no I didn’t!
dig up my post where I said that, rubbish
what I am saying is that per AVZ’s own recent Ann, we know that pit drilling assays are something that need to go into the mining permit application.
because we know this, and because the pit assays have not come back yet, we can imo safely assume that it is perhaps 3 months until the mining permit will be granted
and if it is 3 months away, then that means at least 3 months until FID
it would also mean imo 3 months until $50M USD or more in project finance could be transferred across to avz, which would mean imo 3 months until the 15% equity in Manono could be paid for
there is nothing sensational about the above. Even Nigel in his video 5 weeks ago referred to March 2021.
but my concerns are that this gives a lot of bargaining power to prospective offtake and finance partners because without them a capital raise for as much as $30m AUD will be necessary imo
i think its better to do a raise now, pay for the 15% and delay offtake until the lithium price recovers
anything sensational about this?
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