Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Not the news we were hoping for, nonetheless another step in the right direction, but, nobody appears to be interested!! which is a little worrying?
Hopefully once the main news drops the market will sit up and take note and investors will start investing in bzt?
I wonder how long this licence approval will take, I cant remember when the application was submitted but it was an awful long time ago.
Mr t
Why would the company announce something they plan to do rather than have already concluded at a contractual level ? On that basis there would be an RNS on a daily basis !! Give them a 'break'.
All the documents are there in different files- topnaar consent of the project, they want 15% equity and a seat on the board, interesting that they plan to acquire the namib zinc lead mine to use the existing plant there to process the ore from hope and gorob. Not sure why the company has not announced this information. Last date for comments is the 26/03/24
Covers much the same but the environmental study also here:
http://eia.met.gov.na/screening/2744_emp_hope_and_gorob.pdf
A LOT of new information in the ESIA, Bezant to aquire a lead/zinc mine!
Or just put the decimal point,in the wrong place
Just there?
Not long now...... you're new here.
Definitely a good sign. Not long now methinks
I agree. Looks fine to me and helps the preparations along. A good sign imo
Some further good news, loan repayment extended, although I suspect this will eventually be converted should the sharecprice achieve the targets set!!
Reference ti the licence, again, yet another teaser but we still await confirmation.
Mr T
SOS
Agreed, all positive and does look as if we could be up and running early 2025.
Licence appears to be a formality from what was said so I assume that should drop by the end of May at the very latest.
Once that is secured the newsflow on Hope will be regular I would assume, hopefully we will then see a gradual rise in our sp leading up to production.
The key to it all will be how the financing is structured and what element of income we achieve at the outset?
I'm prepared to wait now and see how this runs, let's let the story unfold and see where we are this time next year.
Mr T
Can’t believe nobody else talking about this.
It’s what we have been waiting for.
The info we have so desperately pleaded for.
More info in one go than we have seen in the last 2 years.
Definitely an essential BZT listen.
Future proofing our lowly market cap
https://youtu.be/vpC4NJY3q98?si=cJuResiwrLK24wod
Yes there’s no reason we shouldn’t end up with a 50% share of the net. The devil will be in the detail , hope they’ve learnt the lesson from manica and keep it simple and easy to police
Ok Sorry had overlooked we only own 70%,
So take your figures of 5k tons at $8500 = $42.5m gross sales. Say the profit margin is 40%. ( A guessstimate) Then profit comes out at $17m of which our share is between 21% and 35% depending on the deal they can hammer out with contractor > in the SPV . Special purpose vehicle. I think CB mentioned 50/50 but might be different at beginning as the (chinese) contractor would need to recover some up front costs. All a bit pie in the sky atm but should be getting closer. I think CB said Martin was heading out to Namibia the day after we spoke last week. A 50/50 deal would get us close to the $6m figure.
Not quite sure I follow the “share with contractors “ bit
8500 x 5000 for ease = $42.5m -the split would presumably be 70% contractor , 30% us - of which we get 70% which is our ownership fraction
So that comes out at 9m$ per annum in expected year 1 ? Might be wrong with this calc
In my recent discussion with Martin C and CB they mentioned figures of $12m rising to $26m after a couple of years. we will of course have to share this with our contractors. Working backwards and assuming a POC at todays level of $8400 We are looking at 4 m/t (producing 4800 tons cu) and rising to 9600 tons from 8m/t of ore. Assuming 30% margin.. Ball park figures of course . But realistic I hope Cyberiachas. I am still hopeful MR T. Although well aware there's many a slip ....and we have yet to see the cup
What is the estimate for annual copper production from h n g once the license is approved and it’s up and running ? 5000 T copper per annum ?
That’s $42m , even at a 25% share that’s over $10m per annum share with current market cap currently sub $3m
This is taking , as we all know, a long time and evidence of good intent has always been something to prove and, hopefully, the acceleration of activity has helped and will achieve the result. I have no doubt personally that once the licence is granted, this will fly.
Morning Prickly,
Thanks for whar appears the most exciting update here for many moons!!!
I have been in correspondence with the company over the past months and to be fair I have always received a prompt response which usually is a good sign!
We do need some urgent positive news here to shift the sp which is on the floor.
Good to see you back on the board also, I was beginning to think you had given up!!!
Mr T
Thanks Prickly, I have a few BZT and feel the SP is well over sold.
Excellent prickly but why does it have to come from you ? They might at least have provided a Twitter update ( to get around regulatory control nonsense ).