The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Yeah but Konkola has been running for 60 years and they’re just extending deeper. It’s not really the same. Anyway, am not here to argue, I have no stake either way - just an opinion and I will now leave you guys to it. GLA
Sounds too deep to me. Suppose they find copper ore at 1200m down. An “underground only” mine that deep would be very rare indeed. Just think of the cost to establish a resource, let alone mine it. Doesn’t mean you can’t get decent SP movement in the meantime, of course
For anyone interested, a big trend resistance line broke today: https://x.com/metalhead2525/status/1792586574313455855?s=46&t=Jne_cUYLxmaxpafySDDQ2A
Doesn’t mean we necessarily shoot up now, of course - but I reckon there’s a much better chance in the next week or two than in any old fortnight you might happen to pick.
GLA
When a single £22k buy generates a move of 20 odd per cent, you know what will happen if/when we get some positive news that really captures the market’s imagination. Will be 7-10p in the blink of an eye. Think EST’s 2024 move but more so
Https://x.com/metalhead2525/status/1790054514113892512?s=46&t=Jne_cUYLxmaxpafySDDQ2A
JCEP and Spank - completely agree; great management is the absolute Number 1 must have in the nanocap market, especially in mining. And we’ve got it here
Excellent interview. Multiple offtake MOUs likely to be announced in the next 1-4 months. In discussions to partner with a Chinese company to build an SPG plant in Uganda. DFS largely on track, might run over a month or two because of the need to incorporate the SPG plant. Hoping to get opex down from $500/t to $400. Pilot plant is so that we get the reality of operating nailed down before we have an $80m capex operation and commensurate loan repayments and wage bill. This is very sensible.
What do you mean “can’t even”? This company has been a model of progress and delivery. And you pick on the one thing that is delayed, which, by the way, is in the hands of the regulator, not the company
The reported spread takes into account the price associated with buying and selling large amounts. So the fact that one can buy a relatively small amount nearer the middle is not really an answer to the point. Anyway, apologies for what was ultimately a pointless whinge. Such issues will become irrelevant as the company continues to deliver this world class project
Ashamed*
What an utterly appalling spread, the MMs should be assumed of themselves. Despite the spread, upward momentum looking good
Well there goes the financing concern. Brilliant news, well done Colin and board. Feeling v positive for the rest of the year
Well that would be very nice
Where did you hear that about Jan/feb 2025?
There’s almost never a comment on this board, on anything. But no, there’s nothing bad in there that I could see and no imminent placing concern
Spank, I remember that interview and I think what Mike actually said was that initially the DFC weren’t interested in Orom Cross because of Blencowe’s plan to work partly with China, at least in the short term, but that he then convinced them that with a potential 100 year mine life it really doesn’t matter very much who the company works with at the start in order to get up and running. So I think the DFC are resigned to some Chinese offtake and relationships at the outset here, hopefully alongside Korean offtake. As for using Chinese expertise for an SPG operation, I can’t see why that would be objectionable as long as BRES has control of the plant
Https://investingstrategy.co.uk/mining/investing-strategy-the-african-pioneer-edit/
A quick look at the chart for anyone interested:
https://x.com/metalhead2525/status/1775065279019520045?s=46&t=Jne_cUYLxmaxpafySDDQ2A
I really can’t see Andrada being interested in TVM: they have an absolute monster of a resource of their own, and more than enough work to do developing and expanding their own operation.
Still, the RNS does confirm that Dennis is talking to a potential new buyer of TVM, which would be a very positive development in my view
What the f are you on about?
It’s quite clearly a positive update showing that we are still on track for two revenue streams in the next two months