Member Info for aprogerson

@Alyhels Nothing to do with GWMO it is a legal requirement (TR1) for investors passing certain shareholding thresholds to declare their holdings. Look through the RNS listings on LSE you might spot one or two others there as well.

Possibly @slippery I've no idea if the ASX 'rules' will allow it as the prospectus has already been issued. Guess we'll see soon!

From 15-Nov-20 for the Newbies ...
Summary of what I think we know & why from multiple RNSs, Podcasts, interviews & presentations:
ARCM: http://s2.q4cdn.com/256050873/files/doc_presentations/2020/11/201109-Arc-Minerals-Presentation-NOV-2020.pdf
Mining Weekly: https://m.miningweekly.com/article/zambia-copper-explorer-has-exclusivity-agreement-with-anglo-american-2020-11-08/rep_id:5582?__twitter_impression=true

(1) Exploration Licences = 100% Zambia focused licences namely Zamsort @66% & Zaco @72.5% covering 872 km2 prospective for high grade copper BUT no JRC compliant assets =ARCM 2020 Annual Report
(2) AAL Exclusivity Agreement = 6-month Due Diligence on all licence area data & AAL actively involved in advising ARCM on current ongoing drill programme led by David Wood Discovery Manager, Zambia for AAL. "depending on the outcome of this review, AA has the right to either extend the agreement and/or enter into a commercial transaction for the development of certain or all of the targets on our licenses." =ARCM 2020 Annual Report
(3) Strategy = generate Shareholder value "...we identify, on an opportunistic basis, as many key targets for a partner to come and develop them, either exclusively or jointly with us ... spending $4m to $5m per target." =NvS Intaba interview
(4) Exploration = significant soil sampling and modelling to inform 17km of drilling at cost of $3.5m over 14 stated targets =NvS Intaba interview & RNSs
(5) AAL Knowledge & MO = AAL explored Zambia in 1990s with 9 of their top 30 targets in ARCM licence areas & David Wood is their stated expert in Zambia. AAL are not adverse to taking equity stakes or JVs. =Targets #1 to 7, 11 & 16 Ref: Anglo-Equinox Target Ranking List 1999 ... thanks SH
(6) One or more Tier 1 Cu assets: NvS / ARCM assertion only as have no JORC compliant assets confirmed
(7) Other Interests (multiple RNSs refer):
> Sturec = 1Moz gold mine in Slovakia sold to MetalTech. with rights to further cash subject to JORC uplift results. ASX update http://www.metalstech.net ... update on ASX 8-Dec-20 applies! ARCM get cash if over 1.5Moz asset
> CASA = JORC compliant 3Moz Akyanga gold mine sold, but retain $5m CLN and 3% NSR to $45m revenue, subject to approach by MEDR with all script offer of £4.56m at circa 26% premium to CLN & 3% NSR retained. Is RTO so will need 65% shareholder approvals

ARCM Options for part or whole of any licence or 'project' within these licences:
(A) Outright or partial sale to one or more 3rd parties
(B) 3rd Party %Earn-In to take project/s to DFS and JORC compliant asset status at no cost/risk to ARCM
(C) 3rd Party Equity stake in ARCM for cash so ARCM can take to DFS and JORC compliant asset status at ARCMs cost/risk
Note: a JV is only viable if meaningful equity stake retained by ARCM post DFS and asset/s are economically viable

I've purposefully tried NOT to add any personal views or comments!
APR

Lovely just topped up while we wait.

@alyhels At least I post what I think, why I think it and relate it back to something tangible where possible, reference it where practicable and invite comment / discussion.

You however do not, but instead choose to make lots of assertions which myself and others then go an investigate so we can post our findings here hoping for a reasoned discussion with you. Alas you do not seem to value or recognise this and prefer insults instead which is entirely your prerogative, just don't continue to feign surprise when you continue to upset PIs on this BB with your belligerent rhetoric.
GLA APR

ASX update overnight with MetalTech posting more excellent drilling results making an upgrade from 1Moz to well above the 1.5Moz payment threshold to ARCM now very likely albeit in due course. http://www.metalstech.net/asx-announcements/continuous-high-grade-mineralisation-intersected-sturec/

Note: Sturec = 1Moz gold mine in Slovakia sold to MetalTech. with rights to ARCM for further cash subject to JORC uplift results to above 1.5Moz asset.
AIMHO APR

@alyhels As you well know there is a HUGE difference between:
(1) inept/incapable/shocking as you are arguing based on pre-Nov-2019 performance and Copper strategic focus
(2) 'could do better and/or more' as myself and others on this BB are arguing based on post Nov-2019 performance and Gold/Silver strategic focus.

I repeat (yet again) no one is arguing that the BoD fluffed it up pre-Nov-2019 leading to a heavily discounted Placing, new BoD and New Gold/Silver strategy. However IMHO, it is highly disingenuous to continually conflate the 2 scenarios and somehow present Pre-Nov-2019 performance as current performance.

In my view the BoD are doing what they set out to do and delivering against it. I and others have been critical on this BB that they could be more aggressive with plans and communicate better via RNS and presentations. That said they have issued a Company Presentation in Sept-20, raised £1m cash for an accelerated exploration 2021 programme in 2021 (RNS 18-Nov-20) and recently engaged a PR company to help them .

Yes definitely 'could do better' but not sure how that is in your words a 'distinctive mess and uncapable' or 'incapable of running a company' or a 'shocking outfit' exactly ... perhaps you could explain?

As myself and others keep repeating GWMO is a Junior explorer which makes them a high risk/high reward proposition ... if that doesn't suit your risk appetite please invest your money elsewhere and take your unsubstantiated dire warnings and/or fears with you.
APR

Nice spot @Scotty https://www.angoldresources.com/ you will then need to register to obtain the company presentation

I read it and thought I was missing a couple of pages (!) so not sure what Walbrook is trying to achieve that GWMOs Sept-20 presentation doesn't do considerably better. http://www.greatwesternmining.com/

Copper may be the other metal 'Du Jour' but be aware that the M2 Copper Project although JORC compliant with Indicated and Inferred Mineral Resource of 4.3 million tonnes at 0.44% Cu, for 19,000 tonnes of Copper is not World-Class as it stands, but could be subject to spending a lot of money drilling out the Shark Tooth and other potential targets to increase the size and particularly the grade of the resource before it becomes economic.

GWMO presentation sums it up their strategy as "Develop substantial copper potential through introducing new industry partners with access to technology and large scale finance"
AIMHO APR

@GoingToTM Tell it like it is !

@tabither IF you really want the nuts and bolts analysis go look at my detailed explanation around 15-Nov-20 otherwise please go through my earlier summery post today and/or Rincon Prospectus. Anyone here will be happy to explain

So REALLY boiled down
Pre-IPO announcement = 28.4% and a CLN
Pre-IPO = 8.55% once we knew IPO was over-subscribed by A$6m fundraise
At IPO = 8.55% plus whatever %allocation we can been allotted due to over-subscription as we do not know what £££ GUN asked for or basis for IPO allocation
... then the fun begins!

@fools On the plus side they seem to be listening and doing something about their indifferent comms. I signed up for the WP newsletter on GWMO and left some comments that I hope get back to GWMO.

Confirmation that Technical Analysis stage is complete and moving to "due diligence queries in respect of the Zamsort and Zaco companies" is welcome news and entirely to be expected as both have large % stakes in the licences alongside ARCM. After all if you are going to do a deal it is always good to fully understand who exactly you are dealing with and what agreements may be in place between them concerning said licences.

Updated from my 13-Nov-20 post:
Rincon has 3 main projects: @ https://www.rinconresources.com.au go to Investor & then IPO Prospectus
1) Hasties & Westin: 524km2 licence areas prospective for Copper & Gold @p22-24
2) Laverton: 48km2 licence areas prospective for Gold @p25-26
3) Kiwirrkurra: 126km2 licence areas prospective for Copper & Gold @p26-27

Primary focus is on Hasties & Westin with near neighbours Greatland Gold, Antipa, Artemis, and Wishbone all vying for the next big thing after Havieron. We know both Antipa and Greatland now have JVs with NCM to feed ore into the giant Telfer facility that currently has less than 4 years LOM and NCM are desperate for new ore source to reduce their low head grade & $1,281 AISC (ref p12 NCM FY2020 results presentation @https://www.newcrest.com)

The Hasties & Westin projects have been previously explored by NCM with 22km+ drilled and over 200 holes at Hasties 12km from the Telfer plant with some long, shallow and high grade intercepts as follows:.

Gold Intercepts:
o 57.80m @ 2.05g/t Au from 17.40m including;
o 16.10m @ 4.75g/t Au from 42.70m;
o 68.00m @ 1.33g/t Au from 1.00m;
o 36.00m @ 1.66g/t Au from 2.00m;
o 33.20m @ 1.46g/t Au from 25.00m;
o 23.00m @ 2.06g/t Au from 23.00m; and
o 5.00m @ 3.73g/t Au from 50.00m.

Copper intercepts:
o 20.60m @ 1.23% Cu from 87.60m;
o 10.90m @ 3.39% Cu from 91.80m; and
o 4.00m @ 4.84% Cu from 49.00m.

IPO details ... what you need to know!
> Rincon ASX IPO prospectus: http://www.rinconresources.com.au
> IPO on ASX @10-Dec-2020 at A$0.20c and heavily oversubscribed fund raise for A$6m or £3.7m
> Rincon A$6m cash fully funds 2 years of exploration across 3x projects focused at Hasties & Westin licence areas
> At IPO RINCON = 52,194,536 shares of which 30m are 'new' shares
> GUN = 8.55% (4,461,943) based on existing shareholding & largest shareholder pre-IPO ... cost=£192.8k !!!

GUN Cash & Strategy:
> GUN raised approx £1.1m new funds in early Dec-20 plus £500 existing cash funds & aims to maintain at least 15% holding in Rincon post-IPO (P Ruse podcast) https://www.share-talk.com/peter-ruse-director-gunsynd-plc-gun-l-interview/
> A 15% shareholding will require an additional 6.45% or 3,367,237 shares @IPO A$0.20c for £370k cost

What happens Next?
Step (1) GUN will be informed how many shares it has been allocated @SP A$0.20c from IPO fund raise
Step (2) At Rincon IPO expected 10-Dec-20 GUN will be able to buy additional Rincon shares on the market

My Commentary: At IPO GUN will hold 8.55% of Rincon so to get to target 15% will need to spend £370k @A$0.20c for a further 6,45% BUT as offer over-subscribed we will not know final % until it is announced. GUN has considerable cash to hand to fund additional share purchases hence the recent placing (RNS 13-Nov-20) confirmed by BoD 1-Dec-20.
AIMHO APR

@TSP please feel free to pull up my and others posts here in GUN investments, cash position, asset values, potential newsflow across their other resource sector investments.

Sorry @TSP that is Rincon Lithium not Rincon Resources for Mining across 3x Aussie copper / gold projects ... check https://www.rinconresources.com.au/

@JJ With the recent GGP bounce from 23p to 32p after the JV announcement I'm sure some will park some of their profits here particularly as they know the area and prospects particularly with NCM aggressively investing with JVs with both Antipa and GGP with Haverion & Black Hills. Let's not forget Rincon Hasties prospect is only 12km from Telfer vs. 40km for GGP. Hasties is at or near surface and Haverion is under significant 200m+ barren cover.

The clincher for me is that Rincon will be £5.75m MCap at IPO, but not for very long ... even Wishbone is £13.3m with 120m+ of barren cover and 2x historic drill holes (no assays) vs. 24km drilling at Hasties with high grade intercepts over long intervals from surface.

Hasties Gold Intercepts:
57.80m @ 2.05g/t Au from 17.40m incl;
16.10m @ 4.75g/t Au from 42.70m;
68.00m @ 1.33g/t Au from 1.00m;
36.00m @ 1.66g/t Au from 2.00m;
33.20m @ 1.46g/t Au from 25.00m;
23.00m @ 2.06g/t Au from 23.00m; and
5.00m @ 3.73g/t Au from 50.00m.

Hasties Copper Intercepts:
20.60m @ 1.23% Cu from 87.60m;
10.90m @ 3.39% Cu from 91.80m; and
4.00m @ 4.84% Cu from 49.00m.

Ref: Rincon IPO prospectus https://www.rinconresources.com.au/
APR

GUN price broke previous high of 1.48p yesterday and has breached top of uptrend channel (resistance) today at 1.92p established May-20.

IMHO if the price closes above 1.92p today then this should become price support and is very bullish particularly with the oversubscribed Rincon IPO to raise A$6m (£3.7m) to fund 2-year exploration near Telfer, WA expected on or around 10-Dec-20.
APR

Looks like a number of PIs positioning for ASX IPO of Rincon over the next few days