Member Info for Ella10

JP,
I wonder if they have found something unexpected and that is why Brett has gone out agaon? Is it possible they could have come across Nickel or something else equally unexpected? It could also be something gone badly wrong.

Is it just markings from.core logging?

What is the yellow tinge on the core in the background?

Nah, I was thinking more along the lines of one related to the current effort :-)

Perhaps ARC waiting for a new director before releasing the next RNS?

Cobre attempted to provide a plot of intercept versus grade for some economic deposits in the KCB. I assume it was to reassure when their first assays for this year were announced. It is of limited benefit without the rest of the data. Page 6 here
https://app.sharelinktechnologies.com/announcement/asx/128dc173e8e7e8afee793697e831e831

https://mobile.twitter.com/Ben_Turney/status/1564203340229234688
EEL carried out an AEM and gravity survey on part of their licence area earlier in the year. Their licences lie between KAV's Mamuno and Ghanzi licences. The results are expected this month. It might give some more info for the Mamuno licences.

Fair comment :-)

My understanding is as follows (which may be way off)
Tingo have 1.2bn shares in issue.
Mict have about 129m shares in issue (I think!)
Initially Tingo will own approx 20% of MICT shares. I think this will equate to of the order of 32m shares. I haven't found definitive numbers for MICT shares in issue or confirmation that the 20% is after the issue of the shares to Tingo. 3m shares in Tingo will effectively 'own' (32,000,000/1,200,000,000)×3,000,000 = 80,000 MICT shares. They will own more shares later.
Quite happy for someone to tell me the above is wrong, provided they can point out what is incorrect. The way the 2 shares are trading doesn't make any sense to me. Tingo currently has a market cap of $1.1bn but owns 20% of a circa $150m company?????(admittedly it will in the future own a larger % and presumably the mcap will also increase). It will be interesting to see how it plays out. Comments please...

Hi ihowells,
Are you suggesting that ARC now hold 600,000 MICT shares?

The article I referenced had a section on investment in Zambia and specifically mining. A Anglo appear to have considered investing in Zambia and I consider this article relevant.
ARC will NOT own 20% of the shares of MICT. Previous Tingo shareholders now own approx 20% of MICT. Care to calculate what those 3m Tingo shares are now worth?

So the previous shareholders in Tingo now own approx 20% of MICT?

FQM have announced their investment in Zambia. I haven't seen an announcement from Anglo. Perhaps I missed it????

Perhaps you should read the article? There is a section about mining and investment at the end!

Anyone betting on a deal before Christmas?

https://www.reuters.com/business/zambia-pushing-hard-restructure-debt-q1-finance-minister-2022-11-30/?rpc=401&

Hi Steve ,
Thanks for providing a very detailed analysis. Can you educate me on how you came to the OPEX value and (if you know) how that might be better or worse than expected. I assume that the unknowns here are strip ratio and waste ore.

Anyone know anything about this Douglas Wright character? What value will he add? He seems to own a reasonable number of shares but no warrants??

I think POW are pretty well diversified but I've started to have a look at some graphite companies myself.

Hi Keith,
Thats along the lines of what I would like to have seen. The following just struck me as a possibility. I think that I had looked for Kronos drill results previously and couldn't find any. Is it possible that they have done the CSAMT but there are no publicly available drill results for the Kronos deposit? I'm not sure if Sandfire would give KAV access to info that wasn't in the public domain. Perhaps the best they have is 'we know that there's copper down there and the now we know what the CSAMT looks like for a known deposit'?

Mordi,
I agree about it being a standalone statement, However, there is nothing in the body of the RNS, that I can see, that provides any confidence against the kronos deposit. There is a quote from Jeremy but that appears to be the height of it.