Member Info for Coyote2020

A few more pieces of the Zambian jig-saw puzzle are about to fall into place.

Vedanta have pledged $250M to repay creditors and to invest a further $1Bn to double production at the mine , smelter, refinery and tailings treatment plant should they be re-instated at Konkola.

Copper provides for 70% of Zambian exports with current levels at a 14 year low in 2023, the Government are keen to resolve this episode and get the right deal over the line.

Konkola/Chingola is just across the way from Luansobe albeit with the river Kafue in between and no immediate river crossing.

The Mopani deal imminent, with maybe $300M investment to treble production output at the mines including the Mufulira Mine complex, for timing and location Luansobe could not be better placed.

Indefatigable optimism, I like it.

Sounds like Cupric Canyon are looking for fair value for their Khoemacau mine believing market conditions, future demand and copper story in general are strong enough to achieve it.

After a 3 year hiatus 121 Mining Investment is back for the second time this year on 9/10th October, connecting 30+ junior miners with top miners and Investment leaders from the region including China. Asiamet attended in March.

Cekim,

Oriole along with all other PURE EXPLORATION plays with no income or revenues, need to raise capital to fund their work programmes some how. There are various ways to achieve this, a placing and therefore dilution is one solution and is not unusual.

Sir, do you hold a position in this stock and if so, how did you envisage Oriole would secure this (working capital).

Good comparison Wbl.

In the early days at GGP before Havieron, when they were prospecting at Earnest Giles, the general view was in Australia all the easy (relative) outcrop or near surface discoveries had been made, the next big discovery was going to come from undercover (ie geophysics aside, no indication at surface).

A debate ensued, increased costs, depth of drilling, risk, the likelihood of success etc, but GGP persevered and later proved their worth with some outstanding intercepts and grades at Havieron.

The rest is history with GGP attaining a m/cap of around £1.5Bn from memory. This was new and no one knew how big this could be.

The similarity between GGP and Oriole is they are/were both in uncharted territory. Cameroon has had near zero exploration. It is in the heart of Africa. No one knows what's there but if it is there, the team at Oriole will find it. It only takes one good drill result for the door to open wide for any possibility as it did for GGP at Havieron.

Eurasian Resources Group (ERG) has purchased US$4M of a US$6.9M placing and subscription in Far East Gold (ASX:FEG).

Far East holds the Trenggalek copper-gold project in East Java, of particular interest to ERG, who has been granted 'first right of refusal' should the project come up for-sale.

Insignificant news this may seem, but ERG are a global mining giant and one of the world's top 3 cobalt producers and the world's largest producer of ferrochrome with annual revenues of US$8.5Bn, around twice the size of Newcrest for comparison.

Their interests lie in Kazakhstan, Africa and Brazil but this appears to be their first venture into Indonesia.

Thanks for the lead bs.

The risk-reward profile on a successful 2000m hole at Beutong, far outweigh the costs involved in drilling.

Hear! Hear! Catbert, you are a breath of fresh air.

I hold a position in this stock since the company was re-named post the Stratex era and have viewed and contributed to this page occasionally.

The price spike in 2020/21 was an interesting time when a lot bought-in and seemingly have regretted it ever since. The constant company bashing several times a day whilst increasing their position seemed most odd. Someone who takes pleasure in repeatedly shooting themselves in the foot came to mind.

Then there are those who do not hold a position in this stock, who constantly remind everybody what a great decision it was to sell-out when they did and here are the reasons why, for the umpteenth time. Why do they do it? Have they nothing else better to do? Does anyone really care what they have to say?

For two years and more, the club for the bleeding hearts would be an apt description.

Enough said, not to labour the point.

Final word from that well known American author,

Think indefatigable optimism not congenial pessimism.

As a general overview this statement is correct. However, Asiamet is in an advantageous position to benefit from this situation. It has two projects, one with a substantial (world class?) JORC compliant resource and the other is 'shovel ready' as they say having a completed and up to date BFS.

Jurisdiction improves by the day with Indonesian aspirations to become a global economic leader focused on mining and the green energy transition. Ideally located in south-east Asia and China consuming 50% of the world's copper at the last count.

Neal Froneman (Sibanye-Stillwater) a bidder (one of four) in the sales process for Mopani Copper Mines reckons the deal will conclude in September. Once the new owner is known, plus ? weeks to agree/confirm contracts etc and therefore Galileo's route to market, 'October' seems about right.

Galileo m/cap US$378M equates to a 23 bagger from today giving a share price of 26p.

A single project here out of the many, could exceed my target price of 25p.

Bound for fame and fortune you know, this..........

1500% share price appreciation over the period May'16 to July '22 when the project was sold to the Chinese for US$378M in cash.

Add in the recent changes in policy in S.America, Indonesia has become the 'go to' destination for new projects and access to the south-east Asian Market place.

The Indonesian President Joko Widodo said today, his term in office is the foundation of Indonesia's aspiration to become one of the world's biggest economies and global powerhouse by 2045.

In January 2018, Asiamet and it's Indonesian partner EMM were granted the key production licence IUP-OP required to advance the project to the development stage. The IUP-OP provides for an initial 20 years of licence tenure which may be extended twice, each for a period of 10 years, totalling 40 years.

Extract taken from Asiamet's website - main page - Beutong.

The Zambian Government were hoping to conclude a deal for the Mopani Copper Mines by the end of July this year. Neal Froneman, CEO at Sibanye-Stillwater said in late June his company was about two months away from "some form of completion" on an offer for Mopani.

The copper mine will represent a good entry point for us (into copper) which could potentially produce about 225k tons of copper annually. It requires considerable investment, but that the AVAILABLE DEPOSITS make Mopani a good asset to own.

"It's a wonderful orebody, and a good mine starts with a good orebody and good people" he said

Luansobe is along strike from the Mufulira Mine complex.

Baroi is my favourite Hughes said, it's underground but with very high grade vein systems. Historical results show 35m @ 5% Cu and Ag @ 6oz/t.

Erroline, you must have bought them below the share price at the time (ie bid side). The reporting mechanism assumes it must have been a sell.

And for BKW try RNS dated 19/7/17.

Asiamet Discovers High Grade Copper Mineralization at BKW Prospect.

A copper in soil anomaly measuring 1.7km × 1.0km with grades up to 26% Cu.

Also Steven Hughes, Asiamet's Vice President - Exploration was around at this time, who frequently gave interviews at Proactive on this very topic. Baroi, if I have spelt that correctly was his favourite. There are 15 other prospects identified within the KSK CoW.

Or try RNS dated 23/2/17.

Asiamet Review Highlights Exploration Upside around BKM.