Ann: Nzuri secures A$10M strategic investment with Huayou Cobalt, page-18

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Aka23

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15/12/17

09:40

Post #: 29649662
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Originally posted by RedBullish ↑

Here's a good thread to read for existing NZC holders concerned about dilution / raising at a discount. AVZ had just gone through a dramatic rise in price and a lot of holders were fuming that an investment had been accepted below the market rate.

Huayou invests in AVZ:
https://hotcopper.com.au/threads/ann-avz-to-raise-15-million-to-fund-manono-project.3600795/

Klaus Eckhof's comment at the time was this:

"We are extremely pleased to have attracted a strategic investor of the calibre of the Huayou Cobalt Group. They have a proven track record in operating in the DRC, and in developing and financing mines."

Brief summary of Huayou:

Huayou is a fully owned company of Zhejiang Huayou Cobalt Co. Ltd. (Huayou Cobalt) subsidiary. Huayou Cobalt is a Chinese company admitted to trading on the Shanghai Stock Exchange and has a market capitalization of approximately 38 billion yuan (approximately US $ 5.8 billion). Huayou Cobalt's main business is the iron-free smelting of cobalt, nickel and copper. Huayou Cobalt is currently the largest manufacturer of cobalt -based chemicals in China. Huayou Cobalts products are used in the cathode material of Li-ion batteries, in high-temperature hard metals, glass fluxes and glazes, rubberies and petrochemical catalysts. Huayou Cobalt was founded in 2002 and is headquartered in Jiaxing, China. Huayou Cobalt also owns and operates a number of copper and cobalt mines in the South of the DRC and exports concentrates to its processing and refining sites in China.

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Hey @RedBullish,

would you be so kind to post market depth at opening again.

Thank you so much.

Regards from Germany

NZC Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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Ann: Nzuri secures A$10M strategic investment with Huayou Cobalt, page-18

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