focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Nope no sign of withdrawals from JVs as far as I can find.
Although interesting that they have raised about $400m over three funding rounds (Mar 2019~20m, Feb 2022 ~190m and June 2023 ~195m).
They spend >$60 million annually across 60+ projects (assume from mid 2022) and committed to investing $150m Mingomba (announced Dec 2022).
Back of a cigarette pack calcs would tell me they have the cash on hand to fund their JV commitments for Disko but given how long it's taken to get an announcement, I think they will stick to contractual commitments this time (fingers crossed).
It's a good RNS, now steady as she goes to Q4.
Now they have certainty on the 65m Cap spend, am willing to bet they crack on with gold drilling at Niele and/or Fatou.
Not sure about AA but could be Amaroq...
Nanoq Exploration: Amaroq is now designing a 5,000m-10,00m diamond core drilling programme to delineate this significant gold target in 2024
@Ashton, Finland isn't a cheap country the USD 480 is interesting too. Either way, whichever number is right it's either a large drill program (based on 850+) or a super large drill program (USD 480). This is where a JV revision could come into play based on size / timing of all the drilling.
Will be watching BLLYF ticker for any indicators of a leaky ship as the yanks will hear it before us.
@Ashton, FYI Alaska Energy Metals Corp raised USD 4m for their Eureka nickel project, 12 holes for a total depth of 4,800 metres (average of 400m per hole or USD ~850 per metre) - I think this gives us a decent indication of potential costs given similar geographies etc.
Rough extrapolation based on USD 11.6m committed expenditure minus management fee USD 1.6m, leaves USD 10m for drilling... let's say 8,000 to 9,000m of drilling (large campaign) that would put the average cost per metre at ~1,100 to ~1,250 and allow for a decent mix of deep and shallow drill holes (i.e. 10 x 700 and 5 x 400).
These are rough figures and definitely come with a health warning but I think we are in for a big campaign. Question is whether the JV amended and drilling split over 2 years for a larger financial investment from Kobold...
I think this is very positive that RMc said they are looking at drilling options at the moment -> this is the cat out of the bag moment for me - near certainty that we are drilling Disko this year now.
Irrespective of RMcs comments wasn't Peter Lightfoot part of that campaign? Unless, I am mistaken, I think he was and would have probably seen that footage already...
Fingers crossed that we get some news this month.
Re: RE - not a fan of his by any stretch but was it really his f-up re additional licenses. Afterall some of the chats on here have gone to great lengths to stress Kobolds 51% stake in the JC - hence they control.
Beyond the RNS from last year... "https://www.londonstockexchange.com/news-article/JAY/results-of-2022-field-programme-at-disko-nuussuaq/16133451"
Much like yourself, waiting to hear if Kobold are drilling this year... Shouldn't be long now, probably end of this month, early April latest to find out.
Don't disagree with anything you said Ralladw2 on direct Kod risks related to getting it over the line and into production.
However, an additional factor to consider is Political Risk which also plays a part. Got the below from a website.
"Sahel: Navigating a political and security minefield
Political instability and insecurity will continue to cast a cloud on over mining investment in Mali and Burkina Faso, two of Africa’s largest gold producers. The two countries will remain under military-led transitional administrations, with Burkina Faso showing signs of following Mali in its controversial rapprochement with Russia, at the expense of traditional Western partners. While both governments continue to support the mining industry as a key source of revenue, neither are likely to provide an effective security response to Islamist militants. Even if these groups do not significantly expand to further areas in 2023, their growing interest in targeting mining operations will continue to put pressure on logistics and security costs, and deter exploration in new areas. Understanding the geography of militant areas of influence will be more critical than ever to maintain and develop safe operations in the region."
Sorry I mean Eric Sondergard... Over 2 months now since his appointment as CEO and we haven't even heard from him re: Strategy / even a basic update. Hopefully we hear something from him soon followed by a Disko RNS
You do realise that by taking action against individuals both past and present -> you are by default taking action against the company as they were representatives of the company at the time.
I have read most of your messages on here and quite frankly, I can't really make any sense of it. You are super light on facts / answers to questions.