AVZ Discussion 2022

[Skar]

Speaking of poor old CORE, Market Darling to Disaster, One Day a Rooster, the Next a Feather Duster, I see where,

Carmakers spur Gigafactory construction to feed demand​

It’s all about the factories.

Gigafactories coming online in China are set to feed demand for battery-grade materials such as lithium for insatiable EV markets, according to Benchmark Metals Intelligence (BMI) analysis.

“In H222 and H123, the Asia region maintained its position as the regional leader in terms of EV battery plant investments, attracting 38 projects into either gigafactory or EV battery component plant investments,” BMI says.

“Although the investments in Asia are dispersed among eight different markets we note that mainland China maintains its dominance in the region, attracting 13 investments for a combined value of US$38.1bn (59.5% of Asia’s total investment value).

Meanwhile, Core Lithium looks to be hitting the market to again raise another $100m of capital for its Finniss lithium mine near Darwin in the NT less than a year after receiving $100m to develop the project.

The project shipped its first spodumene concentrate in the June quarter, producing 3589t and 14,685t in March and June respectively at recoveries of 47.4% and 48.6%, which pales in comparison to a 2021 DFS that projected a 71.7% average recovery rate.

C1 costs fell from $2188/t to $902/t in the June quarter, but Core disappointed the market with FY24 and FY25 guidance well below the nameplate 175,000tpa capacity outlined in its initial study work.


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Then there's Delta taking over from Core at the ASX Casino / Roller Coaster

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Yeah, longer term I am bullish on CXO (and lithium well into the end of this decade) ... especially at these prices. If CXO can fix recoveries and get production up to name plate capacity in FY25 should be a nice chunk of change .. its just locking up more capital/bad timing on my part, I did not see this CR coming.

Fairly similar to AVZ really... if we can get ML/BFS (Resource update & 10Mtpa study??? or is that just internet nonesense... )/FID, get through to construction and ramp up we could likewise be 4-5x on our last traded price, in 2-3 years (conservatively), if things go REALLY well who the F knows... but again locking up capital for that long starting to wear on me.

 

[Carlos Danger]

If this round z lost, they don't even have the chance to go into next round , game over. From my reading and wish

The ICC case is about Zijin wanting AVZ to recognise them in Dathcom

AVZ are challenging Zijin's right to an ICC hearing on jurisdictional grounds as they are not a party of Dathcom and therefore have no rights under the Dathcom JVA

As AVZ said in their official announcement this is not about whether the sale of shares from Cominiere to Zijin was effective and that matter will remain to be determined in separate proceedings

So not game over imo

 

[Azzler]

The ICC case is about Zijin wanting AVZ to recognise them in Dathcom

AVZ are challenging Zijin's right to an ICC hearing on jurisdictional grounds as they are not a party of Dathcom and therefore have no rights under the Dathcom JVA

As AVZ said in their official announcement this is not about whether the sale of shares from Cominiere to Zijin was effective and that matter will remain to be determined in separate proceedings

So not game over imo

The way I see that is they're talking about a technicality though.

The ICC will be making a ruling on the ownership dispute.
The outcome of which is only to say weather Zijin can use the ICC dispute process or not.
They are not ruling to make any ownership claims official.

So technically, no not game over, but I think we can all agree it pretty much will be.
If they cant get ICC to agree they own 15%, how can they hope to win that argument under any other official means?

 

[Azzler]

The way I see that is they're talking about a technicality though.

The ICC will be making a ruling on the ownership dispute.
The outcome of which is only to say weather Zijin can use the ICC dispute process or not.
They are not ruling to make any ownership claims official.

So technically, no not game over, but I think we can all agree it pretty much will be.
If they cant get ICC to agree they own 15%, how can they hope to win that argument under any other official means?

Oh and it will also mean their other case with Com against AVZ will be deemed unsuitable to use the ICC for.

 

[Xerof]

The ICC case is about Zijin wanting AVZ to recognise them in Dathcom

AVZ are challenging Zijin's right to an ICC hearing on jurisdictional grounds as they are not a party of Dathcom and therefore have no rights under the Dathcom JVA

As AVZ said in their official announcement this is not about whether the sale of shares from Cominiere to Zijin was effective and that matter will remain to be determined in separate proceedings

So not game over imo

Any thoughts on what/where the 'separate proceedings' will be determined?

Have you seen Giddyup's post on the crapper re Dathomir? I must say I had noted that no EGM had ever been held for the 5% SPA, but my concerns were dissipated after their comprehensive comments in the response to ASX. Perhaps not as straightforward?

@Roon feel free to develop this discussion. I was pleased to see Giddyup actually delivered on his thoughts quite comprehensively

 

[Xerof]

The way I see that is they're talking about a technicality though.

The ICC will be making a ruling on the ownership dispute.
The outcome of which is only to say weather Zijin can use the ICC dispute process or not.
They are not ruling to make any ownership claims official.

So technically, no not game over, but I think we can all agree it pretty much will be.
If they cant get ICC to agree they own 15%, how can they hope to win that argument under any other official means?

But hang on, some of the 'contacts' have stated quite clearly that Zijin is "out" Now the discussion seems to assume they are still "in"

I'm lost in the loops - not sure which one I'm in again, but Cruiser is right - probably fruit loops

 

[Carlos Danger]

The way I see that is they're talking about a technicality though.

The ICC will be making a ruling on the ownership dispute.
The outcome of which is only to say weather Zijin can use the ICC dispute process or not.
They are not ruling to make any ownership claims official.

So technically, no not game over, but I think we can all agree it pretty much will be.
If they cant get ICC to agree they own 15%, how can they hope to win that argument under any other official means?

I think I have done more work than anyone here proving Zijin's claims are bullshit and that Cominiere clearly violated AVZ pre-emptive rights to the 15%

But AVZ have made it pretty clear there could be further proceedings that determine whether the transfer of shares was effective. I don't think Zijin will give up that easily.

 

[Azzler]

But hang on, some of the 'contacts' have stated quite clearly that Zijin is "out" Now the discussion seems to assume they are still "in"

I'm lost in the loops - not sure which one I'm in again, but Cruiser is right - probably fruit loops

Who's assuming they're still in?

 

[Azzler]

I think I have done more work than anyone here proving Zijin's claims are bullshit and that Cominiere clearly violated AVZ pre-emptive rights to the 15%

But AVZ have made it pretty clear there could be further proceedings that determine whether the transfer of shares was effective. I don't think Zijin will give up that easily.

Agreed they'll do anything they can, but with an ICC ruling stating they don't own shit % in Dathcom now pinned to their faces, any future claims to the contrary are barely worthy of concern IMO.
Maybe they should sue Cominiere.

 

[Doc]

I think I have done more work than anyone here proving Zijin's claims are bullshit and that Cominiere clearly violated AVZ pre-emptive rights to the 15%

But AVZ have made it pretty clear there could be further proceedings that determine whether the transfer of shares was effective. I don't think Zijin will give up that easily.

What of that video of Zijin sitting around the table with the green one where it was said they were not contesting the 15% but were to be given other ‘fertile’ leases in the DRC? Was about 5 months ago I think.
Damn cloak and dagger shit does my head in.

 

[Carlos Danger]

Any thoughts on what/where the 'separate proceedings' will be determined?

Have you seen Giddyup's post on the crapper re Dathomir? I must say I had noted that no EGM had ever been held for the 5% SPA, but my concerns were dissipated after their comprehensive comments in the response to ASX. Perhaps not as straightforward?

I read that and to be honest he sounds like he's weaving his text in a manner to sew doubt with very little real facts to back up the tone he sets.
There's something to it perhaps, but he's going to great effort to make it sound much worse and forboding.
It looks and smells like a Geist to me.

The answer to Giddyup's question about enforing Dathomir's intention to be bound to the contract they signed is the same as Zijin's reasoning for their ICC case about being recognised in Dathcom imo

I'm not 100% sure about how exactly AVZ will enforce their pre-emptive rights to the 15%. Most of the announcements about this matter referred to ongoing discussions with DRC government officials. My guess would be this is a violation of the Dathcom JVA and we will need to initiate ICC proceedings under Article 11 but clearly that hasn't happened yet.

 

[Azzler]

What of that video of Zijin sitting around the table with the green one where it was said they were not contesting the 15% but were to be given other ‘fertile’ leases in the DRC? Was about 5 months ago I think.
Damn cloak and dagger shit does my head in.

Apparently after leaving this meeting they all changed their minds.

 

[Azzler]

Any thoughts on what/where the 'separate proceedings' will be determined?

Have you seen Giddyup's post on the crapper re Dathomir? I must say I had noted that no EGM had ever been held for the 5% SPA, but my concerns were dissipated after their comprehensive comments in the response to ASX. Perhaps not as straightforward?

@Roon feel free to develop this discussion. I was pleased to see Giddyup actually delivered on his thoughts quite comprehensively

It's a mess and there's no good way to bring clarity for them in a legal sense.
They could only use a DRC court to claim ownership if the DRC were saying they don't own anything.
So they use ICC to force AVZ to recognise them.

But if ICC rule against them, then they cant use ICC.
If the DRC tell them to fuck off, then they might initiate proceedings in a DRC court.
But if the Government have told them to fuck off already, DRC being corrupt as it is, there's no way a DRC judge will rule against the government, and I'm sure Zijin knows that.
Zijin has and will use blackmail to try to achieve their goals. Once you go dark, you have to stay there.
Which is AVZ's saving grace, being law abiding. (Cue heavenly choir voices)

Now with apparent support for AVZ by the government, and rightly so ffs, they're screwed.
They might be able to cause damage on their way out of course. And that's concerneing.

 

[RHyNO]

But hang on, some of the 'contacts' have stated quite clearly that Zijin is "out" Now the discussion seems to assume they are still "in"

I'm lost in the loops - not sure which one I'm in again, but Cruiser is right - probably fruit loops

Exactly 99% of words on this forum have no truth just hopium. Why people lie about inside knowledge and understanding is a mystery. Losers! Liars! Wingers!

 

[Charbella]

Exactly 99% of words on this forum have no truth just hopium. Why people lie about inside knowledge and understanding is a mystery. Losers! Liars! Wingers!

WTF who are you calling losers, liars and wingers?
You are the biggest winger of all. Did bi-polar kicked in again today?

 

[Cumquat Cap]

Exactly 99% of words on this forum have no truth just hopium. Why people lie about inside knowledge and understanding is a mystery. Losers! Liars! Wingers!

Loser

 

[wombat74]

But hang on, some of the 'contacts' have stated quite clearly that Zijin is "out" Now the discussion seems to assume they are still "in"

I'm lost in the loops - not sure which one I'm in again, but Cruiser is right - probably fruit loops

"One local source advised me that “the word is, the President is now backing AVZ and has told all detractors that they are either with us or against us. Also Zijin is now out, Cmoc is out and detractors are out. " Jens Aug 5th

 

[Samus]

What of that video of Zijin sitting around the table with the green one where it was said they were not contesting the 15% but were to be given other ‘fertile’ leases in the DRC? Was about 5 months ago I think.
Damn cloak and dagger shit does my head in.

Yes by extension (secretly) they tried to blackmail cominière and green grub in the letter that was leaked and made public. This couldn't be looked on favourably in arbitration surely and hopefully can be used against them.

 

[Xerof]

Apparently after leaving this meeting they all changed their minds.

yes, superseded by the threatening letter demanding Z get the top half of 13359 or else......60 days to make your mind up MoM, otherwise we insist on a refund

 

[TDITD]

"One local source advised me that “the word is, the President is now backing AVZ and has told all detractors that they are either with us or against us. Also Zijin is now out, Cmoc is out and detractors are out. " Jens Aug 5th

I can confirm this info from Jens that they are indeed 'out', absolutely unequivocally unashamedly out!!!!





Here is conclusive proof they are 'out' this was taken at the latest 'meeting'
as you can see @Nellie17 has played an important role in this excellent news too