The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
to your question on why they need shares holders. *****on has the f9 fund too. they will also invest in his metals projects. if the company was private he would have a large tax bill. he could easily bring funds in. paying dividends is very tax efficient way of getting money twice yearly.
Blesberg has drill programs, satellite scans and plane RF scans.
https://x.com/jb_miningafrica/status/1721085593008894255?s=46
Try this link
https://youtu.be/j5VOfPzrxCo?si=mMlTCjec7W7pR3YC
just answers to dee patels incorrect research. im not sure a billionaire like *****on is going his money.
he started from nothing his interview is here and what he wants.
https://youtu.be/j5vofpzrxco?si=caij072g84oshnpo
This corporate video shows how big QGC are
https://youtu.be/dHEn_zOBnHA
HTTps://twitter.com/Chuggley1/status/1621140180815183873?t=-aJ5gETUmZ2-oHgCldPajA&s=19
Atlantic lithium 1.5% grades of Lithium 1 project. MCAP 242m. MARU 3 Projects potentially 6% Lithium grades on 1 with copper and graphite on the other 2 projects. £5m MCAP. Drill bit starting on Belsberg soon to give firm results.
So let's get this straight I believe you. If you go on telegram you can see the document yourself. Of course you could contact Peter Major yourself. But you wont. You will just carry posting cr@p.
o. As the months went by trium prices turned down
and continued to fall and AVL, losing interest in
lithium fast, decided to drill and trench out on the
flats to see how large the orebody was. They took
lithium testing away from South Africa and sent it
to Australia for sampling.
9. In the end lithium prices continued to fall and
AVL they lost all interest in pursuing Blesberfg
further. AVL claimed 20% equity for R10m and we
were never even given the receipts to claim VAT,
let alone to see what the R10m was spent on
(Travel etc. was rumored to be big proportion)
I can write more tomorrow gents - but have to run now.
Sincerely
Peter Major
DIRECTOR MINING MCS
RE: Blesberg. Why/ how did AVL get
it so wrong at Blesberg?
Dear Jason
I will try and answer your question as best I can. My
memory is not 100% and many of the exact dates and
numbers I will need to double check
1. As Peter Hibberd has said I don't think AVL had
much if any experience with pegmatites/ pegmatite
orebodies. The Main shareholder/ investor was
Les ???, a nice Australian fellow, but totally green
in mining with most his money and experience
coming from property development (! was sure he
said). Les trusted Vince hugely and Vince was
AVL's CEO and a fast talking ex South African
geologist who had gift of the gab and had been
coming here the past couple years looking for
attractive investment properties
2. AVL/ Vince had been in the paper and internet
often with journalists and analysts questioning his
high annual salary! package (+ $AU 300k pa?) for
an underperforming junior miner. The Lithium
market was running (this was 2016 2017) and a
fellow South African geologist who knew of us and
Blesberg informed Vince of it. Before the SA geo
had even finished his DD technical report, he was
off to Zimbabwe on a big lithium job and Vince just
said, "Let's do the investment anyways" and they
signed the Term Sheet, paid the money and
brought a younger, greener geologist than even
Vince over to SA to project manage Blesberg.
3. The lithium price world-wide was strong and
expected to go much stronger. Vince felt Blesberg
would give his company AVL a real good positive
cnin and rnicn tho chara nrinn and ant auoniona off.
3. The lithium price world-wide was strong and
expected to go much stronger. Vince felt Blesberg
would give his company AVL a real good positive
spin and raise the share price and get everyone off
his back
4. We all started out great friends and associates, but
as the months went by, we (Mergence Corp
Solutions and Peter Hibberd) found we weren't
being consulted about the Work Program and
accompanying expenditure. The Term Sheet said
R10m had to be put into the ground for 20% equity
I believe. But as Peter Hibberd said - AVL went
and got a South African driller (with a poor
reputation) who really let them down with
equipment breaking down all the time and other
delays. The went thru another 2 drillers - finally
ending with the one we'd recommended at the
start.
5. AVL never did any diamond drilling and although
we knew Blesberg had a real nugget effect on it's
tantalum and spodumene ore, we still all believed
the occasional core drilling as we had planned
(every 4 th or 5 th hole I think) was going to tell us
'so much' about the orebody.
6. The driller, drill pattern and location - and all else
ended up being totally decided from Ozz- or by
their young ex pat geo. Not by the BLesberg
management, peter Hibberd and I and others.
7. Some very high grade tantalum and spodumene
was intersected - but it was a bit random.
Reverse circulation drilling left a lot to be desir