Member Info for AIMtodeath

https://twitter.com/HHichilema/status/1604083420027666434

You'd think this was the ONLY project in the entire world taking a long time to get an environmental permit.....

In the last 3 years EISA has become a monster to mining companies. Any sniff of being environmentally damaging you wouldn't get funding from decent sources as they do not want tarnished with the same brush. There was a large change in this EISA that has had to be reworked over for water, water being a big point in low water areas!

Anyone suggesting Gov trying to shaft a company, is saying a good to do business in country is willing to destruct its rating shafting an international company (even more so a UK company - great relationship between the countries) just so it can get the resource. That would be international investment suicide. Farcical suggestion.

What a load of tosh....

https://twitter.com/SecBlinken/status/1602805566220292096?t=C84woVmXHf1uOoKOMCNGMg&s=19

The DFS needs confirmation of BKT funding as a few areas within it require BKT to be funded and only recently have we been given visibility that BKT looks set for finance and now the infrastructure that they will produce as part of that. If there are any material changes in mine design and length of project no reason this can't be worked on now and this BKT centric items added before release. I see DFS H2 24. Current offtake discussions will probably influence any major changes to DFS to terms of market demands and the will to supply them.

Between now and finance there is much to release and PR will be better used promoting the new material released.
I am aware that negotiations are continuous in regards to offtake and finance, you build up relationships and talk interest long before you start putting pen to paper. You will have a good idea of interest and what they offer before you come into the final straight.

Tardis 16% will not be 6 months from now (Q1 likely) and BKT are max 3 months from funding 2 modules....These alone are huge milestones for us.
I would hope (HOPE) that seeing how far BKT are from finance and therefore albeit guaranteeing the infrastructure that ACP will rely on to benefit the long term prospects of the company, that ACP could feel more comfortable about factoring these items into the DFS update and get ahead of the game. I'd like to think they wouldn't sit doing nothing on the DFS until BKT actually 100% financed....you could easily be creating the document now with the assumptions of BKT being financed. ACP now knows what roads are being built, that hydro power will be piped in from day 1 and they could have access to the rail cargo. Unless they are doing something out of the blue with the production and mine life, pretty easy to start planning for these changes, but not releasing until BKT actually do get the funding so as not to get the DFS wrong if (IF) BKT didn't get funded (you make assumptions and then reality doesn't happen you would have to redo the DFS.....so you can see how BKT must get financed before the updated DFS can be released)....but seriously!!! BKT is getting funded! POSCO and UBRIX want that product. Tanz Gov all over BKT like a rash, they will be supporting tham from every angle, specifically with the infrastructure build out. so DFS could fall sooner than one might think, but defo after BKT get financed.
Also with these items almost in the bag, could ACP now make a move on offtakes feeling the end goal is closer? They must think about the final FEED studies too, maybe get an EPCM contract and build now pay later going on. Something tells me that POSCO has had influence on BKT not getting an EPCM contract, with no chinese offtakes Chinese maybe not interested in helping Korean's and US get the batttery fines?? Rarer things have happened. I think ACP will sell to Chinese traders and not interested in Tier 1 partnerships. Get the Chinese help to build, sell to the Chinese and prove up more resource then package it up and sell the whole thing to them in year 3 or 4....

Can imagine Xmas parties are going to be great this year.....everyone you talk to will get to hear about the story that one day a nasty man said the word 'imminent' and your life was forever over....Samaritans probably blocked your number.....Do you ring 999 forty times a day and complain to them?

I can see the green dot hard at the keyboard..... whatever it is that you are repeating ad finitum it has been said why do you have to say it EVERY day, what are your aims of repeating this, what do you want to happen?....Public square flogging of MB and you get to throw rotten tomatoes at him....make you feel better?
Imagine living with you and hearing the same £$%^"%$^" EVERY day....like a stuck record, they probably poured acid in their ears, then over dosed on pills and just to make sue they never had to hear you utter 'imminent' again.....threw themselves to the lions at the local zoo..... all that pain just to get away from you....

Ha....thought the same thing...

It also says dot the Is and cross the Ts and submission is complete.....all other components of the EISA are clearly accepted as they are not questioned. This is telegraphing to market they are on the final stretch, only minor confirmations required and was a month ago....So doubt minor will take much work to respond to and they are waiting the answers, I'd think they were put in as fast as they could.

They have $6million in the bank ... and financed to FID now.

Much of the last year money was actually developing the mine and getting ready for start of build.

I am sure they needed to reply to the questions on 28th, but minor probably relates to 'understandings' of x or y....When you say a pipeline will go from here to there will it be this side of a or b...etc.... When you prepare documents with language differences what you say and what is perceived can be different. These questions sound more like clarifications. The fact that nearly a month later EML are starting to up the legal aspects of offtakes moving to MOUs would sugegst they are comfortable enough to move these stages forward now. If you did not perceive you would be seeing EISA anytime soon you wouldn't be getting ink on paper.

2023 year end....just in case that was not obvious!....ha

In fact Strummer we are the ones that have doen the hard yards waiting for a change in the graphite macro space and the development of the region....those joining the party now get a steal of an entry and a far reduced timetable. In the next 12 months there will be big moves up here. Gov % is supposed to be locked down in % terms but it is dottign the Is and crosssing the Ts that is taking time. BKT really are int he final stretch of financing now, I'd say they are waiting on Ubrix to pull the string on financing Module 2 from the start. They are in a set timed phase for acceptance, reckon they have 60 days left before BKT can deal with others. Ubrix have said this is the best graphite they have tested in 35 miners! They will want this graphite from Mahenge and to get ahead of the game in US as a leading Anode supplier. But I'm sure they have their own Bankers to get money out of to help pay for BKT module 2.
Once these two things are inplace there is absolutely no reason why this should not move forward at a pace...DFS can be finalised, offtakes secured and finance by year end very doable.

The question here is would you rather the company went ahead and built the mine BEFORE BKT or AFTER!? Regardless of who said what and when, this is the case now, this is the investment now.

It is really that simple now..... It is in the best interests to everyone invested to build it AFTER.....It's a no brianer of a decision. Those that can't handle the SP are either naive/green investors, in over their heads or stuck traders.
Once BKT get financed there are many things that change in this project and ACP can actually say them as certainties.
POSCO and UBRIX Tier 1 graphite anode producers are using Mahenge Graphite
Tanzania graphite is financable
Infrastructure is built out to following companies' benefit

To the finance community and offtakers this is a positive sign for a graphite miner just up the road. The seal has been broken, the district is opened up with decent ESG credentials.
ACP's finalised DFS can now factor in Capex savings, Opex savings and promote higher ESG. This CANNOT take place until BKT is financed.....ever thought though that if BKT cannot get financed with Tier 1 offtakers outside of China with one of the world's best economics/quality resource ACP would!!!?? Better to wait and watch, see what the market will finance and let the area be opened up and money therefore saved. All people want is a higher SP and would rather anything happened to achieve that regardless of the long term SP and MCAP advantages of waiting.
What news can MB tell you? We are in discussions for Gov %....We know that. He cannot speak about the virtues of BKT building infrastructure until BKT can pay for it! He won't be signing offtakes until he needs to, the market is getting tighter the deals will be competing with each other as they look for supply to tie up.
But what you do know is the mine has great economics and the graphite is great and still in the ground, you have a mining licence and EISA......Now you are waiting for Gov % and BKT to finance so you can move forward with a better project/economics/ESG.

Here is what BKT has been engaging with -
Mr Ndunguru was speaking in Dodoma yesterday during a progress meeting with stakeholders of the Mahenge Graphite mine, which included representatives from the Ministry of Minerals, the Mining Commission, the Office of the Treasury Registrar, Tanzania Revenue Authority (TRA), Tanzania Electric Supply Company Limited (TANESCO), Tanzania-Zambia Railway Authority (TAZARA), Tanzania National Roads Agency (TANROADS) and Tanzania Ports Authority (TPA).

According to Mr Osman, Some of the key facilities and infrastructure which need to be addressed to make the project possible include, power supply to the mine site, building of suitable tarmac roads from Ifakara to the Mine site and rail transport from Ifakara to the Dar-es-Salaam Port through the TAZARA railway network.

Others, he said, are access to land at Ifakara with a railway siding connecting to the TAZARA railway network,

Tardis BKT just had a meeting with the top dogs across infrastructure the other day. The Gov being part of Faru are keen to help bring it to production and are throwing all the countries infrastructure groups at the project.
https://twitter.com/BlackRockMining/status/1594899771424399361

This includes paved highways to the north, upgraded higher voltage power lines linking to a new substation and railway sidings. These are all items that directly benefit ACP. ACP save on road paving, they should get direct electricity from stage 1 now instead of phase 2 and can benefit from rail travel instead of all by road.
There is Capex saving on roads, there is opex savings and ESG increase on electrical power use early on and rail use. Power currently has a 40% hydro blend but with a new hydro dam due for completion the hydro blend will increase.

https://twitter.com/aosmantz/status/1587850272365330441 - CEO looking at new sub station being built they will link to.

https://twitter.com/aosmantz/status/1597597766393397248 - CEO just hanging around the railway that the sidings will use

Blackrock and the Gov are driving forward with the setting up of a grpahite district with roads, hydro power and railways access...... best to let that get financed than you know where you stand in what you have to build and what upgraded infrastructure you can now use. Places ACP long term in a far better place.
BKT could probably have completed finance by now but again they have gone for a bigger infrastruture development with the Gov and secondly they are now waiting on Ubrix to sign off on helping them build stage 2 from the start. This changes the dynamic of the finance deal. It is very common for first past the post to develop the region and everyone else benefits, locals/country and any new miners. Look at Para region in Brazil, Vale did most of the hard yards, HZM can use the railroad and tap into the electrical infrastructure, ACP will do the same......just a pity BKT is still trying to complete all this.
All the while the market for graphite, price and desire for deals increases which is better long term too as we will no doubt strike better offtake and finance deals than even just a year ago. It is hard but one must learn to accept the wait has long term gains over short term SP pain.....however anyone new to the share is getting an f'ing steal now!

OMG!....These guys are valued at equiv £173m!

They just got 70% of their stage 1 in debt.....
Stage 1 $436m plus stage 2 $226m =$662m (vs $406m EML) for 1mt MOP over 30 years, $1.94b NPV post. (S1- 500k, S2 - 500k vs S1 735k EML)
Crikey way more capex, only 21% IRR, last 5-6 years has not actually been fully JORC yet! (EML 45% of already proven resource) Half production 500k then stage 2 500k
selling price $40 more than EML.

Seriously EML is undervalued compared to this project and better economics. Financing this will be walk in the park if they are throwing money at Highfield.
I suspect we will see a higher capex ourselves but maybe mitigated by other factors like the new decline, land purchase etc. No update on SOP.

https://youtu.be/BUMkmPmr0M4

Very positive.

https://www.whyafrica.co.za/emmersons-potash-in-morocco-important-for-africa/

And bulletin board hero
https://twitter.com/Share_Talk/status/1596955786466717697

I'm sure there will be a lot of dormant licences held by single individuals and not companies willing and able to drive forward exploration. Opportunists from previous admin, back handers and 'friends' looking to sell to incoming companies might be in for a shock....

The biggest sell before it of 100k was at 6.36p, so I doubt there would be 700k sat on BID at 6.41p since there were no big buys to warrant BID moving up and putting such a large dollop like that. I'd think it was more a Fill or Kill buy if anything because that was not sat on ASK either. I could see MMs happy to sell a chunk knowing they can then look to buy back (on a fast rise they do not want to be holding the baby and often light on BID, this gives them confidence to buy back).....Just do not see MMs happy to buy that much at such a good price FOK or not.