Member Info for bigboyblue

Sadly, your post at 14.26 last Friday has been shown to be false.

https://www.dailymaverick.co.za/article/2023-02-12-copper-rich-zambia-is-a-breath-of-fresh-air-for-foreign-investors/

Not sure what Disco is on about. The figures he's quoting appear to relate to the shares issued on 5th March 2021 (35million shares at 35p). Shurely shome mishtake, no?

Agreed. For a brief RNS I thought it was reassuring for a number of reasons. Firstly the deal is very much on, secondly the terms are as previously announced and thirdly I was pleased that Nick saw fit to mention the progressive reforms in Zambia, which bodes well for the future.

As for the 'teletubbies', you have to bear in mind that some people aren't investing just for the next few days.

A very reassuring update imo

Well that's quite some dilution announced today. Fair enough if that's what is needed to see the company through to break even, but what a shame that the BoD apparently didn't foresee the need for this less than 3 months ago when the share price was around 15p.

A report on Duncan's address at the Indaba. https://www.news24.com/fin24/companies/sa-at-crisis-point-and-losing-its-head-start-in-new-rush-for-metals-warns-anglo-ceo-20230206

All SA focussed

Helpful F79. The only thing I would add is that the licences can't be in the name of the JV (yet) because, as the original rns stated: 'UPON SIGNING of the Joint Venture Documents ("Effective Date"), a Joint Venture vehicle will be formed'. the JV doesn't exist until then. Maybe it will on Monday!

Dundas has been undergoing optimisation since June 2019; quite a long time (see the rns dated 27th June).

$7m was raised in March last year to complete the optimisation and feasibility study (see the rns dated 24th March 2022). In that rns it was stated: 'The Company will commence works at Dundas this forthcoming field-season to complete the necessary engineering, geo-technical and planning activities, including evaluation of an optimised mine schedule for production.'

Since then there was a brief and vague update in the interims in September when it was also stated: 'We expect to provide a further and fuller update in Q4 2022'.

They may have expected it, but personally I didn't. For transparency, I am a former investor here who lost money, so call me bitter and twisted if you like, but imo the record of non delivery here has been truly remarkable.

Agree re Rothschilds. You don't employ a company like that to do a job and only let them loose on part of it. I reckon Rothschilds have been closely supervising this all the way.

Me too F79 (and for the other copper play that we're both invested in)

This looks like good news: https://www.lusakatimes.com/2023/01/30/the-signing-of-the-lobito-corridor-transit-transport-facilitation-agreement-to-unlock-the-business-potential-along-the-corridor/

The narrative will change shortly ie "they haven't even started drilling yet"
Then, when they have, it will be "why no assay results yet; they must be poor"
Then when the first assays are announced "that's not enough for a mine" etc etc etc.

Agree communication has been lacking recently but I think we should all understand why. I'm sure that after the announcement whenever it comes, NvS will update fully, including future strategy. I'd expect a phone in within a week or two of the JV announcement.

re my last, this link works I think: https://www.facebook.com/people/Ministry-of-Mines-and-Minerals-Development-Zambia/100069261307422/

https://twitter.com/ZambiaMines/status/1615969826631213057/photo/1
Minister of mines is due to speak on radio in 5 mins from now. Maybe of interest (or maybe not of course)

Personally I dislike abusive posts, of which we see all too many on this and other boards. However, Fulmar has been carrying out a rearguard defence of this company's share price over a long period of time against persistent attacks. I for one am not going to 'forgive and forget' those who have sought to ruin our investment here. As far Fulmar's politics I neither know nor care what they are, as they are of no relevance to this discussion.

Interesting article on how Zambia might benefit by reduced taxes on mining, through non tax benefits. I imagine the more enlightened players are already planning accordingly: https://theconversation.com/climate-change-action-could-set-off-a-copper-mining-boom-how-zambia-can-make-the-most-of-it-195764

As far as I'm aware it has never worked, or if it does it never generates a reply. The former Exec chairman would reply to emails, don't know about the new one. Kevin Sheil is a very good bet for replying to sensible email enquiries.

Exactly as Barnard says. HL replied as follows: 'You can instruct the transfer of stock from your HL Stocks & Shares ISA into your HL Fund & Share Account by sending us a secure message. In the instruction please state the name of the stock and the number of shares or units that are to be transferred across.
Please also confirm that you understand that once money/stock is withdrawn from your Stocks & Shares ISA it cannot be reinstated and you will permanently lose this portion of your ISA allowance. '