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Miljew123

928 Posts.

1115

08/11/22

23:43

Post #: 64659313
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Originally posted by 259774: ↑

To be honest, the stronger attitude we express to go into the production phase, the less likely we will get a mining license. TO is the best and only solution for me.

Manono is not just a mining site now, it is a diplomacy for DRC. Every powerful country/company wants it and there is no way an inexperienced company can get it and mine it. Just imagine how much USD/CNY/EUD/JPY would be transferred into AUD to buy these SC6 from AVZ. This is a big impact on the currency not even mentioning the exploding demand for lithium.

Bringing Zijin into Dathcom could be a positive thing because Zijin would also ask for ML as part of Dathcom back before arbitration. As my friend and I discussed days after TH, Zijin could significantly benefit the construction and keep the timeline on track because they know DRC and they know mining.

As a newborn baby owning such a critical mine, we should have brought as many allies as we can to protect it from being robbed even with the cost of giving away some part of it. I guess none of us realised that (including me). The cost of beating Zijin's offer is by 8% AVZ share + cash (according to social media) equivalent to $166m and that means share is diluted + cash likely not enough = CR. Is there really such a big difference between diluting the share price and letting Zijin get it so we have China on our backside?

After the words from the Minister of Portfolio, I can even imagine what could have been done to AVZ 'legally'. Just announce that Dathomir had been illegally doing something so the selling of 60+10+5% Dathcom to AVZ back in 5 or some years ago is illegal. All done, AVZ has done nothing wrong, all fault on Dathomir. Zijin just needs to pay big money to Dathomir and DRC officials and officially apply for Manono. Everything would be sorted. That would just be a nightmare to me and most of you here.

By the way, I agree that people should blame themselves when they made an investment in places with sovereign risks but that is based on the assumption that the management team has been transparent to all SHs so SHs know how much risk there actually is. I don't think this one has been transparent enough.

P.S. I am still doubting the 23%(approx.) discounted CR for institutions last year. At that time, a discounted CR was very weird. Can you imagine having 20% profit just days after a CR and 80% in 2 months???? That just means the CR price is way way way way below what it should be.

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Wise words simon, we should being corrupt zijin onboard, wow why didnt i think of that one earlier, or nigel for that matter.

You and your profile Mr 259774 sound fairly suspicious, doesnt anyone else agree ?

Small dilution to gain 15% or zijin... hmmm wonder which one id choose??
Jog on with your feeble attempt at pumping a chinese miner who has no regard for its workers or the environment.

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
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AVZ roadshow, page-501

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Sun Silver to kick off drilling next week at 292Moz Maverick Springs silver-gold project

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