Hmmmm28 Jan 2020 17:21
May be wishful thinking this, but Iām pretty sure we canāt be far off some news anytime soon as the last corporate update actually said in the first paragraph Acp were targeting commercial production in H1 so by the end of June 2020 .... thatās just 5 months ...
These were what the Rns short term targets were as at 18/12
...Targeting commercial production of high-quality graphite concentrate from Mahenge in H1 2021
...Currently finalising DFS, with results due in early 2020 ā results to date have continually met or exceeded Board expectations
...Following results of the DFS, the Projectās commercialisation will be a primary focus with key objectives for 2020 including:
...Converting current MoUs with Chinese partners into binding off-take agreements
....Securing a binding commitment from one or more financial institutions to provide project finance - DFS results will better outline project finance requirements
....Undertaking a FEED study to position the Project as construction ready
.....Securing requisite regulatory and permitting approvals
The CEO comments at 18/12 were as follows
. We are set to begin 2020 in a strong position with an excellent project, high quality graphite concentrate, high calibre management team, ready customers and potential project finance providers.
Sounds good to me all that !!
The results of the DFS, ....which are due early in the New Year, ......will be a driving force in converting ongoing discussions with potential strategic partners into formal commercial agreements, and to this end we are confident the results will further highlight the strong value fundamentals of Mahenge.
So the boys need to get a wiggle on although I have to admit Iāve been adding big time at these levels as if this does deliver on the DFS as stated I canāt truly imagine they wont be able to raise 35 m dollars pretty sharpish , with the payback figures and such a quality in demand product like this has ... but time will tell as always GLA .. come on Acp !!
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