Member Info for Ella10

Hi Kully,
I just happened across this post from Oct 2015 on the other board and thought it rather timely.
'hxxp://brandmining.blogspot.co.uk/2015/10/ortac-zambia-investment-is-paying-off.html?m=1 Thursday, 1st October 2015 Ortac Zambia Investment is Paying Off. New Investment into Zamsort, set to edge the Kalaba Copper stockpile project into production Cash is king on AIM and the news out this morning by Ortac Resources is a welcome development for investors as the Kalaba copper stockpile project under the development by local copper company Zamsort which Ortac are a major investor in, receive a vote of confidence in the project as the latex investor Kopara, is seeing what I have seen all along. Kalaba is a great project. The mining risk has been taken away, its simple stockpile processing and with the cash this will bring, will help open up what is a huge copper asset, just waiting for decent exploration attention. With Ortac's strong geological team there to support Zamsort, Ortac is one of the few AIM plays that has a real opportunity to secure cash earnings in the near term. Shares in Ortac rose 88% on this news.'
I do wonder if the stockpiles and possibly other oxide ore was removed last year. The demo plant had been set up to a use the oxide ore (I believe).

Hi DC,
I don't think the grant of the exploration licence should take that long. I think a mining licence will generally be more complex. I have seen exploration licences being granted quite quickly but that has been when the area had also had an exploration licence previously.

Hi Kully,
From the Dec RNS
'Study confirms technical and economic feasibility for the Cheyeza East Oxide and Kalaba Sulphide ores and the viability of progressing to Scoping Study phase.

· Both projects deliver low strip ratios of less than 1:1

· Study modelled on a 3,000 t/d processing plant for both projects at a $6,500/t copper price'

It also talks about further drilling required. It is odd that ot is referring to the sulphides at Kalaba. Is it possible that the lease of the Kalaba plant also included the oxide ore? I haven't seen anything to suggest that but reference to Kalaba sulphides seems unusual and it doesn't appear to be an obvious error.

I don't know what it is likely to mean in terms of mining. The Enviro Processing licence was a large scale mining licence whereas the applications are only for exploration licences. We probably couldn't convert from large scale to small scale mining as the mining permissions were probably not for the areas Galilileo have applications over. I think it does mean that Siege has close links to the directors of GLR. I haven't checked lately but got the impression that the JLP zinc circuit had gone VERY quiet. Perhaps we will apply for a mining licence over the area that has already been drilled and continue exploratiin on the rest. I would expect the grant of the exploration licences to be quick. Perhaps we will see some results from Ka****u before the Kalahari...

Some interesting developments.
The Enviro Processing licence area covering Ka****u has 2 new applications for small scale Exploration licences. One is in the name of Siege Mining and one in the name Galileo Mining.

Hi Teaye,
Any thoughts on the investor call?

From March 2020 RNS
'The Purchaser also assumes all existing liabilities pertaining to Casa (£1.95m as at 30 September 2019), capped at US$3m.'

I wonder if the liability has increased or decreased in the interim

The 5th May 2021 RNS doesn't mention this liability but does have the following statement
'As a result of the new transaction, Arc and Golden Square agree to release and discharge the other from all claims / demands in respect of the original transaction with Golden Square subject to closing of the Transaction.'

The Rackla announcements don't state they are taking on any existing liabilities. Perhaps we will get updated accounts dealing with this in the next week or so.

I think the fact that they stated the reorganisation of their licences was in relation to a potential commercial transaction and then to respond to me stating that the loss of the Kalaba mining licence was part of the reorganisation of their licences and nothing to be concerned about was certainly in the spirit of a lie!
Any guesses how much drilling we will achieve before rainy season? I read a synopsis of the last investor call on the other board which stated they were going to drill 18 holes @ approx 500m each. Their efficiency will need to have improved dramatically in the last month!
Can't wait for the Fwiji assays - they can only delay them so long.

I obviously don't know what dates will be used for the VWAP but at 3.2p that is an additional 37.5m shared being issued. According to Kopore it looks like they will start selling immediately.

Hi F79,
At the end of Sept they had just over 3 months funds available and state
'It is expected that the current level of net operating cashflows will increased following completion of the ARC transaction (explained below), which is expected to occur shortly'

Hi Kully,
Which of my posts did you take exception to? Was it the one where Kopore themselves announced that they would likely be selling a lot of the ARC shares once they received them?
https://www.investi.com.au/api/announcements/kmt/6195db73-1b1.pdf

Thanks Fulmar,
With the current rate of progress that timeline seems to fit nicely with production from Cheyeza East.

Assuming the Kopore deal completes in the next week or so it looks like a fair few of their shares are likely to be sold pretty much immediately which is likely to exert more downward pressure on the SP.
https://www.investi.com.au/api/announcements/kmt/6195db73-1b1.pdf

Hi guys,
I'm doing some research on the LSE filters. SeisNav perhaps you could expand on how you knew it was multiple people posting yesterday - I thought the green boxes were anonymous?

Hi HD,
They will have ten rigs operating in the area from November.
https://www.sandfire.com.au/site/PDF/7ae5a1e6-f9df-4c07-b152-3c26f0a850ea/SandfireSeptember2021QuarterlyReportPresentation

I think Mr Bird needs to give shareholders some info about exploration (or lack of) in Botswana! I mean more than just every ONE of the shareholders present at the AGM.

From the 15th Dec RNS
'Further drilling and testwork along with the respective technical studies will be required before the Company is able to formally confirm that the projects are economically viable.'
I don't think we have done any further drilling to support this.

Are Cantor selling any shares?

Hey Seis,
they were MASSIVE COPPER SULPHIDES!

An investor call was promised. Now seems like a good time but perhaps NVS is waiting for the Fwiji assay results so ift can be really fun? ;-)

Thanks Seis,
Those pink sections of greater than 0.8% copper look great at sentinel! Our expanded deep drilling programme that required the unexpected placing at the start of the year seems rather slow and disappointing. It is almost Nov and we don't appear to have done much drilling of significance.