KoBold Makes Offer for Congo Lithium as Country Courts US, page-2289

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wombat74

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29/05/25

16:46

Post #: 79239939
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Originally posted by Gouldians ↑

I'm the goose....????

So Zijin know what the project it worth (apparently USD850M for 15%) but AVZ and Nigel think its worth a lot less and therefore agreed to sell 30.5% for USD259.25M?? Is that what your saying?? Now that sounds a bit stupid to me.

And as far as development costs go, CATL aren't paying it for free. They are agreeing to cover the costs which will need to be paid back as per the AVZ announcement on the 8th of Jan 2025.

"In addition to the cash consideration, subject to certain conditions, CATH may contribute all project
development costs to the Phase I Manono Project joint venture pursuant to a capital expenditure
funding agreement to be agreed between CATH and GLH. Under the capital expenditure funding
agreement, and should AVZ not wish to contribute its share, AVZ’s pro-rata share of project
development costs may be accounted as a loan from CATH to GLH attracting interest at a rate standard
for facilities of this nature and not greater than that applied to the CATH facility unless the actual
funding costs at the time are higher. The loan from CATH to GLH will be repayable from profits from
the Manono Project"

No need to get angry but I hope this helps to clear up your confusion.

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I'm not angry . You just don't know what you are talking about . You thought AVZ was toast . You got it wrong . You don't own the stock . Here is a quote from you in a previous post . You tell me if you are a goose .
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"Think about the universe with no edge…it blows my mind because everything I know has an edge. Now think about a world where you don’t have to follow rules…might blow your mind because everything you probably know has rules. Welcome to Africa!! They make the rules up as they go and what are you going to do about it? Huff and puff? I don’t think the DRC cares what the rest of the world thinks about them."
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lol . Yeh buddy you are one big goose alright . Like the rest of the clowns on here you got it wrong .And you can "Huff and Puff" all you like .

Last edited by wombat74: 29/05/25

AVZ Price at posting: 78.0¢ Sentiment: Buy Disclosure: Held
23 Upvote

2 Great analysis

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KoBold Makes Offer for Congo Lithium as Country Courts US, page-2289

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