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Xerof

1,936 Posts.

1002

08/02/25

12:42

Post #: 77766159
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Originally posted by Rattlerock: ↑

Not sure you’re right Xerof

Your assumption is that the 30.5% equity stake relates only to AVZ,s share of Manono through Green Lithium, but that may not be correct.The restructured agreement between AVZ Minerals and CATH involves CATH acquiring a 30.5% indirect interest in the MANONO PROJECT by being allocated shares in GLH.

The percentage of GLH shares required to achieve this depends on GLH,s stake in Dathcom.At the moment, GLH owns 60% of Dathcom.To give CATH a 30.5% stake in Manono, they would need 51% of GLH.This would leave AVZ with only a 29.5% indirect interest in Manono. If AVZ wins the ICC cases for the disputed 10% and 5% from Dathomir, GLH’s stake in Dathcom would increase to 75%. In this case, CATH would only need 40.67% of GLH to achieve 30.5% of Manono, AVZ’s indirect ownership would increase to 44.5% of Manono.

So, as it stands today, AVZ would hold only 29.5% of Manono, but if the ICC cases go in AVZ’s favour, that would increase to 44.5%. The only scenario where we’d hold more that 50% is GLH owning 90% of the project, this would give avz an equivalent interest in Manono of 59.9%

The difference is wether you interpret this as 30.5% stake in AVZ’s share of the business, as you seem to, Or CATH’s stake is 30.5% of Manono, indirectly through GLH, the exact amount of shares that represents in GLH to be calculated when the 60%, 75% or 90% ownership issue is resolved.

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Agree, 40.67% of GLH currently

The rest is apples and oranges

CATH has no direct interest in DATHCOM, so the control lies with GLH shareholders’
respective voting power

That is my only assertion, based on the current position and provisional findings of ICC and ICSID cases

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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Running discussion on SP, page-84654

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