Member Info for Ella10

Hi Metalhead,
I don't disagree with your post but Ditau was previously stated to only require RC drilling. I believe Diamond drilling is costlier and slower than RC drilling but I'm not sure of the magnitude of the differences. Is it likely that rig logistics just means that they need to carry that extra cost?

Update and some detail here. Sounds like it may close in the next week
https://www.investi.com.au/api/announcements/kmt/9eb9530e-6b7.pdf

Hi Bob,
There are more holes to come. The diagram in today's RNS was zoomed in version of the drill plan.
http://www.rns-pdf.londonstockexchange.com/rns/8649O_3-2021-10-12.pdf

CB apparently I'm filtered too but the filters keep breaking on that poor soul - 9:44 is an example ;-)

I think Cattleman may be another alias of mine - but perhaps it is only my alias part time....

Page 10 refers to licence acquisitions
https://www.sandfire.com.au/site/PDF/824db3fe-7735-4c1a-b13f-4d8687b49231/SandfireSeptember2021QuarterlyReport

Hi CE,
Was the AGM very crowded?

Hi Steve,
Have a look at his country of residence lodged at companies house.

Hi F79,
You mean like the intention of surrendering share options to avoid dilution? :-)

Hi Rocktapper,
'0.2% Cu and more than 3m in length' - that was edited from previous RNS which stated
'Reported intervals are calculated for zones assaying > 0.2% Copper or 0.02% Cobalt and containing generally less than 3 metres of internal waste.'

Thanks Rocktapper,
I think you can see my point.

Really? Can you please tell me where the intercept length for this is? I didn't see any MM.

Hi Rocktapper,
It mentions 'including two intervals that returned assays of over 1% Cu' but I couldn't find any intercept lengths for these. Perhaps I missed them?

Legal,
Totally agree. From 2nd Aug RNS
'Drill locations are currently being finalised' and recent interviews have certainly implied we were only waiting for the EMP to get the drill mobilised.

Anyone unhappy with the detail on the assay RNS should contact the NOMAD. They have to sign off on the RNS. An RNS is supposed to clearly detail anything that has import on the info being conveyed. The drill depth, direction and angle haven't been given. It mentions some levels of copper but doesn't give intercepts. It appears to have been intentionally written to confuse

NOMAD contact details
adam.cowl@spangel.co.uk

I'm guessing that they are desperate to get a higher 10 day VWAP for closing the kopore deal and need to close it before Fwiji assay results are issued. It is only a guess.

From 16th March RNS
'The Company has taken that decision to reduce the potential dilutive impact which would arise from the exercise of share options in order to optimise the potential upside of its value per ordinary share of the Company.'

So what do they do - surrender options at 6.94p and issue more at 4.5p - all for the benefit of shareholders!!!
I realise they are trying to imply an upside to the share price but was that really the best that they could do??????

If that RNS was our sales pitch to AA 1p is within easy reach....

Hi Kelvin,
There may well copper in the ground but management have shown themselves incapable of delivering ANYTHING. Their surrender of options at 6.94p show that even the management themselves don't believe that they can deliver anything.

Hi Peggy,
I didn't think that would happen without the Fwiji results but it is looking possible. The last date Kopore were expecting the deal with ARC to close was last Friday. They haven't provided a further update so I thought that they might be close to completing. Surely the VWAP for that deal isn't going to be sub 3p? The SP was much higher when the deal was announced.

'Second hole drilled intersects further Copper sulphide mineralisation'
So the massive has gone AWOL and the intercept length isnt given. Can it really be a lower grade than hole 1 AND a smaller intercept? History of detail in RNS suggest this is exactly what we have been told by this statement.