Hi Farmsdownsouth I can see why you waste your Sunday posting on HC on a stock you don’t own have continued to refer to Lindi as Lemon…As sparecash pointed out Lindi has jumped the queue and leap frogged the competition towards first mover advantage…
The ADU presentation will mark the beginning of Lindi production life…This will no doubt be a pleasing moment for Ministry and Government officials along with new opportunities for local employment and demonstrate to World markets Tanzanian is open for business once again…With the likes of Barrick dispute now worked through the fall out current management embraced the new regulations while others remain steadfast it effects the viability of their project…In Lindis case you argue it reduced the competition…
There is little doubt not all projects are created equal with the 16% free carry dividend payments being stretch beyond economic prospects…It could be argued that not all attendees will applaud this success of Lindi but pondering the reduction instead and lost opportunity of first mover advantage…
With Lindi being costed and developed pre inflation pressures now places a wider gap between those wanting to develop and being developed…First mover advantage is real and is happening as we speak…
The company is yet to announce sales from development ore which had an estimated value of US$3-4 million awaiting backloads from shipping companies for export…With the cut off date being set at June 30 no reporting was included with the quarterly report however so close…Yesterdays miss this weeks ADU upside as another 2 full months of continuous commissioning have occurred where some 95 bags of concentrate have been reported in in a single day of processing…
95 bags only handful of bags away from reaching nameplate capacity for an 800 ton throughput…There is vast amounts of evidence the DFS was conservative with contained graphite now being delivered to Rom pad 50% higher than DFS models…
Regards Croc
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