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Yes they knew covid would happen, they knew this would cause a lul in EV advancement, they knew Russia would attack Ukraine and ultimately knew BKT would have to redo their DDS because of this then take well over a year longer than market thought to sort finance as their project and its affect on the Mahenge region would change significantly to include hydro power from stage 1 and rail use....
Even if a funding idea was in the bag you aren't hearing about it until BKT is financed, because it has no relevance then. ACP is not beating or going to build the mine before BKT build theirs. So that news would fall flat, however BKT funded that news means something much more, not only do they have means to build they have no obstacle plus that funding is for a build that has some capex savings and better ESG credentials. I'd nit be surprised that is what funding would be putting their bets down on.
If you cannot grasp the significance to Tanz, to Mahenge, to a high ESG good infrastructure graphite region with Tier 1 offtakers and partners as a step ACP is best waiting for then I don't know what to say. You also don't understand the hurdles that need taken before someone will sign off funding.... Err like Gov deal sorted (agreed and paperwork swapped but Gov on go slow for yes you guessed it, getting BKT sorted first).... Updated DFS.... which of course needs BKT financed so it can specifically lock on any caoex reductions, hydro electricity and rail transport for opex etc...
screaming I want this and that without giving due thought to how that prices works is wasting your time.
1. They've had to be very sensitive towards water usage, recently announcing a plethora of new water projects to enhance usable v water in the near future. I suspect they wanted am that announced before giving out licences to use water by companies, albeit EML is using waste water now.
2.its not just paperwork that they nod at and sign... Jeez
Clueless emotional wonder....
Do people read the information available and come to a logical conclusion or do they they read it, ignore it and craft an emotional response unrelated to the information?
Has there been a delay? - yes
Can you see and understand valid reasons for this delay? - yes, they are fairly obvious
Does this in any way suggest that the project can't regain foothold and progress when said reasons for delay are no longer in place? - no
Post delay obstacles the company will be operating under better EV and battery mineral markets therefore offtakes and finance deals will be better, have higher ESG credentials (see offtake and finance) and more likely than not going fwd with a higher NPV by just applying a minimum of $1300 basket price, with the possibility of $1500(as per peer comparison basket quality and breakdown).
Other than pure delay nothing else suggests a negative factor against the project and the EV narrative.
BKT is a billion $ multi bank high capex African first mover in Tanzania Mahenge region.... Those not experienced in international commodity finance might find this hard to believe... You don't finance this over night! It has tested BKT shareholders as much as us. The other side if finance is a region opened up with confidence from international banks, Tier 1 offtakers, infrastructure and strong ESG credentials for anyone else progressing.
Or I could just wah, wah, blame, blame and ignore ask that.
Positive mental attitude..... Shame it's not working.... Ha.
2 mins in.... Anglo first investment in 20 years.... Anglo is back!
Seems pretty certain of it....
They make a quarterly update eerrrr every quarter and you are giving off about the quarterly update that hasn't happened yet....
I'm not sure first come first served is applicable or they'd be paying geezers to queue like Wimbledon for centre court tickets. It must look at your ability to progress and your already fingers in pies...and Anglo has many fingers in pies already.
Uncrossing Trade last night gave it a closing price of 4.4p so on open mid price looks like a rise....
Source? Intellectual reasoning? Research? ... I'll be waiting...
Are the economics poor? No
Is the product poor? No
Is the region they are in due for significant upgrade in infrastructure? Yes
Will this have a positive impact on ACP? Yes
Are EVs doing better or worse than 2 years ago? Better
Has there been a delay? Yes
Does that override everything above and make them irrelevant? No
Maybe all the management at BKT are awful too they've not progressed past finance in 2 years. Maybe...
Will they? It looks closer than ever
What does that mean for ACP? Move forward
Not long to find it hopefully.....
Ahh the usual no source, no reasoning, no analysis....
Emmersons readying of the site is pretty much done, those things you mention are outside contractors and no doubt the final water solution is holding up those designs.
BKT proceeding is not being held up or restricted by Gov.... They are very much onside, they are getting help to improve road infrastructure and electricity to new areas. This in turn helps ANY business working in that region too. Giv will be keen to progress anyone else locally once they get BKT over the line. No point signing 10 extra nrw deals when you need the first one out of the blocks.
To put the mining department admin into prospective they didn't refresh the mining Cadastre website for over 2 months.
When you have all the work out if the way and you are waiting for the final few milestones things are quiet. No more drilling, results, testing, results, scoping, PFS, DFS always things going on.
Because I provide plausible reasoning and analysis of the situation instead of whinging like a ******* and spouting random untruths...??
The company are very aware.... Certificates get compromised, servers go down, maintenance happens, denial of service attacks on servers, etc. Any number of things
Apples and oranges Amtech....
1. Road infrastructure needed upgraded to paved from Mahenge to main highway, this will be taken care of by BKT. Only road infrastructure is to Mahenge now and that's on ACP doorstep.
2. Take a look at the costs to relocate at BKT, they had to build a whole village for the significant amount of people more than ACP will have to move. This was a substantial amount of the increase. Read the whole breakdown where the significant costs where. Also to note they increased their contingency too, it was only 10% before and ACP already using 15%
It will.
New additions/changes -
Less roads to be built (BKT need to build some ahead of ACP - less Capex)
Should think no diesel gens for stage 1 (BKT bringing hydro electric to area - better ESG and lower Opex, also depends on whether ACP was buying gens or renting them as to further savings)
Potential for rail transport for 380km (BKT getting rail sidings put in locally - ESG improvements and lower Opex/transport costs)
Basket pricing, was $1112, given closeness to BKT basket makeup should go up to minimum $1300, possibly closer to $1500. Thus will bring substantial NPV lift.
offset above with rising costs of capex probably 10% minimum(though some capex removed) and GOV % to factor in.
Overall I still see a rise in NPV the basket pricing alone will ensure this
They said as much last year. They changed the water source and the tailings dam changed from wet to dry. They would have had work to do on that to prove concept before resubmission. It was a defacto rejection of an element of EISA. They didn't tell us, they did the work and then in update mentioned changes they made. Someone suggested that all was well then a certain MP kicked a fuss up and changes were requested. I believe at first water was from a river, then from the reservoir and now waste water. All part of a n evolving EISA.... discussions lead to questions /requests for more detailed info/agreed changes.... Reason plant design is not complete because EML still waiting to get green light on current water plan? Your plans include water source and the pipeline for it etc.
The EISA is also a step by step thing wrre they deal with certain areas, clear that up and move onto something else in detail. For example the roads for access and transport to port come under social and they were only finalised nit that long ago. Those would plans would have to be assessed and approved too..