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The last interview CB did, he mentioned the KCB, then seemed to backtrack or change the subject quickly. Obvs not concrete evidence of anything but interesting if your glass is half full on the subject of KCB retained liscences

*R107m

Afrimat profit up to R4.7b they owe us approx £107m approx just 2.3% of that profit.
Surely cances are high they will sign off the deal for the full shares on the 15th

Afrimat CEO confirming they are debt free with a strong cash flow, wanting to get glenover into production ASAP

https://m.miningweekly.com/article/afrimat-further-diversifies-with-glenover-phosphate-acquisition-2021-12-09/rep_id:3861

Let's hope this means they want 100% of the shares ASAP too

Sight change of subject, but we are also due the update in the airborne survey of lithium/gold asset. 26th April RNS stated 4-5 weeks for the data back. We are now at week 6!

good work Pitstok!

Hopefully Flipper, im in it for the medium term, but a nice SP rise based on the cash in the bank we have been seeing after installments from Glenover sale would be very nice.

i think we are overdue an update on Kash exploration now the wet season in Zambia is over

just over a week until "G" Day. Afrimat will hopefully purchase the shares and without the extension. thats 50% of our MCAP pretty much in the bank

"a) ZAR10M (approx. £470K) by way of distribution by Glenover in relation to the conditional sale of Vermiculite Mining Rights by Glenover (the "Vermiculite Mining Right Consideration") which is conditional on i) the mining right to mine certain minerals on the property known as Farm Glenover 371 L.Q. (the "Mining Right") being granted to Glenover by 15 June 2022; and ii) by no later than 15 June 2022, the Water Use License Application ("WULA") having been granted and a period of 30 days have lapsed since the date of grant of the WULA without any appeal having been lodged against the grant of the WULA; and



b) ZAR102M (approx. £4.78M) being its portion of the share sale proceeds due under the Glenover Share Sale Agreement (the "Sale Shares Consideration") which is conditional on Afrimat by 15 June 2022 or, if an extension has been granted by 10 November 202 exercising their option to acquire the Glenover Shares."

and it has

I just picked a load up at 1.06 (from II) also, below the 1.075 LSE shows as the SP, so will probably show as a sell

I just picked a load up at 1.06 (from II) also, below the 1.075 LSE shows as the SP, so will probably show as a sell

That will do nicely. It's not a matter of "if" but "when" for Luansobe

£5m in the bank, £5m next month for glenover, £2m owned in Sandfire shares = £12m. Market cap £11m so we are way under valued

11th April was zambias completion date for the ministry of mines suspension on liscences, 30 days the liscence process says for review, which was yesterday for the SZ liscence, so we should find out any day now from the cadestre database. This will open up the taps on our £500k to £1m a month royalties.

CB said may would be a busy month, so it's all to play for

I'm pretty sure I read a while back MM that the Botswanan government have funded and installed mains power to various areas on the KCB to make mining viable. Predecessors to Sanfire have failed due to outlay of fuel costs for generators. With the backing of the government in the area funding power infrastructure, other things such as transfer of liscence deeds.........sales etc will go through easier

CCC being up for sale is a good thing for us, new investment, new money and plans coming to the area. There's a world monopoly starting for copper assets. Buy and hold, so no one else gets it. If someone can afford $1.5billion to buy CCC, they can afford say
......an extra $20m as it stands now for PL039 and P040 which are right next door to CCCs zone 5. hopefully pay more if we can prove up our licenses further.

Some decent movement here, this could be the re rate. Nearly May which CB promised as a busy month

£5m in the bank, £5m very highly likely in June and £2m owned on Sandfire shares.

How the h*ll is the Mcap still only £14m!!?

Between now and June I can see this steadily re rating to take into account that highly likely £5m before the actual date(20th). The alternative is an overnight 50% or so increase in sp once the money lands which anyone doing any research would want a part of........hence why I think the re rate will occur

Thats without taking into account any progress in all th le other assets

Hi HD, your right about the Luansobe updates. CBs interview with Zac on 30th March said that Addison mining were in their final throws of the review for the potential open pit of 3-5m tons. Combined with a few comments about more drilling, checking current cores and having £5m in the bank that will pay for "fast and agressive" exploration. Hopefully word of starting that will be soon.

He quoted may being an exciting month and autumn after that. Maybe may for start drilling, then the "sleepy summer" drilling and some analysis before an exciting autumn of results

Also 2 months left to go for a further £5m from Glenover sale

Great movement. Surely the liscence for SZ is just around the corner for us. Iv been checking every day, it's still at "Application validated &pending MLC decision"

This will open up the taps on our zinc royalties

https://www.google.co.uk/amp/s/www.iol.co.za/amp/business-report/companies/afrimat-flags-annual-profit-to-rise-by-up-to-32-206d5fed-a3db-4911-ab30-2b7f7aa3223a

This bodes well for us, safeguarding the remaining $5.3m for the glenover sale 15th June

Great call CHRI5P, the change in behaviour is a good sign. Usually up then down again in the afternoon as people seem to sell into the day close. We've held!

Let's hope for a decent starting platform for when news hits of Kash drilling starting, kcb retained liscence drill results, SZ (Siege) small scaleining lisvence approval, Luansobe drill starting and our £5m in July......to name but a few :-).

A share re rate worthy of wver there was one