Member Info for Benhowell459

When you click on the actual Pfizer study link, you get some interesting information. Just out of curiosity so we can possibly manage expectations re timings.

The start date for the phase 2 trial is down as December 2019.

The actual end date is 10th January 2022. Final update is July 2022.

Tim did say that it would take a while to analyse results for the phase 1 trial and this gives us some idea of how long that may be.

I'm curious about the December 2019 to January 10th wait though. Does anyone know if Phase 2 trials are different lengths to phase 1?

*bid (not a great typo!)

If they are struggling to find sellers, they could always raise the big. In a functioning market, that's would be happen. Always annoys me when simple principles of supply and demand should work but MMs drop when they want and hold things back etc.

Howezap, I think you've hit the nail on the head there. As I mentioned yesterday, Colin didn't seem to see deep drilling as a priority, even when I mentioned many are excited by the prospect of an IOCG. I doubt that's because he's not interested in it. It took over an hour to get onto Eureka after Manica and Bushranger chat and those are the company priorities. Also, others may correct me if I'm wrong but I believe he said we are a little "constrained" at Eureka. He also definitely said that defining an IOCG takes a lot of drilling and would take a long time. He was adamant there are IOCGs in Zambia but I don't get the impression it's a short term priority to find one at Eureka - the lack of update over the last 11 months seems to support this conclusion.

Definitely not number 2. Mixture of 3 and 4 perhaps. Good to meet Millsy and James and a couple of others. Nice to meet fellow holders.

I'm sure Steve and Millsy will have more to report. By the sounds of things we may get a full report with estimated resource for both Ascot and RC by October. Other projects in the pipeline. Not much interest in exploring Eureka much further by the sounds of things although they are actively trying to get 12 months of material out of it. By the sounds of it, Colin is OK with moving AA along or perhaps he knows they won't be too interested. Better to have more than one customer - are there some waiting in the wings?

Had a good chat afterwards and lots of questions remain - of course Colin can't go into too much detail. Retold his story of how quickly the sale of Kalumbila went through.

I'm sure others can report more / clarify my initial thoughts. Have had to write quickly as off out again.

The huge difference between results released quickly due to good gold levels and results released slowly is becoming pretty obvious and tedious. We need to have some standardised reporting mechanism. There cannot be such disparity - as Andrew points out the gap has reached maybe 8-10 weeks between good and bad news. It just makes us look manipulative and like amateurs.

Meanwhile the inevitable slide from 4.5p last week to back under 4p continue in earnest. Essentially due to profit taking but they are profit taking due to no other foreseeable short or mid term sale/transaction. We were told this was not going to be a death of a thousand lashes but it's now looking that way with a phase 3.

Priorities for Colin tomorrow.
1. Can we come across like a more serious professional outfit with release dates set in stone.
2. Can we actually advertise that we are a profit making, gold producer in a time of high inflation. PR is woeful currently which affects sp and our bargaining power in conversations.
3. A clear vision about timelines. What is the actual plan and how long. We've know since the June 2020 PowerPoint that there were anomalies (it's still a document I refer back to and two years after creation it's still the version on the website -no interest in updating it?!) - Footrot, southern intrustions, daisybank etc. So if we knew there was incredible potential for more porphyries, why give us hope of a quick turnaround / quick update to models.
4. What is happening to Eureka. Dirt was being trucked months ago. Is this going to bring any money in?
5. Will we drill for IOCG @Eureka?

I will be attending tomorrow - my first AGM so mainly in spectator/observation mode. I'm hoping some more seasoned investors will be able to get answers from Colin on the above and more.

15% up driven by 7 medium to large trades. (Around £10k+).

3 of 250,000, nice round figures. Someone accumulating? Imagine what could happen if Colin releases some excellent news or we enter negotiations. I would hazard a guess we have more than 35 trades and more than 7 large ish buys.

NTM - completely agree! Even if we do discount our African assets, the market caps are skewed. But also perhaps does it hint that Colin could do more to advertise our assets and gold income?!

Thought I'd have a quick glance at Caravel's porphyry resource JORC. It's assessed as 2.8MT inferred at a..... 0.1% cut off. Only 1.67MT when using a 0.25% cut off. Using the cut off that Xtract has been using, 0.15%, it's at 2.45MT.

Interestingly, of the 2.8MT at 0.1%, only 287,300 is measured. 1.2MT is inferred.

I think xtract's resource will be smaller than this ultimately. (Who knows with a phase three?) Their resource is also pretty shallow.

In our favour, however, is the fact that as far as I can see, they don't have a run of continuous copper. We have 900m@0.3%, while their greatest stretch of mineralisation was 196m.

Comparison of market caps:

Caravel 94 Aussie dollars = 54m GBP.
We are currently 29m GBP.

One last point, they do not have 10m GBP income per annum like us (touch wood).

Here is the website for the Diggers and Dealers event currently taking place. ( https://www.diggersndealers.com.au/ )

We are not on the programme.

Not sure what Ella is on about. Why would rumours be flying for a company not appearing at the event, when there are 50 others vying for attention. Would love an explanation of such a (currently) unfounded comment.

Joeman, I would agree that it would seem logical to sell Racecourse and continue exploring Ascot and Footrot. However, I do believe the buy back option is for the whole of the licence which includes the above. Hence the danger of selling us short and missing a potential cadia etc.

Thank goodness for Empress getting involved and giving this some impetus in the last 18 months. They also do know how to do PR...

Well that's frustrating. Just as we had a little swing to the upside. Why would you sell at the bottom though...

Ted no longer interested in banging on about one of his copper plays on the moon or half way up Everest so tries to insult.
"Tries" really is the operative word here - how does being a woman in any shape or form lessen howezap's argument. Ridiculous. Join the rest of us in the 21st century or you might lose your ability to use multiple accounts...

Would very much prefer 15p+. 20p ideal.

Fingers crossed we are very clear about direction by the end of the year.

I have been watching with incredulity over the past few days. It is calming to hear from you Steve about the MM forced drop. It was too tempting not to take one final final top up this morning - annoyingly someone took 19k just before and pushed the price up. Only 15,000 but it pushes me over the 500k mark (shares, not value!)

Hope everyone is keeping cool/enjoying the sunshine.

James, I remember reading the RNS and seeing I differently.

It has 152m @0.14% Cu. There are intersections above that although Colin's conclusion that 'there is a long interval below viable grade' still fits with our 0.15% cut off due to this intersection. We can nitpick about Copper Equivalent but adding gold to the mix complicates matters, both in terms of value and processing.

I'm not entirely sure we can conclude our viable grade has gone up to 0.2% as a result of this hole and his subsequent comment but it may well have done.

I asked a question and you replied with a question and called me delusional.

Thanks for your respectful reply.

Question is, will our SAR social media lads switch to GSK to remind them of what they have?

GSK have 237k followers on Twitter, however recently most of their posts have received less than 20 posts and 0 replies. Will be a visible presence if they do start it up. Maybe they'll give them a bit of time before they do..

Someone else will know better than me but wasn't it the name on the patent for the crystallization in tablet form? There were 4 (?) Names on there, one being a director at that company? I may be way off but that's what I recall the company as...

Absolutely Flipper, 55 replies discussing a variety of issues over the last 24 hours. Thank you to all who have contributed - goes to show this is one of the best AIM boards out there. A real mixture of opinions - some offering thoughtful stumbling blocks/criticisms and some more patient /positive offerings. Over on Cobra, I posed a question (about an RNSd update that day) and got 0 replies! All replies here very well laid out and based on previous experience/excellent knowledge.

Further to my mutterings last night, I guess AIM can occasionally be frustrating and Colin's wild optimism can exacerbate that. As others have said, if Colin's deadlines are delayed because we do not want to under explore the licence this is a positive. I hope this is the case. I continue to hold and wait for the endgame - like Andrew I feel this will be 2023 now. Bring it home Colin.