Member Info for Rocktapper

Pixiedust. I was going to reply in more detail to you yesterday and mention that in the dim and distant past, I thought there was mention of there being a market for some of the coal via cement manufacture in Tanz. Funnily enough, I was also going to mention the issue of the fact that the fly ash from a powerstation can be added to cement / concrete to improve its strength and so there's a market for the waste products from the power gen. side. Cunning seems to have covered that though!
It does seem a pity that there doesn't appear to be a review by Kibo of the potential for monetorising the coal (in Tanz in particular) given that it seems the government are faffing around with the issue of the coal to power? Maybe I'm being naive (again).

Yes, Pixie you have a point regarding the market.

It struck me the other day (and I haven't barked on about it myself in a while) that Kibo also has coal assets which do not figure one bit in its current market cap. Although it's increasingly unpopular to say you own coal assets or be a coal miner, the fact is they still own the rights to these assets which possibly have the potential to be exploited with or without the attendant power generation schemes. Without trawling through all the presentations for precise figures, if you assume they have even 100 M tonnes of coal resources which become 'reserves', and you attribute a derisory value of 50p / tonne to those, you'd obviously value those at around £50 million. At 3.5 billion shares in total, that's again around 1.4p per share.
The question obviously is whether or not the coal to power projects in Tanz and Bots are going to fully realise those coal assets but they do exist. But they simply are not contributing to the valuation of the company at all right now.

even at the lowest recent price gained per carot of US$ 295, the annual potential production / cashflow before subtraction of capex, operating and fixed costs, taxes etc. is more than the current market cap. of the company....And that's before making any allowance for the occasional larger stone that pops up!

Back on again. Could buy 1 million if wanted to....

No = Now

No through Eqi I can sell 2 million but can't buy anything!

Can't even buy 100 through Eqi right at this minute and 15 mins ago I could have laid my hands on 4 million!

Interesting...
https://www.manchester.ac.uk/discover/news/new-figures-show-psoriasis-affects-around-11-million-people-in-uk/

A couple of months ago, there were a number of posts about the possibility of Kibo being shorted. Kibo didn't appear on the FCA list at the time but then perhaps there weren't enough shares being shorted. It's worth noting what's happening at GameStop in the US for those activitist private investors who want a bit of fun!

https://www.bbc.co.uk/news/business-55837519

55% of an 'aim-for' £20 million market cap. put's Kibo's valuation at around 0.5 p per share so long may the rise continue...I still need about 1.8p to break even!

I have a question for LTHs with longer memories:
Am I right in thinking that perhaps 2+ years ago, KIBO announced that it had access to around US$ 900 million of debt funding facility?

It's struck me that since posting about Vale's withdraw from coal in Mozambique and its impact of the Mozambique DFS, there's potential for a wider strategy to be played there....just speculating.

Whilst the news for MED is excellent, I've also been pondering why they chose to list on the main LSE market and not AIM (the reason can't just be lack of liquidity?).

Anyway, after being quite cynical about the MED issue, I'm happy for some positive news and can only hope onwards and upwards!

All answers to the above on a postcard...!

Well there's the coal cost figures in the 'Definitive' Feasibility Study blown out of the water then....If Vale disposes of its coal mines, there's no knowing if they will get a buyer and if they do, how much the new owner will end up charging for their coal. Perhaps this is why there's been no announcement of the DFS Final version arriving on LC's desk by 'early January'.

Can anyone guess what they will need to help process the nickel ore?!!!

You beat me to posting that!

Since my post this morning and the subsequent levels of trading and drop in the SP, I am a little surprised there hasn't been word from the BoD in respect of the 'offending sentence' in the AAZ RNS and some words of reassurance to CGNR shareholders that everything is OK. Whilst they obviously can't give too much detail away, some form of RNS might help to steady the ship...(assuming that it can be steadied!).

Some of the issues may actually be Brexit related as a couple of the licences involved are in Northern Ireland rather than in the Republic where the company is registered. The JV involves setting up separate JV companies and so the issues could be around this. This may be further compounded by the fact that people can't move around to do administrative tasks which might require personal visits. Just a thought....trying to be 'positive'!

It would seem many people have also read what you have read! The sentence sows a bit of doubt to those of us who have a long history with CGNR! Makes one wonder what the issues are holding things up...?!

https://www.zamareminerals.com/s/34/ntambu-licence

It's interesting that FQM are providing data free to Zamare. Arc get mentions in the latest press release and on their project pages. Worth a read if you like numbers and geology....

MMs this morning seem to be 'holding' the Ask price just below 40p and despite 8 solid buys and only a 7,500 volume shown there's no tick up.....!

"Why are we here?
Because we're here.
Roll the bones, roll the bones"
(Neil Peart, Roll the Bones / Rush)