Member Info for flipper56

The copper price is also holding up nicely. With the incoming cash hopefully the shareprice will get a boost. But all the time we remain in lockdown mode it's hard to know. We dont even have a scooby doo over which project is now being prioritised.

I looked so much younger then with my yellow hair. Now very grey after the disappointment and losses from BR. Maybe a big rise in copper prices can save the day.

Navitas, Delek and NewMed are all up today so hopefully nothing too problematic. But does sum up RKH's luck if it has once again delayed things.

Https://www.africanews.com/2024/03/08/imf-to-assess-impact-of-drought-on-zambias-economy//

With less rain its possible that drilling and field work could start earlier this year than normal ?.

Colin has gone very quiet across his Companies, some news would be nice. Kamativi assays anyone ?.

COPJ up 4.65%. Promising at last ...... But agreed, we need to start producing copper.

MD - so does that mean a third party negotiating to come in ?

If copper can sustain this rise over the next few months BR might start to look attractive.

"Copper now trying to break the $4/lb barrier. Hold tight - brace yourselves...😁"

Box ticked. Hopefully will keep going .......

Https://markets.ft.com/data/etfs/tearsheet/charts?s=COPJ:NMQ:USD

It would be good to see if copper could make a clean break like gold has done. If we could get Luansobe going then maybe we could be added to COPJ and reach a wider audience.

At least the copper price is picking up. Can only be good for us.

I would be surprised if there isn't at least some delay, 2024 seems a stretch target to me. After waiting so so long, early 2025 would be fine. The Navitas website reads fine to me, they are confident and I have no reason to doubt them.

NtM, I am not sure about that but AIM does set a very low standard. The regulators need to insist that existing investors get the same rights as the new friend and family investors. Despite owning ARCM I havent followed the ARCM bb for a while -too toxic - but the warrants are taking the p*ss.

HZ. The usual case of shaft the PI. Investing on AIM is largely a waste of time. ARCM has the geology in NW Zambia, they do the talk in the podcasts, no new funds required etc, then issue cheap shares and hand out warrants like confetti. Thr "derampers" get a hard time on the bulletin boards, sadly they are invariably correct.

But anyone taking a quick look at the charts will see it has gone nowhere in the last few years. Cypto, A.I and now even gold look a better speculative bet than what Navitas might or might not accomplish. A clear breakout over 15p etc would be a nice start.

Thanks HZ. I did a lot of research on the area before the XTR and GLR deals. Since then I haven't paid much attention as my copper plays have been dead in the water. Even reading the bulletin boards on ARCM etc too depressing !. Eventually I think the region will come good. But with the economic situation in China dire and the US increasing its national debt by 1 triillion dollars every 100 days, I still wonder whether there will be a 1929 style economic collapse - hope I am wrong !

Like others, I own both. Plus AFP etc. Older and Wiser etc might want to correct me but my understanding is there is a geological difference at first shout. The ARC license is (was) targetting shallower deposits whereas XTR is targeting the deeper Kamoa style deposits. AFP covers both. However, given that AA and others are now drilling to much much deeper depths maybe that is outdated.

No one can accuse Colin of wasting money of RNS's. Guess we just have to take it as a given that the Kamativi drill results have underwhelmed - I think the carrier pigeon being shot down unlikely !.

All being well we will soon get the Afrimat cash and then can progress at least one project. And if market sentiments improve, maybe even sell Kamativi or Luansobe surface.

Thanks Mogger.

" The current development plan is planned to be carried out in stages, thus allowing for a reduction

in the establishment costs until the start of production, which is expected to facilitate the process of obtaining financing for development"

I am guesssing financing is lined up ?.

It doesn't specify. But 6 is the amount Navitas mentioned as a starter ?

Https://www.lse.co.uk/rns/HARL/new-contract-win-arnish-h1vnrqqfk53l67e.html