Ann: AVZ Signs First Lithium Offtake Agreement, page-230

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Mouthpiece

231 Posts.

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30/12/20

02:24

Post #: 49855836
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Originally posted by Zardoz: ↑

Just look at all that I raised. Nobody has dealt with the issues.
You don't get firm debt offers without all due diligence being done. How do you raise debt for a power plant, as they say they plan to do, when a quirk of DRC law says a local has to own the company? And other similar issues I raised. You can't raise debt on expectations of tomorrow's prices. Project finance doesn't work that way.
What are the answers?
The only one I can think of is a non risk based banker/investor providing funds out of the blue. Don't grow on trees but may be out there based on today's crazy market.
The project is not in Perth it's in the DRC, so you have to meet their laws and deal with anti bribery laws etc. if you pay somebody to get a deal somebody is on their way to jail.
I bought this company with a swag of other lithium shares a while back then read the huge DFS summary lodged and did my dd of DRC including talking to people who ran copper mines there then went whoa, they aren't even disclosing real material issues. DRC is not even normal for an African country. It's way out there. it's 168 worst of 179 on the Corruption Perceptions Index.
What mining project anywhere in the world has this management team developed or operated?
Can't even sell it to the Chinese.

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Yes there are still risks with investing in this part of the world. With every announcement those risks diminish. On a barebones level Management have proven they are not full of s*&* and this project has legs. I/we on a internet forum can not help you see the forest from the trees. Only you can do that. Yes there are still risks but it's all playing out in AVZ's favour. Go with your gut and invest or go home. Not our job to convince you.

Last edited by Mouthpiece: 30/12/20

AVZ Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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