Member Info for AIMtodeath

559 days and you failed to act...

559 days!

1. If they said they were raising the money then people were legally bound to that. It is a contract.

2. Update is just an update and a reminder that not all is forgotten about graphite and it is still viable but awaiting the reasons stated. Many AIM explorers have multi commodity projects running concurrently.....The graphite is NOT progressing UNTIL a MORE FAVOURABLE position is in place to do so....concentrate all you like, it ain't happening without BKT.....or if BKT fails then back to plan A and build out roads ourselves, use diesel gens and truck it alllll the way to port and have poor ESG and smaller market opportunities....take your pick.

I apologise for underestimating Amthick's stupidity....I am led to believe it was 559 days knowing that imminent was not imminent and had every opportunity to walk away....must be the worst trader in AIM....

4. Total lie to say company said funded to production. RNS said 'bring the Project to the commencement of construction phase'.....albeit there are a few lines that talk about construction financing, however NOTHING says funded to production. That construction 'phase' is FEED studies and finance etc. so the end of the testing phases/economic studies and then the steps required to get it into construction. In any case NO company is going to get to 'production' without stumping up a portion of CAPEX unless they get a free carry by a partner buying in etc.

It did state that the raise was principally for DFS completion.

The CLN was for additional working capital

The raise - Amongst other things 'Complete DFS optimisation from detailed modelling of higher-grade zones to increase head grade in the mine schedule'. This proved to be a successful choice improving the economics.

Perhaps he should have just raised £2m and have been done with it.....however raises/CLNs were small and price of strike for them went up, rather than all £2m at 1.8p. Only a fool would believe that a company could do a DFS, have working capital, submit mining licences, do a FEED, do test work, submit an EISA.....with £500k.

Thing is no one was duped here in the fact that the share price rise from 1.8p to 6.2p after all these things happened....no one was complaining, so why are you complaining now?

Bit like Amthick that knew for 320 days of profit that imminent wasn't imminent, but choosing to ignore their own determination of that fact still held the shares and now blames someone else. They even said oh you are so right about the points 4 and 5.....yet they suffered ZERO loss of money because of this, they actually made money over this timescale. Complete hypocrite.

5. There are NO RNSs in H1 2020 that have the words 'finance imminent'. So that is another lie.

Feb 20 the Chairman stated this -Armadale Chairman, Nick Johansen, said: “With one of the largest high-grade resources in Tanzania this dovetails perfectly with our ongoing commitment to push the envelope to transform into an emerging producer by H1 2021.

So you can either not read or just lying again....

They RNS has reiterated that

1. Graphite is certainly looked at as a major contributor to current and future net zero

2. Changes in US and China push non Chinese graphite into a spot light of high demand low supply outside china

3. Things project waiting for enhance the project financials and ESG credentials widening customer base outside china (and potentially premiums paid to secure ESG material for Tier 1 and Western suppliers....i've read separately)

4. Which all means this project is still in play and the company are willing and ready to progress it when the conditions are in place to do so for maximum benefit to the project.....i.e. BKT gets financed essentially as that makes everything fall into place that helps all of the above. We nor the company AND ESPECIALLY BKT and its investors expected to still be arranging finance this long.

Did MB have a lobotomy?.......Maybe he has AI writing RNS'....ha

Rover, no point in paying for a FEED study if it lies on the shelf for 1-2 years awaiting conditions that will benefit the company and finance can be sought. It will be out of date in regards to process/design (things move on ) and costs will quickly change.

1. Infrastructure cost savings and ESG benefits from said infrastructure

2. If a billion dollar project doesn't get lift off, then hard sell for finance of a smaller project. Getting due diligence and a big project off the line makes it easier for subsequent projects to get finance due to derisking of the region and country and also to get better rates due to lower risk.

I'd say the trigger will be pulled on FEED update when BKT get financed and it is certain that the infrastructure will be paid for, giving certainty to the FEED study and the DFS for those savings and ESG benefits..

Outside factors have had a detrimental affect on progress, lead billion dollar project delayed with partners, then with finance and I am pretty sure the Gov wouldn't sanction any other project to move forward until its darling project bringing so many benefits to the region is in the bag. They will lift living standards in the area whilst creating a mining hub for jobs and taxes etc. ESG lift for whole region opening up trade worldwide rather than China.

Annoyed as many are, including me that we have been put in queue essentially, the development of the region and the 'long' term benefits to projects operating out of it are quite important in regards to money saved, derisked region and ESG. These are somewhat more important for a 15 yr project (as it stands) than the quest for people to breakeven/be in profit in the short term. Some people entered a trade, saw that that it was an investment, ignored their realisation for 320 days, went into a loss position and then whinge incessently on the internet that they were duped. Especially when they confirmed they already knew they were duped for 320 days, THEY (all their own choice at this stage, no one to blaim other than themselves) still held and still moan.......which is not you by the way...

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.