Acp9 Feb 2021 13:30
My last post on here was 2/8 and Im still invested and like many others still waiting patiently
Back then I highlighted the application for a mining license had been applied for in July which was important from my perspective as the election wete looming in Nov altho we all knew at the time the Esia had still to be finalised and that being granted usually comes first b4 the ML is issued
I also pointed out my frustration at the time itās taken to resolve financing as the company have been churning out the same message from late 2019 that discussions are ongoing blah blah but still nothing as yet ... with the required amount being tiny in relation to its proven npv altho itās reasonable to expect financing to follow once the ML is in the bag and thatās fair enough
Itās been quite a journey seeing so many different posters over the past 18 months all say we are on the cusp , itās imminent and with good reason tbf as the economics here are mind blowingly excellent but itās now feb 2021 and yet here we are ..still waiting so it is frustrating thereās no doubt about that so safetrader , jsd, dambala , and the many lths here respect fellas genuinely mean that
Hereās an extract from Octoberās Rns to highlight the hope we all share
āWith project financing, a mining licence and commencement of mine construction all imminent, Mahenge, and indeed Armadale, is on the cusp of transformation. Ultimately, Mahengeās value potential is clear, and it is our responsibility and focus to convert this into meaningful returns for our stakeholders. To deliver on this, we have devised a staged development plan giving a fast-tracked, low-cost route to production. This is truly an exciting time of development.ā
I couldnāt agree more but this is mining and mining in Africa and it all takes time thatās plainly obvious so imminent and on the cusp mean nothing like what they normally mean ... but patience is needed in spades ... anyway fingers crossed itās soon whatever that means GLA