Ann: Approval for US$40m in new debt facilities from CRDB Bank, page-19

Just got this in an email today ...Tue, 19 Mar at 9:26 am

Tuesday, 19 March 2024

BKT - BLACK ROCK MINING LIMITED

Macquarie rates BKT as Outperform (1) - Black Rock Mining is still targeting first production for the Mahenge Graphite Project (Tanzania) in 2026, notes Macquarie, and has secured key approvals for the targeted US$113m in debt funding for the project.

Management has approvals for US$59.6m from the Development Bank of Southern Africa and US$53.4m from the Industrial Development Corporation of South Africa.

The broker's Outperform rating and 25c target are retained.

Target price is $0.25 Current Price is $0.08 Difference: $0.171 If BKT meets the Macquarie target it will return approximately 216% (excluding dividends, fees and charges). The company's fiscal year ends in June.

Forecast for FY24:

Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus 0.40 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 19.75.

Forecast for FY25:

Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 0.40 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 19.75.

Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources