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Agree patience is absolutely needed for AFP and other CB projects.
Large licences in very prospective areas need significant investigations. There is little or no previous history.
In the last RNS update (23/10/2023)FQM asked for another 6 months to further investigate two outstanding licences.
We are also hampered by the Rainy season Nov to Feb when things slow down.
Hoping for some progress reports soon.
FQM report quarterly, after that time AFP, often seem to get update reports. The next FQM report is 20 February 2024
EmeraldCarrots thanks for posting the Link.
Excellent presentation, things appear to be coming together on commercialisation.
It may only require one RNS with Major Pharma to ignite a rocket under the share price.
Don Durrett respected Gold Expert thinks we are insanely undervalued
https://seekingalpha.com/article/4654313-gold-and-silver-don-durretts-3-easy-picks-2-favorites-and-4-etfs?mailingid=33493301&messageid=2800&serial=33493301.1863&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=33493301.1863
Burford have full control of case
https://news.bloomberglaw.com/business-and-practice/everybody-wins-as-sysco-hands-burford-control-of-lawsuits
Https://ceo.ca/@globenewswire/hammerhead-energy-inc-announces-record-financial-and
Https://theoakbloke.substack.com/p/jlp-q1-update-jubilee-tion?utm_source=profile&utm_medium=reader2
Https://theoakbloke.substack.com/p/amedeo-amedeo?utm_source=profile&utm_medium=reader2
Https://www.first-quantum.com/English/announcements/announcements-details/2023/First-Quantum-Provides-Notice-of-Third-Quarter-2023-Results/default.aspx
I think that as a JV Partner, AFP should receive its own detailed Report.
How much shareholders see, will probably depend on what FQM will allow AFP to reveal.
Pretty sure Colin would be keen to reveal progress of project and the drilling results.
FQM Results report to be released on Tuesday October 24th.
AF should be getting results of air core and diamond drilling results.
CB last comments were.......
'Colin Bird, Executive Chairman, commented: "The discoveries made during the last quarter and the resulting report are ground-breaking for our partners and AFP shareholders. The apparent confirmation of the extension of the Western Foreland and the presence of key vectors possibly consistent with Kamoa-Kakula style of mineralisation is an exciting discovery and potentially paves the way for the delineation of the type of copper resource that could be transformational. This new opportunity coupled with the extensive surface mineralisation on both of our licences focused on eight primary targets with a combined strike length exceeding 30km together with the discovery of high-grade cobalt mineralisation merely amplifies the overall potential of this JV Agreement. We look forward to the next reporting round to provide shareholders with further updates based on the drilling and geophysics scheduled by FQM"
The CEO of ZAMARE Minerals is a nearby Brit neighbour. He is highly experienced in Zambian geology.
In the interview he describes the exciting deposits in our Areas.
https://www.zamareminerals.com/n/n29/interview-with-roger-murphy-on-mining-network
SeisNav _ Thanks for your posts, always worth reading.
There are changes afoot in Zambia. They are sorting out previous long standing problems. This can only be good for the whole mining sector.
Also some of the most exciting things now are along their Northern Boundaries.
CEO of ZAMARE Minerals gave an excellent interview about Zambia.
https://www.zamareminerals.com/n/n29/interview-with-roger-murphy-on-mining-network
Https://www.facebook.com/permalink.php?story_fbid=637090271943011&id=100069261307422&ref=embed_post
The 2 year option period expires on 2nd October 2023. If they have not exercised the option or applied for an extension in the period, they have have no right to any licences.
The latest interim RNS clearly states.
7.2 Sandfire has notified the Company that it will not be exercising its option under the Sandfire Option Agreement.
Looking forward to more exciting results from Zambia.
Interims RNS not shown on LSE today.
Big news Sandfire not proceeding with their option, which is disappointing.
Namibia copper project is progressing.
Zambia First Quantum exploration is the potential big project. Given its location, success could be beyond our wildest dreams of avarice.
Still early days , lots of results on drilling and investigations should be due soon.
WHI note 0n 06 June 2023 was about value added chrome deals.
Last years chrome contribution ~ £10m from processing 1.29Mt concentrate. The fixed margin to Jubilee was 4%
The new partnership deals are at 20% margin , a 5 fold increase.
The substantial increase in sale price of chrome , over last year, adds to the profit.
Amazing properties
https://monroeengineering.com/blog/6-surprising-facts-about-titanium/#:~:text=As%20the%20ninth%2Dmost%20abundant,and%20produce%20than%20other%20metals.
Load shedding is endemic, because of seemingly untouchable criminal elements, the situation appears out of control.
https://www.bbc.co.uk/news/world-africa-65671718
GTx1
If any investor can put an accurate value on Burford, I would be totally surprised and gobsmacked.
Though lots are having fun at the moment speculating and dreaming
There are too many moving parts, cloaked in the secrecy of client confidentiality. Added to that are multi-complexities of the various funding sources, uncertainties of complex accounting issues, court legal delays and outcomes. Not to mention the rapid growth of the business and expansion overseas.
What we do know is that we have a world leading business in their field and a superb entrepreneurial management team.
I bought my holdings below in 2012 in its early stages. Burford is a compounder and initially Chris Bogart declared dividends will be relatively nominal, as profit will be ploughed into growing the business until the sector becomes mature.
The Company settled into an annual IRR of around 30%. From 2012 , 6 years of compound growth at this 30% rate indicates around 482p ignoring tax (100p x 1.3x1.3x1.3x1.3x1.3x1.3). However in 2018 the share price had rocketed to 1,998p and looked wildly overvalued, I sold 35%. I am holding the remaining 65% in the long term, unless the management change.
Adding another 5 years of 30% of compounding brings a potential growth to 1,792p in 2023.
The recent 560p share price was grossly unvalued. Even the recent share price rise increase is derisory.
There are anticipated to be some very large cases going through their pipeline. The value of which will have highly materially positive effects on our earnings.
YPF will sit on top of this.
I feel pretty confident that when the markets settle down and come to their senses, we will be looking at 2000p +
Many people don't understand Burford and are looking at it through a rear view mirror.
There is a large potential value, in terms of work in progress, that is there but out of sight
Its great that the BBC are highlighting the importance of Liquid Biopsies in monitoring cancer treatments.
It's clear that the BBC News article has no relevant to ANGLE or Parsortix other than it being in the in the Sector.
For years Cell Search seem to have dominated the CTC monitoring , despite them not necessarily being that accurate.
The field of Liquid Biopsies looks fiendishly complex , and ANGLE is a new kid on the block, with a great product.
It will take time to partner and commercialise new products incorporating Parsortix. It takes years to launch, and get accepted, new ways of working in the medical sector.
This is a share that needs to be held by a patient investors. I'm a long term holder and happy to wait for success.