As long as the study is robust enough, financing shouldn’t be a problem I think. Also the amount isn’t huge by comparison to other mining projects, so I suspect a combination of debt and equity would cover it. Also financing could possibly come from offtake parties. Lots of ifs and buts, however, with the economics that this project holds it’s hard to see how this couldn’t get financed.
Too tight. Although I fear someone knows something and the ship is leaking. There has been such a sustained sell off without any news that something doesn’t seem right. They desperately need some good news.
RE: Graphite company's in Tanzania19 Dec 2018 07:43
In my opinion the current board are just puppets. It’s obvious that the Volt chairman is calling the shots as a major shareholder. Perhaps he’s putting Volt ahead of ACP for his own self interests. Who knows. It’s a diabolical situation considering the opportunity just no real execution of strategy. Management need to change and fast. Looking at past performance nothing that AK has been involved in has performed particularly well from a shareholder return point of view so why should ACP be any different.
Also the deal was done with Jason Brewer who is on he board of a multitude of ASX listed companies. I wouldn’t expect this to be something he will devote much of his time to. I would treat this project like it was just given away. Disappointing really.
RE: Vox Markets article 1st October09 Oct 2018 12:10
That’s extremely worrying. Surely the loan came with an agreement that had rights and obligations. If the loan was secured this would have been detailed in the agreement. Kudos to you for keeping management on their toes.
RE: Massive potential for Graphite24 Sep 2018 22:46
No point quoting Syrah as a company that ACP can become. Syrah have a market cap of 1b for a reason. They are the most advanced and have the best and biggest deposit by far in my opinion. They will dominate global supply before anyone else can.