Member Info for ipitythefool

Given the names involved, I'd say very old. Maybe 10yrs

Surely, Emery cannot be in the same conversation as Amorim and this chap?! He's massively overachieved at Villa Park imho. PS - not a Villain/sorry for digression

Fantastic news. I don't think the market has figured out what this means yet! Read the words carefully.

"2,712 m" - Hole1 and prev record depth was 2,711m- was drilling through a fold and never reached target ole shale. If they sent this post at 2758m, for example, one could intuit that they've finished drilling and reached this new record depth. The fact that they're reporting it 1m over the previous record tells me they continue to drill deeper and the only reason Kobold would spend more doing this is because there is value in doing so! Also it shows that the hole progressed at an exceptional rate with none of the issues from Hole1. At June 19th they'd progressed at rate of 15.8 metres per day so they've accelerated to 25.3mpd since.

"new insights into great mineral systems" first part of this tells us that the mineral system we were targetting has been intersected which is great news! the second part is the pluralisation of mineral system - I am not sure how to interpret this, but it can only be positive! These are record depths after all.

I think Tertiary have stated previously that we'll get one update at the end of drilling rather than multiple throughout as that's the way Kobold like to work and release news to their investors.

Someone casually picking up 30m shares today. Nothing to see here.

As of 19 June 2025, drill hole KWDD002 at Tertiary Minerals' Konkola West project had reached a depth of 1,343.7 metres.

Drilling started on 26 March 2025. By 19 June, 85 dayshad elapsed. thats 15.8 metres per day. At that rate, without encountering issues, you're looking at

1565m. Target depth 2000m, so you're looking at late July 2025 for target depth. thing is we got prelims on drill 1 in - from memory - upper roan, which is where we had reached in the last update.

And, let's all remember the following key pieces of information. This is not a blind drill. We KNOW there is a commercial deposit in the neighbouring area. We KNOW the geology extends (and dips) into our area. In Drill 1 we drilled through all the expected strat groups, but due to fold and depth couldn't reach ore shale where we/Kobold's AI expects to find the same copper-bearing rock. We are now drilling at a point closer to the neighbouring area. We have once again gone through all the expected strat groups and reached the upper roan. 100m of Kitwe, 100m of Mindola clastics and we are into the Ore Shale. Without knowing any results or having any insider information, the Directors have just bought in knowing all the above. I think they've timed it perfectly. Kobold are in touch with TYM Board periodically and board/Kobold are bound to release market-moving news immediately we're about to see the cards laid out on the table. SEISNAV, correct me if I'm wrong on any of the above please. thanks.

Not really. Update overdue and welcome.

Looking at the bright side of this rather unsavoury swipe at SH value, the resulting Shareholding position based on warrants and subscriptions (if converted/realised) will be as follows: Patrick Cheat 'em > up from 0.44% to 1.29%, Belcher > up from 0% to 0.86%. So, Directors now have some skin in the game, albeit some of that skin has been clawed off of existing SHs. Need Kobold to get a move on. Must be close to target depth now.

What is the justification for a 25% discount to market value when already so low? I'm astonished that he has done this/can get away with it. Seems like straight forward case of theft. Lots of significant current holders would've been happy to take part in a placing at market value. I'll see what recourse there is if any via company and regulator. I'm guessing they wouldn't be stupid enough to do anything outside of regs.

Kobold not likely to get Drill 2 wrong as well after data from Drill 1. March 26th drilling started targeting 2000m. They are 2 months in. Spidey senses are tingling.

Flurry of buys for no good reason. Always interesting.

I think global trade war is likely to increase likelihood of EU-Swedish Government greenlighting the mining permit for Kyrkberget (Storoman). It's common sense to all but the woman running the Bergstaten, who has a much narrower field of vision dominated by fluffy reindeer. Maybe she's trying to stay on Santa's 'Nice List' (as well as Xi's)? Bizarre that her whim can block the Swedish government from having the mine developed (Gov rejected her original 'No' decision and asked her to review, then she rejects it again on slightly different/thin grounds! lol) and the EU's strategy on critical minerals.

Also, 2nd Kobold drill (paid for by them in full) is underway, which has been positioned based on data from the first, so you'd anticipate a lot of learning / increased optimism going into that 2nd drill.

FQM's 2nd drill worth $1m (paid for by them in full) is guaranteed in y2 - not sure when y2 starts though.

There has also been speculation about a new imminent JV .

SeisNav - you usually reply quite quickly - have you sold or do you just have a life and so slow to respond :) ?

Looking at the prices maybe a quick sell-buy bed & ISA type trade

What do people make of the large sells today? Imagine they would've taken a while to process.

No knowledge of SRES, but I think PC is capable of landing this after years in the wilderness. He's been out to Zambia several times and has established face to face relationships with the key players involved. He's got the locations and the JVs, so has earned some credit with me. Let's give the guy a chance to land this thing and benefit from it too with his recent retrospective share bonus.

TYM, a minnow, got these amazing locations next to established mines. How? Why? Delay aside, mining data has only improved since last summer yet sp drops to 0.04. Odd. Chairman get some exposure without dipping into his pocket (a buy signal). Odd. No real change to day to day management requirements but they hire an MD. Odd. The leap in sp will be all the more impressive when it comes. Something big is coming and some people are going to make a lot of cash out if this. Still in.

We already have Natura 2000 permit. An area runs adjacent to Storuman as I recall.

Ours isn't underground which has to be a big consideration. CABs are locally elected and could have different perspectives. Is this one in Vasterbotten? Positive though!

Hi SeisNav, what does this mean for Tertiary, if say a discovery was made in the area relinquished by us and both ght by kobold? If I've understood correctly it seems very beneficial to us and Kobold didn't need to do it

Some news must be V close on Kobold drill now. Flurry of big buys this morning. I wonder if there is a leak. This is essentially in the same, if not better, position as the summer, but at half the share price. Big partnerships with big players invested in proven areas, awaiting results. Tym to reveal the cards.

The weather in Chilalabombwe has been largely dry and sunny and that's set to continue until the 19th Dec when blanket rain sets in for a couple of weeks.