Member Info for BwanaMakubwa

I have a similar problem re the SIPP. The only way that I can figure out mitigating the 55% income tax on anything over your lifetime allowance is by making EIS investments where 30% of the investment can be offset against income tax in the year you make the investment ,or the previous year. Problem is because this is early stage investing it is risky and finding a really successful company at such an early stage is hard. Also because they are private companies you cannot sell them until there is a liquidity event (IPO or sale).I have quite a few of these investments-3 have gone bust, but I have 2 which are going to make extraordinary returns. Not ideal, but the only way I can think of dealing with the lifetime allowance tax issue.

Bored PIs, bit of institutional selling, lacklustre oil price, fallow news period.This should all change in the next few weeks.Meanwhile look forward to your divis.

Agree too-but if you can afford to wait 4 years in HZM you will make a bucket load.In ACP we should make a bucket load in just over 2 years.GLA.

Very good find-very positive.Finally Tanzania may become a relatively safe foreign investment country.There investment Centre has historically been a joke.

Good find. I believe Angola is the biggest destination for British investment in Africa currently,plus they have applied to join the Commonwealth despite being an ex Portugese colony. Good Anglo Angolan relationships can only help the cause.

9-10p within 2 months of licence issue.There will be plenty of other new following on to drive the share price-new (hopefully high quality) Board members, offtakes, financing plans etc.Could be 15p or higher by year end.

...the overhang has finally gone. Hard to buy anything this morning....at last!!

The Three great things about this company are:
1.Quality of the graphite-amongst the purest in the world -hence I agree with Amaretto's comments on pricing below.
2.Capex only estimated at $39 million (£28.2m).
3.NPV at stated $430 million (£312 million) is on only 25% of the resource.Surely one can assume the remaining 75% is at least commercially viable even if not quite as pure as the measured 25% ?
So conservatively assuming of the £28.5 million capex £8 million is new equity at 5p (likely to be higher) we get new shares of 160 million giving us 703 million shares in total.My assumption is that the Company is acquired shortly before or after production starts.On that basis value has to be ascribed to the 75% of yet unmeasured resource.Assume Amaretto is right on his pricing assumption of $1334/t giving an NPV of $588 million (£426m) on 25% surely you can put a minimum value of at least £200 million on the unmeasured resource? Hence ascribing a £626 million NPV.(This sounds conservative to me, but I am unsure on how you value unmeasured resource-it must surly be ascribed value in M&A?).I am going to assume 40% NPV in a takeover and we get to market cap of £250 million or 35/36p a share.
Please note this is conservative on pricing of funding equity component, pricing of the 75% unmeasured resource and pricing of graphite.Please feel free to shoot down, just trying to work out my own targets.

A US OTE listing is really not going to do lot for them in reality and we are way too small yet for a listing on a major US exchange. Best to stick to AIM and TSX for now. A move off AIM to LSE would be a much better use of Company cash and resources.

Someone who actually gets it...!!!

Great-many thanks for posting Nutkins. So also confims-as expected no offtake news until final package announced. Thanks again great to have full clarity.

It is just to comply with slightly different Canadian rules-nothing to worry about.Same reason they removed the very useful NPV calculator from the website. Fortunately Luke kept the link and posts it occassionally.

I spoke to the Company 3/4 weeks ago and was assured the timing is still very much 1H,or I guess now 2Q.However,I agree the Chairman's wording is non commital-needs clarifying.

US£4 trillion, not GBP£.

Joe Biden is announcing his infrastructure spending plans today ahead of trying to get up to £4 trillion of infrastructure-roads and bridges-agreed by Congress.Even half that amount is mind boggling-think of the stainless steel consumption.
Still firmly of the opinion financing will be announced end of Q2, but expecting decent updates, including on Vermelho, in the meantime.

That was kind of my thinking Joe-one could argue our current register makers pretty vulnerable.Bybrook are essentially a distressed credit investor.With their size of holding they essentially hold all the cards of how they exit when they choose to exit.

If another company was to take the whole enterprise over for themselves I suspect its above the recent high price.

Agree Tony-but let's hope we are left alone for another 3 years!!

This is a question not a ramp.How attractive are we as an acquisition target at this valuation? My belief is some will take a look, even if it is a cursory glance.
Doc-any views on this from a Canadian perspective?

No that was Amne Suedi-she has gone too. We will get a new solicitor to sign a bigger and better deal

Qualia-I think Craig has summed it up. Offtake agreements may well be tied up with offtakers taking some equity. This will complicate the ability to RNS. The key thing is do not lose faith. I am confident the Board knows what it is doing and the more I think about it the more I believe last months opportunistic placing (although rather badly executed) was a genius decision and has put us in a much stronger bargaining position.