LMG 2.17% 4.7¢ latrobe magnesium limited

1.0 "Latrobe has appointed Jasper Consult DMMC to assist LMG in...

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    1.0 "Latrobe has appointed Jasper Consult DMMC to assist LMG in making the approach potential partners."
    (Headquarters in Dubai). "Latrobe Magnesium is holding discussions with potential joint venture partners who wish to participate in its project." 12/09/2022
    Latrobe Magnesium was in the middle East recently.

    2.0 Latrobe awarded the Prefeasibility Study for 100,000 tpa plant to Bechtel (American Headquarters)

    3.0 Latrobe awarded the Spray Roaster Contract to Tenova S.p.A (Italy)
    In the last Quarterly "Fabrication of the Spray Roaster package is being shifted from Europe to Vietnam"
    Then it went to Italy EU.
    That would be called an express package lol..

    4.0 Latrobe signed a binding MOU for Ferro nickel supply with SLN Soci`et`e Le Nickel (New Caledonia)

    All major announcements but we are still missing a few.
    The following are just some questions, not criticism
    .

    "LMG personnel will be attending the International Magnesium Association Conference in Barcelona at the end of August."
    What happened here, what meetings of importance?

    "The team is focused on developing procurement packages with eighteen (18) major equipment packages issued to the market and a further seven (7) packages under development, representing 66% of the equipment packages planned to be tendered."
    How have the equipment packages progressed? If 66% were planned to be tendered, what has happened in the last 3 months since it was announced (The above does not include the Spray Roaster or the Reduction Furnaces if I read this correctly.)

    "The second $10M advance is due to be drawn by 1 September 2022. This drawdown allows LMG to enter into agreements for the supply of its long lead time capital items, being the Spray Roaster (Done) and the Reduction furnaces. These two items represent approximately one third of the direct equipment purchases for the demonstration plant."
    What is happening with the drawdown that was scheduled for the 1st of September to allow for the reduction furnaces (Plural)?
    The supply agreements are dependent upon the $10M drawdown, so what is happening? We know that Tenova was awarded the Spray Roaster but what about the Reduction Furnaces.

    "The fabrication of the second Reduction Furnace (Singular) is being shifted to Malaysia"
    Sounds like one is sorted but not announced as awarded.
    What happened to the other Reduction Furnace that is regarded as a long lead time item?


    "The PFS-A study should be finished by the end of September 2022."
    The last Investor presentation was 9th March 2022 (Over 6 months ago) - Why is there not a great deal more promotion?
    Is LMG collecting 'all and sundry' for a major Project Update announcement and an Investor Presentation?

    Better start squeaking to get some grease in this bear market.






    Last edited by kengaroo: 26/09/22
 
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