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"We are pleased by the market's recognition of our technology advantages and confident we will add new contracts as 2023 progresses. "
ATB
...on asx, closed approx 0.975p equiv
118 days since letter of discontent.
From last time just out of interest...
My post 19/05/21 "Then 114 days later"
ATB
I had a quick go at that this morning, estimated their av 0.00137, their exposure approx 190k.
Thats if they got an av of 0.0025 for the 47.5m ish sold between placings tho, so agree 0.00145 generous.
Fully exercised I estimated they stand at 368k for 211.5m at 0.00174.
Looking forward to the drills tho, jacks areas looking very promising, imo.
AIMO ATB
https://sprottetfs.com/copj-sprott-junior-copper-miners-etf/
Humble beginnings but still
Apols if already posted
ATB
(26/10/23 bzt rns for example) as attention to detail can make a huge difference
should =
(26/10/22 bzt rns for example) as attention to detail can make a huge difference
lol
2/2
Titbits of interest – of limited meaning, and certainly no suggestion that mere connections & partial parallels could predict similar quantum (more likely on a directional basis tho) of outcome but was of interest to me nonetheless, considering the relative mineral endowments etc.
Interesting watch from 11:30 to 18:00 re my omi holding primarily as to what’s possible from the deseado massif but also of some interest re idmi/bzt.
https://www.youtube.com/watch?v=Bx4-aIEwkWs&t=1927s
As for bzt connection….
In my posts 28/09/21 parts 1/13 & 2/13 I explained how I was interested to know who was behind/involved in idm, since then reading public info from further googling combined with later info kindly relayed to this bb via Prickly 24/08/22 “He retains great faith in Geoff Gilmore, the entrepreneur behind IDM”
https://www.businessnews.com.au/Person/Geoffrey-Gilmour
in the above link to the right of the short bio shows GG as non exec director of idmi.
https://www.businessnews.com.au/Company/IDM-International
in the above link it was interesting to click on past people and see a familiar name from my holdings in ufo and euz, he gets about.
https://sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00025315&issuerType=03&projectNo=01243097&docId=2165177
In the context of the video a look at pages 7/22 as well as 11/26 and 12/26 in the above link provide some colour on the description DR gave from about 14:30, together with plans of the team.
https://sedar.com/GetFile.do?lang=EN&docClass=2&issuerNo=00025315&issuerType=03&projectNo=01172103&docId=2064690
A quick review of the above link pg 14/65 top holders shows how both macquaire and sentient standout as ‘in common’ between the top holders of both Andean and IDMI (see also link immediately below), GG at the time had 1.75%.
https://www.intelligentinvestor.com.au/shares/asx-idm/idm-international-ltd
As of the outcome of ‘future plans’ – the studies were completed.
Oct 2008 Andean Cerro Negro PFS
https://sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00025315&issuerType=03&projectNo=01334471&docId=2297011
July 2010 Andean cerro negro FS
https://www.kitco.com/pr/1267/article_07062010163152.pdf#:~:text=This%20feasibility%20study%20represents%20a%20solid%20foundation%20upon,costs%20and%20an%20improved%20social%20benefit%20in%20Argentina.%E2%80%9D
And a sale timed (cycle wise) very well - September 2010
https://www.proactiveinvestors.com/companies/news/69346/-goldcorp-snatches-andean-resources-in-36bn-deal-trumping-eldorados-earlier-bid-8140.html
Just to stress - some connection with a success story does not mean any, otherwise unsubstantiated, expectation of comparable repeat 'should' exist but I simply post as could be of general interest as background to an apparently involved individual and to record (& increase ease of repeat access to) the contained info.
AIMO ATB
1/2
After a recent look back on my previous posts on bzt I suddenly became aware of a big mistake I had been ‘operating under’ for many months. On 28/09/21 I posted some research and thoughts on bzt in post 12/13 I remarked on the then recent release of minemba drilling at kalegwa in Zambia, remarking “but the word gold was absent from rns prose, bulletin board reaction and follow up interview” this resulted from my mis-read of the rns, reading (‘in the moment’) Ag as gold when obvs it is silver. Luckily my actions towards bzt investment based on this mis-read were negligible but I was not corrected on the blatant mistake on this bb and only realised relatively recently. I do generally try to read rns’ very carefully and on occasion re read many times (26/10/23 bzt rns for example) as attention to detail can make a huge difference, but sometimes attentional dilution prevails until a misunderstanding becomes accepted as apparent reality in my mind when busy life commitments and multiple dozen investments are involved. That being said, and in no way am I surprised or in anyway put out by the lack of correction – it is not an expectation of mine in posting (although an obvs nice to have and always welcome bonus), my 28/09/21 post was lengthy, rambling and in parts dense, however I do have time currently to offer a likely correction to a post from yesterday I read concerning two 1000m drills at mank…
Any market excitement regarding the drilling of two 1000m holes, surely ought to have already occurred since those holes, apparently, imo, have already been drilled and likely at a cost of >500k usd before the release of the 26/10/23 rns.
Past tense in the following, for me, is unambiguous.
“IDM International, through Crescent Mining Development Corporation's ("Crescent"), have made very good progress on initial Pre-Feasibility Studies on the Mankayan copper gold project in the Philippines since IDM Mankayan acquired its interest in the Mankayan project in October 2021. This has included:”
Or once para phrased - IDMI have made progress on Mankayan since acquiring an interest in 2021, this has included.
Six bullet pointed activities, one of which reads…
“ The completion of 2 Pre-feasibility holes to depths of ~1,000m each focusing on metallurgy, geotechnical and hydrogeological studies and the collection and management of all data produced from the 2 holes for analysis by Crescent's in country team and its advisors;”
“The completion of” reads to me, that the holes have been drilled.
Any market excitement in regards to “the prospect” of drilling these holes was negated by the fact ‘the market’ was only informed about them *specifically*, after completion.
AIMO
This lse page now changed name, so looks like this is going to be the place, cla supposed to list on aim today apparently. Been looking forward to this one.
The contained copper within this company via jorc resources stands out especially - in <100m usd mcap range.
The Namibian cobalt opportunity is massive but imo barely has any value 'priced in' (at <£15m ipo) at present as they, so far, I understand, can't get the the economics from a met work angle. If they could solve that (which they are actively trying) - very happy days (the asset is looks to have global significance), imo.
Philippines is on the up, imo, for miners, despite apparent ongoing regulatory headwind, action of knowledgeable, 'up to speed', experienced, 'on the ground' entites bodes well.
They look to be closing in the the mcb mpsa - likely H1 2023 imo.
AIMO ATB
oops, typo spotted in my 18:02 post.
to correct...excerpt from my calc
" 70,476,560 x 0.20aud = 14,095,312 aud or (with fx 0.55gbp:1aud) £7,752,421 on a 100% basis, meaning bzts 27.5% interest gets valued at £2,131,926 or 0.042p on a per share basis (£0.0004195) "
ATB
As posted 11/12/22
" https://profile.lsegissuerservices.com/upcoming-issues/CelsiusResourcesLimited
Benchmarking has been, and likely will continue to (increasingly) be interesting, imo."
Along side this update (below) - into the public today, of course the institution/s in common will have been aware of a ball park for a while I suspect ? (among other things).
https://www.barrons.com/amp/articles/celsius-resources-expects-gbp14-8-mln-market-cap-at-start-of-london-trading-in-late-january-151674642927
Together with 26/10/22 rns suggesting bzt stake in idmi of value above 0.004p per share for the cln enabled insider parties at private company stage. Mundane was not the first word that popped into my head whilst reading that news.
For me a comparison demonstrates considerable potential upside for bezant. No clear cut comp possible of course but very rough gauge of advancement stage, permitting/licence stage, resources (catagorised) attributable, mining type etc was a reassuring exercise personally.
My interst in hope garob has gradually risen over the months. Still, eureka for me is the least talked about and likely least 'priced in' fallowed asset of the stable, not sure for how much longer but am happy to wait it out accumulating slowly bit by bit.
Being completely wrong by likely (hopefully just) a year for copper to make a move higher has been painfull but action over that year may end up with pain to gain transition one day. Out performance v spx emerging very recently from where I'm looking (jan and feb closes of interest).
Phillipines tax news looking rough but the local guy is looking at backing cla and glencore came out other day looking to expand into (mainly for Ni) the place, so can't be that bad?
AIMO ATB
https://districtmetals.com/news/district-applies-for-mineral-license-that-encompasses-the-majority-of-the-polymetallic-viken-deposit-in-central-sweden-
Missed the link to the 05/01/23 announcement from District, re earlier post.
Step by step seems to be getting closer.
https://www.di.se/nyheter/liberalerna-vander-majoritet-nu-for-uranbrytning/
Motion for overturning 2018 uranium mining ban set for March 2023 apparently and current parliamentary majority bodes well for sentiment towards Haggan.
Next uranium leg looking like might be starting too.
Viken deposit literally skirts the western shore of Storsjon, if they were to get the go ahead there, makes the case for Haggen on a relative basis all the more clear imo, they only looking to explore a the mo but still - demonstration of MI current mindset is indicated to be delivered pre vote on the above mentioned motion.
"The Bergsstaten (Mining Inspectorate) is expected to reach a decision on the Company’s Viken nr 101 mineral license application by the end of February 2023"
https://mobile.twitter.com/Dave8513/status/1100532578682105857
https://mobile.twitter.com/Dave8513/status/1103605205575393280 (eu energy can now be read as district in this context).
Tiris near term updates/upgrades eagerly awaited, financing terms (reasonably to be expected within 12 months ish ?) will be a personal 'big tell' - remaining hopeful for now, dfs getting out dated now tho - inflation catches all, on a relative basis still very low cost and capitalisation still cheap. Re scaling, maybe, can negate most of inflationary pressure on opex?
Looking forward to finding out.
Haggan scoping study from 2019 (?from memory?) still not released - cant see any possible excuse now, most recent was 'Aura's market cap is too low' - re rating has been in place for well over a year now. Anyway, no brainer of a free ride currently and content to wait it out.
AIMO ATB
https://profile.lsegissuerservices.com/upcoming-issues/CelsiusResourcesLimited
Benchmarking has been, and likely will continue to (increasingly) be interesting, imo.
ATB
https://mobile.twitter.com/ValeuraEnergy/status/1600155429354737665
...thing pretty big happened, sounds good so far, cf ~30m usd /month just mentioned on now live webinar.
Divs mentioned if closed and goes according to plan decommisioning needs big funding tho at some point.
Interesting anyhow
AIMO ATB
As said (23/11/22), been trying to think of an alternative, logical, and fiduciarily responsible reason to not drawdown tranche 3 for the final £300k from last November’s funding facility, other than – ‘it is not required’ or ‘was deemed suboptimal funding at end of October’?
A drawdown fee of £6k at recent vwap would have meant issuing <10m shares and the £150k of 0.32p warrants issuable, currently seems like cheap potential money, considering we have been sub 0.11p for >2 months now. The £300k would have been convertible to shares at a fixed 0.25p per share >150% above the current sp. The money raised from tranche 3, imo, would have covered the June drawdowns due 30/06/23.
https://www.lse.co.uk/rns/BZT/interim-results-for-six-months-ended-30-june-2022-edrxb3u3ultc71m.html
“£250,000 of this drawdown was received on 30 June 2022”
https://www.lse.co.uk/rns/BZT/funding-facility-pnfwt2fpw9as6jy.html
“must repay each Loan Tranche on the first anniversary of the advance by the Lender of the applicable Loan Tranche”
So only £250k due 30/06/23, possibly? I could see how maybe £350k (a full single tranche amount) could also be due by this wording, potentially, but much less so the full £700k?
“£300,000 to be drawn down from 1 May 2022 or within 6 months of 1 May 2022 ("Loan Tranche 3").”
So suggesting that the last day to drawdown tranche 3 was 31/10/22 or 01/11/22 - backed up by the clause below (didn’t happen as 2 drawdowns were completed).
“If there are no drawdown's under two or more of the Loan Tranches then on 1 November 2022 which is 6 months after the Loan Tranche Three Drawdown Date of 1 May 2022 the Company will issue a three year warrant to the Lender for an amount equal to 25% of the Working Capital Facility Amount that has not been drawndown with an exercise price of 0.32 pence per share.”
Pure opinion obviously but thinking - ‘it is not required’ – very confident c.£700k fixed conversion will happen, either at behest of Sanderson or via 5 days of closing sp >0.35p - at behest of bzt.
‘deemed suboptimal funding at end of October’? a better/cheaper/less dilutive way to raise £300k (potentially up to £450k) was/is expected in the applicable timeframe.
Btw we seems far more favourable cf dc if appropriate ‘gap’ exists and things pan out fortuitously.
Could easily be wrong in the above (just £250k) but how its all worded just opened it up as an apparently possibility for consideration at least – my overall bzt bullish view is not contingent on this specific situational scenario actually be accurately the case.
AIMO ATB
Been wondering why no drawdown of tranche 3 appears to have happened. Thought it thru and seems there should be a good (strong) reason for this and cant help but feel positive about what that reason could be, would have effectively been like raising £300k at 0.25p vs sp of sub 0.1p
AIMO ATB
>1.5% of bzt
ATB
2/2
https://zm.linkedin.com/in/geoffrey-siame-23593173
Seems generally more of an enviro than explorer but same team (?) as likes of TR
https://vimeo.com/121320671
https://www.amazon.co.uk/Pillars-Starting-Mining-Company-Minestarters/dp/1520171145
3% Luangwa owner wrote a book on start ups
https://www.google.com/url?sa=t&source=web&cd=&ved=2ahUKEwjRlqebmJ77AhVNQ0EAHSP8B6kQjjh6BAgMEAE&url=https%3A%2F%2Fuk.linkedin.com%2Fin%2Fmike-armitage-62062313&usg=AOvVaw1KcvlFj_YyhslddVTiVpza
Recently joined from srk who involved in miltiple large zambian projects including trident
https://www.lse.co.uk/rns/TYM/exploration-update-jacks-copper-project-6y2telkhhp0rk82.html
"RST drilled a series of core holes in the area of the copper showings which coincides with the nose of a fold structure. Several zones of low-grade copper were reportedly intersected."
But, all importantly (for the above context)....
Todays rns - "Results from pXRF analysis are regarded as provisional and check samples are now being sent to South African laboratory for traditional wet chemical analysis."
Ive chosen, in this situation to see the donut rather than the hole.
Rain coming https://climateknowledgeportal.worldbank.org/country/zambia/climate-data-historical#:~:text=Zambia%20experiences%20a%20predominantly%20sub,May%20to%20mid%2DAugust).
Offtopic sidenote, accounts that have long since disappeared can (or could when I looked) still be indirectly interrogated via ichnologically rich remnant archives - an exercise that helped my, 'perspective' towards certain 'past performance'.
AIMO ATB