Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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£1m market cap......
No one tempted.... cos note is happening.....
Drift ...until something to look forward too
Come on Luis..... Rally the troops...
Look at this share price. Down from 1.20. To just 0.25
absolute state of this co..... what a joke!
Not sure what options there is now for Kat , gonna be hard to pull this out of the bag now
Might Paul Johnson of POW had a chat with our man, Louis?
Verbal interview - no video feed.
https://www.youtube.com/watch?v=71GNzuKFdXY
Nothing of real value IMO but next steps appear to be:
Interpret, digest, the drill results.
Two prong approach going forward - Nickel (revised) & Lithium.
Have another look at the geology. Whatever that means.
I'm obviously hoping that further exploration work will take place. But as said previously. What remains of my shares are likely going to be diluted down to dust.
GLA
HD. Thanks. We can only hope and pray!
ATB, FG
Thanks Forest. It was a great interview by Paul Johnson - shame we didn't get anything as informative from Louis. It sounds as though they just missed the sweet spot but there is potentially still some good resource, you just cant expect to hit the motherload on the first drill!
Sorry to hog the board today, but just to add my apologies for writing misinformation, but KAV's GRS target is in the Kalahari Suture Zone, Botswana. I'm a KAV investor, so should have known much better. And this definitely isn't some form of cack-handed plug. That's me out of here.
Just watched Paul Johnson's take on things at Haneti.
https://twitter.com/StockBoxMedia/status/1531730132041453568?t=MmCB9slUW1JlZhUzbprYVA&s=19
He gave me the impression that the failure to find any Nickel could be the first of several attempts. He didn't mention it, but his friend, Ben Turney, of KAV failed in the first attempt to hit the Great Red Spot in Australia, and it seems that he wants another crack at Haneti. I did get the distinct impression that Mr. Johnson intends to give Mr. Coetzee a big kick up the backside regarding further comms, etc. I invested £5k in POW and £32k here, methinks that I got my allocation the wrong way around. Anyway, maybe all is not lost. If we are lucky, there will placings, and dilution, but it's seems still possible IMO to make some money here.
GLA, FG
It appears that I'm going to lose £32k here and, unfortunately, I'm not likely to be the only one. Is it worth me selling before Mr. Coetzee brings the curtain down on this mining misadventure? Not really. But I can't see how he'll be able to raise any funds on the, potential, promise of some Lithium. Mr Coetzee well and truly stuffed-up with Blyvoor, but we can't blame him for Haneti.
We tried, we failed. Hopefully, it's a case of all us PI's being down, but not out!
All the best, FG
Lambo222
You are absolutely spot on . Delays and there is always something to hide. The more I started to think about Christian leaving, the more doubtful I was getting particularly in the last couple of days. Hence my earlier note today at 13.00
Was obvious really, huge delays are never good news as I said earlier sorry to all holders, shafted again
Paul Johnson words it better :
"The Joint Venture has now completed its first diamond drill programme at Haneti, a district scale exploration opportunity in Tanzania.
Drilling has confirmed the presence of nickel albeit not as yet in economically significant intersections. However with the information from the programme we can now undertake more advanced targeting for next stage exploration. We are targeting the discovery of economic nickel with the work programme going forward.
The completion of this programme also enables the JV to re-engage with potential project partners to discuss the findings and next steps in further detail.
The work undertaken was extended to include an assessment of lithium prospectivity which was perhaps less of a focus in the past. The results of this work have confirmed significant lithium potential and the JV is now implementing a lithium consolidation strategy to build our interests in this area.
At this important time in the advancement of Haneti, Power Metal is working with our JV partners Katoro Gold to undertake expedited work programmes and move the Haneti project forward."
Are these results significant? :
· Strong lithium mineralisation is present, most likely in the form of lepidolite/spodumene mineralisation, with two of the five rock samples returning >10,000ppm Li.
· The tantalum (Ta) values in two samples (2,608ppm and 1,354ppm) are exceptionally high, considering that a value of around 250ppm would be of economic interest.
· The Ta:Nb (niobium) ratio is favourable with Ta being much more abundant, representing the more valuable member of the two.
Based on the results, it is suggested that the Babayu lithium prospect should be further followed up on and the consistency of the high concentrations of tantalum and lithium should be evaluated further.
Thanks in advance.
GL.
Question is : Is Haneti done in or did they just drill in the wrong place?
Also is there true potential with the Lithium mentioned?
Any budding geologists please feel free to enlighten me thanks.
GL.
Sorry to see lost PI money here. But I have been saying for a little while the risk profile for this share with everything that has gone one was sky high. A wild cat drill of three holes to 900m in the middle of nowhere. PI should learn lessons. The trick is not to lose money in the AIM - any fool can make money.
Absolutely! The same happened with Blyvoor. Of course they knew
Large sells went through before the RNS. Someone knew?
******!
GL.
Andysmi
I am absolutely gutted here as big time in red. Just at 13.00 Iwrote about two pointers which had started to bother me and this RNS gets released. I will be pulling out of all exploration companies after this. That's me done
Update - 85% loss
Sadly I don’t think is a single private investor in profit here… all money went to insiders MMs, LC and his family lol
Wow, a year and a half ago when I invested here I thought this can’t go wrong having two prospects (Blyvoor and Haneti)…. Little did I know about the fraudster in charge. One year and a half later my investment is been decimated and both prospects FAILED…
Awkward moment when your nickel mine doesn't have any nickel in it
· Whilst the drilling results showed anomalous results for Nickel (Ni), copper (Cu), gold (Au) and PGE that are subject to further interpretation, economically significant intersections of these metals were not encountered in the drilling.
Babayu Lithium doesn't look too bad though
Another failure from Louis the reverse alchemist
Sorry professor but it’s hard to be optimistic when I’m 75% in red
Or there was none and he was redundant