Kalenn
Surely this selling is brilliant for accumulators, hell I am continuing to grab more as I can (although soon I will need to re-mortgage
).......please dickheads.......please keep selling!
Fundamentally this is only advancing.
This is a tier 1 asset that Cameroon wants developed, and the country has granted Camalco (Canyon) three years to produce a BFS (granted August 2018). This BFS will be delivered in 2020 well ahead of schedule. The Scale of the resource size
has the ability to be COMPLETELY DISRUPTIVE to the global Bauxite market. Extremely high grade, and extremely low impurity.......no question!!
Kribi Rail? Country wants it, but more importantly the country needs it! MASSIVE DE-RISK once announced. My broker thinks this is close because its needed before the PFS.
New Mine? Country wants it. But more importantly the country needs royalty's to bolster the Cameroon GDP, and they want to send a message loud and clear they are open for mining business. Camalco already has a large in country presence. I would anticipate at least 500 full time staff are required once this is operating. I am hoping an update on in country operations will be delivered shortly.
Feasibility?Scheduled for Q4 which will confirm the financial viability of Minim Martap. 1b tonnes @ 10mtpa export rate with a conservative margin of say 30USD..... MASSIVE DE-RISK IN Q4
My point is over the next weeks/months this has to de-risk. There simply isnt another option! Share price cannot stay this cheap.
My question is what in gods name is BW Equities doing allowing this to drift to these ridiculous levels below the recent capital raising levels? I will be asking Phil and the team this exact same question at the AGM in November, because my broker cant explain!
For the technical traders (and another reason I have been accumulating)....Last years gap was finally filled with last weeks move back to touching 13c.
PS My broker says we should be watching political developments in Guinea with upcoming elections in early 2020. His words (or close enough) "If the political landscape in Guinea was to become unclear, the potential to disrupt seaborn bauxite supply and therefore positively impact Bauxite pricing is real." Bearing in mind that Guinea supplies like 70% of seaborn.....then bloody hell!!
Check this link I have found tonight.......
https://www.theafricareport.com/16913/why-emmanuel-macron-has-to-tell-alpha-conde-to-stop/In my opinion it is simply a matter of time before bigger mining company's come knocking. Any one of these de-risking events could trigger their move.
If your new to the stock.....You lucky buggers this price is a gift
If your in the stock and your price point is higher......Surely your averaging down!!
Good luck DYOR
(20min delay)