Investor Presentation - Thursday 11th June11 Jun 2026 17:29
Hi all
Prickly and I attended today's inverstor presentation in the City, which primarily focussed on Kendrick and Bezant, with a few comments on African Pioneer and Xtract.
There were about 60 attendees (it was literally standing room only) in total. The Namibian High Commissioner and his wife were there, so Colin and Martin Churchhouse were obviously banging the drum for Namibian jobs and tax revenues. The group of companies' resident geologist, Professor Johnson, was also in attendence and he said a few words at the end, again about Kendrick Resources.
The presentation was very well done and informative (especially with regard to Kendrick Resources), but for those who attended December's EGM, the presentation covered much of the same ground, however there were one or two snippets that are worth repeating.
Colin didn't think Hartree Metals would convert all of the loan to shares. He said they're traders - they want the cash return, not to hold investments.
Regarding timeframes, the team are looking to begin digging the pit in July, with the first concentrate supplied in August, with revenue generated from late August. This was Colin's estimate and Martin was a little more circumspect, but you can see what they're looking to acheive.
Martin did say that recent analysis had extended the scope and therefore life of the Hope / Gorob pit. His belief was that the life on the mine had been extended to around 15 years at 8,000 to 9,000 tonnes a year. I'll be honest, this was news to me!
There was passing mention of "Phase 3" of the project, where the end-game was to be producing 50,000 tonnes a year across Bezant's Namibian licenses. It was a single sentence and I strongly suspect the company will be sold long before we reach Phase 3.
Prickly spoke to Martin after the presentation and the ore-sorter is now built and on-route from Germany. It should arrive at the site by the end of June / mid July. They're also happy to initially send quite small amounts of concentrate to the flotation plant in order that the plant can get up and running before the larger tonnage arrives.
Prickly also spoke to various brokers, and of the four companies discussed, Bezant was the one they felt most positive about. Which is nice to hear and who knows, might actually mean that the SP rises over the coming weeks! *crosses fingers*
Anyway, the AGM can't be far off, and I'd genuinely recommend going this year - especially if we're producing ore by that point. I'd look forward to hopefully meeting some messageboard members there - it's always good to put faces to names. : )