Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I do wonder what's taking so long with the Fwiji drills. Last year after confirming minerilisation, they announced grades within a week. It's odd that they confirmed that on the conference call but haven't announced grades yet. I can only assume they want to finish all the drills before sending to the lab? NvS did mention 7-10days for news but maybe that was in relation to Hole 5? Regardless, I think they should be less specific with their timelines as it does no good for investor sentiment when they miss them. Not a deramp as I expect good grades, just an observation as an investor.
I wonder what lies deeper at CE though?
AA may know a lot about what's there from their previous work at the license which these deeper drills will hopefully reveal.
Maybe AA are ready to buy now but the ARCM BoD aren't. Each decent drill result is another notch up on the sale price.
Someone did ask last year about cobalt at CE and NvS said they didn't find much. I hope there are better quantities elsewhere.
Then again if we get real high cobalt results .I might just retire sooner than planned
In the recent c/c Nick or Rémy confirmed they won’t be producing JORCs but confidence is based off drills and sampling to date.
I think there's been more than a couple of drills to date Jeremiah. The ARC licence holds 9 of Anglo's top 30 copper targets in Zambia, they have years and years of previous results in their possession so they have a very good idea what is there.
According to the latest corporate presentation there have been 54,000 soil samples and 17,000m of drilling completed to date on their licence...then of course there is the current 8,000m drilling campaign.
So I think you're a bit off the mark with a couple of drills!
Confirmed multiple tier 1 deposits, or possible multiple tier 1 deposits? I don't see how anything can be confirmed without going through the cumbersome and time consuming step of actually drilling and scoping out each target. Still, if AA want to slap a juicy offer on the table on the strength of a couple of drills, then bring it on.
The May 2020 Corp Presentation indicated that Arc has multiple Tier 1 assets. During the recent call, both NvS and Remy confirmed that Arc has multiple Tier 1 deposits. I don't recall seeing actual data from Arc which quantify the BODs view of what size of a deposit they regard as Tier 1. With deposits harder to find, that definition might change over time. However, Google indicated that 200kt pa is regarded as a Tier 1 copper deposit, and has a value in the range of $2B. Even without published size data, Arc would not use the term Tier 1 without justification. Plus, they had Consultants in who no doubt provided their opinion, and even pointed Arc to West Lunga.
AA is in the driving seat now, carrying out their Technical DD. They might decide not to OK Arc releasing new drill data to the market in the same way we haven't seen the actual data confirming Tier 1 actual size(correct me if I am wrong please).
Finally, Remy mentioned the next few months during the call which is regarded as 3 months. AA should be in a position to show their hand by October, and also the rainy season is due in November, which would limit how much field work can be carried out after the rain starts. Not long to wait IMO given that the BOD already know that the Co has multiple Tier 1s.
$260 equates to about 15p,but I am in agreement that that is a low and possibly very,very low estimate for the eventual outcome .
He bought on the day the AA tie up was announced. It was another huge confidence boost that this is going to multiply from where we are now.
The weakness in sp currently showing is warrant holders selling and private investors selling thinking they have 5 months or so make money elsewhere and get back in before AA mske an offer.
That strategy is perfectly fine but does run the risk of being locked out if an early offer comes in.
When did Remy buy his,1.5 mill shares.
Not saying he knew but it bodes well discussions must have been taking place around then and suddenly Kaboosh a large buy from one of the directors is made.
Bodes,well I would have thought. Ned
Kiwara sold for $260 million a few years back which is the equivalent of 20p for us. I'm pretty sure that our deposit(s) will be bigger than there's so that should be the starting point really.
However this being AIM anything can happen. I do though trust Nick and Remy when they say they are trying to make ARC shareholders wealthy and not the majors.
I actually bought this as I thought it looked undervalued and latest warrant sales made it take a wee bit of a dip .now the more i learn .the more I realise the massive potential and a bid for zambia of 20 p or more does not seem unreasonable at all
I don't think we need stonking drilling results to get the sp moving again. If we get comparable grades to previous results, and especially at depth then I think we will be flavour of the month again.
Once results start coming in then like you say an offer could come at any time and investors won't want to miss out.
I agree with you Nedk, If AA are really wanting this and if they know what is there then why wouldn't they get it bought and save any bidding wars.
I think the drilling results would need to be poor for them not to buy it, I also think if it drags on the MMs will mess about with the SP so they can make more money.
Anyway with a bit of luck we will get the drilling results "Shortly"