Xerof
Flaming 1967
Speaking of momentum...... Trafigura says NO to china bid for Chemaf, will wait for something from the west now I guess
https://x.com/mjkcongo/status/1903128441320350058
https://x.com/mjkcongo/status/1903128441320350058
This was so satisfying."KoBold also requested the Congolese government be the minority shareholder in any joint venture rather than state-owned Cominiere."
Celestine Kibeya just got bitch slapped . Lets hope he goes missing in croc infested waters .
Zijin’s “priority has been to develop the concession and commence production at the site,” a spokesperson for the company said by email.
(Updates with comment from Zijin.):![]()
Gates-Backed Explorer Makes Play for Congo Lithium Deposit
KoBold Metals Co., backed by billionaires Bill Gates and Jeff Bezos, has told the government of the Democratic Republic of Congo it wants to develop one of the worl…financialpost.com
Criminal scum, fuck off already.
Yes noticed it also.This was so satisfying.
It was very deliberate, it didn't need to be in the article, but they put it in.
I'd say whoever wrote it is as disgusted by cominiere as we are.
Would anyone have access to this Australian article please. I'd love to read it but can't download.
Use this website: https://www.removepaywall.com/Would anyone have access to this Australian article please. I'd love to read it but can't download.
Cheers. Go AVZ.....
So good to have some exciting news items coming through. The mind boggles what conversations are taking place.
I did feel a bit deflated though when Jen’s mentioned he’d be happy with a $1ps takeover.
I really didn’t stick it through the last few years for that… if that’s the amount would rather see how the courts play it out.
While I got in early, I only had a small parcel. And I topped up alllll the way along as I was able to save money to buy more (I believed in this so saved hard for it).
I’m not a big holder compared to most here. But I’m kind of hoping for $3 which would give me a more comfortable financial life (the mortgage rates are a fun-killer at the moment!)
Yep, 6.2B USD is the floor price for fair compensation of the project. Whether or not we get some trauma compensation is yet to be seen....
I think that $6.2B USD figure is far more appropriate. $1 sounds good if you own 10+ million shares but for fair value to shareholders and for what the project is worth a sale needs to be a lot more than that.
Kobold is not here to fuk around.
They know CATH has their fingers in the pie already, and had $$ to back it.
Kobold isn't going to make a half-arsed attempt to take this over just to see how it goes. A few here have already suggested ICC claim amount as a minimum threshold and I think that's probably right. I would expect a bit more just to hammer home the certainty of it and preempt any attempts from CATH to step in.
But fk me, what a way to finish the week.
Fingers crossed we're entering the final chapter of this shit-show saga.
Stay strong folks and have a good weekend.
The bidding war will be with US companies only. CATH/CATL won't have a say as the DRC want minerals for peace (firepower).As I eluded to prior.
CATL will want to be a part of the future of the product spat out from the mine.
I suspect a bidding war is about to explode.
Felix is now rubbing his grubby fat hands together - not only will someone else cover his ICC/ICSID penalties, but he will also receive a nice percentages fat pay check if AVZ hand over the reigns to the new owner. He’ll probably say “hey guys, I knew all along my corrupt dealings would pay off”.
If Australia doesn’t come to the party it will be the dumbest financial decision the country has ever made. Manono will control pricing and supply to the rest of the world whilst the darlings of Oz mining will suffer and diminish.
IF the US does have an offer accepted it will be well north of $9B. Future value of Manono with Lithium & Tin is $70-100B once value is extracted.
$12 or GTFO.