Member Info for Benhowell459

Interesting point about the tax liability being in Oz or UK. If we keep hold of some of the other (completely unexplored) licences, presumably the tax will be liable in Oz and we can claim back the exploration losses from this current tax year. I would like us to survey the other licences to see if there are other porphyries out there but maybe CB is thinking AA will reject the buy back option then we sell Prospect Ore to newcrest /another major for a complete package and keep things simpler.

Just a quick question. I've not been to an AGM before - what information do I need to prove I'm a shareholder and gain access? I emailed my broker over a week ago and they are being very slow.

It's a good question BCB. XTR at 50m or Cobra at 6m? Panther at 10m? Greater downside for Xtract perhaps but I guess XTR at a different stage. Junior miners always have a risk of a raise (See ORR, BZT) to fund exploration but 5-6m in the bank currently plus African income 300k/month (?) will reduce this risk.
IOCG target in Mozambique too which is further on in the drilling process than Cobra, despite them having 6 targets.
Buyback option with Anglo American proves there is interest in what Bushranger holds. 2MT is the level they decided might tempt them to buy it back. Phase 2 drilling has so far indicated there may be way more than 2MT. CB sounds fairly confident on this and drills way outside the current JORC have been 700-800m long. You don't keep drilling if there isn't any copper!
To conclude, XTR just further along than other Juniors and with a definite option to buy back our principal asset. Very exciting times.

BCB, I'm also in cobra (sleeping giant) but that is dormant until the next drills start. XTR are currently half way through our drilling campaign with assays to come bi weekly over the next 3 months to prove width of the ore body or outright extensions (holes 13/14/17).
This is no sleeping giant; it's awake, and the market may just about be starting to understand this monster.

That's a lovely long intercept and really adds width to the resource. We know we had a 900m long line with the first drill in phase 1.
Hole 9 is virtually perpendicular to hole one so this is all about adding scale to the ore body. Cracking result. Really looking forward to 13 and 14 which would really prove we have a monster way beyond 2MT....

Thanks for the breakdown cyber. It all does beg the question why the need for warrants. We do seem to have a much better cash position and income than most junior explorers. Actually I would be very hard pressed to find one better. Hence why I'm invested here so heavily (arguably too much) I guess!

I agree with you Joe, Steve and Andrew. The way things are shaping up (melon rather than avocado), this is looking bigger than 2MT, especially when you look at the south east IP images. I think Colin has disregarded Footrot and I'm OK with that as we will have a huge system with just Racecourse and its extensions, IE 3-4MT+. I'm keeping my fingers crossed for 40p+ if we can prove up 3MT. Results for hole 17 and the subsequent ones in phase 2 will be crucial for this though...

I think the best place to go for information about Bushranger in general in the original presentation from April 2020. Much better put together than anything more recently.

Page 8 and 9 point out that an IP survey has been done previously along the 10km strike. It indicates an anomaly to the SE of Racecourse was already known about in early 2020. IP from Footrot also shown on page 9.

I've also had a quick look at the July 2020 company presentation. What I find interesting is what a difference a year makes. Bushranger first mentioned on page 13 of that presentation after Zambia and Manica, etc.

Hope everyone has a good evening tonight with CB I'm busy playing a mixed doubles tennis match but I'm keeping my fingers crossed a few of you update us on here as to Colin's enthusiasm and key points! Hopefully will catch a few of you at the AGM in 11 days time.

Ella, judging by that image we have two anomalies, one to the SW and one to the SE. Pins only going into the SE though. Is it too simple to think that they're targeting the red bits?

*poke

Docit, I think it's more comforting for the potential buyer who won't need to worry about applying for ownership until 2024, by which time they can maybe prove the progress they have made. Every year applications are a bit annoying too.

The thing I took from this is that holes 20 and 21 are still going!!

Also great news that we're going to properly pole around the south east anomaly.

Thanks millsy - good to have a bit of added info from the RNSs for support on this. Very excited to see what these holes look like, and the subsequent model we hope will be made public.

Note: This is probably best read alongside the Drill plan PDF.

I was thinking about which drills I am most interested in receiving the assays for, and therefore which might have the most impact on the SP. They are in order (imo):
1) Hole 14
This doesn't even start close to the edge of the JORC area in the South East corner (best guess maybe 100m outside) and drills AWAY from the JORC to the east. This drill was 822m long, all of it outside the JORC!
Geophysics said this could be a new zone, and you wouldn't drill for 822m unless you had found something. I'm very excited to find out what.

2) Hole 17
Hole 17 is interesting for two reasons. I think they decided to do 17 where it was because of the content of 15. 15 cuts across the ore body to the north east and extends slightly out of the JORC boundary. 17 starts right on the NE edge of the JORC and was drilled 621m, therefore 550m at least outside of the JORC.

3) Hole 18
This 732m hole is around 2/3 outside of the JORC to the North West.

4) Hole 13
Starting from pretty much same location as 16 but this starts around 600m south of Hole 1 in Phase 1 (which went north), ie this was the first of any of our drills in the southern half of the JORC. Extending for 855m, around half of which was outside the JORC boundary.

So those are the 4 drills I am most interested to hear about, the first of which is 13. The others prior to that (10, 11 and 12) are more infilling/ targeting the high grade crown and best guess is they are around 90% within the JORC boundary.

Good luck notalot! All the very best for today and the chemo process.

RNS after 6pm? Not seen that before.

My guess is it was supposed to be released tomorrow however this morning's slip up was noticed and needed to be rectified asap on the same day. Could be completely wrong though...

Hopefully we get an interview tomorrow and he can explain more about next steps.

Why would you go to the DRC when you can have 2m tonnes + in Oz for £400m. Throw in another 100m and they can have Manica and Eureka too

My first share was Desire Petroleum. Next again investing in explorative oil companies!!

James, Millsy, thanks for the confirmation I wasn't going mad. Jwoz, looks like there will be another RNS today or tomorrow then. Seems someone has maybe uploaded the wrong PDF version. We've all been there haha

Assays for hole 7 on the top left of the drill plan I mean...