Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Our Patrick is on sitr
Https://www.tertiaryminerals.com/downloads/20240206-tym-rns-reach-update-kobold-metals-new-mingomba-copper-discovery.pdf
Less than 2km away from our current drill. Expected to be in the TOP 3 HIGH GRADE copper mines.
The risk reward on this £2.5M MC is startling
If it wasn’t for a stinky market the SP would likely already be bags higher.
He was out there last July, talking to FQM and meeting the Minister of Mines.
Has he been out to Zambia before? Is this a normal trip i.e. did he go to Nevada, Sweden etc?
The MM's will fiddle this share as much as they can, don't be fooled by them.
You pose an interesting question SeisNav.
There is no automatic right conferred in favour of Kobold to buy TMZ’s interest, as there is with Mwashia’s, so a negotiation would have to take this into account. It’s TMZ’s choice, adding leverage. Also, the Mwashia buy out number has been agreed prior to proving the resource and so, assuming good drill results, the figure would in all likelihood have to be higher (pro rata).
Https://x.com/Tertiaryplc/status/1782684693051109456
So it looks like he had a day in Lusaka. Hopefully some productive meetings!
The SP fall is due to the placing shares being sold off. Nothing more. As I said, we need another positive update to flush them through the system before we see a rise.
Remember this drilling is just the first stage before they form the JV company:
Subject to regulatory approval of the EIA, in Stage 1 of the EIA, KoBold is committed to complete at least two drill holes (for a total of at least 2,000m of drilling) within 14 months, with drilling to start no later than May 2024 KoBold's planning of the Stage 1 drill programme is well advanced with the first drill site selected.
On completion of Stage 1, the parties will form a joint venture company ("JVC") to hold the Licence and enter into a shareholder agreement, the form of which is set out in the EIA. The initial JVC ownership will be KoBold 51%, TMZ 39% and Mwashia 10%. Mwashia's equity interest will be free carried by KoBold and can be purchased by KoBold at any time for US$3.5 million.
KoBold may elect to increase its ownership in the JVC to 70% in Stage 2 of the EIA through sole funding a cumulative expenditure of US$6 million on exploration within 4 years of signing after which TMZ will hold a 20% interest, and Mwashia will continue to hold a 10% carried interest in the JVC.
After Stage 1 (or Stage 2 depending on KoBold's election at the end of Stage 1) TMZ may elect to contribute to the further costs of the JVC pro-rata with its shareholding or dilute its interest in line with the customary joint venture dilution formula. Should TMZ dilute down to 10% shareholding in the JVC then TMZ's 10% interest will convert to a 1% net smelter return royalty payable for a 13-year period following the start of commercial production.
If KoBold can elect to buy Mwashia's 10% interest for $US3.5 million what is TYM's 39% interest worth, should they decide to buy the company out?
Zendog do you really think they e drilled 2,000 metres in a week?
Some people really are trying their hardest to get in cheaper!
SP has been flat since they announced drilling. CEO went out there yesterday to celebrate the amazing work going on.
Re the SP fall - has the drill failed to find?
CEO gone to see biggest copper discovery for himself, very exciting times with copper at high....this discovery could be mega
Who knows he may be staying there for a few weeks?
Https://x.com/Tertiaryplc/status/1782322705741574515
A site visit to Konkola West.It seems a long way to go to see a drilling rig which has only recently started operations.... is something else on the cards?
Https://www.bnnbloomberg.ca/copper-price-surges-as-investors-pile-in-to-looming-supply-gap-1.2061455
We could do with another positive RNS to clear out the rest of the placing shares and then we might see a sustained rise. A good proportion of them must have gone already, over 300 million were traded in 2 days and the average over the last week or so has been about 50 million per day. Hopefully news of another JV is just around the corner!
This is potentially massive news for us. If we strike good grades, we’ll be taken out before you know it.
£20 Millon MC with in three months if they find copper.
Fingers crossed for the next few weeks for assay results.
Also now the Saudi & UAE are interested in Zambia and want a piece of the pie.
The question at the back of every mind is - What is tertiary minerals worth if they find copper?
https://ca.finance.yahoo.com/news/exclusive-uae-giant-eyes-majority-050414211.html
Https://ca.finance.yahoo.com/news/exclusive-uae-giant-eyes-majority-050414211.html
JOHANNESBURG (Reuters) - The mining investment arm of Abu Dhabi's most valuable company has offered to buy a majority stake in Vedanta Resources' Zambian copper assets, two sources familiar with the matter told Reuters, in its drive to build an African copper mining empire.
The unit of International Holding Company recently made an offer of more than $1 billion to buy a 51% stake in Konkola Copper Mines (KCM) from Indian billionaire Anil Agarwal-owned Vedanta, the sources said.
Https://www.mining.com/web/rio-tinto-saudi-arabia-said-to-vie-for-stake-in-first-quantum-mines/
First Quantum’s 80%-owned Kansanshi mine in Zambia is Africa’s largest copper operation. (Image courtesy of Liam Richer | YouTube)
Rio Tinto Group and Saudi Arabia’s state-backed Manara Minerals Investment Co. are among suitors considering bids for a stake in First Quantum Minerals Ltd.’s Zambian copper mines, according to people familiar with the matter.
Japanese trading houses Mitsui & Co. and Sumitomo Corp. have also been studying the assets, the people said, asking not to be identified as the talks are private. First Quantum is open to selling as much as 30% in its mines in Zambia, depending on the offers it receives, and is seeking first-round bids in the coming weeks, they said.
When you least expect it.
When do you think there'll be news of success or fail from this type and depth of drill?
All the placing shares and warrants getting churned no doubt before this moves again but how far will it drop before the that happens usual aim crap