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The Cadastre is at : https://portals.landfolio.com/zambia/
If you type "Mwashia" into the search box, top right corner, it will show the 5 Mwashia Resources licenses.
Yes HG I noticed that too. I'm pretty sure when I last checked the top 3 licenses were "Pending Transfer" (That's Mukai, Mushima North and Jacks Project, the three involved in the transfer to the new company). I think they must all have been changed at the same time. It's exactly 6 months before the licenses need to be renewed so maybe that's the reason. Might need to check with the company on that one.
Hi SeisNav.
have you got a link to the specific page? tia
A few of the licences are pending renewal now
At the risk of stating the obvious it looks like all this means that they are definitely progressing to a JV on the Konkola West license, so it's not just the two drills that are already planned, it looks like they will potentially drill up to a further US$6 million worth of holes, or twice the current market cap!
I noticed the status of the Konkola West license in the Cadastre has changed to pending today, looks like it's been updated as a result of JV being approved.
Maybe next couple of days.
Nice find MSA. That's the JV agreement with KoBold subsidiary Mwinilunga Exploration for the Konkola West license. I guess we should be seeing an RNS for that pretty soon.
CCPC facilitates 6 mergers in mining sector valued at over US$1 billion
https://www.moneyfmzambia.com/ccpc-facilitates-6-mergers-in-mining-sector-valued-at-over-us1-billion/
CCPC facilitates 6 mergers in mining sector valued at over US$1 billion
CCPC has seen a positive and upward trajectory in merger transactions in the mining sector affecting Zambia.
The Board granted unconditional final authorization for acquisition of 70 percent shares by Mwinilunga Exploration Limited.
It determined that the merger would not result in the substantial reduction of competition in the exploration, mining and processing of minerals.
Competition and Consumer Protection Commission (CCPC) has disclosed that it has facilitated six merger transactions in the mining sector since January 2024, translating into an investment value of over US$1 billion.
Commission Executive Director Brian Lingela further revealed that CCPC had approved mergers involving Mwinilunga Exploration Limited and Mwashia Resources Limited.
Mr. Lingela said the Board of Commissioners granted unconditional final authorization for the acquisition of 70 percent shares by Mwinilunga Exploration Limited and 20 percent shares by Tertiary Minerals Zambia Limited in Mwashia Resources Limited.
He stated that the Board determined that the merger would not result in the substantial reduction of competition in the exploration, mining and processing of minerals in Zambia.
Thanks ‘News’ for a well put together post.
As I said last week it will be extremely unlikely that the deposits didn’t continue, and yes they will be less valuable because of the costs involved, mining at such depth but I feel the share price (mainly) languishes based on ‘perennial failures to meet timelines/ continually issuing confetti’ and that this has caused a ridiculous disconnect between where our share price is … and where it should be based on what’s going on and what we hold within the portfolio of assets.
I’m not shouting one of these £1 by Christmas type drivel you read (and Christ for my sanity I hope a few of those idiots don’t turn up to spoil the TYM BB) but we found ourselves in single digits because of that track record. I genuinely think once (as the company stated) the potentially transformative drill and outcomes arrive …. We will be way way higher than now. Nothing that has come out in any way makes me change my view, but equally right now the company can only state facts and try and build the credibility that it to a degree lost over 4/5 years, of inept management.
AIM stocks suffer as there is rarely a conclusion… or rarely a pleasant one. Dilution kills the PI but with the right scenarios/ potential income streams in the future and JV’s some get through the perennial raises to survival and rerate north. I just think this is in the best two or three out there to achieve this.
(And at 12/13 it’s an absolute steal … with wait times potentially only a month or so away). As I said at 0.08 .. and again 2 or 3 times since … average down if you are underwater and if you are not, but coming at it from a recent find … well you are luckier than me as I was here a number of years too early.
I do feel it will be worth the wait.
Well that all sounds fantastic, thanks News! Very positive new from the team in the RNS.
Sharedealer 22may 2024 DYOR
Contd:
when Mr Cheetham, Executive Chairman went out to Konkola West, Zambia hosted by Kobold. The picture of Mr Cheetham kneeling in front of a tray of 3 drill cores [part cores] together with TYM's partners against the backdrop of the rig was an industry style pic. But again, it was rubbished and now I wonder what will the 1 person say when SP Angel now states: "VISUAL ANALYSIS of the drill core" and note that today's TYM RNS had only hit 1,024m and not yet REACHED TARGET ore shale yet akin to Kobold's Mingomba. What is there to analyse if the 1 person on this forum was right there was nothing to see and why did Mr Cheetham go out there kinda of thing. Well, wait till the next RNS re: assays per the TYM RNS today.
If any more issues, ASK TYM or better still ASK SP ANGEL. I have nothing more to say given SP Angel's note is clear. It was evident if one ACCEPTED THE GEOLOGY of the Kinkola Stratigraphy per the TYM RNS of today. DYOR, NIA. News.
I just found it. SP Angel: "TYM. 0.13p. Mkt Cap £3.3m. Drilling Progress at Konkola West. The group is targeting ore shale, which HOSTS neighbouring mineralisation such as the Mingomba deposit. Today, the group reports that several key horizons have been noted from VISUAL ANALYSIS OF THE DRILL CORE, WHICH BEAR SIMILAR SIMILARITIES to those in NEIGHBOURING DEPOSITS. ---ASSAY RESULTS are expected following the completion of the hole in mid-June. Conclusion: This is a promising update from TYM and Kobold as they progress the Konkola West hole at depth. The group have not hit 1024m at depth & SEVERAL KEY MARKERS HORIZONS have now been IDENTIFIED. The Group suggests that these marker horizons bear SIMILARITIES to those IDENTIFIED above ECONOMIC DEPOSITS at NEIGHBOURING copper projects. "
My Comment: Because SP Angel can discuss with TYM before writing the above if they are not clear, I cant ask TYM. Therefore, I rely on RESEARCH of the geology of the neighbouring copper deposits and their results to attempt to form a picture of what TYM & Kobold may find in the two formation ie Lower Roan for example ie BEFORE 1,000M and at what depthS.
***** Kindly NOTE : SP ANGEL STATED: "...ECONOMIC DEPOSITS" &====="VISUAL ANALYSIS OF THE DRILL CORE WHICH BEAR SIMILARITIES TO THOSE IN NEIGHBOURING DEPOSITS." "ASSAY RESULTS ARE EXPECTED following the completion of the hole in mid-June."*****[Verbatim from SP Angel, Tues, 21.5.24].
VISUAL ANALYSIS OF THE DRILL CORE ...was something that many on this forum ie the "experts" as they rate themselves did not see inc "economic deposits". Why do I say "the forum experts"? It is because they swore there is NOTHING at all before 1,000m hence why the debate got so heated that the only way to resolve the impasse was to go to TYM on Twitter to ask and TYM kindly replied. It is norm that the RNS GIVES VISUAL ANALYSIS OF THE DRILL CORE UP TO 1,024M before they go for the TARGET DEPTH.
SP Angel note ends with: "This presents the possibility that Tertiary & Kobold are nearing mineralisation but albeit at considerable depth. However, it remains early days in the Konkola West exploration story and Management notes that "it is not yet possible to predict with any certainty the depth at which the ore shale might be encountered."
------MY POSTS BELOW THIS: I have less "authority" to state definitively as opposed to SP Angel who tend to speak to management given John Meyer, partner of SP Angel does say in podcasts they spoke to Kodal 's CEO etc. So, CAVEAT is that SP ANGEL has stated that there is "visual analysis of the drill core" and they bear "similarities to neighbouring deposits" may mean they relate to the mineralisation or the geology is up to the reader and what the "assays" pertain to. All up to the reader. Link: https://www.share-talk.com/sp-angel-morning-view-todays-market-view-tuesday-21st-may-2024/ On this forum, I recall 1 said there is nothing to see when Cheetham went ou
-------------------------From TYM in reply to a question about this forum's debate-----------
I quote: " No problem @LAC : The Konkola West Licence targets the "ore shale" of the LOWER ROAN Subgroup Formation, a rock layer that contains EXTENSIVE COPPER DEPOSITS at the adjacent Mushoni-Lubambe-Konkola mines , which all sit on a 15km long trend. In the South & East of the licence we are targeting the deep, DOWN dip EXTENSIONS of the KNOWN DEPOSITS of the Konkola mine, wherelse in the North of the licence, we believe the ORE BEDS may be of a SHALLOWER DEPTH based on the ==interpretations of the GEOPHYSICAL DATA provided by Kobold Metals." Etc.
Link: https://twitter.com/Tertiaryplc/status/1785278672359854241 dated 30 Apr 2024 [A direct reply to a question posed to TYM on Twitter due to 1 person saying there is no geophysical data? Well, there is. You folks recall KITTY of GME on TV. He had to answer as they were going to roast him. In the same way, I am careful to quote verbatim from the RNS or data and this is academic style so as not to be said to be having wild ideas. Yes, 1-2 sentences are wild and not based on a development synopsis style. Some clarity. That is all from me. I would not have replied but Sharedealer 2019 asked in a respectful way and I respond by a reply as a courtesy. Thank you. News, 21.5.24 Tues. With what I have stated, folks can take it to TYM and ask.
TYM RNS, 21.5.24:
"Patrick Cheetham, Executive Chairman of TYM said: ...and we are encouraged to see the known stratigraphy horizonS present in this hole. I was fortunate to be on site in the e a r l y stages of this drill hole."
COMMENT: One will note that it is normal procedure to show cores from the drill and preferably also in trays. One will note that Mr Cheetham said he was hosted by Kobold and the 2 pics or so are not the copyright of TYM but that of Kobold and it is printed on the pics. This is to proof that Mr Cheetham and his partners were present when the early drill took place and they were pictured with the drill cores, hence no need to present core pics in today's RNS. EVIDENCE: I provide the link to the question posed to TYM on Twitter about 1,800-2000m question and the reply from TYM ie Lower Roan is the historical copper mineralisation formation in black and white. Lower Roan is where Anglo hit copper but not deep past 1,000m kinda of thing. LINK: https://twitter.com/LondonAIMCap/status/1785087804487106888 dated 30 Apr 2024 and replied by return by TYM themselves.
Why I post a detailed post? So, that I cannot be taken to task by wild assertions. I quote verbatim from the TYM RNS itself of today and I quote verbatim from TYM on Twitter dated 30 Apr 2024 relating to the FACT that copper mineralisation is at the LOWER ROAN FORMATION historically as well. IN SHORT, TYM'S RNS TODAY STATED THAT THE HORIZONS WERE INTERSECTED and they are "encouraged" as they drill deeper to the target of the ore shale as they discovered at Mingomba by Kobold. Clear.
If anyone sat for any exam and they only put out the answer in 2 sentences, it would be FAIL for sure. Who cannot guess? But guessing is not the answer. Passing with distinction is to obtain all the points. In this case, the exam question is: What in your opinion and view is the probability of TYM-Kobold hitting their target depth of hitting ore shale that is mineralised? Mr Cheetham answered this exam question in detail in the RNS today in saying they are "encouraged" they hit the horizons as they drill deeper. So, are the assays stated in black & white in the RNS today meant for the Lower Roan as TYM replied on Twitter or are they so sure they aree going to hit and therefore, they can send the cores to the lab and get assays? Ah, that is a question folks can ask TYM is it not? I merely ask a question against the science as Sharedealer2019 calls it but it is the stratigraphy stated here in the TYM RNs of today, Tues, 21.5.24 DYOR, NIA.
Sharedealer2019: "Believe what news is saying is the science holds up and the RNS is good. Would that be a good synopsis news." @22:13, Tues, 21 May 2024 [Ref: TYM RNS, Konkola West Drilling Update].
My reply as a courtesy: Yes, the science did hold up. How? Kobold "intersected the horizonS" per the "Stratigraphy as in Konkola Lubambe & Mingomba" , the latter a big discovery by Kobold. Mingomba was called Lubambe Extension which is to the East and TYM's Konkola West is to the West.
However, it is also stated in the RNS today, that they have n o t reached or hit the ore shale yet at 1,023m. Of course not given Mingomba only hit ore shale at 1,200m and 4 step out drill at 1800-2000m. So, they are about to enter the shale ore but from the diagram I saw, it is slightly dipping but they dont know yet until they drilled further. Hence, why they say the drilling will be to mid-June 2024 ie earlier or sooner depending on reaching the ore shale.
1 person in particular on this forum stated there is nothing before 1,000m approx. Hence, it was taken to TYM on Twitter and they replied via a long tweet. TYM confirmed that the Lower Roan formation is where the copper mineralisation is at historically ie before 1,000m. But TYM also said they are targeting the deeper part. When I posted about Anglo's drill north of Konkola West, I was jumped on given Anglo hit copper and did a small initial resource from the 8 holes they drilled with 5 having copper. This is the Lower Roan formation which has slightly lower copper grades than the deeper part.
KOBBOLD ON TWITTER, 8 MAY, 2024: "Mingomba Mining Ltd appoints top Zambian talent to bring Mingomba to production." https://twitter.com/Kobold_Metals/status/1788235785092595715 If one opens the tweet up, Kobold said both these employees returned home to Zambia to join the team having spent more than a decade in South Africa & USA respectively. This is rather fast at this point in time? So, hence, it would be a great asset to Kobold @Mingomba if they find copper also like Kobold's Mingomba starting at 1,200m and later step outs at 1800-2000.
TYM RNS, TUES, 21 MAY 2024: "A S S A Y S" [plural]. I quote: "... it is not yet possible to predict with any certainty the depth at which the ore shale may be encountered , though the Company estimates the drilling of KWDD001 will continue until mid-2024 with ASSAYS TO FOLLOW ATER THAT." My comment: If today's TYM RNS stated they have NOT encountered the target ore shale yet akin to Mingomba , then HOW CAN THERE BE ASSAYS TO FOLLOW AFTER THAT?
LoL. If Kobold do NOT encounter the target ore shale as they did at their own Mingomba discovery, how can there be even assays as there is nothing to assay if the cores have not hit the mineralised ore shale? Logical isnt it? In English, it is being presumtive, is it not? So, what are these assays? And to which formation do they come from ie Lower Roan before 1,000m historically or deeper from 1,200m initially
Believe what News is saying is the science holds up and the RNS is good. Would that be a good synopsis news?
I have been years on this site and on a few forums. No one is paid to post and that is also fact. Ya know , co's use Crux Investors, Proactive , Share Talk etc to communicate to shareholders. So, what posters post is not from the CEO and therefore views. Many people look at posting history to see if they are new handles. When I see others posting, I look at their history count of posts and I recognise many who have the same count as me or even more. And they recognise me.
I cant be a BOT either. Why? From the fierce debate here on the stratigraphy, it was asked of TYM on Twitter. TYM replied specifically so cant be a bot , can it?
In the days to come, lots to discuss and let's see how the share price will move forward after the RNS of today. Good night. Its been fun conversing with you because it is amusing that you want to know so much about the pluses and minuses of the RNS. It is in English by the way and quite simple to understand if one picks up the key words.
Ta Ta. News, 21.5.24.
News a wee coffee break before you hit 22330 posts. Sonebody is paying you. Pathetic.
Lovejoy23
Lekka never asked me how many shares I have in TYM. You want to know. I have spoken to London South East Admin before and they said that one does NOT have to disclose how many shares one has. So, what you want to know is personal. I will quote from my stockbroking account what the share price states: TYM 0.12 & 0.13p +4.17%. You check your stockbroking a/c as I have just opened it to quote to you.
Ah so, I will quote your post to me: "You are not as good as you think you are." @21:23, Tues, 21.5.24 [TYM]
Also, "Tell me and all about the reindeer. The pluses and minuses." @ 21:25pm, Tues, 21.5.24 {TYM].
My comment: I have never thought I was that good. Why? I would be joining the ranks of Eric Sprott if I was that good , isnt it? Eric spends all his days sitting on a rocking chair reading RNS per his podcast. So, you dont want data but you want pluses and minuses [plural]. In short, you want to be spoon fed. I am rolling with laughter as what you said is most amusing. Maybe, that is your view of me LoL ie that good. Suffice to say, better to ask Seis Nav as he is a GeoPhysics grad and he will have done reams of academic reading. Many reports are 600 pages and Competent Persons Report are just as long. Lets the discussion open up to all.
Tell me and all about the reindeer. The pluses and minuses. Oops no capitals.
Youre not as good as you think you are.
Why not answer lekka questions without being smug. He is being honest.
You fail to answer how many shares you hold and you bought in. You hold zero shares here.
News, you're wrong, there are BOTs posting on this site. I've seen examples where they went wrong and posted a string of code which users were not supposed to see. People on every board you post on are telling you the same thing... maybe YOU are the problem not everyone else.
As for the rest I honestly can't be bothered to read it BECAUSE YOU RAMBLE TOO MUCH!
I'm filtering you so I don't have to read your posts anymore.
SeisNav
It would have been EASIER if you took the STRATIGRAPHY DRILL that was actually drilled at Konkola West and it shows it hit 1,300m. Lovejoy, so what does Lekka want to know. Better wait for SeisNav to tell us. The convo on this forum was so...that TYM was asked on Twitter and they answered. Want to know how many shares I have? LoL.
Mags your spot on with your post. Imagin reading a tawt you insists that posts must be in capital letters. OBJECTIONS. STEATIGRAPH HORIZONS DEPOSITS.. Time and time, say in day out I read this shte. Guy or gal is a plonker.
Once rns out then we will see and news will be of the past.
Seis Nav
You once said what I posted was "interesting" but now you say I throw out lots. I did not need to THROW ANYTHING out today. Why? If DRILLING at KONKOLA WEST WAS GOING TO 1,800-2000m that would take much longer. So, knowing how deep is the STRATIGRAPHY is of help, hence why I posted from actual data. You state on your Twitter handle that you are a GeoPhysics graduate. Therefore, if this is correct, then you surely understand REAMS of ACADEMIC DATA. It is called REFERENCING. On Hotcopper, they state , in the posting rules, to show REF so that folks can CHECK what one states. On another forum on this site, I note you also call out folks that post short posts and say they are BOTS. There are NO BOTS. Why? There never has been on this site or REPORTED anywhere in the press nor have the FCA found BOTS. Bots are big operations and they deal in politics, not little AIM co's.
MAGS99 What Mags99 stated is CORRECT. What he wants to know is: "THE ONLY THING THAT HOLDERS WANT TO KNOW IS WHETHER THIS IS A GOOD RNS OR NOT."
So, SeisNav, Lekka, since you both object to verbatim key words from the TYM RNS today, 21.5.24 and you want it clear, then OVER TO YOU BOTH to tell MAGS99 ----------AND ALL THE HOLDERS OF TYM------------WHETHER IT WAS A GOOD RNS OR NOT. But I suspect what Mags99 really means is what is the TYM RNS is saying. I would NOT need to post if the data was UNDERSTOOD that TYM is not necessarily DRILLING TO 1,800-2,000m unless they intend to do STEP-OUT HOLES. Theory 101 is that STEP OUTS are never done on the 1st hole.
SO, WE ALL WANT TO HEAR FROM SEIS NAV AND LEKKA. QUITE A FEW CRITICAL POINTS WAS MISSED out ie not picked up. Seis Nav, it is easy to critique others like you do on ARCM but it is HARDER to produce ACTUAL results interpretation of which YOU ALSO AVOID? Yes, No? That is my observation but if not correct, then we await to hear what is your interpretation of the RNS in detail and some giveaways NOT PICKED up? Thanks.