Member Info for bigboyblue

Surely everyone will believe it all. A Qualified Person has put their name to it after all. Oh, it's RM............

RedK. I'd be reluctant to give out someone's unpublished email address, but you can find one for the company at the bottom of every rns. You might even be able to work out an individual one from that.

Unfortunately I think you're right Seis, it's become very tedious reading all this stuff. I'm not on Telegram, but imo there isn't much point in reading this any more. I'll just wait for news.

I'm not going to speculate on the potential upside; you could make up any multiple you like if the news is good enough. I do draw a couple of inferences from Friday's news however:

1. They are short of cash or they wouldn't have paid spangles in shares (but we knew that already)

2. They will need to raise funds at some point but they are not going to do it at current levels (or they would have done so)

3.There are a number of potential catalysts that could see the SP rise and thereby make a rise less painful, and they include news on drilling results in Botswana or Zambia

My own hunch however is that the next major news will be details of a comprehensive drilling programme for this year. I believe that will get the share price moving and I wouldn't be surprised to see a raise at a premium. It can be done, eg Amaroq Minerals recently.

He's 'invested in other shares' but his last 260 contributions (at least) have all been on ARCM. I wonder what the fascination is.

Typo correction: Frangeskides, not with a G.

Https://asiaq.maps.arcgis.com/apps/webappviewer/index.html?id=819ff201b76f44f99b31da7ef630c18e&locale=en

Enuff. Very close. If you zoom in on the map to the southern tip of Greenland you will see that Amaroq (Nalunaq) hold a number of licences including the one nearest to JAY's Disko exploration licence, MEL 2020-03, which is just west of central in the extreme south. Not that I'd put too much emphasis on proximity, bearing in mind there are no roads, but interesting nevertheless. As you have noted Amaroq have cash, although how much they will want to devote to further acquisitions I don't know.

Also in the frame in that general area is Obsidian, a private company numbering George Grangeskidies (he of Alba fame) among its directors.

And sorry to be picky, but 1000DKK is about £114, not £15

Another thing, the exploration commitments were paused and extended twice due to covid in 2020: https://govmin.gl/2020/08/additionally-adjustments-of-the-exploration-obligations-and-a-one-year-extension-of-the-licence-period/ and again in 2021: https://govmin.gl/2020/12/further-relaxations-regarding-exploration-obligations-and-licences-in-2021/

The effect is that although most of Anglo's licences were granted in 2019, year 5 is officially next year (ending Dec 2025). The higher rate per sq km for exploration (year 6) therefore starts in 2026. This kind of information can be found on the MRA website if you go to 'media' and then 'news'. I no longer hold here, but I used to research this sort of thing very thoroughly!

Ashton. Whilst your research on AAL's acreage is correct, I believe you have understated their expenditure commitments. I believe you have worked on the figures in this document at page 7 : https://govmin.gl/wp-content/uploads/2019/07/Application_Procedures_and_Standard_Terms-1.pdf, which states 5000DKK in year 5 and 10,000 from year 6. However, that is a 2013 document and whilst the standard terms are substantially unchanged, the actual fees are regularly updated. The current expenditure requirements are shown here: https://govmin.gl/wp-content/uploads/2023/10/Fees-2023.pdf , so 8620DKK per sq km in year 5 and 17,200 from year 6.

For those who like detail, it may be of interest to know that the Mining Act, which previously existed in draft form, came into effect last month. Happy reading:

https://govmin.gl/wp-content/uploads/2023/12/Minelov-engelskF2901270201901251525.pdf

Agree re the ilmenite, after all you can't get better in terms of access etc than the existing Dundas and Thule licences and it seems they are not that attractive economically. So that suggests he was interested in other possibilities, and he ought to know what he's looking at: 'MESci (Hons) degree in Exploration and Resource Geology from Cardiff University (UK) and a research background in igneous petrology and geochemistry with the Universities of St Andrews (UK) and Durham (UK). Expertise in the targeting and exploration of gold, base and specialist metals, diamonds and industrial minerals in Archaean and Proterozoic terranes, including experience in the Arctic, Europe and Africa.'

I can't imagine he would have considered embarking on such a venture without some potential serious backers, but anyway, it looks like that little project may have been abandoned. Time will tell.

It certainly looks that way. I have found in the past that the map (which still shows the licence as submitted for approval) sometimes lags the actual status by a week or more.

Ashton: I was referring to licence application MLSA 380, applied for on 21st December. Currently the name of the applicant is not shown. https://asiaq.maps.arcgis.com/apps/webappviewer/index.html?id=819ff201b76f44f99b31da7ef630c18e&locale=en

The licence surrounds the Dundas licence and I was speculating that the application could be something to do with Joshua's gross misconduct.

Yes, interesting enuff. 5400 sq km of very inhospitable land and most of it not easy to access. The minimum expenditure required on that under Greenland regs is around £1m for each of the first 2 years, rising to approx £5m from year 3. Presumably Josh (or someone) has a plan.

ITD, I'd like to think 25th Feb isn't random, but then I thought that about 8th December and 2nd Jan too. I agree about the possibility of 'moving parts', but for me the risk/reward balance is no longer attractive so I'm out, having held for nearly 6 years. LTHs should take heart; I usually time these things badly!

Obvs I meant 2.38!

STBS, I think those @3.8 and below are sells. Nevertheless, that's still a lot of buys today. Not all for one big buyer though, they include mine at 11.15 and 11.16.

Duncan Wanblad also due to speak: https://miningindaba.com/speaker-list/duncanwanblad

Jayber, I think there are plenty of holders who have stopped contributing as they are fed up with all the greens! They are probably still following though. We all know Tingo doesn't look good, we all know that junior explorers may raise through placings from time to time, but the prospects in Botswana and especially in Zambia outweigh this (imo). For my own part I don't filter the trolls, I just ignore them. I took another £10k worth this morning.