Will there be other news before the DFS?Or will it home as a package in the DFS??Anybody know?I guess it will make little difference in the end, a few leaps in sp or one enormous one?
Peakview, me too! My view is that if the economics of the project are compelling enough then the finance will materialise. With cheap local coal and carbonate and a great iron ore resource (with Vanadium and possibly Titanium credits) BAO in on track to be the cheapest producer of pig iron in the World by a wide margin. Patience should be rewarded here and hopefully H1 2015 will be very rewarding for us shareholders.
Lectures on patience are wasted on me, as I have been in here for nearly 5 years now after a personal visit to Tete in the early days. I am with Tru on this one, and 8.0p was a figure just plucked out of the air Trade as a marker on the way upwards. I would need far better than this to even hit the average, so its the long game, but very confident that the expected news will bring all the BAO faithful some positive movement.
Lots of positive news flow to look forward to in the run up to DFS. The elections will have delayed some steps such as the mining licence but with the excellent Govt relationship BAO has developed, this will be on the agenda soon. The testing results exceeded expectations with further good news on the by products ,so any delays in announcing were for the best possible commercial reasons. We have seen clear evidence of Investment committed in many sectors in Mozambique and the political stability will make this attractive for further overseas Investments. BAO is well supported by Redbird and IFC . Exciting times ahead for the shareholders as we move into the next phase.
Anything that adds value and supported with data trends or fact is good enough for me dos although I don't understand it myself - it's always good to get a different take so it's a yes from me - Although that said the my own comfort blanket always has been and always will be the resource ,the well planned and carefully thought out de risking process, and the fact that Amed and Redbird both paid 15p on the past couple of fund raises not forgetting of course the IFC stake at 15% - furthermore it's now been pretty much proven that a relatively low cost quality pig iron product such as this is far superior agent than iron ore and realistically why wouldn't the bigger steel producers want a slice of this ? - the concern albeit a minor one in the longer term is that the test results were expected in August and actually came out in October which may ultimately delay the DFS and It is possible that if a financing option is not announced fairly soon - then maybe some dilution will happen - that said I can't see cash burn being too high at present as the only focus is the DFS and unless some serious mishaps have occurred then I can't see why that wud create a major cash call at this time - as expected the market will always price in a delay if timescales overrun and if it is early 2015 then that's maybe why the sp has tailed off and understandably so - but it cud be anything at this stage - what reassures me is that the last couple of updates have carried significant bullish tones despite the delays and as I have had absolutely no reason to doubt our Ben over the past few years - why would I do so now ? I've just got to be patient - still lots of news due re transport, mou's etc so keep the faith chaps I say GLA
I agree it might work on FTSE stock but the AIM has a mind and will of its own, well the mms anyway, Anyone else thinking wee may not see the DFS in this quarter as we all hoped for ? the lack of news has been slow and behind schedule so far, if it fails to appear that will depress the price even futher, that brings into question the cash flow, we cant go on forever with no income, . I read somewhere that BJ said we were finalising a few things, crossing the T's etc, but we are getting to the end game now, and need something, or else it will be a case of say hello WAVE goodbye to our investments,
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