AVZ Discussion 2022

[oxxa23]

Whether the ordinary shareholders vote or not is ultimately irrelevant. Nigel can’t make this decision alone. He needs the approval of the major shareholders, especially the Chinese, who hold the largest stake.

It may not be a decision... we may get compensated... we may choose to accept that compensation rather than fight in court...

There is nothing to suggest any shareholders at all will get a say... including the large shareholders and Chinese

 

[Misfits]

Announcement tomorrow

 

[Mr Clean]

From the crapa.​

AVZ moves step closer to great escape from the DRC​

Brad Thompson

The disputed AVZ Minerals lithium project in the DRC.


Gift this article0 Comments
42 minutes ago

Perth-based AVZ Minerals and the Democratic Republic of Congo have suspended their bitter legal battle over a giant lithium project as the US closes in on a critical minerals pact with the troubled African nation.
The US pushed AVZ and the DRC to find common ground as part of its desire for the lithium prize to end up in the hands of an American company – and not in the clutches of Chinese interests.
The suspension of legal hostilities takes AVZ a big step closer to having its permits over the southern portion of the Manono Project returned so it can be on-sold to California-based KoBold, a company whose backers include Bill Gates and Jeff Bezos.
AVZ and the DRC’s state-owned mining company hit pause on legal action in the International Court of Arbitration of the International Chamber of Commerce until June 23 in a sign of goodwill, and will negotiate on the return of the Manono permit.
The prospect of a peace deal sometime in the next four weeks also suggests a timeline for a deal between AVZ and KoBold, who are in negotiations about the sale price.
The market valued AVZ as high as $4.6bn in 2022 amid a lithium boom and excitement around Manono that drew in more than 21,000 investors.
The company’s stocks tumbled and it was eventually de-listed and hit with disputed corruption allegations after losing control of the massive hard rock deposit that has been likened to the world-leading Greenbushes lithium mine in Western Australia.

The disputed AVZ Minerals lithium project in the DRC.
Investors now appear well on track to receive some return based on the thaw in relations between AVZ and DRC officials, and lobbying that garnered US support for Nigel Ferguson-led AVZ.
The Australian first reported in March that the Trump administration was poised to insist control of the southern part of Manono be handed back to AVZ, in a move that risked provoking a backlash from China.
The Trump administration and the DRC are now close to signing a critical minerals pact after DRC President Felix Tshisekedi sought US protection from Rwanda-backed M23 rebels that had overrun parts of his country.
The US State Department published a declaration of principles between DRC and Rwanda that provides a framework for peace, and AVZ and KoBold confirmed they were working a deal on Manono since The Australian’s exclusive report.
The United Nations estimates more than 71,000 people fleeing violence in the east of the DRC have crossed the border into Burundi since January.
The US wants AVZ and the DRC to drop any legal action before a sale, with the ceasefire in their arbitration case pointing to a breakthrough on that front. It appears Chinese mining heavyweight Zijin will be left alone to develop the northern half of Manono.
However, AVZ will have to talk with Chinese battery-maker CATL, which listed on the Hong Kong Stock Exchange last week, about the sale to KoBold. A CATL subsidiary owns part of AVZ and, through a deal revised in January, helped fund the legal fight with the DRC.
It was reported on March 30 that AVZ could on-sell the Manono project to KoBold for up to $US1.5bn.
However, the sale price remains unclear and complicated by geopolitics, further weakness in global lithium markets and the possibility the DRC could ignore any adverse ruling if the international arbitration case were to continue.

Surely it’s higher than the $1.5 billion US number the Australian put out on March 30. Can anyone speculate how they just simply came up with that number? A credible leak or a journalist guess?

You would hope Nigel has suspended arbitration with a much better deal locked in than 1.5 billion US. It’s merely 15% of the compensation / damages claim we we seeking in the courts

 

[Misfits]

Looks like there could be an announcement tomorrow

 

[Dave Evans]

** SPECULATION **

I have tried to stay healthily skeptical over the last few months as to not jump the gun but I had some pineapple juice this morning which caused an out of body experience so now I'm fully on the "deal is done" bandwagon

• Kobold & AVZ non binding letter to rapidly progress and agreement
• ICSID now pushed to the week after the peace deal
• Zijin (manono lithium) posting that mining development and operations to begin from July 1st.... 1 week after ICSID starts date
• To get a deal done this quickly, China will have to get some piece of the pie

I can't see how after the peace deal, there will be a separate deal for us, 1 week won't allow it and we'd have to push the ICSID out again. IMO it's packaged up with a big bow tie as part of the peace deal, giving Trump a free reign to announce to the world "we will develop the largest lithium mine in the world". If the DRC pull out now, it will look BAD for the US, so our ICSID case is also being used as leverage by the US IMO.

So long as we get a fair price (look at the 2 trillion dollar deals with the middle east recently, I think we will be paid fairly regardless of some news articles stating differently), everyone in this scenario is a winner. We all wanted to use ICSID as leverage and it seems like it worked.

Hats off to Trump, Marco Rubio, Boulos, the rest of the US and dare I say it... Congratulations to Nigel and the team. I think it's time to pay out this bet early because it's already done time to get the bubbly ready.

If I'm wrong, I shall be exiled by TSE in July

I agree with you @Scoota30 The deal’s been done, was months ago and no one else is, or was in the picture to take the deal away from KoBold.

The only thing I disagree with you about is I believe it’s low-ball offer around $0.66c not a fair price. It makes no difference what price people say on social media, whether its $12, $3.50, $2.50 a dollar or whatever, it’s not going to make any difference. The price and terms have already been agreed to and there’s no talking it up or down.

I’ve been here on TSE the whole time supporting Nigel and the BOD, fighting the corruption, and supporting the value of our project but there comes a time when you know nothing more you say is going to make any difference, you’re sick of being moderated and you know someone with 50million shares isn’t going to fight for value the same way as someone with only a few million shares.

In the end it’s no use even thinking I put more than double my own money in than what Nigel did, its not going make any difference to any agreement.

I don’t need to be wrong about my comments to put myself into exile. I’ve gotta put my focus on getting on with living life and I’m trying to start accepting getting ready to get screwed again,

At least I’m happy to exile myself after giving a last opinion.

 

[Mining8]

Nice to see you back mate, always liked your posts back in the elysian days when AVZ HC threads were at its finest........until it was not.

Thanks Beisha,

Been a long road, and a great strength that AVZ management under Nigel and its shareholders have fought tooth and nail against unbelievable odds.

Was thinking whoever buys us out are getting an unbelievable resource. China has flooded the market with absolute crap lepidolite:

where it costs over double to extract the lithium compared to our prime spodumene resource:

1. the motherload

2. at and near surface, homogenous, of the highest grade with minimal impurities so the most economic to mine and easiest to extract battery grade lithium with minimum beneficiation.

3. They don’t have to spend YEARS exploring to find a resource and obtaining a DFS with a mine/plant design etc. and then exploring DOES NOT GUARANTEE the motherload.

Anyway seems we are close to a deal. Fingers and toes crossed.

Cheers, M8

 

[wombat74]

I agree with you @Scoota30 The deal’s been done, was months ago and no one else is, or was in the picture to take the deal away from KoBold.

The only thing I disagree with you about is I believe it’s low-ball offer in the $0.60’s, not a fair price. It makes no difference what price people say on social media, whether its $12, $3.50, $2.50 a dollar or whatever, it’s not going to make any difference. The price and terms have already been agreed to and there’s no talking it up or down.

I’ve been here on TSE the whole time supporting Nigel and the BOD, fighting the corruption, and supporting the value of our project but there comes a time when you know nothing more you say is going to make any difference, you’re sick of being moderated and you know someone with 50million shares isn’t going to fight for value the same way as someone with only a few million shares.

In the end it’s no use even thinking I put more than double my own money in than what Nigel did, its not going make any difference to any agreement.

I don’t need to be wrong about my comments to put myself into exile. I’ve gotta put my focus on getting on with living life and I’m trying to start accepting getting ready to get screwed again,

At least I’m happy to exile myself after giving a last opinion.

It will be more than 60c .IMO

 

[Hodlandwin69]

How would we even get the payout?
As far as I'm aware AVZ don't have my bank details. Will they send a cheque in the mail because mail is trash.

 

[Hodlandwin69]

All depends on the details of the deal, but regardless of that you should be hooking up your details and shares to an Automic account for a start

Yeh done that of course.
But looking on Automic, there's no place to add financial details. Only personal details

 

[Randenj]

Yeh done that of course.
But looking on Automic, there's no place to add financial details. Only personal details

If you've bought any shares that pay dividends you'll need to put your bank details in if you don't want them paid via cheque.

Do it once , they'll have them for all

 

[UtterMoron]

I have brokerage acc so presumably any payout just goes to that account and I can withdraw from there

 

[Hodlandwin69]

If you've bought any shares that pay dividends you'll need to put your bank details in if you don't want them paid via cheque.

Do it once , they'll have them for all

sorry, I was just being dumb, found it

 

[wombat74]

I reckon surely Nige got us abt $1 at least(I'd hope at least ATH all things considered), at around 60cents he'd be leaving the door right open to class action. I also think Jens etc talk of $1 was an attempt to butter us up in readiness. I wont be totally shocked if it's lower but boy will I be pissed. To suspend the court cases and then throw them out the door for around 60cents would be a huge kick in the nuts and I wouldnt blame anyone who wanted to seek a class action, our big Chinese holders I reckon will be extra pissed, surely they either want to mine this, steal this, or be well compensated, along with our fund holders who bought in at a higher price in the latter stages, and what about CATH, I have no idea how any deal will result in them getting a piece of the pie, but will they be pushed aside and watch us sell for 60cents or do they have another plan up their sleeve...nfi. Surely someone(RIO, Arabs, Friedland, etc who could slip in under the same security for minerals deal as part owners) can do better than 60cents, 60cents is utter trash.

We can speculate all we like for the next 3-4weeks (or until something leaks), and Im sure we will, but of course we are all just stabbing in the dark.

Fuck 60 cents, Just my two bob

If a class action would result in AVZ $$$ being frozen (for potentially months /years ) I doubt Nigel would have left us open for such a scenario. IMO

 

[Jacob Kiraz]

I have brokerage acc so presumably any payout just goes to that account and I can withdraw from there

When are we closer to a deal where all this mess is sorted a d we get some cash back

 

[Dazmac66]

I reckon surely Nige got us abt $1 at least(I'd hope at least ATH all things considered), at around 60cents he'd be leaving the door right open to class action. I also think Jens etc talk of $1 was an attempt to butter us up in readiness. I wont be totally shocked if it's lower but boy will I be pissed. To suspend the court cases and then throw them out the door for around 60cents would be a huge kick in the nuts and I wouldnt blame anyone who wanted to seek a class action, our big Chinese holders I reckon will be extra pissed, surely they either want to mine this, steal this, or be well compensated, along with our fund holders who bought in at a higher price in the latter stages, and what about CATH, I have no idea how any deal will result in them getting a piece of the pie, but will they be pushed aside and watch us sell for 60cents or do they have another plan up their sleeve...nfi. Surely someone(RIO, Arabs, Friedland, etc who could slip in under the same security for minerals deal as part owners) can do better than 60cents, 60cents is utter trash.

We can speculate all we like for the next 3-4weeks (or until something leaks), and Im sure we will, but of course we are all just stabbing in the dark.

Fuck 60 cents, Just my two bob

Are you sure you mentioned 60c enough times in that post!!

 

[Spikerama]

I reckon surely Nige got us abt $1 at least(I'd hope at least ATH all things considered), at around 60cents he'd be leaving the door right open to class action. I also think Jens etc talk of $1 was an attempt to butter us up in readiness. I wont be totally shocked if it's lower but boy will I be pissed. To suspend the court cases and then throw them out the door for around 60cents would be a huge kick in the nuts and I wouldnt blame anyone who wanted to seek a class action, our big Chinese holders I reckon will be extra pissed, surely they either want to mine this, steal this, or be well compensated, along with our fund holders who bought in at a higher price in the latter stages, and what about CATH, I have no idea how any deal will result in them getting a piece of the pie, but will they be pushed aside and watch us sell for 60cents or do they have another plan up their sleeve...nfi. Surely someone(RIO, Arabs, Friedland, etc who could slip in under the same security for minerals deal as part owners) can do better than 60cents, 60cents is utter trash.

We can speculate all we like for the next 3-4weeks (or until something leaks), and Im sure we will, but of course we are all just stabbing in the dark.

Fuck 60 cents, Just my two bob

If I didn't know any better, I might have reason to believe you are entering this years Google SEO Search Word Awards.

You sure you mentioned 60c enough?

 

[Spikerama]

Are you sure you mentioned 60c enough times in that post!!

Hah. Jinx.

 

[Samus]

Are you sure you mentioned 60c enough times in that post!!

Why are you guys talking to that fucking troll who is reporting and wiping everyday users content from the forums along with his other alias j19?

He needs to be gone or this place will be fucked.

 

[LOCKY82]

Why are you guys talking to that fucking troll who is reporting and wiping everyday users content from the forums along with his other alias j19?

He needs to be gone or this place will be fucked.

Just report, don't bother engaging

 

[Spikerama]

Why are you guys talking to that fucking troll who is reporting and wiping everyday users content from the forums along with his other alias j19?

He needs to be gone or this place will be fucked.

Everyone deserves the chance to rationalise their reasoning.

That said, I don't like their survivability chances against the morning brigade if they don't change their tune.