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Not sure if l am in the eternally optimistic or the serially disappointed camp. But Sandfire released their third quarter results and presentation today. Clearly they are in the optimistic camp so guess my money is on them.
I have been invested in most of Colins mining ventures and I hope this will do as well as the eternal optimist expects.
Just topped up this morning as it dipped below 3 again.
Wow great thoughts all and yeah I think funds for offtakes is what's going to happen here too. Will be huge from this market cap.
All the not the subtle hints say AFP is serious about producing copper and the project is perfect for it. Shallow resource next to other producing mines.
Completely missed by the market this one.
Yeah, I'm familair with that one. Also moved of a small market cap like this so it multibagged many many times over. Such an announcement here will do the same.
M_Night, yes, I believe something similar happened to Alien metals via AA although they are yet to implement it.
It had a very positive effect on the sp.
This is standard. Would suspect £10-20mil for offtake depending on %.
Colin seems very serious about getting this into production. Most RNSs mention it, in all his interviews he mentions it. This project has a mining licence and has now received one of the final approvals.
Hold on tight as the news will catch the market out. They're asleep to this.
No idea, but I've just released fundss to purchase a cool 500k shares should this dip under 3p.
Why is yesterday's RNS still showing as if it's been released to day?
Was it so good they want to have a double dip?
Or is it just on my screen this is appearing !
Someone accumulating big time. Delayed buys expected.
Another nice rise. Wonder if we will hear from FQ following their quarterly financials last night.
My thoughts are once 3p goes should it will rise to about 4.5-5p and then news of funding announcement, new partners and copper production takes this to over 10p.
"Can't wait to announce who we have got tie ups with to start production, announce final tonnage and output!"
Incredible! Price and market value can't stay down here for long.
https://audioboom.com/posts/8287272-midweek-takeaway-with-colin-bird-executive-chairman-of-african-pioneer-lse-afp-afp
Resource upgrades to come, simple shallow open pit production, near surface material multiple interested parties, Colin very bullish.
£1when FQ hit the motherload
5p end of this week or early next.
10-15p on news of funding.
20p before producing copper.
50p+ once producing copper.
Anyone have any guesses or knowledge? I know the Chinese are very active in Africa.
Don't forget Sandfire is now on a drilling binge with the end of the wet season. News could come at any time over the next few months. Significant news at that.
Previous guidance has been monetisation by the end of 2023. The ESIA was underway in September 22 and the first 2 years is open pit. Plant requirements may be pretty limited if it’s possible to process ore at an existing plant.
So not nonsense but debatable for sure.
Hi, and welcome to the seemingly many newcomers! One point to have in mind, for those who don’t know, is that First Quantum provide quarterly updates to AFP, the timing of which is such that we would normally get an update from AFP approximately in the next 2-3 weeks. There is a possibility that the rainy season in Zambia will mean either that there is no update this quarter or that it is less substantial than it would otherwise be, but we will see. There is certainly a decent chance of some more positive news flow in the near term, quite apart from Namibia financing
I was wrong about 3.7p the actual previous share price high was around 4.5p.
Anyway easy peasy, this will smash 4.5p this week in my opinions. Such massive news and low market value.
This morning's news is great for this tiddler. We should see the SP re-rating to at least 10p on the back of continuous positive newsflow which would still be a market cap under £20m.
DYOR
Pretty incredible RNS here this morning considering the cap at open. Could be a hell of a little story unfolds
Don't look at the share price just look at the market cap of 5mil.
Even a complete dog like CGO that has barely dug up any coal in Africa which is going the way of the dodo as an energy source holds a value of up to 30mil. Copper is a hot space too.
Picked up some, nothing hardly now below 3p currently, about 150k
This is great news and should see copper production in H2 2023 which will generate multiples of the current market cap
But it isn’t even the main story which is in Zambia on the first quantum prospects - that could be a monster and they are currently drilling it with some urgency - that could be worth telephone numbers