Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Great. Tradeable on IG at last so I did 2 early transactions only to be charged Stamp Duty on both. This share is clearly listed on the AIM market with no stamp duty chargeable and besides the trade I did yesterday on H/L was not charged stamp duty. Now on top of the 36 minutes I spent on the phone to IG yesterday trying to get this share listed on their platform, I have had another 14 minutes today trying to get the stamp duty charge refunded - though so far to no avail as they claim it was not charged even though I can see the deduction on my account.
Yes, I can see that it is listed on IG now, though it still isn't on Interactive, though this isn't a problem as I use IG most of the time these days. Funnily enough I see that IG has got the complete chart for the day, even though it wasn't on there until late.
I actually phoned IG 3 times today to ask them to get this listed. It was very painful as they didn't have a clue what I was on about. I was asked to repeat the name of the company and the ticker numerous times. They were going to email me as soon as they got it sorted but obviously forgot.
This should start to move upwards as soon as it is available on all of the brokers.
These are not yet trading on IG Markets or on Interactive Investor. Someone posted earlier that they are not listed on A J Bell either. I got some on H/L though I did not have much in the way of funds in that account. Can anyone confirm if any of the other brokers ie. Barclays, Halifax, etc have this listed yet.
"The drilling of an appraisal well to approximately 8,000 feet (2,500 metres) is estimated to cost approximately US$1,160,000."
Wow. That sounds very sensible. Even MSMN are quoting up to AUD5.5M - £2.85M - for their farm-out drill in Australia.
I've called IG 3 times to try and get this IPO listed on their platform but to no avail so far. Not to worry though as I have got some with H/L - just the dealing fees are a bit higher. Hopefully when all the brokers get the share listed the demand will pick up - and with it the share price. See below.
The IPO seems to be reasonably priced, considering they are drill-ready including the funding. HE1 IPO'd at 2.84p with 497M shares for a m/cap of £14.2M. HEX IPO's at 10p with 122M shares for a m/cap of £12.2M. On checking I see that HE1's share price rose very quickly after listing despite being little known at the time and was over 8p within the first week of trading for a m/cap peak of over £40M. It then stayed in the 7p/8p range for 4 or 5 months until they started drilling.
HEX appear to have a very experienced CEO in Bo Spears which will certainly be a bonus.
I never quite get all the ramping about Nevada - "the best mining jurisdiction on the planet", "the biggest mines", etc, etc. I know several companies - Tertiary, Great Western Mining, Sunrise Resources, Thor Mining - who have spent years and years trying to prove up resources in Nevada with very little success.
This is now a completely fresh start for Tertiary Mining and I tell you now that if this upcoming drill hits high-grade copper at 2%, 3%, (or a lot higher because '250 million tonnes with a mean grade of 3.8% copper' is just an average over the whole prospect), then the m/cap won't be at £2M for long, nor will it be at £20M for long. Huge potential here.
And as SeisNav has pointed out Tertiary have other prospects in Zambia, though this is the one that is in focus for now with a fully paid-up initial drill campaign.
ATB
This is a very exciting fresh start for Tertiary after all the years they have wasted in Nevada.
The geophysics shows that the mineralisation from the adjacent high-grade copper deposits extends into TYM's acreage. They have a well-funded JV partner, who owns the adjacent acreage, and drilling is due to start by the end of April. I would expect a fairly decent share price rise into spudding and then at least a 10-bagger if the drill hits the high-grade copper. After all the m/cap is only a miserly £2M at the moment.
For goodness sake stop squabbling. This is a fresh start with a very exciting prospect.
ATB
"The Konkola West Project is targeting deep down-dip and along-strike extensions of the contiguous Lubambe-Mingomba-Konkola copper deposits to the west of the Licence and which extend north into the Musoshi mining complex in the Democratic Republic of the Congo. Together these deposits comprise a 15-kilometre-long continuous zone of mineralisation that contained a pre-mining endowment of over 775 million tonnes grading 2-3% copper. Konkola West is located approximately 2,000 metres southwest of the Mingomba deposit which lies between the Konkola and Lubambe mines and which currently has a reported mineral resource of 250 million tonnes with a mean grade of 3.8% copper."
This is a genuine high-grade copper prospect which is made even more attractive with the price of copper rising along with gold and at nearly $9,500/ton
Massive news. Drilling to start this month.
9 April 2024
Tertiary Minerals plc ("Tertiary" or "the Company")
DRILL START - KONKOLA WEST COPPER PROJECT, ZAMBIA
Further to its announcement of 19 December 2023 regarding the signing of an earn-in agreement ("the EIA") between a subsidiary of KoBold Metals Company ("KoBold"), the Company's 96% owned subsidiary Tertiary Minerals (Zambia) Limited ("TMZ") and TMZ's local partner Mwashia Resources Ltd ("Mwashia"), the Company is pleased to announce that:
· The Minister for Mines for Zambia, the Hon. Paul Kabuswe, has given consent to the EIA which provides for KoBold to earn into Exploration Licence 27067-HQ-LEL known as the Konkola West Copper Project in Zambia.
· The Board of the Zambian Competition and Consumer Protection Commission has given its final unconditional authorisation for the EIA.
· As a result of these authorisations, all of the conditions precedent to the EIA have been met and the EIA is now operative.
· KoBold expects to commence drilling later this month.
Patrick Cheetham, Executive Chairman of Tertiary Minerals plc said:
"KoBold has been advancing its drill plans in parallel with the consent process and these approvals clear the way for drilling to start. The first drill site has been selected, the drill contract has been let, drill site preparation has been completed and equipment mobilisation is in progress, with drilling expected to start by the end of April."
"This is a very exciting and potentially transformational time for Tertiary. Drilling will test for deep copper mineralisation in the main ore shale that hosts Vedanta's Konkola Deeps deposit and the nearby Mingomba deposit where KoBold has recently announced it will develop one of the highest grade copper mines in the world."
The management here are blind to what has happened at GCM where a resurgence of interest in their coal-to-power project has seen the share price rally from a low of sub-1p to a high of over 12p. Instead, this lot are still looking for new projects. Pathetic.
No, I was looking and referring to the rise that peaked around 8th August at 3.25p before dropping back to sub-2p. Then the rise to mid-October to around 3.5p when the share price was on the point of dropping back down just before the 'unsolicited approach' nonsense, after which it did drop back down to just over 2p. Then the 2 peaks on the 8th and 15th of December which hit resistance at just over 4.25p before falling back to 3p and also on the 9th of February when the share price was back over 4p before dropping back down to 2.75p.
Apart from the 'unsolicited approach' RNS, which rather erroneously took the share price higher into the 4p to 8p range, the share price has been within the 2p to 4p range for about 8 months now. So it would be nice to get some real news which will take it back into the higher range of 4p to 8p - or higher depending on the news.
Let's hope that this current rise ends with some 'real' news - ie. PSC, volumetrics, farm-out, etc - that will see the share price rise to a new high. So often this share has risen and then stalled on no news and fallen back down.
Unpredictable nonsense here if you ask me. We get a positive RNS (the Pitfield Development Plan) and the share price dips; then on no news it starts to rise; and I thought that this would be a good share to add to the new ISA year but oh, no, it decides to rise first. Adding at 6.5p was far more attractive a proposition than adding at 8p plus. Maybe now the current buyers will be looking at selling them when the ISAs start to fill. Who knows. It's just unpredictable nonsense.
But then I am excited really because as soon as they drill any of these copper prospects, and subject to XTR hitting zillions of metres of super-high grade copper, I can use the rise in the share price to get the hell out of this share for good. Birdie is a waste of time as are all of his minnow largely African-based exploration companies.
Yawn, yawn, yawn.........
'Xtract has an option period of 18 months to earn an initial 51% in the Licence provided Xtract spends US$500,000 in exploration over the period.'
18 months, blimey, what's the excitement?
Exactly. XTR just acquired one of these copper prospects a while ago and that is yet to be drilled. And there certainly isn't anything to get excited about until they do some drilling. Plus they still have Bushranger but nothing has happened there for ages. And Birdie has several of these types of companies, all with lots of exciting prospects but all just about worthless. When will people ever learn!!