USD$1 billion is equal to AUD$1.5 billion. I think that's where he plucked the figure from.
Well they say with their AI they know pretty well how deep the resource goes.
Maybe with their AI they can measure the depth of AVZ Shareholder trauma and use AI to include this in their ‘fair value’ calculations…
Regardless it's bullshit, they've linked the figure to AVZ's payout when it was stated as funding for mine development.
How about this:
In the article he mentions $1.5 billion plus a royalty. Iam quite sure he is referencing a previous article in the Australian that came out soon after the Kobold AVZ agreement was released on May 6th. Iam unsure of when exactly it was published but it was discussed at length here and on the crapper
Can you give me an elevator pitch for this bhm?Is there an ‘Investment ideas’ thread? If anyone is interested, check out BHM.ax… it’s a reverse takeover from CBH.ax… Looks to be undervalued IMO and NOT in Africa
And thats where that 67c or whatever bullshit figure came from, where 1.5b US equates to about that in AUD depending on exchange rate at the time.
fmd!
Currently operating mine with way more capacity potential, also a drilling campaign underway, decent shallow grades, tight register, BHMOA are close to convert price and expire 2029… I’ve held CBH for quite a while and was only taken over by BHM a couple of days ago, DYOR!
stockhead.com.au
Ask them where the fuck is their source for this deal being a "high priority" for the white house. I am joking but still....
The whole article is just a fucking joke for sure. Brad Thompson is no better than Tommy the Turd. Where the fuck do they find these guys ??And thats where that 67c or whatever bullshit figure came from, where 1.5b US equates to about that in AUD depending on exchange rate at the time.
This time they've stated:
"The Australian has reported that AVZ might walk away with up to $1.5bn and a royalty. However, KoBold clearly wants to pay far less in cash upfront given the risks in the DRC and the depressed lithium market."
Not clearly! what's the source? It's all fucking bullshit!
AVZ would have rejected that figure if it even exists.
Didn't they report that 1.5b was 'the offer' last time
And thats where that 67c or whatever bullshit figure came from, where 1.5b US equates to about that in AUD depending on exchange rate at the time.
This time they've stated:
"The Australian has reported that AVZ might walk away with up to $1.5bn and a royalty. However, KoBold clearly wants to pay far less in cash upfront given the risks in the DRC and the depressed lithium market."
Not clearly! what's the source? It's all fucking bullshit!
AVZ would have rejected that figure if it even exists.
Didn't they report that 1.5b was 'the offer' last time
Dave …. Look forward to the day you do a podcast about this shitshow.Sam, you know I keep copies of everything that comes out about AVZ. I’m not really interested in following KoBold’s bullshit anymore, I believe the best thing to do is wait for AVZ’s announcements and trust that Nigel and DLA Piper have the legal high ground and the will to continue fighting for our best outcome.
I personally wouldn’t trust what they print, but here’s the article in question, which appeared to indicate an initial low ball offer and appeared to be deleted soon after it came out
Perth-based AVZ Minerals’ Congo lithium hopes hinge on US envoy’s talks
Brad Thompson
AVZ 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.
Here’s another article I put a link to recently
which states the following about their Framework Agreement StructureGates and Bezos-backed KoBold Metals Enters DRC Lithium Project
Discover how AI-powered KoBold Metals, backed by Gates and Bezos, aims to transform lithium supply chains with its DRC project.discoveryalert.com.au
The Framework Agreement Structure
KoBold's entry represents a potential breakthrough in this protracted dispute. The company has proposed a framework agreement that would:
This arrangement offers a pragmatic solution that acknowledges the political realities while allowing development to proceed after years of delays. The agreement requires several conditions to be met:
- Compensate AVZ Minerals for its initial exploration work and partial claim settlement
- Divide the massive deposit geographically – with KoBold developing the southern portion while Zijin retains rights to the northern section
- Commit $1 billion for project development over a 5-year timeframe
- Establish clear boundaries and operational independence between the two zones
- Formal regulatory approvals from DRC mining authorities
- Resolution of pending arbitration cases
- Environmental impact assessments
- Community benefit agreements with local stakeholders
Here were the notes I made about what is stated above about the agreement
The initial exploration work they mention above, should take into consideration
1) The updated resources
2) The BFS and Sustainability Report
https://announcements.asx.com.au/asxpdf/20220617/pdf/45b0wzfp5rpg7d.pdf
3) The Partial Award - Being the amount factored in according to the ICC which shows we have suffered damages in excess of US$9.4billion
https://static1.squarespace.com/sta...de+Courtoisie+de+la+Sentence+Partielle_en.pdf
Then the agreement requirements including the first condition to be met being the formal regulatory approvals from DRC mining authorities, which could be what the signing last week was about
View attachment 88818
The next condition to be met being the resolution of pending arbitration cases.
My view is if KoBold offered us fair value a deal would have been done, so until they do, they won’t get past this condition
Maybe that explains things to shareholders here, maybe not, I don’t really know because all of those parties that are trying not to include us are so full of bullshit that, like I said before, in my view it’s best to wait for AVZ to announce things as our BOD are the only ones who are abiding by the international laws and not talking bullshit.
What I do like that KoBold has done, is make public statements that we can use to hold them accountable and great work by Nigel and DLA Piper putting KoBold’s agreements in the hands of the ICSID
Here’s KoBold’s statement in their own words
KoBold Metals and AVZ Agree on Framework for KoBold to Acquire AVZ’s Interests in the Manono Lithium Deposit in DRC
Thanks, Secretary of State Marco Rubio, U.S. Senior Advisor for Africa Massad Boulos, and President of the Democratic Republic of the Congo Félix A. Tshisekedi Tshilombo, for opening doors for US investment. KoBold Metals and AVZ Minerals Limited agreed on a framework for KoBold to buy AVZ’s interests in the Manono lithium deposit in the DRC. We’ll make America and the DRC safer, stronger, and more prosperous.
www.koboldmetals.com
Awesome Dave. ThankyouSam, you know I keep copies of everything that comes out about AVZ. I’m not really interested in following KoBold’s bullshit anymore, I believe the best thing to do is wait for AVZ’s announcements and trust that Nigel and DLA Piper have the legal high ground and the will to continue fighting for our best outcome.
I personally wouldn’t trust what they print, but here’s the article in question, which appeared to indicate an initial low ball offer and appeared to be deleted soon after it came out
Perth-based AVZ Minerals’ Congo lithium hopes hinge on US envoy’s talks
Brad Thompson
AVZ 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.
Here’s another article I put a link to recently
which states the following about their Framework Agreement StructureGates and Bezos-backed KoBold Metals Enters DRC Lithium Project
Discover how AI-powered KoBold Metals, backed by Gates and Bezos, aims to transform lithium supply chains with its DRC project.
The Framework Agreement Structure
KoBold's entry represents a potential breakthrough in this protracted dispute. The company has proposed a framework agreement that would:
This arrangement offers a pragmatic solution that acknowledges the political realities while allowing development to proceed after years of delays. The agreement requires several conditions to be met:
- Compensate AVZ Minerals for its initial exploration work and partial claim settlement
- Divide the massive deposit geographically – with KoBold developing the southern portion while Zijin retains rights to the northern section
- Commit $1 billion for project development over a 5-year timeframe
- Establish clear boundaries and operational independence between the two zones
- Formal regulatory approvals from DRC mining authorities
- Resolution of pending arbitration cases
- Environmental impact assessments
- Community benefit agreements with local stakeholders
Here were the notes I made about what is stated above about the agreement
The initial exploration work they mention above, should take into consideration
1) The updated resources
2) The BFS and Sustainability Report
https://announcements.asx.com.au/asxpdf/20220617/pdf/45b0wzfp5rpg7d.pdf
3) The Partial Award - Being the amount factored in according to the ICC which shows we have suffered damages in excess of US$9.4billion
https://static1.squarespace.com/sta...de+Courtoisie+de+la+Sentence+Partielle_en.pdf
Then the agreement requirements including the first condition to be met being the formal regulatory approvals from DRC mining authorities, which could be what the signing last week was about
View attachment 88818
The next condition to be met being the resolution of pending arbitration cases.
My view is if KoBold offered us fair value a deal would have been done, so until they do, they won’t get past this condition
Maybe that explains things to shareholders here, maybe not, I don’t really know because all of those parties that are trying not to include us are so full of bullshit that, like I said before, in my view it’s best to wait for AVZ to announce things as our BOD are the only ones who are abiding by the international laws and not talking bullshit.
What I do like that KoBold has done, is make public statements that we can use to hold them accountable and great work by Nigel and DLA Piper putting KoBold’s agreements in the hands of the ICSID
Here’s KoBold’s statement in their own words
KoBold Metals and AVZ Agree on Framework for KoBold to Acquire AVZ’s Interests in the Manono Lithium Deposit in DRC
Thanks, Secretary of State Marco Rubio, U.S. Senior Advisor for Africa Massad Boulos, and President of the Democratic Republic of the Congo Félix A. Tshisekedi Tshilombo, for opening doors for US investment. KoBold Metals and AVZ Minerals Limited agreed on a framework for KoBold to buy AVZ’s interests in the Manono lithium deposit in the DRC. We’ll make America and the DRC safer, stronger, and more prosperous.
www.koboldmetals.com
