Member Info for D220

To get news like this tomorrow:
https://finance.yahoo.com/news/black-iron-receives-multiple-offtake-111700804.html
"...is pleased to announce that it recently received several offers from well-known multibillion dollar companies interested in securing rights to purchase the planned initial four (4) million tonnes per annum of production from ..."!

I would have thought at least £7! AND a Ferrari each... :-)

Remember, we could be getting visually "interesting" core any time from now onwards...

Agreed Ella. Proof we have something at commercial grades will be enough. We don't need to drill out a resource. As Keith says, it is likely that theye will sell chunks to a Major and drill and repeat. That will produce more than enough return for holders in at this market cap.
Without any value from the KSZ, as you state!

Really interesting video. Does anyone else think that it is only a matter of time before KAV have their own T3 or A4?

Over 35m new shares admitted today with no sign that there has been any dumping. Looks like holders are (at least) waiting for drill results.

" However, the inclusion of the Mamuno Licences could prove to be very exciting. Our initial analysis suggests the geological model looks to be very similar to that at South Ghanzi, but the formation sizes are MUCH bigger. We are looking forward to deploying our teams to the area as soon as we are able to."

So we were notified on 21/7 that drilling started - make that 10 days to get to 250m. But, that included getting through the sands when they were only drilling single shifts, so maybe another 7 days ish to TD. I am going for a (hopeful) Monday 9th RNS of "visible mineralisation in the core"!

So Ben's tweet this morning is a very heavy hint that they are at 250m now. Bon Jovi - Livin on a Prayer "we're halfway there"! Good progress. Will soon be in the sweet spot!

Haha - don't hold your breath!

F79, your biggest danger is going to be hitting the Lifetime Allowance!

I also think that keeping back further info on target B could be useful IF the drill at A2 is "disappointing". Given that it was the TDEM on B1 that made them do the latest fund raise, it really must have been special enough to justify such a prompt change in their plans. :-)

Don't think this has been posted?
https://www.telegraph.co.uk/business/2021/07/27/government-told-secure-battery-materials-avoid-losing-electric/

From my understanding of what Ben has said, we will only get an RNS before drill completion if there are visible indications of massive sulphides in the drill core. Otherwise nothing more until TD. Unless of course there is a significan problem.

Probably just placees freeing up funds to pay for placing shares. Due to settle Monday.

For downhole EM, mid August is reasonable. Visual evidence (which Ben has said would be a reportable event) possibly ten days time. For assays, I suspect early October but could be slightly quicker.

The rate per hour will drop but they are moving to double shifts so progress should still be good. I think we could hit target areas as soon as mid next week IF there are no problems.

Depends what you mean by "positive results" of course, but I would suggest "proof of concept" (i.e that there are massive sulphides where they said they would be) would be enough for 20p. If they actually hit a commercial deposit I think you could be looking at well over 30p depending on grades. And we are on the first of 3 drills. Many more targets available.
If the first drill is a complete dud, expect under 3p again though.
My money is staying in.

Thank you swest. I did wonder what I had done to upset Otho. I don't mind being told that I am incorrect (and see below, I dont think I was!) but there are ways and means! Conduct unbecoming.

Thanks for posting that Luke. Interesting:
"RNS Submit allows you to control when your announcement is released. Three options are available:
• Immediate release.
• Telephone embargo - your announcement will only be released when RNS Customer Services
receives a verbal authorisation.
• Embargo - enables you to specify a time and date in the future for the announcement to
be released."
So nothing to stop an RNS being logged during one day for release the next. :-)