Just arrived frum outer space can anybody tell me key points about African Minerals pls?
Chunky buys on the move buyers taking what they can get fell from 40p. £5mil profit last year and a £3.5mil market cap ........another AIM share hit to a low price Guys ACE try buying. Auhua Clean Energy (ACE) Suitors Circling ? [link] Local rumours suggest major shareholder and backer Rowsley Limited is having to fend off suitors as Chinese multi nationals target, Auhua Clean Energy as it turns up the heat and China embraces solar power....
zimbabwe ditcing the Zimbabwe dollaar meas little, as they did it a long time ago, with the accepted currencies being US$ and South African Rand. What they have announced is a amnesty on Zimbabwe $ giving hlders until September to change them for US$.
A mineral processing plant is not like a washing machine. You don't just put ore in, turn it on and then get concentrate out. Every piece of equipment needs tning and fine tuning, you need to get the ROM grade right, the crush and grind siize correct, the ct off points right on jigs and tables - all the time you will be getting something out - but not neccesarily an optimum process until everything is spot on - that process can take months.
No one can see your posts, sub 2p no way.
the next few weeks will be a great opportunity to buy in sub 2p i can see this share hitting 10-15p by year end when zulu comes online + rha under/g
i think we will get no rns this month on production
pxs
Comparing RHA's plant with Hemerdon's is like comparing chalk and cheese. Hemerdon is mining a massive tonnage of very low grade ore in a bespoke plant, RHA is mining a relatively low tonnage of high grade ore, meaning the tuning of the plant is very different to Hemerdon's which has 3 streams. Finally the RHA plant s a modular plant that has already been dry commissioned in the factory, so its a case of putting it together like Meccano, running it up and tning it - its a very simple gravity seperation making that a straightforward task. Personally, I am a qualified mining engineer who grew up in the area where gravity seperation techniques were mastered with shareholdings in both Prem and WLFE, so I like to think I am being objective in my opinion.
O/T: OXS info: Jeeroy news 27 Apr. Check Oxus Gold today
axm
For those confused; The bridge facility is the $250,000 announced today, that is repayable to George on completion of the main financing (So probably in the next couple ot weeks). The larger loan ($766k) will be repaid to George after ALL OTHER DEBT has been paid off. The terms that George has offered the loan on are great at what amounts to 3.5% - A mining project would never get senior debt financing at that rate, let alone a bridging loan! Finally George has the option to convert those loans into shares.
To the poster who is rating mining stocks by averaging the sectors SP and comparing individual stocks SP against this average - please, just stop!
*1500 Metres that is
Danakil is certainly an interesting project, shallow Potash deposits are a rare beast, with most mines operating in the 1000m-2000m depth horizon. Solution mining would make it one of the lowest cost producers in the world as well has having an extremely low Capex - in comparison with Sirius Minerals' York Potash Project (In North Yorkshire), which if it goes ahead will be nearly 1500 deep, with a Capital expenditure of £4 Billion! and much higher OPEX costs than a solution mine in Ethiopia.