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Yes same Marco
with my hearing yesterday I thought he said 2 or 3 pigs :-))
apro.
Might have been 2 to 3 rigs.
apro-I think the disgruntled Ex director has played his cards and produce a "Bum flush"-his selling down and temporary ,amateur political interference's have all been a damp squib (or squid for IT fans)-he may just be waking up to the shocking realization that he was not bright enough to take Zamsort to fruition and now he's not been bright enough to stop it.A real shame because had he just been patient ,less greedy and instead was supportive he stood to make more money than anyone,but like a ****y.impatient trader he got carried away and has blown it ! Yesterday's news is MM.
@Marco I thought I heard 3 rigs, but who cares ... 18x deep holes at pace is all that matters!
ATB APR
@Graham Are you suggesting that one disgruntled ex-director maybe playing all this up just to get a better deal for their minority interests in Zaco/Zamsort knowing that a deal is nearing fruition and its easier on everyone if the are onside albeit at a more advantageous price (for them)?
Only in Africa ...
ATB APR
I too did notes and 2 rigs in 2/3 weeks time for fwiji/cheyeza drilling 8,000m - 18 holes 500m deep .
Fwiji may hold 25m tonnes of copper, according to David Wood? That's $250b of copper sitting there, so production of 250k tonnes per year for 100 years. Maybe AA are only interested in Fwiji, this way they get the CREAM, and we get the money to drill out all remaining deposits? Possible scenario playing out. Certainly we were going to drill deeper at Muswema and Cheyeza in February call? I was even questioned why were not drilling at Fwiji by Longfell…
Hi Ella, the way it looks is that a deal for Muswema/Lumbeta is pretty much agreed.. that will 99% sure be a Tier one deposit....
Hence the Fwiji/Cheyeza drilling.
NVS is pulling off a masterclass here.
We have added again
Cheers SH-I'll listen again just to confirm I have Fwijiitis-it's a well known complaint :-))
Kully, I agree that the change of target is odd. There have been no licence changes with Zaco which holds Fwiji. If AA were only interested in Fwiji why the licence changes for Zamsort? I don't have an answer. Perhaps they need more work to identify drilm targets on Muswema. I didn't kusten to the call but from what folk have said about xost efficient drillers I wonder if it is Anglo.
I took some very brief notes and may have missed it,but I didn't even hear Fwiji mentioned-spooky that we are all involved and hear different bits-I thought the 500m depths were Ch E-but look forward to listening again later. IIs will not have missed the NWNFee Roth.reference and it's importance and implications,that together with license re-jigging is pretty obvious-so IMO we will see a gradual increase in sp as they get their finger out.
It is drilling at Fwiji/Cheyeza East I made notes at the time
Morning Fulmar, haven't listened to the investors call. Will wait for it to be available via Arcm twitter account. Heard was well received by shareholders.
Have to wait and the listen then but I'm sure they said Fwiji and CE.
(Visualise Insert of shrug emoji here)
Morning Kully,nice weather :-))-yesterday's drilling intentions were aimed at CH E-unless I misheard-it's a good IC-especially the Rothschilds info.
Going back to the previous investors call, I'm sure Nick said we would be drilling deeper at Muswema and Cheyeza? Haven't listened to the current investor call yet, but Fwiji is being targeted for drilling by those who listened in? 500m depths, strange that were now changing drill targets? Could AA be wanting confirmation of Fwiji, before a commercial transaction? And is it feasible that AA only want to cherry pick this target? If so, we would have money to prove up the rest of the licenses, and production to come.