Member Info for Ant1986

It's interesting that there are different statuses of bidding area, some applications are showing as rejected and some already in control of the MLC. It doesn't say that about ours, just pending still. No clue how some are drawing conclusions that we've been stripped?

I'd be gob-smacked that ARC/AA went to the market with JV news with the backing of the Zambian government to then have it stripped off them by this review. The review was to get rid of fraud and corruption - some individuals held 40+ licenses and just sat on them. Arc attracted the biggest copper mining company in the world!

Selling has slowed, today, which is reassuring.

Seis, look at the trades and volume today, it does not look good. I hold, imagine a new investor? Looks very suspect. This is not traders in my view. They need to calm the book build. It's too much.

Happy to screenshot my holding if you like!

Just my view. Happy to be proved differently. I hold a whacking holding here.

It's not much, if they want to progress with Botswana, etc.

Can you explain £100k sells in one day at this point another way?

Only my view. I cannot justify increased selling now, unless a cash raise is due. No warrants, far less ambiguity, Cadastre about to open. It's the work of an II in my opinion.

£100k sold today, looks like we will have a cash raise. Maybe JV/license renewal/cash raise in one RNS.

Does seem that way. It's a powerful address, I can hear the frustration and the work the government have put into sort this issues. Mentions understanding around anxiety around the Copperbelt (Mopani Copper Mine) and that the government is ready to announce on that front.

Looks like the kinks have been ironed out.

Yes, it's very clear to me, that he said that the government wanted rid of any company selling the license area as a business, they want to bring in partners that CAN unlock the assets (and tax). Reckon AA fit the bill. Game on.

He got the date right eventually :)

This Wednesday :) Just been announced.

Whoops, fat finger!

*Toxically maligned

Whoever it is has now got 3/4 profiles firing on Twitter and across two different message boards. Same rhetoric across both.

I can't work out if someone has taken a large naked short and the company isn't playing ball, or something else has left them toxicicaly ma

Don't worry, some are trying their best to deter you for whatever reason.

I have a clip of the president of Zambia saying how much he wants Anglo in Zambia because of the great benefit it will have for all. Much like First Quantum. Countries need both foreign direct investment and reward. Only a few weeks ago it was actually suggested the government would hold stakes in licenses to ensure wealth for the people.

Not a clue? Really?? Disagree.

Reckon this is going to be very interesting at open, tomorrow. I would suggest finished and approved means the Cadastre is as good as back open.

That's sooner than I anticipated and means the JV can be signed and the show can begin.

Say goodbye to 3p, that's for sure. I will try and buy what I can under 4, in the morning.

Get in!

For once I think I've timed a top up to perfection!

Thanks for finding/posting.

Apologies, the fourth paragraph should have been at the top.

Gericke: South Africa takes 354 days to issue an exploration right compared with Botswana, which does it in 40 days.

Creamer: We are doing so badly in exploration that we have fallen behind Cameroon, fallen behind Mozambique, fallen behind Zimbabwe. We are hopelessly behind Zambia. We are falling behind everyone. I mean, if you look at Botswana, they can give you a mining license and exploration license and prospecting license in 40 days.

They have got a thing called a cadastre, which you can go to from your desktop and see what's going on. South Africa takes 354 days and normally at the end of it they say to you it has gone to someone else, because they haven't even got a proper record. Now, the proudly South African company that originally proposed the cadastre approach to all these now successful African countries, was cold-shouldered by South Africa itself. South Africa spurned what all the other African states latched on to on the basis that the department could do better itself. We can set up the system ourselves, South Africa said. But the system set up is hopeless. Now, the department called for tenders and they said okay, we will resurrect ourselves. We will set up a cadastre as they call it.

Martin Creamer, publishing editor of Engineering News & Mining Weekly, hosted this Friday by radio anchor Jon Gericke

They put out the tenders and this company which has now helped Botswana and all the countries has walked away from South Africa’s tender, because it can't understand the terms of reference. So ,you know, how hopeless can you get when you fall this far behind? South Africa needs to shake itself up because the exploration business represents low-hanging economic fruit that generates immediate activity in the prospecting field, which South Africa needs desperately.

Picked up more today, have been waiting for a lull. Not often I average down but figure things are on track.