togo phosphate - our chances

I have started a new thread as the other one had digressed from the issue of our chances winning the Togo tender.

If you go through our previous announcements you will recall that there are two distinct components of the tender.

1. Mining
2. Processing of phosphoric acid.

If you then do a research on our competitors you will see that both of them are predominantly focused on acid and fertiliser production.

Balamara is the only listed mining company that's left in this race.

I've underlined the word listed because the other two are private entities and therefore their business conduct and accountability does not get scrutinised as much as that of a listed company. I think that this is also a big advantage for BMB.

Another advantage that Balamara has over its competitors is that it has a backing of our Australian government.

In the announcements our management has clearly stated that we have a support of Tier One partners.
The word partners denotes that there are more than one partner.

It goes without saying that we must have a support of a major financial institution willing to back our bid and finance the project and I wouldn't be surprised if we have formed an alliance with some major acid/fertiliser processor just in case the Togo Govt wants to award both mining and processing to one company.

Personally I think that there's a good chance that this tender will be split into mining and processing and if that happens Balamara as the only miner left in the race would have a great chance to win this tender.

Lastly, I've noticed that some of the African Intelligence and Indian media articles mention that the tender will be awarded before the end of this year.

In whole honesty I doubt this. Again, if you read BMB's announcement, we are about to lodge our tender docs with the Togolese Govt and if that is the case, there's not much chance that we will get a final word before the end of December.
My guess is Feb-March.

Good luck to all.