Member Info for captainbob

This date has a nice ring to it, lots of little ducks lining up, time for some news.

Ref Steves post of 15:57, the NSR even diluted fully will be 0.75%, assuming they only mine 2.5 mtons contained copper over 20 years, that wouldvaverage 7.5 M per year once production got under way, noting first few years will be aimed at the higher grade areas, a nice steady income.

Not perfect, but need to let some of my holding go, though will hold onto @ 6 M to aim for >0.5%, med long term, for now builder requiring around 8k each week, so short term I will sell a few as and when required, noting at this price they are around 4x what I bought them for. But back of mind tells me it is going to be a bloody expensive extension.

Behind the green door.

At Agm, I remember Kjeld, conversationally asking Colin, what was to stop us declaring, say 1.9MT, just under the "M required, while we continue to prove the asset up, as far as I remember Colin countered along lines of it not being best route, and much better to prove u as much as value as possible before stating the resource, did anyone else that attended catch this, and Colin's precise reasoning?

This link explains it nicely.
https://www.youinvest.co.uk/pensions-and-retirement/pensions-explained/lifetime-allowance.

UT trade after close, not so much to fret about.

Technology is there, but outside factors make coastal work to risky, especially on larger ships, they have ferries in Finland, Captain ashore....

It also says 80% or can dilute down to 0.75% interest in the project, which to me suggests even if we sold all of it, we would eventually receive a 0.75% Royalty?
Or have I got that completely wrong?

At AGM, he did say they had hedged, buying Aud to complete phase 2, so not too concerned, as it would seem the cash for Africa has still to be used.

Also he mentioned they were looking at other low cost entries in small projects in Zambia.

Ie anything 0.15% or more would be mined, so average will be somewhat higher, with lesser stripping ratio overall, ie more processed.

Reason man, I think you miss the point, it is not saying average is 0.15% but point of economical recovery would be considered at 0.15% so more rock will be considered for processing, extraction of copper.

In the AA buy back agreement, there is talk of diluting to 0.75% interest, this I take to be a royalty agreement, that would give 0.75% of proceeds once the mine is up and running, that could add a nice income stream down the line, and presumably for whole project not just what is "proven"at point of sale, any thoughts?
I think this could answer the balance for getting "full market value"?

Often a dip on open Monday, granted bigger than usual, but the whole market is down, gripped by Omicron as it tries to spoil the party..

Going, going gone, into the land of green boxes.

I wonder if some bigger pockets are simply sitting on sideline, hoping that we do in fact need a raise, so they can load up easily, and relatively cheaply, rather than trying to accumulate on open market.
In the past Colin has bitten off hands, of those with offers as and when they were made, rather than asking market as such?
Of course that would leave room for the unscrupulous to, let's say, try to postpone any rise.
Though I am sure that could never be the case?

The time scale is a couple of weeks from initial offer if it goes to independent valuation, at least that was what was said at the AGM?

We should already be seeing progress from dots luck, boa esporanza and up to 5 mini Alluvial operations, September was the highest production month by 50% since start, hopefully unaudited Q4 results will be half decent, rainy season or not.
From what was said at AGM, it sounded like a Chinese version of Gold Rush, each alluvial operation basically a family group, competing with each other, signing off areas covered, and/or left untouched as they go.
They operate at site, no trucking required, meaning they are not so much affected by the rain.

At AGM he again talked about extension to 2024, and beyond being possible with comment if of course we are still the owners, he has also said on a couple of occasions that PFS/DFS is not a prerequisite to a sale.

Looking at L2 there is very strange pattern today, not got a clue what, if anything, it means?