Member Info for AIMtodeath

Ahh the usual no source, no reasoning, no analysis....

Emmersons readying of the site is pretty much done, those things you mention are outside contractors and no doubt the final water solution is holding up those designs.

BKT proceeding is not being held up or restricted by Gov.... They are very much onside, they are getting help to improve road infrastructure and electricity to new areas. This in turn helps ANY business working in that region too. Giv will be keen to progress anyone else locally once they get BKT over the line. No point signing 10 extra nrw deals when you need the first one out of the blocks.

To put the mining department admin into prospective they didn't refresh the mining Cadastre website for over 2 months.

When you have all the work out if the way and you are waiting for the final few milestones things are quiet. No more drilling, results, testing, results, scoping, PFS, DFS always things going on.

Because I provide plausible reasoning and analysis of the situation instead of whinging like a ******* and spouting random untruths...??

The company are very aware.... Certificates get compromised, servers go down, maintenance happens, denial of service attacks on servers, etc. Any number of things

Apples and oranges Amtech....

1. Road infrastructure needed upgraded to paved from Mahenge to main highway, this will be taken care of by BKT. Only road infrastructure is to Mahenge now and that's on ACP doorstep.

2. Take a look at the costs to relocate at BKT, they had to build a whole village for the significant amount of people more than ACP will have to move. This was a substantial amount of the increase. Read the whole breakdown where the significant costs where. Also to note they increased their contingency too, it was only 10% before and ACP already using 15%

It will.

New additions/changes -

Less roads to be built (BKT need to build some ahead of ACP - less Capex)

Should think no diesel gens for stage 1 (BKT bringing hydro electric to area - better ESG and lower Opex, also depends on whether ACP was buying gens or renting them as to further savings)

Potential for rail transport for 380km (BKT getting rail sidings put in locally - ESG improvements and lower Opex/transport costs)

Basket pricing, was $1112, given closeness to BKT basket makeup should go up to minimum $1300, possibly closer to $1500. Thus will bring substantial NPV lift.

offset above with rising costs of capex probably 10% minimum(though some capex removed) and GOV % to factor in.

Overall I still see a rise in NPV the basket pricing alone will ensure this

They said as much last year. They changed the water source and the tailings dam changed from wet to dry. They would have had work to do on that to prove concept before resubmission. It was a defacto rejection of an element of EISA. They didn't tell us, they did the work and then in update mentioned changes they made. Someone suggested that all was well then a certain MP kicked a fuss up and changes were requested. I believe at first water was from a river, then from the reservoir and now waste water. All part of a n evolving EISA.... discussions lead to questions /requests for more detailed info/agreed changes.... Reason plant design is not complete because EML still waiting to get green light on current water plan? Your plans include water source and the pipeline for it etc.

The EISA is also a step by step thing wrre they deal with certain areas, clear that up and move onto something else in detail. For example the roads for access and transport to port come under social and they were only finalised nit that long ago. Those would plans would have to be assessed and approved too..

It wasn't a delay, but a reconfiguration of the EISA was required and resubmitted....

The best time to visit Tanzania for a safari is during the dry season from late June to October. Tanzania has two distinct rainy seasons: April to May (the 'long rains') and November to December (the 'short rains').

Err, the work was in preparation for the dry season.... It is only turned dry season now, soooooo they only start drilling now.....

Jesus wept!.... They can't force the Government to give the EISA....

If the choice of water was a no go you'd definitely know by now. And EML wouldn't have had all that podium action at that event.

Blackrock is rhe largest graphite play in Mahenge and in partnership with the Tanz Gov are going to open up the region with better infrastructure, roads ACP will no longer have to build, hydro power via electrical connection and negotiated rail access not far away for transport to port instead of trucking the whole distance..... All very helpful updates that improved costs and ESG long term. Nothing happens in Mahenge until BKT and Gov get the finance to do this. It would bw foolish to try to beat this and Gov wants to see it happen first.

The management that is 10 deep with huge a salaries that took 3 years to get finance?

They have openly been referencing BKT of late and without saying we are waiting or been made to wait.... A blind person can see nothing is happening in Mahenge without BKT first. Only other company in Mahenge that has the Gov deal signed was Ecograf and I'm sure they have been around longer than BKT! They had been discussing Gov deal years before us, but they were not ready to move forward at the pace of BKT which became the lead company. Ecograf graphite mine is not very good, their value is down to their downstream business hence no rush to develop. They appear happy to wait for BKT to build electricity supply, as Ecograf only just signed a deal with Gov dept to get the supply.... But this can only happen post BKT.

Covid came along or did you miss that? EV market and graphite market dumped and as things recovered BKT looked nailed on to progress..... at that time I'm sure it was appropriate to think ACP would fall in behind them given A. BKT longer build time and B. Their new plans to bring on the infrastructure....... Hands up if you thought BKT would be faffing around still trying to get their finance sorted? We wouldn't be were we are today with Covid and unforseen length of time for BKT to progress.

It would be foolish to pave ahead with the current DFS plans and low ESG versus the now potential enhanced infrastructure.... Albeit one can not put out plans for this 'new' infrastructure DFS when the company instigating and leading this infrastructure hasn't got the money yet to do it! The moment that happens... Which could easily been a year ago.... ACP and others can all start planning fully for the new infrastructure, publish documents like DFS' and publicly talk about savings from the changes and promote the newly enhanced ESG credentials...... ALL AFTER THE COMPANY ENABLING IT IS FINANCED!!... It really isn't a hard concept to get one's head around...

All warrants are now off the table bar 7p ones, bolstering the finances through this wait and no raise to keep the lights on. So we've come out the other side of Covid, hit inflation and war.... EVs have now recovered and pushing on, at tipping point to deficit if projections by 'industry professionals' are right, Tier 1 offtakers now in the market for graphite and particularly graphite from Mahenge.... Tier 1 car OEMs starting to secure future minerals so they can guarantee their battery supply etc. Upgraded ESG will be paramount going fwd with these type buyers in the market now......

The EV /BATTERY and graphite space is a million miles away from 2 years ago, this project still has astounding economics in any mineral space and has highly sought after low impurity, high grade graphite with a deficit approaching.... You might have got your money back last year on poor finance, bad offtake deals and low ESG for all of stage 1....but I'm here for divs and the future is brighter on every metric now for ACP than the past.

The concept of C1 might be universal, but often if one reads the small print one company's C1 is not the same as another. It is open to preference as to what it contains, but notes should confirm the exact make up. I was comparing some lithium companies and they differed in what they chose as their C1 definition. Think it was PLS and SAV.

When comparing the SP of EML post EISA Highfields was a lot higher such that 19p EML money would have been a comparison nit that long ago, but Highfields got hammered down when it was delayed due to the last permits not granted, which is why they are where they are now. So 12p minimum 15p mid, 19p top end, but this will not be achieved over night if EML still at 5p when EISA drops.

AIC normally seen as AISC.

Other things to look for when comparing figures for companies NPV discount rates some use as low as 6, most 8 or 10. When a NPV is well over $500m those % can make a difference if ypu are comparing basic NPV. Careful looking at Australian registered companies they often quote $ but that refers to AUS $ not US $.... If they quote US$ they'd like tag it as such.

Funny that your opinion is in direct opposite to ALL professional forecast opinions.... Who'd have thought

Oh Amtech you are so edgy... Whatever inflationary costs add to the DFS I suspect the lift in basket price to more than compensate any negative this causes. There are savings in some roads out of Mahenge and no diesel gens to buy/rent as another offset. All coupled to long term advantages of having far better ESG credentials opening up wider audience of offtakers /end users... Ying and yang.

People on AIM but shares going into liquidation to make a buck or two.... If a share has progress people will come....