Shall we book the Story Bridge Nells ?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
Shall we book the Story Bridge Nells ?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
Can you also ask Tim when we are getting our fkn money.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.
So the world's wealthiest are scrambling to secure AVZ believing it is only worth $1:35 aud?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.
This posted on the crapper, by someone saying there's a lot of fake stories around....so I bloody well hope this isn't accurate
In fact, drilling has been done to improve the metrics significantly.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.
Hey Carlos,$1.5b USD / 3.5b shares = $0.42 USD
Looks like The Australian was right. It better have royalties. Nigel securing himself a job too won’t go down well if there isn't residual benefits for shareholders at that valuation.
View attachment 84065
They position it as they are doing everyone a favor, eg saving Avz, helping DRC.So the world's wealthiest are scrambling to secure AVZ believing it is only worth $1:35 aud?
It specifically says the sell priceHey 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.
So the world's wealthiest are scrambling to secure AVZ believing it is only worth $1:35 aud?
When was the Australian ever right?$1.5b USD / 3.5b shares = $0.42 USD
Looks like The Australian was right. It better have royalties. Nigel securing himself a job too won’t go down well if there isn't residual benefits for shareholders at that valuation.
View attachment 84065
Yes but as I've said before, something's value is purely based on what you can sell it for.Been thinking the illegal dis2olvement of the comminiere JVA, the president trying to seek a way out of the Manono problem, Kobold not wanting comminiere as part of the deal and the line compensating AVZ for lost stake.
What about if the way forward is for comminiere and zijin to keep the north in their 60/40 JVA and in exchange AVZ get some compensation & 100% of the south (669 MILLION TONES @ 1.65%), which as a raw unrefined material has a proven worth of more than 250B AUD (and multiples more unproven/undrilled given that was well over 30+ years of supply for us), they say 15% of global supply to come from Manono.
I think its been too long and shareholders have forgotten exactly what we have here. We have a company, with a development partner and a plan, we had all approvals in place, we were waiting on them to calculate the mining fee and get it rubber stamped for the license. If the DRC is to transition in the manner it seeks, we need to be given fair value. Anyone saying $1 or $2 (with 3.5B shares on issue, or ~7B as compared to the hundreds of billions in proven value.... yeah that is pennies on the dollar).
Obviously there is risk for the buyer but any sale needs to factor in future earnings. I am just thankful the opinions of anyone posting here dont really matter all that much and it will be settled by management.
Sounds like we'll get a money back deal to get out, Am I rightWhen was the Australian ever right?
"What has happened since then to increase the perceived value?"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.
Did you say that before or after the minerals for security deal? Before America visiting and insisting on transparent governance? ~6 months ago I was right there with you but the world has changed quite a bit.Yes but as I've said before, something's value is purely based on what you can sell it for.
Management will get the most we can get for it.
We can't get it's true worth because of the revolting corrupt government, approvals mean nothing because the law means nothing.
I think we massively undervalue our position in relation to the wave of investments that the US is trying to court, ours is the test case. Ours is the example that proves DRC (and Africa) is save for investment by western nations - if we are not made whole, then we keep going through legal avenues if nothing else Cath will fund. Thats the oppurtunity here, AVZ is one tenament in one country getting A LOT of attention. Thats the leverage, thats why we need to be made whole. Many TRILLIONS of dollars are at stake for the US, this is a massive geopolitical shift which is why I am holding out hope... otherwise we just become a cautionary tale.The DRC have been forced/manipulated to allow us to dispose of the asset at some value, and you'd better thank the gods it was from a country who are friendly to Australia and insisted the asset was handed back to AVZ before the sale.
Because of the conditions of this we don't get to have bidders, because it can only go to the USA.
What was the BS ?So I just saw some bullshit on the facebook AVZ page, and I almost responded but then I thought to myself, "I don't even need to be here anymore." and just fucking left the group.
My god that felt so good!![]()
Panic merchant posts.What was the BS ?