Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
For me it's all about Stage 1 as the EPP is years from production. Let’s say it takes another year to firm up costs, finalise the feasibility studies and secure approval from the Jumelles board, it then needs to go through the permit and licencing process (say one year to update the studies and submit the relevant applications and two years for CB to approve it). It will then take another year or so after the permits are in place to get to financial close, followed by a 2 year construction program. So maybe 5 years from now until the EPP is up and running. I'm still committed and fairly heavily invested, but I can't see this moving significantly until there is clarity on the new port and CB debt, when IMO it will be either Stage 1 or bust depending on the news! Definitely a long term hold, albeit a very risky one.
https://www.autocar.co.uk/car-news/industry/volkswagen-group-expands-electric-car-plans
Interesting article - if each vehicle needs 50kg of nickel, VW is going to need 1.1m tonnes of it over the next ten years, which in Horizonte terms, is more than the output of Araguaia and Vermelho combined!
It also mentions VW Group Components has been established as an independent business who's remit includes battery life production from the mineral purchased to end-of-life recycling - they would be a nice offtake.
The schedule for upcoming IMF meetings can be found here:
https://www.imf.org/external/NP/SEC/bc/eng/Index.aspx
We could have more than one seller - maybe two or more of our major shareholders are selling a couple of million shares to each other each week to keep the SP low hence the lack of RNS re. changes to major holdings. Just my own thoughts etc.
It is getting bl'dy tedious, roll on feaso at the end of the month.
Nope - IMF meeting was put back to this Friday but has been rescheduled again - date TBA. Just think what might happen to the SP when that news lands.
Totally agree - I've lost count of the number if times it dropped off the IMF calendar, but at least this time it has only been pushed back by a couple of days, which suggests they are ironing out a couple of minor details - dotting and crossing the i's and t's so to speak .... not long to wait.
has been rescheduled (again) to Friday 03 August. Frustrating, but it will be good to get another positive week under our belts before that news lands.
There was no meeting on the 11th - it dripped off the meeting schedule at least a week before it was due.
and we have our "1 trade". RNS monday ...if you believe in this sort of thing, or maybe at 1600 today.
Anyone got any thoughts and opinions on how a trade war between our JDA parties' countries could affect the project?
That is correct - but the current permits only allow for 300MW so subsequent phases will require new permits. This is a fantastic opportunity, and I love the optimism on this board, but please let's keep it real and stick to the facts.
It will add nothing to the JDA deal - our permit only allows for 300MW. Any expansion will require a new set of permits.
Just came across a map showing past, current and future coal projects around the world. I'm glad our little project (and it is quite little compared to some) is near the front of the queue given the number of proposed developments that GE and CMEC could be targeting. https://www.carbonbrief.org/mapped-worlds-coal-power-plants
It’s just too tempting at these levels - that 140k sell is actually a(nother) buy.
Only 300MW is permitted. Whoever ends up owning the project will have to go through the whole permitting process again for any expansion. As far as I’m concerned there will be very little,if any, value attributed to the potential of an extra 1500MW. That said we should still see a share price somewhere north of 60p at financial close.
I expect the SP will increase over the coming weeks as the good news continues to land however my concern regarding the timing of financial close comes from the language used in the last project update - Submission of FM to EDM and MIREME targeted for June 2018 to seek �in principle� support for a new power tariff envelope, this is the main priority for the Company. They might be able to finalise the JDA in July but they cannot take it to financial close with �in principle� elements, especially something as fundamental as the tariffs. I hope EDM and MIREME expedite their approval quickly, but for me I�m not expecting a big upside until H1 2019.
I don’t disagree but the big question is timing. I’m not expecting to see any major hike until financial close, and that may not happen until this time next year. The tariff proposal is being submitted over the next couple of months and that has to be approved by the relevant authorities and whilst Mozambique is one of the better African countries to do business in, that process could easily drag out over a number of months. And that explains why the last weeks placing was to raise finance to take them through to June 2019. Definitely a cash cow, but not this year. Hopefully I’ll be proved wrong.