Member Info for Bolgas

T3 asset now sold with MTR retaining a larger substantial equity in MOD, appears a decent deal all round. With drills turning at various targets that we still own a 30% JV with things should start to hit up around here, hopefully bust that 3p barrier. Thing is we now have a larger exposure to new finds with our revised 12.5% of MOD’s 70% plus all their other assets and cash. Good work.

So what about these options, totally guessing but maybe they will dispose of these as drilling results flood in, netting us £20 million or there abouts if their shareprice plays nicely.

These funds could then be used to increase our share of Kalahari Metals Limited, maybe to 100% whilst finding all exporationation out of excess funds.

If there are further finds at say A4 or A9 we could dispose of in similar fashion, have some cash and increase our MOD holdings, I’d like to see us work up to a 30% holding and a few million in cash, now that would be a cracking deal, cash plus effectively our original JV split but over the entire licences whilst using that free cash to purchase another world class asset in Botswana, Kalahari Metals Limited.

Can’t see anything other than a deal well done from our BoD, those selling must need medical attention LOL.

Nervous? Sure some new comers will be, couple of large sells appear late on, spook a few for sure, delayed trade and all that. One must ask themselves tho’ why take the first million at below bid then with only shifting 500k they then offer above bid for another 1 million, seems odd.

Perhaps some are listening to duster, he sounds knowledgeable and offers another view, couple quiet days trading and one asks themselves what’s going on here, it’s only human I can assure you in this game of high poker stakes. Remember this is a game, just like poker, many want you to reveal your hand, they for sure ain’t going show theirs, they are hard core and been here many a time before, experienced hustlers.

Let’s remember what we have here:-

- Significant visible copper sulphides logged in MO-A4-003D the latest diamond drill hole testing the A4 Dome. Hole is targeting the core of A4 Dome, 1.8km west of MO-A4-001D which intersected a wide zone of trace mineralisation (announced 12 June 2018).

Significant copper, well what grades we might ask, it’s actually available in guess format here:-

https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYC6g69wRSZrfh9ke92GA==

Take time to digest the picture on page 2, green, red and purple grades shown on the drill at grades ranging from 1/2%, 2/3% and 3% plus, it looks good, well no it looks bloody marvellous, doesn’t it?

If that continues down hole we will have at least 2% copper over 67 meters, but not just any copper, stockwork as explained here:-

“Stockwork ores exhibit higher recovery of metals in mineral processing as compared to massive ores with equivalent grades, because flotation separation between chalcopyrite and pyrite is lower in efficiency than between chalcopyrite and host rock [21]. Despite the effective copper grades being much lower in the stockwork ores than in the massive ores (internal dilution due to blend of small veins with host rock), the copper grades in the fraction of sulfides within stockwork ores are in average more than the double of those in the massive sulfides, and this issue increases the relevance of the stockwork ores even in regions with poor copper grades.”

What does that mean? Higher grades in effect, or maybe the equivalent of say 3/4/5% copper that’s easy/cheap to extract:-

“For instance, if a sample had a grade of 2% copper and a P(x) = 0.7, then the relative grade of copper would be equal to 2%/0.7 = 2.86%. By doing so, the metal contents are recalculated and modeled for the sulfide fractions rather than modeling the total copper content.”

Worth holding for those results? Or next drilling results? Well our team think so:-

“Drill core is now being processed through Tshukudu’s sample preparation facility in Ghanzi and the site team is making arrangements to have this assayed as soon as possible.”

We own circa 35% of our prospect plus we have potential to own 50% of another.

When considering the whole prospect it could indeed be huge, I keep this message open to read each morning to remind me exactly why I believe this could be a life changing investment for all, whatever the end price, I will be long gone at a 20 bagger (fingers crossed), that’s not to say this won’t have legs beyond that, who knows.

Here referring to our JV with MOD only, we have new prospect that could be drilled later this year or early next, what exactly could we be sitting on here, hundreds of billions of metal, could be.....

When you think that Cupric Canyon has already discovered 6.8MT of Cu (14 B lb) and 274m oz of silver within an area analogous to the T3 Dome complex ... and you have to sit back and think things through.

Cupric Canyon has an in-situ metal value of US$42B in Cu @ $3 lb and US$4.7B in Ag @ $17 oz.

What might MOD have ... and all at a time when global Cu grades are falling, demand is increasing, and miners are having to go to more unstable regions to secure these metals ...

MOD then has the T20 Dome to explore too which has provided a much more widespread soil anomaly signature.

Do you actually know what you pretend to be talking about? I have invested or remain invested on a couple of stocks you comments on, your comments on all stocks I have followed are laughable, here is no different, just the side of trade you are on.

Clearly out of your depth and I suggest you wind it in with your deramps when you are wrong side of a trade, your tiny bit of credibility left is becoming worthless the more you post.

Figure 1: MO-A4-003D drill core at 243.1m depth showing massive chalcopyrite in quartz/carbonate vein

Drill core is now being processed through Tshukudu’s sample preparation facility in Ghanzi and the site team is making arrangements to have this assayed as soon as possible.

That’s why nobody likes you and filters you.

Guess you have sold, what a life eh, LOL

IF all 7 are intact zones this could be massive, grades will be exceptional.

Even if strike zones are small the content should be commercially viable, there are mines commercially viable with stockwork grades at 0.15% today, fact ours are visible suggests this could be quite spectacular.

Here is waiting for confirmation, like our excited geologists!!

What happened to guru itsaduster? Thought he had a real grasp on things around here LOL.

We could be looking at 2/3% grade (total guess) that could be effectively 5% and cheaper to recover, also note better recovery then a copper find of say 6%, it is by sounds of things very important and totally missed by markets.

Quite a game changer IF this is across the whole find, I suspect it is.

Gets better:-

For instance, if a sample had a grade of 2% copper and a P(x) = 0.7, then the relative grade of copper would be equal to 2%/0.7 = 2.86%. By doing so, the metal contents are recalculated and modeled for the sulfide fractions rather than modeling the total copper content.

And this:-

Stockwork ores exhibit higher recovery of metals in mineral processing as compared to massive ores with equivalent grades, because flotation separation between chalcopyrite and pyrite is lower in efficiency than between chalcopyrite and host rock [21]. Despite the effective copper grades being much lower in the stockwork ores than in the massive ores (internal dilution due to blend of small veins with host rock), the copper grades in the fraction of sulfides within stockwork ores are in average more than the double of those in the massive sulfides, and this issue increases the relevance of the stockwork ores even in regions with poor copper grades.

Shakes out the weak holders, incredible value down here with a pipeline of news., just wish I’d of added earlier.

burtonS

What you will find is my comments are events following last announced orders, I actually believe Redt are stacking almost sealed contracts that for whatever reason are not being confirmed to market.

The point being if the company does have orders but is unable to convey them to market then why dispose of income generating assets for nothing, clearly this isn’t in investors interest, further if the directors are ones benefiting from these asses previously funded by shareholders it makes things a little more harder to stomach.

Regarding John Ward i made it known here at that time clearly for everyone to read, nothing to hide in that regard. Final straw here for me was grant of options at lower rates, zero incentive for anyone to produce shareholder value, again something I made clear for all.

No doubt you will have another tinted view on things.

Scott hasn’t, he’s loaded up Camco Africa for a quid, the only profit making side of the business, not bad business and I’m sure he’s working hard making money for himself on that front today, clearly he’s doing little here as is evidenced by shareprice and lack of orders.

What i find more intersting is the launch of Gen3, no details of this new product and of course it is patent pending, investors love that talk, anyone watch dragons den? Timing of that launch was of course early, no details but certainly earlier than expected, why? Well read the significant shareholder list on the redT website, the list no longer includes BS Pension Scheme but does contain new wording above it, something that has never been there in all the years I’ve invested.

So has Scott withheld market sensitive information? Certainly looks that way, or I’d suggest contacting BS pension scheme and asking them why they failed in their responsibilities to notify the market when they sold down below 3%. BTW that is what is driving shareprice down and will IMO continue to do soZ

As for orders as implied in today’s tweet, it’s a little like the launch of farmers product whilst John Ward dumped his shares IMO, no substance but a gentle helping hand to shift a few shares to more mug punters.

Something isn’t right here IMO, intentional or not, when information is withheld or we get BS promotional stuff to help city folks and directors dump is not quite fair, further where are these patents Scott and where are these product details?

Don’t forget Redt dropped 10 million quids worth of profitable income this year, as you do, whilst l Camco Africa is handed to Scott for £1 and our chairman has the previous biogas business now registered at his home address that was financed 100%, Director greed whilst punters are left holding the none profitable business? Certainly looks that way.

Financing a business purchase 100% is very unusual, often only getting done when an asset is sold vastly under market value for those that do not understand.

BTW that agriculture launch mid last year was directed at shareholders, John Ward then dumped following the hype, no farmers I know (I know lots and can prove they heard nothing) had received anything from Redt. I emailed Scott shortly after voicing my concerns without reply, I believe he also ignored emails regarding the perceived greed of directors taking our only income and profit generating parts for next to nothing.

A few close eyes here, BS pension scheme being next on the research list Scott, hopefully no wrong doings to report.

Also remember most don’t need notify until crossing 5% threshold, despite what many believe.

Read up on TR1 regs.

Yeah, a little annoying but to be expected, they are very good France.

I don’t hold much hope for England in the final... ;-)

- Fact they have stated significant in last drilling report suggests ten forum clowns estimate of 0.6% c

Should have read our forum clown.

- with a set derision target at next resistance being 3p

With a set derisk

Should have read above, phones.

Happened at BMN for years until it finally rocketed from sub 2p to what 24p today, that’s a production miner tho’ not exploration and they purchased their working mine.

Thing is people sell for all sorts of reasons, someone or people may have bought many millions at 2p with a set derision target at next resistance being 3p, it might not be logical to many but when you are a HNW investor you have rules that are adhered no matter what.

Fact is nobody knows what will happen here, we are all confident, drills are turning and we are expanding that soon enough in our new 50% owned project, this is incredibly exciting, in the meantime whilst some derisk it offers an excellent entry or topup for everyone.

I know a couple who are loading slowly here after recent RNS’s, they are hardened investors with long success in AIM investing, they like all of us see real value here short and longer term with news flow that will rock in thick and fast.

Hopefully it will all be positive, just remember we have a huge banker project in T3 and we have a T3 underground that will hopefully be another banker on top of another 7 (fingers crossed) important discoveries. Fact they have stated significant in last drilling report suggests ten forum clowns estimate of 0.6% copper should be blown well and truly out the windows, blow the bloody doors off morelike!!!

Enjoy the football, come on Belgium!!

Big buys still rolling in, some BPC winnings no doubt coming our way.