BML

2.22%

8.8¢ boab metals limited

Ann: EPA Amendment Approval Received for Sorby Hills, page-12

First 12 Last

Share
Profile

Follow
spendit

4,112 Posts.

185

01/07/22

15:27

Post #: 62323303
Share

Originally posted by AuGeologist: ↑

Exactly.

This is why the DFS and offtake delay was worse than people seem to realise. It is not "just" the 12 month delay (that is already massive). It pushes us past into the following wet season, which means it's effectively an 18 month delay. As you have said, tenders could easily have been finalised already, pending funding.

For those saying that nothing has changed - the timeline quite clearly has. And if we run out of $ pre-funding which is more likely with the delays it means we are running on equity rather than our debt funding for a longer period of time, meaning we may need to raise prior to funding. Which means more dilution. $6m will barely get the roads in place, let alone long lead items.

Expand

Originally posted by Gareth3h: ↑

Why wouldn't the tenders already have gone out? They could have been done and ready to award, subject to EPA approval, which was only a formality anyway.
It is now dry season up there (started few months ago) so would expect works to commence right now, not wait another few months to tender, review, shortlist, clarify and then award. Then get in the waiting line and then mobilise to site to start works.

Not sure how they plan on funding these works anyway. If DFS was done, that would pave way for funding to allow facility for the pre works. That $6 million in the bank won't get us far, especially when you need to allow enough working capital for the company to run normal day to day activities.
What about long lead items for the mill.
There is mention of construction camp now, was that previously mentioned or was it always supposed to be in town accommodation in Kununurra?

We need clarity on the DFS and offtake delays.

Expand

Maybe actually read instead of posting mis information. Everything is still going ahead as planned. All your answers are in here. Was a good update today.

Last edited by spendit: 01/07/22

BML Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

CBA breaks trading record on strong day for Aussie financials

LAM

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

QML

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

BIT

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

PRU

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

As Nvidia cools, we're looking to Aussie AI

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

OCC

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

SBW

Shekel Brainweigh investor presentation webinar – the future of retail automation

There are more pages in this discussion • 12 more messages in this thread...

First 12 Last

Add BML (ASX) to my watchlist

(20min delay)
Last 8.8¢		Change -0.002(2.22%)		Mkt cap ! $20.53M

Open	High	Low	Value	Volume
9.1¢	9.1¢	8.5¢	$10.76K	122.4K

Buyers (Bids)

No.	Vol.	Price($)
2	60554	8.7¢

Sellers (Offers)

Price($)	Vol.	No.
8.8¢	94301	1

View Market Depth

No.	Vol.	Price($)
2	60554	0.087
1	117647	0.085
3	100000	0.084
2	85000	0.083
2	107777	0.082

Price($)	Vol.	No.
0.095	88393	1
0.100	61714	2
0.110	427864	6
0.115	103202	4
0.120	156692	5

Last trade - 16.10pm 06/09/2024 (20 minute delay)

BML (ASX) Chart

Ann: EPA Amendment Approval Received for Sorby Hills, page-12

CBA breaks trading record on strong day for Aussie financials

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

As Nvidia cools, we're looking to Aussie AI

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Shekel Brainweigh investor presentation webinar – the future of retail automation

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: EPA Amendment Approval Received for Sorby Hills, page-12

Top Stories

CBA breaks trading record on strong day for Aussie financials

Laramide sniffs prime Kazakh uranium, with agreement over 6000 square km land position

Week 36 Wrap: AI hype wave tested again; Oz per capita recession continues; AirTrunk’s $40B+ payday

Metallurgical testing shows saleable copper and pyrite from QMines' Develin Creek project

HotCopper users blunt as Biotron sinks -35%; long-awaited COVID drug results same as placebo

Perseus Mining boosts stake in Predictive Discovery to 19.9% as latter's flagship project stalls

As Nvidia cools, we're looking to Aussie AI

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Orthocell kicks off collagen-based dental bone repair product sales in Canada; eyeing next stop Brazil

Shekel Brainweigh investor presentation webinar – the future of retail automation

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News