Member Info for Ella10

Evrima hold a percentage of KKME. They planned to retain their percentage. The original deal entailed the 40% of MFC that POW owned directly being brought under control of KKME.
I think KAV have enough on their plate. What I don't understand is if KAV ever really had the option to acquire the controlling interest considering the issue with one of the share holders.

Perhaps the deal involves an exploration commitment and royalty? A royalty would mean the vendors would be keen to progress exploration.

Hi Jeremiah,
It may well have been that, I thought it may have been to try to ensure no liabilities came back to bite ARC. It's all a bit odd. Chun Can Goup claim to have acquired CASA off GSEP.
https://www.chuncangroup.com/latest-investment

https://www.mining.com/web/first-quantum-to-power-zambia-copper-mines-with-wind-solar/

Interesting article.

Evrima have more than 10% of KKME shares. They were previously going to hold onto their shares in KKME rather than take KAV shares. The 90% threshold suggests that Evrima aren't the stumbling block in spite of their previous stated intention to hold onto their share of the project.
https://polaris.brighterir.com/public/evrima/news/rns/story/wknplyw/export

This news has come as a complete surprise!
At least ARC didn't announce a $3.5m loan note payable by Golden Square Equity Partners...
Any chance of clarification of the licence areas? Anyone about to comment please read the latest company presentation :-).

Rackla look they are trying to progress Casa. It is unclear from the latest info if they have secured the required funding. However, it appears that ARCM will have a dilemma with the deal as announced last May. Golden Square Equity Partners accounts are shown as overdue at Companies House. I would suggest that either the deal structure will need to change or Golden Square Equity Partners need to look more convincing. In my view announcing a $3.5m loan note with Golden Square Equity Partners wouldn't do much to improve credibility.

Hole 26 does look interesting when you look at the following
http://www.rns-pdf.londonstockexchange.com/rns/7404C_2-2021-6-22.pdf
The gold is very nice :-).

Hi Kully,
A pretty good reminder of the issues that have come to light in the last 12 months. I'm sure any potential new investors will appreciate the pointers.
The one thing I am surprised at is that we haven't had a placing. I did think we would have seen one by now. I concede that I was wrong on that.
You mention a 3 year VWAP. It was a 10 day VWAP. Look at the last accounts; the BOD have already been paid a chunk of money for the 'surrender' of their options at a 6.94p VWAP.

SensibleGuy you have accused me of lying before and I have asked you to point me to the relevant posts, you haven't because your statements are quite simply false.
Have a lovely weekend everyone.

Hi Sewingmachine,
I can actually appreciate that the last year has been difficult for LTH. I also appreciate my posts may not have been very comforting but I was blxxdy angry with ARC and the way they treated shareholders. Can I ask that you try to consider my posts on their individual merit (or not) rather than with an already formed preconception.

CASA
It does look like Rackla are trying to progress it. If the deal as it stands comes off then the short term funds will be useful to ARC. This will be controversial but I'm not convinced that we will necessarily see very much of the loan note get paid. However, IF ARC can't make any progress on Casa themselves then I do think their best option is to get rid of the liabilities and associated risks. If they can successfully do this, then even if they don't get a lot for the asset that would be positive in my view.

Zambia
A JV looks possible and as I've said before if it is with a major then I would expect serious effort to get everything in place before the Mining Indaba. I don't agree with J. Meyer's thoughts on $100m Royalty but that is just a 'feeling' on my part. It could happen sooner now that the legal issues have been sorted. I think any JV will give the other side some 'wriggle room' in the immediate future to allow for the fact that legal cases have have only just been resolved.

Botswana
Needs some drilling!

Brett was going to Botswana. I am surprised that we haven't heard more about the drill going to Ditau but KAV may need to know the status of the Molopo option in order to negotiate the best deal for future drilling.

I assume ARC will soon issue the settlement share options. Hopefully they will use that as an opportunity to clarify the assets that they have lost and those that they have retained.

Hi Sewingmachine,
I agree with the top quality part :-). I guess your definition of a troll is someone who posts factual information that disagrees with your view. I was the first person to raise the issue of the MINING licence disappearing and that together with the surrender of director options being a sign something wasn't right. You may may not like it but I was correct and it has taken 12 months and Kalaba plant and mining licence to sort the issue.
The plant was only commissioned 3 years ago so your description is a tad inaccurate when you consider the expected life of a plant.
The licence pdf I posted was less than 3 years old (another inaccuracy on your part). It was the most recent info published by ARC that I could find . The Zaco exploration licences are older than than that pdf - should they be chucked? ?
I suspect the ambiguity around what ARC have retained is not helping with investor interest. Considering their less than stellar communications with investors in the last 12 months they need to up their game.

Hi MinorMiner,
This RNS gives the latest info on payments for SZ
https://www.lse.co.uk/rns/GLR/glenover-assets-sale-and-star-zinc-update-7glw6e89pv811as.html

Sounds good - hopefully those gates at Fairbride don't take too much longer to paint...

The following from the 17th Sept 2019 RNS shows the Zamsort and Zaco licence areas. There are later RNS that discuss the targets in the Zamsort licence area but this is probably the most convincing. Later RNS do discuss the LEL held by Zamsort.
http://s2.q4cdn.com/256050873/files/images/2019/Zamsort-50ppm-Cu-update-one-dot.jpg

The implication, to me, is that new investors will not invest as the situation is unclear. Surely it is in all investors interests to have this clarified in an official communication from the Company?
TrickyTree, the last time I emailed the company it was about the disappearance of the Kalaba mining licences - I was reassured it wasn't an issue. I am not fond of investors obtaining info via informal comms and that didn't do anything to change situation. I don't want to drag up old issues but I do think that in order to present the best appeal to new investors that this needs clarifying.

IF a JV is in the offing then I would expect confirmation during or before the Mining Indaba. I would expect the formal comms relating to this to clarify the licence areas concerned but I would prefer something to be issued sooner. If anyone can show me any docs issued by ARC that show Zamsort longer owns the LEL then I am quite happy that this clarification would not be required.

The RNS states Zamsort has been given to them!