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You make an interesting comparison with ARC - which l also own - l have to admit in valuation terms AFP does look the more attractive. Equally as l learnt with XTR and Bushranger, best to spread risk over multiple projects and locations. In the end they are all just holes in the ground until mining starts.
Thanks metalhead. I had no problem accessing. Read well to me. Agreed completely of the radar - which is kind of nice as l slowly top up. For me it is the FQ exploration which is the most interesting part.
Hi all. I’ve done a long twitter thread on AFP. Check it out: https://twitter.com/metalhead2525/status/1675019357078814721?s=46&t=Jne_cUYLxmaxpafySDDQ2A
All comments welcome
In line with my strategy I’ve been buying today. Buys at 2.188 and 2.098. Pausing to see what happens next
Must admit I have been watching this for a while and hit a few last week around the 2.3 mark. Not huge qty’s but for putting in to a SIPP seems a good opportunity.
If it goes to between 2-2.2 I would grab a few more as excited to see what the future holds
Defo potential buyers currently on the sidelines but don't want to pay above Placing price. SP slowly dropping, just need a little more patience imo...
If those trades at 2.26 were both buys then friday looks like all buys and some decent values, encouraging
Had a few more at 2.26 yesterday.. close enough for me
Its taking a while but we're slowly drifting down towards the Placing price. As long as we don't have any (positive) news next week we should be able to buy at around 2.2p....
Doesn’t mention Kalahari but I guess Zambia and ongombo are the ones likely to lead to interesting action/ results over the next 6 to 9 months
Just posting what you mention below in TIR, it holds 4.6% of afp I believe :
African Pioneer Plc's (APP's) principal business is to explore opportunities within the natural resources sector in Sub-Saharan Africa with a focus on base metals including copper, nickel, lead and zinc. Tiger's current holding in APP is 8,810,056 ordinary shares representing a 4.6% interest in the company. During the last 12 months, APP has carried out a drilling exercise on its Ongombo licence which has had considerable success in identifying near surface material. These drilling results will allow the company to consider an open pit /2-3 year mine project when evaluating a potential mine which should facilitate entry into the proposed underground mine. The re-evaluation of the Mineral Resource completed by independent consultants Addison Mining Services and announced by APP in May 2023 achieved a significant milestone for the company. On APP's Zambian licences, First Quantum has reported considerable success with their initial fieldwork and drilling programmes including some deeper holes drilled. The outcome has shown the project to be extremely high in potential with First Quantum stating their belief that the orebody style resembles that of the Kamoa-Kakula mine in the nearby Congo and the Western Foreland style mineralisation associated with Kamoa. This represents a potential significant major discovery for Zambia, First Quantum and of course, APP. Apart from these deeper holes drilled, there has been near surface mineral discoveries with indication of grades somewhat higher than traditional Copperbelt expectations. Tiger remains excited on the prospects of further news on APP's project and believes that further progress on APP's assets should have a positive impact on the performance of this investment.
If you fancy a bit of a read, try the TIR results published today under an RNS.
Would have been nice to have some juicy news for post the raise, but I guess he released prior to try and get the price up first, difficult decision to make. Agreed it might be a month or two before substantive news here.
Like dvHarrison I am waiting a little longer. I’m thinking 1.8-2.2 target to buy, but will see how it goes. I do want to get back in so will have to judge it. But based on today’s RNS I’m not expecting major upward catalysts in the next few weeks. Will see. Comfortable with approach in any event. I wish all others luck and am sure that on an appropriate timescale everyone here should do well
I came in for 100k shares but I already have quite a few. Looks like buys comfortably outweighing sells overall at this level
Definitely on my watchlist and pre Placing was looking for 2.50p entry price. Now will hold on until closer to the Placing price
Now that the raise we knew was coming has been done, has anyone added. I just added 200K and 400K earlier. Have 1M in all so will leave it at that as fully extended elsewhere
A mere 22% spread this morning, thanks MMs
Looks like we were right about the fund raise, but I was too optimistic about the Placing price. Ouch!
Good that it’s done. Bad discount but no general warrants. I will look to buy back in at some point now, although it doesn’t sound like there’s any particular rush and I am minded to look for a buy below the placing price in the next few weeks
Well at least that's the fundraise out of the way so as soon as people settle down it will move forward.
At least that is out of the way. Price set quite low but not too painful for existing private investors. Hopefully the rerate can start now.
Come on colin, do a primary bid, give us all a chance to buy lower and fund the company to achieve the growth we all hope for
Yes, on sidelines and would take around 500K at that raise price. Maybe another 1.35M to give me a round number which suits my ocd tendencies
I suspect there are a lot of potential buyers on the sidelines (including me) just waiting to see how much CB is going to raise and at what price. I'm hoping for around 2.5p...