The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
If we’re bringing up grades, we could mention that Vale will be supplying the mega hubs with:
2023: 62.4%
2026: 63.5%
2030: 64%
Quite frankly this is some of the best that’s on offer for now. When Zanaga comes online, it’s going to change everything. For them to be so confident to say an MOU in place by Q1 2024, they could only say if there were multiple entities and multiple offers/deals already on the table.
Regardless of SMs’ grades, they’ve had inward investment. The fact investments are taking place in barely-high grade ore should fill everyone on this board that investment is coming here.
StarBright, the majority of shares were released to individuals, whether the mechanism to put those shares in a trust as an example, would that involve 'going through the books'..? A bit like when you open an ISA, the shares are sold and then bought again. 2% of the company being sold should have tanked the share price, but it didn't.. only logical explanation so far if it isn't Shard then it's something along the lines of a Trust..
The potential of a DSO up and running for $10m.. perhaps less, could give us $100m-$150m revenue per year. I think that would put us in a prime negotiating position for Stage 1 and Stage 2 finance.
DSO start up project..
PSEI - no percentage, build infrastructure for DSO (perhaps even EPP)
Financed either by Glencore or bank loan
Use this as a springboard to bring further partners in to finance Stage 1 and Stage 2 - which could be a multitude of potential partners..
Great reading as always MM. I think DSO is a big key here that quite a few have missed.
I think you could be spot on with the shares:
Clifford Elphick, the non-executive Chairman of the Company, is indirectly interested in 80,252,592 of these ordinary shares, by virtue of his interest as a potential beneficiary in a discretionary trust, which has an indirect interest in these ordinary shares. The remaining 2,167,220 Ordinary Shares are registered in his name.
Those 2,167,220 shares likely needed to 'go through the books' to then put into trust? Along with a number of other shares that day. Potentially why when it seemed 2% of the company was 'sold' the price barely dipped..
Icecream, I believe it also needs to be within 6 months of the annual results.. so takes us to 3rd January. Maybe the company thought they would have a few things tied up before the AGM so could have it in November. Late December would be more fitting as it would be nice to have things like the loan sorted, perhaps even the re-costings.. would make for some nice conversations, instead of them not being able to answer certain questions..
No dilution but might end up with just a 3% royalty..
Beyond these commitments, any further expenditure at Bibemi will be on a contribute or dilute basis. In the event that Oriole's percentage holding in Bibemi falls below 5%, then its interest will convert to a 3% net smelter returns ('NSR') royalty on future production at the Project;
Also non-binding heads of terms.. means they can pull out anytime. Plus a period of due diligence for the other project.. would tread carefully..
Following execution of the HoT, BCM will, at its own cost, complete a period of due diligence ('Due-Diligence Period') at Mbe, ending no later than 31 January 2024;
An odd farm out deal, maybe because they have multiple projects..
On receipt of the payment, Oriole will undertake to BCM to hold a 10% beneficial interest in the Project on trust for BCM.
Upon completion of each US$500k of tranche of funding, Oriole shall undertake to hold an additional 5% beneficial interest in the Project on trust for BCM.
Looking at the RNS, $500k cash and $4m for exploration buys BCM in up to 50%. Assuming the company would then need to dish out 3.5bn+ shares to BCM so they then have 50% of the company?
Sounds a fairly awful deal your average shareholder..
Considering ZIOC had multiple entities approach after the restructure, and they will choose one of those to move forward as a strategic partner in Q1 2024.. then I don't think we have a need to put on an IR/Presentation event. ZIOC doesn't need to sell itself. It's the 5th largest Iron ore resource on the planet. It'll be in the top few % for the quality of ore which averages to 67.5% over LOM.
Sounds like you had a blast last night though 4kandles!
Some overseas project dynamics of Perce
1. Iron Ore Project (Congo)
The project is located in Congo and develops 30 million tons of high-grade iron concentrate annually and is developed in two stages. The project includes mining, concentrators, slurry pipelines, ports and infrastructure. At present, Paisi is conducting updated research, and the feasibility study of this project belongs to the international standard bank-level loan feasibility study.
It’s fairly clear we’ll be going into production ourselves with the ‘strategic entity’.. potential of 60mtpa of average 67.5% iron ore for 30+ years.. do the math.. we’re talking insane numbers..