AVZ Discussion 2022

[wombat74]

My wondering...
- actively engaging with Icsid = cash burn
- taking more funds from CATH = locking them further in to the project.
- - so the pause is a way to say 'ok weve delayed it, but here's your window to do a deal USA because else we can and will progress our arrangements with CATH/China'

Cath are sitting pretty . And Pei has approx 400mil shares . Box seat win / win either way .

 

[Sangster]

So is CATH getting the 30% of Green Lithium Holdings? I thought that was dependent on acquiring the ML, but sounds like the ML will be issued to a US company, i.e whoever buys it

I suspect we're better of with the licence being issued to the company that buys it provided the value isn't affected by this. CATH we're only supposed to get 30% if they secured the licence for us but this hasn't happened so they have no right to the 30%. However they have assisted with funding so we owe them something, just not as much as that.

 

[Sangster]

I suspect we're better of with the licence being issued to the company that buys it provided the value isn't affected by this. CATH we're only supposed to get 30% if they secured the licence for us but this hasn't happened so they have no right to the 30%. However they have assisted with funding so we owe them something, just not as much as that.

I should add that if our rights to 49% of the processing facilities are maintained as part of the final deal then it may still be warranted to forego the 30% of our mine site. Whatever the case we should deal with CATH honourably. They may have voted against the board previously but Mr Pei has the same rights to an independent opinion as the rest of us do.