focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Another nicely timed top-up this morning.
Been out for the day to a new coffee filter machine.
Just got back to see a nice rise and a BB full of new posts.
Anyway I'm expecting some news next week re progress on the JV/Sale.
Production plant update will probably follow shortly too, even if its just to say the new parts have been fitted and I will be happy with a more detailed production update by Q4/year end.
Exciting times
Happy to be holding
GLA, NAI, DYOR, & ATJ
now for a nice cup of coffee!!!
Another 150k top-up for me.
News next week
GLA, NAI, DYOR, & ATJ
Its worth keeping up to date with the progress at IAMGOLD,
Some of our potential success is directly related to theirs.
http://www.iamgold.com/English/investors/news-releases/news-releases-details/2018/IAMGOLDs-Feasibility-Study-for-Boto-Gold-Delivers-Significantly-Improved-Project-Economics/default.aspx
GLA, NAI, DYOR, & ATJ
More news to come (possibly this week)
JV/Sale
RNS Extract :-
“While the parties continue to work to conclude a transaction, the Company has granted to Singa a non exclusive option on broadly the same commercial terms as the original Agreement save for the terms relating to exclusivity. As such, Singa will be entitled to exercise the Options on the same commercial terms as previously disclosed.
However, the Company will also be at liberty to work with and/or receive and/or accept offers from third parties for the development of the Dubrobin and/or Matala Gold Project.”
Exciting times.
GLA, NAI, DYOR, & ATJ
More news to come (possibly next week)
JV/Sale
RNS Extract :-
“While the parties continue to work to conclude a transaction, the Company has granted to Singa a non exclusive option on broadly the same commercial terms as the original Agreement save for the terms relating to exclusivity. As such, Singa will be entitled to exercise the Options on the same commercial terms as previously disclosed.
However, the Company will also be at liberty to work with and/or receive and/or accept offers from third parties for the development of the Dubrobin and/or Matala Gold Project. The Company retains the right to cancel, in its sole discretion, the Singa non-exclusive Options at any time.”
Exciting times.
GLA, NAI, DYOR, & ATJ
I just missed out on a 150k top-up @ 1.17
Price refresh locked me out.
Oh well
glad to be holding
GLA
I agree Avery, charts are looking really good.
The Kumo Breakout signal occurs when the price leaves or crosses the Kumo (Cloud).
A bullish signal occurs when the price goes upwards through the top of the Kumo.
If we can get a nice blue day today it will further add to the strength of the Bull signal.
GLA, NAI, DYOR, & ATJ
Extension of Thakadu and Makala mining licence.
Kevin van Wouw, CEO of Cradle Arc, commented:
"We have always believed that the Makala and Thakadu deposits present a great opportunity for Cradle Arc. Thakadu ores were mined and transported to our Mowana copper mine by its previous owners as recently as 2015, so we have significant existing knowledge of the potential quality of the copper sulphide ore which also has significant silver credits.
"Now that we have been formally granted an extension to the mining licence until the end of May 2020, we can, subject to obtaining the requisite finance in due course, start to plan for the additional drilling required in the future to enhance the confidence of the existing resource, a vital step towards completing a feasibility study for a potential underground mining operation using access from the base of the existing open pit."
1.25M sell and the SP stays flat, now thats encouraging.
New support level forming circa 1.3p
Onwards and upwards from here, potential 6 bag in 6 months..
exciting times
GLA, DYOR, NAI, & ATJ
Another 200k top-up for me
GLA
Is that yours delayed?
Thanks J1,
really appreciate your input.
Please don't feed the ducks.
We are doing just fine without them.
Operational Updates RNS - Extract
Kevin van Wouw, CEO of Cradle Arc, commented:
"During Q3 2018 and subsequently, we have been constrained by intermittent equipment breakdowns and sporadic interruptions at Mowana's processing plant, which is ten years old and is being rehabilitated following a period of care and maintenance. Over this period, we have been able to identify weaknesses in the design and condition of the existing equipment and formulate a remediation plan involving the targeted application of funds raised from the Facility to repairs, the acquisition of spare parts and the installation of standby equipment/redundancy*.
"We strongly believe that the progress we have made in our open pit mining activities within the North Pit and the North Rim Extension, combined with the proposed rehabilitation work to the processing plant, will enable the Company to achieve a significant improvement in throughput and hence recovery in Q4 2018 relative to its Q3 performance.
"As set out in the Company's previous operational update of 25 September 2018, we have developed the orebody to the extent that we now have access to a large amount of transitional and supergene ore, which is anticipated to deliver improved recoveries at a reduced production cost over the remainder of the year and all of 2019. The plant improvements that we will be making over the coming weeks should result in the stabilisation of operations, improved copper recoveries, and ultimately increased production."
*In engineering, redundancy is the duplication of critical components or functions of a system with the intention of increasing reliability of the system, usually in the form of a backup or fail-safe, or to improve actual system performance.
GLA
Bid on the sharp rise
Another tick-up coming
GLA
Managed to get another 350K
A blue day would be great
GLA