Member Info for gameangler

No clear trends, constant fears of tapering and interest rate rises causing unsettled market jitters.
Fundamental background is increasing concerns about current rising inflation, which should be supportive to gold.
A very slow rise in interest rates will not compensate investors for rising rates of negative real returns on bank savings.

https://www.kitco.com/news/2021-09-16/Gold-price-is-in-no-man-s-land-after-40-drop-as-outlook-on-U-S-economy-shifts.html

See seeking ALPHA
https://seekingalpha.com/news/3730924-eton-pharma-urged-to-address-misleading-claims-linked-to-alkindi-sprinkle?mail_subject=eton-eton-pharma-urged-to-address-misleading-claims-linked-to-alkindi-sprinkle&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha

Agree with the positive comments, and new management are really getting to grips with some long standing problems.
As a long term shareholder I have never felt more confident of our future prospects.
BUT the issues with the SA tailings facility is a serious concern to me. We have for years not properly addressed this.
A succession of proposed 'solutions' have come to nothing. We appear to be trying to get another (probably expensive) short term fix until an alternative facility is constructed. Ultimately if the problem is not fixed the SA operations will eventually be shut down.
Trust the new management will get this sorted, they have been good up to now.

More support for raise in HUM valuation
https://www.investorschronicle.co.uk/tips-ideas/2002/01/02/latest-update-companies-smashing-broker-forecasts/

FIASCO

This is beginning to look very interesting.
Open ended copper deposit, shallow open pit, some very good grades and copper price $10,000/t and rising,(12 months ago copper 4,300/t) . The profit margins are exceptional.

Artisanal miners unhappy with foreign firm taking over . Maybe Hummingbird about to get possession?

https://www.garda.com/crisis24/news-alerts/468506/guinea-increased-security-likely-following-clashes-between-security-forces-and-demonstrators-in-kouroussa-april-17

My first reaction is that the Directors have decided to dispose in bits?
NvS has always thought that there are multiple Tier 1 size copper deposits within the huge area.
Possibly Zaco and Zamsort have different issues?
The other Tier 1 mining companies may be making strong overtures that they will pay well for part of the action?
All will be revealed in time, and it shouldn't be long.

Novelion took a large number of Amryt Shares ( 14,040,250 ) for the sale of Aegerion. These were to be distributed to the Novelion shareholders as part of ongoing Liquidation.
There could be sales from that source.
This share is a keeper for me.

Plan finally ( 2months late) submitted to Receiver 02/03/21 with proposals to slash costs.
Aircraft types to be reduced from 12 types to 5 and a plan to negotiate with lessors with pay for use by hourly rates.
After filing with the Official Receiver, a copy will be sent to creditors.
The rapidly growing vaccination programme beginning to look like the early foothills of recovery.

Price is what you pay, Value is what you get.
The share volume is low, so share price may be viewed as irrelevant unless you have to sell.
The intrinsic value of the Company is unchanged.
Probably like most holders here, my total costs are disappointingly well underwater, but it did not stop me from buying 200k in 3 trades just before the close.
My view is that with patience value will shine through. In 2 years time a lot can happen.

Emirates announced all engines are GE manufactured so planes not grounded.

San Antonio area seems to have been part of extensive damage and power outages, from storms and record freezing temps.
Bound to have been some disruption, but no indication from the company on any issues with operations.

Platinum price up from $850 to $1100 in 2 months, pgm earnings will be rising sharply.
All good news.

Colin/Leon are buying large quantities of various metals on the surface. They have the technologies to upgrade them to high grade saleable commodities. This is SUCH a good move in preparation for the coming boom.
This video was a real eye opener to me and the the later comments in it about US valuations is startling.
https://www.zerohedge.com/commodities/epic-commodities-boom-coming

Previous JORC figure for ROAN
http://www.bmrplc.com/announcements/04052011%20Luanshya%20Memorandum%20of%20Understanding.pdf
and
https://www.miningcapital.com/companies/news/25211/berkeley-minerals-to-acquire-majority-stake-in-luanshya-copper-tailings-in-zambia-30122.html
Understand JORC is an estimate based on sufficient info to make a professional judgement.
The quality of the delivery process must have an effect on recoverability.

In the case of some tailings, there are newer better quality processes that can retrieve more metals than the first pass.
In Kabwe the tailings are a prime example of this, as are our fine chrome operations.
Leon and Jubilee appear to be well ahead of the game in doing this. If they can't find an economic method of extraction they don't buy the surface tailings, so minimal risks.
CB has a wide knowledge of closed major mining sites. They are getting in early and signing up large stockpiles with production lives of 10+ years. If anything the successes are firing up Leon to rapidly increase the size and jurisdictions of more projects.

Became shareholder 10yrs ago at their purchase of ConRoast. I have seen grim, grimmer, dilutions galore, then light at the the end of the tunnel (probably Leon holding it). Now we are gathering steam on a journey that I will be on the full journey.
Happy Days enjoy the journey.

It is a real pleasure to read these results. Not just financial improvements , but also a comprehensive attempt to provide the shareholders with operational details and challenges.
I am very impressed and thank the Directors for their efforts.
Their professional approach and communication with shareholders, puts many other companies to shame.

I predict a drawn out earn-in will not happen, the Directors are against it, and their partners Zamsort and Zaco would be against it. It makes no financial sense and there will be a sale, possibly in parts, whatever gives the best cash returns.

Colin Bird developed the not far away Kiwara deposit (now named Sentinel Mine) and sold it to First Quantum Minerals in
January 2010 for $279m. Grade was one of the lowest in Zambia
https://www.miningnewszambia.com/sentinel-kalumbila-mine-aim-to-start-production-in-2013/

https://www.miningweekly.com/article/first-quantum-says-new-zambia-mine-smelter-to-cost-24bn-2012-03-26/rep_id:3650

Colin Bird says that it is not the explorers role to drill out a JORC. It takes years and a costs a lot. A Major will buy
if you demonstrate the potential ie grades and extent, with sufficient other information to give them confidence to take a risk. AA is doing this now, they may also be talking to FQM about making use of Sentinel as it runs down its resources.

Fulmar thanks for highlighting my questionable maths. It was a quick off the cuff late evening post. It was based on shares outstanding of 977m see http://www.arcminerals.com/investors/share-information/default.aspx

Based on fully diluted shares of 1,317m 0.5 % of ARC would cost approx £200k. Trust this is correct.

Assuming there is a deal 29% Zamsort and 32.5/27.5 Zaco(depending on convertable loan) will also take their chunks out of the settlement.

I assume there will not be an earn-in as the Directors have previously not been keen on this.
They have clearly stated they are an exploration company, and are not a miner.
At this stage, there is enough evidence from various geotechnical surveys and the drilling to date, over a wide area, that there are multiple potential Tier 1 mining deposits.

Earn-ins would be a disaster for shareholder value. You end up with massive dilution which pays for the majors intensively drilling for their own future benefit, which they would have to do anyway. You loose control of timescales and your destiny.

Goldman Sachs has just proclaimed start of another commodity cycle. All the majors will know this.

A global monetary and fiscal reflation boom will coincide with de-carbonisation in the energy supply market. The reappearance of emerging market demand (the cause of the last boom), may also contribute.

After the Lehman crisis majors slashed exploration budgets. The effects of their chronic under investment is now causing anxiety. It is dawning on them that they are desperately under supplied with quality deposits, to take advantage of the size of the upcoming opportunities.
I guess most of the experienced investors here will already be fully aware of this.

We may be in the very early stages of this change in commodity pricing. The supply crunch hasn't really started, but if it follows historic patterns, ultimately prices will go through the roof aided by derivative markets.

The surging copper price means we are sitting on potentially a huge and rapidly increasing value asset.
I would be more than happy to sit on this as long as possible.
In the above circumstances, the fact you can buy 0.5% for £150k leaves me in a continuing state of smiling bewilderment.

Both NvS and Remy have stated there will be no sweetheart deals with Anglo, and I take them on word. What concerns me is that an early sale with closed negotiations is going to leave too much on the table, when you look back at copper prices in 2 years time.

With this asset now also showing sulphide deposits, there is probably a lot more value to be added by the drilling programme which is still unreported., to the open market.

Surely happy days to come for us all, we have waited so long, a little bit longer could provide icing on the cake.