Globe Metals & Mining - Uran, Niob, Tantal, Zirkon - Fakten (Seite 77)

[Reiners]

http://www.mwnation.com/business-news-the-nation/12666-malaw…

Globe will auch von Escom den Strom (5MW).

Interessant

[saltamonte]

Antwort auf Beitrag Nr.: 43.821.323 von Lenardo am 14.11.12 08:58:42

die umsätze an der asx waren heute hoch und trotz des schlusskurses muss man sich im klaren sein, dass über 1mio aktien den besitzer gewechselt haben... bei noch niedrigeren kursen. imo gibt es nicht soviele anleger die in globe mit so einer hohen stückzahl investiert sind. globe tritt ja jetzt mit kanyika in die heisse phase ein wo es darum geht ob das projekt weiterentwickelt wird oder nicht. ja, imo ist gar nichts sicher... es gibt zwar viele positive faktoren aber die negativseite darf man nicht ausblenden... da würde mir ne ganze menge dazu einfallen. vor allem was haben die chinesen tatsächlich im sinn? das ist ein grosser unsicherheitsfaktor und sie haben alle zeit der welt. aber natürlich wird auch taktiert... malawi will ordentlich mitnaschen (möglicherweise ja mehr wie bei paladin, auch die betroffene bevölkerung meldet zahlreiche ansprüche), dazu noch die wackelige weltwirtschaftslage, nachgebende metallpreise und eine dfs welche wirtschaftlich vermutlich gar nicht mal mehr so attraktiv ist wie vor einigen jahren noch.

die aktuelle bewertung von globe ist imo jedenfalls so als ob es kanyika nicht geben würde... hoffen wir auf eine positive entwicklung

[Lenardo]

Anyone have an explanation for the recent drop from 10c to less than 8c? Is it a buying opportunity or a hint that something not so palatable is happening but not yet reported?

gibts in deutsch eine antwort darauf?

[Reiners]

Sehr schnelle Antwort auf meine Mail an den CFO, demnach geht es bald wieder los.

---------------------------------


The buy-back had to slow down due to the end of year accounts and then there was the change of management at the company which delayed the program starting again, and then there was the release of drilling results at the Kanyike project. The company can only trade in its own shares when all the information has been released to the market.


The company has advised that it will continue the buy-back program and it will begin again soon.

Kind Regards


Kerry Angel
CFO/Company Secretary

[Reiners]

In a recent interview Fergus Jockel said to bring Kanyika in to production cost would be pushing towards 300 million, with annual operating cost of 140 million for the 20 year mine life.
This is a significant increase on the 220 million and 113 million projected earlier this year, this would be putting a little pressure on the economics of KNP.
Im eagerly awaiting the DFS for a more detailed look at costs, hopefully they show a more favourable outcome.
I read that Paladin are connecting to the Escom power grid within 12 month and that it's going to save them around 20 million a year on power.
Using diesel to power KNP is obviously expensive, Im sure we're in some sought of discussions with Escom to provide a similar deal in the future.

Best of luck to all.

[Reiners]

Malawi Niobium: Mzimba community wants to benefit from Kanyika Mine

By Favour Mazinga, Nyasa Times
November 12, 2012

Communities surrounding Kanyika Niobium mine in Mzimba say they will block full scale mining at the site until- Globe Metals and Mining- the company tasked with the mining project meets their socio and economic demands.

The communities said this on Saturday during an environmental impact assessment meeting held at Kanyika TDC.

The communities said the following demands must first be met before full-scale mining commences.

1. Compensation for those affacted should be paid in full.

2. That Global Metals and Mining company will construct a modern hospital equipped with well trained personnel who will be able to treat diseases associated with mining.

3. That the company shall establish a training school where local communities will be trained on mining issues and then recruited to work at the mining site.

4. That the company shall ensure environmental saftey of the local communities such as provision of clean and potable drinking water.

5. That the company and the Government of Malawi through M’mbelwa district council will not calculate their compansation using the compansation Act of 1960. According to the Act, a fruit tree is valued at K3.

”We want guarantees that we the local communities will directly benefit socio-economically from this mining activity,” said Prince Jere.

Concurring, Citizens for Justice (CFJ) Executive Director Reinford Mwangonde said health concerns connected to mining such as contamination of rivers and other sources of drinking water is addressed before full scale mining is commences.

And responding to the issues raised by the communities, Global Metals and Mining company Country Director Chrispin Ngwena said his company will speed up compansation for the household that have been affacted with the coming of the mine.

Ngwena said the company has taken long in compansating the communities due to delays by M’mbelwa district council in conducting the verification exercise in order to identify real beneficiries.

”The company is committed to fulfill its social responsibilty and ensure that communities sorounding the mining site benefit socio-economically,” he said.

Global Metals and Mining company has been allocated 600 square kilometers of land at Kanyika.

It is estimated that Kanyika Niobium mine, which has also traces of Uranium will have a life span of 20 years during which the company is expected to extract 60 million tonnes of Niobium.

http://www.nyasatimes.com/malawi/2012/11/12/malawi-niobium-m…" target="_blank" rel="nofollow ugc noopener">
http://www.nyasatimes.com/malawi/2012/11/12/malawi-niobium-m…

[Reiners]

ECE weiter auf Einkaufstour.

---------------------------------------------

Galaxy capital raising


Highlights

•Galaxy to raise A$81 million (before costs) via equity placement to M&G Investments and China's ECE
•Placement of 162.4 million fully paid ordinary shares at A$0.50 per share, at a 2% premium to the 5 day VWAP ( $0.49 ) up to and including trading on 31 October 2012
•Proceeds to be used to reduce debt, including maturing Lithium One convertible notes, provide additional working capital and drive Sal de Vida development
•Sal de Vida equity component can be funded from these proceeds - assuming a positive DFS and investment decision
•Galaxy welcomes continued support from an existing shareholder and a new cornerstone investor
•Tranche 1 (A$15m) to M&G, unconditional and effective 9 November 2012
•Tranche 2 (A$66.2m) to ECE, subject to due diligence, PRC , FIRB and Galaxy shareholder approvals


PERTH , Australia , Nov. 5, 2012 /CNW Telbec/ - Galaxy Resources Ltd (GXY.AX) ("Galaxy" or"the Company") is pleased to announce that it is to raise A$81 million (before costs) via a Placement ("Placement") to cornerstone investors M&G Investments ("M&G") and the East China Mineral Exploration & Development Bureau ("ECE").

Under a two-tranche raising, Galaxy will issue 162.4 million fully paid ordinary shares at a price of A$0.50 per share, at a 2% premium to the 5 day VWAP ( $0.49 ) up to and including trading on 31 October 2012 , the day prior to the Company requesting a trading halt of its shares.

For the Tranche 1, M&G will subscribe for 30 million Galaxy shares, for gross proceeds of A$15 million, increasing its interest in the Company to 19.3%. Tranche 1 will be completed under the Company's 15% capital issuance facility; will not require shareholder approval or be conditional on due diligence or upon the completion of the ECE placement. The settlement and issue of Tranche 1 shares is expected to be completed by 9 November 2012 .

Pursuant to an executed Non Binding Indicative Offer ("NBIO"), Tranche 2 comprises the subscription for 132.4 million Galaxy shares by ECE, for gross proceeds of A$66.2 million. Completion of Tranche 2 will give ECE an initial 19.8% interest and reduce M&G's interest to 16.4%. The success of the Tranche 2 placement is subject to due diligence by ECE, approval from the Jiangsu Provincial Development and Reform Commission and Jiangsu Provincial Department of Commerce, registration with China National Development and Reform Commission and PRC Ministry of Commerce, approval from the China State Administration of Foreign Exchange Jiangsu Branch, Australia's Foreign Investment Review Board (FIRB) and Galaxy ordinary shareholders. Once the condition precedents have been satisfied the settlement and issue of Tranche 2 shares is expected to be completed during first quarter 2013. ECE will be offered one non-executive Board position following completion of Tranche 2.

The proceeds from the Placement will be used to reduce debt, including the maturing Lithium One convertible notes, complete the Definitive Feasibility Study ("DFS") and forthcoming pilot plant work at the Company's Sal de Vida Lithium Brine and Potash Project ("Sal de Vida") in Argentina ; and to provide additional working capital.

Based on a positive DFS, the Company is targeting to fund the Sal de Vida project through a project debt finance facility of around 70% of the project capital cost. On completion of the Placement the Company's cash flow management strategy will be to limit the need for any further unnecessary dilution for ordinary shareholders. Accordingly, until the expected Sal de Vida development decision is made in Q1, 2013, the Company will limit the amount of funds from the Placement applied towards permanent debt reduction in order to have available proceeds from the Placement for its equity share ( Galaxy 70%, Korean Consortium 30% ) of the development cost of Sal de Vida, if necessary.

M&G is an existing substantial shareholder in Galaxy and this further investment reflects its support for Galaxy's long term strategy and outlook, including the development of Sal de Vida.

ECE, which will become a new cornerstone investor in Galaxy, is a long standing state-owned mining exploration and development group, which seeks strategic resource investments in China and globally. ECE already has investments in a number of ASX-listed companies and is subordinate to the Jiangsu provincial government where Galaxy's lithium carbonate plant is located. ECE does not require any off take arrangements as condition of its investment as its focus is as a financial investor supporting Galaxy as it develops into a fully integrated global lithium company.

The Galaxy Board has taken this investment opportunity to ensure that the Company is well funded amid global credit tightening and an uncertain economic environment.

Galaxy Managing Director Iggy Tan said: "We have an opportunity not only to raise a substantial amount of money and strengthen our balance sheet considerably, but to bring in a new strategic, long term cornerstone investor. The fact that two strategic investors were prepared to invest at a slight premium to market is a solid indication of the future of our business, and validates our forecasts of a significant increase in demand for lithium products in the near term."

"In light of the current market outlook, we've taken the opportunity to raise money now to give us sufficient and certain funding to carry out our development plans. This financing will underpin the DFS and the accelerated development of Sal de Vida and give us the opportunity to significantly reduce our debt levels," Mr Tan said.

Galaxy expects that the Tranche 1 and 2 Placements will be the last major capital raising by the Company because, as mentioned above, the Company has an option to direct these placement funds towards Galaxy's equity component required for the development of Sal de Vida after a development decision is made. The balance of the development funds will likely come from Galaxy's joint venture partner and debt funding.


Use of Funds:


Use of Funds Amount
Sal de Vida DFS & land purchase payments A$15m
Re-pay expiring L1 convertible notes A$5m
Debt Reduction A$31m
Corporate Working Capital A$15m
Jiangsu Working Capital Buffer A$15m
Total A$81m


Expected Timetable

The expected timetable for the Placement is as follows:

Item Expected Timing
Issue of Tranche 1 shares 9 November 2012
Notice of Meeting for EGM dispatched 13 November 2012
Shareholder approval at EGM of Tranche 2 12 December 2012
Issue of Tranche 2 shares Early January 2013


About M&G Investments

M&G Investment Management Ltd. is a wholly owned subsidary of Prudential PLC. M&G Investment Management Ltd. is one of the largest fund managers in the United Kingdom . M&G is an existing substantial shareholder in Galaxy Resources Ltd.

About ECE

ECE, which was established in 1955, is a major Chinese mineral exploration, development and mining group, based in Nanjing. It has over 5,000 employees and is one of the few organisations authorised by the Chinese Government to carry out geological exploration and scientific research in major State classified projects. ECE has discovered more than 160 ore deposits in China with a potential value in excess of $10 billion . ECE also holds a significant interest in Australian rare earths company, Arafura Resources (ARU.AX), Australian Niobium company, Globe Metals (GBE.AX), Australian Vanadium company, TNG Limited (TNG.AX) and AIM listed China Africa Resources.

[Joschko567]

Hoffen wir das es klappt

[Reiners]

Antwort auf Beitrag Nr.: 43.775.873 von Joschko567 am 01.11.12 17:26:03

Na ganz einfach:

Entscheind wird die Zeit bis Februar 2013


Endweder nix gewesen außer Spesen, dann muss man sich die anderen 5 Projekte noch mal genauer anschauen. Was bleibt, ist der Cash von dann ca. 20 Mio. was dem aktuellen Sharepreis von 9 cent entsprechen würde


Oder aber die Mine wird ausgebaut, mit Off-take agreements, Finanzierung der chinesichen Bank, der Genehmigung der malawischen Regierung, der finalen Entscheidung durch ECE zum Minenaufbau, usw.

Auf Szenario 2 warte ich seit 4,5 Jahren. Sollte es soweit kommen, dann "rockt das Haus" und wir sehen einen ganz anderen Sharepreis.

Also Gefahr nach unten begrenzt (7-8 cent), Chance nach oben (40-50 cent) möglich.

[Joschko567]

Kannst Du bitte Deine Meinung dazu sagen. Danke