AVZ Discussion 2022

[TheCount]

Wowe. Me and these boys don’t know what to think…. An end in sight?! MONEY?!!!
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I'll bring the beer (and hard lemon of course) and you bring the steaks!

 

[PhatCatz]

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Just some interesting reading

Is there a source? So KoBold will compensate for our “lost” north portion? Zijin still keeps the water they’ve diverted, the power station they’ve stolen and the core library and all of those other assets? For free? This is just not right on principals. I want to go to ISCID and make those fuckers pay!!!

Also as the snippet says this sets a really really bad precedent for the DRC and any potential suitors for investment. “Hey guys, we can just ignore the mining code and you can pay your way to mining licences. It doesn’t matter who has good legal title it goes to the highest bidder”

Fuck that shit.

 

[llhtom]

No mate, it’s pretty low but that doesn’t mean not fighting for fair value. As many have said, we have been stuck now for 3 years and I imagine most of us thought we might be getting dividends by now.

What would really piss me off is if AVZ didn’t pass all the cash back to us and decided to use some of it to start another project.

That happened with Altura Mining and those shares are worthless now, and Leo Lithium is doing the same with its second tranche to shareholders now going toward another project. An absolute fuck up by Leo Lithium so I voted against all their resolutions at their upcoming AGM

I agree with your sentiment. I would hope that AVZ paying it out to shareholders as a special dividend. Resume trading and we can get out of it.

 

[BEISHA]

AUSTRALIAN ARTICLE

Aussie miner AVZ in sale agreement with Gates, Bezos-backed KoBold
Brad Thompson
.


42 minutes ago
Perth-based AVZ Minerals has defied the odds to reach a geopolitically significant deal to sell a giant lithium project in Africa to a US company backed by Bill Gates and Jeff Bezos.

The deal between AVZ and KoBold Metals over the Manono project in the Democratic Republic of Congo shapes as the linchpin in a critical mineral pact between the Trump administration and the strife-torn nation.

Both the US government and DRC president Felix Tshisekedi are understood to support the deal between AVZ and KoBold thrashed out in Washington.

The sale price remains unclear but the deal is set to trigger an initial investment of more than $US1bn ($1.55bn) in Manono from KoBold, and is a rebuff to Chinese interests in Africa.

AVZ’s market capitalisation got to $4.6bn in 2022 on high hopes for Manono but fell from grace as it lost control of the massive hard rock deposit that has been likened to the world leading Greenbushes lithium mine in Western Australia.

In a joint statement, AVZ and KoBold said they recognised that “rapid, ethical development of the Manono lithium deposit should play a role in supporting peace and security”.

Their deal was struck against a backdrop of the DRC seeking US protection from Rwanda-backed M23 rebels that have caused havoc and overrun parts of the resources-rich country.

The statement, signed by AVZ chief executive Nigel Ferguson and his KoBold counterpart Kurt House, said they had advanced the peace process by reaching consensus on a commercial framework to enable the rapid development of Manono.

“This framework entails AVZ selling its commercial interest in the Manono lithium deposit to KoBold for fair value,” it said.

“The agreement will enable KoBold to rapidly deploy more than $US1bn to bring the Manono lithium to Western markets.

“The development of Manono will create thousands of high paying Congolese jobs for decades. AVZ enthusiastically endorses KoBold’s approach to investing in local talent.”

AVZ and KoBold said they were working with “all possible speed” to conclude the sale.

“AVZ and KoBold are working cooperatively with all stakeholders, including the US government, the DRC government, and AVZ’s current development partner,” they said.

The Australian understands Mr Tshisekedi has given his blessing to the AVZ-KoBold deal. Mr Tshisekedi is thought to have told US special envoy Massad Boulos and other stakeholders that he’d been looking for a solution to the Manono “problem” for a long time and found it in the AVZ-KoBold agreement.

AVZ scored a partial victory over the DRC and giant Chinese miner Zijin in the International Court of Arbitration of the International Chamber of Commerce (ICC) in March.

The company, whose shares were delisted in 2024, maintains the DRC acted illegally by taking over its permit over the whole of Manono and then awarding the northern portion to a Zijin subsidiary in September 2023.

AVZ will propose to the DRC government that they suspend the international arbitration proceedings to facilitate discussions on handing back its licence to clear the way for the KoBold deal.

Sources close to Mr Ferguson said he had been working tirelessly in Washington to secure the best possible deal for AVZ shareholders given there is no guarantee the DRC would adhere to any eventual arbitration ruling in AVZ’s favour. The ICC awarded a $67.5m penalty against DRC-owned mining company Cominière in March because it ignored previous emergency orders in the dispute.

AVZ has asked some of its disgruntled shareholders to show restraint in social media posts on the DRC and its government given the delicate state of negotiations on Manono.

The Australian broke the news of Washington’s unlikely advocacy for AVZ back in March and then flagged the deal with California-based KoBold.

Mr Boulos, the father-in-law of Mr Trump’s daughter Tiffany and his adviser on Arab and Middle Eastern affairs, was sent to Kinshasa early last month, to discuss a critical minerals pact with the DRC in return for security.

Manono boasts an 842 million tonne resource at 1.61 per cent lithium oxide and is split into two geographically distinct northern and southern deposits. The southern part alone, sometimes referred to as Roche Dure, holds a 669 million tonne resource.

The US has indicated it is willing to back AVZ retrieving the southern licence to minimise antagonising China with Zijin well advanced in developing the northern deposit.

It is understood both the US and KoBold favour a change of ownership based on AVZ and the DRC discontinuing legal action.

The US also wants any sale by AVZ to not be complicated by links to China’s CATL – the world’s biggest electric vehicle battery manufacturer, which in January provided $20m in funding to AVZ to help the company finance the legal battle for Manono.

Gates and Bezos-backed mining and artificial intelligence start-up KoBold may opt to bring in a partner to help develop Manono.

The project has also caught the eye of Rio Tinto, which has so far refused to comment on any interest.

The Australian has also reported that other her assets on the US radar in the DRC include cobalt and copper deposits controlled by Trafigura-backed Chemaf. Dubai-based Chemaf reportedly failed to gain DRC approval for a sale to an arm of Chinese state-owned defence manufacturer Norinco Group

China already has a significant presence in the DRC, which is rich in copper, cobalt, tin and uranium.

Brad Thompson
Brad Thompson
Mining reporter

Thanks Elmitso for sharing this.......well, looks like the drum beat is getting faster.

A few points on reading this.

a) The Australian understands Mr Tshisekedi has given his blessing to the AVZ-KoBold deal. Mr Tshisekedi is thought to have told US special envoy Massad Boulos and other stakeholders that he’d been looking for a solution to the Manono “problem” for a long time and found it in the AVZ-KoBold agreement.

Laughable! ( breathe Beisha, show restraint )

b) Sources close to Mr Ferguson said he had been working tirelessly in Washington to secure the best possible deal for AVZ shareholders given there is no guarantee the DRC would adhere to any eventual arbitration ruling in AVZ’s favour.

Good on you Nige...........and too true.

c) AVZ has asked some of its disgruntled shareholders to show restraint in social media posts on the DRC and its government given the delicate state of negotiations on Manono.

@Stockinvesting ........does Nige need to grow up ?

d) The US has indicated it is willing to back AVZ retrieving the southern licence to minimise antagonising China with Zijin well advanced in developing the northern deposit.

So farken Zijin get rewarded for stealth ? Not happy Jan, AVZ better get good compensation !!!!

e) It is understood both the US and KoBold favour a change of ownership based on AVZ and the DRC discontinuing legal action.

Legals better be as tight as a fishes arsehole ! Money in the bank prior, not a DRC bank either ...

f) The US also wants any sale by AVZ to not be complicated by links to China’s CATL

Bye bye too faced Cath......you have been stiffed.

g ) AVZ and KoBold said they were working with “all possible speed” to conclude the sale.


Great, then 21000 shareholders can reclaim their financial lives after 3 yrs of misery..........the big question remains, what is " FAIR VALUE " ?

Thanks Don, but i aint sucking you off......yet. ( sorry @Nellie17 )

It better be good !

 

[Frank]

And I want my real beach house; one where the sounds of surf and rust keep me awake at night.


...until the next under-valued monster grabs your attention. You may all pay a little more attention to jurisdiction and management next time, but there will be a next time.
There certainly will be for me.

Cheers
F

*Time to Fasten our Seatbelts by the look of it as AVZ taxis to the runway Flight 996 departing for Beach house in Bahamas

Gates, Bezos-backed KoBold to buy stake in DRC lithium project

KoBold Metals, the mining startup backed by Bill Gates and Jeff Bezos, is expanding its footprint into the Democratic Republic of the Congo after inking a framework deal to buy AVZ Mineral’s stake in the Manono lithium deposit. The agreement aims...

 

[BEISHA]

*Time to Fasten our Seatbelts by the look of it as AVZ taxis to the runway Flight 996 departing for Beach house in Bahamas

Gates, Bezos-backed KoBold to buy stake in DRC lithium project

KoBold Metals, the mining startup backed by Bill Gates and Jeff Bezos, is expanding its footprint into the Democratic Republic of the Congo after inking a framework deal to buy AVZ Mineral’s stake in the Manono lithium deposit. The agreement aims...


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Lets hope Avenger is right brother !

 

[Frank]

Lets hope Avenger is right brother !

 

[Skar]

View attachment 84031
Just some interesting reading

I especially like the part about offered to compensate for lost stake and buy remaining stake... that kind of rescopes expectations. Bezos has a EV truck start up he needs a build a supply chain around, hey look 669 Million tones of lithium.

So the total value contained in Manono is in the hundreds of billions with the US - DRC parternship value in the trillions and here we are sitting on the crown jewel of that deal. Good place to be.

 

[BRICK]

Thanks Elmitso for sharing this.......well, looks like the drum beat is getting faster.

A few points on reading this.

a) The Australian understands Mr Tshisekedi has given his blessing to the AVZ-KoBold deal. Mr Tshisekedi is thought to have told US special envoy Massad Boulos and other stakeholders that he’d been looking for a solution to the Manono “problem” for a long time and found it in the AVZ-KoBold agreement.

Laughable! ( breathe Beisha, show restraint )

b) Sources close to Mr Ferguson said he had been working tirelessly in Washington to secure the best possible deal for AVZ shareholders given there is no guarantee the DRC would adhere to any eventual arbitration ruling in AVZ’s favour.

Good on you Nige...........and too true.

c) AVZ has asked some of its disgruntled shareholders to show restraint in social media posts on the DRC and its government given the delicate state of negotiations on Manono.

@Stockinvesting ........does Nige need to grow up ?

d) The US has indicated it is willing to back AVZ retrieving the southern licence to minimise antagonising China with Zijin well advanced in developing the northern deposit.

So farken Zijin get rewarded for stealth ? Not happy Jan, AVZ better get good compensation !!!!

e) It is understood both the US and KoBold favour a change of ownership based on AVZ and the DRC discontinuing legal action.

Legals better be as tight as a fishes arsehole ! Money in the bank prior, not a DRC bank either ...

f) The US also wants any sale by AVZ to not be complicated by links to China’s CATL

Bye bye too faced Cath......you have been stiffed.

g ) AVZ and KoBold said they were working with “all possible speed” to conclude the sale.


Great, then 21000 shareholders can reclaim their financial lives after 3 yrs of misery..........the big question remains, what is " FAIR VALUE " ?

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Thanks Don, but i aint sucking you off......yet. ( sorry @Nellie17 )

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It better be good !

Beish,

for $12 id consider a DJT BJ

 

[cruiser51]

Is there a source? So KoBold will compensate for our “lost” north portion? Zijin still keeps the water they’ve diverted, the power station they’ve stolen and the core library and all of those other assets? For free? This is just not right on principals. I want to go to ISCID and make those fuckers pay!!!

Also as the snippet says this sets a really really bad precedent for the DRC and any potential suitors for investment. “Hey guys, we can just ignore the mining code and you can pay your way to mining licences. It doesn’t matter who has good legal title it goes to the highest bidder”

Fuck that shit.

Source:

Gates and Bezos-Backed Startup Pursues Congo’s Lithium Resources

Discover how Bill Gates and Bezos-backed KoBold Metals uses AI to develop a major lithium mine in Congo, reshaping global supply chains.

discoveryalert.com.au

​

 

[hedrox]

No mate, it’s pretty low but that doesn’t mean not fighting for fair value. As many have said, we have been stuck now for 3 years and I imagine most of us thought we might be getting dividends by now.

What would really piss me off is if AVZ didn’t pass all the cash back to us and decided to use some of it to start another project.

That happened with Altura Mining and those shares are worthless now, and Leo Lithium is doing the same with its second tranche to shareholders now going toward another project. An absolute fuck up by Leo Lithium so I voted against all their resolutions at their upcoming AGM

Honestly Dave...I don't think Nigel wants to go on after this saga. He is most probably looking forward to a happy retirement with his family and the $$$ of his 51 million shares. He will most probably do the best to avoid a massive tax bill and will act accordingly in our interest...
Good luck everybody

 

[PutUsernameHere]

Agreement for compensation, buyout + royalties.
AVZ creates a new class of shares for royalties rights, issues 1:1 for every AVZ shareholder.
AVZ offers buyback of shares to the value of capital from comp + buyout. Shareholders that want a CGT take this offer.
AVZ reduces primary shares on issue by the number accepting the buyback.
AVZ pays out dividend of remaining capital to remaining shareholders.

Gives:
*non-retirees/income-earners option to take advantage of CGT discount
*retirees/non-income earners/those that want it dividend income
*ongoing exposure to royalties without affecting capacity to obtain material value in the short term.


Still waiting on AVZ to release a statement following KoBold, I doubt it but would be nice to see some more details on the proposed framework agreement.

 

[webclever]

I believe the AVZ Board should not have agreed to suspend the ICSD process without first securing funds. That said, what would be the fair market value of the entire tenement—or the remaining portion—excluding the area allegedly taken by the Chinese parties and Cominiere.

Hopefully, we’ll hear from the Board tomorrow regarding the Kobold agreement, giving us something to review and reflect on over the weekend.

 

[Remark]

Source:

Gates and Bezos-Backed Startup Pursues Congo’s Lithium Resources

Discover how Bill Gates and Bezos-backed KoBold Metals uses AI to develop a major lithium mine in Congo, reshaping global supply chains.

discoveryalert.com.au

​

Oldish news?

 

[Mute22]

I believe the AVZ Board should not have agreed to suspend the ICSD process without first securing funds. That said, what would be the fair market value of the entire tenement—or the remaining portion—excluding the area allegedly taken by the Chinese parties and Cominiere.

Hopefully, we’ll hear from the Board tomorrow regarding the Kobold agreement, giving us something to review and reflect on over the weekend.

They haven't agreed to it, it's part of a proposal put the DRC government. If they don't accept the terms, I imagine things proceed.

 

[Goldenboy]

Fuck it.....

$12....$12....$12!!!

$12

 

[Dave Evans]

Honestly Dave...I don't think Nigel wants to go on after this saga. He is most probably looking forward to a happy retirement with his family and the $$$ of his 51 million shares. He will most probably do the best to avoid a massive tax bill and will act accordingly in our interest...
Good luck everybody

Yeah look I agree with you @hedrox I just thought I’d put any question that Nigel could decide to start another project out there ahead of any final decisions

At the 2021 AVZ Presentation in Sydney he told me he was interested in starting another project closer to the coast where transport wasn’t as big an issue

He also told me then that he had only invested half as much as I had in the company. When he’s got 50million shares it might be fine for him to accept an offer that many might find low-ball, but that’s not necessarily fine with all shareholders

So far KoBold has been doing all the talking (about Zijin, compensation etc) and releasing and leaking information via Bloomberg

Michael Bloomberg, the majority owner of Bloomberg News, is an investor in Breakthrough Energy Ventures, which holds a stake in KoBold Metals. Breakthrough Energy Ventures is a venture fund founded by Bill Gates

KoBold have enough backers and potential partners not to short change us with low-ball offers is the point I keep stressing. It’s bad enough the fat fuck, Cominiere, Zijin and the rest of the thieves are getting away with bribery, corruption, lies, embezzlement (all proven in the IGF Report and ICC, ICSID Rulings) and above all else, rogering shareholders up the arse for the last three years

This link shows KoBold’s investors, one of which is BHP

KoBold Metals

www.koboldmetals.com

 

[Flekman11]

Gates and Bezos-backed KoBold Metals Enters DRC Lithium Project

Discover how AI-powered KoBold Metals, backed by Gates and Bezos, aims to transform lithium supply chains with its DRC project.

discoveryalert.com.au

Some more info on the proposal. Below sounds interesting.

1. Compensate AVZ Minerals for its initial exploration work and partial claim settlement

 

[JasonM]

Gates and Bezos-backed KoBold Metals Enters DRC Lithium Project

Discover how AI-powered KoBold Metals, backed by Gates and Bezos, aims to transform lithium supply chains with its DRC project.

discoveryalert.com.au

Some more info on the proposal. Below sounds interesting.

1. Compensate AVZ Minerals for its initial exploration work and partial claim settlement

I am a bit concerned re final price. a lot of signalling and softening seems to be going on prepping that its better to get something than nothing. Lets wait and see I suppose. kobold does seem to be in the box seat to shaft us.

 

[Strongman]

I believe the AVZ Board should not have agreed to suspend the ICSD process without first securing funds. That said, what would be the fair market value of the entire tenement—or the remaining portion—excluding the area allegedly taken by the Chinese parties and Cominiere.

Hopefully, we’ll hear from the Board tomorrow regarding the Kobold agreement, giving us something to review and reflect on over the weekend.

Hey mate AVZ have NOT suspended the ICSID hearing they have committed to proposing a TEMPORARY suspension to facilitate Discussions
There is no way known that AVZ will suspend the ICSID hearing until we have a 100% money in the bank ( not DRC Bank) agreement