Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
The quality of the decision made would all come down to the quality of the asset - Something I envisage we will shortly find out about.
If we start seeing grades of 20 g/t, I'd be 100% agreeing with you.
I'm expecting to see some grades that make it worthwhile pushing the boat out to buy, possibility for near term revenue, and easy access trucking and milling/tolling.
Show me that? It makes perfect sense. But I'd imagine we'd need to wait for that RNS to make that determination. That being said, the market doesn't seem to be reacting too poorly.
You keep speaking about warrant flippers etc, but I can't imagine the likes of Wasa (or myself) looking at this for quick flips - We've been invested for a while. There wasn't much forward selling - Look at the recent volume.
It's been mentioned here on so many occasions. Mahenge is waiting for infrastructure projects, and it's been mentioned by the company on several occasions that they're still in discussions with the Tanzanian government. I don't know why you're dismissing these things.
As you say, you don't like dilutions, yet you want to see the company exposed to $30 million of infrastructure projects?
Which is it? What would you prefer? Sit quiet in perpetuity? Continue to progress and dilute the entire Market Cap to build roads and power? Try and find a project that can get them cashflow positive?
Your posts aren't making arguments - It's just ranting. That's all.
You rant about Kabunga being given exit liquidity - Show me where and how.
You rant about a 16% dilution - 16% in How many years? every year? or just this one year in the past 3?
One Final point RHT99:
Do you know Jim Price?
You both seem to comment on the exact same shares. Him on Twitter. You on here:
ACP
MXO
STAR
AST
WSG
This is the one thing I hate about some of these forums. Anyone with any agenda can say what they want under a pseudonym.
Amtech - Great find on the other thread. I'll have a look at it, too.
RHT99 - Very pessimistic, which is fine.. But quite incorrect.
You're saying he created an exit for Kabunga? How? By being silent? He could have ramped for the past 2 years to create exit liquidity.
You're saying there's a fundraise: First one in how many years? Remind me the last time they went out to market?
You're saying MB's trying to keep his salary going: So he's paying in £100,000 to then pay himself £100,000. Factor in taxes etc, he's losing money with this argument.
If Kabunga is so smart, why did Volt Resources (Kabunga's Graphite Company) just announce Death Spiral Finance last night? That's what you'd prefer?
Clearly discussions with Tanzanian Government are taking time. Clearly from the progress update, it's holding things up.
I'll wait to see the ins and outs of this Silver project before jumping to conclusions.
if you're concerned over your loss here - Sell out, and put in all in BKT. I mean, that's heavily down too, so you should see parity in gains.
GRL - Remains to be seen
ACP - Progress unfolding, and let's watch it play out.
I too partook in the placing. It doesn't make sense not to when we're seeing progress.
As for HZM... I'm sure I told everyone I could dozens of times to steer clear.
MB is putting his money into ACP, with around £3.5 Million of his own money in total invested. Jeremy Martin took OUT around £8 Million over the years in HZM.
It's relatively simple - If Matt Bull Fails, we fail. If Matt Bull succeeds, we succeed. I really want to see more details about this project. Grades, ore, etc. Then we can all make a fair assessment.
Armadale posted on LinkedIn
Clearly this project is about near term revenue, which should see less shareholder dilution with Mahenge.
https://www.linkedin.com/posts/armadale-capital-plc_armadale-capital-silver-canyon-acquisition-activity-7188831549172125697-QSuu?utm_source=share&utm_medium=member_android
Oh, one final point Crofton:
"I've seen his comments on the EST telegram group when he was challenged on this and clearly he's not just made a genuine mistake with the details."
Prove this. You're welcome to tag the comment in the group. Or apologise.
Crofton:
1. "East Star commissioned leading resource advisors AMC Consultants to determine an independent JORCcompliant Exploration Target for the Verkhuba Deposit. This work resulted in March 2023 in the generation
of an Exploration Target of 19-23 Mt at 1.0-1.4% Cu and 1.0-1.4% Zn (1.4-1.9% CuEq), defined by 97 drill
holes comprising 42,178 m of historical diamond core drilling, reviewed by the East Star technical team over
the preceding 12 months."
2. Correct - I put £ rather than USD.
"Alex clarified this explicitly on the presentation that there is no drilling at this stage" - What, you think they will spend $500,000 on solely identifying drill targets? Naturally they will want to get a hole in the ground for that money once they've identified a target.
3. " how many of the previous Xplor cohort got additional funding" - Like KRM on the ASX, it's all contingent on actually finding something that piques BHP's interest. That's the point in BHP funding these juniors.
4. "He lost me completely on spending the placing money to get cashflow soon. They still need to do the scoping study/PFS, it's a quick route to production but he seems to be over-egging it deliberately." - They're in talks with multiple parties. They don't need to pay for a scoping study if somebody wants to buy it, or if they end up farming it out.
And if interested parties want to purchase more advanced projects? Then they'll ask for something more advanced. But nobody is paying for or demanding a PFS on a project that has options for nearby tolling. The entire purpose is to AVOID these costly endeavours, to generate some sort of cashflow.
We'll re-visit this if/when the deal is announced.
What an announcement!
Takeover by UUUU
$0.065 AUD Special Dividend.
0.026 UUUU shares per BSE share.
So that's roughly 58 Base Resources Shares for 1 UUUU share.
That's around 10 cents (USD) for each BSE share, in UUUU shares.
Happy days, and great de-risking!
You keep calling my name, Marcuspd.
What is it? Do you want to hold my dong or something?
I'll let you hold my dong if that's what you want?
Say what you like about ACP playing the waiting game, but it doesn't look like the ordinary shareholders will benefit over at BKT.
"We have several key de-risking milestones due near term and this A$10m placement should provide the
Company with sufficient cash reserves to complete loan and contract documentation ahead of FID as well as
working towards consummating a deal in the partner process in which we are aiming to sell a stake in the
project at a premium as a less dilutive pathway to cashflow."
Key phrase:
"...we are aiming to sell a stake in the project..."
Their monster Capex and infrastructure projects has made it incredibly difficult for their management.
People moaning about the lack of progress at ACP should be careful what they wish for.
We're in a solid position here as infrastructure build-out progresses.
It looks like this graphite District will be getting well and truly underway!
There is one thing I would say, and that I know exactly which company I would rather be a shareholder of, and it's not BKT.
BKT CEO is a Professional who will get the job done, but he doesn't own any shares - So he gets it built, and it's a notch in an already impressive CV.
The dilution doesn't bother him, and there will be another one coming for the BKT shareholders.
No monster Capex costs for us, no major infrastructure work to be done, and our shareprice has performed quite similarly when measuring the falls from the high.
BKT shareholders' 20 bagger may end up being reduced to a 3 or 4 bagger with the amount they'll have to raise.
Suddenly, waiting it out is looking to be a lot smarter a strategy.
The dilution is irrelevant to him.nal.
JB asked me to reply:
"Dee you made factual incorrect observations which were advised to you and which you have since failed to acknowledge or comment on.
No problems with you doing such an assessment but please have the decency to admit you made some mistakes and post such corrections. "
Https://twitter.com/GungHoStocks/status/1770929760085979599?t=IH0xXiDyc3zRRrcukuZvRw&s=19
I've tweeted my response to the comments he made on Telegram.