Member Info for Daisan

115m @ 1% Cu is not had at all but perhaps the most interesting aspect is the fact that it terminated in 2.56% Cu at 117.5m. This is still relatively shallow and suggests that there is more to come deeper. I know that they have/are getting access to a drill capable of going deeper (600m?). I think everyone would like to see what is lurking down there underneath everything else.

No problem.

mike, Me too and it was more a response to Chartist2.

I hope that everyone understands how an explorer works. Funds obviously need to be raised in the market to continue exploration operations and bigger funds are required to develop an production operation. If people don't understand that then they should not be buying explorers. What you, as an investor, can demand is that your money is spent wisely to add value to the company. Too many AIM companies raise and waste. I don't think that there is any evidence of that with ARS. If they need to raise some funds for an accelerated drilling campaign then I am wholly supportive of that but I suspect that there is some left to continue operations from the �6m raised in August. Bearing in mind that this was raised at 4.3p, a similar raise and rise would certainly not be unwelcome! The next anticipated funding round is likely on the back of the BFS. This will be a more significant raise than �6m but is very unlikely to be purely equity. We should understand exactly how much is to be raised at the time that the BFS is released early in 2018.

Indeed. Whilst SOLG had risen quite a bit, the thing that really ignited the fire was involvement by institutions. Firstly Newcrest got involved but that was trumped by somebody (I don't recall who) and then BHP wanted a piece of the action. So once it was clear that there was competition amongst the world's biggest players, the share price continued to rise. However, it has since stagnated as those rises are digested. It needs something significant to get it going again (the resource statement next year may be a catalyst if it is genuinely huge). In contrast, ARS probably doesn't have a resource quite as big as SOLG and, as such, I don't expect there to be a massive scramble by the majors to get involved. I do, however, expect some interest once the BFS is published as there will, without a doubt, be some entity who will want to fund development in return for a slice of the pie.

Well, the comparison, whilst not wholly unreasonable, is a little misleading. For a start, Wafi-Golpu is currently a lot bigger than Beutong (in terms of copper, about 4.5x, in terms of gold, about 13x) but it is also somewhat more advanced, particularly in terms of resource classification - Wafi-Golpu has a significant amount of its resources classified as reserves. That said, there is scope to increase the scale of Beutong and at least you can plausibly mention them in the same breath which is quite often not the case on these bulletin boards (see GGP).

Damn. Stop buying guys - hasn't reached my buy price yet.

Personally I would forget it. Life is too short to waste on these people.

Well, everyone has their own method for investing. I have come across many people that only look at the price action - they know nothing about the company at all. This does ensure that they don't become emotionally attached to a share which I am sure most of us have been guilty of at some point in the past. I know I have. I tend to use fundamentals to decide on what I will invest in and technicals to assess when might be a good opportunity. I also occasionally use technicals to invest in shares that I do not view as a long term hold but I only do this rarely.

Cindercone, This doesn't impact the thought processes of ATM holders about ATM shares. As far as that transaction is concerned they are 'free' and this affects the mindset accordingly. But does it matter? You will probably find that the recent activity has shaken out a few people that would have sold on a rise anyway so the eventual impact is neutral on BMN. But the continued selling (please continue!) will provide ATM with a market capitalisation that is in no way commensurate with its prospects. I would suggest that is already the case but I am hoping that it will go lower! I was really disappointed that someone picked up �12k yesterday.

Well, it will be good to get the drill results pablo2. If these indicate continuity at Tulkubash we can look forwards to a very positive resource statement in January followed by an equally positive FS in Q1. After that we should be looking for funding to develop the operation. Given a positive (and non-dilutive) outcome to all of that, we should see a stronger share price. There is reason for optimism on this as the Chairman's holding and that of the concert party combined with the purchasing of Dekel's shares off market to prevent impacting the share price indicate that there is a desire to maintain strength in the run up to anticipated funding and limit dilution. We seem to be in a position to benefit currently from the large holding currently enjoyed by the Chairman.

Olderandwiser, I completely agree. As far as most people are concerned, these shares are free so any money they get from them is essentially a bonus. So why not sell? This,of course, has an equal impact for those choosing not to sell - they were free so it is not of much concern if they go down in price. But people should really assess the company on its merits rather than how they got the shares or what they got them for. I am not really interested in the short term and this is a real company with real prospects of its own. Its pros and cons are different to BMN and it will eventually carve out its own investor base. In the meantime I am happy for people to keep on selling. At some point the share price will be a ridiculous bargain whilst I would only call it a bargain at this price bearing in mind that it currently has a market capitalisation of just over �6m with �4.5m in the bank.

The resilience is quite impressive.

Seems very excited and confident about the prospects. Good to see that the focus is on deleveraging and cash generation which should start to come through in Q4 and then more strongly in 2018.

You actually believe that the content of this RNS caused a drop of 9%? Errm. No. A better explanation would surely be that the initial rise resulted in profit taking as you see the initial spike in the share price followed by a drop. It is all about sentiment and sentiment is driven by many things. I am sure as a TA exponent that you understand this.

That's it. Keep selling guys. At 1p this will be valued at less than �3m with �4.5m cash, $2bn of tin in the ground and a pilot production operation. Keep selling.

They seem to be barely able to contain their excitement here and have extended the drilling campaign from 11000m to 15000m and now over 17000m. This excerpt in particular shows that they feel the Tulkubash project is going to be extremely positive: "Now we are increasingly confident that the mineralisation extends for at least three kilometres". This after confirming that the open pit had doubled in September. Consider that the original open pit design was 1100m and was based on a resource of 900k+ oz it would not be beyond the realms of possibility that the resource statement could be double this. So, a potential for 2m oz resource for the pilot project. I have no idea how big this may ultimately be but in the September release they stated: "The Tulkubash Zone strikes parallel to the other two zones and has been traced for a distance of 10 kilometres to the Ishakuldy area to the northeast" If both the oxide and sulphide zones run for that distance then this could potentially be right up there with the major gold fields. It's getting close to 10m oz based on what we know already. The oxide zone is the focus currently as it is the easier option to process but this will pave the way for the much bigger sulphide zone. Lots to play for here.

Sorry for the typos. The spellchecker on my tablet is quite 'aggressive'!

�7.8m market cap with �4.5m in the bank and $2bn worth of tin in the ground, mostly open pit (with commensurately low capex) and with a pilot operation about to be completed. Keep selling guys.

A very good operational update. Singida looks like it could well turn into a very significant resource and it would be great if development of this could continue. They are right, however, to focus on further cost reductions as there is still significant amounts debt in the company and Tanzanian policies currently would appear to have made access to further funding more problematic. They look to be making better than anticipated progress on reducing costs which boxes well for the future.