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Wilma85

7,942 Posts.

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03/02/18

11:24

Post #: 30791509
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Originally posted by benspurgin ↑

Hi Folks, I think the last offering is unnecessarily bleak. The debt-finance appetite for graphite mining in Tanzania is looking more positive. Have a look at Volt Resources recent debt-financing success in Tanzania:

https://www.miningreview.com/news/4...e-tanzania-graphite-project-move-development/

Or a very bullish sentiment recently offered by Peak Resources CEO on the changing climate in Tanzania for responsible foreign miners:

https://www.miningreview.com/news/tanzania-government-eager-restore-investor-confidence/

I smell no ripe carcass, just a ripe opportunity for a sub-basement sale price for a great investment, that will require a steady hand and patience.

Clearly, none of us are thrilled by the wait; and even less impressed by the lack of transparency of the Tanzanian government last year in this matter. But if you believe that AS and the KNL management are committed for the long haul in Tanzania - and what evidence could doubt that conclusion? - then the current SP must be a bargain. I could be wrong, of course, but fear (like over-confidence) can make us do dumb things.

My reliance on recent KNL announcements is based on the track-record of its corporate team, a group enjoying a positive reputation in the industry both in Australia and in Tanzania. No hype, just the facts. No glib Twitter daily updates, or flashy promises, or forecast dates that if not met create hysteria amongst investors. If we accept that the mining landscape in Tanzania has been challenging last year, but that the Tanzanian government is now open for mining business again, then our turn must come.

I prefer an executive team who are committed to managing the company and not the SP. Focus on the first and the SP will take care of itself.

Expand

For those interested, here is a recent article on the Tanzanian economy:-

http://allafrica.com/stories/201801290714.html

Last edited by Wilma85: 03/02/18

KNL Price at posting: 15.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 12.0¢		Change 0.015(14.3%)		Mkt cap ! $54.48M

Open	High	Low	Value	Volume
11.0¢	12.0¢	10.5¢	$85.61K	760.1K

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No.	Vol.	Price($)
1	50000	11.5¢

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Price($)	Vol.	No.
12.0¢	24094	2

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No.	Vol.	Price($)
1	50000	0.115
1	38416	0.110
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1	5000	0.098
1	10000	0.097

Price($)	Vol.	No.
0.120	24094	2
0.130	35000	2
0.140	100000	1
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tony2times, page-33

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tony2times, page-33

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