Member Info for Bolgas

Joe,

As announced 11/9/18

“Botswana Department of Environmental Affairs has approved Environmental Management Plan (EMP) for drilling part of T20 Dome Complex.”

This would imply the Botswana government is actively working in a positive way with MOD, I can’t see what advantage it would have to in anyway create complications. There are many new mining explorations happening in Botswana, if they are to pull as fast one as to speak, funding for all would be withdrawn. With that the governments plans for mining diversification disappears.

They can’t have it both ways.

Further Cupric Canyon right next door have not had issues and are currently gearing up for production. Botswana is a safe zone in regards mining as apposed to ARS which is a high risk jurisdiction hence it trading at a hefty discount.

Talking ARS that is not mining license issue as such but rather a dispute from locals who have started legal action as I understand it, similar risk here is negated as they have already obtained access approvals. It’s like comparing eggs and apples, imo of course.

Can’t comment on the other stock as I have never looked into that one, saying that mining is high risk, high reward. I’d say the this is a pretty safe investment compared to its piers.

Also the depressed share price is really as a result of placing rather then anything else, it’s often case that following a placing share prices drop by 30% or so before a substantial rise, look at likes of MARL, SXX and many others that fell then had a significant rise afterwards.

All part and parcel of investing in aim stocks, we have exploration on a new dome that’s about to commence, a discovery there should create a rerate back to where this belongs.

Each to our own.

Yes, lol

Move on then, not for me to justify your investment.

Could of course pop over to your other shares and discuss them with you?

Certianly looked like a smash and grab.

Good post CaseyJones, I was however been sarcastic, aim isn’t a rational market. Look at SOLG it’s taken a buy from BHP to ignite interest and near on bagged from 20p low, that was a crazy valuation.

It does go to show that anything can cause a good rise though, not just drilling news, something totally unexpected. Personally very happy with my holding and entry price, I expect this to be wel north of today’s price come Christmas, hence bottom draw for now.

As for the buys and sells, who knows what it is, that’s deliberate, only thing we can trust is the share price.

Normal days trading then, nothing out the ordinary.

Two domes confirmed with copper, lots of cash in bank, about to drill a very important new area within our huge JV licence and we have investors getting the jitters. Having a 100% hit rate thus far and being undervalued on what is already known it makes perfect sense, this is AIM.

Bottom draw, roll on Christmas.

My opinion, sprott is much more successful then you, they are also not after a fivers worth of stock and I doubt they’d spend time posting crap on boards they aren’t invested.

Just a thought.

I remember MARL going down to 1.2p following a 2p placing, it then zoomed up to around 8p if I recall correctly, I was long gone by then though.

Matter of being patient once again here, we know what we have, just need some news to get that transformation message over to market.

It’s coming.

Glimmer of hope on the horizon, 4 weeks is up this Friday so hopefully news then or early next week of which targets they will be drilling. I certainly hope they get cracking on this pdq as the share price really is reflecting bad on both companies share price currently:

Diamond core drilling planned to commence in Q4 2018 subject to a four-week public review period starting 21 September 2018.

First planned drill targets are:

T4 Dome, T4 Prospect where previous reverse circulation drilling intersected 2m @ 6% Cu & 111g/t Ag from 101m depth (announced 1 April 2016) and soil sampling and airborne electromagnetic (EM) geophysics data has defined a conductive structure coincident with a 5-6km long copper anomaly (announced 16 April 2018); and
T23 Dome, 15km west of T4 Prospect, the interpreted continuation of the EM conductive structure extending from T4 through the interpreted T23 Dome.

October has thus far been busier then anticipated. Let’s hope it continues, it’s not normally a good high street until after bonfire night, seems consumer confidence has returned with a bias towards high street spending.

It’s long overdue, september was awful for all.

Oldskool, last oil price crash was because those Americans started pumping out oil by fracking, oil prices crashed and put them out of business, without fracking it isn’t recoverable in many circumstances.

Fracking is awful for the water table.

As for the left wing, don’t assume by my quoting of the Guardian paper I’m in anyway a lefty, it was simply the first article I came across. I have researched renewables for years and I’m more then aware of what is needed for infrastructure, out grid today is perfectly balanced for our EV upsurge.

It will not be long before that grid as we know it is digitalised, Centrica have a project ongoing in Cornwall that has the largest amount of renewables, that they plan on replicating worldwide soon enough. It includes home PV with storage and many commercial sites also, all trading their own generated electricity.

It is what’s called the third industrial revolution, coming soon with plenty of copper consumption.

Renewables won’t get past 20% until they have appropriate energy storage, grid is a fragile system that needs frequency at a constant level and whilst renewables are good they only work when the wind blows or sun shines. What we will see is storage come into the fold soon enough and when that becomes financially viable we will witness an energy revolution. Large corporates will have their own generation assets coupled with storage and that will be the end of energy generation and consumption as we know it. It’s just around the corner.

With that comes more copper consumption as mini grids will be installed around the country and world for that matter.

Likes of India and Africa have some billion folks without electricity, this will change as world powers want energy poverty abolished with billions being ploughed into solving this issue. With electricity comes mobile masts and many other items, such as industry.

It’s an awful lot of copper to electrify a billion, add in a new energy infrastructure worldwide copper is in for an almighty bull run and soon.I

Final point, who’s going to pay for those charging points?

Well they aren’t free, but then neither is charging your car, many forget this. It will be a profitable business moving forward and as technology advances so will charging times.

Those who install them to make a profit will do so as a business case, there’s models now that show car parks with huge solar panels above and charging points below, those who install them will be charging end users so we can safely assume they will be paying. Who knows maybe oil companies will pay as a new business model.

One thing is for sure, they will all be needing more copper.

Boom.

There’s lots of city’s around the world banning fossil fuelled vehicles, much sooner then we realise:-

https://www.businessinsider.com/cities-going-car-free-ban-2017-8

It’s going to be a rapid transition over, look at what cars here will be worth if they can’t be used to travel to many cities, the used car market will collapse, second hand value of ev’s will make the financial viablity even greater, not in a decade but starting now.

Same as benefit in kind for business users, it’s already begun.

Fair question oldskool and one I believe many over estimate the problem.

Firstly we need remember that a car isn’t like our phones that require a charge daily if you’re like me. A car to be viable will really need do 220-250 miles per charge which in annual mileage terms for mr average equates to a weekly charge. Most people will be able to do this at work or home, granted there are exceptions but as adoption grows so will charging pints in places like Asda or parking places.

Need remember that many cities around the world are banning fossil fuelled cars soon, so it’s not a question of how it’s a matter of adopt and find a solution or go without wheels. Many city folks don’t drive or do so very infrequent so a choir of a biweekly charge shouldn’t be too much hassle as aposed to having nothing.

As for the grid not coping people don’t realise our consumption of electricity has declined over last decade as we have opted for more energy efficient appliances and lighting, quick google search brings this article:-

https://www.theguardian.com/business/2018/jan/30/uk-electricity-use-falling-economy-weather

As for oil companies many are transitioning to green energy, evolving. Even Saudi has ploughed billions into green energy realising the death of oil is nearing, many decades away but they are forward thinking.

https://money.cnn.com/2017/10/24/news/economy/saudi-arabia-mega-city-neom/index.html

Saudi aren’t cashing the Crown Jewels in because they believe it’s not nearing it end, they want that money to invest in the future:-

https://www.theguardian.com/business/2018/aug/23/oil-giant-aramcos-2tn-flotation-is-still-on-says-saudi-arabia

Or their investment here:-

https://www.bloomberg.com/news/articles/2018-01-16/saudi-arabia-plans-up-to-7-billion-of-renewables-this-year

It’s happening and faster then many expect.

Grid isn’t an issue, no worries on that.

As for electric cars, it matters not what incentive governments give, the fact is what will it cost a business and I can tell you today they are much cheaper then a diesel, both in terms of monthly cost and tax as benefit in kind.

Install a charging facility at work isn’t an issue, saves company packets on an increasing oil price charge.

Look at contract hire for a Nissan Leaf, it’s cheap as chips. Incentive from government can’t stop the transition now, it’s happening and besides the residual value on oil driven cars will plummet unlike EV’s.

Boom

Look at the disparity in prices of copper.

Article isn’t positive longer term but with EV’s taking grip I can’t see demand falling, I know many fleet car buyers who are actively looking to switch next year from diesel to EV. Many will follow and that will blow sales forecasts apart IMO.

Al good for copper.

https://www.ft.com/content/d8dada16-cc81-11e8-b276-b9069bde0956

Maybe Sprotts last chance before an almighty bull run on copper.

Look what happened last time inventory’s fell, them Chinese keep buying it up prices will rise rapidly. $1 to $4 last time or there abouts, what will it be this time.

I’m like those products, aiming at a niche market that’s not cheap tat unlike BooHoo.

Markets not been kind all round so for me one on watch list whilst I do further investigation. I’ve been involved with retail since a child and know many heavy hitters in this market place that is currently experiencing hardest times in its history.

That said I’ve always thought there’s a gap within a growing market, this maybe that one.

Good luck, hopefully a buyer and at a higher price if needs be.