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Highlights from our recent RNS � Over 1,100 metres of diamond core successfully drilled with six holes completed � High grade gold mineralisation identified in the southern zone linked between holes � Diamond core hole MSDD0108 intersected 8.10m @ 4.82 g/t Au from 53.5m, incl. 2.2m @ 15.03 g/t Au from 57.40m � Initial results further confirm Akyanga as an open-pit resource The first phase is fully funded and part of a 5,000m programme of expansion and infill diamond drilling that is designed to demonstrate the potential for the Akyanga deposit to be classified as a resource of in excess of 2 Moz of gold. The first hole, MSDD0108 has been collared between existing holes MSDD0050, which reported 4.53 g/t Au over 21.9 metres from 58.2 metres down the hole and hole MSDD0001, which reported 4.20 g/t Au over 8m from 13 metres down the hole. MSDD0108 was designed to link the high grade gold mineralisation between these two existing holes that are approximately 120m away from each other. The second hole, MSDD0109 has been collared over 100m down dip of hole MSDD0050, between existing holes MSDD0067, which reported 2.04 g/t Au over 18.3 metres from 73.7m down the hole and hole MSDD0076, which reported 4.20 g/t Au over 10 metres from 126.55 metres down the hole. The existing holes are spaced approximately 200m apart and MSDD0109 was designed to confirm the geological and mineralogical continuity between these two holes. MAN THESE ARE ROCK BOTTOM ATM...... Great weekend all, Firwood
Oi. You asked us all not to interact with them. Now you're goading them ha :)
So another change of direction...... coincidence?
Good find fulmar, The link didn't work for me but the message body is inspiring
Whatever happened to the plant that Zamsort was building? I can't find any recent news on it.
#africaTech October 19, 2017 / 5:27 AM / Updated 5 hours ago China's Jiangxi Copper has plans for M&A in Africa: chairman Tom Daly 3 Min Read BEIJING (Reuters) - State-owned China metals firm Jiangxi Copper Co Ltd plans to make an acquisition in mineral-rich Africa, president and chairman Long Ziping said, as the countrys top integrated copper producer aims to step up overseas expansion. Long, appointed chairman last month, didnt identify potential targets nor say how much his firm would spend, saying only there were some plans for African M&A in an interview with Reuters on the sidelines of the 19th Communist Party Congress. Last year Jiangxi Copper launched a $300 million fund aimed at buying mining projects in a bid to bolster its international presence. The firm has several mining projects abroad, including in Peru and Afghanistan. ADVERTISING Over the past decade, China has invested heavily in Africa, especially in copper-rich Democratic Republic of Congo and Zambia, in a bid to secure crucial raw materials for its heavy industry. In market trends, Jiangxi Coppers Long said a recent spike in copper prices to above $7,000 per tonne was mainly down to private equity funds piling into the market. There is no problem in terms of supply and demand, he said, adding that companies could handle a reported ban on traders importing scrap copper from next year. Since overall supply and demand have not changed, I think the price should be $6,500 in 2018, Long said. If prices get as high as $7,200, there are also speculative investors in there. The biggest increase in copper demand this year came from Chinas booming electric vehicle sector, Long said, without providing any figures. Asked about treatment and refining charges (TC/RCs) set by the China Smelters Purchasing Team (CSPT), of which Jiangxi Copper is a member, Long said smelters would wait until their executives return from the LME Week conference, being held from Oct. 30 to Nov. 3 in London, before discussing their views on 2018 charges. The CPST set its TC/RCs at $95 per tonne and 9.5 cents per pound, respectively, for the fourth quarter of this year. Contract renegotiations for 2018 with copper concentrate suppliers have similarly not yet begun, said Long, whose vice president, Wu Yuneng, will attend the LME Week event on behalf of Jiangxi Copper. Reporting by Tom Daly; Writing by Josephine Mason; Editing by Kenneth Maxwell Read more at http://www.stockhouse.com/companies/bullboard#jKSr4Du2C1OJXWUt.99
DShot.................. If Andiamo was sold, what value do you think the sale would add to the sp if any. gla
All the juvenile behaviour comes from you guys - name calling "morons" etc.. We are bitter. The bitterness is being exhibit you and your fellow rampers who didn't manage to orchestrate a 3 bagger with your talk after the last RNS. Bad luck on you....
as has been previously reported (if successful) would raise all the money needed for an open pit mine development.3rd party processing is a likely scenario.so mine development and operation costs kept to a minimum
awaiting volume
I've just read a report in the daily news digest of Merger Market (a subscription site) that quotes VC as saying that post the assay results due in November the company may well sell it's holding in the Casa project. He goes on to say that the project will either be sold in its entirety of will raise money to head for production. If the latter is the case and due to the current sp, OTC wouldn't be able to raise the money required to stand its corner and therefore a sale would be the preferred route. I don't follow this share anymore,having sold out a very long time ago,but thought you guys might be interested...assuming it's not old news. (sorry, the site doesn't allow links)
Doesn't matter what you say. Thy will find a negative because they are bitter. They don't want us to make money where they lost. Shame. gl
Lol. Fair enough SPOT. Happy for you to ignore it if you are unable to comprehend. Makes sense really. I agree re filters so I will be applying now. Fairly unusual for me but no point reading the repetition.
Thanks for the balanced post. Again we have to have the board filled by bitter investors who lost money. Admitting you will shoot the company down wherever possible is so infantile Lets hope the juvenile behaviour stops soon and these grudge bearing embittered ex investors move on with their lives.
Dr Phil Clark DRC expert and political scientist at SOAS commented within the last week as to his views towards the political outlook. Kabila seems to be employing the tactic of continually delaying elections by 3, 6, 9 months and the electoral commission�s stated time to prepare polls is 504 days. It is becoming increasing likely DRC will not see elections in the next 5 or even 10 years. He�s been there since 91 and has organised things to make his removal very tricky. Each outbreak of demonstrating is quickly and very violently crushed by Congolese police. As unpleasant as this is, it can almost be seen as almost status quo for the DRC and as such is less likely imv to significantly influence CASA to its detriment. Anyone researched will be aware of the stability or otherwise of OTC�s various jurisdictions of interest and assess accordingly. Strategy seems to be inclined towards gradual streamlining and Sturec sale would fit, recently factors have become aligned to allow for this but who knows? Funds would reduce placing requirements for CASA etc but imv placings with clear purpose can be v positive (especially when at a price close to my av) and I like diversity. Coming up on 30 days since AB bought 200000 @ 2.75p taking skin in game to 6.58% using >25% of his annual ISA allowance on OTC shares, he didn�t have to do that. From next week expected material news flow can recommence�..we will see
To me your posts are like your name...just too much effort. Gla
'Verifiable fact' is assertion if written in the way you do....its 'a confident and forceful statement of fact or belief'. Just as your statement 'no one has caught on' is an assertion of your belief. Anyway enough said. Good luck to you.
SPOT that is the most balanced and objective comment I have seen written here. The scattergun approach was borne of necessity after Sturec politics became insurmountable. Investors will say that the Directors have spread the risk with the new investments but there was no clear strategy, just investments 'on the hoof' from a weak position. You cant really give the Directors credit for this when the RNS output has not matched reality. Trust has gone.
Let's be clear, verifiable fact is not assertion. The political situation in DRC is a matter of fact. You say obvious, but no-one had caught on, not even EyeGuy the guru of OTC. So, you are trying to re-write history. Not once has the political situation featured in any of the investment case summaries presented by various posters here over the last 2 years. Not even once.
I will shoot Ortac down at every chance.My reasons are the Bod, I will admit I was drawn in by their talk nearly ten years ago when Ortac started out. They seem keen and had a healty bank balance to aid them but over the years they have shown themselfs out to be jokers. They talk half truths in their Rns's and just seem to jump from one idea (project) to the next. Ortac has now ended up with fragments of different companies in the hope that one will make good and carry them with it and to fund these, it has had needless placings which have continued to dilute shareholder value. Atm, I beleive Casa to be the only holding of any potential value but..... Ortac need a massive placing to take a majority holding and fully fund the completion of the drilling program to increase the jorc and bfs. If this were to happen, I would then consider them investable.....keeping a close eye on the politics of the region.
Feeks by definition everything you post is assertion. I equally ignore wildly optimistic, as much as I ignore your wild pessimism. The truth is generally always somewhere between the two extremes. I was simply agreeing with you that the geographical / political risk you call out exists, and is obvious to any sensible investor to take into consideration. The fact that some people post the exact opposite extreme views to you does not break my reasoning. You wont save anyone that invests based on other people views only, without doing personal research to make investment decisions. Those that do that will simply lose it elsewhere at some point.
Maybe but that's pure assertion and there are definitely a number of posters here activley trying to mislead others, so your reasoning breaks down unfortunately.
Feeks I think Kabilas second term and his mandate ended last december so 9 months ago. I think he agreed in january that we would hold elections by end of this year but as you say, has not actually organised anything (something about no funds or reliable ballot but that's just his spin). I agree it is certainly an unsettled situation and its most certainly a risk both existing and potential investors should be very mindful of. That said, I still think this holds high potential value in any event. I mean as said before this is very high risk / very high reward. I / we have our chips in and are obviously happy to take it with appropriate position sizing. Nothing is for sure, ever. Your not saving anyone. Anyone you do save because they don't research and apply their own risk appetite, will simply chose another share until they either get lucky or lose it. Simples.
lol Cityfan is STILL making feeks threads
Then you all deserve nothing. Any good investor has politcal risk at the top of their list. Ps. Just use filter like the rest. Job done