Member Info for AIMtodeath

But boy are those warrant sellers making every % worked for!

News flash building the mine before BKT means, you spend more money building mine (you build roads for them) and have lesser ESG credentials using Diesel Gens/350km extra in road miles and greater cost in fuel........or you come in behind them and have hydro electricity and rail sidings to use in transport to market, plus hydro electric savings and ESG boost...

Desperate longs/traders will take any deal and any form of mine, investors want the best option for long term costs and ESG credentials.

However, I believe you couldn't build now if you tried, because Tanz would stop you as you either develop the region or you get in line. Faru the mix of BKT and Gov are moving foward together to enhance and develop the region for all to follow......why fight agaisnt it? ACP mine build is 6 months faster than BKT so have time in hand to catch up. You will not be mining before BKT....fact.

Even a blind man can see why there is slow progress here.....just some cannot fathom the intellect to understand it.....

A legend in their own lunchbreak..... No one pays any attention anymore as it is mainly drivel, interspersed with childish name calling.....Though I am sure most people now just see a green dot instead.

Any extension whilst not favoured people just want it to go forward would be a strong signal that no matter what you are obvserving taking place it is all acceptable and in line with what the two parties expect and want. If this was not the case you would already know about it.

All applications/changes were put fwd last year so really looks like waiting on Cadastre to do the paperwork and I am sure Gov/Cadastre and JV have highlighted the importance of getting it all resolved and be able to tell the market at Indaba what a wonderful partnership and investment AA will bring to Zambia and the money they have commited in the next 5+yrs

Ubrix doing deals at their end - https://twitter.com/UrbixInc/status/1615878927335182336

SK on has a deal with Ford..... Looks like a potential BKT - Ubrix - SK On - Ford supply chain coming together

That is pretty much Tier as you can get using material next door..... Signals to market of the quality int he region.....and that region is about to be opened up with great ESG credentials now.

http://koreabizwire.com/posco-raises-us2-bln-via-overseas-debt-sale/237725

This appears to suggest that changes in assets were expected from the start of the deal in May 22 - The Agreement sets out the core principles under which the Joint Venture will be formed subject to satisfactory due diligence, a restructuring of the Company's assets in preparation for the Joint Venture......

There were licences coming up for renewal and due diligence to do meant deal was delayed first time due to Cadastre being closed as checks could not be done, once it opened on 19th Oct, the deal went from needing due dilgence to be done to working on signing docs and opening of the cadastre for new applications fulfilled the restructuring required and Anglo stepping in to keep the licence areas. So Cadastre are sorting out the licences and due diligence wording has been dropped.

See - https://www.dropbox.com/s/4m88yymofft6xre/ARCM%20Licences.jpg?dl=0

The whole thing was owned by Zamsort when it took over licence Kalaba Extension 19906-HQ-PL 100k hectares. Now this was first given in 2014 so by the time ARCM got near it, they had to give up 50%......That 50% became Zaco holding (light blue and green)..... Then approaching 2022 Zamsort gave up what is now Afrimin (white) and lately the Plant area (dark blue).....The remaining Zamsort area was renamed as being Handa (red), it appears to have had some extension to 2024. Afrimin appear to have got Chez West, Jatuma (Central African Resources (CARE) Limited - supposedly should have been next in line when it was given up), Zamsort plant area has Kalaba (Cupriferous Resources Limited - supposedly should have been next in line when it was given up) and Zaco is due for renewal, so it appears Anglo has been allowed to take what is much more than 50% to keep everyone happy (news suggested Zaco was not a new entity and should not have had it), they also encorporate little square for Fwiji (light blue) and rest of Zaco is (green).
Mining Licences - (yellow) is a Handa application that covers parts of Handa mostly, bits of Zaco and a random bit not covered before in (light pink) squiggle.
(dark pink) is 2 random Zaco licence applications

So despite all this shufflng AA are still up for a deal which has not changed in offering even Afrimin area was gone before the deal was struck, clearly discussions have gone on with the ministry as to best way to keep the licences in the deal and if there had been issues then the deal would have been stopped and publically confirmed. The Anglo area that was Zaco has to be to be in Anglos name so it can be brought back into the JV I suspect. Probably been allowed because Zambia are aware that drilling will commence stright away and X will be spent over the next 5 years etc, which is what they want to see and rather that than some 2 bit company with no money able to make a dent in it.

Bottom line deal is active and licences are shuffling/renamed to some plan that all parties are happy to remain in the deal.

The magic words - (but don't know)....but i am going to wildly speculate a lot.

ARCM and you lot live rent free in Bonanza's head..... very vocal about somethign he has no vested interest in. He can be found spouting on AD VFN too.....sad life you waste your energy with so much hate

In March 22 - After an extensive tender process, we are very pleased to award CPC Engineering the Detailed
Engineering Design contract for the Mahenge Graphite Mine. CPC Engineering has the right mix of
experience in designing and building graphite projects in Africa, but has also committed a very
experienced team to work on the FEED contract for Mahenge.

Oct 22 - Construction Management will be undertaken by an integrated team, which will be led by Black
Rock’s Construction Manager and consist of selected Black Rock personnel plus personnel from a
suitably qualified EPCM services company which will also be providing construction management
systems.
The rationale for using an integrated team approach is as follows:
? Promotes a flexible execution philosophy (EPC vs E/P/CM vs Self Perform work-packages)

It looks like they moved away from Chinese involvement and now they have IP on the final design, not sure they will hand over knowedge of CPC design to Chinese even for help inhouse. Think Posco involvement may have driven this.... its all about protectionism..

This guy might be taking a more lead role - Daniel Pantany, GM Engineering & Technical: Civil Engineer with over 22
years experience in mining project development in Africa and Australia
across a broad range of broad range of project delivery roles including
EPCM, EP, and lump sum EPC contracts. His most recent position was with
CPC Engineering including secondment as Project Engineering Manager for
Syrah’s Balama project. BKT’s Study Manager for Mahenge since 2018.

Blackrock have ZERO epcm contract, they actively moved away from thay and is mentioned in their latest info. They had an Aussie company CPC do the final FEED and they announced the mine build would be done internally with outside help...

KOD had already sold its soul to the devil getting a Chinese investor in and gobbled up a fair amount of holding during desperate times in Covid when finding funds was tough. But todays announcement shows what you could have to give away when you rely on a Chinese funder for paying the restaurant bill - https://twitter.com/KodalMinerals/status/1615987048078364675?t=Oxd5ND8huUPunsBYEw5Rtw&s=19

They will take 50% of the project and take shares in Kod itself. On one had that is a fair amount to give up in a lithium booming market but equally they will produce and that is the end goal. They are up 38% on that news despite the dilutive terms. As some of the posters below have said with a level head (as supposed to the twitter spivs telling you it will get to 64p on a home broker note or equal BKT that has 3x the NPV) there will be sacrifice. Accept that it is a real possibility and you eill not be disappointed ypu didn't get the promised land by twitter spivs. Graphite still harder to raise funds than lithium.
expect the worst case and be pleasantly surprised if it better.

Not sure that would affect bank announcements, completion another thing, but the banks in the bag welcome.

They are Australian and the banks won't be Chinese....

This is one of the things you are waiting on - https://blackrockmining.com.au/black-rock-signs-mou-for-grid-power-supply-to-mahenge/?doing_wp_cron=1674090320.3318829536437988281250

All those advantages to promote will be ACPs advantages too, but not all the effort to implement it and deliver it. Once BKT is financed you can then make the assumption that all that benefits this project too and advertise as such.

You do not waste money and time promoting.....waiting... It will be lost in the ether. A 10% up day and 3 down days....etc. Once the project can start to move behind BKT then they'll be singing like a canary.... You waste presentations and interviews on no new material. Get BKT finance out of the way you can then finalise DFS and promote the new figures and move fwd with everything else.
Latest early Feb was BKT prediction for Bank finalising their thing so time is closing in. Could be any day, who knows. Could have been a year ago but it wasn't....Ce la Vie....

This is horrifically conservative of course.....

Can you internally visualise it or must we learn of everything in life YOU find interesting, odd or weird?