AVZ avz minerals limited

Running discussion on SP, page-84643

  1. 13,400 Posts.
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    Now yes we all should stick to the FACTS ....!!!!!!!!
    Now who is CATH, and how do they fit in the PICTURE..??

    Chinese firm, Suzhou CATH Energy Technologies (CATH), is part-owned by the most prolific lithium battery maker in the world, Contemporary Amperex Technology (CATL), and has a real interest in actually building a mine and producing lithium.

    As far back as September 2021, CATH agreed to invest some US$240 million (AU$366.7 million) to build the plant in return for 24 per cent of the project, eventually taking AVZ’s 75 per cent share down to a still-controlling 51 per cent.
    But now that agreement has changed
    Revised TIA
    Consideration
    Under the terms of the revised TIA, CATH will acquire an indirect 30.5% interest in the Manono Project,
    through the acquisition of shares in GLH (a wholly owned subsidiary of AVZI and the holder of legal
    title to AVZ's interest in Dathcom), for cash consideration to AVZ of US$259.25m
 
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