Member Info for AIMtodeath

Amtech well yes just one of many possibilities....but on the cusp of DFS, offtake and finance????Holding 2.2p shares is fairly risk free at this point.

General consensus on warrants is they are flipped beforehand. i.e. you sell to buy.

Good money in the coffers also. Lights won't go out anytime soon.

You wouldn't have got that liquidity yesterday. There was only 1 x 250k below 4.4p at 4.35 and a 50k....yesterday's 4 large sells give you the extra liquidity to snap up the 4.3s.

Oh I agree that the free carry is not the 'only' change in the DFS. Could be any number of things..
Earlier expansion
Longer mine life
Extra expansion and/or mine life
Basket price
Teaming up with BKT on infrastructure (rail sidings/hydro for stage one power)
Getting FEED finalised and therefore final costs on build type

I expect capex to be higher due to costs in general going up, but changed infrastructure might rise it a bit too (but save long term on opex and be more ESG so worth it). Though basket pricing should offset all of this and the free carry. Prices used were right in the price dip and EV expansion and future fines pricing would not have factored in the rapid expansion that has occurred, so given our close basket to BKT we can't be far iff 1300 and that's worth circ 30% increase to NPV alone.

BBN however BKT 'already' factored 16% free carry into their enhanced and previous DFS' so the figures wouldn't change.
They are the only company I have seen that did that in advance.

So the DFS will change with the insertion of this free carry as ownership WILL change the economics of ACPs holding. However, other factors especially basket price increases should offset sufficiently.

Yes putting 16% in shouldn't take much mathematical prowess but if you have enchanced the DFS (I assume it has had some interesting changes or wouldn't have taken this long) you might as well wait until the final piece of jigsaw is in place before releasing.

B&I within your own provider should be utterly painless. You always see a sell first right at the bottom of the spread and then a buy seconds later for peanuts more. So example 4.2 and 4.215, both appear as sells. So you lose a handful at most. Moving from a share account to another provider of an ISA you'd have to do yourself. But even at today's circ 3.5% the savings on the profit would far out way the 3.5%

ACP and Gov need to agree and sign Tanzania free carry. That free carry when confirmed needs fed into DFS.... So until that is in writing dfs completion waits.

But neither can he..... That's the point! You want something to happen that can't happen. Don't blame a company or its CEO about the speed at which an African country Gov acts.... The same negotiating team that was used by BKT is on the case, so they are familiar with the process and those involved, ACP is using the leverage that it can already.

Get on the phone see how you get on pushing the tanzania Gov into a decision and doing their paperwork......

If you want to sell you need plenty of prospecting ground to lengthen mine life as a sweetener

Think it was Ecograf.... Our neighbours but reasonably pants economics for their mine.

ACP has had the existing prospecting licence areas outside the mine licence pre approved for renewal but they have also applied for prospecting on 3 additional large areas surrounding existing licences.
I believe MBs future plans may involve going downstream (needs to be more processing outside of China and for ESG purposes less moving material around the world to fulfill each process is beneficial... Also for EU/US supply they will want supply chains outsude if China, so look for finance and partnerships in future as they try to tie up non Chinese supply etc) , but you need to prove up some more resources to supply and make it worth it over many years.... If not they need to plan for 20years+ supply using high TGC feedstock to stay ahead of the pack in returns even during low prices.
Also why wait for new mines to come on line when it is way easier to expand and finance an existing high cash return mine using some of the best quality graphite in the world. Tanzania will become the next biggest producer in time, the material is just too good to be ignored and due to quality and grades the economics are great.

I didn't mean they had to sign it off per say, but you'd need to present them the latest business case so they knew what they were getting into and what you were bringing to the country etc. I should imagine a very lucrative and safe economic project would get favourable backing. They want it to succeed too. I like that ACP are getting more prospecting areas, good sign that ACP is there for the long haul and considered a safe bet. Would a project with crap economics and low IRR be given expansion possibilities?

Warrants, yes that crossed my mind but wasn't that info out before all paperwork and payments for warrants might have been complete? It still does not explain the complete no brainer of converting using either existing shares or converting to sell, was enough in it to make a decent turn. I could understand strike price level or above SP causing forfeit.
Start of month block listing will tell all.

16% seems to be the figure mentioned in laws etc and applied to the other 3 already gone. But they still need to give their intention to commit etc and to therefore finalise the DFS based on their commitment or not.
basket pricing was done during the pricing lows and sure that forecasts were equally conservative (though some pees have very high basket prices, to help their awful economics.... Watch out for 6% NPV tricks too!) when considering battery fines pricing ahead compared to the EV explosion and quickly rising prices. ACP has a very similar basket to BKT in every sense and they have continued with $1300 so that is worth 30% ounces to ACP NPV. That more than offsets the 16%....however the big unknown is mine life extensions and/or output increases in a 3rd expansion.... That would be nice to see, they certainly took plenty of time on DFS for only getting new costs and a basket price change!?? Must be more to it. Might see hydro power for stage 1 now and something on rail transport, which would have been agreed with BKT as they'd be sharing infrastructure.
The new prospective ground suggests mine life and output expansion in the future, but also Gov support giving ACP the rights to apply for the ground.
A lot in play, but even at the bare minimum I'm sure any basket case increase will absorb the Gov 16% so everything else is a bonus.
US and EU desperate to secure supply chains away from China but that might be likely with the large flakes, I suspect due to all processing in China the battery fines will go east.... Builders and finance could well be Asian too. 2 years ago id say it was all tied into China but must have western offtake /finance interested now too. I hate the delays but what a difference the market is now and ti what prices and deals for offtake and finance ACP would get now! Silver lining??

Nothing on offer and they bid up quickly to find sellers to get stock.... This is a good thing... Ha. Try buying volume now!
Unless K sells his dregs to fund his shut down mining operation in Ukraine... My heart bleeds. Must admit MB has bled him dry by not giving him any extra value before it can't be held back. Once the news flows I suspect MB will sing like a canary because you can't put the news back might as well ride the wave. Pumping the SP with no concrete news would just have given K more money albeit we have to undure low prices and new entrants like Strummer get to fill their pockets on Ks misfortune /investment decisions.

Isle,
The only person required to notify of warrant conversion is the director. Individuals will not notify or be broken down in the block listing. The block listing had been reported end of month several times and I don't see that changing necessarily. We will just get told total conversion and any forfeited. At 2.2p I'd be surprised anyone would forfeit them it was easy money if you wanted the quick sell... Or if you wanted a bigger position 2.2p was a gift.
K has a new Volt share offer coming up he probably cashed in, but block listing will not tell us who took what just the totals. However if he was short of cash, you would convert 1m warrants, sell them, buy 2m warrants, sell them, buy 3m warrants, sell them etc if you were desperate.
Dee, I wouldn't call that FOMO, just a lack of sellers to reverse what has been a steady share purchase going on since 2.2p warrants came to en end. I look forward to FOMO though! When the genie is finally released.

Gov now holding up DFS, as soon as they agree their cut DFS can be released I'd have thought, given ACP would have had to present to them the final economics. Now that the process has been done anyway by BKT and 2 others the process should be somewhat ironed out.
Then should follow deals as the economics get the go ahead and last obstacle to start mining is cleared.

Free fee trading platforms.

Dry your eyes....

Block buyer had to up their buy rate when that RNS landed.... Nice 250k at 4.385p into close shows the importance of seeing a director with decent skin in the game is to some and a good reminder to the market how much MB has at stake here. He can't make a decent return until we do....

Just highlights how silly the comments were.... Whether intentional or believed.