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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
The CEO bought £20k in the February placing.
Mr Patrick Cheetham, Executive Chairman of the Company, has subscribed £20,000 for 25,000,000 Placing Shares as part of the Placing. Mr Cheetham's subscription constitutes a related party transaction in accordance with AIM Rule 13.
https://www.londonstockexchange.com/news-article/TYM/placing-to-raise-ps375-000/16327305
Why do people think there has been no director but for a long while?
Still surprised at the illiquidity here. When will folk wake up
Thought I'll let you know on my Investment
bought 0.95
Sp hit 1.5p
mikeP
company is B**e
can't mention it here nor allow to post on Block Energy bb
I was having a read of this geological report on the Konkla area:
https://portergeo.com.au/database/mineinfo.asp?mineid=mn012
and thought it was worth putting the geological map together with the Konkola West license and the location of the Mingomba deposit (in green).
https://tinyurl.com/9yn4dsmt
You can see that Mingomba sits in a syncline (ie, the dip of a structural fold) and that syncline runs into the NE corner of the Konkola West license. There is also a major fault line, the Fitwaola Fault, which runs very close to that NE corner. My guess would be that they would be initially looking at that area for drilling.
I note the recent award of a small number of warrants to unnamed staff, presumably support staff. You just wonder why now? Is there a pattern of awarding to support staff? Perhaps this is a cheap and potentially life changing thank you from the board to the support people keeping things running on a day to day basis? The people that fix the coffee in the morning and deal with crappy emails from us lot? I'm in. This is primed. I'm expecting positive copper results in Zambia and then positive Storuman decision. Factor those outcomes into the sp? Maybe those rampers are not as high as they sound.... For once
Chartist with 31,000 subscribers needs to put down the crack pipe.
Https://investingstrategy.co.uk/mining/investing-strategy-the-galileo-resources-edit/
The 1,800 - 2,000m is the depth KoBold drilled to find Konkola deep from memory.
That 2,000m is also the minimum. If they are going through the geology the expect then they'll drill as deep as they need to (to hit ore shale beds).
Thanks Torino, I’m not sure where I got the 1800-2000m depth from, it does say a 2 holes for a total depth of at least 2000m in the original RNS! After those 2 holes are completed the parties will then form a JV company to hold the license prior to further exploration.
This from KoBold:
“KoBold looks forward to working with Tertiary and Mwashia on the Konkola West project. The Zambian Copperbelt has historically seen little exploration at depth, and the Konkola West licence is a great prospect to see if ore systems like those at Konkola or Mingomba also occur at depth within this licence. We will be able to use the equipment, experienced team, and data-science tools that we’ve assembled while drilling the nearby Mingomba deposit to improve our chance of success at Konkola West. We look forward to starting drilling as soon as practical.”
Mfikeyi Makayi, Chief Executive Officer, KoBold Metals Zambia
Had it from the company they are doing holes (for a total of at least 2,000m of drilling)
I got in a little early as well. 10 years ago at 10p + so I'm sceptical of any success here. And the blatant ramping doesn't fill me full of confidence. It actually makes me less likely to invest more.
Https://twitter.com/Tertiaryplc/status/1780234628202213434/photo/1
undervalued and Copper very close to MIngomba. Drill bit chewing and could be a real game changer for TYM
Kobold are planning to drill to 1800-2000m so presumably thats the kind of depth they are expecting to see any mineralisation. I wouldn’t be too concerned about the depth, if it’s contiguous with the Mingomba deposit (which is also deep) then it could be developed as part of that mine.
I'm in and I got in too early and paid more than the current price, although I have reservations, especially about the word 'down dip', however the website states that gravity and airborne data suggests the formation is shallower in the north/northwest of the licence area, and so it would be good to know exactly where they're drilling.
But at this point the potential isn't covered by the share price, as if Storuman comes in then the shares will rerate. Incidentally I asked PC if tym could take action in the courts should the licence be rejected but he said no (although I don't think that it will be, and I think that he's wrong about not being able to take the matter to a bit court).
Tradercafe sets 0.17 target nice to see this today
With the drilling started this can really fly and hit mid 0.20's in a very short period.....exciting time to be in
Jeepers! We are on site and in the ground with r anticipation of results to come. Kobolt are no Mickey Mouse operation having them on board is huge and don’t forget we are next door to one of the worlds best sites in terms of grades. Please tell me why you feel a 2m mcap is fitting? Look at peers 10x and 20x value who haven’t even scraped the surface let alone drill.
I'm sorry Brighty1, this nonchalant "don't shoot the messenger" is complete garbage. This is why these boards become useless as you get ridiculous price ramping through the most braindead "technical analysis". And now you have Gordon aka Earl aka BenNaucer trying to get the link to use it to ramp. If you post a link, vet it beforehand and own it.