The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
1 minute & 5 seconds into yesterday’s proactive interview he states , ganfeng will give us half of finance for funding-the project , is that what am thinking half off 420million = 210 million ?
Ganfeng won’t let this mine only produce 17500 tonnes per annum, they will want more , 50 % will go to hanwa , so 50,000 production mine is probably there target , imho
Yes it’s ( they are ) looking to expand
Sorry school boy error :-)
There ( ganfeng) looking to expand to 50,000 tonnes per annum, I like that statement :-)
Hurdle 1 , ganfeng sign off this week & become our strongest partner in sonara project , look forward to cost savings on plant build in months to come
Hurdle 2 Bcn buy other 50% from (solar world administrators ) agreement extended to February 2020 to own 100% off zinwald
Hurdle 3 March 2020 zinwald spin out , bacanora will keep 30% 0ff zinwald shares & use rest of money to complete sonara to fully finance project build
Hurdle 4 Move from AIM in April 2020
Hurdle 5 18 month build of sonara with help off ganfeng , who will fast track this project, with all there commitments to Tesla & co to produce 100,000 tons of lithium per annum, Sonora production to start end of 2021
That’s how I see it , why panic roger65 this will be your best pension pot yet , that’s if you sit & wait like the rest of us
My concern, no mention of the Oman groups £65 million pledge
Click on wolfi link , sent 9.25
& then Corporate presentation
July, 2019 , pdf file , 26 pages
It does wolfi page 4
Strategic partnerships
• Cornerstone investment and off-take by leading producer Ganfeng Lithium at corporate and Sonora project level
• Offtake agreement and equity partnership with Japanese
trading group Hanwa for initial 10 years of Stage 1
production
• $150 million debt finance facility from RK Finance available
in 3 tranches subject to CPs
Tomcat 14. There was 700,000 grey unknown shares traded yesterday
No tomcat.14 ,
I didn’t deduct the grey Unknown’s from the figures, just the buys & sells from the volume traded yesterday
Today’s volume of shares traded. 6,613,637 million
Volume sold 2,864,822 million
Volume brought 2,015,123 million
Total shares brought & sold 4,879,945 million
Leaving 1,733,712 that the MM are waiting to strike with , When the time is right , hang in here all private investors till 2021 IMHO
Sorry, After reading the RNS on ganfeng deal again , it’s 22.5%
Of project costs = £95 million not 30% at = 140 million
But am sure ganfeng will make the difference up , in cost savings as
Si90 as referred to : with there expertise & efficiencies from a experienced plant
Provider :-) gla
Ganfeng 30% of Sonora build project ( 30% of 420 million) =140 million
Red kite debt loan = 150 million
State off Oman pledge-on completion =65 million
Hanwa pledge on completion =25 million
Plus ganfeng shares @ 25p =15 million
Total amount £395 million that only makes that £65 million short
In my eyes , think Zinnwald When that’s listed will make the difference
Spot on pilgrim 1 , these day traders will keep selling near 30p
& buy near 25p until this Ganfeng deal is signed & sealed , then watch it rise ,
One week before end of June, before H2 starts ,am guessing would be best bet .
Assuming everything goes well with Ganfeng deal
Peter secker , definitely says FS for Zinnwald will be in 6 weeks
Not long to wait to get Zinnwald news then , Peter secker says expect news 6 weeks time , that makes it 11th June in my book, good find talygarntom
Jimb2 we will be a funded junior in 2 months time , otherwise
my retirement plan will have to be revisited & I could still be doing
a 12 hour nightshift for the next 10 years ??
Have faith
https://oilprice.com/Energy/Energy-General/Is-This-A-Gamechanger-For-The-Lithium-Industry.html
There was a RNS Monday, but didn’t show on this lse
Site , I asked the same question then
Hope it clears that up for you
Thanks ,