My prediction is funding will come soon after the Met results meaning no further CR will be needed.
I suspect Met results will be held back until after the further 5% is attained (will make this acquisition cheaper).
I think the order of announcements will be as follows...
1. DRC sign off on transfer of 5-10% of JV entirety to AVZ.
2. 5 year tax concession is signed off by the DRC government.
3. AVZ announce outstanding Met results.
4. JV partners open their wallets and mine is fully funded (at least $160m provided in a variety of funding forms including contributions from CATL, Huayou and non Chinese entities) and all parties commit to bringing the mine into production within 2 years.
At that point the SP will be pushing new highs and we will all wish we had bought more at these levels.
GLALTH
AIMHO
AVZ Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held