The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Here’s the drill in action…
https://twitter.com/Tertiaryplc/status/1783438324608139621/mediaViewer?currentTweet=1783438324608139621¤tTweetUser=Tertiaryplc
Tertiary are part of a technical cooperation agreement with First Quantum for the Mukai and Mushima North licenses:
https://www.tertiaryminerals.com/downloads/20220915-tym-rns-collaborative-agreement-zambia-copper-projects.pdf
So any potential JV on those licenses might be more likely to involve FQM, but there are no guarantees of that. Mukai in particular might be ripe for a JV because the anomaly already identified crosses the boundary between Mukai and FQM's Trident licenses and FQM are actively exploring those licenses.
Offer is .10 ?
Or are you after volume?
What r u being quoted? If u don’t mind me askin
We know another JV is in the offing.
Do we think it’s kobold again?
The BHP take-over bid for Anglo American this morning is hugely significant to the sector, it's future prospects and can only be good news for TYM and it's various projects.
Well whatever they tweet … the market makers aren’t letting me top up at 0.10 (or under) 0.95 to ten would be great … I’d love a few more at these prices, but not playing ball.
I know they are also planning to drill on Midnight Sun's licenses over the Solwezi Dome so probably needed to bring in more equipment. I guess money is no object when you have those kind of backers!
Nice looking bit of kit. Let’s hope it due to them thinking there is gold (copper) in them there hills!
Kobold bought a brand new rig for the Konkola west drill
https://twitter.com/Tertiaryplc/status/1783104147438379266
Nice to see a decent trade going through.
Good to see they are increasing comms too
Https://x.com/Tertiaryplc/status/1783060020969525716
150m drillied in just over a week. Pretty good going.
The FT article posted on here today about KoBold's Mingomba Project certainly makes for interesting reading. "Transformational" is probably an under-statement if this pans out.
* The FT reports that KoBold now believe that the Mingomba Project will become one of the world's top three highgrade copper mines.
* This is very pertinent for TYM as the Mingomba Project is located approximately 2km northeast of its Konkola West Project. This is the KoBold / TYM JV project, where KoBold has is to drill at least two deep holes (for a total of at least 2,000m of drilling). That commenced this month. Not long to wait....
Good luck, Brighty
What do you think of those core samples? They're very blue
Https://twitter.com/Tertiaryplc/status/1783037674644705722
Tym tweet this morning. Site visit. First core samples...
*Site. More pictures on twitter.
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?