Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Howdy Folks, I couldn't help but notice that events at PREM have unfolded just like Johnny and I have predicted. Anyone interested in making a complaint to AIM Regulations, their email address is: Aimregulation@lseg.com I suspect that we are no longer regarded as Trolls, but more like Prophets.
Barba, Brother Jeremiah said "Please God, let them find several million tonnes of cu eq.." I got the impression that he is very religious and is asking for divine intervention. I suddenly got the image of him being a born again pentecostal evangelical Christian who gets into spirit, and speak in tongues as per the bible.
No problem Poorman, I loved Hitch Hikers Guide to the Galaxy too, and the 42 answer. I would suggest that we hold back from wild bagger speculations until we see the first assay results which I hope will be carefully selected. SP still subdue and will remain so until we know the grades. Meanwhile, my advice to NvS, sell the darn stockpile and get that $1M which can be added to the drill fund.
I didnt know that you are religious Jerry:)
I can see you now at the revival meetings, getting into spirit, and speaking in tongues.
The moment of truth is upon us. I trust that NvS will have the good sense to realize that here, first impression matters...ie 1st assay results. If his first report is poor, then god help us. I'd advise him not to publish until he have a set of assay data which is in line with the >2000ppm expectations....makes for good politics, and good PR.
Jerry, may the spirit of the lord shine upon those drill bits:)
Bloodshot song will drive you to end it all Poorman. Check this one instead which I'm sure even Bloodshot will find interesting:
https://youtu.be/cL_eOGB5kuQ
Peggy, the continued selling is a concern because in November, NvS said that it was a small number of positions being sold by frustrated Casa investors and that the selling should be done with shortly. Not the case 8 months later. The selling is relentless. I hope that the unexpected will happen like you said. But let's face it, only very good results from Cheyeza East will change sentiments. I don't expect casa to be sold any time soon, and I expect a raise end of Q3 unless NvS learned from solg and get 1 or 2 majors to buy in at the Arc level which he now mentioned is a possibility.
Thank you Poorman, you've given me the only good chuckle I've had all day:) I was waiting for Fulmar to say that what I said some time ago about not having blind faith in NvS was warranted. I remember getting beaten up for that. NvS said he could mine on the small scale mining licence, or sell the stockpile for north of $1M. I would have been impressed if he had realised that the CSD was going nowhere and got the $1M from selling the stockpile. When I voiced that events didn't live up to expectations, I got beaten up. We are at a cross roads now. If Cheyeza turn out to be less than expected, Arc is dead. I am trying hard to look for the positive all the while hoping that I don't lose my investment should Cheyeza turned out to be nowhere near tier 1. I am hopeful that his 2 consultancies can't both be wrong. However, given NvS statement regarding his experience in the mining industry, he shouldn't have needed consultancy companies to tell him the right steps to take. He should have known what to do from experience. But, I am being positive in hoping that Cheyeza will come good.
@ARAHIM, I think we are beyond criticism regarding Kalaba. I merely stated that the lessons are painful, which they are. None of us can be certain that we will actually see a Kalaba JORC which I find disappointing, but I have accepted the outcome. The CSD was meant to also produce copper cakes from a stockpile with over 2% copper. Surely, he should have been able to make some money from the copper, or sell the stockpile for the $1M which he previously stated that he could get for it, as oppose to the no cash flow situation which we have now. Again, I have also given up expecting any income from the CSD. My only expectation now is that Cheyeza East does indeed live up to expectations. I am sure all of us would be a lot happier if things were different regarding the CSD and the Kalaba JORC, or am I the only that expected a more prosperous outcome?
Morning Fulmar.
@ARahim, I like your take regarding the Cheyeza East possibilities. " The stock then increased from $0.30 to $1.50 after those drilling results were reported." If that turn of event occur with ARCM, the earth will shake when all ARCM Investors jumped and stomped in celebration. Kalaba and the CSD are painful lessons, and I wish that NvS had handled the matter differently instead of building up everyone's hope, then dashing them the way he did. So, hopefully Cheyeza East drill results will make up for all the past disappointments.
Inequality is the basis of society. The ownership of wealth in our society is based on the Pareto Principle, or 80 20 rule, where 20% of the population owns 80% of the wealth. Although in recent times its more like 5% owns 95% of the wealth. It's a fact that the upper classes lives off the sweat and toil of the less privileged. Been that way for a long time. Indeed, a line from Shelley's Peom Men England sums up the situation quite well: "Men of England, wherefore plough For the lords who lay ye low? Wherefore weave with toil and care The rich robes your tyrants wear?" Indeed, Western Society gained it's wealth from enslaving Africans on plantations in the new world, taking the lands of native people's in the Americas, Australia, New Zealand etc, turned Chinese folks into heroin addicts by swapping opium for tea. So, I am left to ask which society have been takers at others expense? Remove the plank from your eye before seeking to remove the spec from mine.
So, cash flow from CSD no longer viable in the near term at least, hence no off take agreements lined up. Sale of Casa likely pushed out to next year given likely buyers are Chinese and the trade war have caused them to be cautious, hence raise is a possibility/share dilution to fund continued drilling. Possibility of majors buy in at the ARCM level, or some other deal made with majors on other targets. The only hope, and it's almost religious in that faith will be required, is that Cheyeza East will indeed turn out to be a monster asset. So, looking ahead instead of looking back, and given NvS new strategy, addition to the BOD, expanded advisors to include 2 geo companies, folks will now have ask themselves if the risk is worth taking, given at least another year of patience will be required? For my part, given the passion NvS displayed at the recent ICC, I am going to give him a 2nd chance. I don't have justify my decision to anyone, well except to my wife that is:)
Thank you LockerRoom for clarifying the distinction between ppm in soil samples and % in core. Indeed, the page 12 map of copper soil sample concentrations scale which maxes out at 2,200 ppm is solid data which cannot be disputed. ARCM 2,792ppm find does indeed look like it will be a monster. Having the AMC Rep on the call was a good move by NvS to calm nerves, mine included. I will now wait for the Cheyeza drill results to come in and back up the numbers stated.
John Meyer wrote "The 3x0.8km area at Cheyeza East target shows up to 2,792ppm (0.28%) copper in geochemistry. "
I do hope that the drill results return better that 0.5% copper, otherwise folks will be disappointed.
I have been one of NvS harshest critic lately because chiefly I didn't like the way he went about changing his stance on the majors. However, he earned my respect by the way he came out fighting yesterday with a new vision to achieve a profitable endgame for ARCM. China the number 1 market for ore is under attack by Trump, and cobalt, and by extension ARCM, is paying the price for China's falling demand and hence falling prices. I am not hopeful that the noncore assets will be sold in time to avoid a placement given conditions in the DRC. Hence, I have put aside funds to buy more ARCM shares when the placement induced dip comes about later on this year. 1st Cheyeza drill results will be a watershed moment and will aid decision making whether to stick or sell. Everyone deserves a 2nd chance, so I will give that to NvS, and now hope that he can deliver with his updated team.
I agree with your sentiments ARAHIM. The new addition to the team, plus a new TR1 investor does confirm that a new approach/strategy is being put into play. Trump trade war with China isn't helping. I was heartened to hear NvS saying that he is looking to bring majors in by having them buy into Arc rather than jv with them which also confirms the new strategy. We have no choice now but to wait until next year for the new approach to come to fruition.
NvS need to follow Solg example and get some majors to buy into ARC. Or, sell the non core assets which he appear to be having problem selling, and may have to reduce the asking price. Only then will the SP rally. CSD will not be cash generative until cobalt price recover. So there are head winds. He came out strong, let's see if he can keep that fire burning and deliver. We might see a placement end of Q3 if no sale of asset or jv. On the plus side, he is excited about Cheyeza East and so is the 3rd party geo. More waiting I am afraid.