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Excellent shout Jessso, in fairness
OSV is more of a Roy Slater.
https://en.wikipedia.org/wiki/Roy_Slater
If it's the B in OSB you're referring to Mr Zap re questioning parentage, it's B as in Old School Boycie (not Bird)
(If/when you do go on the Bird payroll, I'll have to assign you an Only Fools and Horses nickname too btw Mr Zap.. I'm leaning towards Mike the Barman at the Old Nags Head for you.... but far from sure ... and still plenty of characters from it to assign to the Inside gang too... if it ever came out in the wash that whichever posters here were in some shape or form on the inside ..
eg 1 I'm reserving Uncle Albert for Captain Bob, just in case :-) ..
eg 2 With some of her model derived valuations for Manica, I was briefly thinking Cruella had a chance of being invited inside too.. but even Mr Colin D Bird wouldn't be able to keep a straight face in presenting those valuations, I soon realised .... and Manica is now sold too ... so I doubt she'll get invited inside now.. if she had been.. early on in her time here, Cassandra would have been a possibility.. but Marlene felt more apt as we went :-)
From GM, I got impression we will get substantial news April, before then possibly an additional licence in Zambia, (or elsewhere sourthern Africa), may pop up
I suppose when CB needs to raise funds he will start the banging the jungle drums. Otherwise the SP drifts downwards as most CEO’s let happen ready for next raise as it’s attractive to lenders to forward sell.
In the meantime the PR team can enlighten us on the virtues of the next ambulance chase.
😂 I’m lucky in that I can virtually live wherever I choose
Hey MtM are you questioning OldSchools dubious parentage now?
Keep em coming my friend 👍
If you hear a knock on the front door soon Mr Zap, it might easily be CB's mate OSB visiting to tap you up to come on pay roll :-)
If it's middle England you live in - Nottingham ringing a vague bell .. but have had a few sherbets .. - then CB will send apologies for not doing this visit in person.. but he'll have an engagement at Newark or Nottingham racecourse that day, purely coincidentally.
Forget about you being 'Colin's Bird' .. Colin's Birdy is a better trade !
>>> I still think there may be a better chance of success on Arc area than ours as AA are overseeing the drilling.
CB mentioning it may well be one of other drillers that make a find first, he likely has similar thoughts to have mentioned it. If so, would no doubt heighten activity to merge with or acquire these relatively unexplored areas. One thing I could offer on the Xtr Arcm debate is that we know xtr have an initial 55% interest increasing to 65% if the exploration buy in criteria is met. Are investors considering how ARCM are positioned in their JV in comparing with XTR.
Unico Minerals hold 30% interest, a 67% subsidiary of ARCM. The remaining 70% retained by AA. So would surmise ARCM actual interest is circa 21% is that right?
But also on top of that is that xtr will not be at the mercy of a controlling partner and are going to be calling the shots themselves on direction, budget and timeframe.
I do appreciate the benefits of the ARCM deal being potentially less risky to shareholders so as always I guess it could come down to personal risk aversion.
Play away? Like GLR eh?
HZ
Fair enough. I was being a tad flippant with my "hope" comment re our drilling
I still think there may be a better chance of success on Arc area than ours as AA are overseeing the drilling.
( I say "ours" as I am still an xtr man but occasionally "play away" for a bit of fun and excitement :)
I recently started buying Glr, they have a good number of ongoing projects that seem advanced. I did think Andrew would also have a few of these as well !
Thanks HZ. I did a lot of research on the area before the XTR and GLR deals. Since then I haven't paid much attention as my copper plays have been dead in the water. Even reading the bulletin boards on ARCM etc too depressing !. Eventually I think the region will come good. But with the economic situation in China dire and the US increasing its national debt by 1 triillion dollars every 100 days, I still wonder whether there will be a 1929 style economic collapse - hope I am wrong !
Some punter on the AA board quoted that something like 7 out of 10 of AA's most prospective targets from all their legacy drilling in the region were within the licence area ARCM had gotten ownership of.... hence why AA JV'd with them, I expect ,,.. but anything can happen in this game, I get..
Hi flipper xtr believes there is scope for the discovery of potentially high-grade Kamoa-style mineralisation at depth and lower grade Kolwezi style bulk copper tonnage that includes Cobalt at or near-surface, so would guess both would be of interest to target to build a resource around.
Hi Andrew fair points all the way as your usual, however the xtr geo team have been given access to AA’s historical data if I could draw your attention to the paragraph below from most recent Zambian RNS
-Xtract now has exclusive access to unique historic data sets generated by Anglo American plc which pre-date any proper understanding of the Western Foreland geological setting and potential. This has enabled a fast-track early-stage exploration strategy on a very cost-effective basis that will save an estimated US$1.5M in direct exploration costs during Phase 1 of the Joint Venture.
There is a good degree more science involved than hope in those early drilling targets
Like others, I own both. Plus AFP etc. Older and Wiser etc might want to correct me but my understanding is there is a geological difference at first shout. The ARC license is (was) targetting shallower deposits whereas XTR is targeting the deeper Kamoa style deposits. AFP covers both. However, given that AA and others are now drilling to much much deeper depths maybe that is outdated.
No fear of Mr Colin Bird selling out of here on ethical grounds, at least.
I'm also in Arc and building a decent position in that
I see both (Xtr and Arc) as the same play in that they are going to be drilling in roughly same area. Same for AFP as well.
A few differences IMHO. AA are doing the drilling and as they are much bigger than XTr I believe their pre research would be much better than XTR so MAY have a better chance of success?? May be but who knows?.
CB seems to be thinking that as the big boys are drilling in that area its not a bad idea to do the same - which could be correct but I think AA are more guided by science than hope??
As I'm in AFP as well I'm buying three lottery tickets rather than one!
One other point re ARC - looks like one of their major investors - Swedish Teacher pension funds, is selling out as ARC does not match their ethical approach. Not sustainably, ethically and responsibly.
This has seen the sp fall massively so some may think this is giving a buying opportunity just before drilling starts??
As Joeman says, both xtr and Arc could end up finding dust...but hopefully not all of them in that area :)
DYOR
AIMHO
Plenty who are in here are in ARCM too, I more and more get.
I'm in both - decently more here than there right now, but I expect to rebalance to approx. equal amounts in both as we go - and I paste here/now what I offered to Andrew re relative valuations of one versus the other over on the ARCM board the other day:
Generally, ARCM at 2p ish is equally as appealing to me as xtr.l at 1p ish.... both meaningfully too cheap on even a moderately bullish forward POC view imho..
In so much as we are now both exploration companies (and assuming that we have to attribute minimum value for BR under the current copper market).
I think ARCM is ahead as their fully financed drilling campaign is already underway, and the additional payments they will be getting from AA doesn't need to go in the ground unless they wish to explore other areas.
Although we know we are getting say £15million over the next few years ... we need to start putting that in the ground to return value.
At the and of the day both companies could end up in dust.
Just my opinion.... and im invested in both
I have no knowledge of ARCM OandW so can't comment.
Or should it be, which is your least preferred, from questionable leaders, each, judged by their past histories.
Both now offer an exploration play on the upcoming hot Cu prospective areas of NW Zambia. Both have links to AA who has expressed a desire to get back into Zambia, chasing large Cu deposits.
But....arguably is XTR better, with a £8mn MC vs £25mn, and an asset in Oz currently mothballed but potentially worth the current MC alone?
Both are cashed up for the initial Phase 1 drilling programs, at a minimum, with significant retained ownership.
Both are highly speculative, dependent on success with the drillbit and their geologists' knowledge, to make real wealth creation that way, and that way alone.
And I think the others were talking about the Cruet drivel not OS Birds.
Time will tell on Manica, gold is UP and going higher.
The choices were the devil or the deep blue sea. That's the corner CB painted us into.
We've gone from a potentially bigger return albeit a difficult one that would cost in the short term to blue sky dreaming in Zambia that AA have already had their fingers in ( ring a bell ?)
My investment here is a fraction of what I put in when CB was telling us that BR would me the making of us all, when it gets back to even CB can take his gamble and stick it.
I not currently supporting anything as CB has had my money and spunked it already, he's not getting any more from me.
Amd as far as the majority shareholders are concerned, they are in the same boat as the rest of us but for more money, they are informed as us when it comes to what CB will find as he doesn't know either.
I'm sitting it out like the rest but it doesn't mean I have to like it.
Meanwhile half a PENNY looms large.
Means it’s time to carefully decide if you want your continued investment to support what is now essentially an exploratition play for now, to see a return if you had previously invested for Manica or evaluated your longer term investment strategy centred around its income.
Before you decide to part company and put your money into your next favourite play, consider that ‘now,’ with guarantees of ‘all’ income to budget activities and meaningfully advance the remaining projects old and new, without the real risk of more serious dilution that will be necessary to buy into the next phase of Manica. At current MC, it will not be achievable regardless. Also, considering the overwhelming majority that voted in favour of the disposal would have certainly meant that take up to raise capital investment for Manica would have not been successful anyway had they continued.
Can all be guided by the interests of the majority shareholders that the company have gone in the right direction.
OSV @16.10 made a fair point.
Nobody knows.