Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
I hear you Poorman. Only ARCM can provide answers at this point. On a positive note, we are 2 weeks away from the end of the rainy season and if that occur on schedule, then we can expect news on the start of the new drill campaign. Although, I would expect to see the results from the 50m grid samples before then.
I hope that you are right Poorman. UPOD is applicable to the Kalaba JORC, but doesn't explain why CSD production consistently keep missing each estimated deliverable date!! 2%, God only know how long it will actually take to complete that. Mid-April is my most optimistic forecaste.
I never said that it was a tweet from the company. I wasnt able to paste the link from my phone because it was referring to mobile twitter and I wasnt sure how that would come up on a pc.
Since when someone commenting on a tweet deramping? None of the recent communications from the company has been accurate to date:
-Kalaba JORC expected by end of Q4/18, 3 months late.
-CSD plant production expected by end of Q4/18, 3 months late.
-Recent calls: CSD to enter production within 10 days, 10 days came and went, no report of production having being started.
-Kalaba JORC within the next 2 weeks, 2 weeks came and went, no Kalaba JORC.
I think the company poor track record at forecasting events is responsible for the loss of sentiments and falling SP, and which fuels accusations of deramping when the facts are commented on. If the deliverables were delivered on or near the promised dates, the nature of the posts would be very different. Being 3 months late is hardly inspiring, but I'm sure I'll be accused of deramping because we are still 2 weeks away from the end of March 2019.
So, mid-March almost, final month of Q1/19, where are we at?
-No Kalaba JORC. Kalaba isnt the mother lode and is therefore of no interest to the majors.
-According to the Zambian mining news, CSD 2% away from full production. Ideally, it should take 1.5-2 weeks to complete the remaining 2%, but factor in Africa, the rain etc, I would forecast that we are looking at mid-April'19 to achieve 100% completion.
-No news on the sale of Casa and Sturec and whether the sales will actually be completed in 2019. We can but hope that 2019 will indeed be a good year for ARCM.
-Cheyeza and Lumbeta identified and will be drilled, but we will have to wait another year before we can engage with the majors, and hopefully they will not conclude that these 2 exciting targets aren't the mother lodes either. We face possible dilutions if sale of Casa and Sturec falls through.
-SP back to where it was 1 year ago, and seem poised to dig a hole to China unless of course a positive manifest which changes sentiments for the better. Hopefully the falling SP drill will not emerge in my Chinese ancestors village back in China:)
Before I'm jumped on, I am looking for the positives, but I'm not seeing any at this moment. I dont see where PI have been well served in recent months. I am happy to be corrected in case I overlooked something.
Too bad the aeromag survey wasn't done before the drilling on kalaba started. That money could have been spent on drilling the new targets given that the CSD wasn't meant to be a priority. I guess we should be grateful that 2 new targets were identified as a plan B, otherwise the SP would be 1p by now.
Great article Tra1. It's warm heartening to read that we have Senior Chief Sailunga, and the local community supporting the Kalaba Project. No doubt they will give the plant a proper African blessing to get things off to a good start. Too bad I won't be able to make that party and to part take in the pending festivities.
Been reading a lot about SOLG from Twohits and Nedk posting on ARCM BB. NM didn't make a formal offer for CGP. What if this is a ruse to stimulate the majors into a bidding war? If all encumbrances are lifted as per CGP recommendation to allow an auction of cascabel to be carried out, it would also mean there would be nothing to prevent 1 of the top 3 SOLG shareholders from taking out CGP to gain the majority stake. With that event, we would see one almighty bidding war for final control/takeover of SOLG. Shareholders would definitely benefit if encumberances are lifted. Just my take on the big picture.
ARahim, donkey meat isn't a delicacy in Zambia. I tell you what my ex Zambian brought back for me as a delicacy from her home town, dried & fried caterpillars!!! Up until then I didn't know that people ate caterpillars. I must say that they were surprisingly tasty, after one got over the crunching sound made when they are bitten in to:)
Seriously Peggy, you could have sold and jumped back in because we knew the dip was coming once the dilution was added to the books. Never mind, sit tight and wait with the rest of us when we hope for good news when the JORC''s for cheyeza and lumbeta are published.
No Riz, I'm a mere 60. I have to say that I admire Don Bailey's stamina coping with the heat, and humidity of Zambia at his senior years. I would be interested to know what Don's take is on the current SP decline. I have no choice but to wait another year now.