Member Info for BwanaMakubwa

....this will be us in 2-3 years-if not before.Hold tight!!

"Definitely" if it was all in your name!!

I think you are looking at the wrong share Lawrence!!:)

It has been nearly 7 months since the ML was granted and we have had no real operational update since then.What we have had is:
1)The appointment of an apparently very experienced project director in December to get the mine built.
2)The appointment of a Blackrock proven consultant in February to agree/negotiate the Government free carry.
3)The conversion in March of 7.8m warrants into 2.2p shares by our CEO at a cost to him of £172k and a resulting enlarged shareholding for him of 9.74% of the total capital outstanding.
This all tells us the following:
1)The mine is going to get built by us.
2)The Government carry should be forthcoming in a decent timeframe and as AIM says below should come in at the standard 16%.I completely agree with JSD71 below that this carry is good news as it is in a way an insurance policy against further Government meddling, and against the backdrop of some African mining mishaps, is in fact a very reasonable price to pay for insurance.Anyone who remembers the Acacia Mining scandal in Tanzania in 2017 will get my drift here-fortunately that was in the Magafuli era, Samia Hassan and her team have taken a genuinely much more enlightened approach to foreign mining companies and it is only fair that Tanzania benefits from the success of these companies.
3)Matt Bull is very confidant of the future-why else commit £172k further to the project if it is not going to suceed.
I have been as frustrated as all of us by the lack of operational news, but I feel it has to be very close now and when it comes it will be very good.I also think the 7 months wait for operational news has been too much for many weak holders and they have exited with Kabunga leaving quite a few LTHs the opportunity to pick up more shares and a few new guys like Strummer (a known LTH) to build positions.My hope therefore is that when news does land the shares will move pretty sharply as LTHs hold tight.There will of course be some derisking,but hopefully the quality of news will offset this with new money arriving.Hopefully MB will assist this process with plenty of comms, interviews etc.Pointless him doing those now as he cannot tell us anything as he will be in a very rigid "quiet period" as he negotiates offtakes,finance etc.
GLA this will fly at some point and that point is edging closer-we know that and the market makers do too apparently.

What will it take to get these shares going? Hopefully a bit of Vermelho news in a few months.

Complete joke...the CBOE must be licking their lips.

Well thank goodness we do not have to do another equity placing for a very long time.We can certainly plan and build mines, but we have no clue about placing stock in sticky hands away from the cornerstones.

Strummer-he is highly knowledgeable, highly researched, but simply does not suffer fools as much as some of us do.I ALWAYS read his commentary and respect his views.
As far as ACP is concerned I am also in pretty heavily and have been for a while-I am expecting operational news before month end.Mine build may be a little delayed, but I think a few months delay will be more than offset by a minimally dilutive finance deal, though I assume inflation will have pushed mine build costs up to cc$45m from $39m.
MB gets a lot of flack for poor comms and running the Company like a private business, to an extent this is justified, but give me a highly incentivised CEO who pumps substantial amounts of his own money into a business ahead of the lifestyle majority here on AIM.Quite frankly as long as he delivers, I for one , am more than happy to tolerate a private company style approach to management.
Finally the shares would be nearer 8p now without Kabunga-he is nearly gone and given many of us excellent entry/topping up prices.

http://www.cantorcanada.com/sites/default/files/Nickel%20Update_20220311_publish_0.pdf

Of course he has not sold any shares-he would have to RNS that and he cannot sell at the moment anyway as he is in a closed period.He will sell when ACP gets taken out in 3-5 years.He has simply converted his warrants to ordinary shares at a cost to him personally of £172,750 and benefit to the company of £172,.750.He is here for the long term and is not selling-why on earth would anyone at a £22m market cap?

Dan in volatile markets market makers often widen the spread-hence reducing their own risk.

Thanks TDT2-very interesting article.Yes looks like GLEN could have played a blinder.

Would very much welcome your thoughts generally on nickel-always read your views and input.

As several have alluded to below-the chances of us getting a very favourable JV on V have just massively increased.Maybe a full offer for V alone in time, but I kind of hope not.

Bollinger at 30p Dan:)

Excellent summary AIM.

https://uk.investing.com/analysis/nickel-huge-rally-could-get-even-bigger-on-russian-sanctions-200511795

Unsuprisingly in this environment commodity majors are performing strongly. Funded juniors will eventually follow as they did in the 2004-08 super cycle.

Given current geopolitical events/war I think we should just be grateful that we are more than adequately funded (despite dilution misgivings) and in a pretty safe jurisdiction.

Agree with that Wasa-I added more yesterday at 3.68p-probably premature given the news today. Expecting news to start flowing after first warrant expiry on March 11th.