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Ann: Corporate Presentation, page-66

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donegaldemon

3,931 Posts.

1901

07/08/20

15:32

Post #: 46382645
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Originally posted by PASBOZ ↑

https://www.businessnews.com.au/article/AVZ-scores-special-economic-zone-status-for-giant-lithium-project#:~:text=AVZ Minerals has executed a binding 'MoU' with the Congolese,the Democratic Republic of Congo.

History to repeat .
Special Economic Zone was established also when Glencore moved into cobalt /copper mining in the DRC.
The above article highlights the willingness of Government to get Manono to mining .
If 10% holding from Cominiere is required a matter of the term sheet being amicable to all parties.
BUT who is or are the financier/s in the background.?
The 4 months time is overdue and you do not seek tenders for pre mining infrastructures unless you are confident to proceed forward.
https://im-mining.com/2020/06/24/avz-readies-infrastructure-tenders-manono-lithium-project/#:~:text=AVZ Minerals has issued a,collectively worth about $300 million.

The MoU currently has a 12-month term and it can be terminated in the event of non-performance by either party. AVZ management will collaborate with government representatives over the next four months to define the geographic area and all essential infrastructure in the zone, including water, hydro power, roads and the Manono leases.
AVZ said that, as the developer of the zone, it would be eligible for additional benefits from the Congolese Government, as opposed to being purely an investor in the zone. AVZ said it plans to install a manager to run the zone under contract on behalf of the joint venture between the Government, a financier and AVZ.
ALL IMO

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Maybe might make more sense to obtain the 10% from Dathomir and eff them off altogether, then AVZ only have cominere to deal with ?

AVZ Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Ann: Corporate Presentation, page-66

Top Stories

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Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

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