Member Info for flipper56

Possibly they were working that 514,999 sale that has just gone through.

Maybe news is on its way. In the meantime
https://oilprice.com/Energy/Energy-General/The-Mining-Industry-Is-Replicating-The-Oil-Sector-Crisis.html

Buying the BOR placing online with Halifax was very easy. I assume this will be the same. Just a matter of clicking a couple of boxes. Just make sure you have funds ready in the account given what others say about being within your ISA limits.

As much as being invested in RKH has been a very painful experience, maybe things are about to change. With the extra cash it shouldn't be necessary to raise further funds for a while, we have no debt, Navitas seem enthusiastic and the security of supply changes the argument in favour of production going ahead. Russia, Libya, Columbia , Iran etc etc with so many issues. The Israelis are astute and will factor this in. With the added bonus of a possible OM award then surely staying invested now makes sense - I hope !!

Thanks Deus for posting that. As much as I agree with everyone else about how the Company has been managed and money squandered; the only way we will recoup our losses is by the placing going ahead and thereby reducing our personal dilution. I remember posts once saying how in 2022 we could expect a dividend of £1 a share. Instead we are having to bail the Company out. And SM will award himself a big bonus for his continued success .............. Let us pray one day he finally gets it right for all our own sakes.

Reading that it looks as if it is based on Manica rather than Fairbride. Apologies for not keeping up. Too many deals !.
Has some info on targets and exploration work.
https://www.proactiveinvestors.co.uk/companies/news/44033/auroch-minerals-ahead-of-the-game-with-mozambique-gold-project-acquisition--52540.html

Just curious but why would Empress get a royalty out of GF etc ?. Surely there contract is with Fairbride.

Back in 2011 Jan said
"Jan Nelson, Chief Executive Officer of Pan African, commented: "The Manica
project now represents a 3Moz deposit, which is significant as there are not
many gold deposits in Africa in excess of 3Moz, which outcrop on surface.
Significant strike-length remains to be tested".
But don't tell Ant, let him buy UK gilts as someone needs to. Gold going up, sterling going down. Every little bit helps as they say.

Would that require a separate RNS !

Come on Fairbride, bring us the gold.

https://oilprice.com/Energy/Energy-General/The-World-Is-Scrambling-For-Lithium-Supply.html

Mattyashy - not sure if this helps. It's from the acquisition documentation.
"Globally, porphyry-related copper-gold deposits commonly occur in clusters. The Bushranger licence package remains under-explored, with several further adjacent porphyry targets, most of which have not yet been drill tested. Geophysical surveying, which originally identified the Racecourse deposit, has highlighted another target southeast of Racecourse, as well as the nearby Footrot and White Springs prospects.
The western portions of the Bushranger Project, on Exploration Licences EL's 8305 and 8585, are prospective for structurally controlled high-grade gold mineralisation".

Either sell, move on and buy something safe like UK 10 year gilts or just accept we need to be patient. Colin went as far as could to explain the doubts. It is a rough market at the moment but a good time to bring Fairbride online.

The lack of shareprice reaction continues to surprise me. The interview sounded good to me. No wild claims but answering the points raised on here. A bit of patience to get a bigger overall project in a good location. And maybe the chance to add to it at Footrot. Can't be bad. And virtually all being given for free at the current shareprice.

Thanks Iceberg. The high gold prices certainly help. And given the poor market I doubt there was much appertite for a placing. At least not without a big discount and warrants.

Must be imminent then !

Hard to believe Afrimat won't make the purchase. Hopefully you will get a quick return. Just need the money to be spent wisely and in a way that boosts the shareprice.

There must be a seller still out there as it isn't affecting the price as yet.

We always have something to get up for when news is imminent/days away !. wonder if we get news today and a podcast as previously mentioned.

"Under the terms the Bushranger Acquisition agreement, if a deposit of greater than 2 million tons of contained Cu equivalent (e.g. 450Mt @ 0.45% Cu equivalent) is ultimately identified, Anglo may buy back 80% of the Racecourse deposit at fair market value as determined by an Independent Expert in accordance with the JORC and Valmin Code". To me, reading it in terms of the license agreement rather than what has said in podcasts (others have a far clearer picture regarding AGM's etc), then AA may buy Racecourse and we will continue with the rest which I assume they will then take over ?.

"Planned follow-up exploration by Xtract at Bushranger aims to target the potential to deliver a world-class copper-gold project, by increasing the initial inferred resource at the Racecourse deposit and follow-on discovery of additional mineralised porphyry systems in close proximity to existing mineralisation through a combination of geophysical surveying and drilling". I have taken this from Xtract's Bushranger documentation. Going by this the May/June sell target and not death by a thousand cuts is interesting. Had wondered if we would get an RNS today. Could we be selling
Racecourse but will carry on exploring at Bushranger ?