Member Info for Fukurokuju79

But do you remain invested FKC?

🤔

Turns out you can add quizzical emojis now 😜

Or is that a double bluff MTSparky ..... (Insert quizzical face) lol

Yes that matches what I read on the internet about the deal. I think micro was around 20%. Their were preference shares as part of it.
Tingo had listed on OTC but regretted it I believe and they amended the deal to the above at towards the end of last year.

Ah okay was looking at wrong listing lol. Had a baby for a moment

Worth 39c now?

Yep DHEM. Much better.

Atb

It's Ditau.... Not Dittau. As I say the explorer who have diamond exploration rights, and are drilling specifically for..... diamonds. They don't care or need to spend capex on assays on anything they have no rights over. So they don't care to spend on whether there is 'anythinf else there' if it isn't a shiny gem.

As for the KSZ we know KAV missed the conductors (between) what turns out to be 2+ rather than one and therefore the core data isn't important outside of expert analysis. What they drilled from the initial campaign isn't going to show anything significant or commercial to us investors. But all the data available fed into a very detailed technical report performed by Richard, who was contracted to do so by KAV, and that has been published on their website and RNSd....
https://kavangoresources.com/component/rsfiles/download?path=Technical%2BReports%252FTechnical%2BReview%2Bof%2Bthe%2BKSZ%2BProject%2BBotswana.pdf&Itemid=437

As for conductivity, of course nothing can be guaranteed until drilling but Jeremy Brett has already provided a guide in respect of conductivity values and what is may be / is unlikely to be...

https://kavangoresources.com/media-library/news-release-media/siemens-at-two-ksz-targets

Nothing you've said suggests you've even tried to find any information or listened to the interviews as otherwise you wouldn't make the comments you have. Or you have and you've ignored what's been said.

Most exploration companies don't share the level of info KAV do with shareholders. Clearly we're all keen to get the drill turning again.

Atb

Why would a diamond explorer pay for analysis of their cores for metals they don't have exploration rights over.

I respect your right to an opinion and a negative view of KAV but what you've said in most of your post is invalid.

Atb though

The really really smart ones spend their time posting on a share they don't believe in. Now that is smart.

They likely XRFd on site before assays...but non reliable and really just indicitive so wouldn't expect them to announce results until assays.

Besides about £3.5m of total admin is attributed to the share surrender of options. I expect it'll be even higher this year what with the admin costs to attributed to the Zamsort/Handa restructuring in the interims.

However, as per the recent conference they have enough capital on the runway ATM through various channels and I'm personally attributing a hell of a lot of weight in terms of their financial position to the fact they have now free ride of over $80 million in exploration and cash payment in respect of their retained interest in Zam assets.

Atb

Making posts selectively visible to oneself isn't market abuse Ella, lol.

Personally I'm happy to engage in discussion and hear genuine views that are contrary to my own. In fact it's important. However if I choose to filter posters that are here to wind up that's my choice.

Atb

Greenbox or report them.
They are just on the wind up and clearly they have nothing better to do in life. Also, they don't back their opinions with anything meaningful . Just a lot of generic mud slinging and sadly very predictable and unoriginal.
Yawn.
Atb

Don't think we closed there. Google takes the last printed price I think .
It's the closing UT you need to look at or London stock exchange price.
Atb

I'd assumed the RNS was related to the coordinated group of investors within RIG.
I've no idea what % of the company is held by those in that group, or the chances of it influencing the outcomes here, but fair play for being proactive. It's important to at least have a voice.

In any event, hope you all get the desired outcome.

I can also understand some of the logic regarding voting no from the replies.

Atb

Oiliest - did you attend the conferycall yesterday?

As has been said earlier by someone here. A major like AA won't RNS these deals, while very significant to ARCM it's not of the same scale to AA. Despite it being a significant investment by any means.

Anyway, NvS confirming the conference call that AA understand ARCMs need / desire to inform their shareholders. He acknowledged AA won't RNS the results as that's not the status quo for a major. They will likely RNS in the event of a significant discovery so the newsflow on the JV assets in Zam will be issued by ARCM.

ARCM still have seats on the board of the newly formed JV co and ARCM will communicate progress as they would normally do, even though the controlling stake is with AA.

Obviously other news will be relevant too, outside if the JV assets. Bots and any other commercial transactions.

Atb

Personally I'm struggling to understand why everyone is looking to vote No.

I can understand the frustration existing holdings in the share that are locked in have, however, the choice isn't liquidation or no liquidation.

It's approval to a voluntarily liquidation Vs a more costly non voluntary forced compulsory liquidation. Either way it has to liquidate.

As per the RNS in the event any value can be attributed back to shareholders after the process they will be even in a voluntary liquidation.
The chances of a return to shareholders is slim, and I can understand the impulse to not want the company to liquidate, but voting no to the resolutions seems to be counter productive to the outcomes shareholders want i.e. the best chance of some return of their capital.

Be interested to hear the case as to voting no. Have you sought legal advice within the RIG cohort on this matter?

Atb

You'll have many invested awaiting signing expecting a rise on confirmation who will/were always going to sell when the market did or didn't respond.

IMO today has been clearing out short term capital / interest. It's so common in the junior space.

The market will pick up and we will see a rise, I believe. Then as we get milestones including drill plans, drill start and subsequent progress newsflow we will see the larger returns many desire/want. IMO.

The key will be closing out the final binding contract pre-requisites and AA turning the drill ASAP. That's the immediate hurdle.

I'm happy with today and the derisking from signing but the deal was already known in the market, and largely expected to complete. I expected a form of rise but not a massive re rate.

I think the rise will come in the following days/weeks.

Above 5p+ pre drill I'll be happy with. Then steady rise with the main returns over the course of this and next season.

Plus whatever else value accreditive from bots and any other commercial transactions e.g. acquisitions, licences, kcb progress, IIs etc etc

With this confirmation today I think as a risk reward investment, ARCM has to be a serious contender for anyone who allots all or some capital in the AIM exploration space.

Atb

Good to see.

Best JV now signed. Approvals next. Drilling. Tier one.
Atb