Member Info for BwanaMakubwa

"The key take away for me is that there are quite a few very vocal posters that don't really understand R&D innovation driven businesses and risk adjusted future cashflows supporting market values for non profitable high growth businesses like ITX."
You have nailed it here Elsol. IP Group do understand this-that is entirely what they invest in-they will be as disappointed as the rest of us with the performance of late, but they invest patient, long term capital. I am now underwater here, but this is in my SIPP on a 5 year view, by which time I expect a price of 60-80p if not more.

Did you used to work for Orange Lawrence H...."The Future Is Bright" ?:))

Yes Investec-good to have another market maker -(theoretically) improves the liquidity.

...and offer remains steadfast at 6.7p.

Correct Steve-this is now completely out of ACP's hands.Apart from a large brown envelope-which they will be loathe to do-there is nothing they can really do.Proper Tanzanian bureaucracy.

...I just do not get this, it looks so manipulated to me.So far not a single buy....weird.

This "orphan" phase seems to have lasted a duration, but we are so nearly there now.I still suspect full announcement in the first 2 weeks of September,but would be glad to be proved wrong by an earlier RNS.
Craig has made a good point about the institutions-so far they are playing the start of the new super cycle through the majors-Glencore,BHP etc, but they will soon start to look for quality more geared junior plays.Fully funded and (hugely importantly) so ESG compliant we will be a prime candidate for institutional portfolio additions.I agree we will have traders along the way, but if HZM and Peel get their act together with some proper targeted blue chip institutional roadshows I can see this share blowing through any PI selling and marching to new highs in a fairly short timeframe.Good luck all.

That is what caught my eye Pauldrayton.Looks like this is done bar confirmation of appropriate funding.

"Probably The Best Investment Opportunity Of Our Lifetime ".....certainly one of them.
Just please do not sell out for at least 5 years JM.

Finally some decent early volume.Still need 7p to be paid and amazingly there are still sellers out there.I am generally not vindictive, but I hope these fools/manipulators live to regret their decisions.

Ah-sorry Scooby....me being thick-not unusual!!
Wish I had a bit of cash to count then I would be adding here-steal at under 5p!!

No Scooby-I live in Surrey not Sydney:))...that is how rumours start....plus I would have no clue how to negotiate an off take agreement!!

Lookslike they have negotiated $5m of off take prepayments.If we can replicate that and get our warrants exercised we are not going to have to issue much more equity at all.I hope Matt is negotiating hard with the potential off takers,could be very bullish.

...I think we already knew this, but adds an extra dose of certainty and probably means more favourable rates on the debt.

Early 2023.

A combination of warrant excercises, equity and debt. I do not think much more than $7 million of new equity required and I am hoping we have an industrial in our sights to cornerstone. Not worried about the financing though, this is relatively very small compared to my two other big holdings-HZM $430m and PRE $400m requirements.

We also have the August factor-everyone is on holiday.That is not meant to be flippant, my whole portfolio is in the August doldrums.

Yes-free ride.

It is worth reminding everyone that the Tanzanian Government will be awarded a 16% economic interest in ACP once mining license is awarded (or to be absolutely correct in the Mahenge mine).This should come as no surprise to any PI who has done a bit of DD and is widely known and in my opinion completely fair.

Just drove back from Cardiff to London.M4 Westbound was a solid traffic jam.People and the City have gone on holiday.Expect to hear the financing news in first two weeks of September now.But not fussed expecting a stonking announcement when it comes-much along the lines of what Wasa has been musing.Good weekend all.