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£6m market cap is just too low here with Copper at all time high and we have a nice licence here with First Quantum Minerals a major.
Some assay results pending and due any day from the 9 RC holes totalling 780m which were completed at Chipopa testing.
In 2023, African Pioneer PLC increased its cash reserves by 419.27%, or 300.49k. Cash Flow from Financing totalled 785.10k or 2,256.03% of revenues. In addition the company used 616.37k for operations while cash from investing totalled 252.27k. African Pioneer PLC uses little or no debt in its capital structure. Colin Bird (EXECUTIVE DIRECTOR,CHAIRMAN) bought 6k of shares in 29 DEC 2023 and 15k of shares in 29 AUG 2023. 3pm incoming!!!!
Just a baker who fancies some copper buying top price
Almost full ask paid there.
Copper is really hitting its stride now. There can be no excuses here, we are perfectly placed to take advantage
When a single £22k buy generates a move of 20 odd per cent, you know what will happen if/when we get some positive news that really captures the market’s imagination. Will be 7-10p in the blink of an eye. Think EST’s 2024 move but more so
Explains the sudden rise. Hopefully a driller seeing a lovely dose of copper in the core !!!
A £22k late posted buy from yesterday at 2.6p.
A pretty emphatic looking trade compared to the usual itsy bitsy dribbles that usually comprise the day's trading here.
Hmm?
Within the small cap world African Pioneer are in a fortunate position not to be swimming alone, but rather as they are being with a major quality partner such as First Quantum Mineral who have exercised their option over the 4 licences African Pioneer have in Zambia.
This is a very exciting asset with near surface copper. The outlook for copper is much publicised and looking very good.
Colin Bird has previously hit big with selling a copper property in Northern Zambia to First Quantum Minerals for US$260 million back in January 2010 when at Kiwara Resources.
Hopefully he can replicate it again with FQM
There’s a significant deeper element to the Ongombo resource, exploring that further is a separate exercise to getting the open pit element operational
Cashed up and ready to mine. Well not quite Rob as Colin wants to do yet more drilling on the supposed simple open pit 🙄
Also First Quantum starting drilling for us in NW Zambia hopefully for large amounts 4 or 5% copper. That area is getting incredibly hot now.
This should be trading at least 5 x of where this is today.
Cashed up and ready to mine.
To the hidden value here.
I’ll leave that to those who keep claiming to have the inside track , eg yourself
You clearly needed some help. We would not want you to mislead the markets would we ?
If you look up sanderson, it's not the most comforting. A tiny company with a few employees....likely relatives. Easy to fold up if any problems arise. Unless I'm looking at the wrong one.
Https://sandersoncp.com/
Sanderson have a large part of their investments in natural resource companies. I am sure they have done a lot of dd to provide this deal so very encouraging.
Thanks for correcting a missing O there btw Irish ;) great work
Tanvier/sanderson must have a lot of confidence in AFP prospects as as far as I can see all the upside to making this loan is lots of AFP shares
Might get Ongombo into production as well !! I am reliably informed that some progress is imminent.
Hopefully this gets us to production at Ngombo now 👍
Yup. No more dilutive Placings and reasonable conversion terms in difficult markets.
Now to get Ongombo into production. I am hearing progress in that regard.
Well there goes the financing concern. Brilliant news, well done Colin and board. Feeling v positive for the rest of the year