They have stated that in RNS's yes. But wouldn't it be preferable to own the assets outright if possible without being beholden to another? The warrant money will need to be allocated somewhere. If they had raised £1m Star would have been ideal? Would investors be angry if they said they had changed their mind and we're not going to use loan facility for Star? Unlikely. Anyway, it's a moot point as they didn't raise enough. Just my thoughts.
You could be right Jeremiah. My opinion is that they were holding off on Star to see how much they would raise from the warrants. I get the feeling they would have liked to pay cash for Star from warrant money and not have to use any ACI borrowings yet. They didn't raise enough so will need to make the other half up somehow. Maybe they will use the loan facility. Hopefully we will find out soon.
The presentation was a good watch and thanks to those who posted the link. There is a very positive vibe around this share at the moment, but I was pleased that the presentation recognised that Kabwe and production was key. At this moment in time everything else is a very tasty icing on the cake! I first invested when the intention was to process and sell the washplant slimes (a long time ago). Still waiting for that production. It appears that production and revenue generation is closer than ever so maybe worth the wait.
Acquiesce. Kabwe has numbers, Star if the in situ, zinc only, is 270,000 tonnes and similar yield to Kabwe dump processing takes us to the $3,000,000,000 mark, now that's a number. 4.7g/t for all that rock one gets a wedding ring, then it's better left where it is. It's the repercussions of such a symbolic gesture and that gets one from the rock to the hard place LOL's
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