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Billy I’ve been around AIM for a long time I haven’t been fed anything I haven’t already understood myself. Can anyone else explain what you hope to achieve because billy clearly doesn’t have a clue?

I really think that if you take away all the emotion from what is being proposed it’s pretty thin. Wanting to know why he paid himself a bonus on Manica disposal, what the loans for Chilibwe drilling convert to and what is going on regarding lack of updates for assets.

7/11/24 RNS Chilibwe drilling. - “We look forward to providing the Market with updates once drilling generates material results".

8/10/24 RNS BR re. further technical work on CPF - “We will keep shareholders informed on the technical and financial results as they progress"

30/7/24 Zambian WF licenses planning. - “We will keep investors appraised of the results of our field work as it progresses."

Everyone has had 3 odd years to continually evaluate your investment here. You are still here so it must mean you are confident the current board can deliver a return on your capital investment.

Good luck to you but I really don’t see what you expect to achieve from these disruptive and idiotic actions.

Andrew has 17m or had, Billy told us he has 6m I think it was.

If that helps but I’m not sure of the grounds for this doing.

Hey CP you’re welcome, Archer is visiting the mine in ‘25 so I’m sure there will be more input from him throughout next year.

Agree there is always Pi bias in some form or another, everyone has an agenda but it’s always down to individuals to fully understand what they are buying into and importantly ‘own’ their shares. But the misguided sentimentality that you can then get with that on other company boards having blind faith and then when anyone that questions it is vilified is rather amusing. 😉you have me in stitches CP with their reactions really entertaining.

Of course spondy

https://thatstocksguy.substack.com/p/post-fundraise-interview-with-amaroq?utm_source=podcast-email&publication_id=1504413&post_id=152793130&utm_campaign=email-play-on-substack&utm_content=watch_now_button&r=4j2ztm&triedRedirect=true&utm_medium=email

”it's all bull**** and will not work, mark my words!!!” - MrT

Toyota (and myself) would tend to agree with you on that. More than 10 yrs ago, Toyota stated that Hydrogen ‘will’ be the fuel for the next 100 years. EV’s certainly will make some in roads towards decarbonising and reaching net zero, but FCEV’s will eventually take over as infrastructure is progressively rolled out across the network.

“I imagine old Archer will be putting pen to paper.” -CP

Was briefly mentioned on his TG group with Archer reposting his hour long interview with Amoroq’s Eddie Wyvill on his X feed.

Continues to champion AMRQ 👍

And confident it will continue to rise!

That is true Andrew, I did say I didn’t see any reason why drilling would not start which my thoughts were based on the fact that GLR had made their decision to drill beforehand where it was preceded by an extensive programme of reconnaissance and the repair of roads and bridges to provide safe access for drilling equipment. This was RNS’d by GLR. At that time we were led to believe XTR needed to do similar access improvements to get to their drilling sites. So at that time, I felt there was no reason to suggest otherwise.

I don’t mind being a buffer, as I have put that much out there i have to expect that I will get some stick.

Fair one 👍

Good indications as to what they believe is coming in the podcast CP.

Understanding how gold vein hosted resources are difficult to get classified by third party consultancy is nicely explained in the podcast by Eddie wyvill. Bit on the MRE due was really encouraging. Intend to continually update annually with them confident there is a ‘few million’ ounces of gold just in Nalunaq. Also AMRQ intend to fast track plant optimisation and costs to get the already relatively low AISC estimates down even further. They are aggressively pushing forward with plans to maximise free cash flow margin that’s a cert.

Appears relatively low key but there is always a very good reason when companies get involved in projects like the arboretum.

The importance of continued and supportive social acceptance of mining in southern Greenlands pristine arctic tundra from the local community is really important. Getting involved in projects like this along with employing from the local community will go a long way toward those green credentials as will help score toward a higher rating for sustainability in its ESG framework which all goes toward continually getting its permissions along with keeping locals onside.

Reducing its carbon footprint will come later when it transitions to electric plant, shovels, loaders and drills from diesel currently being used when it can develop and incorporate own renewable energy systems they are working toward.

Hi James

Resource upgrade Winu If still of interest for comparison

https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=02634630

BT AIM is a capital market it’s what drives the junior resource sector that allows the very few that will succeed to grow to be the next GGP

Https://thatstocksguy.substack.com/p/post-fundraise-interview-with-amaroq?utm_source=podcast-email&publication_id=1504413&post_id=152793130&utm_campaign=email-play-on-substack&utm_content=watch_now_button&r=4j2ztm&triedRedirect=true&utm_medium=email

An hour with Amaroq, Charles Archer chats with Eddie Wyvill, head of Corporate Development

-Key ground covered includes the recently oversubscribed placing for £27.5 million at no discount, plans for the MRE upgrade, updates on mine optimisation, gold/critical minerals exploration….and CEO Eldur Ólafsson’s plans for the first bar of gold now that it’s finally in his hands.

“This remains, in my view, one of the highest quality stocks on the market - and as production ramps up over the next 12 months, investors should be handsomely rewarded.”- C.Archer.

Post-fundraise interview with Amaroq Minerals

Nice bit of mine porn Bamps, there is a fair degree of underestimation it seems of the potential ease to which mine extensions can be exploited now with higher gold pricing coupled with tighter controls over Op costs from a new and determined management team with fresh impetus now to not only bridge the ore gap but continue to supplement Hav ore long after ramp up from those longer term opportunities that will only have to carry their own ongoing CapEx and OpEx costs to be viable if the geology, metallurgy and all those good things share similar characteristic’s that made Telfer the cash cow it once was and soon to be again.

Here’s another bit of mine porn on open stoping that some folk may not be as aware of the mining method Havieron will employ.

Will it deviate from this much in any way ?

https://youtu.be/BdU6-DvnpVU?feature=shared

Need patience and willingness to understand the market conditions. There are simply not enough buyers around with new cash to spend. That also means MM’s are not making enough profits so prices are reduced to help stimulate market conditions by increasing liquidity and spreads have continually been widening to make more money off each trade which in turn stifles any buying pressure even further so they increase the spread…….. It’s a vicious cycle. Any rise soon gets sold off so MM’s can then drop again under what limited volume there was.

Previous news has just generated a cycle that keeps repeating and plays into MM’s hands to generate their profits. It will need the market to turn bullish and have a continuous flow of news to attract new investors in. There is no point wasting any news now, Colin has previously said they need to build up a stream of news flow for when all the ducks are lined up. When it does turn we just have to hope Moz mine disposal and Colin’s managment has been well and truly justified.

Hi james, winu is certainly higher grade although is vein hosted copper gold with silver so will need to be more selectively mined and processed, but still from open pit. Last resource and reserves statement i had notes on which was released in '22. The proposed starter pit comprised of 153mt @0.76% CuEq (25mt inferred & 128mt indicated) working with a cut off grade 0.45%CuEq. Don’t know if the tonnages have been increased since, not checked myself.

But for comparison a simple rule of thumb is that the average of a good deposit grade should be at least double the cut off grade across the whole resource.

So with current racecourse estimate of 512Mt @ 0.22% with a cut-off of 0.1% is within that range compared to Winu as at ‘22 update for a resource of 608mt 0.49 CuEq @ 0.2% cut off.

Another comparison looking at 2018 scoping study from caravel then similar evolution to BR now with a then resource of 662Mt @ 0.28%Cu with a cut-off of 0.15%Cu. Which is just shy but not to forget that the economic cut off grade only takes into account mining costs and not any CapEx outlay.

So trying to compare resource stats is trying to compare apples and pears i find. Have you got their economic assessment for Winu? Value comparison using NPV model would be most sensible.

Best

Guy

Hi Bamps

“The stockpiles are needed to supplement the gap in production from the end of the 15 month plan to around 18 months.”- Bamps

Ok get it now, so you think it can go straight through. When I hear low grade I immediately associate as being marginal. Hence to blend with higher grade material.

Guy

Hi Bamps thank you for the ore synopsis toward telfer mine plan earlier today. Will be a considerable increase if can all go in. Personally keeping feet firmly on the ground until the actual mine plan comes out. Any thoughts on how they will utilise the extra 20 odd million ton of lower grade material that needs clearing? Im assuming they will want to see it go through plant at some point sooner rather than later so will it need blending to uplift grade? Could they even hold off to put it through with 1st ore from Hav perhaps if compatible?

“Is there a reason why this hasn’t jumped 25/50 % already, considering the positivity around this company.” Crigie

Private investors alone are not going to drive market cap to much higher levels and see it sustained and more institutional investors and higher net worth individuals will want to see proof of increased mineable ore reserves firstly (mid ‘25)then a bankable study at end of 25 for Havieron by year end ‘25 will be the main drivers for them to take positions. Exposure to Asx listing should see some adjustment after. Be patient.