Member Info for ICL1960

"The KT Project is primarily a copper mineralised altered and brecciated shear zone also containing nickel, cobalt and gold mineralisation."

"copper mineralised altered and brecciated shear zone" ???

If only I paid attention in Geology, oh that's right, I didn't do geology!

I am going to assume brecciated means the same as sedimentary, hence porous, and suitable for leaching.

I further assume that in the last two years, Jan King climbed out of his deepest hole mine, had a bath in Cape Town, and picked up a copy of Mining Weekly, and started talking AMMLeach in bars. Porous rocks, and marginal tailings, ammonia costs less than caustic soda/acid. When business suit Martin said it, no street cred, but from a boozy miner, everybody pays attention.

https://www.deepsouthresources.com/investors/news-releases/deep-south-resources-to-acquire-75-of-the-kapili-tepe-copper-nickel-cobalt-and-gold-project-in-turkey-will-proceed-with-a-private-placement-and-will-seek-a-listing-in-london/

Odd webpage layout, top of page, there is a 中 chinese character, which takes you to a chinese version of the story. Normally, you would expect 中文 , or a drop down menu for languages. It gives you a choice of English, Simplified or Traditional Chinese. Still, the downloads are nice. Big letters and pictures. Not too many words. ;)

https://cdn.nai500.com/wp-content/uploads/2018/03/Deep-South-Resources-DSM-Fact_sheet_Jan_2018-EN.pdf

https://cdn.nai500.com/wp-content/uploads/2018/03/Deep-South-Resources-DSM-Presentation-February-28-2018-EN.pdf

Very informative about the Congo.

Preceded by Dan Snow's History of Congo, from 2013.

I have nothing to wear.

What do I show to gain entry?

Share certificate?

So how would they count the votes?

What happened to the registrar sending an AGM letter via the nominee account, so I "appoint the chairman" to vote on my behalf? Or does AIM work on the Pirate Code, as laid down by Captain Bartholomew Roberts?

Part of the pre-AGM speculation crowd.
A bit late, since the rush was yesterday.

So sweet, split into three trades so he doesn't move the market.
How considerate. Hehe.

http://www.miningweekly.com/article/ammonia-leaching-technology-replaces-sulphuric-acid-2011-09-02/rep_id:3650

Looks like the BOD just walked into a bar, bought a round of beer, and left them to it.
And nothing happened.

Same website, search for "Alexander Mining", and you get the beginning of an article

Alexander receives patent for cobalt leaching
BY: MEGAN VAN WYNGAARDT 26th February 2018 Aim-listed Alexander Mining has received notification that its MetaLeach subsidiary has been granted an African Regional Intellectual Property Organisation (Aripo) patent in Zambia for a method for leaching cobalt from oxidised cobalt ores. The patent has a standard term of 20 years from the... →

Looks like Jan King's research came from picking up a magazine in an airport lounge.

Not necessarily a bad thing. Maybe he just got the sack, so he needed to start something new, and that's why AMMLeach is finally moving.

"Being who I am," !!!

Janice?

Hilarious.

"Vicious drop in sp this morning."

You mean Monday?

One lucky lottery winner picked up a million at 0.1149p, otherwise it's 0.12p so far.
MMs testing the market, no doubt.

Volume 15,617,093
More buys than sells today.

I was expecting no trade today, everybody should be out there, eating ice cream.

July Sales are here.

"If you sell it cheap enough, they will come." Kevin Costco. Hehehe.

AMMLeach is a GO will affect AXM share price a lot more than Multicom IPO offer price.
If they can produce Vanadium for $2 a pound instead of $3, say, Multicom share price might double, or triple, if you discount the extra profit over the coming years.

The same information means life and death to AXM.
If it's worth doing in one mine, then it's worth doing in a hundred mines.
If St. Elmo pays us £1million in royalty, that would suggest £100million potentially.
If one mine says no, why would another one bother to try again?

We are a named partner in a joint venture, so they have an obligation not to mess around with this.
If they choose not to go, then there should be a join (or simultaneous) RNS.
I think we all hope AMMLeach will work, including Multicom, because they know it costs less.

I assume heap leaching means they use porous lumps of the ore, which is more permeable than hard rock.
I further assume they need to optimise the size of the lumps. Smaller lumps, quicker extraction, but more effort in smashing.

It's plausible, but then con artists are plausible as well.
I think it's a 100:1 pay out, if it's not a con.

10p share price or nothing.
Who dares wins.

Something to ask Martin at the AGM:

Assuming the heap leaching method is economical to go ahead, how do we get our cut?
Is it a percentage of sale price, or a fixed amount per tonne?
The low cost, fixed price deal with StorEN means we could get really stiffed.

Is it an annual payment, quarterly, or only if we sue?

I would consider it dodgy, if they never thought about it.

There is no failure, just uneconomic to use a process.

You just need ores with the wrong kind of impurities, and need an extra process or two to separate them, to make it not worthwhile. And then the price of Vanadium shoots, up, and it's worth the bother again.

I expect AMMLeach works in laboratories, under known conditions.
If it doesn't, that would be fraud.

This really is like the tea clippers of old.

Is the ship going to turn up in Docklands, having braved all the savage brutal slings and arrows that pirates and Nature hurl at it.

Fame and fortune, or, sunk in the Indian Ocean without a trace.
Every wave, every RNS, live or die.

Dingley Place, near Moorfield Eye Hospital, a tea warehouse from those days, now a warehouse conversion block of flats, stand as a reminder of the those days.

1960s The Age of Aquarius
2020s The Age of Ammonia.

Nitrogen, we have so much of it, shame not to use it.

If your want low cost, it's cheaper upstairs in a pub.
You could get the room for free, if you order enough food and drinks.

https://www.druces.com/our-lawyers/

250 years 1767 ~ 2017.

An ancient order of laywyers.
Blood sucking since 1767.

That conference room won't be free.

"he Company's Annual General Meeting will be held at the offices of Druces LLP, Salisbury House, London Wall, London, EC2M 5PS at 10.30 a.m. on Thursday 28 June 2018." How big can the conference room be? Bring your own chair.

They are just faced with an indifferent world. This is not Body Shop, where the cutomer cares about testing our product on animals. Miners will gladly make them go extinct, if there's a buck in it. I look to shale as an example. Breakeven was $80, so when crude oil went over $100, shake made sense. After some refinement, breakeven is more like $50 now. If Vanadium and Cobalt shoot up, leaching tailings will happen without Martin calling anybody. The problem will be how to collect money from somebody leaching in the Congo. I picture a hillbilly with no teeth, selling cathodes like moonshine. I want to exit at 10p, and let Glencore deal with the hillbillies. Martin has £25million shares, which will be £2.5m at 10p. Ask him how much he wants to retire on.

Do they know who the shareholders are? HSBC Investdirect hasn't sent me anything. Not an electronic sausage. Any passing lunatic can pop in, double dip the celery, scoff the biscuits, and vote for a company expense trip to Sun City.

They just have to leave a down for maintenance page up. My guess is they forgot to pay the bill, to keep the domain address. Some interloper snapped it up, and is demanding $xx,xxx to sell it back to them.

"think of big number £100m then think by a factor of 10!¬!" Which is why we need to be taken over. A big boy with lawyers, accountants and IT infrastructure. Mines that don't pay up can be a headache. With options and warrants exercised, we will have around 2 billion shares in issue. One billion revenue would suggest a market capitalisation of £20billion, so a share price of £10. We will be lucky to get 10p a share before a take over. Martin will have ~25million shares, so £2.5million at 10p. Hopefully he will want more. I'll be happy with 10p, anything more is a bonus.

http://www.zda.org.zm/cost/en/Cost%20of%20Doing%20Business/Appendix1/Minning%20Licences%20Permits Licence Fee (ZMW) 2 Small Scale Mining Licence (ha) 10 years 400 ha(4km2) Renewal Yes, not later than 60 days max. 10 years per renewal All minerals except gemstones ZMW 2,700.00 ~= £205 (1 GBP =13.0567ZMW) Apply for a license for £205. My own tailing farm, in New Wyoming. Interesting concept. Instead of manure, it smells of ammonia. This is a curious activity: 3.0 ARTISANAL MINING IV