Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Consolidating nicely above the old 2p resistance
Next run could see 4.5p level pre DFS due by end of year with possibility of a surprise binding off-take in the meantime
Fully Funded with £1m cash resources
Good overview
Seen some shocking discounted placings lately - ACP done very well
https://twitter.com/VNS_Global/status/1190248189498142720?s=20
Yesterday’s loan restructure was a master stroke
Less dilutive
No overhang
Not a death spiral
Unsecured from asset now too
Company now have £1m cash at their disposal going into all the major newsflow
Looks like technically we are off to 4.5p level nice buying
fixed 3p conversion price is a premium too not a death spiral we often see, they've done really well to secure that facility on better terms
chartists now saying gap to fill to 4.5p looking good
in that example the divi would actually be paid in year 4 so around 2025 but it just shows the potential
What could graphite price be then given the huge EV demand for battery anode
This company is just coming out of the shadows and the project if listed on ASX would be seeing us with a market cap of nearer £20-30m today and post DFS etc could hit similar £80m cap peak of $WKT
https://twitter.com/TheMoneySponge/status/1189102117723750400?s=20
'We'd expect to significant improvement in the DFS on scoping study due to recent results'
'We'd expect to secure our first binding off-take agreements this year'
Two the the key rerating steps...
new management team so think they will !
yep gap to fill now to 4-4.5p area - for starters anyway !
nope binding can be struck any time as it'll just be contingent on reaching production
I reckon we could see the first binding agreement soon with first MOU company Mattress
This is exactly the route walkabout took
this now matches the higher grade years 1-8 increased tonnage - excellent
https://twitter.com/TheMoneySponge/status/1187652076463185920?s=20
https://twitter.com/TheMoneySponge/status/1187630328875225088?s=20
that guy has a solid track record and gets in early too
This now reminds me of GGP
easily worth 5p today equivalent of where other ASX peers were pre DFS
18p equivalent at peer walkabout's high after DFS
Info in this tweet
https://twitter.com/TheMoneySponge/status/1186622288612995072?s=20
#SO4 have announced a robust BFS today
Capex US$172m IRR 28% NPV US$465m Payback 3.5yr
#ACP scoping study
Capex US$35m IRR 122% NPV US$350m Payback 1.2yr
#graphite pricing less transparent than #potash of course
SO4 MCAP £120m
ACP MCAP £9m
ACP DFS due end year
4 great videos covering the ACP story, the last three cover recent news and provide an interesting peer comparison
High grades and High purities key here
Should feed nicely into the coming resource update and DFS
https://youtu.be/r7hhfWJqi1s
https://youtu.be/n-WG5teZL6I
https://youtu.be/NtDvA9cM4Oc
https://youtu.be/zw15WYa0r_c
buys outweighs sells yet again
MM's going to need to balance there books soon given news flow coming
chart looking good for a bounce too
Further MOU
Binding 0ff-take
Permitting
Mining License Award
Resource Update
Battery Limits testing work
DFS !
All over the coming weeks - solid base at 2p in too
My prediction £35-40m cap on all of that 10p+