Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Should we be concerned that John Meyer will be a speaker, yet ARCM will not be one of the companies present? https://www.weare121.com/121mininginvestment-london/mining-corporate-presenters-spring-2019/
Good to read that ýou weren't severely impacted by the quake Bloodshot. In countries where building regulations aren't upto earthquake standard, it is best to go outside as quickly as possible in case the building colapse. I have not experienced a 6.4 magnitude quake, only a 2, but it is nervy when the earth is moving unpredictably. Hopefully, there won't be any aftershocks.
You are posting Bloodshot, glad to see that the earthquake had no effect where you live. Selling continuing, and pressuring the SP as usual. Next news is start of Cheyeza drilling. Forget about Kalaba JORC, it's no longer a priority.
Cor Blimey, for a Poster who has been filtered, my posts sure does get read alot. Where did I state that I was putting a negative about ARCM? Fav means favourable last time I checked. Happy Easter. How are those pigs on the farm coming along Bloodshot? Having lechon for Easter?
Beat up on China, who has no power to directly impact ARCM SP, while the NvS stubbles in the dark, rather than lead us to the light. I am pleased to see that I stir up such strong feelings. If this SP was flying, it wouldn't matter what I post. It's doing badly, so blame China. Mr 250k sell is having more of am impact on the SP than I do. They have even tried to get me banned from this BB. I am still here and going nowhere. So, don't read my posts, or filter me. Everyone have their choice. Another flat day for the SP.
I have been relaxing and waiting for a year already, and we are almost no further along than we are now. If I was retired, have nothing to do but farm pigs and mangoes, then I wouldn't care about time because life passes by slowly. While living in a go getting society, time is money, and money is time.
So, some folks might like my tweeted response to ARCM then:
#ARCM , please stop re-tweeting other companies stories, & make some of your own!! Please spend the time lining up some off-take agreements for the CSD, working on the Kalaba JORC, & finding JVs for the many Zamsort targets so that Investors don't end up expiring while waiting.
From a positive note, what we need now to put some life in the SP, after viewing the expected video of the CSD in action, is for NvS to announce that he has 2 or 3 offtake agreements in place. That would go a long way to restoring my confidence in him.
Peggy, I could be wrong. My prediction for a positive outcome would be:
-Sale of Casa taking the SP to 2 times current value, minimum.
-Cheyeza & Lumbeta-Assuming ARCM plan to drill both simultaneously, 1st positive assay results with > 0.7% Cu(ignoring Cobalt) should take the SP to 5:50-6p.
-As Solgold has shown, if the grades, and size of the deposits are large enough to attract the majors, then rather than them wanting 80-90%, they could provide cash like BHP & Newcrest has done for SOLG, by buying shares of the company. After all, that is the objective here, attract and sell to a major. NvS said in the German interview that he hoped to be taken out by a major. If a major buy in, then depending on the premium paid, I dont see why 15-20p shouldnt be possible. A complete takeout price would depend on grades and size, and how badly the major want the assets, then I would say anything from 50p upwards, depending on how the deal is handled.
All of the above could happen by Q4, but I'd say Q1-Q2 of 2020 more likely.
I wouldn't go that far. I honestly think he made a call to rely on the existing historical data and events turned out differently than he anticipated. I give him credit that he acted quickly to come up with a plan B. "indicating that better prospects may come" imply that we are now taking a risk that the work going forward may, or may not turn up a game changer. This is the point where every PI will have to decide for themselves if it's a risk worth taking or not. I will wait for the first drill results to make my decision. If Casa is sold before Q3, I will take the opportunity to act further.
ARC Minerals* (ARCM LN) 2.4p, Mkt Cap £17m – New anomalies indicate further copper, cobalt discoveries to come Arc minerals reports good progress in its exploration of the Zambian copper belt around its new Kalaba copper, cobalt mine in the West of Zambia. The team have finished the airborne geophysical survey and data analysis. The next phase of exploration has already started on the principal targets to work out the best next targets to drill. Curiously the Kalaba mine is not the largest anomaly on the survey indicating that better prospects may come on further investigation. Soil geochemistry is being used to reduce spacing on targets to 200m from 1km currently Cheyeza West Target: ~7km west of historical drilling at Cheyeza East has which intersected zones of copper mineralisation which may be a conductive sulphide rich sediment. The target shows well defined radiometric anomalies where thorium and potassium are coincident with the historic electromagnetic anomaly. Lumbeta Target: is associated with the crest of a structural fold which may act as a mineralisation trap. The target has 11km of copper in soils of up to 580ppm and a large zone of irregular magnetic response with several isolated, but well defined, historic EM anomalies. hxxp://s2.q4cdn.com/256050873/files/doc_news/images/2019/04/Zamsort-50ppm-Cu-update.pdf Small-scale pilot plant: management recently started copper, cobalt concentrate production at the new Kalaba plant using stockpiled ~2% copper oxide material further de-risking the project. The plant cost <$0.5m and was brought in under budget. Conclusion: Today’s news on further targets is great news for shareholders. Cheyeza West and Lumbeta are just two of a number of promising targets which should attract the attention of other copper explorers. We expect many these targets will be joint ventured for further exploration with a number of majors. *SP Angel acts as nomad and broker to Arc Minerals.
@Artyth, that is exactly what I posted, and folks here got upset. We were told that Kalaba is number 1 target, money spent drilling it, only to be told its basically nothing. Imagine what would have happened to the SP, the company if NvS didnt act quickly with the aerial survey to find a backup plan? Folks said I was being repetitive and negative rather than accept the risk which we currently face. The excerpt below came from ARCM's own Nomad SP Angel who find the whole situation curious, and havent done the usual interview singing ARCM praises. NvM dropped the ball, and should have done the aerial survey before starting to drill last year. What folks dont realise is that we are now desperately searching to find a worthwhile target. When SP Angel use the term "better prospects may come", that smacks of a desperate search which may or may not turn up something to PI's advantage. I'll post the entire article so folks can read it for themselves.
The team have finished the airborne geophysical survey and data analysis. The next phase of exploration has already started on the principal targets to work out the best next targets to drill. Curiously the Kalaba mine is not the largest anomaly on the survey indicating that better prospects may come on further investigation. Soil geochemistry is being used to reduce spacing on targets to 200m from 1km currently Cheyeza West Target: ~7km west of historical drilling at Cheyeza East has which intersected zones of copper mineralisation which may be a conductive sulphide rich sediment. The target shows well defined radiometric anomalies where thorium and potassium are coincident with the historic electromagnetic anomaly. So it would appear that other folks are also curious about the relegation of Kalaba, not just myself.
Yep, it is difficult to know where the SP bottom is. For sure 2p is an excellent entry point. The real test of what comes next hinges on whether NvS manages to find a buyer for Casa, or will it's fate turned out to be mere broken promises? If Casa is sold before Q3, then good times will return, if not, then we can expect an even lower buying opportunity. The wise will always keep their powder dry. My shoulders are broad, and can bear the load of fellow posters blaming me for their current situation with the ARCM SP. I've asked Andy Scott to line up and interview with NvS so he can explain himself. Not long to wait for that.
Great article ARahim. I would be happy to see 1% copper at 3km x 3km which would definitely attract serious majors who would make reasonable deals, and not try to rip us off. After what happened with Kalaba, I plan to derisk my ARCM investment by seeing the 1st set of Cheyeza assay results before putting more money into this company.
ARahim, believe it or not, I have over 1M+ ARCM shares which I started buying since May 2018, and kept buying when the SP started falling. At some point, a person has to step back and allow the SP to reach the bottom before buying more.
Sentiments are very low at present for whatever reasons. If I was NvS wanting to restore confidence, my first drill would be at the location where the soil samples & aero-mag indicated has the highest ppm so that the assays gives a good 1st impression. I am sure you recall when Kalaba drilling started, folks expected 2% copper because of the existing stockpile, and started being disappointed when the grades started coming in lower than 2%. NvS mentioned in one of the CC that its size, rather than grade that matters. However, he still need to restore confidence by ensuring that the first assays are spectacular after saying how excited 3rd party Geos are, and how the 2 new targets are potential game-changers. He has set the mood, now he has to deliver. I'll be adding once I see those 1st assays from the new targets and if they are high enough grades.
CEO has too many other jobs vying for his attention. Hence the ball being dropped. I never thought NvS would be overseeing such a poor SP performance. Can't imagine the aggro I got here for stating the obvious. Anyway, I hope the lower SP is allowing the family offices to build positions and that we will see a recovery. I am not buying anymore shares until I see the kalaba JORC and the 1st assay results from cheyeza. Imagine what will happen to the SP if that assay result is poor. Don't even bear thinking about.
Great that we now have the new targets being addressed.
Regarding the CSD Plant, NvS said: "We have now completed the plant under budget - for less than half a million dollars"
It is very difficult to complete a project under budget which is also 6 months late, unless the initial allocated budget was much higher than required. This is because extra cash would have been spent to cover the additional 6 months of work. To put it another way, if the project was completed Oct'18, then the total costs would be lower than that spent to complete it 1st week of April 19.