All,
Wow, finally a few days of trading above the capital raising price. Still makes me scratch my head how this can be the case. So many trading days below 16 cents.
We only have a 2017 report to have a view of the state of the plant. Unfortunately we are in 2020. More than 3 years later.
What is the current state of the plant and what funds need to be spent to get it operational?
Particularly considering it has been shut for more than a year and was planned to be completely shut down in a further year.
As per
@fooca post "The Morilla processing plant has been set up to run out tailings, the main mill has been on care and maintenance for over a year +"
It pays to be realistic - they were only processing tailings. Hence the expectation and public statements of processing a much lower number than any of the predictions here.
I notice in:
https://*********.com.au/mali-lithium-join-gold-producer-ranks-acquiring-morila-barrick-anglogold/Infrastructure includes the plant, staff village and water storage, a 14MW diesel power station - does anyone know the cost of running 14MW of diesel. Last time I saw Diesel for Mali it was very very expensive.
I am still not sold on this and clearly neither is the market as we are trading below the pump price of 20c+.
Time will tell but I am not convinced yet of what is going on here.
This potentially may be a lemon until we get any independent verification. Rushing in blindly in my opinion.
(20min delay)