Member Info for Ella10

Bushranger gets a mention on page 12
https://wcsecure.weblink.com.au/clients/legacyminerals/headline.aspx?headlineid=21353260

:-))))

I'm not sure NVS will be feeling very calm. He has to find a miracle to deal with the CASA liabilities before the accounts require publishing and then of course there are the multiple court cases.

Perhaps the directors are going to 'come to the rescue' of the company by taking part in a placing at 2p.

Hi Keith,
I don't object to reasoned arguments in either direction on these boards.
1) I got the impression that the first hole drilled last year had a conductor in the recovered core. I realise even if graphite has been recovered it may not be the complete story and there could be economic minerals present as well. The lack of information on the conductor is odd. I realise they are obliged to communicate facts.
2)The story with when assays would be performed on core recovered from area A changed several times. At one point investors were under the impression that core from the first hole had been sent to the labs but Ben then said that the exploration manager not being in Botswana was holding up the selection of which cores to be sent for assay.
3) I am not suggesting that the gravity survey identified graphite. I suspect they have performed the gravity and AMT surveys as they have already found graphite in the drill core and want to show that they have done their best to rule this out for future targets - I have no evidence for this just a feeling.
4)I don't believe we did find the proterozoic at the expected depth. I believe that it was expected to be found at a shallower depth than on GRS-1.

I have sold my holding (for the moment anyway). I think KAV has some really interesting projects but my 'gut' based on the following pros/cons said sell.
For
1)The various projects all have potential in their own right the KCB seeming to be the 'least risky"
2)High conductance targets like KAV have are often drilled with success and the grades could be brilliant.
3)The size of the KSZ is phenomenal so if successful the resource size could be amazing.
4)Shortage of the metals we are hoping KAV will find.
5)Botswana is a good country for mining companies.
6) Mike Moles large purchase of shares.
7) Current market cap is tiny for the potential.

Against
1) We have yet to be told what the conductor in area A is
2)Changing stories for the assays.
3) The Gravity and AMT surveys suggest to me that graphite has been found and KAV are trying to protect the potential of their other targets. The GRS was already known to be a coincident magnetic and gravity anomaly although I assume the latest survey will give more detail. (An aside - Orion resources drilled a large 7000 Siemens anomaly Pike 4 that turned out to be graphite https://www.orionminerals.com.au/download/38/market-news-2020/4293/encouraging-drilling-results-at-fraser-range-igo-orn-jv-2.pdf )
4) The first hole we drilled in the GRS expected to hit the proterozoic at a shallower depth and that appeared to be the rationale for siting the drills.
5) I realise this will be controversial but I am not convinced of the benefits of an IPO on Kanye.
6) Lots of warrants and options have been issued in the last year.
7) The current drill has demonstrated the difficulty that is likely to be encountered in defining a resource.
I'm sure that I have missed arguments for both sides and I do find the KSZ fascinating. I may well regret selling when we get news and I will be watching closely, with possibility that I might decide to buy back in although realise that this could be at a higher price if there is significant good news.

Hi Jwoz,
From the 19th Jan RNS
http://www.rns-pdf.londonstockexchange.com/rns/9971Y_5-2022-1-19.pdf

Hole 17 had nothing much per the same RNS. I think we were f
Given an understanding that hole 14 had nothing much but I don't think it has been in an RNS.

I have just been looking at the geological section of hole 35. There is some odd shaped mineralisation marked at the top of the diagram that I don't think has been extrapolated from hole 35 results. I wonder if this is from historical drilling. I wonder if they will drill a shallower hole from the same pad and in a similar direction as hole 35. Any thoughts on what this odd blob of mineralisation has been derived from?

Hi NTM,
I wasn't suggesting that IFC were behind the TR-1.

Mindea are getting paid partially in shares. I don't believe they have yet been issued with their shares but the SP for payment has been fixed. I imagine they will be keeping a close eye on the drill core and the geologists.

Andy,
I would have a small bet on it being him - although I have no idea what he's worth. IFC took a significant chunk in Kiwara - I can't remember the numbers but they didn't hold for that long before it was sold so I think they would have done quite well out if it. I assume he would know CB from then.

How about
https://www.linkedin.com/in/alex-terry-045114123 ?

IFC took a chunk of Kiwara when they were developing kalumbila.

If this was someone declaring for a group of private investors would you not expect this individual to be issueing TR-1s for holdings in other companies?

https://m.miningweekly.com/article/newcrest-withdraws-from-cornerstones-project-in-ecuador-2022-01-26/rep_id:3861

Hi SeisNav,
They need to raise CA$16m to support relisting. Where on earth did you come up with CA$6m to buy and explore an asset that is costing US$5m and has debts to be paid if US$3.3m and has CA$60k in the bank?

My post yesterday at 18:03 spot on. Rackla are going to be trying to raise the CA$16m required to proceed with the purchase over the next month.

Hi SeisNav,
In my opion grades at Bushranger are fine. There has been much more copper found on Racecourse than on the Zamsort/Zaco licences. Look at the 2021 drill results and compare with ARC's results. You are entitled your opinion and I won't object to you using this board to generate publicity for that project.

Hi Turtlewax,
I'm curious what is going to disappoint me?

I hope everyone is going to sign up to this event to hear the Rackla sales pitch. It should be interesting to hear what they say about the $3.3m liabilities CASA is carrying.

JP2000,
Nickel Creek Platinum drilled a conductor with a conductance greater that 5000 Siemens that was unsuccessful.

https://www.nickelcreekplatinum.com/investors/news-releases/press-release-details/2020/Nickel-Creek-Platinum-Identifies-Eleven-New-Geophysical-Anomalies-From-Extensive-Geophysics-Program-And-Announces-Results-From-Limited-2020-Drill-Program/default.aspx

Later drills of some other high conductance targets were successful.