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"There is now a clear pathway to near term cash flow generation enabling each project to be funded internally and best of all there is a clear intention of strictly limiting dilution moving ahead."
Can't ask for much more than that.
Well to be fair they`ve been waffling on about being on the cusp of a pipeline deal for a couple of years now and we`re still not much the wiser however things to seem to be progressing and we do have more irons in the fire now than we did so I`m cautiously optimistic.
TP
tarquin - the RNS mentions Namibian investors wrt pipeline finance. Perhaps they're going it alone and keeping it local. Phased as Funky says.
Regarding the pipeline I`ve long thought that its finance is jorc dependent , namely the Ta end user will bung in the finance once a clearly defined jorc has established mine lifespan and Ta quality. Hence the ongoing delay.
All IMHO of course.
TP
Pipeline minimum 10 months build and appear some way off b4 building this if they get go ahead and much finance needed.
Yes agreed. One thing I have also been thinking about is whether we will sell the Tantalum mine on once all is ready for production, but can't see that happening as I think LJ wants to move forward with that himself.
Can't really guess about commercial production timing as not enough updated news...but I think we are nowhere near without decent water supply, so first we need that sorted with a pipeline from the Orange river which will take a while to constarct.
Yes, agreed. How far away do you think we are from commercial production at the tantalum mine?
True,but I don't think potential profit from the diamond mine will be much... to start with anyway, as such mu h bigger kity will be in need to continue drilling the additional virgin area not to mention the pipeline major Orange river.
Folks, on the subject of dilution - the diamond mine is supposed to be drilling this week. On the last RNS, if I remember correctly, it stated that they would be using the profits from there to further the tantalite program?
gmed,agree with your comment regarding potential future placing....but before that kind of move if/when it comes I would be expecting to see detaild report of assays results and of course the information of what/where the money going to be spent on....also to avoid major dilution hopefully they can help pushing the SP much higher than the current with good samples results, and even better with a JV agreement.
GLA
I'm not all that concerned about a possible placing. I've always divided dilutions into two groups: the ones that raise money for investment in something that will pay off later and the ones that raise money to pi55 away on inflated directors' salaries for a few more months while the company is in fact doing nothing. A placing here would definitely be in the first category and, although I never like to be diluted, I wouldn't really be against a placing on the right terms.
Hi Max
Hope ur well
Agree that a placing is prob required however if they are going to do that it needs to be after the joint venture has been agreed or offtake agreement.
Other option as mention to Steven last week that it will be done on phases and therefore it’s about the lifespan of this mine. Remember it’s long game. Mine could be up to 20 plus years easily especially when there is new virgin ground etc.
Hi Funkybeats
Agree this company is well ahead of where we have been few years back,(shame the SP is not...)
YET,progress is not fast enough because the lack of funds...to me this is our main worries going forward as I am sure we have decent assets with huge potential...hopefully the fast move with the recently diamond property acquisition will help but a level of further placing is probably inevitable...just hope is not going to be in including heavy dilution, preferably by a way of JV....
My hands are numb ....(sitting on them long enough....),but will keep holding for what I still believe could be decent returns.
ATB
Good news. Once again confirms that there is more going than they ever tell us about. In any case, the run of positive news I expected seems to have begun.
Stand out features for me are:
Keeping the pipeline construction local - keeps costs down and can be funded locally rather than selling ourselves down the river with a Tantalum end user.
Making good on the plan to process artisanal ore.
TVM is shaping up nicely. Light at the end of the tunnel now.
Nice one, Larry.
Hi Max
Put it this way we are a million miles ahead of where we were back in 2015/16 when sp rose from 2-15p.
This is only going one way now and that’s north. Slow and steady for me is the way to go.
Again not enough details....HOWEVER, very happy with the positive news which obviously confirmed of good progress made in all aspects of our work...yet, we are still waiting on very important assays results,the very important issue of the Orange river project,and most importantly on further funds to take this major operation forward.....
Overall happy enough with today news.
GLA.
Subcontracting the work???
Discussions are well advanced with a new mine operator who will be responsible for drilling, blasting, processing plant and earth moving. The proposed mine operator has over 30 years' experience as a Namibian based company
Lateral and depth extent of the mineralisation host pegmatite remains open-ended = in other words we have a **** loaf down there plus ontop of that new virgin ground.
Positive discussions continue with a Namibian Investor with regards to the Orange River Pipeline. That’s a new one. So looks like to me either more share dilution. I am surprised why that wouldn’t have been done based on some form of discount off tantalum or lithium with offtake operator.
New board members...... things must be moving fast and also I recon they have deliberately kept offtake agreement out of this as that will be the next one. Your not going to be adding new people to a board and put in place a subcontractor to operate your mine without having all kinds of materials.
Good RNS and things are heating up nicely
Kazera Global plc ("Kazera Global", "Kazera" or "the Company"), the AIM quoted investment company, is pleased to provide an operational update on progress at the Namibia Tantalite Valley Mine, Namibia (the "Mine").
Highlights:
· Kazera has now completed the drilling portion of its Phase ll exploration program
o Preliminary study of the Phase ll cores continues to identify presence of lithium and tantalite mineralisation within the intermediate zone of pegmatite at Purple Haze, Snake, Homestead and Signaalberg
o Homestead, Purple Haze, Snake and Signaalberg have all outperformed expectations, averaging a 95% pegmatite intersect for holes drilled
o An estimated 300 drill core samples being prepared to ship to ALS to be assayed and reported by MSA by the end of 2020
o Lateral and depth extent of the mineralisation host pegmatite remains open-ended
o Completion of testing on channel samples to demonstrate grade of established resources is ongoing at White City
· Based on these positive Phase II results, and a further 70% of the licence being untested (including White City, due to mechanical issues), the Company is exploring options for a Phase III exploration program which would test virgin ground
· Discussions are well advanced with a new mine operator who will be responsible for drilling, blasting, processing plant and earth moving. The proposed mine operator has over 30 years' experience as a Namibian based company
· The Orange River Pipeline project has progressed, with Aftan completing all government compliancy certificates as well as engaging with local farmers for the installation of the pipeline
· Positive discussions continue with a Namibian Investor with regards to the Orange River Pipeline
· In keeping with the Company's focus on supporting local businesses while expanding the network from which Kazera Trading operates, Kazera Trading has engaged with local mine operators in Namibia to bring together their mineral samples and have them analysed at the TVM laboratories. This reduces cost for local operators while also increasing the reach and capability of Kazera Trading.
The Company is pleased to announce further strengthening the African Tantalum Board with the appointment of Mr. Odilon Ilunga who currently sits on the Kazera Board as an Executive Technical Director as well as Mr. Tshivute Iipinge who is a Senior Mine Engineer and Senior Lecturer at the Namibian University of Science and Technology and is now also African Tantalum's Country Representative.
Focus at the Mine remains on completing the preparation, sampling and reporting of Phase ll exploration to further delineate the extent of resources in the licence area.
As previously announced, COVID-19 has had minimal impact on operations at the Mine with mine staff adhering to COVID-19 safety guidelines and testing measures. The pandemic has however impeded the sending of recovered cores to ALS for assaying and repor
Sounds very promising!!