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Very Interesting Beisha,You have been banging on about a PLAN B for a fair while, something that i havnt contemplated before, because if you believe what Nigel has stated at the AGM, ML is not contingent on the respective ICC arbitration cases, its all about the CDL carve up, surface rights etc, which is why I hold out hope that with the ministry reshuffle that is supposedly being enacted by FT, this could be a sign that he is finally getting his house in order, void of filthy vermin, providing a gate way for AVZ to get whats rightfully theirs in the not so distant future.
That being said, i also remember Nigel saying at the AGM that sophs / VIPs have been "in his ear " about the ML should wait until the ICC arbitrations comes to a conclusion too........I wonder if @Carlos Danger remembers that....
So what is the actuality here ?
Does anyone know for sure , apart from the AVZ bod / momentum layers who are keeping matters close to their chest ?
We are close to February now, elections are due December, the last thing any AVZ shareholder would want to see, is ML still in limbo land come EOY, funds drying up, with a potential Kabila victory at hand, who will simply rewrite the constitution ( cause they can )allowing the chinese to get away with the steal of the century and with that, control of the lithium narrative world wide.
So with that in mind, maybe we should discuss a PLAN B as a group, cause the alternative could be alot worse, possibly even disaster, who the fuck knows when it comes to the DRC / China........hell, they dont even respect the highest court in the world FFS !!
So here is my version of what a PLAN B could look like to obtain the ML, it wont be popular, but hey, its business or bust right ?
a) AVZ retain minimum 51% interest of DATHCOM ( post 24% CATH )
b) ZIJIN can keep the 15% (pre emption dispute), pays the full up to date value of the 15% to Cominiere, plus partial remuneration to AVZ ( $$ ? ) for expenses / work previously carried out.
So the equation would look like this........
AVZ 51 %, CATH 24%, ZIJIN 15%, DRC govt 10%
CATH pays $240m to AVZ as their share of the construction costs
ZIJIN pays $150m to AVZ as their share of the construction costs.
AVZ chases bank finance to fund the rest.
AVZ will be awarded a full 5 yr exploration license renewal for 100% CDL and other tenements.
AVZ then proceeds to JV CDL with ZIJIN..........whereby ZIJIN bears the FULL cost of exploration to earn a certain percentage of the project.
AVZ , focuses on the production of RD.
Yes folks, PLAN B would mean AVZ goes to bed with ZIJIN, whats the ole saying ....." Better the devil you know "
" Keep your enemies close "
I actually think the market would receive that news favourably, even tho the thought would make me puke !
Would love to hear other folks POV on..................PLAN B.
imo
My thoughts (I'm being very loose with the word thoughts) are as follows :
That Plan B you so pleasantly projectile vomited through the screen and directly into my eyes and open mouth as my jaw had hit the floor, has evoked the words "Zijin get fucked"
This was my initial thought, upon reflection I can see the error of my ways and so "Zijin can go fuck themselves vigorously with a large rusty morning-star dipped lovingly in acid, the cunts"
On every single metric Zijin have failed the test, they cannot, simply cannot be trusted and more importantly allowed to have even half a percent in this project. They will lie, cheat, steal, con, bribe and god knows what else to get what they want. Not a good partner to co-own the largest hard rock mine on the planet with.
With Felix finally moving with determination and showing every part the rapid acceleration of a stoned tortoise while pulling out his finger from rectum to move on corruption within Government to sign off on changing up Lukondes special cesspit of corruption (yet we are supposed to believe he is clean
).These new snack-searchers coming in should basically know the score.
Therefore, one would reasonably expect there to be more support for the ML being granted and less support for Mupande, i.e Mamba gone. A new MOP together with the MOM making shit happen to get the ML, I'm thinking along the lines of suspend CAMI DG like has been done before, an within that small timeframe before he is once again brought back by Lukonde we have the feted ML in our hands. A plan B should in theory only be required if Mupande can't be removed, or convinced to stop with the snacks for just this one project.
Plan B should at this stage not be required good sir!
However I will play your evil game, but I will keep that dirty dirty word Zijin out of my mouth
PLAN B
Wait for ICC while cutting spending to essentials. BOD pay-cut 50% till ML (a gesture if nothing else).
Now I'm off to brush my teeth and use some mouthwash to get the taste of vomit out of my mouth, oh look a piece of carrot.
Edit
just read this back an its not so cohesive, apologies I have the missus whinging at me to hurry up as apparently, I have to watch a movie.
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