Member Info for flipper56

Jezzoo, such a disappointing post. After listening to the podcast I was sure I was on the way to becoming a multi millionaire with my AFP shares.

In fairness, the grades they talk about do put BR to shame. So I thought it was a concern to XTR !.

Again, thanks iky for posting.

They talk about Luansobe from 17.50.

Production soon and further deep drilling in 2024/25. With the opening of Mopani it will be all straight forward. Just dig the ore and it will be processed at Mopani.

Overall, all positive and I am going to be a multi millionaire with my investments in NW Zambia. .......

Ana, did you see the post by SeisNav (thanks SeisNav) at 15.55 yesterday on the ARC bb. Worth checking out.

I assume Colin will be doing a podcast this New Year. It would be nice if the questions could be a bit more demanding and avoid offering speculative hype expecting Colin to confirm. For me personally, I am happy to sit on Luansobe until the copper price goes to $11,000 or above. We don't need to do a firesale. The trouble is, when Colin said copper was going to be produced last June (and the same hype across his multiple companies) he loses credibility.

And the due diligence on the zinc assets has been very questioable.

Regardless, I am hoping for a recovery on AIM, copper to start a long term uptrend and a rising tide should lift all boats - and more !.

Thanks to everyone for their contribution over a tough 2023, lets have some good luck in 2024 and beyond.

Strange trading today.

Best we do nothing and just let our Sandfire and Afrimat shares go up in value !.

That is my interpretation of the market reaction - or lack off. Equally, Luansobe etc will be worth a lot more sitting in the ground imho. The supply of copper just doesn't look good. Panama and South America look dire. The political situation in the DRC is questionable and could get much worse. Time will tell.

Hasn't set the world alight !. With a rising copper and gold price time is to our advantage.

Https://www.thesundayroast.net/podcast/episode/507862a5/s6-ep36-12-stocks-for-the-12-days-of-christmas-featuring-leon-coetzer-ceo-of-jubilee-metals-aimjlp-jlp

I also think the Panama situation does change the equation. From a copper surplus it now looks there will be copper shortage and the Zambia assets must now look far more attractive (and potential Botswana).

I am hopeful it will be a much better 2024. But AIM never fails to disappoint !. And regardless of the market and commodity prices, we still need management to do what they say are going to do and add "shareholder" value. The problem is, does that mean delaying a sell and waiting for a better price or taking a lower price to expediate the other assets ?.

Ana. can I be lazy and ask a question regarding Luansobe cut off.

If the copper prices rise in 2024 to say $11000 a tonnes, this would mean it would be possible to use a lower cut off ie 0.1

Is there much extra contained copper if the cut off was lowered to ie 0.1 ?

I don't know why Leon bothered with the presentation. At least to me it was irritating. All this about needing to raise funds quickly blah blah bla. This project has been in the works for ages. They must have known they would need financing. As others have said, they probably could have got it with less dilution. But friends clearly come first and not existing shareholders. And that lecture last week from the Roasties about the need for placings to create value. I have been holding for 20 odd years, multiple top ups in that time and my share account certainly doesn't show any value created despite the numerous placings. I really hope this time it work outs. And across the CB network of companies to which I am invested in. At the moment the only good thing that can be said about these companies is that they are good for tax loses.

Jezzoo, have you done a count on those lashes. Leon C (Colin's protege at JLP and still involved), said in a investor presentation last month about not needing to do a placing and the availability of bank finance. He then did a placing last week. Colin did another one at BZT last week. Whose next ?

Thanks Mogger for your links. Does sound positive.

I don't understand why people are querying the energy security aspect. With its population growth and religious motivated politics, potential conflict in the Middle East is always likely. If full scale war breaks out between Iran and Saudi Arabia, and the UK is short of oil, of course we will insist that the SeaLion resources are brought to the UK and not China. It was the same during covid with PPE and vaccines. Only the eco zealot believe you can run a aircraft carrier on hot air - they use a lot of diesel !.

Hopefully the Kamativi assay results will be announced soon. I had expected drill results from Shinganda but assume there was nothing notable to announce until the more detailed assay results come back (ie gold).

Personally, I am in the camp that we shouldn't rush to sell assets but realistically at least one will have to be sold shortly if we are going to give serious consideration to other assets (not the odd drill here and there).

As a small investor I am fed up of being shafted by self interested CEOs on AIM. ( I feel existing investors should be given the automatic right to participate in placings at the same terms as new investors). I know I am not alone in this feeling. I wouldn't want another share placing aka JLP last week.

Anyway, hopefully 2024 the market will change and results in the ground prove themselves. Maybe Colin will find it within himself to get a project over the line for the benefit of existing shareholders but guess I should keep my Santa wishlist realistic.

So many positives, commodities are on a roll. Perfect summing up I

He needs to do something. Last week BZT, this week KEN.

You could add XTR and BZT to that.

Https://www.express.co.uk/news/politics/1845502/falkland-islands-cop28-jacob-rees-mogg

So we can't have fossil fuels. A world without fertilisers and reliable energy. We will achieve net zero - through mass starvation and war !.