Member Info for Jantand

With regards to the arcelor offtake this has been extended so no issue there. Funding will come got no doubt

Not a word. Will know today or tomorrow though. Slow down period in sa now

What do you know boz....cmon.....???? Share some info

From your lips....

Thanks boz... hard to think that the top 6 guys would turn away now after all this time.
And surely the chinese have a lot of skin in the makhado sez. Thank you for sharing your valuable information obtained

tootight i think the makhado phase 1 and the north audit development of uitkomst are to be seen as "cash generators". after makhado phase 1 the phase 2 will start 2023 and the gsp project will follow after that. the makhado /musina sez will use soft and semi soft coking from vele and the coking from gsp could be used locally but also export. the supply through this chain has a 100 years of mining in it. so dont need to look further and certainly accentuates the importance of getting on with phase 1 (catalyst) for a massive project

Hi boz if we can nail the funding and start construction we will be a self sufficient producer with blue sky above us. So there is only one question and that is when/if/ will we know....

Thank you hopefully some funding feedback

All coming together and the bigger picture of a giant coke producer situated in the sez with local and international markets.
We need funding for phase 1 as the last hurdle and then we will be self sufficient. Almost there.

Topped up and will continue to do so at these bottom levels

Funding .....

Tried to buy volume today on jse sub 5 rand. No takers. Nothing....

Jse closed 491. I am buying.....

Hedge i assume all that is in the sp since we are at the bottom once again. The whole world is changing fast and moving out of fossils and the greenies are targeting the finance institutions. So hard to find money on this last hurdle of a very long and patient race. We are however a coking coal play and we deliver thermal only as a by product. We definitely got hurt with the global anti fossil sentiment. The bottom line is we need to build this makhado mine now and we need to start delivering hcc to arcelor next year. We need clarity on this monday. If the news is not good on monday i agree this can go lower. But if there is money to start building makhado we may see a pleasant jump and a reversal. It all was very positive and then the hcc dropped and all of a sudden funding is an issue.... looking for some clarity on monday as well however in 2013/14/15 we were worse off and David brown pulled through. You cannot make steel without hcc. And we have massive hcc resources. Massive

if you look at the sp its probably fair to assume there is a delay with the ( last hurdle of) funding........

falling knife on jse......back to 480???????????

if that is in fact the case then even better for us. we have low debt and i fully agree that we should rather take on more debt and release /dilute less. certainly getting excited after a quiet few months

https://m.miningweekly.com/article/despite-assertions-coal-mining-is-on-the-brink-some-argue-it-will-be-a-key-sector-for-sa-for-decades-2019-08-30

jse also under pressure...... i certainly dont know of any issues but time will tell

Hi boz....been quiet. Nothing new. It is really hard to raise funds in sa for a junior miner. It is incredible that db managed to get us through the last 4 years and that we are still alive. End september to middle october this should be sorted then all systems go. All negative sentiment in sa as corrupt anc skeletons fall out of closets every day now it seems.
The limpopo government are pushing hard to bring the sez forward and that will be the cherry on top eventually.
Makhado is going to happen and next year this time we are producing and arcelor mittal has signed for it .
Medium term rand projections are weak and certainly well above 13.75 at which the makh numbers were estimated.
Medium term price for coking firm.
The sentiment against thermal may be fading but in all of africa pakistan india and even america lately it is on demand. But we will be a coking coal producer and if cyril ramaphosa faction in the ruling anc have their way then infrastructure spending will boost steel demand in southern africa