The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Interesting find https://x.com/StockBoxer_AIM/status/1727277392132288742?s=20
Another day closer and sub 2p cheaps being snapped up.
· Completion of the Financing is expected prior to the end of September 2023 and is intended to sufficiently fund COPL in to the first quarter of 2024 for production growth and to conclude the previously announced joint venture (the "Joint Venture") negotiations.
Lare mill in about 2 weeks from now is what was previously said - early Dec. But a good question to ask for an update.
The RHA mill was actually delivered, converted and fitted up a bit ahead of schedule from memory, but it's not bespoke like the new one. The large mill was stated to be arriving early December.
It's a good sign we got the line about improving grade and plant performance in the latest RNS as that would have had to pass regulators. I think it's just a situation of it making obvious sense to push on going for full nameplate as soon as rather than sit on this. Civils can now he completed in advance. I would guess Canmax is happy to achieve full production sooner than later and approved following the site visit a short while ago.
I think we'll hear more about the improving grade, optimisation and likely support of Canmax on Mon, perhaps coupled with an RNS. Then the SP can recover to a sane value more in line with the declared 200 mill USD stated by the Chinese. Also more reflective of the 4,000 tonnes per month just around the corner. Bullish from current prices.
Goingtomoonufo new Mill arrives within the coming weeks and installation for end of Dec lots of optimisation achieved with the current mill for the total plant and so can slot in nicely and begin producing concentrates without delay. So quite a short wait take your positions.