Member Info for Fukurokuju79

Helpme....... Help yourself. Chill.
Were you on the beer last night?
Blimey.
Atb

Peggycilla I actually thought you may be a holder but I'm more convinced than ever now you're not. Absolutely obvious.
Atb

Yes I recall seeing that Worzel and it sounds like from the proactive interview below we can certainly expect more news soon.... He seemed upbeat so I assume the most recent tdem has identified more targets they want to drill which has expedited this campaign (plus the 200k extra) in the bank BT mentions of course

Yep all looking good. It'll get harder for anyone to build a position from here without pushing price up.

I'm not adding as I'm positioned nicely. I only just noticed the RNS. Maybe my Alert went into the junk mailbox...grr, I'll have to check!

Great RNS though and can't wait to hear back on results tbh
Gla

Akhtar - I agree re extension of EA. In effect it should only be extended to finalise the paperwork of a deal, and not to allow AA the benefit of exclusivity to continue to negotiate. ARCM have said what they need, if AA don't agree at this stage then end the EA and drill and have the pressure of competition.

We extended before as that was included in the legals as their right. NvS is savvy imo and won't extend unless is very confident of getting what he has asked for. Especially given other majors around.

Regarding drilling - should have started the electro magnetic survey to help ratify/inform the deep drill targets but it's been slightly delayed as SA team have had to quarantine. Also when it does start the results won't be immediate as they are deeper drills.

I'm sure we will hear news on various fronts over the next few weeks.

ATB

Ella, not sure why the sarcasm tbh. A bit pedantic really.

I'll leave it at that. I and others have explained why we think it's not an issue.
You're welcome to disagree with the explanations given against your concerns. I personally think they are very compelling arguments and sensible but each to their own.

ATB

And a potentially significant point there too Swansea i.e regarding the fact it seems it's not applicable to a large scale mining permit. Which you'd expect the enlarged area to fall under once we've done exploration under the consolidated (enlarged umbrella) handa area exploration licence.

Hierarch - Also. Your posts are spot on IMO.

Atb

Ella, I appreciate it's a significant/potentially significant change however it's clearly part of a broader review and change of the licences with the backdrop of the potential AA transaction.
As others have said there are reasons to just retain an exploration licence, rather than a mining licence.

If the Kalaba change was in isolation, or the company saw the Kalaba change as material info on its own merit they would have released an RNS.

This tells me that it's not individually material and as we know the broader changes are related to the potential commercial transaction. NvS etc will release when they can I'm sure. Until then imo it's ah hold the faith situation. After all we are asserting or beliefs based solely on parts of the puzzle that we find, until they are able to release the news.

They have to tred carefully so I don't blame the relative silence outside of the conference calls. The conference calls are the company saying it's progressing, we can't disclose and please have patience.

The fact is not been in an RNS is probably a good thing!

News will be released when it's there to be released. We'll certainly hear something I'm the next handful of weeks anyway. Patience is easier with we faith. Otherwise it's torturous. IMO I have faith so will do my due diligence, and simply wait.

Airborne survey is delayed as per my earlier post. So IMO a couple weeks behind where they were expecting on IC, due to quarantine.

Licence changes made and it's in all likelihood still with AA to agree (or not) in house. I think a transaction with AA is highly probable, but if they don't accept the terms set by ARCM then it's probably best it doesn't happen.

Drill deep and Voisey Bay it as we like to say....

I know Ella etc have done lots work on checking the cadastre etc. I don't know the full situation on the Kalaba changes specifically from mining to exploration licence within the Handa area now. However I have had it confirmed from sources close to the company that the licence changes are now all implemented.

Secondly I know we were expecting news on survey and drill. Again I've had it comfirmed Zambia has put SA on their red list so the airborne survey delayed by the SA team quarantining.

So in short I'm saying don't expect further licence changes. Sounds positive they are all made! And give it a little longer on the airborne survey and drill activity. Assume a couple extra weeks based on general quarantine timescales

ATB gla

Also we may get an RNS with more electromagnetic data from the 50m line spacing. Or they may just put into one RNS along with drill start. Will see if the EM data changes any of the key deep drill targets...

Gla. As everyone says, just waiting game. Patience and wait.

Yes another good asset potentially.. Nice RNS.
Gla

Ok thanks. Yeah licence changes are defo related to a transaction.
ATB ngt

Hi Ella, apologies if I have missed something. Regarding your comment
>>The change to the Kalaba mining licence is something that investors would need to be informed about. I assume the change to the mining licence, as part of any deal, would be one of the last things to happen. I think there's a good chance of an RNS tomorrow.<<

Has there been a recent change that has driven the view to a good chance of RNS tomorrow? Thanks in advance

F79

Lots green boxes must mean idiot is out to spend the weekend on their own amusements again. Who letd them out. Bless

Kanye has been discussed here a little and mixed opinions. Some say bad, some good, some indifferent.
Here was my comments on it....

>>I get your point FKC. You'd have to put it to the company but IMV I'd suggest that if the JV hit a major discovery and make the KCB asset worth a decent chunk of change then this will still be reflected in the value of the newly listed company, and so we still become rich.
It also to a degree de-risks that project from the associated and potentially higher risk KSZ project. For example having the KCB JV listed independently you'd like to think if the KSZ drills hit naff all on initial targets, then the market over reaction wont also wipe the attributed value of the KCB project to smithereens.
It all links back to greater separation and transparency of each project. For the reasons above and beyond e.g. easier if majors want in on the KCB as its already separated etc etc. Yes there will be some additional administrative and listing costs but overall I support this approach, for the reasons I perceive and others (such as those above).
Just my view.
KR ATB<

Not takeover.
JV or partial buyout i.e. specific assets not all.
Atb

>>Hope everyone topped up to multiples of 100!

Re the above. It wouldn't have been worth doing. I'm already in round figures but most you would lose is 99 shares (pre consolidation) so if they round down, at a pre consolidation price of 0.4p is max loss Under 40p. Given dealing fee etc no point buying to nearest 100 pre consolidation.

Gla

For clarity kav is standard list of main market, not AIM. Overvalued is a subjective view. ATB though

>>To be fair, cash is a risk to KAV

Replace KAV with all junior explorers....it's not a unique risk to KAV and is a reality of any company prior to revenues and even beyond, especially exploration companies.
Any copper 'play' etc etc will have this risk. In fact the risk is the reason for the potential reward.
It's not for everyone though gland each to their own.
I need to catch up on the webinar as I couldn't attend so wanted to here the question I raised l too