Member Info for Fukurokuju79

Value...

Re 'But i have to ask, why the hell is it left up to us as private investors to try and join dots?'

For me I'm not sure it's a case of it being left up to us as such. The company have said the JV details and the desired objective and we're still within the previously reported extension period. We know they have to work on the licence areas and complete the formation of the JV. I don't expect news on it from the company unless it completes, extends or cancels.
So no news is good news at this stage (apart from confirmation it's complete which would be a welcome bit of news).
I think it's natural for PIs to want to search info to give some form of indicator as to the state of play to try and seek out progress between news.
The cadastre is a key tool to aid that and joining up the dots is simply a bunch of assumptions as to what that research may mean. Could be way out, could be accurate.

Im not sure I saw reference to 74 days and I couldn't see any when I did a search on each page for that number across the last 7 pages of posts. So I can't comment on that.

Atb

Thanks Seis..

I'll have to digest it alongside checking out the areas you mention on a desktop as too small to navigate fully on phone.

I'll have a gander at that and continue the topic tomorrow.

Atb

Correction I'm not *here*...rather than hear

We're all human but I think you'll find I've actually called out both sides over what's been said over time noresco. Anyway, if that's your attitude then I've nothing more to say.
I'm not hear to protect anyone but I'll call out anyone when I feel it's needed.
Anyway, I've no need to justify myself or your perception of me rightly or wrongly.
Nuff said. If you think being rude is an effective defence to calling out others being rude it says more about you than anyone else.
Also passive aggression with the I'll see you at the arcm meet up. Seriously , lol.
Atb

I e been looking at the licences on the cadastre from my previous notes, as at today 01/02/23.

Areas I don't see any changes on are :

* 19906-HQ-LEL - Handa Resources - Status Active: Expiry 9/9/2024 - no change.

* 23005-HQ-LEL - Zaco Investments Ltd - still pending renewal - no change.

* 28700_HQ-LEL - Afrimin Resources Ltd -
Status: Active Expiry: 31/03/2025 - No change I can see but appreciate their is some open debate on ARCMs situ with the afrimin area.

Areas I've observed a change are:

* 23004-HQ-LEL - Zaco Investments Ltd - now active from pending renewal

* 24958-HQ-SEL - Zaco Investments Ltd - was active due to expire 15/09/23 but no longer listed on cadastre on a search.

Not sure what we can deduce from this.

My thoughts are ....We've always known that technically we may have needed to relinquish half the assets that are due for renewal. 23004 has been set to active so assume we haven't relinquished any of that...anyone seen a reduction since status change?

NvS eluded to other areas of opportunity in an investor call - Anyone seen any new areas?
Be particularly (but not exclusively) interested to hear from you Seis as I know you've a close eye on the cadastre...specifically around what shows where 24958 was?

Thanks

Tony, I agree the African continent carries a higher geographical risk than say Australia, USA, canada etc etc. It's not the worst though and Seis has said it in brief but...

Zambia under HH isn't the same proposition it once was. Compared to when I first invested here the geograohical risk has very much decreased.

I genuinely believe HH has the motivation and has shown he genuinely wants this to improve. He is seeking to make it fair and less corrupt, for the benefit of locals, mining companies and the prosperity of Zambia generally. HH has done a lot to improve the sector, stamp out systemic corruption etc. It's a large part as to why the deal has been held up so long and also why the majors like AA are now heavily investing back into Zambia.

The assets prospectivity coupled with this deal with the best outfit to find mineralisation in the region, and the nature of the deal just isn't built into the markets IMO. Even if I discount for geographical risk. But like I say I'm very much of the opinion I have faith in HH to walk the walk to improve this and he doesn't seem to be disappointing IMO

Atb

@ tony people can indeed have doubts. People can also have confidence. Both those can buy or sell based on those beliefs.
While I agree nothing is certain, that's a general given in any walk of life. In all probability based on the reasons I've shared many times, I believe the deal gets signed. I also believe it's the best deal I've seen a junior make.

Not sniping at all.
I'm saying what you say. What I say. What anyone says; doesn't matter a bit to anything.
In fact I was saying that both 'sides' on this BB are as bad as each other most the time. You call out bullying and I agree some go too far but I am saying IMO you're as bad at the 'sniping' as others.
That's why I don't post for long periods and am happy to sit quietly. The fact I'm confident in my investment here, and happy to sit tight, quiet forbong periods, is fine. The fact some don't have that same belief is fine. I do question the motives of some, and the delivery / tone of the messages but each too their own.
Way too much emotions here. Which is never a good thing.

Atb

Think it closed at 0.794..... According to the UT

Yes Seis that's my thoughts on the licences too

So in short Ella. It never 'expired'. It was simply past renewal along with many other areas due to the cadastre closure.

Ella you said ...

'' Can anyone cinfirm when the Fwiji licence expired? The fact that the Fwiji licence was removed to allow Anglo to apply for the area suggested to me that it was within the remit of the JV but I hadn't considered the Kopara angle fully.''

To my knowledge (Seis can confirm if he desires) but Fwiji falls within two licence areas...

23004-HQ-LEL that contains the wider Fwiji area. This had a status of Active - Pending renewal. Expiry: 26/08/22 during the cadastre closure. However now says active, doesn't state pending renewal or expiry date.

The second licence was 24958-HQ-SEL which was a small area that I believe contained the shallow high grade drills at Fwiji. This was active and expiry was 15/09/23.
It's no longer found on the cadastre. I assume but can't confirm (again seis may be able to confirm as he is closer to the cadastre) that this area now falls within one of the recently updated areas.

Lol manx. You can sign up to alerts on the London stock exchange for specific companies. Then you are emailed when any RNS for those companies is issued. That'll be easier for intraday ;)

Yes Ella he does ATM but I shouldn't imagine he can be a COO at a ARCM and an Operations Director at another, and do either justice. A board seat isn't really time consuming, the others are.

It's possible he may stay as COO at ARC but unlikely given the operation will be controlled by AA. Its possible he may continue in a more reduced capacity after the JV, perhaps this detail won't be RNSd at this time as they can't share the full context of any new capacity until signing.

Anyway, it'll all come out in the wash.

Yeah but he has been about for many years (ortac) and is the Chief Operating Officer. It's an important role and given his long tenure I'd have expected to have had some form of RNS.

I think the fact we haven't but another company have confirmed this to the market is quite informative.
As, while they may have a technicality to not have to release an RNS, the fact they haven't yet may imply it'll be covered in a broader RNS they intend to release soon i.e. the confirmation RNS. To me either we will get an RNS later today about it, or it sign posts the JV is still on track and will be confirmed in the completion RNS.

Who else looks at ARCM early doors for that RNS........every.....single......day :) lol

Atb

We didn't /haven't had an RNS to mention Vassilios that KEN has already announced.

Sorry Fulmar. Just realised I cross threaded. My reply to you was obv not on the same topic.

Ken RNS from about 14 hrs today. Link was provided below ...

.......'and the addition to the Company's exploration team of Vassilios Carellas as Operations Director and Edine Bakker as Exploration Manager.'

Further down the RNS it says it's our Vassilios as reference to Arc Minerals etc.

Absolutely. Ticking all the boxes, joining all the dots.
Nice

I'd agree Fulmar.