Ann: Trading Halt, page-55

"There are two different types of people in the world, those who want to know, and those who want to believe."

"Sometimes people don't want to hear the truth because they don't want their illusions destroyed."

A TH for beneficiation results? Really? Seems very convenient at this juncture.

IMHO, the TH will be extended (for a financing announcement) and then lead to suspension, in the vain hope of an out. IMHO, eventually the BOD will gamble on making a veiled BS ASX Ann. late May, in the hope the options get exercised.

The great tragedy here (despite Elphamale's Sunday crocodiles tears post) is that mums and dads who got sucked in by the resident spielers here, don't get a chance to escape.

Yinbin Tanyi and associated nominee entities will not defy the "creep provisions" of the ASX to gain control of AVZ. They are being watched.

Recent newspaper articles are merely paraphrasing the ASX Ann.. The AFR went one step further to ask the Treasurer. He's a politician, they either deflect or forget. You don't turn every spark into a bushfire. In this case, why would he comment on a pennydreadful (based in a country with a history of human rights abuses) seeking finance from a contentious source? Yinbin Tanyi withdrew their application FULL STOP


The question remains:"The DRC Government own 30%. Another Company has a 5% interest and AVZ has the remaining 65%. So how much of that 65% is an incoming equity participant going to get for their $A1b?"

At present, a buyer could (theoretically) buy the entire Pilgangoora (PLS - 430MC & AJM - 130MC) for $A560m. Sure they'd take on debt of $A360m however they'd also get PLS's cash of $100m. So theoretically $820m in value for 100% of the Pilgangoora. However do you really expect someone to pay $A1b for 50% of Manono, notwithstanding the opportunity cost, EPC, Production and sovereign risk of doing so?

The AVZ DFS was the Manono deathknell. Yinbin Tanyi ran when they read it. As will future investors now.


The Chinese already own half of Mt Marion as well as large investments in PLS and AJM. It is not in their interest to see these Companies fail and they have to source their product from somewhere. PLS & AJM costs plus freight is less than Manono DFS costs and freight.

https://hotcopper.com.au/threads/good-news-bad-news.4835087/page-5366?post_id=44252316

GXY has one of the best Brine resources of Lithium in the world in (the partially developed) Sal de Vida. Also hard rock James Bay and the producing Mt Cattlin. It also has some $A200m in cash. Yet its MC wallows at under $A300m.

The world's major OEMs have signalled they do not want Lithium sourced from unethical regions. BMW and VW have been very specififc on this point.

The Lithium market is in the doldrums. Manono won't be looked at for years. AVZ has little or no cash and the May options will lapse without exercise.

I'm only concerned with the truth. Facts don't have feelings. I'm sorry but I never apologise.