Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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.
- ARC would hold over 1/5 th of the asset and also have to find funds to develop a mine.
Seriously want company doesn't need to find funds to develop a mine? But then 65% is going to be lenders (no doubt jointly with errrrr Anglo) and if you are sat on a tier 1 find, they will throw money at you and I doubt the valuation at the time will break step to raise the additional equity. Do you just throw enough deramps at a board and hope one sticks in a blunderbuss fashion?
- The value in this share for a 5x/10x is now long term and depends on a tier 1 find, that means people who invested in 2019/2020 expecting a return within 6 months, could be waiting until 2025 onwards.
Its called INVESTING....jeez.
https://twitter.com/BlackRockMining/status/1641226843880820736?t=LPcMcsD34WdhSHZ_xXGQHA&s=19
I suspect like many companies until they have EISA and moving towards final finance they will be keeping powder dry, then you hit the market with everything you have PR wise when you have EISA..... You can only do so many PR stunts/media articles and interviews/presentations on the circuit, do them now then you can't really do them again in a few months time. It might massage the SP a bit in the interim but it'll not take it to 10p without the EISA. The EISA gets you 10p, the media gets you 15-20p after.....he says hopefully.
Jan 9th we have had a Q4 update and the setting out of the progress to come...... To note at this time in the cycle there is far less to shout about and report. Early in a company exploration, there is lots of things happening and lots of reporting, but at this end thigns are few and far between.
We are waiting Barr - Engineering is now 90% complete - infrastructure design undertaken by the Moroccan firm Reminex SA is 80% complete (out of EML control). EISA is ongoing (mainly out of EML control). Since then they have mandated lead arrangers for finance (they just had a meeting of all involved last week).
Jeez what more do you want!? Hey GC what did you have for breakfast?
Haha.....dear chrisler try using your mouth when you talk instead of that other hole you use so often.
Timelines and progress if EISA is not in their control!
You cannot comment on the ongoing EISA! Until it completes you say nothing. You put yourself in a corner otherwise.
Will mend it, Dear Henry....
Until the last day it can still be signed if they were gunning for it, you'd only extend early if you knew well in advance you'd not make it.
This extension ties in with the Cadastre saying licences will start being granted end of March. As long as they get done in that time frame in reason they don't sign, they've had long enough to think about it!... Ha. If they do extend can only be waiting for the Cadastre to do they paperwork. OR... was that pending transfer pending JV creation and legal entity to transfer to... Who knows, but who would keep an exclusivity agreement going 2 years of they were not committed.
All the damage has already been done with those warrants. Holders sold the **** out of them over last 2 years, but at least they are pretty much washed out now.
Contingency.
TRAFIGURA CO-HEAD OF METALS SAYS EXPECTS NEW RECORD HIGH COPPER PRICE WITHIN THE NEXT YEAR, COULD BREAK $12,000 A TONNE
Directors are OFTEN involved in other companies....this is nothing special
You do know that you see someone on filter has posted but the content is blank. So he knows you posted not the content.
No more..... ;)
Hard to buy out companies where 70% is being raised as debt. UK Export Credit doing EML a big favour by taking the lions share, derisks the other banks. OCP might come in for some equity so they can be involved early and get feet under table perhaps.
Someone getting large lumps on the cheap....