A$10B Cobalt Chemical Market Leader + Nzuri

Looks like I was dead wrong and this was a very material event.

Huayou cobalt invests in Nzuri for A$10m. http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2017-12-14/603799_20171214_1.pdf

Huge validation for Nzuri as a near term cobalt producer.  

Huayou have huge cobalt chemical production expertise, are also very well connected in-country in the DRC and I wouldn't be surprised to see some new doors opened as a result.   Stage 2 grid power?  Stage 2 brought forward?

Pricing -   If I recall, AVZ was close to 9c when Huayou came in at 7c with a free 10c option. It went to the moon shortly after.

Best part - No offtake to Huayou either and no god damn loose shares, we are just as tight a ship as we were a week ago.   Tembo are still well in control and will make sure we extract 200% of what is possible.