Ann: Huayou Cobalt Group Increases Shareholding in AVZ, page-59

I'm sensing that China Inc will do anything it can to gain control of our 60% stake in Manono.

Something else to watch out for, in my view, is for other Chinese investors (corporate or individual) sneaking onto the AVZ register. Obviously individuals are more likely to be viewed as investors, however Chinese corporates may not actually be competing against each other if they do so, but actually operating in unison for China Inc.

Buying pressure (on the SP & charts) would show up very quickly if they were to do so, however what's to stop Huayou, Lithium Plus, CATL, Tianqi Lithium, Jiangxi Ganfeng or any other Chinese-related company each taking a 3%-10% stake in AVZ before one of them decides to launch a hostile takeover bid?

If that was the case, it will be very hard for AVZ to defend and then extract maximum value for existing shareholders, given it would be likely that all the Chinese investors would vote as a block.

On the positive side, I'm sure with all that buying pressure if that scenario was to eventuate, the takeover bid would have to be well north of current levels. And probably well north of $0.10 too.