Member Info for Tardis

Miners swing harder at times of recession/market fear than other stocks. That said it is a bit strange the juniors got hammered so badly recently given most commodity prices remain good. Valuations are pitiful across many juniors on AIM, but the hope must be that they have bottomed out, with several rallying this month. How many large firms can warn about battery metal shortages in the coming years, without money being invested in to junior miners/explorers.

Whilst MB's lack of communication is infuriating, the company's cash burn is very tightly controlled, so in that respect he has done a good job, and unlike most juniors, there isn't the fear of dilution every twelve months. I think ACP are just biding their time at the moment, hence why they don't respond to emails - they can't publicly admit it for fear of hurting the SP more.

Has to be some good news at some point though...

Company really should not be struggling to finance this one… Graphite price good, future demand good, neighbouring exploration site progressing well, decent mine production economics. What more can financiers/commodity firms want…

Even as a suffering holder I enjoyed you analogy Amtech. Humorous…

However, there seems to be interest coming back in to the junior miners. Higher volumes and blue days for a few long suffering mining stocks.

Perhaps a market inflection point??

Perhaps money coming back from the bitcoin casino to AIM as well??

1.8m share buy today

Perhaps investors will start to chance their arm again here?

Would be very nice if the SP could get up to 2p before the next DOID purchase

Thanks AIM. To follow up on what you have said;

Is it normal for every mining project to have to negotiate the free carry? Rather than a set figure across all mining projects in-country. Seems a pretty inefficient system given the length of time it is taking to fix this. But then this is Africa...

I'm not sure you quite answered my question on the FEED study. So is the FEED part of the updated DFS, and is the latter needed for funding agreements? If so why have the company never stated that rather than the bullsh*t they churned out for two years about a funding announcement coming in the 'near future'?

I get the feeling they are slowing the BFS down in the hope that the copper price/futures will rise over the next eg. 3 months, thus improving the project economics

Just a hunch

Couple of questions for the more experienced mining investors.

Is a completed FFED study needed before funding agreements?

Will ACP need to do an additional Bankable Feasibility Study?

Thanks in advance

I think for the share price to keep moving forward, the updated feasibility study needs to come out in November or December, and it needs to be favourable. If the project still looks good, the SP should rise, and then DOID will have to buy in at a 20% premium in the new year, pushing the price up further.

If the feasibility study isn’t released this year or the project looks economically unfavourable, it will be time to give up on Asiamet imo.

Here’s hoping scenario 1 plays out.

Hope so. Long suffering holders need a break here (and an exit point…)

I was quite pleased with the CEO update yesterday. Looks like a road to recovery is in sight.

Updated feasibility study soon, then push on to financing.

Hoping this is the bottom. Up 10% since yesterday is a start...

...to MB

Wasa, thanks for the BKT post

I hope ACP ditch the Chinese plan and look West. In fact, maybe you should email the link the MB

I also hope one day ACP will employ someone capable of going on camera and talking-up the company

They seem impervious to advice though

There is no news because there is no news

Therein lies the problem

Excellent opportunity to drip feed funds in to HZM IMO. Will re-rate ‘bigly’ one day. Planning on topping up every month if I can, whilst the price remains so favourable.

Dear oh dear

Will the last one out turn off the lights...

In fact, seems everyone left already

Quick online research; looks like shareholders need to hold at least 5% (combined) to call an EGM (reduced from 10% in 2009). Any 1%+ shareholders here?

MB is terrible in interviews. I suspect that is why he steers clear of them. So why doesn’t he send his Chairman instead. Between them, there must be someone capable of doing some publicity. What is it with these clowns...

AIM - company have always said they expect to give offtake and finance updates in the near future (11 months ago they said that - look at the announcement). They have never said it is dependent on other factors falling in to place. If they are waiting on the Tanz government, why not make that clear?

I am close to filing complaints with the FCA

It’s painful across the whole junior miner sector at the moment. The problem is that ARS should have been at 6p before this downturn, but due to their various ****-ups, the SP was 2.8p

It doesn’t surprise me that Tanz are not issuing the new exploration licences. They probably want to see that ACP are actually capable of developing a mine before issuing more exploration licenses to them.

All of this is speculation of course, but what else can investors do when the company ignore all attempts at contact. Speculation fills the void...

I suspect either the Chinese are trying to screw them, so they are making no progress with offtake/financing, or they have been told the project is too small hence why they applied for the new exploration licences. Or a mix of the two.

The silence is an insult, and something companies can only get away with for so long before SP starts to dive. We are now deep in the diving phase...