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I smell burnt flesh.....
!!!!!! “The project will shortly obtain the required environmental approval from the competent authorities in Morocco…this is a crucial stage which is required to kick off this strategic project,” the paper said, citing Ministry sources.
Ministry sources!
Ahhh, it went from scoping straight to Feasibility study, no PRE. What you are looking at is a full feasibility. As long as the depth, detail and level of study is X it is usable for investment /build decision.
You can't have looked too hard...
Wah, wah, wah... Give the baby their dummy....
Last week the weather man based on his projections and information at hand said that this week was going to be lovely weather, 2 days later it showed up as rubbish weather this week. The minute that RNS was written the world can change and it did. Covid, loss in EV sales and expectation if BKT to push on did not materialise.
However, he is an idiot. Never argued that bit.
You believe this goes ahead or not. That RNS is as postive as seen in a while in the Moroccans involved and support towards the project etc. Would it changes your mind from a believer to non believer, mist likely not. Those sat on the sidelines or never seen the story before, would they buy ir look to buy seeing that as a stand alone RNS quite possibly, they'd see it as postive. Certainly lost a few traders first thing, that's their thing. There was some pumping going on about timings of result but this is obviously longer than that prediction but perhaps not too far away now.
Morocco needs a source of potash itself never mind the money it can make in taxes etc as a seller. It needs industry and industry needs water. They just need to do it as water safely as possible or people might ask questions why all big companies are tapping into their drinking water. Waste water seems ideal for all.
AIM for you....
If they were not happy with the water plan, they'd have said no a long time ago. They are making statements about strong support from Moroccans.
Someone ****ing about in auctions...... SP will appear to open lower tomorrow because of that
Nuts how much they charge....
Dan, we can agree that BKT are the frontrunners and it made sense to follow them especially with the advantages they now bring to being first. Looking at the quality graphite ACP has (can guarantee if you are in the same postcode whatever you have in the ground is going to be very close to your neighbour in terms of quality/make up) and the junior mine space leading economics...... ACP would get built long before many others. If finance is limited they will go towards the lowest risk financial return projects. With BKT getting Tier 1 fan base and Chinese and US Govs visiting Tanz and the region being modernised and ESG'd to the max be BKT, finance will not be too concerned about investing in Tanz.
With BKT financed I'd hope to see hte gloves come off quickly and ACP manage to get their ducks aligned in time for next years dry seasonmwhich would get them into production just behind BKT (who has a longer build). So be nice to be ahead of the game but ACP do not have to rush financing if they have until at least Apr next year before they lose ground on BKT actual production. World anylsts would suggest that every mine with graphite today will be needed, with the superior economics I see no reason ACP doesn't join the party, it should have VIP tickets compared to some of the dross out there. When you have researched the economics of 20 other graphite mines, you can comfortably make that assumption.
Also note where you see articles on graphite. Of late Reuters, Bloomberg, The Economist etc have been running shorfall articles. Big hitters with wide intellectual audiences getting fed the narrative. Lithium was the golden child of battery metals but it now has competition from upstarts like graphite.
I'd think there will be a Final Results mid to late May se in stone. You'll get update on the money situation at the very least. Bit more burn starting again, but the base line was 300k a year and end of last year they had what 1.5m.
Anyone gagging for updates on Geo drilling bear in mind that it could only start in dry season, which is only about now. I'd say next news if it drops before Yr End Financials will be Gov Free Carry confirmed. This allows DFS details to be amended, contracts like MOU for electricity like Ecograf to be signed in NewCo name, Finance will see last hurdle admin wise over (but finance will be the very last news before construction so any idiot demanding this now is err an idiot), offtakers also see Gov agreement done and dusted, more confidence to put pen to paper.
Still someone determined to kick it down though.....
Bear in mind this EISA is about which water we use and we can't offer better than to use waste water. If it was just about water then ANY new mining projects woudl be put on hold and no EISAs granted, it would be a non starter. We would have known long ago that we couldn't use water, Government have to be seen to be thougthful in how the country's water reservres are being utilised and fidn the minimal impact solution that waste water must be seen as. The Government are going all out in stasrting to projects to either store more water (reservoir building) and new water (desalination plants) to ofrfset future burdens on the water resources. All the while the Gov are mindful of 'trade' and 'tax income' that can help pay for these changes. You cannot wholesale stop business, you need it, money turn the cogs of the country.
didn't take long
Some more in the ISA, need to protect that profit from the bad man.....
I'm one of the first two!
Jeez must we always go over this.... Progress is BKT progress! Without that ACP didn't get roads, hydro electricity and rail sidings. You'd also have been shafted on finance and offtakes 2 yrs ago compared to what is in market now. BKT has tier 1 crawling over it and Walkabout just got senior debt of $25m from a fund!
We have swapped legal documents so something progressed with Gov in terms of agreement to be put in writing. Only recently have others progressed this.... BKT is the star attraction, the investment it brings lights up (excuse pun) the whole region and will allow many others to thrive. Ecograf tapping into the new substation is perfect example of others benefiting.
Seems everyone in country is in the belief that BKT is going to be financed and that they will get the electricity to Mahenge! Without BKT there won't be any electric in Mahenge to tap into.