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@ozpolarbear Is there a commercial bond between YXGC and SQZQ ?
Combined these two deals/offtakes set Triton up for 300kts 2017 Production at NICANDA Hill.
Both were 'earmarked' for NICANDA Hill.
I presume that the 50cent+ SQZQ pre finance placements were in SQZQ's assumption for Nicanda Hill preparations for then Plant OPEX Finance of $100mil to kick in. All secured by issuing equity for the pre stage and then taking UP to 200kts graphite offtake.
But within days of signing the LOI Anacube came into play with an inference that Anacube would supply YXGC not Nicanda [necessarily]. Further plans for vertical integration plants in China and Mozambique were announced, Again 'nod'n'wink' being centred on Anacube. The plan'plot seemed to be unfolding of 200kt+ Anacube production AND apparently any Preliminary Capex was going to be available if BB "chose" from the 50cent+ SQZQ facility if BB couldn't rustle up another source of finance on better terms.
Now TON Scoping study but Nicanda Capex at approx $110mil for 200ktish production. Read myself or heard BRR about buget estimate at most BB's $150mil tops and the shuffle planned between Equity and Debt Financing [debt from SQZQ] I presume BB's comment about a Rights Issue CR related to this? Nicanda Hill?
Anyhow I've seen no company details re Financing the 2 New Expando Plants. Not even an Estimate of COSTS just potential profits. I've seen, based on phone calls, the Aspiration of opening Anacube 2016 with 200kt production but No Costing for that. It's all been glossed over with BB has SQZQ and a cornerstone Hong Kong Bank 'on the hook' she'll be right maaaate
Could it be today that SQZQ said Hang On we're proposing to finance Production at Nicanda Hill but apparently you Triton are thinking of siphoning some or even all of our 50 cent share $100mil off to Anacube Where's our collateral for this? especially share price is not over 50cents like was forecast?
Do you want to change the deal that we drop 50cents to say 30? 30+ of course?
Now from Day 1 of the YXGC deal just to Offtake about 3 months ago there's been chat about what a coup Brad's Dragon Deals are. That they were in part with Private Company End User YXGC not a SOE has been particularly noted. the sheer FACT is China is not capitalist in our 'western' sense of the word and I can find comments by China Watchers that Private Dragon Companies are often the ca$h cows of the Ruling Elite Generals/ Top Gov't Officials etc. Too dramatic or conspiratorial for you?
Boogey man
@Names little
anyway my 3/3 so a chart
View attachment 69555
Gap at 31/31.5
200EMA support at 28
a wick, kinda gap 26/27.5. filling this may open 26 as support.
presumably some clarification will be released tomorrow to the MARKET not just to indiv e/voice mail.
Remember the consistent BRR interview SP Effect
Will be days B4 any Short Info available and that's known as very inconclusive hey
@Rat1973 ?
So all in all mums'n'dads Brad is playing with the Big Boys now with his rep now and in the future on the line.
Was IS Anacube a Bridge too Far?
3/3 so no replies can be entered into.
off for Game of Thrones.
