AVZ Discussion 2022
- Thread starter GazDix
- Start date
Nellie17
Regular
G'day Lollipop,
I'm pretty sure the $1billion is to invest in building the mine, not to buy us out. Please check.
Cheers,
Nells xx
Frank
Top 20
Lithium of Manono: pressure from the American KoBold on Kinshasa
The US KoBold Metals, supported by investors such as Bill Gates and Jeff Bezos, is on the offensive to accept the offer it submitted on 21 January 2025 to the authorities of the Democratic Republic of Congo (DRC) on the Manono lithium deposit, considered to have “the potential to become a large-scale, long-lasting lithium mine.”
According to an estimate published in January 2024, the deposit could house 669 million tonnes of mineral resources containing 1.61 per cent lithium.
KoBold issued a joint statement with Australia's AVZ Minerals entitled Developing Manono for Peace and Prosperity.
In this document, signed on 6 May 2025, by their respective Directors-General, Kurt House (photo) and Nigel Ferguson, the two companies state that they have “successful consensus on a business framework for the rapid development of the Manono deposit”.
“This framework provides for AVZ to hand over its commercial interests in the lithium deposit from Manono to KoBold, to fair value,” says the statement.
According to the same document, the agreement would allow KoBold to mobilize rapidement “rapidly” more than a billion dollars “to transport Manono’s lithium to Western markets.”
Except that, for the Congolese government, the Australian mining company no longer has rights to the deposit.
For Kinshasa, these rights were lost after the Congolese public company Cominière ended its partnership with AVz in 2022.
A decision which is contested by the International Court of Arbitration of the International Chamber of Commerce, in which it has already obtained the conviction of Cominière to pay EUR 39.1 million in penalties for non-compliance with injunctions.
However, the arbitral tribunal has not yet ruled on the merits of the case file.
In his offer made in January, KoBold proposes to end the litigation by granting “appropriate compensation” to AVZ, in exchange for abandoning his claims to Manono for his benefit.
The American company said it was ready to develop the southern part of the deposit, while the northern section would remain under the control of the Chinese group zijin Mining.
It should be recalled that Manono Lithium SAS, a 61% joint venture owned by the company (via its subsidiary Jinxiang Lithium) and 39% by Cominière, obtained an operating permit in September 2024 on part of the deposit.
An offer for “peace and prosperity”
So far, the Congolese authorities have not publicly expressed themselves on KoBold’s offer. But the joint statement of 6 May suggests that they have not yet given a favourable follow-up.
“After has undertaken to propose to the Congolese government a temporary suspension of the arbitration proceedings before the ICSID in order to facilitate the discussions,” says the document.
This statement sounds like a hit on Kinshasa.
KoBold and AV seem to be interested in taking advantage of the current rapprochement between the United States and the Democratic Republic of the Congo.
The document also mentions the US government as a stakeholder: “Avid and KoBold cooperate with all stakeholders, including the US government, the DRC government, and the current development partner of VA.”
The two companies also position their proposal as a contribution to “peace and prosperity,” promising “thousands of well-paid jobs for Congolese over decades.”
With the deteriorating security situation in the eastern DRC, Kinshasa offered the Trump administration a mining agreement in exchange for its support.
Since then, this issue has been the subject of bilateral discussions and Washington has been actively involved in the resolution of the conflict.
“A lasting peace in the eastern part of the Democratic Republic of Congo will open the door to larger US and Western citizen investments that will create an ecosystem that supports responsible and reliable supply chains for things like critical minerals,” said Secretary of State Marco Rubio, on April 25, 2025 in Washington, D.C., when the “Declaration of Principles” for a peace agreement between the DRC and Rwanda, support for the rebellion.
Lithium de Manono : coup de pression de l’Américain KoBold sur Kinshasa
L’entreprise américaine KoBold Metals, soutenue par des investisseurs comme Bill Gates et Jeff Bezos, passe à l’offensive pour faire accepter l’offre qu’elle a soumise, le 21 janvier 2025, aux autorités de la République démocratique du Congo (RDC) sur le gisement de lithium de Manono, considéré...
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so I can sign off here and hopefully not look at TSE againThis is the kind of cash that KoBold can associate with (not including the other investors they have recently mentioned)
Jack Ma worth US$28 billion
Bill Gates worth US$107 billion
Jeff Bezos worth US$211 billion
BHP worth AU$190 billion
RIO worth US$102 billion
Elon Musk worth US$327 billion
Total = Around $1 trillion
I think AVZ’s 75% ownership is still to be proven in the ICC which could take some time and I wouldn’t be surprised if KoBold use this as another excuse for a discount as well as wanting AVZ to sign a deal before the ICC proves beyond doubt our full ownership of 75% of Dathcom
I also suspect they will get the fat thief to sign the agreement as quick as possible so they can move fast with a negotiated offer. I personally wouldn’t lose any sleep if the fat idiot’s plane went down on the way to the US for the signing. For three years I’ve stayed positive and for some reason KoBold comes along and I just don’t trust them
Time for me to drop a few mercyndol and neurophen plus so I can sign off here and hopefully not look at TSE again at least until tomorrow. Pity your not here to mix me a few of your famous 2 litre jug mixes of margaritas to wash them down @Xerof
Been hearing that for so long i cant remember
Admit it..........you cant stay away .
You really love us dont you
I can't find any of these supposed lines of text on the interwebs, nor a mining analyst going by the name of Jane Carter who works are Mac Group. I question the validity of it all. Just seems like some mashup of the supposed offer brought forward and chuck in a few bits of pieces of recent news to try to spin a story. I hope that's the bloody case! 65c is a fucking joke... can't even get a family holiday out of that shitbox offer after being subjected to 3 years of financial stress.
EDIT: oops didn't see the call out of fake news already!
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Frank
Top 20
Surely we can we Sue the Shit outta them for "Pain & Suffering" if nothing else Sam
To sue for pain and suffering, you'll need to establish that you've experienced emotional distress and other non-economic damages due to a personal injury.
This typically involves proving a connection between a negligence or breach of duty and the resulting emotional harm, along with seeking expert medical opinions and documenting the impact on your life.
Gather Evidence:
- Medical Records: Obtain comprehensive medical documentation detailing your injuries and their impact.
- Witness Statements: Collect any witness accounts related to the incident.
- Financial Records: Keep records of medical bills, lost wages, and other expenses related to your injury.
- Daily Journal: Document the impact of your pain and suffering on your daily life.
- Seek Expert Opinions:
- Consult with medical professionals (psychologists, psychiatrists) to assess the severity and impact of your emotional distress.
- Consult with medical professionals (psychologists, psychiatrists) to assess the severity and impact of your emotional distress.
- A "pain and suffering calculator" is a tool, often found online, that estimates the potential compensation for emotional distress and physical pain related to an injury.
Fuck that going to DRC...........thats like Nortbridge on steroids ( the WA dudes will know what i mean )
You simply wont get back to OZ, it would be the last piss you take.
better make it a golden one if you are insistent and dont forget to update your will....
Enjoy.
Frank
Top 20
Dave Evans
Regular
so I can sign off here and hopefully not look at TSE again
Been hearing that for so long i cant remember
Admit it..........you cant stay away .
You really love us dont you
View attachment 84087
Caught me
…. Yes after midnight again and not long ago added a post to the list of scumbag names in The Twitter Dirty Dozen thread. It’s not my fault the mercyndol and neurophen plus didn’t work, possibly due to my early days on magic mushrooms. They just don’t make drugs like they used to anymoreIt's worth remembering that Kobold are spring chickens and don't actually have a business model. They have some AI that they think gives them competent advantage, but thay could just as well mean knowing truly how much a great deposit is worth.
Their main competitive advantage is access to deep pockets.
It's also worth remembering they are planing to go public in the next few years.
Underwaterdark
Regular
Just to preface this, I am keen for the most beneficial outcome possible, been waiting a very long time like all of you
But:
$1b investment appears to be to get the mine going so they can get the product to the west.
We were looking at circa $1b with investments from Cath and other parties to build the mine.
Yes, the leaked info from the last Kobold rumour there was a $1.5b takeover offer.
But this was the first offer and I am sure Nige has been working hard to get something better.
But I am still unable to fathom the people that think we are getting $2-$4 or beyond?
Our highest trade on ASX was like $1.31 or $1.35 intraday.
This had a ML being issued imminently priced in, and us proceeding to mine.
What has happened since then to increase the perceived value?
Asset hasn't improved, market hasn't improved, we haven't been able to progress anything.
I very much doubt we will get hurt money just because we have had to wait all these years.
But happy to be proven wrong.
Tim will tell.
But:
$1b investment appears to be to get the mine going so they can get the product to the west.
We were looking at circa $1b with investments from Cath and other parties to build the mine.
Yes, the leaked info from the last Kobold rumour there was a $1.5b takeover offer.
But this was the first offer and I am sure Nige has been working hard to get something better.
But I am still unable to fathom the people that think we are getting $2-$4 or beyond?
Our highest trade on ASX was like $1.31 or $1.35 intraday.
This had a ML being issued imminently priced in, and us proceeding to mine.
What has happened since then to increase the perceived value?
Asset hasn't improved, market hasn't improved, we haven't been able to progress anything.
I very much doubt we will get hurt money just because we have had to wait all these years.
But happy to be proven wrong.
Tim will tell.
Shall we book the Story Bridge Nells ?
Can you also ask Tim when we are getting our fkn money.
So the world's wealthiest are scrambling to secure AVZ believing it is only worth $1:35 aud?
Retrobyte
Hates a beer
In fact, drilling has been done to improve the metrics significantly.
Additionally, during that time it was always clear that shit could happens in this jurisdiction. Now with the icsid in our back, things a significantly less unexpectedly risky. Still shitty though...
Hey Carlos,
The statement from Kobold and AVZ mentioned they would “deploy more than $1B…”
It’s possible the $1.5B figure mentioned in The Australian refers to the total funds intended to be deployed in-country, aligning with that “more than $1B” comment. Just a thought.
Given how tightly the details have been held, I’m a bit sceptical that the actual purchase price leaked.
I also believe the purchase price was only a verbal offer at the time the article was written, and that we’ve since been waiting for Kobold’s best formal offer.
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