Member Info for Ella10

Bumbles and the magic 8th Feb date didn't hold much water Let's see how the deal progresses in the next month considering AA are trying to land the right commercial terms. KEVB's silence was telling.

Anglo Exploration Zambia is a subsidiary of Anglo American, not a JV vehicle.

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 :-)

Expenses form part of the investment case. The intent of the post is to consider the range that the fee may be in. This is the info that I have managed to find on success based fees.

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.

A CSAMT survey being performed?

Oops, just found the info in the 4th Jan RNS.

I see PJ has set up a new company that POW has an interest in. I would guess this relates to Molopo Farms/ Kalahari key? Has there been any info on this?

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.'

The JV Vehicle may only own shares in the company(s) that hold the licences. Kopara may be retaining their share, or AA may buy them out, or...

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.

Well done, a positive message.

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.

Valueseeker,
I'm sure that outlook will be useful on 10 days time. Let's hope ARC's licences manage to see some drilling this year.

Valueseeker,
It's taken nearly 3 years to negotiate a JV and it's not done yet. Let's get the JV done before flogging a fully developed mine.

There was a stage between the Lumwana deposit being discovered and being sold for billions - it was the devopment of a mine.

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.