Member Info for fulmar29

Eloro-i posted your David Wood presentation on Twitter and it is being well received

The world can get as green as it wants,and fund managers can be as pius as they like (allegedly on behalf of their investors).Coal fired power stations may/will diminish or possibly eventually be phased out,but there is no practical alternative to coaking coal which is used to produce a lot of the green elements in todays "carbon neutral" revolution !!!! Sometimes the energy used to produce the so called greener world negates the benefit of the end product.

"Don’t bother finding the next multi-bagger if you aren’t going to develop the conviction to hold it."

"Don’t bother finding the next multi-bagger if you aren’t going to develop the conviction to hold it."

Lordb-read the bloody RNSs thoroughly and you won't make such inaccurate soppy comments,or just stick quietly to poetry

45 mins into that presentation mentions the very low ppm needed to achieve Sentinel type grades and our surface grades were huge in comparison.But his question "where is the rest ?" is something I hope he is in the process of solving.

Cheers for posting that Eloro-intense but very,very interesting.David Wood looks like he's achieved the ideal i.e."doing his hobby for his work".All that data shows there is continuation of the geology from the west and north of us and so average grades from both K.Kakula and Sentinel would not be totally out of the question.So now we need to discover volumes.Thanks again F29

Lordbyron-why would the lease costs of machinery have to incur extra maintenance /fuel/wages costs? PC has already stated he is looking at the options,and one of those is a package where a contractor accepts full costs responsibility,which would obviously result in a reduced % for us,but it would still be cash generative

Two of our neighbouring mines doing very well,we are in the same areas,halfway between the two grades would be nice
https://www.miningweekly.com/article/fqms-zambian-copper-mine-exceeds-production-targets-2020-09-17
https://www.mining.com/ivanhoes-congo-mine-productivity-peerless-among-copper-giants/

No,you are definitely right jimmy,no need for speculation.The 23rd does follow the 22nd :-))

Jhaylock-thats exactly why I started to research Ortac a long while ago.

Great news today and some early speculators will have a punt,like most of the LTH did a while ago.What will transform this is the RNS that states some quantities and prices.for me that RNS is a "dot on the card" and I'm extremely relaxed with my position here and expecting it to multiply.

With the BoD owning so much of the company and still paying themselves in shares,it adds weight to their comments about using contractors initially to create cash in order to progress in many areas.Institutional placings are not in their own interests.

For me it means fully funded to get to an initial mining/recovery stage (using contractors) to create cash ,in order not to return to the market,but as you say we shall see in the next few weeks.

No ! Fully funded for the foreseeable future ,which will (if all goes to plan) create income to avoid further placings.

saying the right things "fully funded"-I just love those two words

I think my dog must have loads invested in Arc as he has exactly the same symptoms :-))

Graham.at the current sp any institution would have to spend over £1.5m (39m shares) before they had to declare it (TR1) and by that time they and others would have pushed the price far higher than 4.5p.So the simple answer is ,we will probably never know if/which institutions are buying until it is far too late to mean anything to us plebs.But in their position it would be crazy not to buy 2.9% or perhaps mere trifles like a few mill, mean nothing when you are going to pay 100'sm for an asset

with a Mcap of £10m and sp of .28p when this starts mining and producing profit ,3p will not be a fanciful dream.I just hope it doesn't get sold too quickly.GLA

https://www.miningweekly.com/article/battery-metals-to-boom-despite-widespread-covid-19-disruption-2020-09-11-1 vanadium gets a good mention later in the article