Member Info for Ella10

Hi SeisNav,
The original Zamsort LEL was granted on 10/9/2014.

From recollection it was Fairbride expected Q2, I think from our last updates Boa Esperanza and Guy Fawkes were supposed to be earlier. Maybe we are about to get an RNS to state that CB forgot to update us on the income we are currrently receiving from Manica....

Speculation that CB is in some sort of negotiation that prevents him releasing assay results does not appear consistent with releasing the IP survey results and the announcement of technical and financial modelling for an open pit mine. Why would there be restrictions on assay results only

That's what I thought at the time, hence my query if there had been any specific mention of Kalaba in th IC. I couldn't remember any mention of Kalaba. Any one know how chief areas are divided up in Zambia?

I think we will see a deal fairly soon, assuming the Kalaba licence has been relinquushed as part if the deal. We wouldn't have done that until deal was signed (and almost delivered). That's my thought anyway, although the SP doesn't appear to agree that a good deal is about to be delivered.

I have seen worrying licence situations in Zambia in the past. I'm not concerned about these changes at the moment as the area has been moved under Handa and I'm pretty convinced that wouldn't have happened if the licences had been revoked. I assume (possibly incorrectly) that Kalaba is too smalll for AA and that relinquishing the minimg licence will mean no pressure to be seen to be mining the resource in the next year. All speculation of course.

Those don't appear to exist anymore - so I'm guessing they were Kalaba.

Hi F79,
19906 is now Handa LEL, 23004 and 23005 are still Zaco LELs. I did do a search for Zamsort which found no entries in the mining cadastre.

Hi Fulmar,
The Kalaba area is now covered by the handa LEL but no mining licence is showing in the area. These changes were completed today so could be a work in progress. I assumed that AA probably wouldn't use the Kalaba plant. I don't have the Kalaba licence number to search do on it.

What the heck happened to the SP. To me the lack of a mining licence at Kalaba signifies a deal pretty much complete in that AA won't use Kalaba to process the ore. Am I missing something?

Thanks for checking. That must mean any historical info, drill results and soil sampling hasn't ruled out much of the target areas and if we get back promising results we are going to drill once every 14km2?

I would love someone to do a sanity check on the km2 that are being flown for the survey. I can't see any error I've made but it seems a very large area. I think it was about 13mins into the IC.

SeisNav,
that is an interesting change! There is no longer a mining licence for Kalaba unless it is still a work in progress... puts paid to a community effort on Kalaba. The exploratiin licence appears to have been absorbed into Handa. I suppose that means there will be no pressure to perform mining activities in the near future.

Hi Phoenix,
Thanks for drawing that to my attention. I have saved it for future reference. I look forward to reading about it in the company accounts when issued.

I think it would be reassuring if some of the LTH could cite an example (or two) where news was delivered very late but was better (or at least as good as) what might reasonably have been expected from the previous newsflow. I hope CB doesn't expect to be able to keep the assay results until delivering phase 2 drill results.

LittleWing,
As Steve has alluded to it may well have been a figment of his imagination.

Cheers Gixxer,
It'll take a bit of digesting...

Anyone know how these plots are calibrated? I notice the scale on the historic survey (April presentation) and the scale on the latest survey are different. Red on the historic survey was 90mV/V and the current one is 50mV/V.

Oiltap,
I suggest you read the RNS again. There were 2 parts to the deal. The SFR investment in GLR shares was unconditional at the time the RNS was released, whereas the sale of the licences was conditional with a long stop date of July from memory. Can you please point to any evidence that this deal has now completed and the money is in the bank. I am not suggesting that it won't complete just that there is a lack of evidence that it has completed. The fact that SFR holds shares in GLR is ZERO indication of the sale of licences having completed.

LittleWing,

A decision to mine also triggers the AA option to buy. Either CB is using this as a distraction from disappointing assay results or perhaps for some reason he wants to get AA to declare their hand in order to involve other parties. The latter suggests he either is not confident of 2MT or doesn't want to continue drilling to get to JORC perhaps because another party has shown interest.