Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
MT,
The Fwiji SEL wasn't due for renewal (I don't think). The fact that the Fwiji area is included in the new application seems to make it less of a risk for ARC holders. Anglo are back and in that area. The licences that the JV may hold isn't clear but in my view it does seem likely that a deal will happen.
Hi Fulmar,
It's a bit much of a confidence that Anglo apply for that area when ARC are in discussions. That area is a bidding area. It could get transferred into a JV company after Anglo are granted the licence. I think the following is impossible or at the very least unlikely 'the new license(s) may well be placed under the Anglo Exploration banner (and still owned by a seperate JV Co)'.
Good spot. Any views as to why the application is under Anglo Exploration Zambia rather than a new JV company? This suggests that the licence is not within the JV. Any thoughts as to how this could be held within the JV?
This page is due an update. Probably the max excitement that might happen this week.
http://www.arcminerals.com/investors/share-information/default.aspx
Would be good to see warrant position and confirmation major shareholders haven't changed. That last RNS seemed a bit odd.
Hi Finch,
A nice tasty roast is cooking at the moment. My oven was on the blink so I've had to replace it and also got some new cooking utensils. I'm still able to use the old oven for some mundane stuff, in order to keep the new oven in perfect working order. I've already started one roast in the new oven and another is being prepared. I didn't realise quite what a difference a new oven could make - it must have been on the blink for quite some time. I'll be retrying some of the dishes that didn't get the desired results in the past.
I wonder if Jeremy presented any KSZ data to Sandfire. They were looking for Nickel north of KAV's area in the KSZ. They did drill (I think only 1 drill) and they didn't find anything but said that their area still looked prospective and seem to now have paused exploration in that area. The fact that Sandfire have done a deal with Cobre for the gravity survey made me think that KAV wasn't in the picture but I don't know. Perhaps Sandfire and KAV can combine their quest for Nickel. I'm not sure what funds Sandfire would have to play with at the moment.
Any thoughts on the strong historical links with Reunion Mining?
Peter Wynter Bee, Brett, Michael Foster, David Smith all have history with Reunion Mining. I'm not sure if there's any connection between Chuck Forrest and Walter Forrest of Reunion Mining.
The following is pure speculation and should be treated as such.
When the strategy of collaring all 5 holes with RC, prior to completion with diamond drilling, was announced it struck me as odd. My thoughts are that this was to delay 'discovery' until the participants in the fundraise had their shares and also create excitement with 5 holes to be completed in a short space of time. It seemed to give little thought to existing shareholders and what had previously been communicated. I think the strategy may have back fired and left KAV looking even less competent. I wonder if the discovery that drill 5 hasn't hit the geology expected also means that drills 1-4 were incorrectly sited. The decisions around this appear to have had little thought for making best use of their available budget. I realise BT has said this strategy was due to the issuing of the prospectus, but I am not convinced that anything new came to light, to justify the change in strategy, after the announcement about the commencement of the drill programme. Hopefully the geologists were using a sounder strategy for coming up with the targets. I assume that now the funding is in place the larger holders will be putting pressure on KAV to deliver a competent 'discovery programme'. Hopefully KAV will hit the longed for discovery without expending too much effort on trying to reinvent the 'KCB wheel'.
I actually thought the recent interviews were an improvement over previous ones with the exception of the rather scathing comments about existing shareholders.
Crux Investor
https://youtube.com/watch?v=-DAIik6AdSM&feature=youtu.be
BT did sound convinced about the CSAMT, I wondered the same as you with regard to hole 5. He talked about the various regions within the D'kar, I wonder if someone has accidentally identified the bottom of upper D'kar to site the drill rather than the bottom of the lower D'kar. It sounds like an unforgivable mistake to make but I have experience in much more critical activities where everything is checked across many forums and there are still some startlingly simple escapes.
I listened to the recording. I thought BT was attempting to make it 'less rampy' and more informative. It doesn't sound like KAV have hit bonanza copper but they would have been quite lucky to hit in the first 5 holes.
I wasn't totally convinced about the answer to the time taken for drilling. I am interested to see what KAV are going to issue in the next 2 weeks to provide compelling verification of the CSAMT.