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I know you read this - Copper up through $10k now. No excuses, lets see some results and shareholder value.
Colin Bird, Chairman of African |Pioneer on Sunday Roast Mid-Week. https://twitter.com/RoastPR/status/1782731974949437814 22 hrs ago, Wed 24.4.24.
Sunday Roast entitled it" #AFP, Colin Bird..
On Galileo Resources, another of Mr Bird's co who also has a licence near African Pioneer is currently today discussing Mr Bird's interview as above. They said they heard Mr Bird talk about poster on the stock forum [presumably on his stocks] that they are "MORE EDUCATED AND ANALYTICAL."
Thanks to Mr Bird who supports analysis given even XTR, another of Mr Bird's co , also in Zambia has analysis.
So, Mr Bird is the school master who is marking papers on analysis. LoL. Wed, 24 Apr 2024.
AFP Roast podcast with Colin and Martyn just out
Yes it's about time Bird concentrated on getting Ombongo up and running as the FQ asset is obviously a very slow burner.
Far too little news on our Namibian asset but nothing new across all of Bird's companies.
Either he should retire or get a move on.
Bit meh really.
Charles has mixed up XRT and XTR just like they did in the RNS - brilliant eye for detail
Https://investingstrategy.co.uk/mining/investing-strategy-the-african-pioneer-edit/
Off the back of the news release 7feb re Ongombo it could well see the final nudge to development stage with a potential new partner and cash injection from XTR.
Ongombo (by name only) was mentioned by Colin as a further project that XTR was looking to JV at a recent GM to vote on the disposal and sale of their Manica mine.
Ongombo certainly fits the criteria at this point in time in its evolution for XTR’s acquisition strategy. Would benefit both AFP and XTR if this is not one of Colin’s name muddle ups as the project described at XTR’s GM was just west of FQM Sentinel mine.
Could be interesting.
As we know, the FQ updates will come when they come.
The disappointing thing is glacially slow progress on our own project in Namibia but that is the way Bird is operating all of his companies it seems.
No sign of a proper FQ update for our licenses - apart from the fact obviously that they exercised their JV option of 2 of them for a total of 4. I suppose it has been the rainy season but there was plenty of talk about ongoing drilling activity so shouldn't we expect a proper update at any point now? I believe the last one was October 23 some 5 or so months ago.
FQM were very quick to progress Sentinel into production after they acquired it. Would be great for them if they could confirm a significant deposit on African Pioneer's licences.
Nothing wrong with your analysis and unusual style but for some reason I cannot figure, I cannot open even one of the multiple links you have posted !!
With that, I can now take my leave with a more expert link copier than me.
Thank you and God Bless - typed out all the layer by layer peeling of this co's NW Zambia, which was very hard to decipher. Why? The geology - one has to go thru so many co's that are now at NW Zambia to peer review.
News, Thur, 22 Feb 2024.
A few days old but worth the read nonetheless. At least the link works :
https://www.mining.com/first-quantum-exercises-option-over-two-licences-as-it-looks-to-expand-in-zambia
I quote from the article dated today, 21 Feb 2024 relating to First Quantum results via Mining.com
"The co is the sole owner of Sentinel mine & has an 80% stake in Kansanshi mine. Its presence in ZAMBIA, the 2nd LARGEST PRODUCER includes Fishtie copper project near the border with DRC. ===IT ALSO INCLUDES 2 LICENCE OPTIONS THROUGH A DEAL WITH A F R I C A N P I O N E E R [LON:AFP]."
METALHEAD 25: AFP-FQ JV.
!1 July 2023 : Screenshot of FQ AIR CORE drilling ---------6 6 HOLES ---totalling 4,028m --at TURACO, EAGLE & KANYIKA. Soil sampling at CHIPOPA. [2] Drilling at ITAKU, RNS dated 6 Feb & 6 June 2023 --------In short, it seems FIRST QUANTUM HAS D I S C O V E R E D that the GEOLOGY that HOSTS THE MASSIVE KAMOA-KAKULA DEPOSIT IN DRC --EXTENDS INTO ITAKU. Copper has been identified by drilling. Here comes the exciting part. SO FAR, FQ HAVE PUT 2 HOLES into Itaku , 5 KM A P A R T. Looking for area ..accumulation..this means more AMT & then more drilling. If successful it could be HUGE. COLIN BIRD APPEARANCES ON SUNDAY ROAST , HOW HE SPOKE OF ITAKU on 17 May & 7 June [1] "ITS TRANSFORMATIONAL FOR THEM [FQ], let alone US, & they are a $23bn co.========THIS IS THE BEST DISCOVERY, THE BEST RESULT , THAT I HAVE HAD THE PLEASURE OF PUTTING OUT & that INCLUDES KALUMBILA WHICH I SOLD FOR $260M. " [Colin Bird, Chairman of AFP].
" If anyone knows of another explorer with anything like this much going for it, for sub £5m, let me know."-Metalhead25 @1 July 2023.
"ONGOMBO: NAMIBIA [AFP]"-Metalhead25 posted on X, same thread as above on FQ/AFP, NW Zambia:
"AFP owns 85%. Sunday Roast podcast on 17 May , Colin Bird envisaged at least 10k copper p.a. at current prices would be $83m a year, 40% MARGINS." -1 July 2023 by Metalhead25 with thanks on Twitter.
Link: https://twitter.com/Metalhead2525/status/1675019415761432576 [1 July 2023 by Metalhead25].
FQ-AFP ORIGINAL AGREEMENT, 22 JAN 2022:
From the table, there is NO impediment for AFP to sell, except it has to be offered to FQ first.
[NOT SURE WHY MY THREAD QUOTING COLIN BIRD, CHAIRMAN OF AFP FROM 1 SUNDAY ROAST INTERVIEW DATED 7 JUNE 2024 [even Metalhead25 heard it and quoted it on X] stated Mr Bird said: "TERRIFIC DISCOVERY -MAJOR DISCOVERY."
As I said today, it is SUPPORTED BY AFP RNS. -------I THINK SOME HAVE NOT TWIGGED THAT FQ HAS DRILLED AIR CORE & DIAMOND DRILLING & LAST REPORTING, FQ SPENT $1.6M but could be more since then as the 16.2.24 AFP RNS stated MORE THAN $500K SPENT ON EACH OF THE 4 LICENCES, NW ZAMBIA JV WITH AFP. SO, HOW CAN FQ SIGN 1ST "EARN IN" AND PRODUCE TECHNICAL REPORT ["INDICATED MINERAL RESOURCE"] @28.2.26 -----------IF THERE HAS BEEN NO DISCOVERY YET?----So, folks MIS-READ RNS OF 16.2.24 AFP and thought JV STARTING FROM SCRATCH but not realising 2 years have passed and FQ COMMITTING TO INDICATED MIN. RESOURCE STATEMENT. CANT SIGN IF NO DISCOVERY, MINING 101? DYOR, NIA. Pls check. 21 Feb 2024 AFP, £4m+ @2.39p [to buy].
Https://www.mining-technology.com/news/first-quantum-to-expand-production-in-the-african-copperbelt 19.2.24
By Mining-Technology.com
The above title is taken verbatim from the article. The other details are about the taking up of the other 2 licences from AFRICAN PIONEER plc and First Earn In period to prepare a Technical Report "BEFORE FEB" to earn 51%.
Comment:
Mining Technology records major mining news and it is interesting that First Quantum signed with AFP on 16.2.24 due to its Panama operations ceasing. Its a no wonder why the Technical Report of Indicated Mineral Resource is to be done 28 Feb 2026 which appears rather FAST? Kobold & Midnight Sun JV announced yesterday, 20.2.24 is for a 4 year period to earn 75% even though there has already been drilling done by Midnight Sun before the JV. Midnight Sun's strike length is 20km and targeting 1bn tonnes. AFP 's strike length is potentially >45km and targeting 1bn tonnes also. [see AFP presentation Mar 2023 in earlier post below.] LOOK FORWARD TO FIRST QUANTUM ISSUING THE MODELLING of the JV project etc.
-------------FIRST QUANTUM SIGNS OPTION, 1ST EARN IN PERIOD AGREEMENT TO EARN 51%.-------
[1] ----AFP RNS [3565D] 16 FEB 2024 @17:00: "CENTRAL AFRICAN COPPERBELT: UPDATE"---Latest Update
AFP-FQ: "FIRST EARN IN PERIOD: 18 Feb 2026 -Technical Report INDICATED Mineral Resources of at least 300,00Mt of contained copper to earn ---51%." FQ has signed the option for the 2 remaining licences, totalling 4, NW, Zambia.
"Extremely successful for both FQ & AFP with the --WESTERN FORELANDS & KAMOA style mineralising environment being ESTABLISHED as well as NEAR SURFACE mineralisation in the fold & thrust domain further to the east of our licences."
[2] ----AFP ANNUAL FINANCIAL REPORT, 28 APR, 2023 RNS 9588X @18:17---
"FQ have reported considerable success with their initial field work & drilling programmes. E..xp including deep holes
Outcome ..EXTREMELY HIGH in potential with FQ stating they believe that the --OREBODY--style RESEMBLES that of ==KAMOA KAKULA == in the nearby Congo & the WESTERN FORELANDS mineralisation associated with Kamoa. This represents a potential SIGNIFICANT ---M A J O R DISCOVERY --for Zambia, First Quantum [FQ] & of course African Pioneer [AFP]."
[1] ----INTERVIEW WITH COLIN BIRD, CHAIRMAN, AFP WITH SUNDAY ROAST, 1 OCT 2023---
Season 6, Episode 6.
Mr Bird: " Massive STRIKE of GROUND, ---------R E P L I C A OF K A M O A ."
https://twitter.com/RoastPR/status/1708434484431892852 1.10.23
"Kamoa 2nd richest mine in the world. "
[Ref: AFP Mar 2023 Presentation, https://africanpioneerplc.com/presentations-reports/ Pg8/22: "Combined STRIKE length > 4 5 KM peak xRF 316-1,046ppm in soil. TARGETING NEAR SURFACE 1 B I L L I O N TONNES@>0.5% CU [+Co]."
[2] Colin Bird, Sunday Roast Interview: "Its transformational for them [FQ], let alone us, and they are a $23bn co. [b] THIS IS THE ---BEST D I S C O V E R Y, BEST RESULT, that I have ever put out , and that includes Kalumbila which I sold for $260m." Link: https://twitter.com/Metalhead2525/status/1675020566678450176 dated 1 July 2023.
Waiting for update from FQ/AFP after the Financial Results & Presentation from FQ, 21 Feb 2024 [released].
DYOR. NIA. The poster Metalhead put the info in a tweet [linked] and said no one talks about it. I
Industry News:
KOBOLD signs JV with Midnight Sun of Canada, Wed, 20 Feb 2024 [NW Zambia]. Midnight Sun is targeting 1 BILLION tonnes [ie rocks] and their licence is near the majors with 1bn tonnes mines - @newton of CEO.CA posted a Youtube on it via https://ceo.ca/MMA [Midnight Sun]. The JV is for 4.5 yrs with Kobold earning 75%. A/c to the presentation on Youtube, it was said that the First Quantum mine Kananshi [to the North of Midnight Sun] is running out of ore, NW. Zambia.
First Quantum has 2 mines ie Sentinel [formerly bought from Colin Bird for US$260m [Kalumbila, Kiwara Plc] & Kananshi.
Comment:
Mr Bird's interviews with Sunday Roast ARE SUPPORTED by the AFP RNS & Annual Report AFP RNS as abov
FQ are doing a investor presentation tomorrow. Hopefully we will also get some news.
LoL
Found the map of where MIDNIGHT SUN'S SOLWEZI , ZAMBIA IS:
It is 2 doors away from FIRST QUANTUM'S SENTINEL MINE [1.03 Billion Tonnes @0.45% cu] to the right of Solwezi.
1 door away is BARRICK MINE [LUMWANA @ 960Mt @0.55% cu.
Midnight Suns'Solwezi is SOUTH OF FIRST QUANTUM'S KANASANSHI [1 Billion Tonnes @0.66% cu copper].
-------ALL IN THE DOMES REGION--nearby.
Colin Bird sold KALAMBILA [Kiwara plc] to FIRST QUANTUM for US$260m and FQ turned it to Sentinel and increase the tonnage further.
Link: https://midnightsun.com/multiple-target-areas/ Zambia Domes Region and nearby showing the above.
---------------ALL CHASING TIER 1 IE 1 BILLION TONNES [at least] and at the grades of 0.5% + as above.-------------
"Midnight Sun Mining and KOBOLD join forces on the DUKWA target in Zambia."- Junior Mining Network, 3 hrs ago, Tues, 20 Feb 2024.
Midnight Sun is a Canadian co. KOBOLD of Bezon & Gates fame is UPPING its presence in ZAMBIA after hitting a big copper discovery in NW Zambia [said to be largest in this Cth?].
Kobold is taking 75% and can spend US$15m in exploration and make cash payment of US$500,000 over ======4.5 YRS.
Dumbwa is Midnight Sun's Solwezi project in Zambia.
Comment:
I dont know yet where the above project is. Above is INDUSTRY NEWS about Zambia given AFP is at NW Zambia -JV with First Quantum. Kobold already has another JV with a UK AIM co besides AFP. HOTTING UP IN ZAMBIA ie exploration.
Anglo about to start drilling near AFP?
Tues, 20 Feb 2024.
SALE OF AFP-FQ JV:
Sunday Roast asked Mr Bird , ----common question asked in all co interviews be it Sunday Roast etc re: Sale of project.
Mr Bird said in the interview [click reply of this post and the original post with link to the interview is given] , 3 mths ago BEFORE the AFP 16 Feb 2024 FQ OPTION PERIOD STARTS to prepare Indicated Resource Statement, he said, "ITS DISRESPECTFUL TO FQ to take about sale [think Mr Bird meant at this time or openly talk about sale ]? Then, Mr Bird went on to a comment that I did not take in. However, Mr Bird NEVER DENIED, a sale is not on his potential agenda as norm.
COLIN BIRD'S STAKE IN AFP
Mr Bird's latest AFP RNS states he has upped his stake to own now 10.87% of AFP [please check]. In many co's where the CEO's & Chairman's are NOT the founders of the co , then stakes are of less importance in my view only. So, how much Mr Bird owns of this co is relevant to me vs other others in the Bird stable. I have checked MARKET SCREENER and 10.87% if the largest stake vs other co's.
OPTIONS
That is also a good insight as norm. YES, TICK, MR BIRD HAS REASONABLE OPTIONS.
SALE
Yes, Mr Bird, from the above, IF you pull a sale, then no doubt you will be able to afford your sea side holiday per another Sunday Roast at Christmas 2023 Sunday Roast podcast with 2 of Lemon Consultancy principals. Yes, they took will want a sale and so do I.
I leave it with Mr Bird as his interest is certainly aligned with such a stake of 10.87%. With thanks. News. 20.2.24
Mkt Cap :£4-5m @2.4p.
Correction: Should read : sold Kalumbila for US$260m. No one is here on this forum and evidenced by no buys except 3 small tiny ones . Mr Bird's buyers are at ANOTHER co [Mr Bird has 3 chasers at NW Zambia]. UNDER THE JV AGREEMENT WITH FIRST QUANTUM, AFP CAN SELL THE PROJECT, but must give FQ, 1st right of refusal. DYOR. NIA.
AFP MKT CAP :£5M @2.4p [or £4m+]. Tues, 20 Feb 2024.
I listened to the audio interview from Mr Bird dated 3 mths ago as I had just rushed thru it given it was late at night.
Why did Mr Bird say that FIRST QUANTUM-AFP JV , NW Zambia [4 licences] is bigger than Kalumbila?
AGREEMENT TO JV SIGNED 22 JAN 2022.
So, by the time of the above interview, Mr Bird was told more by FQ. He said its not a secret society and FQ are telling them the progress [invited to FQ]. So, since this interview with Mr Bird was 3 MONTHS AGO & hard to find, it is at a PIVOTAL time ie 22 Jan 2022 - 3 mths ago.
REASON WHY AFP-FIRST QUANTUM NW ZAMBIA IS "MUCH BIGGER THAN KALUMBILA."?
-A/c to Mr Bird:
[1] Potential STRIKE length. Think I heard Mr Bird say: 30-40KM [pls check]. Per the only Presentation from AFP Mar 2023: it stated: "Combined STRIKE TARGET >4 5 K M with peak xRf 316-1,046ppm in Cu copper in soil."
[2] Mr Bird also said TWO STYLES of potential mineralisation: K A M O A style & KOLEWEZI style [latter more surface].
|Let's check the said presentation : "p8/22: Shallow percussion drilling intersected peak of UP TO 3% CU.
NEAR SURFACE DRILL intercepts of 0. 5 % - 0.75% cu --===OVER 50M--===.
[a] 7 NEAR OR SURFACE cu in soil ---ANOTHER LARGE ANOMALY...
[3] AUDIO MAGNETITE SURVEY: detects conceptual style K A M O A - K A K U L A type mineralisation ===TRIGGERING
s t r a t a g r a p h i c DRILLING > 6 0 0 METRE DEPTH."
[]4{} TARGETING N E A R SURFACE > 1 BN TONNES@ > 0.5% cu copper.
Link: https://africanpioneerplc.com/wp-content/uploads/AFP-Presentation-March2023_v1.pdf
Comment:
Yes, it does appear the data supports what Mr Bird says broadly [given 2 years of drilling etc by FQ] CULMINATING on Fri, 16 Feb 2024 that they will take the other 2 licences to total 4 [2 earlier taken]. It is also important to NOTE WHICH EARLIER 2 LICENCES they took. It is commonly known that a potential target of 1BN tonnes is Tier 1 but grade will also be of interest. []1[] Potential STRIKE length [be it starting from 30km ] also is commonly known as DISTRICT scale. []2[] GRADES : appears that it is realistic set potentially from a lower pt. []3[] So, yes, surface is the CHERRIES per Mr Bird in 1 interview for FQ relating to CAKE. Mr Bird said CREAM is KAMOA style.
So, barring unforeseen circumstances , common to ALL mining projects, Mr Bird's fair comment is upheld by the data thus far. FQ on 16.2.24 has now SIGNED to take on AFP's all 4 licences, NW Zambia and PREPARE AN INDICATED RESOURCE MINERAL STATEMENT ON 28.2.26 --EARNING 51% AT THAT STAGE VS 49% AFP. AFP does not own 100% of the project but only 80% and 20% to Lemon Consultancy. Mr Bird sold Kalumbila [Kiwara plc] to First Quantum many years ago for US4260m ---Kalumbila is 80-100km from the current project. A/c to the said presentation, the near neighbours to AFP/FQ are FQ, Rio & Anglo. Anglo is about to start drilling shortly.
NO ONE HAS BOUGHT INTO AFP - 3 trades today that are so tiny, it doesn
LAST POINT:
I have just had dinner. So, will finish my post. As for Bushrangers , Bird project [Chairman of AFP] for example, he may have said he wants 10p but of what mkt cap? Do not forget he cannot say I will accept x, y, z price as he would lose any bargaining power. Look at Havieron - the shareholders said they want x, y, or z and the major is NOT playing. Of course, shareholders want top dollar and major gives fair value at max. Sol as in Bushrangers, I thought I had better explained so that there is NO MISUNDERSTANDING. As for Mankayan [Lawrence asked Bird to run the co], they REFUSED to sell for an OFFER that only paid out MINING DRILL COST. As for NW ZAMBIA, yes, Cynus7, if Bird hits big, that will set a light on AIM and Bird said that as well but not necessarily relating to his co alone but to AIM in general as a principle. There is LACK OF DRILLING details , even Kobold who hit the biggest copper this Cth, one notices they NEVER released TONNAGE, GRADES etc. Why? Not sure given is it for commercial protection or they dont want rivals to get licences nearby or on the trend etc? IT IS MY BELIEF from looking at the NW ZAMBIA MAP, that AFP managed to get First Quantum in a JV because their licences are in the "HOT EXPLORATION AREA OF THE DOME" [per Chairman of ARCM]. Also, AFP's 1 licence is SITTING ON THE WESTERN FORELAND TREND CONGLOMERATE itself coming down from the DRC legendary KAMOA Kakula.
Any licence that has NO MAJOR in a JV means that yes, if it hit big, it can pay out but equally if it does not hit Tier 1, then, money spent and either one has to try to develop it [beyond a AIM co's reach] or sell out to a smaller player. So, advantage and disadvantage.
AFP -FIRST QUANTUM JV, NW ZAMBIA.
Even Jack Dann is aware that it may not go beyond 51% to First Quantum and 49% AFP. Why? WITH A INDICATED MINERAL RESOURCE STATEMENT , it is saleable. Mather said, majors know and understand results and even without a MRE it can sell [of course if it is a potential Tier 1 as majors are not interested in small projects]. MRE is maiden resource statement and one can be produced once drilling results come in , after some reasonable no of holes are drilled. After all, it is just putting all the figures together.
SATELLITE
On open file, one can zoom in to the NW Zambia and see what holes FIRST QUANTUM has drilled or are drilling by the collars etc seen by public satellite for free. One will need the co-ordinates etc to do so. That way, one can tell HOW FAST THEY ARE WORKING etc and how many holes thus far.
Please remember, I have limited data as it is public info and therefore, I am not privy to Bird's inner figures of how much, how he will play the subtle games etc. Thus far, Mr Bird commended First Quantum ie they invited them for 3 days to see the details and they are not LAND BANKERS etc. So, with that in mind, read the DATA, FILL IN , CORRECT A/C TO ONE'S OWN VIEW. Right view, right outcome, wrong view, wrong outcome for self
Cyberiachas: That is what I heard from Jack Dann, Geologist at POW who was a guest yesterday on Sunday Roast to discuss FIRST QUANTUM'S -AFP RNS, 16 FEB 2024. Usually, I listen in the dead of the night. My ear plugs are the Japanese type ie tiny. I want to preserve my ear drums --I cant put the sound up w/o using ear plugs as I dont live in a mansion with 20 rooms on 20 acres. So, as I said, CHECK and listen as audio , one can hear wrongly as some words are swallowed. To me, I dont care as Dann said TENS OF MILLIONS, HUNDREDS OF MILLIONS taken to mean revenue as is understood in general. He didnt need to tell me -------MATHER sings the song so often that I hear it auto if Tier 1. DYOR. NIA.