Member Info for CF73

As daft/ convenient as it might sound, NDAs can stipulate there be no mention of even an NDA bring in place. Not sure what that means if there are a multiple NDAs, how that's navigated by a company

I don't believe Bowens has been brought on board on a business as usual basis, and certainlt wouldn't be buying 7million shares with that in mind.

I think there have been offers (or at least an offer) but not good enough. Bowens is here to strengthen the team, the case and to help close out the deal and has put his money where his mouth is. Let's not forget that developments in the area have made it much easier now to sell KM.

Crucial price sensitive numbers can be withheld owing to NDAs, it seems, thinking about FRR. However, NDAs normally have time periods, for example, of a year or so and have to be reviewed. Don't think results can be withheld indefinitely, although our drill results have been released, just that we have had no adjustments made to the PFS, resource/reserve etc. So may be they are not under the same pressure given the drill results are out there?

Now, with 2018 drill season results and with the TEO and DFS RNS pointing to a cut-off-grade of 0.20%, it has potential get even tastier, as below,

"We anticipate a considerable increase in the resource and reserve inventory due to the newly discovered mineralisation identified during the 2018 field season."

I believe, as perhaps others do, negotiations ongoing and that we may have received offers but they weren't nowhere near good enough.

Ludicrous!

I know there's lots to be disatisfied about but pulling a figure of 5p to 10p is just plain scaremongering.

We down here because the last RNS creates within market the perception that it could be a while yet. We have not had massive volume the last few days (even with the RNS) and so gives the MMs a chance to mark down to create more traffic.

Lets also remember Bowens sold IG Copper for $200million.

We just need to hang in there. Previosuly, the wait seemed neverending, no tangible horizon. We have a much better sense of where we are, especially after the recent RNS. Indeed, is possible to interpret that RNS as NOT suggesting a further addition of time but to explain (to whomever relevant) what the process entails, that they understand what is required and that AMC moves forward productively and practically.

Fundamentals are now in our favour and will have given us extra confidence and impetus. Indeed, wonder if previous discussions have brought about prices for KM that were not deemed reasonable. Is good now that TEO is being produced, and along with it, a DFS. What we have underground will find a market, esepcially now the market is making it viable. The situation can only get better. Interested parties have got to positions themselves so they can have a market place and share they believe represents their aspirations and needs. This means they need to move on KM soner rather than later. 7 or 8 years ago, it was a matter of later. Now with the Nickel prices improving, and with the BIG players manoeuvring, we arrive at a point where we could be more confident about it being sooner (as opposed to plain hope).

Good luck to all the genuine folks here.

Is really important that Zim fully comprehend a) that potential of their domestic lihtium resources, in connection to b) market possiblities and c) the investment environment in Zim, how doucive or not it it. This is shows me that they understand the signficance of Zulu and want it developed. Cannot see the EPO won't be granted, especially as the only objections to EPO application came from small scale miners (makes no sense to have these hinder large scale/ nation wide progress and am guessing have been dealt with).

The mining sector could be doing considerably better but not. Current Government - first following Mugabe - needs to show the population they can be trusted with their prospects (election will ultimately arrive). EPO not far off, if it lands, then PREM then take off.

We could be entering a news rich period. Good luck all the genuine folks!!

Zim knows fully well the signficance of its Lihtium resources and that it needs to get things moving if its plans for a mining/ minerals sector worth $12.3billion annually are to be realised.

Zulu EPO must be very close.

Foreign mining investors responding to Zimbabwe | 6th September 2019

[...final paragraph]:

"Zimbabwe accounts for a tiny fraction of the world’s lithium, used mostly in electric vehicle batteries, but Chitando said in February, when he addressed the Investing in African Mining Indaba, in Cape Town, that, should all known resources in the country be exploited, the country’s share of global production could increase to 20% – an achievable target indeed, but only if the challenges of inadequate foreign currency, an uncompetitive fiscal regime, a high country risk profile and inadequate electricity supply could be addressed."

https://m.miningweekly.com/article/foreign-mining-investors-responding-to-zimbabwes-come-hither-mantra-2019-09-06

Thanks cowboysteve and AmurTigers

Is it possible that a deal is announced before we arrive at the TEO deadline date? The numbers will already be known to the key interested parties. With a few adjustments, the value/ viability of the project will be understood --- though perhaps the TEO is required by AMC to get a better price

Regarding TEOs, was IG Copper's (under Bowens) ever openly published? Or did they go straight to deal-making once it was completed?

OnTheLevel, regarding when I might have expected news on drill results and PFS inclusion etc. perhaps Q2 2020, was my thinking, trying to be realistic. Today's news slots in with this, with TEO expected not too long after. Is likely the case that the results are now released with the TEO, which I think could happen earlier than Dec 1st 2020

I was never expecting drill results and associated details by this point so today's RNS hasn't caused me any concern. In fact, it's shown what is happening over the coming year. Agree with others that the TEO shouldn't take to Dec 1st 2020 and is good news that the DFS is being produced simultaneously. We're covering all bases and getting on with it.

Apologies, I did mean 2020

-------------------------

"The information within the TEO will be included in a Western Definitive Feasibility Study ("DFS") which will be progressed in parallel with the TEO. As various components of the study are completed, the Company will be compiling appropriate portions of the DFS."

-------------------------

Submission and completion of TEO Dec 1. Meaning something similar for DFS, so actually not that far away (compared to where we might have thought we were for DFS).

Ivy lol, get what you mean. The obvious and common sense seems not to be the path FRR take. However, on the matter of the DoS, after I'd thought about it, it made sense that FRR weren't prepared to provide fuller details earlier on for the liquidator, preferring to wait to the last minute i.e. only if they had to.

If we've published such details in that article (production, profit etc), then I'd assume that we've been able to use that same information to back up our DoS.

Agree Gipps regarding if we have used that level of political support in Ukraine then they've likely flexed that same political muscle in Georgia ----- at least they bloody well better have.

Is very possible we hear something significant this side of the Christmas (-- yes, we could get our Christmas present, he just never said which one exactly)...

Th ehold up in Georgia is because we are fighting to keep Block 12 from both Hope/ OMF and the Georgian Givernment (i.e. arbitration). Until we have resolved/ concluded all of that, we are not going to be hearing much (other than what we pick up from their activities elsewhere i.e. Dolphin tender and their efforts to present a strong case there).

I can see there being interest in Ukraine from respective parties already working with us in Georgia (wit all parties looking ahead). But trying to link the two in the same deal, doesnt make sense, esopecially as two different jurisdictions and national governments, relevant agencies/ bodies and policies to navigate. So can't see it, my thoughts for whatever they worth.

Best of luck RR!