Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
Why is this website chat so ****? Literally so annoying.
the AGM is scheduled to be held at Shell headquarters, at Carel van Bylandtlaan 16, 2596 HR, The Hague, The Netherlands at 10:00 (Dutch time) on Tuesday May 19, 2020.
Thanks Technick, i always look out for your posts - As they are always very informative!
Excuse my ignorance, im not deramping as i truly believe this company is going places.
But what is in the RNS we dont already know? Is it just the fact we are on schedule?
South Korea just announced that the patients who were feared to be reinfected with the virus were just false positives.
Ive learnt the hard way. In at 75p out about 82p and back in again now! Oh dear - Hope to see a nice rise to 150p this afternoon
To what degree will the sales RNS be priced in?
If NCYT have until 30th to announce sales figures why would they announce them before?
Surely they want their books to look as big as possible and theres plenty of time between now and 30th to get more orders in - IMO
Managed a small top up at 73.5. Onwards to £1 now please
AVERAGE OF 1.69P! Seems miles away but you never know
Thanks, Orangutan72.
I've already filtered a few this morning and will continue to do so.
Ive been waiting for an oppotunity to get in here for ages now.
Finally got that oppotunity this morning!
Good Luck all, got in at 376p.
Have been watching since 150p days and wish i got in earlier!
Q: How much in pounds sterling is KEFI final equity subscription into the project? Will it be raised by a further issue of KEFI shares?
As set out in the 2018 Annual Report and in other announcements the finance plan is for KEFI puts $10M or £7M more into TKGM sourced from cash, working capital facilities, mezzanine financing possibilities and refunds on project finance closings. We will utilise the best available combination of options to provide this money at the appropriate time.
Government Politics and Regulation
Q: What impact will the outcome of the Ethiopian elections have on the project and the loan commitments by African banks?
The outcome is not a matter of concern because the election result is widely anticipated. The banks merely need to see law and order in the lead-up to and the immediate aftermath.
Q: What happens if there is a change of government after the Ethiopian elections? Are our agreements with the government robust enough to continue with a new PM, or will there be a new negotiation process to go through?
Agreements stand regardless of who is a PM or Minister etc. And the project will be no less important to the country and region than it is today. It will still be largest single export generator in a country which has a trade imbalance and a hard currency deficit
Project Debt
Q: Having had a choice and in an apparently improving lending environment, KEFI decided against a bond. Will KEFI have more control, will there be a strict timetable and will there be built-in penalties for delays in payment of the capex funding?
It was wise to replace the bond deal with a bank deal. The pandemic has reinforced that. The terms of the project finance are conventional. Once one has satisfied closing conditions, the lenders must provide the requisite funds.
Q: Is the bank loan agreed and in place?
The terms are agreed and have been through their committees. Full finance close means final approvals by their boards, and those of TKGM and the contractors. In the meantime, we have preparations such as engineering, IFC compliance on social and environmental and establishing bank accounts in the international financial centres, which is also a first for Ethiopia.
Q: What happens between now and full financial close?
Project contract final pricing reconfirmations with all the fabricators.
Community resettlement preparations to hand over compensation to over 2,000 people on the mining licence area and many more affected by project in the surrounding district.
Banks final credit approvals and their reporting requirements.
Project Level Equity Funding
Q: Are you confident that the closing of local project equity will occur?
Yes, that is $58M from the combination of our Government and private partner, ANS
The Government has already closed and is spending its $20M
The Government is helping wherever it can because TKGM has suffered from some extraneous factors largely affected by the Governmen
Its not
Without the first trance from ANS, soon!
Lets hope we hold our rise this time!
Payment Imminent is all i keep hearing... I know we havent got an exact date but what is everyones guesses?
I feel a 40% chance in March and 50% chance in April 10% chance April onwards.