Bottom line lads
As Nigel said....
AVZ- 66% or 51%
DRC 10 CATH 24 JCheng/Cominiere 15 AVZ 51
OR
DRC 10 CATH 24 JCheng 0 AVZ 66
<img src="blob:chrome-untrusted://media-app/42708c1c-2856-4db3-9852-b8f6698ebd36" alt="Screenshot 2022-05-12 14.08.39.png"/>
For us to fall to 36 JCheng would have to get a 30% stake, or JCheng 15 and Cominiere 15%
How the hell does JCheng / Cominiere get to 30 for us to fall to 36?
( DRC 10 CATH 24 JCheng/ Cominiere 30 AVZ 36
The only way I can make this work is if the 15% additional stake in Dathomir, which took us from 60 to 75% is rebuked. But how can it be when the sale has gone through and is registered by law in the DRC?
AVZ Majority Interest: The Manono project is held within DRC registered
company Dathcom Mining SA. which is currently owned 75% by AVZ Minerals
and 25% by La Congolaise D’Exploitation Miniere SA (“Cominiere”). AVZ
increased its interest in the Manono Project in 2019 and 2021 from 60% to 75%
by exercising its options to purchase Dathomir Mining Resources SARL’s
minority 15% shareholding in Dathcom for US$20 MM. In its September
Activities Report,
AVZ noted that the share certificates for this increase had been
awarded and registered at the courts in the DRC.So, for AVZ's ownership to fall to 36%, the original 15% purchase from Dathomir, which is done and dusted and filed with the DFC courts, has to be somehow overturned
ANDJin Cheng would have to prove in Paris how the legally aqcuired 15% stake from Cominiere, in front of AVZ, who had first right of refusal???
All a real longshot to me.....
I would rather be on AVZ's side of the fence than theirs!!!!!
Stinks of grubby desperation, dirty tactics, bribery, deception, greed and corporate thuggery. Who the hell would want to be in business with these XXXXXXX's
Personally, I would prefer the CATH deal do fall over or be renegotiated.
Its worth more than $240Mill, and if all other avenues are exhausted, and it meant we kept the controlling interest, so be it. Keeping control of this asset should be Nigels #1 priority, and he and the board know this.
As time progresses and the lithium supply is proving harder and harder to secure, there would still be major players falling over themselves to crunch a deal with AVZ.So, Its all FUD lads. Even the Fin Review has it wrong...they're bloody useless anyway.
Stick to the facts.....
Now, lets sit back and watch the shorters burn, in anticipation of a positive outcome from arbitration.
Good luck everyone.
