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8 Feb 2022 BKT Mahenge Graphite Mine Investor Presentation (22 Pages) slide 17

"Formal debt process underway, aiming to have debt in place by mid CY22"

Yet here we are end of 2023.....those pesky forward looking statements...

I must have misread this part.... The TAG provides for DFC to pay 50% of agreed costs within the Orom-Cross DFS, with Blencowe to provide the remainder.

You cannot suggest otherwise. To be competitive you need sub $100m capex, more than $400m pre tax NPV at 10%! and an IRR over 50%

They pump the SP so they can exit on your buying only to take warrants at the next fund raise..... you know the $5m coming in the very near future.

They forward sell on promotion then take the raise.... sell the shares on next pump then hold the warrants risk free....Rinse and repeat.

Tell me Amtech how long is imminent in your opinion?

Haha..... 'I've now traded back in and I want people to be nice to me after I spent the last year causing trouble abusing other users and making up negative comments on the company'....

TANESCO will own the power lines!!! Jeez give your 2 cells a rest.

The roads will be PUBLIC. They are mostly already there they are being upgraded to paved from dirt /stone.

Oh looky here for those that can read what does this mean....

https://www.ecograf.com.au/wp-content/uploads/2023/04/2535952.pdf

Quote 'EcoGraf Limited has entered

into a non-binding Memorandum of Understanding with Tanzania Electric Supply Company (TANESCO) for the development of transmission infrastructure for the supply of grid power to the Epanko Graphite Project.

Under the terms of the agreement, the parties will establish a Joint Technical Committee to

coordinate and manage the design and construction of a 33kV transmission line FROM the nearby town of MAHENGE to the Epanko Graphite Project. '

So...... How did the power get to Mahenge..... Wait for it.... Cogs turning.... Amazing isn't it!

Noooo idea....

Did you sell at 0.4p?...

Unbelievable reeeetards..... Mind boggles...

See UPL up 100% today...

To reiterate Wasa points

1. Hydro well advanced and was already in play long before BKT.....BKT is only putting in electrical connections to the grid to access the hydro power generated electricity (from Mahenge to Ifakara sub station). This is being built out by the Tanz Electric board. Note they do not have the issues of land as in HS2, sticking some pylons in the ground and no river newts to worry about. They just need the money up front to do it.

2. BKT will need to build road infrastructure to bring in equipment to the mine possibly, but in any case complete before they start production. However they are not new roads but upgrading existing roads to paved running from Mahenge to Ifakara (railway area), albeit a few local new roads to improve mine access.

3. Railway is operational, they have identified a piece of land adjacent to railway where they can build sidings to load onto rail at IFAKARA

Ifakara is circ 60km directly North of Mahenge

New buyers from western countries and Tier 1s. Since licence US IFA has kicked off, EU signed critcal minerals act, there will be big demand comign for non chinese graphite and you need to be ESG friendly to get a seat at the table. Diesel gens and 360km of road trucking not as favourable as hydro power and rail. The port is one of the biggest in Africa and has many 'empty' containers returning home that cost little to fill making it favourable to import from as shipping costs are low.

As for finance due diligence at ACP, i doubt we need to tap Tier 1 international banks as the Capex is small in comparison and won't require the same depth, albeit donkey work risk assessment already done by bigger players. You can afford high rates of interest as you have such a short payback period etc.

The SP along with many other junior miners since Covid/inflation/russia etc have been hit hard, a stalled project more so has felt the heat but the economics have not changed, the quality has not changed and the EV narrative and deals is in much better place now, the SP will correct when progress is seen.

Then there is all the project design and material test work done on virtually the same material as ACP's means you hire the same company at ACP who can use BKT blueprints to come to final design for ACP much faster.

I'm not sure that was the intent after mining licence issued, however BKT was always going to be before ACP due to their advanced project over ACP. EV narrative struggled after Covid and everything slowed down in the sector....by the time that improved BKT/Tanz had new ideas on country development, plus BKT needed to up its ESG credentials, hence the hydro power line and rail sidings. There is ONE main road out to the major highway that all Mahenge miners will use, the first to develop gets the job of building it up/paving it and BKT would have had to build that anyway. ACP original DFS assumed ACP would have to build certain roads that now transpores BKT will have to build/improve anyway. So it then makes sense to fall in behind such a major project (do not forget many miners starting out now, are piggy backing onto majors who came in and developed electric and rail links to backwater regions, see VALE in Brazil for example)....a project that was due to have credit term sheets nearly a YEAR ago, even an advanced project with Tier 1 backing has had to wait this long. It was not helped by the extra build out and the almost changed plans to build 2 stages at once.

You might not like the wait but the EV and graphite narrative took a dip after licence and since then the situation has improved on many fronts, plus the demand profile is way better, leading to more favourable deals than you would have got 2 years ago. You now have saved some capex on certain road infrastructure, hydro power (cheaper opex and ESG credentials improve for western and teir 1 buyers) from stage 1 and rail transport taking 360km road out of equation (cheaper opex and ESG credentials improve for western and teir 1 buyers). Better choice of offtakers that will provide better deals.

You are not waiting for BKT to build the infrastructure just that they have the money to do it, our build was what 12 months? so whilst BKT start their build ACP can crack on with catching up and start build to end any time 'just after' BKT is starting production and all infrastructure is complete. No point being ready before they are.

Any call for just charge ahead negate all the advantages listed and secondly I think everyone else has been queued by the Gov, with them not finalising Gov deals for others, BKT is a flagship Teir 1 infrastructure developing project they are 100% behind and focused on. There is no point them wasting time bringing 5 other projects along when none of them can get the kind of life changing infrastructure BKT is going bring for the region's population and to further enhance the other companies that will operate there too.

Going first is the hardest, second onwards the world sees a region that has Tier 1 material, Tier 1 offtakers and international finance banking approving build after significant due diligence.....anyone else coming to party will be soothed by that very fact. The region is derisked to an extent and carrys high ESG credentials now too opening up new bu

This is likely fallout from HZM. Margin calls and bottom catchers having a go.

Vaguely interesting enough for a giant like Anglo to put $80m into....

JV contains this sentence - All other substantive commercial terms of the proposed Joint Venture remain unchanged from those previously announced on 12 May 2022.

In May it says - making cash payments to Arc Minerals totalling up to USD 14,500,000, as follows:

Does not say at any time payments to the Unico holders. So either this deal is for 70% of 66% of Unico only or Anglo has another deal with the 33% holders, I imagine the cash payment is different for them (half what ARCM gets) but the total drilling expenditure is the same shared across both parties.

Anything else is conjecture with no visible wording to support.

Cry some more .... I hear kleenex are looking to sponsor whingers.

Okay stringer what do you think should have happened, gone ahead and tried to get finance to build mine ahead of BKT and ignored the benefits of this and paid for the roads for them?

This being done before large banks and Tier 1 offtakers have put their money where their mouth is, so I'm sure you'd have got good terms for finance and equity at a $1-1.1 to GBP low. See how WKT got shafted on finance recently by rushing in? Poor ESG would have got us the best offtake deals too no doubt... Not!

Wish we had you in charge, you sound real switched on.... Saved us millions.... Wait no, cost us millions extra

1. They are well capitalised

2. With all the UK/Morocco business currently taking place and being flaunted by respective representatives of Gov, it would be a bit rude to do a dirty on such a well publised British company, that wouldn't do relations any good. If the UK export Credit started pulling finance in the region it would hurt the Moroccans more overall.

For me this is more to do with Morocco publicly organising, signing off on and telling population about all the ways they are going to deal with water preservation over next 5-10 years before they start handing out licences to use water by companies. Bottom line if they deny EML use of even 'waste water' then no companies are going to even start exploring in the region never mind invest with fear of denied water use. Moroccans need to stay open for business and potash is a VERY IMPORTANT business to be ensuring succeeds. Hell you'd take water use off golf courses so you could ensure a company like this produced world and especially Africa food growing product. Only potash mine in Africa and you don't ensure it can operate.... That would look good. Then denying EML but letting OCP develop it is an international court battle Morocco would seek to avoid, they simply couldn't win. They then make themselves uninvestible on world stage by outside money for fear of being stitched up. Hard to swallow that whole idea I'm afraid. Some countries in Africa might be that ballsy but Morocco has a good reputation in sure it would like to keep.