Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Just as a matter on interest, Kalahari Metals Ltd, which is owned by Luke and Adam, have agreed a deal with MTR this week. Shame in a way that it could not be RTO'd into DRG, but funding may well have been an issue, MTR paying for up to 50% of Kalahari. The word on the street is that DRG aims to relist early August. Although still another 2 months away, it is expected that there is a strong possibility of it multi-bagging from the suspension level.
Vector, you are experienced investor ! Let's hope this and INFT come good for us !
I'm hoping there will be some clarity on amount and quality of resources present. Likely outcome ? Likely dilution? Likely market cap ? Will we see 1.5p per share ?
I'm intrigued as to what prices most holders are currently in at. My average is 0.55 so hoping for a substantial rise
Hi folks. Good to get that reassuring RNS today. Feel we may get a multi-bagger based on Luke and Alan's knowledge and experience. If so, our patience will truly pay off. Only a couple of months to wait maybe.
I told you a while back it most likely not be done in q2. Ur comment “It's an AIM company: unfortunately timescales and feelings frequently have little in common with reality”. The paper work is very complex and lengthy , I say it again I won’t be surprised August time
Non-binding to binding which is good. Stikes me as bizarre that they issued that RNS before end of June.
Anyone got any hints of what is happening (beyond what is contained in RNSs) ?
We are half way through Q2. The company had expected to have the deal completed in Q1 so hopefully not long now.
Well Peter, I've just under 1,500,000 at around 0.4p.
You are telling me, with my 4% amadan! Really invested too much, but cannot do anything about it now. So long as they get the RTO off the ground, I am hopeful of getting my money back in due course. Not much point in being pessimistic lol. And I know someone who with his relatives has quite a bit more than me. No doubt there may be others, who by themselves did not breach the 3% level but spread the shares around.
and I hope that there is a decent return when it comes back to the market. Most shareholders have seen their investment here substantially reduced.
Long wait as expected. Hope the due diligence and extensive documentation is well on its way now. I have a lot riding on this being successful. Hoping my faith is rewarded. At least with two major shareholders, there must be pressure to get the RTO done.
Thanks saintpeter7.
We shall see who is correct , my predictions will be early August. Inft is prime example that both of us are in . Rto takes a long to finalise June is far too optimistic. Either way we are locked in here and no choice but to wait
It's an AIM company: unfortunately timescales and feelings frequently have little in common with reality.
All good news, but I feel rto will be completed by August . The paper work is alot
Thanks for the update - am hopeful this will come good through 2018 - was always a punt but fingers crossed
Tam Mining was and still is a private company Madpunter. Amadan as you will have no doubt discovered the deal never came off. The resource is still there although there is very little on the net about West Lumba.
Blenheim Gains Exposure To West Lumba Project Through TAM Mining Deal LONDON (Alliance News) - Blenheim Natural Resources PLC on Monday said it has entered into a ... Alliance News8 August, 2016 | 9:17AMEmail Form LONDON (Alliance News) - Blenheim Natural Resources PLC on Monday said it has entered into a subscription option agreement with TAM Mining Ltd, potentially giving it exposure to a project in Zambia that is highly prospective for both gold and copper. progress has been made since in assessing the resources: Blenheim shares were trading flat at 0.35 pence per share on Monday. The London-listed company will pay a negligible amount to acquire the option, which in turn will give Blenheim the right to purchase a 7.5% stake in TAM. Blenheim said, in return for the stake, it will "use its skills and contacts to assist TAM in raising a minimum of USD5.0 million". TAM has numerous operations in Africa that focus on precious and base metals. Its headquarters are in St Kitts & Nevis, but the firm also has offices in London and in Lusaka, Zambia. Blenheim said it plans to start immediately helping to restructure TAM and the board before making the investment. "TAM's West Lumba project is the most promising mineral project we have reviewed over the past two years, and we are delighted to work with TAM to provide the commercial and technical management input needed to develop TAM's licence area and to help it raise new investment," said Chairman Chris Ells. Blenheim will be able to exercise the option, once granted, within a six month period after TAM completes a resource statement for the project or within a 12-month period after the agreement is signed, whichever is sooner. TAM needs to raise the USD5.0 million via "loans or subscription shares" as a condition. TAM, through its subsidiary, owns a 90% interest in the West Lumba project which contains "iron ore oxide copper gold". A total of 37 holes have been drilled on the asset, and TAM also has acquired data from the previous owner, Brazilian iron-ore giant Vale SA. "Work to date has revealed numerous targets, including an exploration target within the relatively small (3.0 kilometres-long) initial discovery zone, with mineralisation at depths suitable for low-cost open pit mining, open along strike to the east and west and at depth," said Blenheim. "Field mapping coupled with interpretation of Vale's geophysical data has indicated extensive zones of mineralisation elsewhere," the company added.
copper and gold - right up our street !
saintpeter7 - Have you any idea what the m.cap. was for Tam Mining?
Just found out that Tam Mining�s website has disappeared. Wonder why? I looked at it a few weeks ago and it hadn�t been recently updated. Perhaps, they will be creating a new one for the new company! They still have the West Lumba resource in Zambia as far as I know. Blenheim were going to acquire an interest in Tam last summer, but it failed to be completed. Tam were looking for $5 million funding to be raised to start developing the resource.
Hi JPS. I spoke to Luke Bryan last week. He didn�t feel able to say anything regarding progress with the RTO other than that regulatory clearances have been taking a while. I am still optimistic about an RTO being done, but it would not surprise me if it s not completed until sometime in June. Such matters always take forever to finalise. I had previously considered Kalahari Metals as a possible target because of Luke and Adam�s involvement, but that can�t be the case now as they don�t have any assets in Zambia as far as I know; certainly no mention on their website. I understand from other people�s enquiries that it is unlikely to be Copperzone either. One possibility might be Tam Mining, but of course it�s pure speculation at the moment. With 22.91% of the shares held by Pelamis (Steinepreis) and a further 21,66% owned through Jarvis, they have a fair amount riding on this being successful, which gives some confidence.
That this will come good.... but it feels like I might be in a lonely place???