RE: all will be revealed eventually....30 Jul 2019 12:25
Animal - We’re a water pipeline and off-take agreement away from £1m revenue per month, barring any cloak and dagger action by the Board. Unless we’re hugely diluted by then I see this way north of 3p in 12-18 months.
Agree with animal on this. Got to remember that water pipeline was rendered last year and bids came back early this year. How long was that validity period for to accept bids? Normally only 120 or 150 days. So that should have been awarded by now. Funding for this can go either 2 ways as I previous said
1) as per offtake agreement instead of getting X per tonne we get y per tonne. That means offtake agreement gets cheaper rate of z% on each tonne. But over life of contract that could work out **** deal for KZG unless the rate of return is done over say 4, 5, 6 years etc.
2) we don’t go with option 1, we then do a placing for the value of the pipeline and funding to keep the lights on. £500k for 15km pipework and £500k for keeping lights on. That’s £1m placing at which point i would say thats now been factored in and why our price has fallen. That’s my gut instinct anyway.
After that and let’s say by Xmas - January 2020 we should be working to full capacity and producing £1m a month min on this.
THERE IS NO CHANCE IN FUK WE WILL NOT HAVE AN OFFTAKE AGREEMENT ON THE BACK OF PREVIOUS RNS AND VIDEOS. IF WE DONT BARING IN MIND WE HAVE HIGH GRADES PURITY IT WOULD BE 1000/1 SHOT IMHO.
PS BOUGHT £400 worth again today.