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excellent note like the business is backed by its core business but the MAL could be a game-changer for Cv19 and other oncology targets - sense the herd are yet to pick up on this should get fun
Very good appointment yesterday Ged will bring financing expertise and connections so you can see why they have brought him on board now
The future of ACP and for shareholders is looking rather bright at 5p we'd be just £20m cap post DFS Mining license further offtake etc double that
Promising projects and been watching the company but the PR/IR engagement is useless here along with yesterdays podcast
The company need to sort this out as has great potential - basically a barrier to investing
At £12m cap I see big upside from this level even after a sterling but well controlled rise (lovely technicals)
Company now have £1m to see them through into project financing - $35m to fund project is peanuts compared to NPV $350m when you look at other junior miners needing 100’s of millions
Interestingly Technical director Matt Bull who holds 8.4% of the company stated on a recent podcast that the construction timeline could be as little as 10 months, that could put them into first production late 2019/early 2020
Major. Catalysts still in the pipe too
Binding Off-takes
DFS Milestones
Mining License & Permitting completion
All due in coming weeks
Delivery since Matt Bull has been on board is extraordinary and doubt they will take the foot of the gas as per progress report yesterday on finalising mine plan for DFS
Company could easily be valued at £20m cap (5p) today no question
Into next year post milestones £30/40m quite achievable
One of the best opportunities in junior mining in my opinion.
I’ve been watching the book too and believe something similar is going on the price seems manipulated to keep it down to as you say cover a short
Who is the nomad as I’d like to get this investigated too as it’s not a fair and transparent market if this game playing is going on and could be worthy reporting to FCA
yes we could see an afternoon push here as ask side light and someone putting through £200k sells which is quite funny
fourth blue day in a row could continue tomorrow given material news could drop anytime
yep barely discussed as yet on twitter - clear this 2p and nice gap to 4p to fill quickly
will get chased right up to the 4p gap imo but thats still not where this will be on DFS and off-take looking at peers - will be nearer 10p level
200k buy at 2.02
how do you mute on here - piper needs muting what an idiot
I have a large holding now latest buy 2p and am holding this for 10p first slice 4-5p
all the big news to come from here
Check out this tweet - excellent example
Puts ACP at £20m cap today at same stage
https://twitter.com/TheMoneySponge/status/1173958216247631873?s=20
indeed
The thing is now with the higher grades and purities the DFS coming could actually blow the doors off the scoping study as higher prices will be achieved and more tonnage likely per annum due to the higher grades
Matt Bull in recent interview said it could be as early as late 2020 !
100% agree they are trying to keep a lid on tis now it is fully funded - not much on the ask a few buys and they will have to let it go and take the hit on their books
too much news flow to come now so they are in trouble and the mcap is way way off ASX peers
binding offtakes
Permittoing news
mining license
JORC resource update
Battery test results for the 97% purities
DFS itself
Show time soon
https://twitter.com/TheMoneySponge/status/1173865884017987584?s=20
Thats an excellent raise price, nothing holding this back now with all the major news items to come now over the next few weeks and months
V Happy
ACP todays RNS reporting exceptionally high grades again meaning that the initial mine plan and flow sheet can mine very high grades at low cost thus bringing much higher returns in early and paying back Capex potentially even sooner than the initial 1.2Y payback!
Good tweet on why ACP are amongst the best placed to benefit from the graphite demand boom coming - even pips nickel demand
https://twitter.com/TheMoneySponge/status/1171376148284092417?s=20