The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Totally agree Trek, any Company CEO should not be revealing Market sensitive information without an appropriate RNS containing that information .
Legalwolf, if the existing process plant does not have the capacity to produce up to the 24kozpa, then upgrading/purchasing of more grinding, classification, concentration, CIL tanks, elution and electrowinning plant will be required. The extent of this has so far not been revealed, but it is likely to require Capital funding at some level, if the targets are to be met by the end of 2022. This does not necessarily mean by means of purely Equity raise, but may be done by Streaming Pre-Payment and/or secured Debt. I expect this information will be RNS'd in the near future.
Morning all,
In my opinion, whether a Capital raise is to fund a mine development in Tanzania and/or further Development spend at Kili, I would not be surprised if the Company followed the example of THX ( who RM seems to like), by arranging a Debt/Stream/ Equity stake for the whole amount of Capex required, with a provider such as Africa Finance Corporation.
Time will tell of course, but the future here still appears very positive to me.
Afternoon all,
Following on from Robbie's recent Stock Box interview, where he expressed a wish to model our development on Thor Exploration's Segilola mine development in Nigeria. This is a similar mining/processing project, recently constructed in 15 months by a Chinese EPC Contractor ( Norinco International ) with a target production of 80- 100kozpa gold in dore bars.
The Capex for this project ( ~$100M ) was funded through Africa Finance Corporation ( $54m Senior Debt,$21m Gold Streaming and $15m Equity Purchase), as well as financial support from the EPC Contractor(invoice/share swap & payment defferals). The project was completed on time and within budget, and despite some initial ramp up problems, is now producing + 20koz gold in Q1. This project has been developed without going to the Market and with a Strategic Investor now on-board. This may be what could happen in Tanzania (Nyakafuru), and/or future Kilimapesa Development,
but of course time will tell but it's food for thought while we await funding news.
Good afternoon westie, nice to talk to you again, hope you are well. Firstly let me correct you, KP2 operates in the Republic of Congo, not the DRC which is a totally separate Country. The reasons for my investing here include :- the resource of both the Kola Project and the proposed in-situ mining at the DX project. The Govt., of the ROC have a clearly defined Mining Law with beneficial tax advantages for the Miner and in KP2's case, a quality institutional investor list. With regards to SP ambitions, the next few weeks should determine that, following the publication of the recently completed optimisation study and EPC / Financing proposal undertaken by our construction Partners. I would advise reading the last 12 months RNS's for detailed info, and as you so rightly pointed out, the current shares in issue will imo probably result in a consolidation at a future date.
Afternoon all,
thought I'd post this Crux Investment video for anyone interested :-
https://www.youtube.com/watch?v=k2xzTLzaxB4
In my view, this Company as a producer/developer & explorer is well positioned to take advantage in any upturn of investor interest in junior gold stocks. My 50k buy today also showing as a sell, GLA.
Afternoon all,
Having recently joined here, I've been trying to get an understanding of the technical aspects of the 3 gold processing plants :- CIL, Heap Leach and Tailings, from my Chemical Engineers point of view. Because of the many variables that can apply to each type of plant, it would be useful to see Process flowsheets for each of these, so I've emailed Robbie to see if they can include these in a future Pesentation. As I understand it, each pad charge/lift is of 5000t with 4/5 pads installed to give ongoing Leaching capacity of 20-25000t capacity, to remove the accumulated 30kton backlog and going forward, to deal with the expected 15kt production. From the media interviews, it appears that the waste treatment plant deals with our own produced "waste" (presumably fines from the milling plant), and washing wastes from the Artisnal miners, which is profitable to us and at the request of Local Govt., helps control their disposal of cyanide waste used in their mining. In my view the progress to date has been impressive, and I shall keep adding as and when I can.
Morning all,
For interest, here is a podcast with Paulo Misk , CEO of Largo Resources, discussing their involvement in Vanadium Redox Flow Battery electrolyte production, and its positive effect on their profitability :-
https://www.jdsupra.com/legalnews/batterystorage-podcast-interview-with-79200/
Morning all,
Hi westie, the purpose of the "Phased Option ", was to give the possibility of early revenue streams from both salt and MOP as well as reduced Capex requirement, presumably to ease Financing acceptability. The fact that recent communications seems to be veered towards FS levels of MOP production from the outset, seems to me to indicate "external" influence with Financing this Quarter. I personally would be surprised if the "imminent" EISA permit granting will have any significant effect on the SP as by now this is priced in. Back in February GC stated that the "true value of this project will only be realized when it is funded and built ", and in my view nothing has changed, this is still the case. IMO this remains a 2-5 year investment to achieve significant gains, however the possible involvement of OCP / Moroccan Govt., may well shorten this timescale.
Morning all,
Cornish agreed, I would take that deal for LD, to help pay for the XRT Sorter installation. I noticed from the AGM RNS that the Company has now the ability to issue just ~ 10m shares under the existing Block Listing Authority ( post consolidation ), value around £4m , so assume this precludes any possibility of a significant Placing to help fund near term Capex requirements.
Afternoon all,
Haven't listened to today's Presentation, as with no prior RNS there was little chance of any news. I think you're right westie, EIA approval / funding news needed before any progress. From what you say, only a brief contribution from HL, but I guess he is currently heavily involved with Marimaca Copper as their CEO. Graham would seem fed up, as being a hands on guy he will be desperate to get out to Morocco, to get pre-financing prep done. While waiting for news, I would recommend anyone whose interested, to read the 2020 Annual Report especially notes 4, 12 and 14, as I've learned quite a lot about Companies from reading these in the past .
Afternoon spero,
1350tpd Ore into the Mill @ 2% Cu & 96% recovery = ~ 26tpd Cu which at 27% in concentrate = ~ 96tpd concentrate production.
Assuming 360 days/yr production, annual concentrate production = 35000 tons/year ( Containing approx 9500t Cu per year ). These are off the cuff calculations based on what I remember reading in the Company's Technical Report, so please don't take them as gospel purely to help you in your freight calculations, I hope this helps.
Good afternoon trev,
I'm pleased that HL is involved in the next presentation alongside Graham as he is more experienced on the Financial aspects of the business. I do agree with previous sentiments about this one needing to have moved on from the now repetitive info being fed to us of late, I don't expect disclosure of the full Financial Package yet, but surely the SOP FS and Environmental License should be done.
Thanks for the feedback, forgive my ignorance as I'm a Chemical Engineer not a Financial expert.
Morning all,
Following the Share Consolidation to ~ 170million, what is the likely effect on the SP as a result of the reduced liquidity, any thoughts ?
Hi Propinquity, thanks for the Jetti link. this is another Hydromet recovery technology, there are several out there being developed for a range of "strategic minerals" associated with green energy and transport. It's definitely for the future , and its value to existing miners/producers will be if a cost effective " bolt-on" hydromet unit can be added to "polish" process tailings to recover any resources. The nature of these units, is that they can be tailor made to selectively recover individual minerals.
Afternoon all,
I've been buying whilst reading the Financial and Technical Reports from the website, until I understood the potential here. The recent turbulence with the SP don't bother me as hopefully I'm here long-term. So looking forward to contributing whenever I have something useful to say.
Hi westie, I've emailed the Company asking for clarification of the discrepancy in the Shareholder Analysis on the website , also querying whether Starboard Global Ltd., still have any interests here, will let everyone know if I get a response.
Welcome Jonny, good to have someone form a mining background on board here. GC has indeed got experience of the very sensitive Planning process that SXX had to go through with the North Yorkshire Authorities, as well as 26years at the Boulby Potash Mine. With support of the accomadating Moroccan Govt., should be no problem with the ESIA Approval.