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I listened to Mr Bird last night again [some for 2nd time to check] and this is what he said about:
"FIRST QUANTUM, JV PARTNER TO AFRICAN PIONEER.: Mr Bird- "they are NOT GAMBLERS."!!! [please check the interviews on Sunday Roast, Midweek Roast on Twitter under Colin Bird Mining.]
What did he mean? In real life, not gamblers has 1 meaning and in mining , it has another meaning but both converge.
In a much earlier interview, I remember Mr Bird saying that in SELLING KIWARA TO FIRST QUANTUM FOR $260M USD, folks woke up one morning and the RNS said FQ offered a takeover for US$260m. So, from the way he said this, it means that no one had any inkling this was going to happen. SHOCK: SELL KIWARA TO FQ AT "current & indicated Resource 867Mt @ 0. 4 4 % cu [copper].!!! This is 21 Dec 2009 -----in those old days, I think 0.44% CU COPPER MAY NOT BE THE BE THE MOST IDEAL THEN. Yet, FQ bought it for US$260m. 867Mt is large as it is almost a Tier 1 size ie 1bn. From the article in my post below today, I now understand why the ACRM sung Mr Bird's praises as he said Kiwara ALSO gave FQ the NICKEL PROJECT as well. NOW, FQ HAVE DEVELOPED KIWARA INTO THE WORLD'S 14 LARGEST COPPER MINE AND the nickel project is also sizeable close by and called ENTERPRISE. Mr Bird also said he did not DRILL KIWARA out but leave enough on the table for the MAJOR. Mr is said to have spent $20m on drilling at Kiwara. HISTORY NOW PROVES THAT FQ INDEED DID NOT "GAMBLE" but were very good at starting the mine, now No 14/world. GAMBLING can also taken to mean WILD CATTING by folks with some money - DRILL and nothing =0$$$.
---------FIRST QUANTUM & AFRICAN PIONEER --2ND TIME OF ENGAGEMENT VIA JV AT NW ZAMBIA.-----
AFP's RNS of 6 June 2023 informs that the 4 LICENCES are 80-100km from SENTINEL, "one of the largest copper mines in Africa." From 20.1.22 to date, FQ has been doing geo work eg soil samples, geophysics and AIR CORE DRILLING AND DIAMOND DRILLING with COLIN BIRD STATING: " THE DISCOVERIES MADE during the LAST QTR & the RESULTANT REPORT are GROUND MAKING for our partners & AFP s/hs.
THE APPARENT CONFIRMATION OF THE WESTERN FORELAND & the presence of VECTORS possibly consistent with KAMOA-KAKULA style mineralisation is an EXCITING DISCOVERY & paves the way for the delineation of the type of copper resource that COULD BE TRANSFORMATIONAL...extensive SURFACE MINERALISATION ...8 PRIMARY TARGETS...STRIKE LENGTH 30KM together with DISCOVERY OF HIGH GRADE COBALT min merely amplifies the OVERALL POTENTIAL OF THIS JV AGREEMENT. We look forward to NEXT REPORTING ROUND to provide s/hs with FURTHER UPDATES based on the DRILLING & geophysics by FQM." ---CHAIRMAN, BIRD'S COMMENT IN AFP RNS, 6 JUNE 2023.
Further AFP RNS of 23 Oct 2023 : "----CONFIRM FQ has IDENTIFIED the KEY STRUCTURAL architecture determining the BOUNDARY OF WESTERN FORELAND & CENTRAL FOLD & TRUST TERRAIN IN AFP LICENCES. ===DEEP DRILLING ON AFP LICENCES has SUCCESSFULLY identified diag
Contd: Part 2
From the AFP RNS, 23 OCT 2023.
"diagnostic features INDICATIVES of SIMILAR STRATIGRAPHY of mineralisation processes to those involved in the ===========FORMATION OF THE KAMOA-KAKULA DEPOSIT.===FQ HAVE DELIVERED NOTICE TO EXERCISE THEIR OPTION OVER LICENCES 2 7 7 6 7 & 2 7 7 7 1." -----
[Note: KAMOA-KAKULA is one of the large /est copper finds in the DRC of Robert Friedland fame of Ivanhoe. Ivanhoe or Robert went on to discovery KITOKO also on the =======WESTERN FORELANDS TREND IN THE DRC.===
However, now with KOBOLD'S BIGGEST COPPER DISCOVERIES IN NW ZAMBIA ie ON THE CONTINUING WESTERN FORELANDS TREND from DRC into NW ZAMBIA, all the 3 co's of Bird, Anglo [JV ], Ivanhoe and Rio are now chasing NW ZAMBIA along the WESTERN FORELAND TREND INTO ZAMBIA from DRC.
KOBOLD OF BEZOS AND GATES FAME HAVE STRUCK BIG HITS IN COPPER IN NW ZAMBIA, WESTERN FORELANDS TREND so, now even the Indians want in.
AFP RNS, 16 Feb 2024 [Fri], FIRST QUANTUM [FQ OR FQM] WANTS THE OTHER 2 LICENCES FROM AFP which now totals the FULL 4 LICENCES from AFP. GAMBLE: FQ has done work on the 4 licences ie AIR CORE DRILLING AND DIAMOND DRILLING and DECISION TO TAKE ALL 4 LICENCES OF AFP AT NW ZAMBIA.
AFRICAN PIONEER MAR 2023 PRESENTATION:
https://africanpioneerplc.com/presentations/reports/
Pg 5/22: PHASE 1 DRILLING COMPLETE , LARGE ANOMALIES delineated, Phase 2 drilling approved. Significant on or near surface potential covering MORE THAN 30KM STRIKE." "Pg 7/8-see details ======+++TARGETING NEAR SURFACE >1BN TONNES @ >0.5% CU [+CO]." AFP PRESENTATION, MAR 2023.
=========AFP MKT CAP £5.02M @2.24p , Fri, 16 Feb 2024=============
No X or Y, FACTS and MKT CAP £5.02M. Please check and DYOR. NIA.
Just typing out everything so that on this weekend , everything is typed out in its skeleton form about FQ & AFP JV.
Mr Bird has £700k riding on AFP shares per Mkt Screener , valued at Jan 2024.
I have been here for some time but did not post until I have all the facts on hand. Been searching everywhere as usual.
News, Sat, 17 Feb 2024.
Caveat:
I am stating what is in the AFP RNS/ AFP Presentations etc. I dont do lunch with Chairman of First Quantum so I cant say, they are this or that. Only, history says, Mr Bird's Kiwara has turned out to be First Quantums' Sentinel & Enterprise mine in Zambia, 80-100km from the AFP 4 licences. So, not a "gamble" for First Quantum at Kiwara , even tho they paid Bird $260m USD.
AFP UPDATE SHORTLY:
Hopefully, First Quantum will report shortly their results and some say we will get to hear more about FQM/AFP JV but I cannot be sure until the AFP RNS hits, as and when or if.
So, cant blame anyone especially, AFP has a £5m MKT CAP with the 16 FEB 2024 FMQ [OR FQ] OPTION IN FOR THE OTHER 2 LICENCES BRINGING A TOTAL OF 4 LICENCES. THERE ARE A FEW CHASERS AT NW ZAMBIA FROM THE BIRD STABLE IE GLR AND XTR plus others eg Anglo etc. So, research and done remember dont invest in any stock as stocks can go up and down. One can see the TAI drill of helium with the string breaking and the sp plunged but the Itumbula drill has had helium - that is the nature of exploration. At Bushrangers, the grade fell just a bit short of the target but there again that is NATURE'S GEOLOGY. Cant tell UNTIL the DRILL HITS. DYOR. NIA. Sat, 17 Feb 2024.
CANT TELL WHO IS GOING TO HIT THE JACKPOT per Mr Bird who reckons "1 out of the 5 could hit the jackpot." Yes, KOBOLD hit BIG at NW Zambia and more than 1 can hit next , NONE etc --that is the ...of the DRAW of the geology. I am not the expert on Zambia geology as I am NOT a Geologist specialising in Zambia. Mr Bird has more FORM in Zambia with Kiwara. That is his legendary status in Zambia but will he hit again? Cant tell , can I? Have to depend on FMQ just like any other junior explorer that has a JV with a major - the major does the drill etc and they report and the junior is hopefully told and the junior RNS it. Sorry for the long post. Long day and just typing without editing. Yes the software is playing up and someone else also confirmed it --they use caps and it changes to small letters.?? 17.2.24. [AFP £5.02m mit cap @2.40p post AFP RNS, 16.2.24 of FMQ taking the remaining 2 licences and 1st period starts? PLS CHECK & DYOR.