Interesting stand point, I'll give you a bit to think about on each of your queries.
Sale of small amount of mined product still no news
Mining will have been completed today, sale will be a gross amount likely after the production process (the Ardmore phosphate ore has a relatively low carbon footprint because the ore requires only minimal processing after mining, reducing typical onsite energy requirements). Market will be updated on the course of sale in due time of course. Will likely have an update in the coming days/week.
Lindh to get up to speed with company progress
He's a secretary, there really isn't anything that he will do that will impact the profitability/day-to-day runnings of the business while he begins his new role. CR or finance to bring this project to production
There's always a capital raise, there has been little to no dilution over the years of shareholders value in CXM. It is likely to be in conjunction with the rising share price from the cash being brought in from the short term mining of Phosphate. Debt financing wouldn't be a bad option here either with the payback period exceptionally low given the low capex. They've got a lot of the main foundations to start the full production in the coming 12 months if agreements pan out. Progress has also been made with potential funding partners for the Ardmore phosphate project in numerous directions, with current potential interest in both equity and debt funding solutions.
no news of the processing plant being commissioned.
Ardmore is one of the few remaining undeveloped high-grade phosphate rock deposits in the world and is substantially “shovel ready” given the benefits of shallow free-dig mining, the simple processing method capable of producing a “clean” premium grade phosphate rock concentrate with ultra-low cadmium levels, access to existing logistics infrastructure and its strategic positioning for supply domestically and throughout Asia-Pacific.
Off take agreements can be difficult if you have no time frame for delivery.
Management have settled many offtake agreements previously, also, Interest as already been shown in purchasing some of this Ardmore production and we anticipate demand will increase as the product becomes available.
And looking at the paradise project it would be best to stay independent from potential off take partners financing, access to rail and ports (all miners are booming, allocation of assets could be tight, particularlyfor the small guys), phosphate not seen as the green solution, hence i think the push from paradise to go organic and if CXM head this way.
Paradise project has an enormous capex of $200mill+, meaning they have to have many routes of funding available + a massive set of accessability to assets in the area. CXM has a minuscule capex starting platform for a 10+ year mine life with great returns at anywhere near current phosphate prices. Phosphate is as relatively green, being a fertilizer for the many crops across the world + work has also commenced on lowering the sustainable carbon footprint from the Ardmore project. The Ardmore rock phosphate, because of its high grade and low impurities, can contribute to the reduction of greenhouse gases by promoting increased plant growth. Another ASX listed phosphate project in MNB have recently lodged some good ESG work, if CXM follows these protocols this could be a massive gamechanger.
(20min delay)