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78.0¢ avz minerals limited

Ann: Highly experienced John Clarke appointed Chairman, page-195

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cherryburn

1,108 Posts.

190

28/11/19

17:25

Post #: 41691470
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Originally posted by PASBOZ: ↑

"I think most would realise one of my views here is that AVZ need to get non-Chinese players to provide a contestable market for AVZ so as to maximise SH value in the mining development."

Sums up the situation ,
Would 10 to 15% transfer of direct ownership of Manono plus tax incentives for the first 5 years be enough to provide plant funding.?
Leaving AVZ with 55 % ownership in the project.
There is only 1 major company non Chinese ,that already has ties with CATL providing its cobalt .
Major TIER 1 operator / and links with DRC government.

Glencore portfolio has no exposure to lithium, yet it is primary involved in energy.

https://www.glencore.com/what-we-do/energy

This would certainly put a blocking position to Chinese callousing or cheap take over.

https://www.reuters.com/article/us-...ring-ev-battery-supplies-for-vw-idUSKBN19S07F
Unfortunately not attending AGM but would be an interesting subject to discuss with our new Chairman who no doubt is aware of Glencore and its influential position in the DRC
all imo

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The new chairman John Clarke will be somewhat jet lagged having come from Wales for the AGM. I am sure that he is looking forward to joining the company subsequent to Banro though.

AVZ Price at posting: 4.3¢ Sentiment: None Disclosure: Not Held
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