Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Ah Bloodshot and H, you guys are so predictable!! The same old mantras. Sell up and go. Why are you still here, blah blah. Not seeing the woods for the trees come to mind. Can you Bloodshot, not you H because you just got here, tell me that you are happy with the CEO's accomplishments since he took over end of 2017? Surely if he was executing and delivering, the SP would reflect that! Why are the Zambians selling and leaving in droves? Where is the discovery announcement which John Meyer previously mentioned? Where are the grades demonstrating the discovery of black sap and sulfide? And finally, why oh why is he unable to sell Akyanga after 1+ year of trying when he said that he had a willing Chinese party standing by if he got 2M oz? He clearly need the money to continue drilling, or to carry on stringing PIs along. He prefer to milk PIs with raise after raise, rather than sell the non-core assets and give PIs a breather from the many raises. He once said that he could have sold the Kalaba stockpile for north of $1M. Even that he failed to accomplished. I see another GR here, all from the same business school. BTW, I noticed Mr Foster left ARC, joined PREM and now left. Just goes to show just how interlinked this lot all are.
Widow's mite, yep, very religious teachings. I also know Sun Tzu too:)
But Niccolò Machiavelli inspired me the most. It helps me to spot when I'm being had.
Ah Bloodshot, you never fail to return a lecture to my posts:)
The CEO is showing all Investors total disrespect at the moment by allowing the SP to free fall!!
Things must be bad when even the Zambians are selling up. They are there on the ground, know the lay of the land. If the assets offer such outstanding promises, why have they being selling for the past 6 months as per John "Loquacious" Meyer?
Exactly G. Remember Peggy, before the FOs came on board, it was ordinary PI's who provided the funding via the many raises, which got the company this far. You might be familiar with the lesson of the Widow's Mite:
"He sat down opposite the treasury and observed how the crowd put money into the treasury. Many rich people put in large sums. A poor widow also came and put in two small coins worth a few cents. Calling his disciples to himself, he said to them, 'Amen, I say to you, this poor widow put in more than all the other contributors to the treasury. For they have all contributed from their surplus wealth, but she, from her poverty, has contributed all she had, her whole livelihood.'
The CEO ignores ordinary PIs at his own peril. Given that he is supposed to be a professional, executive, he should appreciate the need for good PR. All he had to do was defer the question to his Geo which he did in the end. Hence that initial response was less than charming.
Who knows? We will see it when we see it. Its difficult keeping track of events with this company. One minute "we've encountered some Black sap, Black Saprolite", next its "Sulfide", with no effort to specifically identify which assay report correspond to each of these amazing ore structure. Ordinary PI's are not the priority here, hence no care need to be taken in how information is disseminated to this group. Did you hear how the CEO respond to the Investor who asked for more details on the sulfide? How much more explanation is required, or words to that effect. Perhaps PI's should get together and form their own Family Office, and maybe then better treatment would be received.
All these newly acquired Chinese mining assets will need ore supplies. M&A activities about to get hot. NvS is doing his best to keep the SP down so that the Co can be easily snapped up for a song:)
Onward China:)
https://www.africa-confidential.com/article/id/12741/The_China_price
Cheyeza and Lumbeta anomalies discovered at Zamsort are a “potential game changer". Akyanga 3M Oz gold discovery was also described as a game changer. So my question is this:
How many game changer does a company has to have before the game actually changes? Water all around and not a drop to drink!! Tons of game changers, and nothing has actually changed:)
From John Meyer's interview, it would appear that the Zambians decided to sell their ARCM shares because the CSD is only intermittently producing which is not what they expected. So, the Zambians are not happy either with the leadership lack of delivery and voted with their feet. Others took that as a negative, hence the SP tanking.
John also confirmed that more cash will be required to carry out more drilling. From that statement, its not realistic to assume that the drill for equity program will cover the remaining drilling in its entirety. So, definitely another raise is coming long before Casa is sold.
Around 16:15 NvS confirmed that he wouldnt make use of the existing Zamsort drill data. So Zambian drill data already existed.
Its funny listing to that interview again. Nothing NvS promised back in May 2018 have come to passed so that shareholders can say yes, he accomplished a, b, & c, and we are happy with his leadership and ability to execute. Passing around the raising bowl, buying more of Zamsort using placements are the only accomplishments to date. Recent history of this CEO is clear for all to see if they choose to see it, rather than get irate because I'm the one who posted the observation!!
Because if you listen to the May 2018 interview, NvS confirmed that he wouldnt use the available existing data, but would be carrying out his own drilling. He felt that he couldnt use the available data:
https://youtu.be/BR_BYvFDXUQ
Not pulled from thin air, but from the CEO's own words.
Great point Cautious!! I am wondering why the Zambian shareholders would choose to sell now? Do they know something we dont know why they are not willing to wait for the promised pay day? Drilling started from 2018 and so far no mother lode. I think Zamsort have been very clever in selling their holdings to ARC most likely already knowing that there isnt anything there of commercial value. It shouldn't require 2 years of drilling for confirmation, while shareholders endure raise after raise. Drill for equity is face saving so that it doesnt appear that the begging bowl is being passed around with indecent haste. I see a classic carrot dangling exercise going on here, just like PREM did. The thought of the assets kept folks attention so that they dont notice that nothing profitable has been achieved over the past 2 years. Like PREM, realization will dawn when the SP is in the pits. Next year this time, it will be the same cycle. Asia Resource Minerals shareholders came to their senses and toss the albatross from around the ancient mariner's neck!! When will ARCM shareholders do the same?
Not saying he should focus on Kalaba. My point was he promised that JORC end of 2018 and we havent seen it so far. He indicated a JORC end of this year from the current drill campaign, and we may not see that during Q1/20 if the BOD say no. He has form of promising and not following through on his promises. We'll be lucky to see a JORC any time soon for any of the targets currently being drilled. The CEO is punctual with raises and placements however. I cant fault him on that score. Meanwhile, folks wait, hope, dream about what may be. As for being erratic, he indicated that he wouldn't engage in a butterfly drill campaign, but so far that is exactly what he is doing, target hopping. Nothing he promised can be taken seriously.
More waiting and hoping I see:)
Rinse and repeat is a more likely scenario. They cant even deliver a JORC by April 2020 when the initial promise was to have one this year, and lets not even mention the Kalaba JORC. Missed on all fronts, yet the troops are happy to wait and hope for manna from heaven:)
From the call I heard:
A)No revenue from CSD. Option exist to use 1% ore to CSD to generate cash, but not likely as majors wouldn't be happy to buy an asset already nibbled at.
B)Drilling to end December if rain allow, restart early April 2020.
C)4 target to be drilled. May start a resource on Cheyeza East mid December if BOD give OK. Publish Q1/20.
D)Gold still not sold, but in advanced discussion on 1 of 2.
E)Have enough cash to last for next 3 months. Expect raise early next year.
So, nothing to move the SP. Will go down if no JORC for Cheyeza East. Shareholders will need to foot the bill yet again.
No news that add value to the SP in the near term. No high grade, no jv, no CSD income. Just a matter of time before the begging bowl is passed around. SP heading south today given no addition of tangible value being reported. Just more waiting.
SP Angel and John Meyer lost credibility after making so many pronouncements of SP re-rate which have failed to materialise.
New company only mean a)Large placement will be announced. Or, b)Brought on a major at the corporate level with these guys handling the deal.
We will know today. G, you mentioned 7p deal but provided no basis for that rumour? Maybe there is more to that than one would believe at first glance. Again, I am sure we will know more today. Track record to date always see shareholders being diluted, perhaps that trend is about to change?