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17/10/17
18:53
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Originally posted by Wombat2
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Hi coolgrace
Interesting post.
I have two comments:
1. I think that there is more than one capper
2. As regards a major stepping in, Yes I do think it is possible and Glencore is a possible suspect and already operates in the DRC and could easily absorb AVZ. Only they would know what it would take to "step in" and I wont pretend to second guess what that would be. The European car makers appear to have been stranded without much lithium and therefore are another likely suspect but I think they would do it through a third party such as Glencore or another mining house.
It is a complex matter especially considering Huayou will own about 16% of the company and Dathomir is charged with arranging finance for the infrastructure upgrades. It is hard to see this slipping away from the Chinese companies who currently are doing all the heavy lifting.
Chrs W2
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Speaking of majors:
From ML
$Shanshan & #China Moly only talking to Airguide for battery materials so definately no one else. Interesting days ahead for $AVZ #Lithium .