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Seriously wonder how people don't bother to read stuff and yet invest.
You are right it is only half the stroy...... 2 other commodities are in the ore, LEAD and ZINC. Often many commodities come with other ones in the same formations.
Copper and gold
Copper and Nickel
Gold and silver
The main one has 'credits' applied from the sub commodities when working out the economics. So in this case you get Lead and Zinc credits. So X money from the sale of silver versus cost to produce silver Y, becomes X versus cost to produce silver Y-(lead and zinc recoveries).
Lucky Friday at a considerable further mining depth is circ $150/t and average ore selling prices are about $400/t. So anything around $100/t would be pretty good.
Many mines in these regions are bought and held by small timers, family units etc. This is one of those never really mined properly since the gold rush. In 1984 when not operational it appears someone went down and picked out promising ore and brought it up for a quick turn.
The time is right in the commodity cycle for a mine like this to get properly developed and operational and I very mush assume ACP has had access to thte historical data and sees a low cost, fast progress to being a cash generational business......Or by your thoughts only done a Google search on it and saw a postcard from the region.
I'm sure the best place to find commodities is where they are prolific -
Gold was first discovered in the Coeur d’Alene region in 1880, followed by silver in 1884.
Swiftly dubbed ‘ Silver Valley’, mineral production s tatistics for the region are impressive: over
a billion ounces of silver, 3 million tons of zinc, and 8 million tons of lead with a total
value of over $50bn, ranking the valley among the top mining districts in world
history.
Tell me you know nothing about Bed and ISAs without telling me you know nothing about Bed and ISAs......
You clearly have done little reading regarding solid state.....
I think I might make nearly all of you green. One thing to green the trolls, but if those still not green are arguing with them then I don't want to see that half of the comms either....
The water might have been grey but a lot was wasted and required ifection into the ground, tailings etc. The new process doesn't inject water into the ground and recovers a lot of it. This is about Effeciency of water you use and what you do with it after.
After Piedmont gets to 50%...... Is it Atlantic owns 45% of the projects (after 10% free carry split 5%) and Piedmont 45% of Ghana and 9.5% of Atlantic (is it just for this project or all other areas not yet drilled/studied)
Or Atlantic 90% of project and Piedmont a 50% shareholder in Atlantic
Option one at 45% post tax gives Atlantic circ £540m NPV at $1500 ave spod prices, so at current what maybe £375m NPV based on a Mcap of £125m??
STOP communicating with the animals......
They get paid for engagement!
That'll sort out a lot of overhang!
No company will fund a mine without dilution.....but say max $70m versus $225m is somewhat easier achieved when the first 3 year risk is significantly less.
Both those capexs are for ONLY stage 1.
It was orderly....
Market for raising funds is in a poor place right now...the city wants their pound of flesh.
Well no one saw a raise coming for this. A raise possibly would have been needed towards year end but by then hopefully some drill results would have put upward pressure on the price and raised at a decent level. However, the timing of the swedes leaving means that you either a: let them leave and let the market find the price they get out at....but this could take allll year and when you want to raise you are at 0.75p..... or b:you bite the bullet and arrange for people looking to be invested here on board and get swedes out quickly (with warrants being a penalty of sorts) Remember the stock is cancelled when bought back so reduces your dilution again. So £2m odd is cancelled shares circ. If you raise now you cannot come back in 6 months to end of year, the money machine does not work like that, you have to tag on this one the extra money you will need in not too distant future. Sadly this was not at a price fuelled by possible AA work.
The deal is almost struck but appears to be slightly lower then 1.8p due to the continued selling in large lumps. You are going to keep selling down to the strike price until deal over the line because better to get another 10 mill shares away at 1.75 then say 1.5p. Swedes know if they sell into this market they will be selling at less than a penny before long so taking 1.5p say is good business. Now the RNS states if deal fails they can just buy in open market to counter the swede sells, which again keeps price more stable. Though you'd let them rot down towards 1p before buying up stock if they failed to complete deal. Now is question when the swedes conclude and stop selling.....money doesn't clear until 25th Mar. Will they sell above strike price until that time or conclude that raise has been completed bar money in account? It certainly not higher than this price...you don't get a premium! I doubt any news will come out until end of month so no factors improve price.
You can moan an biaaatch about the raise but I think the points above are balanced in why it has happened and their hands are tied somewhat in the raising the extra above the cancelled portion. Swedes selling is a little black swan in the timing of this shares progression.
Repeat infinitum Tom..... Not sure everyone has read it yet.
There has been someone selling the hell out of this for 2 years now and it is unending, today is no different.
Always going to be dirty traders with that nod to the presentation knowing there was a release today.
what were you expecting a Jorc resource, PFS and offtake in one RNS? literally the first holes they have plugged in Botswana of exploratory nature.
Tanz were and introduced the mining law.....they will get their pound of flesh out of it!...
More and more African countries are looking to get a bigger piece of the pie of their natural resources. However, they can't realise the monetary benefit from it and basically want you to hand over wads of cash without doing anything themselves. It is people like us that make it happen for them.
It is unusual to have a 25 year mining licence before proper financial studies and mine plans have taken place. May wonder under what circumstances it was obtained at the time, different Gov/council etc. Really the last 4 years mining licences and especially EIAs have become very hard to get. A lot more accountability required.
It could mean almost anything?..... Looks like someone will say almost anything, no matter how ridiculous it is....
Oh no, Amtech had determined after 2 months that imminent was over and then spent 559 days in profit from that point without acting on their determination that imminent was not happening.
Yeah Greg the 'accountant' .... Haha knows nothing of building mines.... Graphite mines... More sarcasm....
1. ACP has 3 extra exploration licences applied for. Maru are nuts giving a time for getting them, given three are many applications running from the start of 2022 are yet to be given. Prepare to be disappointed.
2.ACP has done all the exploring, testing, reporting, etc that comes with constant company market commentary.
It is is clear now progress will be after BKT finance confirmation of upgraded infrastructure and Tanz Gov start agreeing the next deals for companies operating out of Mahenge area. You cannot update the DFS if you don't know what infrastructure you will have to build, whether you can use hydro power electricity or diesel gens
Tardis - companies hire teams with experience when project requires it. Secondly they will likely use a company to actually build the mine. Either as contract build or EPC contract.
Rover - They can build alongside BKT, what they have left to do once ball starts rolling again is not very much. 10p after dilution is different to SP at full production.