Member Info for Dee12345

No dilution in years, yet somehow this is like COPL.

I think you should probably just sell and stick to bonds.

I don't think it's the amount, but the terms - Using Tanzanian suppliers etc, that kind of thing!

Ultimately, there's some stickiness with the 16% free-carry, which we knew was being negotiated for a while.

Https://twitter.com/GungHoStocks/status/1759644526249968045?t=EDUBUPzGuAhPTzUo9o6suw&s=19

Here's the year by year breakdown.

Pretty solid discussion, and some tough facts.

Raising $200 Million is significantly different to raising $50 odd.

Anything below $100m capex is reasonably easy to finance should the economics make sense.

As your Capex gets high (especially in this market), it becomes significantly more difficult. The key for BKT was to get the first package done, as it de-risks the process for further packages.

It's like getting your first credit card, which is significantly more difficult than getting your second, third or fourth.

BKT seem to be nearing their final finance package.

Clearly, they have equity to raise and need to get their shareprice up.

https://x.com/blackrockmining/status/1755013109654441996?s=52&t=h-I0JGcjWbk9ayZ9iXK2pA

https://x.com/blackrockmining/status/1755011394976768317?s=52&t=h-I0JGcjWbk9ayZ9iXK2pA

This is likely to pave the wave for others waiting on the sidelines (ACP and EGR), and we should finally see some movement...

Dare I say, imminently?

I think we're nearly there, Wasa!

@jsd71 - They've been running that plan for the equity partner for quite a while. From what I know, it's something they do for DD purposes (to explore all options), and also more of a back-up.

@Wasa

I think you're nuts for considering buying in BKT.

ACP has fallen because of a lack of news, a lack of patience, and a poor market. We don't have to worry about the first mover costs. No re-settlement costs, no infrastructure costs, no developing of government frameworks.

BKT have fallen because the market can smell the dilution. BKT is progressing, but at what cost to the ordinary shareholder? They lumped phase 1 and 2 together which has led to a monster Capex and a coming monster dilution. BKT will be the flagship, but it's owned be professionals who don't hold many shares, and don't care too much about dilution. Their execs just need to get the project going, notch it onto the CV and then move on to the next thing. Job done for them.

As for BKT shareholders, the price there is depressed because of a combination of slow news from them, and the huge raises anticipated. Your money, but I think buying BKT after they massively dilute will likely provide a clearer picture, because I can see them 5 bagging in the meantime.

I had a 558 day buffer, so all is well :)

Clearly AmTech, I was speaking colloquially. Allow me to a reiterate imminently.

If you wish to be specific: They have to pay for the power line extension to draw hydro-electric power, and the roads to transport goods and equipment.

Power and roads that ACP will not have to pay for, but will be able to use.

BKT investors can smell the dilution.

They're targeting a total of $163 Million

$60 Million is done.

Another load will come from POSCO

One more debt finance deal.

The rest will be dilution.

They can end up with another 50% dilution

Then on top of all that, they have to pay for our roads and power lines

And some people here don't like that - Would very much rather MB take "action".

I'm quite glad we're conserving cash and going second to market.

To be honest, it does exist:

https://twitter.com/TheHiveTeams/status/1718177164720275631?t=jjrYC8rtPGrH0q2l1BBc6g&s=19

There's over 3300 people in there, and certainly worth joining to see if it's for you, and if it's all it says it is.

Yes, get Lenigas in and see inflated salaries and 1 billion Options and Warrants, and then let's see some death spiral financing whilst we're at it.

You're complaining about a lack of newsflow with one hand, and then arguing for a pump and dump merchant on the other.

Maybe if Amtech took the time to get "insider" he may just be able to take his mind off things give or take 559 seconds!

Even in full production this isn't something I'd value at £1.

My full production valuation (based on a favourable debt-package, and favourable dilution) is 66p.

This was based on a DCF Calculation.

Factoring in AIM, and then factoring in Jurisdiction discount, I would halve that target to around 33p.

That would also factor in both Phase 1 and 2 of production.

Yup, I apologise.

Just strange you had to take drastic measures to post on LSE to get you money/shares.

Not that I'm invested here, but I'm under the assumption TGR a looking to raise, and brokers are more than happy for the shareprice to dump to raise at a cheaper price.

I'm assuming you guys are now going to be off-loading shares as soon as they land in your accounts?

I would hazard a guess this AJAYE chap is working for Shard Capital.

Short the stock down and spread FUD to bring the shareprice lower, so that way they can get very cheap placings.

One thing I do believe, is that TGR are absolutely looking to raise.

AIMtodeath,

I was watching a Crux interview about Valhalla and their recent copper results - Low liquidity stock in Alaska, with a low market cap...

Why?

Because they're waiting on Tallon (a larger neighbour) to start building out the infrastructure.

Sometimes you just have to take the rough with the smooth, and wait things out to be in a far superior long term position.

AmTech, I don't think you're in a position to call anyone stupid...

I'm incredibly bullish here, and happy to remain patient.

The investment thesis remains the same for me. You have your trading pot locked up, so of course you're going to be annoyed. But those as the risks of trading.

Own it.