AVZ Discussion 2022

[BEISHA]

I wonder if AVZ will get Mpiana Mwanga back in the deal. If not, how that will affect the price. That power plant was key for energy production, going to have to pay for energy or cart in diesel making it more expensive to produce and/or bigger carbon footprint

Mpiana Mwanga is a package deal mate, AVZ have the rights, no deals will be entertained without it.

 

[j.l]

Oh NOOOO, please don't start that shit again

Ease up mate. SuperNinja never said which Easter...

 

[Retrobyte]

i’ll go quietly into the night for $5ps, and hand-job.

Only if said hand-job is from Felix's daughter

 

[Scoota30]

https://techcrunch.com/2023/08/16/t...t-can-add-up-to-400km-of-range-in-10-minutes/

CATL, the Chinese battery giant and a major supplier to Tesla, has unveiled its latest product that aims to solve electric vehicles’ charging and range limitations. The battery, dubbed Shenxing or “god-like movement,” is able to refuel up to 400 kilometers (250 miles) of range in 10 minutes, Gao Han, chief technology officer of CATL’s e-car division, said at a launch briefing on Wednesday.

That means vehicles powered by Shenxing can drive from New York to Boston (about 215 miles) after just 10 minutes of fast charging. Mass production of the battery is expected to be underway by the end of 2023, with shipping to begin in 2024.



Shenxing claims to be “the world’s first 4C superfast charging LFP battery. “LFP stands for lithium iron phosphate, a type of battery chemistry that Tesla widely adapted in 2021 for its shorter-range cars in place of nickel-cobalt-aluminum.

China is a big proponent of LFP, a technology spearheaded by its renewable energy darling CATL, which topped the global EV battery market with a 35% share in Q1, according to research firm SNE. This type of battery is known for its cheap prices and chemical stability, though it has a lower energy density than other battery chemistries, which is a drag on EVs’ range.

CATL’s extraordinary growth has been buoyed by an EV boom in China over the last few years. But the EV industry is decelerating as government subsidies shrink and consumption contracts amid a post-COVID economic downturn. Meanwhile, the Fujian-based battery manufacturers face heated competition from BYD, the Chinese EV giant that also makes its own battery. In Q1, BYD trailed CATL in second place with a 16.2% share of the global EV battery market.

This whole time i've been wondering how the US could be involved if CATH ended up with all of the product/offtake anyway, I wouldn't have thought the US would just be happy enough to transport the product via the Lobito Corridor. You'd also imagine the Chinese would not accept (or if they had no choice, would not be happy) to lose complete ownership & product from Manono.

I believe CATL don't currently have a battery manufacturing facility in the U.S but you're right in that they supply Tesla.

Surely the best outcome for all involved right now would be that the US buyout AVZ's ownership of Manono & then part of the agreement would be that the product ends up back in the US and that CATL build a battery manufacturing facility in the US, creating US jobs and keeping the supply chain domestic to the US. Makes a lot of sense really and follows the America First & Domestic manufacturing mission that the Trump Administration is pushing.

Either way, if the US are trying to strong-arm China/CATL and take over the entire project, you'd imagine a fire would be lit under CATH's ass right now in damage control mode trying to do everything they can to maintain their JV stake & offtake. A very good position for AVZ to be in right now. In @geo_au we trust!!

 

[j.l]

This whole time i've been wondering how the US could be involved if CATH ended up with all of the product/offtake anyway, I wouldn't have thought the US would just be happy enough to transport the product via the Lobito Corridor. You'd also imagine the Chinese would not accept (or if they had no choice, would not be happy) to lose complete ownership & product from Manono.

I believe CATL don't currently have a battery manufacturing facility in the U.S but you're right in that they supply Tesla.

Surely the best outcome for all involved right now would be that the US buyout AVZ's ownership of Manono & then part of the agreement would be that the product ends up back in the US and that CATL build a battery manufacturing facility in the US, creating US jobs and keeping the supply chain domestic to the US. Makes a lot of sense really and follows the America First & Domestic manufacturing mission that the Trump Administration is pushing.

Either way, if the US are trying to strong-arm China/CATL and take over the entire project, you'd imagine a fire would be lit under CATH's ass right now in damage control mode trying to do everything they can to maintain their JV stake & offtake. A very good position for AVZ to be in right now. In @geo_au we trust!!

Love it mate. Hopefully this is exactly the move in play.

 

[PhatCatz]

I fully expect Chinese to come to party with a very good deal to get this settled before any great traction on US/DRC deals. Anywhere north of $2.50 and I might take notice. If they offer some pathetic 1 buck fuck em. Yes I might be a tad optimistic.

Means we all won’t have to work again.

 

[Hodlandwin69]

Can anyone shed some light on how breaking the CATH deal would play out?

 

[TheCount]

Can anyone shed some light on how breaking the CATH deal would play out?

 

[Azzler]

Can anyone shed some light on how breaking the CATH deal would play out?

Apparently it's just the $20 Mil break fee.

 

[Xerof]

Can anyone shed some light on how breaking the CATH deal would play out?

Thats the US6.2b question

But it should only cost 20m

edit: as Azzler says too

 

[Dazmac66]

My Understanding. - Under the ownership arrangements if AVZ(or subsidiary) were sold, CATH would be paid out their percentage of ownership. No more off-takes etc to worry about as no ownership of the resource!
Edit: but the $20mill sound like a better deal to me!

 

[whales]

Can anyone shed some light on how breaking the CATH deal would play out?

The CATH deal is 2 fold.
1 offtake agreement
2 partnership in a hydroxide plant
BUT only if ÀVZ are the owners of the mining licence and proceed to mine.
If AVZ decide to sell the project before shovel hit the dirt would depend on the fine print in the contracts drawn between CATH and DATHCOM when the mining licence is obtained .
IF no exclusion to sell project before mining commences then would assume CATH will need to deal with new owner.

 

[Xerof]

I'll leave it to Nigel........

 

[Hodlandwin69]

Thats the US6.2b question

But it should only cost 20m

edit: as Azzler says too

As in the 20mil they gave us to fight the cases or on top of?
Tbh I thought the 20mil break fee was the original agreement.

It would be utter shit if we end up having the give them 30% of the pie (or whatever ownership structure they have).

Just to clarify, they don't yet own 30% or so via indirect interest through GLH??

 

[Hodlandwin69]

Ok, above is the conditions required for CATH deal to procede, so I guess with the assistance of the DRC, they can disapprove of CATH and assist us in selling to the USA without CATH owning 30.5%

 

[Thaz]

Looks like things are on the up!

Id be happy to entertain $5 per share plus an entitlement to shares in the acquiring entity.

Allows us to exit at a reasonable price , while maintaining a free carry interest in manono

 

[Xerof]

View attachment 79149
Ok, above is the conditions required for CATH deal to procede, so I guess with the assistance of the DRC, they can disapprove of CATH and assist us in selling to the USA without CATH owning 30.5%

OK, there's no break fee, so again, leave it to Nigel to sort

@Azzler ??

 

[Azzler]

View attachment 79150
OK, there's no break fee, so again, leave it to Nigel to sort

@Azzler ??

 

[PhatCatz]

So that means AVZ can take the money and then kick them out for nothing? If correct, Beautiful work by the Board.

 

[Pokok]

$12....$12....$12....

Stop it you're giving me a hard on