Member Info for Ella10

What was in the RNS that warranted the following statement
'The Directors of the Company take responsibility for this announcement.'?

 

It appears there is a new class of Major that are fighting over a single 4.3m intercept at 0.59% copper with multiple court cases that were going to be resolved quickly a year ago. Hmm - sounds very plausible ;-).

In the recent interview about Ditau BT stated Ditau was further advanced than the KSZ.

Interestingly Bushranger gets 2 pink dots. Presumably one for Racecourse and one for Ascot.

The Count spotted it this time. See page 13
https://legacyminerals.com.au/wp-content/uploads/2022/02/2341816.pdf

Hi LegalWolf,
If they are drilling less than 10m a day I would expect the examination of the core to pretty much keep pace with the drill.

We need someone with access to good resolution near live satellite images of Hu****si...

From the May RNS
'The revised terms of the Transaction will result in the following:

a) Arc to receive US$750k cash from Golden Mining on closing of the Transaction;

b) Arc to receive US$750k cash from Golden Mining within 90 days of closing as a post-closing payment (guaranteed by Rackla);

c) As a condition to closing, Arc will receive a US$3.5m loan note in favour of Arc, payable by Golden Square on or before December 31, 2021. As security, Arc shall receive 3.5 million Common Shares of Black Rock Petroleum Co, an oil and gas exploration-stage company registered in Nevada and which is listed on the OTC Market in the United States;

d) Within 24 months of closing, Golden Mining shall complete an independent resource evaluation in accordance with National Instrument 43-101 administered by the Canadian Securities Administrators (the "Technical Report") in respect of the Akyanga Gold Project, a key asset of Casa in the Democratic Republic of Congo. Golden Mining agrees to pay Arc within 60 days of completion of the Technical Report, payment in the amount of US$1/ounce of identified reserves of between 1m and 5m ounces;

e) Arc to receive US$1m in cash if Golden Mining produces 30,000 ounces of gold prior to the date that is 5 years from the closing date; and

f) When any portion of Casa comes into commercial production a net smelter royalty shall be calculated on a quarterly basis at 1% payable to Arc up to a maximum aggregate amount of US$25m.'

The Blackrock shares are worth about $50k...

 

Hole 13
https://www.lse.co.uk/rns/XTR/bushranger-project-further-assay-results-fsfbd5i50iute35.html

Hole 14
We've been given to understand that this hole has very little copper mineralisation. We haven't been given assay results.

Hi Chri5p,
From my limited knowledge the sand cover causes issues when trying to drill through it.

I've no idea what is happening in the KCB but it is worth remembering that this isn't a particularly easy target to drill.

Hi RFJ,
I am certainly not an expert but my understanding from reading up is that the conductance value is conductivity x thickness but with quite a margin for error so it is more the order of magnitude of the Conductance rather than the value itself that is important. Your more technical explanation sounds feasible.
Estrella a posted a result for drill 033 that tested an 11000S conductor that was Nickel and copper
https://estrellaresources.com.au/wp-content/uploads/2020/12/Carr-Boyd-Drilling-Update.pdf

Azure minerals tested a 12,000S conductor with drill ANDD004 that was Nickel and copper https://wcsecure.weblink.com.au/clients/azureminerals/headline.aspx?headlineid=61011779

Orion minerals had a drill result for a 7000 Siemens conductor that was semi-massive graphite
https://www.orionminerals.com.au/download/38/market-news-2020/4293/encouraging-drilling-results-at-fraser-range-igo-orn-jv-2.pdf

Nickel Creek Platinum have also announced results for various high conductance targets.

This is exploration on AIM so it is wise to be cautious but Is it possible that we are planning to declare a decision to mine with a relatively small resource in order to get AA to declare their hand so that we can go to other companies. I imagine AA will only want a very large resource. It seems rather far fetched for an aim exploration company but...

Thanks Steve,
I couldn't make out the words 'because it looks to be'.
They may still be waiting assay results. IF there is more gold than copper reporting visble inspection of the core is unlikely to be representative.
 

CB did say there's more gold than copper. I couldn't catch what the couple of words were immediately before he made that statement. Did anyone else figure out what he said?

Hi doubleup,
I think the NOMAD deserves some press coverage after that RNS. I'll see what I can rustle up...

The NOMAD has signed off on an RNS that appears to make no sense! I will be asking some more questions...

That RNS does not state how a sale is happening.
1. Golden Square Equity Partners is an inactive company
2. The RNS makes no sense in relation to the May 2021 RNS
a. Blackrock Petroleum are now worth very little.
b. The dates in the details of May RNS are in the past
c. Rackla have less than CA$70k in the bank so exactly what will ARC receive if Rackla only need to raise CA$5m?...

Not at all convincing!

Hi MontyFino,
I haven't listened to the interview yet. Did CB mention anything about what may be between Racecourse and Ascot?

We shall see...
1. 2019 CASA was 'sold' and it fell through.
2. 2020 CASA was 'sold' to an inactive company with a single director and surprisingly it fell though again.
3. 2021 CASA was 'sold' AGAIN and it didn't complete.
4. Can we get another 'sale' in 2022? History suggests it is certainly possible..
CASA has $3.3m of liabilities associated with it.