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I just found it. SP Angel: "TYM. 0.13p. Mkt Cap £3.3m. Drilling Progress at Konkola West. The group is targeting ore shale, which HOSTS neighbouring mineralisation such as the Mingomba deposit. Today, the group reports that several key horizons have been noted from VISUAL ANALYSIS OF THE DRILL CORE, WHICH BEAR SIMILAR SIMILARITIES to those in NEIGHBOURING DEPOSITS. ---ASSAY RESULTS are expected following the completion of the hole in mid-June. Conclusion: This is a promising update from TYM and Kobold as they progress the Konkola West hole at depth. The group have not hit 1024m at depth & SEVERAL KEY MARKERS HORIZONS have now been IDENTIFIED. The Group suggests that these marker horizons bear SIMILARITIES to those IDENTIFIED above ECONOMIC DEPOSITS at NEIGHBOURING copper projects. "
My Comment: Because SP Angel can discuss with TYM before writing the above if they are not clear, I cant ask TYM. Therefore, I rely on RESEARCH of the geology of the neighbouring copper deposits and their results to attempt to form a picture of what TYM & Kobold may find in the two formation ie Lower Roan for example ie BEFORE 1,000M and at what depthS.
***** Kindly NOTE : SP ANGEL STATED: "...ECONOMIC DEPOSITS" &====="VISUAL ANALYSIS OF THE DRILL CORE WHICH BEAR SIMILARITIES TO THOSE IN NEIGHBOURING DEPOSITS." "ASSAY RESULTS ARE EXPECTED following the completion of the hole in mid-June."*****[Verbatim from SP Angel, Tues, 21.5.24].
VISUAL ANALYSIS OF THE DRILL CORE ...was something that many on this forum ie the "experts" as they rate themselves did not see inc "economic deposits". Why do I say "the forum experts"? It is because they swore there is NOTHING at all before 1,000m hence why the debate got so heated that the only way to resolve the impasse was to go to TYM on Twitter to ask and TYM kindly replied. It is norm that the RNS GIVES VISUAL ANALYSIS OF THE DRILL CORE UP TO 1,024M before they go for the TARGET DEPTH.
SP Angel note ends with: "This presents the possibility that Tertiary & Kobold are nearing mineralisation but albeit at considerable depth. However, it remains early days in the Konkola West exploration story and Management notes that "it is not yet possible to predict with any certainty the depth at which the ore shale might be encountered."
------MY POSTS BELOW THIS: I have less "authority" to state definitively as opposed to SP Angel who tend to speak to management given John Meyer, partner of SP Angel does say in podcasts they spoke to Kodal 's CEO etc. So, CAVEAT is that SP ANGEL has stated that there is "visual analysis of the drill core" and they bear "similarities to neighbouring deposits" may mean they relate to the mineralisation or the geology is up to the reader and what the "assays" pertain to. All up to the reader. Link: https://www.share-talk.com/sp-angel-morning-view-todays-market-view-tuesday-21st-may-2024/ On this forum, I recall 1 said there is nothing to see when Cheetham went ou
Contd:
when Mr Cheetham, Executive Chairman went out to Konkola West, Zambia hosted by Kobold. The picture of Mr Cheetham kneeling in front of a tray of 3 drill cores [part cores] together with TYM's partners against the backdrop of the rig was an industry style pic. But again, it was rubbished and now I wonder what will the 1 person say when SP Angel now states: "VISUAL ANALYSIS of the drill core" and note that today's TYM RNS had only hit 1,024m and not yet REACHED TARGET ore shale yet akin to Kobold's Mingomba. What is there to analyse if the 1 person on this forum was right there was nothing to see and why did Mr Cheetham go out there kinda of thing. Well, wait till the next RNS re: assays per the TYM RNS today.
If any more issues, ASK TYM or better still ASK SP ANGEL. I have nothing more to say given SP Angel's note is clear. It was evident if one ACCEPTED THE GEOLOGY of the Kinkola Stratigraphy per the TYM RNS of today. DYOR, NIA. News.
Well that all sounds fantastic, thanks News! Very positive new from the team in the RNS.
Sharedealer 22may 2024 DYOR
Thanks ‘News’ for a well put together post.
As I said last week it will be extremely unlikely that the deposits didn’t continue, and yes they will be less valuable because of the costs involved, mining at such depth but I feel the share price (mainly) languishes based on ‘perennial failures to meet timelines/ continually issuing confetti’ and that this has caused a ridiculous disconnect between where our share price is … and where it should be based on what’s going on and what we hold within the portfolio of assets.
I’m not shouting one of these £1 by Christmas type drivel you read (and Christ for my sanity I hope a few of those idiots don’t turn up to spoil the TYM BB) but we found ourselves in single digits because of that track record. I genuinely think once (as the company stated) the potentially transformative drill and outcomes arrive …. We will be way way higher than now. Nothing that has come out in any way makes me change my view, but equally right now the company can only state facts and try and build the credibility that it to a degree lost over 4/5 years, of inept management.
AIM stocks suffer as there is rarely a conclusion… or rarely a pleasant one. Dilution kills the PI but with the right scenarios/ potential income streams in the future and JV’s some get through the perennial raises to survival and rerate north. I just think this is in the best two or three out there to achieve this.
(And at 12/13 it’s an absolute steal … with wait times potentially only a month or so away). As I said at 0.08 .. and again 2 or 3 times since … average down if you are underwater and if you are not, but coming at it from a recent find … well you are luckier than me as I was here a number of years too early.
I do feel it will be worth the wait.