Samus
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Hi mining8, sounds like you've gone from being one of the biggest AVZ pumpers off all time to softening up like Jens because times are a little bit tough.AVZ Warriors,
I realise that it has been a long road for everyone, financially and mentally and I have the greatest sympathy for all sufferers. For instance, I have had to sell assets to keep me and the misses afloat and we are starting to run on fumes. While the ICSID option sounds good($10 billion) it will not give you the desired result. For one, it will be a long road(years) and I bet you London to a brick on that you are not going to get money out of a broke DRC. We are just fortunate that the Trump administration has realised the importance of securing critical minerals and preventing China owning them and dominating the supply chain and price, and our unique mammoth once in a lifetime deposit is right in their cross hairs. Therefore I think the Kobold offer and any other American interest(a non-binding interest can bring other bidders) is a God send and I would gladly take the offer knowing that this really is the only way out. From what I understand in articles we could be looking at weeks to a few months when all is signed.
How great would that be for long suffering holders considering we have had to wait 3 years!
Bison is right to say we do not know the Kobold offer so why presume anything......but I will say this:
The price of lithium has fallen dramatically since the boom as you can see in the share price of our competitors; it is a buyers market. Sohh....as much as we have the largest deposit globally the lithium price must be considered, the fact we do not have a mine yet, as well as a discount for sovereign risk. I am just being realistic and think this is honestly our only option, and who knows what the price will be.
Sincerely, M8
ICSID is good leverage for negotiations and should help establish a baseline. Those DRC scum shouldn't get away with their rampant corruption and at least if something 'else' goes wrong we've got the backup that the world bank can try to recover our damages.
DRC agreements are worth a piece of piss, that's the biggest lesson we've learned.
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