AVZ Discussion 2022
- Thread starter GazDix
- Start date
KentCStrait
Regular
This is a bit misleading. Musk didn’t just drop $44 billion in cash. He contributed around $26 billion of his own money—mainly by selling Tesla shares. He also pulled in about $6 billion from outside investors like Larry Ellison, a Saudi prince, and the Qatar sovereign wealth fund. The rest—roughly $13 billion—came from bank loans, secured against Twitter itself, meaning Twitter (not Musk) is on the hook for that debt. So no, he didn’t just whip out a cheque for $44 billion.
All of that said, I don’t really give a flying proverbial where the money comes from—so long as we get paid. My preference is Rio Tinto, but it can be Kobol, the Chinese, or Santa Claus for all I care. I invested in a lithium mine, not a corruption factory. Let this fucking country be someone else’s problem.
BRICK
Where’s Zeebot 😶🌫️
Lars. Such a shame. Must have terrible chaffing.
TheGermanOne
Member
All we can do is to raise as much awareness as possible in the media. My repetitive posting seems boring but necessary imo
Simplified yes but not misleading. Accurate within the relevance to the topic of the post.
The point is that these people can (and are willing to) get together HUGE amounts of money when they decide they want something.
Rechnerhand
Regular
Zijin Mining "ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024"-Report ...
- no finding in the >100pages report for "Jinxiang Lithium Limited" ...
--> basically Zijin Mining’s overseas subsidiary with a 61% interest in Manono Lithium SAS by their own page ... the table below shows meanwhile another stake %.
- no words about granted PE back in September'24
... but finally they "found" something and "calculated" in CDL area ... I guess (do not forget the Tin!)
- no finding in the >100pages report for "Jinxiang Lithium Limited" ...
--> basically Zijin Mining’s overseas subsidiary with a 61% interest in Manono Lithium SAS by their own page ... the table below shows meanwhile another stake %.
- no words about granted PE back in September'24
... but finally they "found" something and "calculated" in CDL area ... I guess (do not forget the Tin!)
Winenut
GO AVZ!!!!
That’s what happens when you illegally steal shit….you’re never quite sure of the numbers
BRICK
Where’s Zeebot 😶🌫️
Steal it first then calculate later
Mute22
Regular
I'm sure they know, but don't want to put a public number out there for obvious reasons.
Re: Will CATH (CATL) make a play for Roche Dure?
CATL owns and operates a lithium (lepidolite) mine in Jiangxi province, China. Lepidolite, as we know, is a low-grade lithium ore that requires additional processing to remove impurities and bring it up to battery grade carbonate. Processing is expensive and environmentally challenging.
It is Chinese government policy to utilise domestic lepidolite ahead of imported hydroxide or carbonate in order to put pressure on the price of imported concentrate. Nonetheless, CATL still imports concentrate from a range of international mines to address the domestic shortfall.
In addition, Zijin Mining recently purchased a 70% stake in the high-grade Lakkor Tso Lithium Project in Tibet. Presumably CATL will use at least some of this concentrate as feedstock for its battery manufacturing facilities in Sichuan and beyond.
It makes sense that CATL is interested in Manono for economic and supply security reasons. However Chinese energy policy counters this, which potentially puts CATL and Chinese policy makers in a conflicting position.
I do not have the answer to this apparent contradictory position, and I do not know if CATH (or CATL) will make a pitch for Roche Dure. However, even without taking US-China geo-politics into account, the expected up-swing in demand for lithium over the next five years may ultimately force their hand.
Three potential bidders is always better than two any day.
Just thinking out aloud (again).
Cheers
F
CATL owns and operates a lithium (lepidolite) mine in Jiangxi province, China. Lepidolite, as we know, is a low-grade lithium ore that requires additional processing to remove impurities and bring it up to battery grade carbonate. Processing is expensive and environmentally challenging.
It is Chinese government policy to utilise domestic lepidolite ahead of imported hydroxide or carbonate in order to put pressure on the price of imported concentrate. Nonetheless, CATL still imports concentrate from a range of international mines to address the domestic shortfall.
In addition, Zijin Mining recently purchased a 70% stake in the high-grade Lakkor Tso Lithium Project in Tibet. Presumably CATL will use at least some of this concentrate as feedstock for its battery manufacturing facilities in Sichuan and beyond.
It makes sense that CATL is interested in Manono for economic and supply security reasons. However Chinese energy policy counters this, which potentially puts CATL and Chinese policy makers in a conflicting position.
I do not have the answer to this apparent contradictory position, and I do not know if CATH (or CATL) will make a pitch for Roche Dure. However, even without taking US-China geo-politics into account, the expected up-swing in demand for lithium over the next five years may ultimately force their hand.
Three potential bidders is always better than two any day.
Just thinking out aloud (again).
Cheers
F
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7-8 tonnes of SC6 per tonne of LCE
6.47 million tonnes x 8 = 51.47 million tonnes @ 1.5%
Doesn't seem like a massive deposit, but they are quoting ultra large scale?
Seems like number fudging to me or i am wrong
Winenut
GO AVZ!!!!
What....Zijin fudge?????
Naahhh......
I'm searching the explanatory notes to the annual report for the amount in bribes paid to DRC kleptocrats. No luck to date, but I'll keep looking.
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Frank
Top 20
Ditto - TGO
My repetitive posting seems boring but necessary also tbo
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