The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Levis it is all about cash and AFP don't have any unless they sell something or do a placing. Unfortunately, SFR did not want your Botswana licences and so you could sell them. The FQ could be big but you can't sell out even if you wanted and this one needs cash to fund the build of the mine. Mining is tough now and cash is king.
It doesn't show real progress it shows glacial progress.
This was a mine which Bird said at the outset was a simple open pit and would be in production in short order and they even had someone wanting to build plant for us.
Now we are still in advanced talks to fund building of the mine plant and still not completed Esa but more importantly no mention still of production.
Not sure about Ombonga - this RNS was an update on Ongombo in NE Namibia - east of Windhoek. It shows real progress with the permitting and a major update in the resource.
A good update on Ombonga would have helped Uscita but unfortunately it wasn't.
We want an update on the FQ options not this
At last an update but apart from the lisence renewal it's just the same old vague rubbish from Bird.
Still absolutely no vision as to when this project will be near production, never mind in production. Is there any wonder the SP continues to fall :-/
Great. Thanks.
I thought maybe some sort of joint venture was on the cards to which he failed to inform us about. Makes sense now.
It was a typo. Should have been ‘XRT’.
Looks like a typo and they meant XRT (x-ray transmission)
Colin mentions XTR. What does this have to do with AP
Very significant and positive update Take a look at the scale of the resource increase !!
Very nice map that
Nice map. You’d have to say based on that that AFP have the best of the licences. We also have a major exploring for us!
@levi CB says a lot on these interviews without actually saying much. Or at least much of anything new. But I guess exploration is a slow process.
I haven't been that impressed with his negotiation abilities in the past neither.
World needs copper but markets aren't paying up for land packages. CB seems to staking potential success on grabbing land hopefully close to another outfit that does find something.
Not sure passive plays are rewarded in this market. But with FQM perhaps AFP isn't that passive.
Don't think CB is more enthused by Glr or Xtr. Let's face it they are all being taken forward at the pace of a striking snail.
Given the amount of projects Bird oversees across all his stable of companies, the output of related news is glacial and embarrassing.
He talks well to the Roast crew but that's all it is, talk.
When this first listed he said the Namibia license would be producing in short order with a simple open pit and companies falling over themselves to provide plant. We are still waiting after he decided to do some more drilling and all has gone quiet.
Frustrating to say the least but how can you believe a word he says anymore.
Ig is showing 750k shares traded which is quite a lot for afp
Wait until COB and see what trades pop up
How can this fall by almost 10% on so little turnover?
Can’t see that he could be less positive about the AFP licences - those licenses and the early exploration success there are the whole reason why Colin has caused XTR and GLR to tie up land in NW Zambia
I don't think Colin would willingly ignore AFP. The geology there directly affects the potential of the XTR and GLR NW Zambia acreage. And as he pointed out, it is looking good. But we are waiting for the quarterly update from FQ so maybe he felt it best to bypass AFP than risk saying the wrong thing. - he has stated that the FQ and Birdie geologists are in close contact.
Possibly his thoughts are also more focussed on the XTR vote which is the more urgent matter. Just my thoughts and good luck with your decision.
Hi guys,
Been following here a little while but haven't pulled the trigger yet. Was listening to the mid-week SR interview: https://www.youtube.com/watch?v=VvJD9yMjBf8 and honestly came away with the impression (perhaps falsely) that C.Bird et al are more enthused about the prospects for GLR / XTR than AFP.
Q: Is that a false assumption on my part?
Or is it just that with the deal done with First Q, they see the AFP destiny a little removed from their control?
Zzzzzzz, get something done Colin FFS!!
Dumped them already Swanny?
As a general FQ point:
https://www.mining.com/web/first-quantum-annual-copper-production-falls-plans-layoffs-in-panama-mine/
Hi MH25
I think FQ will be so pleased to get away from Panama and all its problems, how fortunate it would be if they move straight into Zambia and relocate a significant portion of their manpower and resources. Yes I am also keen to get an update probably this week
GLuck