fedor604 wrote: Bmobmobmo wrote: I've don'r my TTX homework this weekend and i couldn't agree more.
Though, i'm curious to see how this plays out....
fedor604 wrote:
... and TTX will be mining soon just like I suspected... And mining on AVZ leases just as I said....
They will be mining it all I think,
CATL along with Huayou take over AVZ and then JV with Tantalex to run the show??
Something along those lines, tantalex has around 60 million tons of decent grade lithium in the tailings they could mine it and start making bank.
[True, Thanks to the recent aquisition. Up until then who's to say they were in a position to do anything except to sell what they have in their warehouse. They haven't come out with any results and are 2 months behind schedule. All they have are results from 1 drill which shows a veiny pegmitite which unfortunately inferior to AVZs results] if they get to mine 600+ million tons of lithium from Manono and then there leases might have 400+ tons of lithium... that’s a billion tons of lithium in the ground with 60 millions tons sitting on top as icing.
I think Congo and Chinese have made choice for its future and could care less about AVZ shareholders as Chinese are in control and it will get taken out for penny’s.
[pennies?!? i hope you are wrong. Definitely it won't be 0.70 + ML was talking about but i think it'll be much higher thatn the current price] They truly need TTX for the export license and the certificates they have for conflict free minerals.
And it’s much easier to raise big capital on the Canadian markets compared to ASX.
[Agree. TTX have slowly been positioning themselves to be the big dog in the hood.] You would get given a lease beside the worlds biggest cobalt mine if you weren’t down with some people over there :).
[True. I think they also have access to lots PR 12460 and PR 12462 which is north of the tailings because of their JV under United Cominiere]. N AVZ just hired a Chinese promoter and he promoted the hell out of it. You haven’t once seen TtX promote themselves.
[haha lets be honest. we haven't seen TTX do much of anything unless they absolutely have to. They are not very forthconig with their shareholders. AVZ also has a deal with JNS to promote in North America. I wonder how that's been going] everyone forget those big Chinese players are controlled by the government.... they will take it out for whatever price feels good to them. Don’t matter what shareholders do as they own majority of shares.
[I don't think they own the majority of shares. I think they own 14% through Dathomir and 10% throough Hauyou, if my numbers are correct dyor] TTX has more then then most Li companies and that’s just the tailings, its ready to be mined ASAP.
and it’s not just Li, it’s tantalum and tin credits to make it more profitable and productive tailings.
[will there be much tin credits in the tailings if that's what they were mining in the first place which produced the tailing?]. only upside from here and can see TTX @ 1-2 range in few months time. Finally it’s been a wait!!
[haha i hope you are right but i remember somebody saying that about NAM which i'm still trying to recover from. But that's here nore there ;) Hopefully, TTX will make up for that loss] hope everyone has been loading!! We’re on the verge of rocketing to dollar range
[Agree & and good luck to all]