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New buyers from western countries and Tier 1s. Since licence US IFA has kicked off, EU signed critcal minerals act, there will be big demand comign for non chinese graphite and you need to be ESG friendly to get a seat at the table. Diesel gens and 360km of road trucking not as favourable as hydro power and rail. The port is one of the biggest in Africa and has many 'empty' containers returning home that cost little to fill making it favourable to import from as shipping costs are low.
As for finance due diligence at ACP, i doubt we need to tap Tier 1 international banks as the Capex is small in comparison and won't require the same depth, albeit donkey work risk assessment already done by bigger players. You can afford high rates of interest as you have such a short payback period etc.
The SP along with many other junior miners since Covid/inflation/russia etc have been hit hard, a stalled project more so has felt the heat but the economics have not changed, the quality has not changed and the EV narrative and deals is in much better place now, the SP will correct when progress is seen.
Then there is all the project design and material test work done on virtually the same material as ACP's means you hire the same company at ACP who can use BKT blueprints to come to final design for ACP much faster.
I'm not sure that was the intent after mining licence issued, however BKT was always going to be before ACP due to their advanced project over ACP. EV narrative struggled after Covid and everything slowed down in the sector....by the time that improved BKT/Tanz had new ideas on country development, plus BKT needed to up its ESG credentials, hence the hydro power line and rail sidings. There is ONE main road out to the major highway that all Mahenge miners will use, the first to develop gets the job of building it up/paving it and BKT would have had to build that anyway. ACP original DFS assumed ACP would have to build certain roads that now transpores BKT will have to build/improve anyway. So it then makes sense to fall in behind such a major project (do not forget many miners starting out now, are piggy backing onto majors who came in and developed electric and rail links to backwater regions, see VALE in Brazil for example)....a project that was due to have credit term sheets nearly a YEAR ago, even an advanced project with Tier 1 backing has had to wait this long. It was not helped by the extra build out and the almost changed plans to build 2 stages at once.
You might not like the wait but the EV and graphite narrative took a dip after licence and since then the situation has improved on many fronts, plus the demand profile is way better, leading to more favourable deals than you would have got 2 years ago. You now have saved some capex on certain road infrastructure, hydro power (cheaper opex and ESG credentials improve for western and teir 1 buyers) from stage 1 and rail transport taking 360km road out of equation (cheaper opex and ESG credentials improve for western and teir 1 buyers). Better choice of offtakers that will provide better deals.
You are not waiting for BKT to build the infrastructure just that they have the money to do it, our build was what 12 months? so whilst BKT start their build ACP can crack on with catching up and start build to end any time 'just after' BKT is starting production and all infrastructure is complete. No point being ready before they are.
Any call for just charge ahead negate all the advantages listed and secondly I think everyone else has been queued by the Gov, with them not finalising Gov deals for others, BKT is a flagship Teir 1 infrastructure developing project they are 100% behind and focused on. There is no point them wasting time bringing 5 other projects along when none of them can get the kind of life changing infrastructure BKT is going bring for the region's population and to further enhance the other companies that will operate there too.
Going first is the hardest, second onwards the world sees a region that has Tier 1 material, Tier 1 offtakers and international finance banking approving build after significant due diligence.....anyone else coming to party will be soothed by that very fact. The region is derisked to an extent and carrys high ESG credentials now too opening up new bu
This is likely fallout from HZM. Margin calls and bottom catchers having a go.
Vaguely interesting enough for a giant like Anglo to put $80m into....
JV contains this sentence - All other substantive commercial terms of the proposed Joint Venture remain unchanged from those previously announced on 12 May 2022.
In May it says - making cash payments to Arc Minerals totalling up to USD 14,500,000, as follows:
Does not say at any time payments to the Unico holders. So either this deal is for 70% of 66% of Unico only or Anglo has another deal with the 33% holders, I imagine the cash payment is different for them (half what ARCM gets) but the total drilling expenditure is the same shared across both parties.
Anything else is conjecture with no visible wording to support.
Cry some more .... I hear kleenex are looking to sponsor whingers.
Okay stringer what do you think should have happened, gone ahead and tried to get finance to build mine ahead of BKT and ignored the benefits of this and paid for the roads for them?
This being done before large banks and Tier 1 offtakers have put their money where their mouth is, so I'm sure you'd have got good terms for finance and equity at a $1-1.1 to GBP low. See how WKT got shafted on finance recently by rushing in? Poor ESG would have got us the best offtake deals too no doubt... Not!
Wish we had you in charge, you sound real switched on.... Saved us millions.... Wait no, cost us millions extra
1. They are well capitalised
2. With all the UK/Morocco business currently taking place and being flaunted by respective representatives of Gov, it would be a bit rude to do a dirty on such a well publised British company, that wouldn't do relations any good. If the UK export Credit started pulling finance in the region it would hurt the Moroccans more overall.
For me this is more to do with Morocco publicly organising, signing off on and telling population about all the ways they are going to deal with water preservation over next 5-10 years before they start handing out licences to use water by companies. Bottom line if they deny EML use of even 'waste water' then no companies are going to even start exploring in the region never mind invest with fear of denied water use. Moroccans need to stay open for business and potash is a VERY IMPORTANT business to be ensuring succeeds. Hell you'd take water use off golf courses so you could ensure a company like this produced world and especially Africa food growing product. Only potash mine in Africa and you don't ensure it can operate.... That would look good. Then denying EML but letting OCP develop it is an international court battle Morocco would seek to avoid, they simply couldn't win. They then make themselves uninvestible on world stage by outside money for fear of being stitched up. Hard to swallow that whole idea I'm afraid. Some countries in Africa might be that ballsy but Morocco has a good reputation in sure it would like to keep.
King Eric.... It all makes sense now! Ha.
Whinged daily to the poor other 165 people having to endure their comical nonsense.
Its not 2 out of 100s, its just 2 recently that are common knowledge and relevant to this situation, contrary to popular belief I don't analyse 100s of shares daily, weekly and monthly....
I'll send you round a box of tissues you can dry your eyes and wipe the snot off your lip.
Dogs...
Imagine determining whether a company can be a certain price based solely on SP and belief of how it can change. Top investor... See PREM 0.04 to 1.00 in 2 years see KOD 0.025 to 0.9
And they were considered digs at the time and not very favourable economics....
I REST MY CASE!
Again no factual proof that this share can not hit 20p by the fact less posters.... Pipe dream to some currently BUT actual company valuations are based on real things like profit etc and if this is operating in a deficit market as predicted there is mo reason it cannot be called at 20p.Jyst because you can't value a company doesn't mean it can't happen.
In the world of Leathal mathematics and company valuation techniques perhaps 4-5p is all you can see..... Everyone else knows better.
Even the worst nightmare figures are 6p, so it is entirely up hill from there.... But you don't do figures, just random number generation from your head Leathal. Like buying at 3p you say you can't make money at 6p.....do enlighten me.... Pity Wasa answered the 6p question, because if love to have seen your workings for that.... Mind I'd have died by the time you came up with anything sensible, or fact based.
Please show me your workings on how when this is a producing mine in a graphite deficit and a minimum $300m+ post tax NPV (worst case after basket price increase) that it will not break 6p....
I'd think the last lot were fired for good reason and as ever we await an important milestone to redo website with the plethora of new info post moving forward. You'd only have to rewrite a lot of it not long after putting it up...... Assuming BKT finally gets finance nod and ACP can say and do a lot more based on that 'certainty' of roads, electricity and rail access.
Https helpful if you are using passwords and credit card data on a retail site or a social media/subscription type affair etc. Do you have any stored data on the server, like DOB, user name, password, address details or card credentials? No. Be nice to have but in reality makes little odds on a site you only read the content.
It's compounding events!.... My gosh you really make the most of being a complete tool. Everyone of those events has put back BKT too.
Yes they knew covid would happen, they knew this would cause a lul in EV advancement, they knew Russia would attack Ukraine and ultimately knew BKT would have to redo their DDS because of this then take well over a year longer than market thought to sort finance as their project and its affect on the Mahenge region would change significantly to include hydro power from stage 1 and rail use....
Even if a funding idea was in the bag you aren't hearing about it until BKT is financed, because it has no relevance then. ACP is not beating or going to build the mine before BKT build theirs. So that news would fall flat, however BKT funded that news means something much more, not only do they have means to build they have no obstacle plus that funding is for a build that has some capex savings and better ESG credentials. I'd nit be surprised that is what funding would be putting their bets down on.
If you cannot grasp the significance to Tanz, to Mahenge, to a high ESG good infrastructure graphite region with Tier 1 offtakers and partners as a step ACP is best waiting for then I don't know what to say. You also don't understand the hurdles that need taken before someone will sign off funding.... Err like Gov deal sorted (agreed and paperwork swapped but Gov on go slow for yes you guessed it, getting BKT sorted first).... Updated DFS.... which of course needs BKT financed so it can specifically lock on any caoex reductions, hydro electricity and rail transport for opex etc...
screaming I want this and that without giving due thought to how that prices works is wasting your time.
1. They've had to be very sensitive towards water usage, recently announcing a plethora of new water projects to enhance usable v water in the near future. I suspect they wanted am that announced before giving out licences to use water by companies, albeit EML is using waste water now.
2.its not just paperwork that they nod at and sign... Jeez