Member Info for AIMtodeath

So no constructive/logical reason.... Just a grumpy hunch...

They'll want it again when it can progress... This is the way...

So you think that in 2 years they won't have updated the DFS with huge increase in basket prices, had the Gov sign their end of the deal and got an offtake at the very least.... And not get to 4p? Given it hit 6p with less than that.... Righto... And by that stage if the forecasts are right graphite will be in a deficit and prices surging with desperate buyers....

1. Circumstance in general I think took ACP to point were rather than push ahead in a difficult post Covid market that taking advantage of a bigger project development was a longer term advantageous choice. Inflation will certainly affect both capex and opex to mitigate savings/benefits from BKT but the basket case price increase will be the biggest change and counter all negatives, so I'm looking for maintaining economic output and be pleasantly surprised if it boosts previous DFS numbers. Basket will jump from $1112 to a minimum $1300, with anything up to $1500 a possibility.

2. ACP hired the same team that negotiated the BKT deal in country.

This is past negotiations they have paperwork swapped, this for me is about Tanz Gov not taking on any new responsibilities/admin for more companies until they progress the ones they are involved with. They want a graphite district and they want all to suceed, what is point of signing 10 deals that you have to manage being part of from a team that was doing none of this 2 years ago, when you have bigger things to get on with like opening the district with a billion dollar project. Get that over the line and the rest can follow.

3. Depends if you sell project or company. But not much other than look for their next project.

You are in trouble, because they are looking for copper not jam.... Mining is up to 10 years investing.... Buckle up...

That's stupid...

Errr, they've started pre engineering drilling and re instated full offtake discussions and being backed up by Gov signing of deal plus it us beyond obvious that ALL graphite plays in Mahenge are following NKT which has a timescale in banks hands and ACP in turn is in their hands too....

How can you timescale anything not in your control!?

My take is once BKT finance and Gov continue to sign deals for those that are going to follow (they are building hotels in the area in anticipation of visitors related to mining activities!) because they want a graphite district supplying the world and in best interests to move forward, but right now it's extra admin that makes little difference until BKT moves..... Then timescales are more certain and decisions on last updates to DFS etc can take place and it can then be delivered to market with firm knowledge of infrastructure it will rely on.

What would you like them to tell you?

So despite you having knowledge of whom actual reports the actual transactions and responsibility thereof, those transactions are compiled and fed to market participants through data feeds...of which I referred to. I don't care how it got to the feed, just what the feed supplies LSE and what they do to show users the transactions.

Https://www.londonstockexchange.com/securities-trading/tradecho

Looks like Exchange gives firms a platform by which to report their trades which is then compiled and then..... Provided as a data feed...

All LSE do is buy a 'data feed' and report the transactions based on a binary decision on mid point...... This data feed can be got from the Exchange (shock horror) or other data feed compilers.

How that data gets compiled is semantics, what LSE and others do with it is the point. Some even tell you how they derive the buy/sell dignal.

LSE gets their feed from NBTrader and Digital Look.

The exchange is an over all name for the trading I used, If you look on Exchange website they do not post buy/sell but just the trade. Bottom line is the trades have no signal attached, no matter whom you offer up as the reporter of said trades. Obligations for whom reports it is here nor there... It is simply a trade at a price, albeit sell for one buy for another. Depends who you are as to which it is for you. But on LSE website it is a binary decision on L2 positions and mid point.

If you watch enough RSP you can see the MMs play all sorts of games. If a MM had a lot of stock to sell below ASK. Why would they move a BID up to give impression they were looking to buy, but not actually bid for any shares to buy above that raised BID?.... Because they have plenty to sell obviously, but this is signalling to market there has been buying interest such that bid is raised to create liquidity to service the buying..... That they are in fact actually desperate for.

Then there is 1 on Bid, 5 on ASK, with no shares available to buy RSP quote, then 5 on Bid and 1 on ASK but lots available to buy. In the second case many L2 watchers be going, heavily bid and only 1 MM on ask, when in fact the RSP ask is stuffed with shares to sell. Contradicting the L2 positions. Im sure they know that's how lots perceive the L2 picture.

Oh and they like to iceberg their intentions too, 150k that gets taken 10 times for example, yet they'll complain when you break an order down.

Its not even that complicated either....

London stock exchange reports trades, as a quantity of shares, price and time.... That's it. Raw trade. All trades are both a buy and sell! It depends which side of the book you are as to what it means to you. In Shares like this MMs are selling when you buy, buying when you sell. In BP I could sell to you, as you buy if I have DMA access etc.

BID and ASK create a MID POINT. Any trade reported below mid is flagged by likes of this site as a sell and vice versa a buy if above mid. If the MMs are trading in a very tight range like 3.3505 and 3.378 when BID is 3.5 and ASK is at 3.5 both transactions are below mid and get shown to you as sells on say this site. If a MM moved 3.5 to 3.4 ASK then the upper price would fall above mid then and be declared a buy on here. It's binary decision making.

So in a way MMs could move L2 prices out and in to create illusions if they wanted, however it does affect what CFD and spread betters pay, likewise MMs might move up ASK to make it more expensive for cfds etc and as a result inadvertently create buy/sell anomalies when the RSP quote price remains tight.

Worth noting that MMs often use L2 to spoof market depth on SETSqx Shares. Oe nice to create an illusion of buying or selling when the same MM is doing the opposite in the book. For example, moving up BID (but offers no shares) to appear like there is buying but sat inside ASK trying to offload lots of shares.

And MMs bid and ask positions can influence how trades are perceived, either be default or design.

And it's nothing to do with counter parties either....

take a break from trying to be a smart azz...

Imagine when people are old and time is short they will look back at the time they spent wasted trying to troll faceless people on a social media board.... And wonder what better use of their time they could have made... Or look in the mirror in disgust at the person they were...

I understand the wait as much as anyone, I didn't expect to tie up funds for so long, or long term projection so long as I'd like divs or sale in future. However, I've taken in the changing situation and understand the validity of it and also the inevitability of it that I nor anyone can change, certain things need to happen to progress in an improved company outlook but not in control of that time scale. Acceptance of the new timescales and future benefits is the only sane way,

Bit like being in the Sahara demanding rain, it ain't happening until the wet season no matter how much you demand it. ACP wet season is the other side of finance for them... And that's in the bank's timescales...

A lot of Zimmer frames at BKT then.... Is that a bad project? The finance part is pretty much out of their control until they get the nod from the banks. And banks do nothing quickly. Due to the complex nature of BKT partners and trying for two stages plus all the infrastructure teaming with Gov.... This is not straightforward and ACP has to watch it unfold first unfortunately. So people need to stop griping each day this continues as the modus operandii. Start causing a fuss of nowt happens after that, but until then expect thin on the ground notifiable information. He may have good discussions with offtake, he may have good discussions with finance but to shout about it, whilst will drive interest, that will wane and be wasted if BKT bank finance nod pushes into Q3. Once the chocks are off you start pushing with everything you have, to push before may provide some rest bite but not last long unless you can roll out onto the runway. The fact that BKT will actually build opens up many avenues of progress and decisions that otherwise can't be taken until that happens.

Why would you try to get finance and offtake based on you paying for infrastructure, road transport to port and buying and using diesel gens?.... When you can have roads done for you, rail and hydro power? Banks and offtakers (especially western linked) will prefer the later don't you think? Yeah if BKT didn't exist or was a mon starter due to economics ACP would have to power on with the original plan, but that has been superceded nit through choice but circumstance in that BKT is the driving entity, the Gov is pushing that and bringing along all the other stuff for the region and everyone else in Mahenge will follow but with the added benefits this brings.

I can't get my head around why people are struggling to understand this.

Oh poor stringer..... The Gov will have 16% of tgis 'production' will they deny themselves an extension?.... Also unless you are on a special licence everyone has to renew every 10 years. Good way to make sure companies mine by there ESG code etc.

See mm drop price find buyers to offset seller, price rises.... Bed wetting over for a few more minutes...

When a SP gets lower the % moves look higher, not a difficult concept. 0.05 or 0.1 move at this price is a bigger % than at 10p.

With such low volume it only takes one or two sellers to affect price quickly, MMs don't hang around to keep giving them a good price. Lower price, find buyers is the move they make. If people cannot understand basic price and volume action then they will moan, why this why that.

It is a complete pain the length of time for BKT to get financed but to say nothing will happen until next year here is rubbish, as soon as BKT is financed ACP has assurances x and y will take place in the region and factor that in to the project. Offtakes and finance are then more assured of these changes and benefits of roads, rail, hydro electricity and therefore better economics and ESG credentials. Until then it is a maybe, finance at BKT is then certainty to market. Equally any attempt to move forward is blocked by Tanz, they want and need BKT to be first, we just have to wait our turn.