Member Info for bluesky687

a very valuable RNS. hopefully further to follow soon

seemingly under the radar

...see Congo mine law offset by price, high grades

http://www.mining.com/web/cobalt-explorers-see-congo-mine-law-offset-price-high-grades/

“We have to factor in the new code,” said Serge Ngandu, president of the Congolese subsidiary of London-based African Battery Metals Plc, a company with a cobalt exploration permit. “It should be viable because the DRC has got almost 60 percent of the world’s cobalt resources and it is cobalt which is easy to process.”

from ECO RNS (today) "As the processing of the 3D seismic data nears completion, we are working with Gustavson Associates out of Boulder Colorado who we have retained to complete a compliant resource estimate and report for the block to help us and our investors better understand and gauge the defined potential and risking. This is no doubt a material advancement opportunity for the Company and we will continue to take a comprehensive and conservative approach through the interpretation process and defining of our targets for drilling given the significant potential of this block."

who knows :D markets are unpredictable these days. but I also think that junior explorer / miner constitute some good opportunities these days as well. plenty companies out there worth to be looked at. some take the risk some don't. this can't convince everyone esp. former SULA shareholders, but risks and decisions must take everyone on their own. time will tell as always

and regarding Kisinka (as taken from ABM's website) "Shallow mineralisation makes for low cost exploration (trenching, pitting, etc.) and potential for near term small-scale mining." this indicates to me that soe return can be made at ealry stage of development. but I didn' t ask the company about that. it is just my interpretations on this.

depending on actual assayed results from Kisinka, I'm sure BOD will be able to adequately secure funding when necessary. and if you worry about the requirement of funding / capital raise / placing etc. then why are you posting on this or any other BB of AIM companies?

the RNS is clear - no indication but clear statement(s) - so what is your interpretation on what?

SP Angel posted a squawk about ABM 12:37 20 Jun African Battery Metals* (ABM LN) 0.033p, Mkt Cap £2.1m – Interims highlight new direction into Cobalt and other battery metals • African Battery Metals reports administrative expenses of £881k for the six-months to end March as the company moves to explore its cobalt property in the DRC. • The team also continue to evaluate new opportunities for future exploration and potential development in lithium, copper and nickel. • The company ran up a total comprehensive loss of £967k vs £698k yoy for the period on Net assets of £6.09m vs £7.15m yoy. • Kisinka: ABM are currently focussing on cobalt exploration in the DRC through auger drilling for surface sampling on the Kisinka license • Samples have been sent for analysis with the results intended to direct the next round of exploration to narrow down on the source of cobalt and copper which is being artisinally mined from surface diggings. • The company is using geologists from its major shareholder, Madani Minerals, at site in the DRC. • Sakania: the team are also to explore the Sakania license which is ‘currently being targeted by artisanal miners who very frequently provide the first evidence of mineralisation. • Sakania represents a low-cost option to be a first mover in a new prospective area.’ • The team recently initiated the second US$50,000 tranche of its committed US$100,000 payment to acquire 70%” of the Kisinka licence from Mr. Ndobo Mwamby • Ferensola: the team have a better understanding of the deposit’s potential and are looking to farm-out the project. *SP Angel act as broker to African Battery Metals

ABM a dedicated, focused and integrated company. uniquely positioned vehicle supported by us shareholders. also happy to be holding. looking forward to further announcements to come up. GLA

everyone gone?

i bought in recently. GLA

I truly hope that all those sells just went through to fill some bigger buy order. If not then I hope to get those assayed results very soon. usually i dont give a ... about fluctuation, but today was hard to ignore

Been watching PREM for quite a while now. Was tempted to buy earlier this year but didn't, so I bought some last week. Not repeating all the stuff already mentioned here, just good luck everyone and hopefully that so-called imminent' becomes reality soon

step by step - from last RNS... At the 53 km2 Kisinka Permit PR12728 ('Kisinka'), located in the Katanga Province of the Democratic Republic of Congo ('DRC') (the 'Licence'), the Company has completed two auger programmes that collected soil samples along lines across this 7-8km long licence. A number of the resulting samples, after bagging, collation and preparation, are being sent to an independent laboratory in Johannesburg for assay. Subject to customs clearance these should be dispatched by 15 June. Assay results will be announced as soon as they are available. This initial work on the Licence, which is c.40km east of the city of Lubumbashi, will be followed up by a licence-wide sampling programme including geophysics and soil sampling to test for further anomalies in what is recognised as a highly prospective mineralised district, with seven producing cobalt/copper mines within 30km of the Licence. 15th of June should be today - so let's wait for the assayed results next

ECO RNS from April... "Delivery of the final Seismic Data Report to Total pursuant to the farm-out option agreement announced on 26 September 2017 (the "Farm-out Option") will be delivered once completed and the final product has been delivered from PGS. A further announcement will be made on delivery of the final report in due course. The Company has been very encouraged to date by the quality of data received and interpretations to date, which have firmed up the previously outlined targets as well as identifying new additional potentially sizeable structures. The Company is pleased to confirm that the data is also being interpreted in parallel by its consultant Gustavson Associates for the purpose of producing an Independent Resource Report in accordance with AIM and TSX guidelines. Tullow has advised that Intermediate Kirchhoff PreSDM from PGS is anticipated to be completed the last week of May, which in turn will enable the Resource Report to be concluded and published." Expecting at least sth rather sooner than later for ECO and PIRI. Any thoughts?

Interesting view

supply and demand of COBALT http://www.mining.com/web/cobalt-battery-boom-wavers-prices-slide-top-user-china/

KEFI has now assembled the proposed full project funding consortium including contractors, equity and non-equity capital. For the Project to proceed, all stakeholders now rely on closing out the remaining Ethiopian Government processes and approvals, along with completion of due diligence and formal documentation.

highly attractive sector indeed