Maybe I haven't spelt it out well, i..e the way out there funding option hypothesis in pure speculation land LOL, in the past - Manono is held is Dathcom which is registered in the DRC. I suspect Offtakes will be with this entity, with AVZ negotiating the Offtakes.
Equity for Offtakes would therefore be a matter for Dathcom, and that is outside FIRB's jurisdiction IMO as FIRB IMO cannot control stakes in entities listed in another jurisdiction. In other words, I suspect an equity for Offtake would result in a JV stake in Dathcom is my point. The issue with FIRB and Tinayi was that Tianyi was seeking an equity stake in AVZ.
So the other thing to bring on the table is funding options - one option is listing Dathcom itself on another stock exchange btw (not AVZ) but obviously that requires agreement with DRC government and Dathomir. This is a broader concept to discussion here in the past around dual listing of AVZ.
But getting back to my own posts, the above are options, but my view remains funding will be done by a combination of i.) equity for Offtakes, ii.) prepayments and iii.) traditional debt funding. So the above is other options I can think off, especially how you use Dathcom itself for getting the project up (not AVZ itself).
Pure and utter speculation driven by a few VBs, so I have disregarded my own post and my view remains the post before this, unless this helps others in coming up to a theory themselves etc etc.
All IMO
AVZ Price at posting:
5.3¢ Sentiment: None Disclosure: Held