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29/09/21
06:45
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Originally posted by C-Dog:
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IMO I believe your assumption is correct, However that’s why I also believe based on Felix Tshisekedi’s Speech at the UN that the DRC will relinquish 15% of their 25% ownership to AVZ under the SEZ ( at a favourable cost - potentially another reason why AVZ have held back their updated BFS ) Felix is not looking for Charity, His country is looking for Win/Win Partnerships It’s hard to digest a Win/Win Partnership if AVZ & CATH(L) have to stump up 100% of Capex and the DRC are not liable for any expenses despite owning 25% of the project Given the amount of money AVZ will inject into the Manono economy through, direct employment and indirect employment ( think of other businesses like local takeaway shops that could feed the mining staff etc ) Local School & Hospital support through the AVZ Foundation etc…. Tax incentives alone, Albeit nice to have for the first 5 years during start-up phase will be welcomed by AVZ, However I am expecting more from this SEZ ( Watch This Space IMO ) AVZ by virtue is now the showpiece for the DRC and it’s clear the entire world is watching and needs our product Green Lithium coming to a battery near you courtesy of AVZ Minerals ☺️ Oh and I nearly forgot the TIN Cheers
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From the announcement: "AVZ holds a 75% interest in the Manono Project and pre-emptive rights over the remaining equity interest in the project, excluding the DRC Government’s 10% share. " Does this imply we could potentially go as high as 90% at some stage? Of course, 24% now goes to CATH once done. would be extremely happy if AVZ can have 66% left.