Member Info for Ella10

A couple of releases from Sandfire today. They are planning a massive airborne gravity/gradiometry survey over their tenements in the KCB.
https://sfr.live.irmau.com/site/pdf/90c85079-cd96-485a-8bfc-4d47ce959eac/Motheo-A1-Satellite-Prospect-Exploration-Update.pdf

A couple of releases from Sandfire today. Thay are planning a massive airborne gravity/gradiometry survey over their tenements in the KCB.
https://sfr.live.irmau.com/site/pdf/90c85079-cd96-485a-8bfc-4d47ce959eac/Motheo-A1-Satellite-Prospect-Exploration-Update.pdf

Hi Turtlewax,
I don't believe thay I am 'playing nasty'. I am encouraging investors to do their own research. They should then invest based on that, not on what I post. I can see the JV concluding but I'm not convinced it will be on the original terms or with the (near) complete licence area that ARC originally held. You may wish to check some timelines to see where nasty rears it's head! I am not suggesting I have all the answers, I probably don't even have all the questions.

I hope whoever transcribed the conference call gets commission every time it is used. That would have been a good deal!

Hi F79,
Small scale mining licences have citizen ownership requirements but small scale exploration licences don't. ARC have a small scale exploration licence.
The licences are listed in the annual report, the Afrimin licence is not included. The transfer to Afrimin happened 6 months before the previous 19906 licence expired but at a similar
time to 19906 being renewed.

I don't believe exploration licences have citizen requirements. Small scale mining licences do but ARC don't have any of those. Thinking about that, it does perhaps give some credibility to NvS statement re the reorganisation of the licences in the May 2021 investor call (!!!!).
I sort of agree with most SeisNav's comments about the licences with the following caveats
The relinquishment requirements seem semi flexible. From the annual report one would assume that ARC don't have the Afrimin licence. The bidding area over the N. Zaco licence is a relatively recent change and would suggest to me that it will be no longer within ARC's control.

That tweet restores some of my faith in KAV!

A bit different to last year's fully funded raise then? It looks like cash will be low. If the JV was in place, with the previously outlined terms, then I agree that a fund raise would be unnecessary, but I don't see a JV happening in the next month and I don't think that they could leave it much longer. A lot of supported selling happening - it doesn't look like a single PI. I suppose it could be the directors selling...

Does rocket fuel have a long shelf life?

'It’s easy to justify, traders bought in this morning knowing the news would push the price up and then sold again when it stopped'
The above in no way explains the large sells in relation to buys.

I assume the blocked areas are those designated as bidding areas in the cadastre - that ties up with the news release you highlighted :-)

The North Zaco licence is one of the blocked licences. ARC have about 290km2 of licences now.

I've mentioned African Alliance before in reference to funding (I have no real knowledge of them) . I suspect that they would want to see a listing that included the BSE.
I think there may be another project under consideration for KAV. Have a look at BT's tweets from the end of August. Around the time of his visit to Zimababwe he said something about the opportunities he was seeing.

Confirmation that they are still drilling
https://mobile.twitter.com/PowerMetRes/status/1580902537581821952

Core stacked in boxes and laid out on the ground. Drilling deepwr than TD?

https://www.powermetalresources.com/investors/gallery/molopo-farms-complex-botswana/

I'm guessing that they are trying to put together a visual report RNS and it may be proving challenging

https://mobile.twitter.com/PowerMetRes/status/1580885207606910978

From the Dec 2020 RNS
'We are told that with ultramafic rock in this area it is difficult to see sulphides on the core surface, and easier on a cut surface, so there remains work to be done to determine metal content.'

Thanks Metalhead,
That's an interesting and logical approach to trying to assess the value of an IPO. I'll need to mull it over see if it changes my view. The warrants and NSR complicate things(relating to KAV's share of assets rather than an IPO).
I do wonder if the following would come into play in your suggested scenario
'In the event that Kavango sells all or part of Kanye for in excess of £7.5 million, Power Metal will be paid a proportion of the gross excess received by Kavango above £7.5 million (the "Sell-On Premium"). (e.g. if Kanye is sold for £50 million in month 15, POW would receive £4.25million). The Sell-On Premium is 20% for 6 months from execution of the Agreement, 15% for 7-12 months from execution of the agreement, 10% for 13-18 months from execution of the agreement and 5% for 19-24 months from execution of the Agreement, after which the Sell-On Premium will lapse.'

Perhaps this core is full to the brim with PGEs and KAV's POW shares can fund the drilling
https://mobile.twitter.com/PowerMetRes/status/1580606639404507143

Hi Legalwolf,
This tweet appears to try to address that question. I'm not convinceed aboit why Kanye doesn't require liquidity. Surely to realise any value from a listing you need liquidity? I haven't asked the question.
https://mobile.twitter.com/Ben_Turney/status/1580514071262023680

Maybe not.

The latest photo shows the rig in a new position?

I haven't listened to the complete interview, but after a short period of things looking really positive for KAV, I am disappointed.
Plans are to IPO Kanye. PL082 isn't part of Kanye but from previous interviews I got the impression that they were keeping their options open. They paid what appeared to be a premium for 50% and plan to IPO. The prospects look great but it seems KAV shareholders will get limited benefit. I also thought BT had learnt how to spell 'team'. A bit disappointed after a week of really looking forward to drilling finally happening.