Dave Evans
Regular
Just to add to what @Carlos Danger said, I believe the US previously said they were putting sanctions on CATL for supplying critical minerals to China’s military
The other comments I’ve been holding onto and struggling not to put out there are that from all the information put out by KoBold, Bloomberg, Reuters, The Australian and nearly every other media source and announcement I’ve read, I wouldn’t be surprised if
1) AVZ has already stuck the deal with KoBold
2) They’re waiting for the fat fuckwit to say he will grant the ML to KoBold (and he’s waiting for AVZ to drop arbitration)
3) As posted (then deleted) in The Australian newspaper…. KoBold offering US$1.5b plus royalties plus compensation for the north. I believe The Australian was the first media source to mention that Zijin keep the north
4) US$1.5b = AU$2.3b which I believe was roughly what was thrown around at the last AGM. That equates to around AU$0.66c a share. Perhaps this is why Jens is throwing low-ball posts out on X.
I’d be filthy if this was the case. Royalties from KoBold would have to more than match fair value given its future earnings, and compensation for the north would have to be at least US$1.5b on top of the other offers.
We know when AVZ challenged Jin Cheng’s purchase of 15% of Dathcom in the ICC, Zijin themselves put a value on our project of US$5.6b. That’s AU$2.45 per share and that’s before the resource increased by 47% to 842Mt.
And any compensation for the north would have to come originally from Zijin and would have to be guaranteed because we know they are corrupt liars.
As far as KoBold goes, we know they’re not miners so I’m expecting they will form a joint venture with Rio Tinto.
Thats why I believe shareholders shouldn’t accept any low-ball offers. The DRC are desperate for security against Rwanda backed M23 rebels, KoBold is desperate for Manono and the US is desperate for DRC critical minerals. The only ones who shouldn’t be desperate now are us, we’ve waited three years for this ICSID case to start and now we’re only 18 days away
I know others might disagree, the above may just be a starting point and are just my opinions based on what I’ve read, the fact I don’t have 53million shares and wouldn’t accept any low-ball takeover offers
It’s amazing what saving bits of information here and there can lead to. Here I was going back through a few notes and I came across the article written in The Australian that was later deleted. It was written by Brad Thompson, The Australian’s mining reporter

Going by the article, the author and the relationship between Rupert Murdoch, Michael Bloomberg and KoBold, it seems KoBold came in with an initial very very low-ball offer.
Here’s the full article

Perth-based AVZ Minerals’ Congo lithium hopes hinge on US envoy’s talks
Brad ThompsonAVZ and KoBold representatives want to nail down a deal on the future of the southern portion of the Manono deposit from the talks starting on Tuesday.
If all goes well, AVZ could on-sell the Manono interest for up to $US1.5bn ($2.38bn) plus a royalty. But there is no assurance of any outcome, favourable or otherwise.
A deal will depend on the US standing up for AVZ’s legal claim over Manono, which AVZ has separately tried to assert through international justice. It is understood California-based KoBold wants to see AVZ “appropriately compensated” for Manono.
The US has indicated it is willing to back AVZ retrieving the southern licence to minimise antagonising China.
KoBold first cast its eye over the southern part of the deposit last October. It was invited to assess the disputed project by DRC-owned mining company Cominiere, which is involved in a legal battle over the asset with AVZ.
The US wants any sale by AVZ to not be complicated by residual 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. It is understood both the US and KoBold favour a change of ownership based on the DRC and AVZ discontinuing legal action.
From the article above we can see the following
1) KoBold came in with even a lower low-ball offer than we gave them credit for
2) Cominiere invited KoBold to illegally trespass on our camp
3) The US wants us and the DRC to drop all arbitration when we have won all cases
I hope this makes shareholders even more determined to bring on the ICSID arbitration and Nigel more determined to get us a fair price
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