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Thanks for posting and to Colin and the Roasties. It does sound promising and at least FQ are putting in some serious drilling with 3 rigs. As pointed out, this is district wide so could also benefit XTR and GLR. Fingers crossed.
Https://audioboom.com/posts/8389369-midweek-takeaway-with-colin-bird-executive-chairman-of-african-pioneer-lse-afp-afp
Roast PR interview from this morning
Interview with CB.
https://soundcloud.com/zak-mir-32494497/colin-bird-executive-chairman-african-pioneer
Remains promising. If the Roasties do a podcast with Colin, can you ask how it all integrates with XTR and GLR licences.
Great news about FQ exercising option. Seems like the next update will be a big one in terms of exploration results
Thanks, both
Https://www.first-quantum.com/English/announcements/announcements-details/2023/First-Quantum-Provides-Notice-of-Third-Quarter-2023-Results/default.aspx
I think that as a JV Partner, AFP should receive its own detailed Report.
How much shareholders see, will probably depend on what FQM will allow AFP to reveal.
Pretty sure Colin would be keen to reveal progress of project and the drilling results.
It’s on the First Quantum website announced 25 September, they’re being released 24th October. They’re having a conference call and a webcast the following day.
Gameangler, where do you get 24 October?
Catbert
the markets are just terrible atm,especially on aim
just about everythings,making new lows
Very thin volumes of late. This is on a pregnant pause? Hopefully news to come. Not sure what to make of price action as so little is happening. Anyone got any thoughts about what's happening here?
1.65?....could be the low,near az dammit..imo
lets see
FQM Results report to be released on Tuesday October 24th.
AF should be getting results of air core and diamond drilling results.
CB last comments were.......
'Colin Bird, Executive Chairman, commented: "The discoveries made during the last quarter and the resulting report are ground-breaking for our partners and AFP shareholders. The apparent confirmation of the extension of the Western Foreland and the presence of key vectors possibly consistent with Kamoa-Kakula style of mineralisation is an exciting discovery and potentially paves the way for the delineation of the type of copper resource that could be transformational. This new opportunity coupled with the extensive surface mineralisation on both of our licences focused on eight primary targets with a combined strike length exceeding 30km together with the discovery of high-grade cobalt mineralisation merely amplifies the overall potential of this JV Agreement. We look forward to the next reporting round to provide shareholders with further updates based on the drilling and geophysics scheduled by FQM"
The CEO of ZAMARE Minerals is a nearby Brit neighbour. He is highly experienced in Zambian geology.
In the interview he describes the exciting deposits in our Areas.
https://www.zamareminerals.com/n/n29/interview-with-roger-murphy-on-mining-network
The 2 year option period expires on 2nd October 2023. If they have not exercised the option or applied for an extension in the period, they have have no right to any licences.
The latest interim RNS clearly states.
7.2 Sandfire has notified the Company that it will not be exercising its option under the Sandfire Option Agreement.
Looking forward to more exciting results from Zambia.
“the Company is awaiting an expenditure report from Sandfire for the option period so it can review Sandfire's Exploration Commitment which was to fund US$1 million of exploration expenditure on the Included Licences (the "Exploration Commitment") within the Option Period with 60% of the Exploration Commitment to be on drilling and assay costs. If the Exploration Commitment is not spent, any shortfall is due to be paid by Sandfire to African Pioneer.”
Have to wait and see re Sandfire. They were required to spend $600k on drilling and it sounds like they may not have. If they didn’t, they have to pay it to AFP instead, which would be a cash windfall of $600k, plus we get their exploration data and the licences back. We’ll see
Interims RNS not shown on LSE today.
Big news Sandfire not proceeding with their option, which is disappointing.
Namibia copper project is progressing.
Zambia First Quantum exploration is the potential big project. Given its location, success could be beyond our wildest dreams of avarice.
Still early days , lots of results on drilling and investigations should be due soon.
Hi metalhead
Not had umpteen hours to research AFP.
Rough numbers and timescale will do
What price do you see copper assets in Zambia be sold to major? And when ? How many years
Very very rough low ball estimate will do
Thanks
Dani from X
Good to see directors buying more
Hi MHead
Just read your thread on Twitter. And sent a reply.
Most questions answered . No need to reply on here.
Thanks
Hi MetalHead
Scrolling down to suss out real investors here.
Currently hold a large position in XTR
Looking to invest % of BR DEAL or topslice once we break out of flat line consolidation.
If CB strategy of creating shareholder value is the same across all his companies then this is where I will invest.
So
If you don't mind me picking your notes on AFP
Please explain investment case
Relationship with FQM & SANDFIRE
Timeline to monetisation
Cost to AFP SHAREHOLDERS = are likely raises needed.
Thanks in advance
CruELLA
It's not CB reducing his stake is it?
Big 22p trade here today lol
patient we must be I guess