The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It wasn't a delay, but a reconfiguration of the EISA was required and resubmitted....
The best time to visit Tanzania for a safari is during the dry season from late June to October. Tanzania has two distinct rainy seasons: April to May (the 'long rains') and November to December (the 'short rains').
Err, the work was in preparation for the dry season.... It is only turned dry season now, soooooo they only start drilling now.....
Jesus wept!.... They can't force the Government to give the EISA....
If the choice of water was a no go you'd definitely know by now. And EML wouldn't have had all that podium action at that event.
Blackrock is rhe largest graphite play in Mahenge and in partnership with the Tanz Gov are going to open up the region with better infrastructure, roads ACP will no longer have to build, hydro power via electrical connection and negotiated rail access not far away for transport to port instead of trucking the whole distance..... All very helpful updates that improved costs and ESG long term. Nothing happens in Mahenge until BKT and Gov get the finance to do this. It would bw foolish to try to beat this and Gov wants to see it happen first.
The management that is 10 deep with huge a salaries that took 3 years to get finance?
They have openly been referencing BKT of late and without saying we are waiting or been made to wait.... A blind person can see nothing is happening in Mahenge without BKT first. Only other company in Mahenge that has the Gov deal signed was Ecograf and I'm sure they have been around longer than BKT! They had been discussing Gov deal years before us, but they were not ready to move forward at the pace of BKT which became the lead company. Ecograf graphite mine is not very good, their value is down to their downstream business hence no rush to develop. They appear happy to wait for BKT to build electricity supply, as Ecograf only just signed a deal with Gov dept to get the supply.... But this can only happen post BKT.
Covid came along or did you miss that? EV market and graphite market dumped and as things recovered BKT looked nailed on to progress..... at that time I'm sure it was appropriate to think ACP would fall in behind them given A. BKT longer build time and B. Their new plans to bring on the infrastructure....... Hands up if you thought BKT would be faffing around still trying to get their finance sorted? We wouldn't be were we are today with Covid and unforseen length of time for BKT to progress.
It would be foolish to pave ahead with the current DFS plans and low ESG versus the now potential enhanced infrastructure.... Albeit one can not put out plans for this 'new' infrastructure DFS when the company instigating and leading this infrastructure hasn't got the money yet to do it! The moment that happens... Which could easily been a year ago.... ACP and others can all start planning fully for the new infrastructure, publish documents like DFS' and publicly talk about savings from the changes and promote the newly enhanced ESG credentials...... ALL AFTER THE COMPANY ENABLING IT IS FINANCED!!... It really isn't a hard concept to get one's head around...
All warrants are now off the table bar 7p ones, bolstering the finances through this wait and no raise to keep the lights on. So we've come out the other side of Covid, hit inflation and war.... EVs have now recovered and pushing on, at tipping point to deficit if projections by 'industry professionals' are right, Tier 1 offtakers now in the market for graphite and particularly graphite from Mahenge.... Tier 1 car OEMs starting to secure future minerals so they can guarantee their battery supply etc. Upgraded ESG will be paramount going fwd with these type buyers in the market now......
The EV /BATTERY and graphite space is a million miles away from 2 years ago, this project still has astounding economics in any mineral space and has highly sought after low impurity, high grade graphite with a deficit approaching.... You might have got your money back last year on poor finance, bad offtake deals and low ESG for all of stage 1....but I'm here for divs and the future is brighter on every metric now for ACP than the past.
The concept of C1 might be universal, but often if one reads the small print one company's C1 is not the same as another. It is open to preference as to what it contains, but notes should confirm the exact make up. I was comparing some lithium companies and they differed in what they chose as their C1 definition. Think it was PLS and SAV.
When comparing the SP of EML post EISA Highfields was a lot higher such that 19p EML money would have been a comparison nit that long ago, but Highfields got hammered down when it was delayed due to the last permits not granted, which is why they are where they are now. So 12p minimum 15p mid, 19p top end, but this will not be achieved over night if EML still at 5p when EISA drops.
AIC normally seen as AISC.
Other things to look for when comparing figures for companies NPV discount rates some use as low as 6, most 8 or 10. When a NPV is well over $500m those % can make a difference if ypu are comparing basic NPV. Careful looking at Australian registered companies they often quote $ but that refers to AUS $ not US $.... If they quote US$ they'd like tag it as such.
Funny that your opinion is in direct opposite to ALL professional forecast opinions.... Who'd have thought
Oh Amtech you are so edgy... Whatever inflationary costs add to the DFS I suspect the lift in basket price to more than compensate any negative this causes. There are savings in some roads out of Mahenge and no diesel gens to buy/rent as another offset. All coupled to long term advantages of having far better ESG credentials opening up wider audience of offtakers /end users... Ying and yang.
People on AIM but shares going into liquidation to make a buck or two.... If a share has progress people will come....
So no constructive/logical reason.... Just a grumpy hunch...
They'll want it again when it can progress... This is the way...
So you think that in 2 years they won't have updated the DFS with huge increase in basket prices, had the Gov sign their end of the deal and got an offtake at the very least.... And not get to 4p? Given it hit 6p with less than that.... Righto... And by that stage if the forecasts are right graphite will be in a deficit and prices surging with desperate buyers....
1. Circumstance in general I think took ACP to point were rather than push ahead in a difficult post Covid market that taking advantage of a bigger project development was a longer term advantageous choice. Inflation will certainly affect both capex and opex to mitigate savings/benefits from BKT but the basket case price increase will be the biggest change and counter all negatives, so I'm looking for maintaining economic output and be pleasantly surprised if it boosts previous DFS numbers. Basket will jump from $1112 to a minimum $1300, with anything up to $1500 a possibility.
2. ACP hired the same team that negotiated the BKT deal in country.
This is past negotiations they have paperwork swapped, this for me is about Tanz Gov not taking on any new responsibilities/admin for more companies until they progress the ones they are involved with. They want a graphite district and they want all to suceed, what is point of signing 10 deals that you have to manage being part of from a team that was doing none of this 2 years ago, when you have bigger things to get on with like opening the district with a billion dollar project. Get that over the line and the rest can follow.
3. Depends if you sell project or company. But not much other than look for their next project.
You are in trouble, because they are looking for copper not jam.... Mining is up to 10 years investing.... Buckle up...
That's stupid...
Errr, they've started pre engineering drilling and re instated full offtake discussions and being backed up by Gov signing of deal plus it us beyond obvious that ALL graphite plays in Mahenge are following NKT which has a timescale in banks hands and ACP in turn is in their hands too....
How can you timescale anything not in your control!?
My take is once BKT finance and Gov continue to sign deals for those that are going to follow (they are building hotels in the area in anticipation of visitors related to mining activities!) because they want a graphite district supplying the world and in best interests to move forward, but right now it's extra admin that makes little difference until BKT moves..... Then timescales are more certain and decisions on last updates to DFS etc can take place and it can then be delivered to market with firm knowledge of infrastructure it will rely on.
What would you like them to tell you?
So despite you having knowledge of whom actual reports the actual transactions and responsibility thereof, those transactions are compiled and fed to market participants through data feeds...of which I referred to. I don't care how it got to the feed, just what the feed supplies LSE and what they do to show users the transactions.
Https://www.londonstockexchange.com/securities-trading/tradecho
Looks like Exchange gives firms a platform by which to report their trades which is then compiled and then..... Provided as a data feed...