Happier Chimes, but yes, patience required, especially with that pilot by the end of the financial year inclusion in the RNS. That was the only thing that made me wince a bit. I'm naturally hoping that we are up and running this calendar year, but AB has given a timescale with more leeway in case we aren't. The basket. Lol.
We do still have funds in the coffers, enough for the pilot plant if I'm not mistaken (from RNS prior) so by that time the sp should be up. I doubt AB will need to, or even consider raising funds at low levels when we have so much in the way of potential news that could raise our value. Any future fundraising must surely be on the back of such news.
I agree. Much happening now and when each aspect is finalised, the value should really increase. There is certainly a momentum building, the background preparation has been excellent by the new team. As ever, better to take one thing at a time with BMR, lessons learned and all that, but from what we've been officially told, yes, a viable business is taking shape. We have the expertise on board that we should have had five years ago. Better late than never, but we have it.
Good post. I agree about Kabwe being a primary target for financial assistance in order to deal with the environmental and social issues. It calls out for it and this won't have gone unnoticed. Finance should not be an issue. I think it's only a question of the market needing to officially know how our project will be funded before it further relaxes its grip on our sp. The bonus going forward is that AB is outlining with clarity just what is occurring on the project. Any financier would want confirmation that the project is built on solid foundations and it now seems we have it right. With MA out of the picture we are no longer jumping from pillar to post on an imaginary 'asset grab', while doing nothing with what should have always been our flagship operation. This will have been noted, not least of all by us shareholders.
Good morning Eric, yes things have to be finalised but we're definitely moving forward, great to see things running in parallel, testing, plant design, Zema, World Bank all going on, they mean business. I really hope that the world bank involvement will lead to some sort of low cost loan as they are committing approx $60 million dollars to cleaning up Kabwe and BMR only need between 1.5 and 2 million to build a full scale plant and are key to the clean up. Patenting the process could be massive too, non toxic discharge that is basically water is a big thing! I don't think there will be any problem with Zema approval, the process is clean, Glencore already have approval for leaching and they are right next door. Like you say it looks better than ever before, we will have a run of news leading up to production and I can't see the shareprice staying this low for much longer as the market starts to take notice and realise this is going to be one of AIM's success stories.
If you look at companies such as GCM, open pit mining in Bangladesh, they claim to have have available cheap finance from international banks because of the countries third world status. Zincox recycles zinc from toxic dust which would otherwise be dumped in infill sites also received cheap finance because of the environmentally friendly nature of the project. So when you look at the environmental disaster which is Kabwe, I can't see finance being a problem, there should be a lot of support for the project.
It looks better for us than it ever has prior, because we are finally going in the right direction to make production a reality, but I would suggest the markets aren't reacting as we would like due to several factors. Just a few thoughts then on our limited upwards sp movement. Namely, we are again dealing with ZEMA before we can fully become operational. By the looks of it too, the processing methods are still being tweaked, albeit higher recovery rates are apparent each time we receive news. This will then hopefully be patented, but it seems, at least it does to me, that they have yet to finalise everything. The additional deposits that can now be processed have yet to be JORCed, so that enhancement in value is on hold. Although the World Bank may be watching, we'll need funding eventually and it may or may not be forthcoming via their assistance. We just don't know at this point. Additionally, do we have buyers already lined up for the metals?
All potentially fantastic elements if they work in our favour, and if they do, that's when I expect a fairer value to be placed on the Company. Maybe we shall achieve higher lows when each of those benefits falls firmly into place. In this bearish climate, perhaps not until. Only a few examples of why we may not yet be moving much at the moment in terms of sp.
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