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Amazing, folks now querying John Meyer!! When raised that point that we are not seeing what he promised on re-rate and jv, I was called names. None of what John Meyer have said from last year has come to past. When I mentioned that to him, he said that I don't have an account with him, so he can't say anything. However, he did finish by saying have faith. That's OK for the super patient.
Not sure we will see the Kalaba JORC anytime soon. The company focus are now the 2 new targets and we will hear about start of drilling there before anything else. Delivery of that JORC is now well beyond shortly, imminent, and coming weeks forecasts previously given.
Nothing has really changed from a big picture perspective Poorman. We are speculating now that he has a willing buyer ready to take the lot once they see good data from the new targets, whereas previously we were told that the majors aren't interested in kalaba. So if there is actually a waiting buyer who want to see Cheyeza data, then we don't have long to wait.
The German interview for those who hasnt seen it:
https://www.youtube.com/watch?v=uQ1RxtsNCP0
Listen at 4:55 in.
@ARahim, I agree with you that there is likely to be a buyer willing to take the lot. In the German interview, he said that he is hoping to be taken out by a major. Why would he say that, and yet consistently said elsewhere that it is too early to sell? Its not like him to give mixed signals over something so critical to all PI, unless its a unguarded slip of his true intent. Sell up the first chance he gets at the right price is what could be behind his silence. Cheyeza size and scale will seal the deal I'm thinking.
Always best to grow what is required. Unfortunately, city folks don't have that option. I am ashamed of what some Chinese folks will do in order to get rich. A bit like horse meet being sold here in the markets. The answer is having effective government agencies and regulations to protect consumers. China is still the wild west economically. Cheyeza 1st assay results will represent the riskiest moment in ARCM history, and will require nerves of steel. Hopefully NvS will know that the first results is the most important as it will be used as a decision point for a lot of folks. Grade and scale for sure.
Heh Bloodshot, I am the first to admit that China has a problem with fake goods. Baby formula the most upsetting. Hence, many Chinese buying formula in Oz and shipping it to China for a huge profit. My concern with Phils, as a person get older, they need to access medical care more frequently. In USA, a person''s fortune could be spent just paying medical bills. I don't want that to happen to me. I would like to leave something for my kids. I know there is medical insurance, but they like to drop customers just when they need help the most.
No ARahim, I am hoping that we will see the first Cheyeza assay results in July, and that they are good, and will remove all need for further speculations. 20p I'd be very happy too. 30p and I'd be looking to join you in Phils Bloodshot. My only concern is there is no NHS there, and too much fake stuff coming from mainland China. Good luck to all of us.
I don't know Bloodshot, I listen. I think my problem is my North American perspective where the SP is the key indicator, and where CEOs are rewarded based on how the company SP perform. In Nov he did say the casa holders were small amount, but they sure seem to be still present and causing damage. It is possible I misquoted NvS. I will not comment further on him until I see the first set of Cheyeza assay results. That will be the acid test for me.
@Peggy, revisiting the interview NvS gave to the German interviewer, he mentioned hoping to hit 1B ton deposit in the new targets, and that he would be happy with 2M ton. He also said that he is hoping to get $5M to drill the targets. So, hopefully it's just a matter a matter of him proving up the new targets which will get the majors excited. Previously, all estimates of future SP and TO prices were based on seeing the Kalaba JORC so that we know what is there. We haven't seen that which is very disappointing. Now we will have to reset and wait to see the results from the new targets. It could be like you said he is waiting for the casa holders to finish selling before releasing the JORC. He was hoping in Nov'18 that they wouldn't be around long. Bottom draw until Feb 2020 then. I'll buy at the new placement if initial new targets results looks good, if he doesn't manage to sell casa.
Poorman, Peggy, that's how I am feeling after a year in. The problem with the Casa sellers is that we don't know for sure how many there are and therefore how long it will take to see them gone at 250k sell rate. What you said though is logical that news is waiting for the sellers to be gone. No point having news which then trigger a massive selloff by those Casa folks. I often wondered why they stayed in until ARCM got their shares for almost nothing? As for NvS, as a former Project Manager, now Electronic Eng. I assess the value of my team members by their ability to meet set milestones, and objectives on or ahead of time. So far the only thing NvS has managed to achieve are: Cash raises, start kalaba drilling, buy more of Zamsort, and complete Akyanga PEA late, CSD late with no meaningful explanation given to keep loyal PI onside. I do hope that he has a master plan.
Have you missed my being filtered for being too negative? Can't be negative and still expect £1. Review my posts between Feb and now, you will see I have lost confidence in NvS and I have been very vocal about that.
I am sure any talk of £1 was in relation to a TO. Further, events now are very different now than back in Feb. Still no JORC, no Offtake agreements reported, and CSD late. I am now wondering how committed NvS is to ARCM now that he has another job elsewhere. Whether I still hold or not is my business.
I don't know Jerry, NvS hasn't announced any off take agreements being signed, which he would need to do. He will also need to announce when the drilling started. No interview since post Indaba. Funny, SP goes up a fraction of a penny and the talk of 5p, 10 starts up again.
Regarding the PEA, on the New York 121 listing for SOLG, the following is written under 6 months:
6 Months:
-PEA on Alpala
Not sure when that was written, but if recently, does that mean there is another 6 months to wait?