Naieve or just stupid? The DRC is the PRC. Said it from the get.
Their interests are clearly aligned. Chinese buy all the cobalt...and will buy all the lithium.
AVZ were just the clever hombres to discover and qualify the spodumene cheddar ....but.... it sits on on DRC (& PRC territory in their minds)
Problem that. As they just discovered.
Project can not go ahead unless AVZ eat the 15% loss. For mine its that simple. You can't sue your master. It's suicide. It won't end well. They need to eat it AND offer an earn in....an offer a few "sandwiches" to a few pollies. That's Africa. AVZ dont make the rules in that place.
The bookmaker odds shifted this week.
AVZ Price at posting:
78.0¢ Sentiment: None Disclosure: Not Held