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Https://www.londonstockexchange.com/news-article/ACP/mahenge-graphite-update/16483457
That's a pretty decent update, tbh!
Wtf
the Company is considering recommencing the FEED study so the project is construction-ready when funding is secured.
Yes mate. The idea being is once finance is secure, there's nothing further to delay the project.
The idea is to ensure the FEED is accurate to ensure we don't end up with a HZM type situation with cost overruns.
The comment was about
‘considering recommencing‘
Otherwise RNS is a good one.
Yada yada oven ready, it'll buy them another few years at least.
Rover, no point in paying for a FEED study if it lies on the shelf for 1-2 years awaiting conditions that will benefit the company and finance can be sought. It will be out of date in regards to process/design (things move on ) and costs will quickly change.
1. Infrastructure cost savings and ESG benefits from said infrastructure
2. If a billion dollar project doesn't get lift off, then hard sell for finance of a smaller project. Getting due diligence and a big project off the line makes it easier for subsequent projects to get finance due to derisking of the region and country and also to get better rates due to lower risk.
I'd say the trigger will be pulled on FEED update when BKT get financed and it is certain that the infrastructure will be paid for, giving certainty to the FEED study and the DFS for those savings and ESG benefits..
Outside factors have had a detrimental affect on progress, lead billion dollar project delayed with partners, then with finance and I am pretty sure the Gov wouldn't sanction any other project to move forward until its darling project bringing so many benefits to the region is in the bag. They will lift living standards in the area whilst creating a mining hub for jobs and taxes etc. ESG lift for whole region opening up trade worldwide rather than China.
Annoyed as many are, including me that we have been put in queue essentially, the development of the region and the 'long' term benefits to projects operating out of it are quite important in regards to money saved, derisked region and ESG. These are somewhat more important for a 15 yr project (as it stands) than the quest for people to breakeven/be in profit in the short term. Some people entered a trade, saw that that it was an investment, ignored their realisation for 320 days, went into a loss position and then whinge incessently on the internet that they were duped. Especially when they confirmed they already knew they were duped for 320 days, THEY (all their own choice at this stage, no one to blaim other than themselves) still held and still moan.......which is not you by the way...
What a load of Waffle
Did MB have a lobotomy?.......Maybe he has AI writing RNS'....ha
AIMtodeath,
Agree with all you say. I’m just confused about the RNS and why now!
They RNS has reiterated that
1. Graphite is certainly looked at as a major contributor to current and future net zero
2. Changes in US and China push non Chinese graphite into a spot light of high demand low supply outside china
3. Things project waiting for enhance the project financials and ESG credentials widening customer base outside china (and potentially premiums paid to secure ESG material for Tier 1 and Western suppliers....i've read separately)
4. Which all means this project is still in play and the company are willing and ready to progress it when the conditions are in place to do so for maximum benefit to the project.....i.e. BKT gets financed essentially as that makes everything fall into place that helps all of the above. We nor the company AND ESPECIALLY BKT and its investors expected to still be arranging finance this long.