Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
SeisNav,
One of the most significant pieces of news that ARC received in the last 2 years was the assy results from the drilling. Have a look at expectations for the assays on the massive copper sulphide intercept. I think you'll find my expectations were more in line with what was delivered than many others on here. I also pridicted that the spike before MI22 was exactly that.
BTW have you come across an historic map that marks Fwiji in a different location? I only found one instance so probably an error :-)
Rothschild have been working on behalf of ARC for nearly 2 years. We were told the fees are success based. I can't find any specific info on JV success fees but for M&A transactions the fees seem to range from 1% to 10%, where a higher avalue deal attracts lower precentage. Does anyone expect Rothschild to be paid less than NVS has been for those 2 years?
I haven't looked at the satellite images. Kav have been trying to prove their prowess with CSAMT. They surveyed some of their own ground and then surveyed the Sandfire Kronos deposit next door. They reckoned it was successful. I don't know the links with Arc and the ex Reunion Mining guys now but Michael Foster and Brett Grist worked on Casa and Michael was involved with Arc and KAV. Brett is now KAV's COO so it struck me that a similar survey might be mutually beneficial between Banana Peel and ARC's area of interest.
This has pretty much zero evidence to support any speculation but is it possible Kobold could be interested in the KSZ?
I note a paper of Peter Lightfoot's is mentioned in the 2020 KAV prospectus.
I haven't seen any mention of KAV at the Indaba next week but I haven't checked the latest attendees.
That is a farce. How many highly talented people did it take to pre-collar 5 drill holes and make what appears to be an utter shambles of the drill program?
I note what appears to be a new vesting clause related to the company being subject to a change of control.
'The Amended Options will fully vest in the event that Kavango's reported mid-market share price closes at 7.5 pence or above on five separate trading days and/or the Company is subject to a change of control.'
Turtlewax is well informed but I must say I found F79's post today rather interesting. I'm sure F79 would be pleased to see everyone get a return on their long term investment. Let's hope we all get our just rewards, the JV is looking secure, even if we don't have a date or the fine detail.
I had an interesting read of some old ASX ANNs today. Fwiji does seem to have a rather interesting statement against some quite innocuous assays.
Perhaps Turtlewax will get a chance to upgrade the Grant's whiskey, previously mentioned, when the JV is finally signed.
F79,
If Anglo sign a JV and then find a tier one deposit it would obviously add a LOT of value, the announced JV terms ahould allow for significant drilling. It takes time and a heck of a lot of money to develop a mine, which is worth bearing in mind when looking at any potential upside here.
Thanks F79,
It was the 15/9/23 expiry date I was after (to confirm that it hadn't expired). The area does reside within the LML and LEL applications. I just wanted to confirm what I was nearly certain about regarding the date.
SeisNav,
Perhaps you can point me to a reference point for your statement that a mining licence trumps an exploration licence? It struck me as an odd statement to make and I am not aware of anything in the mines and minerals act that says that.
MT,
That is a very valid point about Kopara's share which I hadn't considered in the current cadastre updates. How does Anglo apply for a licence related to JV with ARC, when Kopara own a portion of that licence area? Can anyone cinfirm when the Fwiji licence expired? The fact that the Fwiji licence was removed to allow Anglo to apply for the area suggested to me that it was within the remit of the JV but I hadn't considered the Kopara angle fully.