Member Info for JDwag

First, placings happen on AIM, and especially AIM miners. Unicorns can’t complete expensive feasibility studies. If you know and except that, life is much more enjoyable. JD

For Tanzania? Seems to be below average, actually. JD

http://allafrica.com/stories/201805240856.html It is interesting casting your eyes back on some of these projects, they are even further behind schedule than MCPP is�� JD

Weird stuff going on here..... JD

Don’t know what others thought, however, i read that RNS that there is a very good prospect of additional resource / company purchases or even the prospect of another company reversing into / out of Katoro. JUst my take. JD

Interesting RNS there this morning, for nothing going else it appears that the MoM maybe about to back peddle on some of the more contentious issues. Also bodes well for our overall relationship with the TG. JD

Interesting, obviously starting to ramp up the CSR and Media, jump to your own conclusions...... JD

Always nice to see media being updated. Always makes me feel more positive. JD

Spot on Yaki, this looks like someone with a large holding wants / needs out and the price they get will be pretty severe. Just the game. I expect another large dump as per yesterday at this rate. JD

Tele, snap. JD

That trade is just outright strange. You could have dumped in 100k tranches and got a much better return, surely? JD

Yes, I would agree with a lot of the below being said. While I have the genuine heartfelt belief that the chance of this now not going ahead is somewhere between 0-1%, we have to acknowledge that the market does clearly think there is too much uncertainty to price this at 10p, 15p, 20p as we all hope will happen one day. The market clearly doesn’t think there will be a great deal left for Kibo come F.C., I disagree and that is why I am here. I think the SP will progress at PPA and SML, but until we know what’s we are left with over the 25 year concession period, I do think the market will struggle to price it ‘right’. JD

You are right of course, SSB11, could be this Monday for all we know��.. JD

I have quite a bit of experience in 'slip form' concrete pouring on shaft walls. Its great stuff if that is what floats your boat (and it does lol). JD

It�s also in the middle of nowhere, Mikemike. It will have to have a temporary village built around it to actually construct the thing with workers bussed in, you are right, probably a 6 day 24 hour operation with Sunday (religious reasons) being a down day. Of course when you are pouring concrete you have to keep continuously pouring anyway so you don�t get weak jointing. The weather in Tanzy will also help, you don�t get frost which is a killer to concreting works. JD

Wimbo, Maybe! Anything is possible if the Chinese are building it, however, if you are condensing the programme by that much you are looking at 24 hour batching plants (built on site) and 24 hour pouring, all doable and is done in China who have programmes the UK Construction industry could only dream of (where you can only work 10 / 12 hours a day 5 days a week or so). If the Construction Permits allow for 24 hour working then it is possible. JD

Ill stick my (preverbal) on the line and say done and dusted on the PPA by mid June or so, maybe sooner. I personally believe yesterday’s RNS was the notification that the ‘stickiest’ of issues had been resolved (SEPCO’s price) and now its back to Tanzania to conclude matters and get the PPA signed. One of the few things professionally I do know about this process is the fixed price tag they would have put on the EPC Contract for the CAPEX value of the Power Plant will not ‘stand still’ for a very long time. Inflation in the construction and engineering game can be very aggressive over a very short period of time, concrete for example (for which we will use a lot of at MCPP) can swing widly depending on demand, so can steel / high grade electrical cable if for the inter connector for that matter. SEPCO will not be tied to a price in 12 months time where 5% could have been added to the price tag and they have no recourse for action. For that reason, I think it’s all going to to start moving very fast here, PPA, SML, FC and straight into Construction. JD

Don’t actually think we are too far away now. Handful of weeks at most for PPA. The reason I think that is because to me that RNS reads ‘SEPCO have agreed a price’ that price won’t ‘stand still’’ they will expect to start construction soon on the basis inflation in construction and Africa generally can be rather aggressive, no, not long now I feel. JD

Spot on Foxy, thought today’s RNS was super positive (despite what the SP does). Reaching critical mass towards the PPA and beyond. The SP is like the PPA, when not if. JD

Is a bit. It�s abundantly clear that the market still has large doubts about just how much of this Kibo (i.e. us) will be left with. The PPA will �de-risk� it, but I am starting to think more and more that the real uplift to the SP will not come until FC and the market knows what Kibo will be left with (in monetary / percentage term). I think BMN is the bellwether of stocks like these, no one believes it until the funding is ultimately in place. Although, the temporary SP issues aside, this shouldn�t detract from what is a very positive day for us and shows the PPA and for that matter SML and FC is a matter of �when� and not �if�. JD