Originally posted by Croc-file
Hi sirobbo The fundamentals have not changed. Graphite from Lindi is classed as best in class and suitable for premium and niche markets. It has the lowest ROM to peers and the resource is open in all directions. The strategy to grow into known markets with certainty remains. Walkabout Resource will be first into production which gives a huge advantage capturing market share.
Who did Cam Hardie write with...?
Moving on from the reports EWexploror has hinted of a white knight...Is this why white seagulls circle...?A better result will be for the 7.1A being removed IMO. A share price at 14 cents with 15% discount would raise 4.7 million after costs.
The stand out is the resource due to the shallow resource with high grades from surface...The fundamentals are not in question and today's poster's all agree...not one has so far complained of my post and the fundamentals will remain un-challenged at close tomorrow, and the next day, and far beyond. This is the reason
white sea gulls circle...but watch out for their intention....Whats the real reason they circle?
Remaining factual the gate keepers remain true to the fundamentals...
Always have...
Lindi namely the
Gilbert Arc is quite amazing when compared to peers...
Rare in nature and in abundance we are yet to receive results of the ultra high grade section. Can we exclude Patterson's? The ultra high grade section has grades at surface from 46% TGC where feed grade generally correlates to a higher value basket price and favorable distribution.
Nothing else like it ever discovered on earth....Premium value and only 9 months build time low capex
The fundamentals...delivering highest margin per ton mined by a country mile... Andrew Cunningham what a fantastic job...
23 % TGC to be mined in first years
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Leaving it here but this is the reason I am here..Strategy to grow into known markets with certainty and expansion off take already lined up...3 x 40 TPA and plant rod mills ready to go at 3000 TPD not the 1000 TPD from DFS. Current 46 million EBITDA based on 40,000 TPA...AN IRR of 86% and pay back under 2 years with conservative DFS figures. Four discrete products and Graphite being sent out previously to further end users for testing...Tick tock
White Sea gulls
Croc back from vacation by popular demand...taking a snooze
Keeping the 7.1A is a no-brainer. If the SPP doesn't raise the amount required to get the remaining project finance in place then we need a fallback and that is clearly what the SPP underwriting and the top up facility are for. Without them the whole project financing could fall in a heap (or cost a lot more) and where would the SP be then? The SPP is not capped at $3M because the directors have the discretion to accept overs, so the full raise can at least potentially come from SH if they are up for it. If they're not, then the SPP underwriting and the top up facility will fill the gap.
The risk is whether this capital raise will be sufficient to put the remaining project finance in place. My hope here is that management are confident that it will and have structured the raise accordingly.
My other hope is that management will give as much as possible of this raise to SH and will only resort to the top up facility for any required balance. I will be very disappointed if they scale back the SPP and then activate the top up facility to make up the balance.
(20min delay)