AVZ Discussion 2022

[Flight996]

Content warning - boring shit below.

For those economically minded, the DRC runs an annual budget deficit, and is a net importer of funds to meet its spending and debt obligations. According to the World Bank, the DRC fiscal deficit deteriorated from minus 0.8% of GDP (2021) to minus 2.7% (2022). The 2023 budget deficit is expected to approximate 1.5% of GDP.

The World Bank's Doing Business report (2020) ranked the DRC at 183 out of 190 economies.

If Zijin and its acolytes stopped under-reporting the amount of mineral ore extracted, stopped selling extracted minerals to their Chinese partners at cheap rates, paid their fair share of tax, paid their Congolese workers properly, stopped bribing officials to get around environmental and workforce regulations, and generally made a positive contribution to local society, then maybe Felix would not need to go to China with a begging bowl.

Oh, and if AVZ eventually takes the DRC govt to the ICC in order to get justice and claim damages for the illegal loss of Manono, this is one way the DRC may meet its multi-billion dollar ticket:

Outgoing Nigerian president issues $1.18 bln notes to settle judgment debts

Nigeria has issued debt securities worth $1.18 billion to settle various judgment debts, outgoing President Muhammadu Buhari said in a public letter requesting parliament's approval.

www.reuters.com

Cheers
F

 

[Frank]

Update of the Chinese contract: the DRC and China in discussions in Beijing

The updating of the "Chinese contract", signed in 2008 by the Democratic Republic of Congo (DRC) and China, was on the menu of exchanges in Beijing, between the Congolese delegation and the Chinese party, learned the ACP from Ministry of Foreign Affairs.

"After fifteen years of Chinese contracts, they must be updated, comply with the requirements and development needs of the DRC, taking into account the challenges of the moment", reported the source, explaining in essence the subject of the day's discussions between the two parties led respectively by the Deputy Prime Minister of Foreign Affairs, Christophe Lutundula, and the head of the Chinese “National Reform and Development Commission”, Zheng Shanjie.

Zheng Shanjie promised to sensitize Chinese companies already in the DRC in the mining sector, such as TFM and SICOMINES, on the scrupulous respect of Congolese laws.

“All these contracts will be subject to the memorandum that the two Chinese and Congolese Heads of State will sign one of these mornings for this new dimension of cooperation”, explained the Congolese Ministry of Foreign Affairs.

In addition, files on diplomacy, the environment, finance, infrastructure, mining and digital technology have also been put on the table, so that the objectives guiding this cooperation respond to the context, both national and internationally, we said.

A delegation of six members of the Congolese government accompanied Deputy Prime Minister Christophe Lutundula during these exchanges with the Chinese side.

The DRC for the review of the contract

During the Council of Ministers, held in March 2023, the President of the Republic had mentioned "the imperative need to revisit the agreement signed between the DRC and the Group of Chinese companies (GEC) in April 2008".

Felix Tshisekedi, said so after taking note of the conclusions of the audit carried out by the General Inspectorate of Finance (IGF) on the execution of this Agreement.

According to the IGF, this contract, which had raised a lot of hope at the time, did not keep its promise: that of providing the DRC with a range of the most modern infrastructures.

In 2008, the Agreement signed provided that the group of Chinese companies (GEC) would provide approximately 6 billion USD to finance the infrastructures.

In return, the DRC offered its minerals, mainly cobalt and copper, with an estimated value of 10 million tonnes per year.

To carry out this project, a joint venture called SICOMINES was created.

Despite some readjustments to the initial contract, the rate of completion of infrastructure under this Agreement remains very low.

It is even disillusionment, according to the IGF.

Indeed, only one hospital was built out of the 32 expected.

Kavumu airport and Goma airport have not been rehabilitated as promised.

Around 380 km of roads have been built or rehabilitated out of the 7088 km planned.

Finally, no km of railway was built out of the 380 listed.

In the energy sector, the work of the Katende hydroelectric dam in Kasai is struggling to be finalized, revealed the audit of the General Inspectorate of Finance.

For his part, the Chinese ambassador stationed in the DRC, Zhu Jing, had estimated that this contract is not "win-lose" as attested by the General Inspectorate of Finance (IGF) but rather win-win with regard to data available to the Chinese side.

“Chinese companies do not have the right to say such and such an infrastructure project will be carried out…

All infrastructure projects are decided and proposed by the Congolese government.

The list in question (Editor's note around thirty hospitals, the 3000 km of railway, the Rehabilitation of Kavumu airports,) is not a list of commitments, it is rather a pool of projects that the Congolese government plans to do,” said the Chinese diplomat.

mediacongo

 

[Frank]

 

[BEISHA]

View attachment 37250

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[BEISHA]

Update of the Chinese contract: the DRC and China in discussions in Beijing

The updating of the "Chinese contract", signed in 2008 by the Democratic Republic of Congo (DRC) and China, was on the menu of exchanges in Beijing, between the Congolese delegation and the Chinese party, learned the ACP from Ministry of Foreign Affairs.

"After fifteen years of Chinese contracts, they must be updated, comply with the requirements and development needs of the DRC, taking into account the challenges of the moment", reported the source, explaining in essence the subject of the day's discussions between the two parties led respectively by the Deputy Prime Minister of Foreign Affairs, Christophe Lutundula, and the head of the Chinese “National Reform and Development Commission”, Zheng Shanjie.

Zheng Shanjie promised to sensitize Chinese companies already in the DRC in the mining sector, such as TFM and SICOMINES, on the scrupulous respect of Congolese laws.

“All these contracts will be subject to the memorandum that the two Chinese and Congolese Heads of State will sign one of these mornings for this new dimension of cooperation”, explained the Congolese Ministry of Foreign Affairs.

In addition, files on diplomacy, the environment, finance, infrastructure, mining and digital technology have also been put on the table, so that the objectives guiding this cooperation respond to the context, both national and internationally, we said.

A delegation of six members of the Congolese government accompanied Deputy Prime Minister Christophe Lutundula during these exchanges with the Chinese side.

The DRC for the review of the contract

During the Council of Ministers, held in March 2023, the President of the Republic had mentioned "the imperative need to revisit the agreement signed between the DRC and the Group of Chinese companies (GEC) in April 2008".

Felix Tshisekedi, said so after taking note of the conclusions of the audit carried out by the General Inspectorate of Finance (IGF) on the execution of this Agreement.

According to the IGF, this contract, which had raised a lot of hope at the time, did not keep its promise: that of providing the DRC with a range of the most modern infrastructures.

In 2008, the Agreement signed provided that the group of Chinese companies (GEC) would provide approximately 6 billion USD to finance the infrastructures.

In return, the DRC offered its minerals, mainly cobalt and copper, with an estimated value of 10 million tonnes per year.

To carry out this project, a joint venture called SICOMINES was created.

Despite some readjustments to the initial contract, the rate of completion of infrastructure under this Agreement remains very low.

It is even disillusionment, according to the IGF.

Indeed, only one hospital was built out of the 32 expected.

Kavumu airport and Goma airport have not been rehabilitated as promised.

Around 380 km of roads have been built or rehabilitated out of the 7088 km planned.

Finally, no km of railway was built out of the 380 listed.

In the energy sector, the work of the Katende hydroelectric dam in Kasai is struggling to be finalized, revealed the audit of the General Inspectorate of Finance.

For his part, the Chinese ambassador stationed in the DRC, Zhu Jing, had estimated that this contract is not "win-lose" as attested by the General Inspectorate of Finance (IGF) but rather win-win with regard to data available to the Chinese side.

“Chinese companies do not have the right to say such and such an infrastructure project will be carried out…

All infrastructure projects are decided and proposed by the Congolese government.

The list in question (Editor's note around thirty hospitals, the 3000 km of railway, the Rehabilitation of Kavumu airports,) is not a list of commitments, it is rather a pool of projects that the Congolese government plans to do,” said the Chinese diplomat.

mediacongo

 

[Panther22]

What ? Bro they can’t keep printing their way out of debt, Covid printing alone there’s no coming back from that let alone the major debt before hand..

Your kids great grandkids will be paying that off in taxes mate…

Unless you own a shit tonne of gold push the price up double or triple & sell it off and pay your debt ish ! Maybe 1/2 if your lucky depending on how much gold you sell to China ? Slippery slope

GLTAH

Correct, just kicking the can down the road. They will raise the ceiling and in 12 months they will reach the ceiling again. Imagine if you did that with your household budget. It has to begin to come down at some point otherwise there will be no alternative other than to default. May not happen in my lifetime but it has to happen.

 

[Azzler]

Australia to diversify lithium supply as US policies prove favourable

Australia seeks to create a homegrown lithium refining industry with help of the US policies. But competition from China will be tough.

www.power-technology.com

Not exactly AVZ related but interesting stuff.

 

[geo_au]

Chinese takeaways?

Only thing I know, things are happening, best thing is to wait and see without palpitations until such time things are clear.

If required then spit the dummy, otherwise you gotta pick the bloody thing from the ground every 5 seconds and wash it before re-applying.

Looks like 13359 is not split anymore, which is great news if it means no 3rd parties fukkin around on the lease.

What ? Bro they can’t keep printing their way out of debt, Covid printing alone there’s no coming back from that let alone the major debt before hand..

Your kids great grandkids will be paying that off in taxes mate…

Unless you own a shit tonne of gold push the price up double or triple & sell it off and pay your debt ish ! Maybe 1/2 if your lucky depending on how much gold you sell to China ? Slippery slope

Australia to diversify lithium supply as US policies prove favourable

Australia seeks to create a homegrown lithium refining industry with help of the US policies. But competition from China will be tough.

www.power-technology.com

Not exactly AVZ related but interesting stuff.

That was on the cards awhile back. China's debt level is extremely high, in the trillions plus their manufacturing base is shrinking as a result of demographics. China under the CCP faces a lot of headwinds.

 

[JNRB]

Correct, just kicking the can down the road. They will raise the ceiling and in 12 months they will reach the ceiling again. Imagine if you did that with your household budget. It has to begin to come down at some point otherwise there will be no alternative other than to default. May not happen in my lifetime but it has to happen.

If you're gonna get off-topic, at least be accurate about it.

Debt-ceiling raising is to pay for things Congress has already approved to spend money on - ie the can has already been kicked. They still have to chase after it (raise ceiling) but then they can decide not to kick it again ( reduce debt spending).

Also national monetary/fiscal policy is NOTHING like a household budget and any analogy comparing to such is deliberately trying to mislead people. Have you ever tried telling your bank that YOU are going to decide interest rates now to suit your household budget? Or telling you employer that you have just redone your household budget and decided they have to give you more money now? Or when did you decide your household budget needed more liquidity so you were going to create some more money? Or tell your kids you were cutting their pocket money because it was causing household inflation? Or when did you use your household budget to invest in infrastructure to make your household more productive?

Comparing national finances to household budgets is only ever done to mislead people about the way national finances work in an effort to get them to support less spending. Household budgets operate at the very bottom level of a system. National monetary/fiscal policy IS the system. Comparing them is like saying me sharing my fries at McDonald's is equivalent to running a fast food chain.

 

[Cumquat Cap]

Mining

Chinese Miner Zijin Vows to Continue Huge Lithium Buying Spree​

December 1, 2022

Zijin has spent $16 billion buying three lithium mines over the past year, but its president says the group aims to become one of the top three to five mining companies in the world by 2030​

• 
• 

The company logo of Zijin Mining Group, China's biggest listed gold producer, is seen at a press conference in Hong Kong. Reuters file photo.

The head of China’s Zijin Mining Group has vowed to invest heavily in the EV metals sector, but conceded that lithium prices could halve over the next three years from the record levels they are now at.
Zou Laichang, who is president of Zijin – China’s top gold miner and a leading producer of copper, spoke at the Reuters Next conference currently being held in New York.
Zijin has spent $16 billion buying three lithium mines over the past year, making it one of the world’s top 10 producers of the battery metal.
But the flurry of deals comes amid warnings that lithium prices, driven to records by rapid growth in electric vehicles, may peak next year because of a looming supply glut.
“Zijin aims to become one of the top three to five mining companies in the world by 2030. To do that, we need a new growth driver on top of our gold, copper and zinc sectors,” Zou said.
“New energy and new materials are the key strategic path for us to achieve this goal.”
Zijin’s recent purchases include Canada’s Neo Lithium Corp, a company focused on lithium mining in Argentina, bought for C$920 million ($690 million) in a deal completed in January and giving it access to the Tres Quebradas (3Q) project.
It also bought majority stakes in the Lakkor Tso Lithium Salar mine in China’s Tibet region and the Xiangyuan lithium mine in Hunan province.
Zou said more investments are planned, but gave no details on how much the company plans to spend. Zijin has a market capitalisation of about $35 billion and had a net profit of 15.7 billion yuan ($2.2 billion) last year.

​

 

[BEISHA]

If you're gonna get off-topic, at least be accurate about it.

Debt-ceiling raising is to pay for things Congress has already approved to spend money on - ie the can has already been kicked. They still have to chase after it (raise ceiling) but then they can decide not to kick it again ( reduce debt spending).

Also national monetary/fiscal policy is NOTHING like a household budget and any analogy comparing to such is deliberately trying to mislead people. Have you ever tried telling your bank that YOU are going to decide interest rates now to suit your household budget? Or telling you employer that you have just redone your household budget and decided they have to give you more money now? Or when did you decide your household budget needed more liquidity so you were going to create some more money? Or tell your kids you were cutting their pocket money because it was causing household inflation? Or when did you use your household budget to invest in infrastructure to make your household more productive?

Comparing national finances to household budgets is only ever done to mislead people about the way national finances work in an effort to get them to support less spending. Household budgets operate at the very bottom level of a system. National monetary/fiscal policy IS the system. Comparing them is like saying me sharing my fries at McDonald's is equivalent to running a fast food chain.

USA total debt is 31.5 trillion dollars, USA GDP to debt ratio is 96% and rising, USA annual GDP is 23 trillion.......USA is falling down a rabbit hole if it doesn't get a grip and reduce that gdp / debt ratio, especially if a recession is on the horizon.

As a comparison, China gdp / debt is a whopping 280%, ......

Global gdp / debt is even worse 380%...wtf?

Aust gdp / debt is 22%.......we are cool

The analogy of comparing those stats with average folk household budgets is very apt, cause if we as normal folk are that fucking cavalier / irresponsible as opposed to overseas governments, then we would be bankrupt and screwed, governments just raise the over draft.

Alot of experts believe a recession is on the horizon, possibly Next year, if that being the case, then global markets will experience contagion.

Imo

 

[MoneyBags1348]

Update of the Chinese contract: the DRC and China in discussions in Beijing

The updating of the "Chinese contract", signed in 2008 by the Democratic Republic of Congo (DRC) and China, was on the menu of exchanges in Beijing, between the Congolese delegation and the Chinese party, learned the ACP from Ministry of Foreign Affairs.

"After fifteen years of Chinese contracts, they must be updated, comply with the requirements and development needs of the DRC, taking into account the challenges of the moment", reported the source, explaining in essence the subject of the day's discussions between the two parties led respectively by the Deputy Prime Minister of Foreign Affairs, Christophe Lutundula, and the head of the Chinese “National Reform and Development Commission”, Zheng Shanjie.

Zheng Shanjie promised to sensitize Chinese companies already in the DRC in the mining sector, such as TFM and SICOMINES, on the scrupulous respect of Congolese laws.

“All these contracts will be subject to the memorandum that the two Chinese and Congolese Heads of State will sign one of these mornings for this new dimension of cooperation”, explained the Congolese Ministry of Foreign Affairs.

In addition, files on diplomacy, the environment, finance, infrastructure, mining and digital technology have also been put on the table, so that the objectives guiding this cooperation respond to the context, both national and internationally, we said.

A delegation of six members of the Congolese government accompanied Deputy Prime Minister Christophe Lutundula during these exchanges with the Chinese side.

The DRC for the review of the contract

During the Council of Ministers, held in March 2023, the President of the Republic had mentioned "the imperative need to revisit the agreement signed between the DRC and the Group of Chinese companies (GEC) in April 2008".

Felix Tshisekedi, said so after taking note of the conclusions of the audit carried out by the General Inspectorate of Finance (IGF) on the execution of this Agreement.

According to the IGF, this contract, which had raised a lot of hope at the time, did not keep its promise: that of providing the DRC with a range of the most modern infrastructures.

In 2008, the Agreement signed provided that the group of Chinese companies (GEC) would provide approximately 6 billion USD to finance the infrastructures.

In return, the DRC offered its minerals, mainly cobalt and copper, with an estimated value of 10 million tonnes per year.

To carry out this project, a joint venture called SICOMINES was created.

Despite some readjustments to the initial contract, the rate of completion of infrastructure under this Agreement remains very low.

It is even disillusionment, according to the IGF.

Indeed, only one hospital was built out of the 32 expected.

Kavumu airport and Goma airport have not been rehabilitated as promised.

Around 380 km of roads have been built or rehabilitated out of the 7088 km planned.

Finally, no km of railway was built out of the 380 listed.

In the energy sector, the work of the Katende hydroelectric dam in Kasai is struggling to be finalized, revealed the audit of the General Inspectorate of Finance.

For his part, the Chinese ambassador stationed in the DRC, Zhu Jing, had estimated that this contract is not "win-lose" as attested by the General Inspectorate of Finance (IGF) but rather win-win with regard to data available to the Chinese side.

“Chinese companies do not have the right to say such and such an infrastructure project will be carried out…

All infrastructure projects are decided and proposed by the Congolese government.

The list in question (Editor's note around thirty hospitals, the 3000 km of railway, the Rehabilitation of Kavumu airports,) is not a list of commitments, it is rather a pool of projects that the Congolese government plans to do,” said the Chinese diplomat.

mediacongo

"In addition, files on diplomacy, the environment, finance, infrastructure, mining and digital technology have also been put on the table, so that the objectives guiding this cooperation respond to the context, both national and internationally, we said"

As @cruiser51 post referred.... Who in their right mind would allow China to build the digital technology in the DCR, it's bad enough with their hackers all ready attacking other African nations. Just had a look at the CAMI website and they have been fucking around with the tenement again, not just now saying 100% owned by Cominiere, the tenement also appears to have changed shape.

Anyone interested in contacting politicians could try Kevin Rudd. He speaks Chinese and is speaking at the Battery Gigafactories Event in Washington next week. The Deputy Premier of WA is also speaking there.


Battery Gigafactories USA 2023 Event

When: 8-9 June 2023
Where: JW Marriott Washington DC, USA

This event brings together high level policy makers, energy industry leaders, automotive OEMs, battery gigafactory operators, financial institutions and the global supply chain for lithium ion batteries.

Confirmed Speakers Include:

CEO, Benchmark Mineral Intelligence
Simon Moores,

US Department of Energy:
Jigar Shah, Director, Loan Programs Office

The White House National Economic Council:
Alex Jacquez, Special Assistant to the President for Economic Development and Industrial Strategy

Ambassador, Embassy of Australia to the United States
Hon Dr. Kevin Rudd

President and Chair of the Board of Directors, Export-Import Bank of the United States
Reta Jo Lewis

U.S. Department of State: Deputy Special Presidential Coordinator - Global Infrastructure Investment
Helaina Matza

Deputy Assistant Secretary for Energy Transformation, U.S. Department of State
Anna Shpitsberg

Deputy Premier, Minister for State Development, Government of Western Australia
Hon Roger Cook


@BEISHA .... "we as normal folk are that fucking cavalier"

For a minute there I thought you said "we normal folk are eating caviar".... Just looking for some humour anywhere I can get it BEISH

Times are hard when @John25 didn't even get to have his vegan sausage sizzle, might be because @Nellie17 had a better offer

Now don't you call me dickbrain Nells.... You know I'm just looking for humour until we either get the ML or you guys have that bridge run

 

[Hudnut]

Mining

Chinese Miner Zijin Vows to Continue Huge Lithium Buying Spree​

December 1, 2022

Zijin has spent $16 billion buying three lithium mines over the past year, but its president says the group aims to become one of the top three to five mining companies in the world by 2030​

• 
• 

The company logo of Zijin Mining Group, China's biggest listed gold producer, is seen at a press conference in Hong Kong. Reuters file photo.

The head of China’s Zijin Mining Group has vowed to invest heavily in the EV metals sector, but conceded that lithium prices could halve over the next three years from the record levels they are now at.
Zou Laichang, who is president of Zijin – China’s top gold miner and a leading producer of copper, spoke at the Reuters Next conference currently being held in New York.
Zijin has spent $16 billion buying three lithium mines over the past year, making it one of the world’s top 10 producers of the battery metal.
But the flurry of deals comes amid warnings that lithium prices, driven to records by rapid growth in electric vehicles, may peak next year because of a looming supply glut.
“Zijin aims to become one of the top three to five mining companies in the world by 2030. To do that, we need a new growth driver on top of our gold, copper and zinc sectors,” Zou said.
“New energy and new materials are the key strategic path for us to achieve this goal.”
Zijin’s recent purchases include Canada’s Neo Lithium Corp, a company focused on lithium mining in Argentina, bought for C$920 million ($690 million) in a deal completed in January and giving it access to the Tres Quebradas (3Q) project.
It also bought majority stakes in the Lakkor Tso Lithium Salar mine in China’s Tibet region and the Xiangyuan lithium mine in Hunan province.
Zou said more investments are planned, but gave no details on how much the company plans to spend. Zijin has a market capitalisation of about $35 billion and had a net profit of 15.7 billion yuan ($2.2 billion) last year.

​

I wouldn't mind if Z went on a buying spree, rather than theft.

 

[Mr Inappropriate]

Correct, just kicking the can down the road. They will raise the ceiling and in 12 months they will reach the ceiling again. Imagine if you did that with your household budget. It has to begin to come down at some point otherwise there will be no alternative other than to default. May not happen in my lifetime but it has to happen.

Households are not the issuers of currencies like (most) governments are, so comparisons of government debt to household debt don‘t really hold water.

If you’re open for having your mind bent/changed, have a read up about Modern Monetory Theory: https://www.fraserinstitute.org/sites/default/files/primer-on-modern-monetary-theory.pdf

if you want to go the whole 9 yards, I thoroughly recommend this:

The Deficit Myth

A New York Times Bestseller The leading thinker and most visible public advocate of modern monetary theory -- the freshest and most important idea about eco...

www.publicaffairsbooks.com

 

[Mr Inappropriate]

I wouldn't mind if Z went on a buying spree, rather than theft.

$12

 

[Frank]

"In addition, files on diplomacy, the environment, finance, infrastructure, mining and digital technology have also been put on the table, so that the objectives guiding this cooperation respond to the context, both national and internationally, we said"

As @cruiser51 post referred.... Who in their right mind would allow China to build the digital technology in the DCR, it's bad enough with their hackers all ready attacking other African nations. Just had a look at the CAMI website and they have been fucking around with the tenement again, not just now saying 100% owned by Cominiere, the tenement also appears to have changed shape.

Anyone interested in contacting politicians could try Kevin Rudd. He speaks Chinese and is speaking at the Battery Gigafactories Event in Washington next week. The Deputy Premier of WA is also speaking there.


Battery Gigafactories USA 2023 Event

When: 8-9 June 2023
Where: JW Marriott Washington DC, USA

This event brings together high level policy makers, energy industry leaders, automotive OEMs, battery gigafactory operators, financial institutions and the global supply chain for lithium ion batteries.

Confirmed Speakers Include:

CEO, Benchmark Mineral Intelligence
Simon Moores,

US Department of Energy:
Jigar Shah, Director, Loan Programs Office

The White House National Economic Council:
Alex Jacquez, Special Assistant to the President for Economic Development and Industrial Strategy

Ambassador, Embassy of Australia to the United States
Hon Dr. Kevin Rudd

President and Chair of the Board of Directors, Export-Import Bank of the United States
Reta Jo Lewis

U.S. Department of State: Deputy Special Presidential Coordinator - Global Infrastructure Investment
Helaina Matza

Deputy Assistant Secretary for Energy Transformation, U.S. Department of State
Anna Shpitsberg

Deputy Premier, Minister for State Development, Government of Western Australia
Hon Roger Cook


@BEISHA .... "we as normal folk are that fucking cavalier"

For a minute there I thought you said "we normal folk are eating caviar".... Just looking for some humour anywhere I can get it BEISH

Times are hard when @John25 didn't even get to have his vegan sausage sizzle, might be because @Nellie17 had a better offer

Now don't you call me dickbrain Nells.... You know I'm just looking for humour until we either get the ML or you guys have that bridge run

 

[Frank]

 

[Dazmac66]

December 1, 2022
Zijin has spent $16 billion buying three lithium mines over the past year.

So the boss of Zijin spruiks about buying 3 lithium mines for 16 billion yet no mention of the bargain of the century!

Also no mention out of China of the world's largest undeveloped lithium deposit which is pivotal to the DRC's future in many ways.

This is just fucked up. Could have been retired and travelling the world. Really starting to bite and not just the coin side of things but the truly mind numbing stupidity and opportunity cost of this ongoing nightmare.

Any chance we will get more info from the company before the ICC hearing or are we left to play the guessing game on our investments till the snails in France decide our fate?

 

[BRICK]

December 1, 2022
Zijin has spent $16 billion buying three lithium mines over the past year.

So the boss of Zijin spruiks about buying 3 lithium mines for 16 billion yet no mention of the bargain of the century!

Also no mention out of China of the world's largest undeveloped lithium deposit which is pivotal to the DRC's future in many ways.

This is just fucked up. Could have been retired and travelling the world. Really starting to bite and not just the coin side of things but the truly mind numbing stupidity and opportunity cost of this ongoing nightmare.

Any chance we will get more info from the company before the ICC hearing or are we left to play the guessing game on our investments till the snails in France decide our fate?

This is certainly fucked up. But hey, I was stuck in the red after loading up/Averaging up in 2018 and getting caught for a few years hahah. So second time around
Especially upsetting though when I see Felix posting on his LinkedIn profile arriving all smiles in .

 

[The Fox]

$12

Love your optimism mate and that nunber would be very nice. However if say Zijin were to make an genuine offer I’m tipping the number you have is missing a decimal point and the letters USD in front of it.

That’s my Best guess as a baseline or expected number IMO to be offered by the Chinese crooks. Doesn’t mean it would be accepted of course.

Any such offer may very well be a trigger for others to act if they think there is a clear run to production and guarantees provided by Felix and Co.

$12

Love your optimism mate and that nunber would be very nice. However if say Zijin were to make an genuine offer I’m tipping the number you have is missing a decimal point and the letters USD in front of it.

That’s my Best guess for a baseline or expected number IMO to be offered by the Chinese crooks. Doesn’t mean it would be accepted of course.

Any such offer may very well be a trigger for others to act if they think there is a clear run to production and guarantees provided by Felix and Co.

If the waters continue to be muddy, there will be limited buyers lining up IMO.