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Sanchez599, BKT are taking a phased approach to their facility and relying on revenue from Phase 1 to pay for phase 2, and repeating the process until 6 workstreams are installed. Don't know how physically close and what road infrastructure is like, but ACP should try to contract BKT to process their bulk feed. Save building a plant themselves. Investors are still waiting on news of Phase two of the FEED, nearly a year after Phase 1 FEED complete. The information provided by FEED Phase 2 dictates the funding levels required and should give an idea of cost and time schedules. BOD need to get this asap.
Whatever they're too busy with is not for me to say but it's not Armadale Capital in my opinion. Small trades push the sp up and down. It's not LTHs I think. We need news certainly but I'd like specific news. I'd like to see photos of the mine site before the planning permission was granted and now to see whether there's been activity or not. We have a mine extension application in now which would in all likelihood make this, and the potential is good already, an extremely attractive proposition but the mining authorities will want what I've just asked for won't they? I would in their position. They'll want, I imagine, to see what's happened since the licence was granted because if it's nothing or next to nothing they'll at best delay a decision until intent is proven and if there has been activity and there is something to see, shareholders have every right to ask why they've seen or heard nothing and to question the ability of the board to do their job and get this mine moving.
Excuse me $680m shouldbe $780m (apologies)
For clarity - I have updated the post below.
BKT has an NPV of $1.16bn vs $430bn for ACP - so 2.5x multiple. (as oppose to a 5x multiple in SP's)
The BKT NPV includes a whopping $337m in Capex vs $40m for ACP. If we remove those we are left with $780m vs $390m (a 2x multiple)
When you adjust the basket price to match BKT, this adjusts the NPV for Mahenge to $564m (Less Capex $524m vs 780m. Thats about a 1.5x multiple.
Also bear in mind that there is likely coming an upgrade to ACP NPV post-Xinhai test work and with the new expolration areas.
We have warrants being actioned until mar 12th
News after that would be appropriate
Blackrock have an npv that is multiples of ours
So is their share price
Currently sat on a £109m MC. Only a mere 500% rise away now...
There's value gaps and there is the grand canyon of value that is the upside here if our BoD can actually deliver some market friendly newsflow.
It was cheap at the last peak of 5.58p.
Yeah for some reason they like printing lots of ACP prints as sells lots of the 3.899 was buys earlier. If you could make us go up rest of the week scotsknight no pressure
Normally the share price drops whenever I buy any. It got so regular that I was seriously thinking of giving everyone notice of my intention to buy. I see its showing as a sell.
Just topped up just below 4p and share price jumped immediately after. Not seen that before.
So..... Today changed tack.
Was adding under 5p. Today adding under 4p.
Thinking longer term. Suspect a growing 2Mill @ AVG 4.53 now will eventually come good?
If not, then so be it.....
Be nice to see some new comms from the company here though. Do agree
Regards.
Nothing wrong with with the company. Just look around, most shares down today.
I think the whole market is being dragged down by the uncertainty over the situation in Ukraine. Let's hope Russia does not invade.
wtf is going on ,potential is massive
Did not expect to see these prices again! Funds coming in this week so will be topping up.
Don't get me wrong, I am here for the long term, with full confidence in the ability of our Mr Matt Bull-dozer.
Only wish he would stop dozing and get moving.
I've held TGR before I sold on the big run up this year way to early, I'm not hating on TGR as such just I personally think it's pretty scummy to cross ramp on here. Funding here will done this year for sure and won't be very dilutive the mining licence taking for ever slowed us down for sure . Just leave this board to the trolls please.
Hi Devil yes WSBN very high risk boom or bust situation but not advising to buy that my friend. My % allocation reflects the risk profile. I rode ACP from 1p to 4p a few years back (check my history) so probably know more about it than you. And the first thing is how slow they move. Funny how when PJ the pumper the left board the SP stopped climbing. MB unfortunately can’t sell a a dime to anyone. Did you know he’s been saying funding is close for over 2 years? Decided to flip in to TGR as their ambitions and frequent comms make ACP look like amateurs tbh. And they’re delivering! 30,000tpa production to be hit by end of Q2! ACP will be lucky to get funding away this year and if they do it’ll be dilutive. Just trying to help you all not lose more money. Spend 10 mins on TGR this weekend and you won’t be disappointed. ATB!
Reggie you are invested in WSBN giving other people advice the door is that way ------> In my eyes ACP project far better and offers better reward higher risk as TGR already in production. You probably don't even have a clue about ACP.
TGR much safer bet on graphite tbh. ACP won’t get their plant built any time soon. TGR will become a top 2 global graphite producer this year (ex China) and is sitting at £60m mcap. The market has totally missed what’s about to happen in a couple of months. No cash needed to expand too, where as it looks like ACP will need cash imminently. Check it out folks you won’t be disappointed.
Okay thanks - so opportunity cost seems to be the common denominator as a reason for the dip then.
And apologies if my use of 'pesky' came across in a negative light - I meant it in good jest as I too have been a pesky trader myself at one point. Also, I'm pleased to say that I'm not 'stuck' with my average sitting at about 3.6p. Still profit on the paper (I just want more!!) GLA
Most people are PI's. More than likely need the money as float or spotted a quicker short to medium play elsewhere.
Hardly 'pesky' it's their money, how they chose to spend is down to them. Not their fault you've got stuck.
This looks highly unlikely to move anytime soon as would've bundled good news in one RNS. Definitely interested in this stock but at nowhere near these levels as don't want to get stuck holding the diaper! Longer it goes on further it could fall.
That would make some sense, down nearly 25% since year start... the opportunity cost must be pretty high for these pesky traders if they're willing to take a 20-odd-% hit on a one month investment! Or more money than sense?
Lots of people came here at the start of the year/ end of December due to high interest from Twitter traders. I would imagine we are seeing an exodus of them at the moment.
Share price is now back to where it was exactly a year ago at 4.0p. Frustrating? Yes. But despite this I have to say that I am a little bewildered by the people who are selling today - they could have sold at any point in the past year for a higher price yet they decide to do it now when, in theory, we are closer to the jackpot than ever. Seems very illogical...
Is this merely down to human impatience or are am I missing something bigger?
Nearly a year since ACP announced completion of Phase 1 of Front End Engineering and Design (FEED) by Xinhai and Phase 2 was about to start. If the BOD wants to update the shareholders regarding the current status of Phase 2 that would be invaluable and reassuring for us long term holders. The stated aim of Phase 2 "Phase Two of the work involves the completion of remaining necessary engineering to develop an EPC fixed price contract". Surely this is complete by now.