RE: RE: SP Drop30 Jun 2023 10:20
Do people read the information available and come to a logical conclusion or do they they read it, ignore it and craft an emotional response unrelated to the information?
Has there been a delay? - yes
Can you see and understand valid reasons for this delay? - yes, they are fairly obvious
Does this in any way suggest that the project can't regain foothold and progress when said reasons for delay are no longer in place? - no
Post delay obstacles the company will be operating under better EV and battery mineral markets therefore offtakes and finance deals will be better, have higher ESG credentials (see offtake and finance) and more likely than not going fwd with a higher NPV by just applying a minimum of $1300 basket price, with the possibility of $1500(as per peer comparison basket quality and breakdown).
Other than pure delay nothing else suggests a negative factor against the project and the EV narrative.
BKT is a billion $ multi bank high capex African first mover in Tanzania Mahenge region.... Those not experienced in international commodity finance might find this hard to believe... You don't finance this over night! It has tested BKT shareholders as much as us. The other side if finance is a region opened up with confidence from international banks, Tier 1 offtakers, infrastructure and strong ESG credentials for anyone else progressing.
Or I could just wah, wah, blame, blame and ignore ask that.