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ProfitBags
Well, obliviously I don't see that happening, I am expecting some output in late April, maybe 1000 tons, and very much the same in May. Nameplate production in June.
I am looking for confirmation that running parallel with output will be the release of third-party funding.
As far as I am concerned finance is now sorted, we can now move on.
Acker
I think we will notice more ISA activity today.
Great results flowed from the AGM, well done to those who voted in favor of the resolutions, and commonsense prevailed.
Just get production sorted then the sun will shine.
New shares on the market, guessing at 17/19, grab them whilst you can.
Interesting day ahead.
Acker
El-Gelboy
"I'm totally confident Acker will be provided 100% wrong on Monday ,l hope after that he will give the endless ramping a long rest ,we are all very much bored with it now , never used the filter facility but might have to"
Dream on son lol
Acker
Whywastetime
Agreed, spent the day near the computer whilst ordering from Moles seeds
You and the sulking can kickers have the BB, enjoy.
Will post on Tuesday, don't forget to regurgitate the past over and over again lol
Have fun.
Acker
Redandy 59
Mr. Roach has many and varied business interests.
His largest "payday" was probably the disposal of the company mentioned below:
George Greville Roach serves as Chief Executive Officer, Executive Director of the Company. Mr. Roach has been involved in the mineral exploration industry in sub-Saharan Africa for many years. He has experience in securing and establishing mineral exploration tenure and operations throughout Africa namely, Central African Republic, South Africa, Chad, Mali, Namibia, Zambia and Tanzania. He was a founding Director and Managing Director Africa for UraMin Inc., a uranium resource company with operations in Namibia, South Africa and Central African Republic. UraMin was sold for U.S$2.5 billion in 2007 to Areva, a French public multinational industrial conglomerate. Mr Roach is Chairman of Ethiopian Potash Corp, a TSX Venture Exchange quoted company, and was appointed as a director of AfNat Resources Limited in 2009, which was AIM-quoted until June 2010.
Acker
Zimbabwe said on Friday that it will launch a new currency backed by the country’s gold reserves, the latest move by President Emmerson Mnangagwa’s government to stabilize its fast devaluing currency.
Zim Gold (ZiG), to be introduced on April 8, will also be backed by foreign currencies and other precious minerals, the new central bank governor John Mushayavanhu told local press, adding that it would circulate alongside a basket of other currencies.
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The ZiG currency will be introduced at a rate of 13.56 per dollar, along with a new interest rate of 20%, a monumental cut from the previous 130% rate, which stood as the highest central bank rate globally. Banks are expected to convert their existing Zimbabwean dollar balances into the ZiG.
Analysts and economists have suggested that this situation highlights more fundamental issues, including the government’s practice of printing money to finance its expenditures.
For BMO Global Commodities expert Colin Hamilton the new currency strategy could have potential wider implications, particularly regarding trade. “We expect that many of Zimbabwe’s exports to China might now be paid for in Chinese Yuan (rather than US dollars), which can be converted into gold through the Shanghai Gold Exchange,” Hamilton wrote in a note to investors.
“We expect this to become a growing trend in China’s trade with developing countries, amid the wider push to grow the international influence of the CNY, which would also bring more gold back into the global monetary system,” Hamilton said.
Mnangagwa’s government decision to put in place a “structured currency” comes almost a year after introducing a gold-backed digital currency for peer-to-peer and peer-to-business transactions. The product was expected to act as a legal tender and a store of value as the country’s currency continues to lose ground against major currencies.
Previous to these attempts, the government had tried multiple strategies to stabilize the Zimbabwean dollar, which was reintroduced in 2018. It had been scrapped a decade earlier due to hyperinflation of 5 billion percent, according to the International Monetary Fund, nearly a world record.
The IMF has criticized the unconventional methods favoured by Zimbabwean officials to address the depreciation of the local currency.
Since the beginning of the year, the official value of the current Zimbabwean dollar has dropped by four-fifths, making it the world’s second worst-performing currency.
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Acker
I'm looking at the positive;
Financial security during Q2
Commencement of production leading to commercial production in Q2
Continued Canmax support for the company and CEO.
The export licence granted Q2
Re-rate of spodumene price continues. Q2
JV announcement posted via RNS. Q2
Encouraging news about EPO via RNS Q2
That will do for me .
Acker