Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
The PEA should be out soon, that ought to attract the interest of financiers. Thereafter a clear financial roadmap to production
Check her out on X https://twitter.com/paola_rojas
Definitely good positive news and SB looking for funding from other sources, which is great (Grants do not need to be paid back). These type of projects are essential for development and obviously can cost quite a few pounds in cash burn to prove we have a good product.
I notice this grant is for about 67% of the cost at £257k ish, so we need to put in about £130k ish.
So I would imagine we will need another placing over the winter. Hopefully the SP will get up quite a bit so the placing is at a better less dilutive price. I'd hope if the SP gets to over 5p and a placing at 4.5p + then that would be better.
I reckon we need some more good news to boost the SP up before a placing is done.
Feels quite cheap at the moment, with all the potential.
Fingers crossed GLA etc DYOR
"...............make the production of anode material in the UK a reality."
Indeed! I maintain full belief in GROC and expected no less and that's why I invested here.
"reality" is what separates the proper AIM successes from "Lifestyle/Pipedreams"
"Based on the outcome of the feasibility study, GreenRoc hopes to be able to make a strong business case for potential joint venture partners and investors to join forces with us to make the production of anode material in the UK a reality."
Highlights
· The ATF has awarded GreenRoc a grant of approximately £250,000 to part-finance a feasibility study into establishing a UK graphite spheronisation processing plant to produce active anode material in the form of coated spherical purified graphite (cSPG) from graphite concentrate shipped from Amitsoq.
· The ATF funding programme is administered by the Advanced Propulsion Centre UK (APC), which deploys government funding and support to accelerate the transition to a net-zero automotive industry in the UK.
· The ATF has expressed the view that GreenRoc's feasibility study project could have significant strategic benefits for the UK in terms of security of supply and achieving resilience in the EV battery sector.
· In GreenRoc's view, the grant funding represents a step forward in establishing a robust supply chain of anode material for EV batteries and fuel cells to bolster the British car industry.
· The feasibility study starts in Autumn 2023 and is expected to be completed by May 2024.
· GreenRoc will act as project manager, with input from four expert consultants: Benchmark Mineral Intelligence, SLR, ProGraphite and Decision Risk Analytics.
GreenRoc's CEO, Stefan Bernstein, commented:
"It is with great pleasure that we can announce today that Great Britain's Automotive Transformation Fund has awarded GreenRoc a significant grant towards the funding of a feasibility study into the manufacturing of active anode material or cSPG in the UK using graphite concentrate from GreenRoc's world-class Amitsoq Deposit in southern Greenland.
"This grant funding represents a step forward in establishing a robust supply chain of anode material for EV batteries and fuel cells and will also help bolster the British car industry's competitiveness in the race to supply electric vehicles to the European market.
"I'm particularly happy as this grant shows much-welcomed government support for our ambition to supply the European gigafactory industry with anode material sourced from GreenRoc's responsibly mined graphite deposit in Greenland.
"Based on the outcome of the feasibility study, GreenRoc hopes to be able to make a strong business case for potential joint venture partners and investors to join forces with us to make the production of anode material in the UK a reality."
APC Automotive Transformation Director Julian Hetherington said:
"The Automotive Transformation Fund is supporting new projects to scope out opportunities within the wider supply chain that could lead to significant investments in manufacturing here in the UK. Gigafactories are only part of the story, as much of the supply of materials is currently imported from carbon-intensive sources. If the sector is to transition to net zero and localise production, this funding can help to show where the potential is for expanding the UK's capability."
Rns at bluejay
Shorting? It's a tiny Mcap. Don't think so.
Dundas mentioned in recent Jay RNS
Where can I get some info on dundas not being economically viable for bluejay?
Seems a bit of a severe drop today for no particular reason.
This is share now or the world in general people want something for nothing... shorting idiots are on a shorting road to nowhere... lets hope the PEA has something decent to declare...
Yes Bluejay found that the Dundas project is not currently economical. I hope Amitsoq is more viable for us.
That's a chunky drop with a lot more trades than usual, though only one large sell. Leaked news of a poor PSA or MMs fishing for cheap shares? Let's hope it's the latter.
Is its a very expensive place to mine - just go look at past projects. Typically very expensive to get the resource out of the ground. Looking forward to the PEA, to see where on cost curve it is.
Oh that would be right with the sad negativity around many shares, even when there are positive moves forward... just have to hope there is some common sense.
Looking promising here... perhaps the EU having to do something is going to help we hope
----
PEA will enable GreenRoc to firm up a work programme for the coming year focused on fast-tracking the Project towards development status.
· Ongoing discussions with several potential off takers, with the Company expecting to send new graphite concentrate samples to interested parties in Q4 2023.
Not a big deal to wait another few weeks for the PEA on something that won't be in production for 3-4yrs.
Sp drop expected...
GreenRoc's CEO, Stefan Bernstein, commented:
"We look forward to publishing the PEA in October, only slightly behind our originally planned schedule. The PEA will provide a detailed assessment of the technical aspects and costs associated with the construction and operation of our Amitsoq mine and processing plants and enable us to plan the next steps.
"We are also delighted with the growing interest in our product from potential international off takers, driven by their recognition of the importance of securing a future pipeline of non-Chinese graphite in a global market which is being driven by phenomenal growth in demand from the EV battery sector.
"I look forward to speaking to investors on 3 October 2023, when I participate in the focusIR/London South East Natural Resources live webinar."
Overview
· Preliminary Economic Assessment ('PEA') on Amitsoq anticipated to be published in October 2023.
· PEA will enable GreenRoc to firm up a work programme for the coming year focused on fast-tracking the Project towards development status.
· Ongoing discussions with several potential off takers, with the Company expecting to send new graphite concentrate samples to interested parties in Q4 2023.
· Joined the Danish Centre for Energy Storage ('DaCES') to collaborate with Danish universities and companies in research, innovation, and export.
· The Company is participating in key industry and investor events.
no need for dumb shorter comments on a sp****ly populated bb like this. plenty of reasons voiced at that amsterdam conference as to why the graphite prices are at all time lows, natural graphite producers are under the radar, slow to develop and lagging behind chinese synthetic producers.
Wow the shorters are here trying to push the price down for their own stupid short term gain
sell now,,,and miss out on 3x 5x 10x - yes we need a PEA but dont fall into the greedy short trap