Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Just in case the LSE admin are in the pockets of foreign entities bent on supressing anything remotely politically sensitive being posted here, might there be another way to distribute posts that are likely to be deleted? Email or whatev? LSE seems to be a waste of time if they are mostly only going to allow frivolous banter and fairly incomprehensible legalese of the myriad court cases to be posted.
Hopefully Zambia will remain safe and mining friendly. I've heard it said that Africa is like a chess board, with safe, business friendly jurisdictions often adjacent to corrupt, hostile entities that are best avoided.
At $100/tonne in the ground undeveloped cu eq. sale value it ought to have gone for around $2bn+ IMO. Must be the DRC discount, our gold venture there went fairly cheap too.
eimaj616 - I think you're right, if so that's scary cheap for around 20m tonnes of cu eq resource. I guess not many want in on the DRC with warlords running around?
Wait a minute - "China Moly raised its stake in Tenke Fungurume to 80% in 2019."
So maybe the $550m was for the remaining 15% taking it to 95%? That would sound more reasonable...
"Kisanfu, which is around 33 kilometres (20.5 miles) southwest of Tenke Fungurume, holds an estimated 6.28 million tonnes of copper and 3.1 million tonnes of cobalt metal"
Looks like a lot of copper and cobalt for just $550m. I presume it's cheap because it's in the DRC?
Crazy? Up 8% and 4 posts on their BB...
I lost a packet on Angel Mining (ANGM) who were trying to extract gold at Nalunaq to fund the rehab of Black Angel zinc mine (Zinc grades of 40%) As I remember there were some good gold grades to be had but the logistics proved insurmountable for a company basically run by an accountant rather than a miner.
500 bpd? Notgonnahappen IMO ..... Not for long anyway.
Neither should that get deleted as hopefully freedom of speech is still alive and well in the free world whether one agrees with the sentiments or not.
I'd say it's obvious that they are completely relevant to Frontera's position and your own stance marks you out as having an agenda. If irrelevant why would anyone bother to delete them, no one gets RRs whimsical posts deleted? The fact they are being deleted means someone's cage is being rattled.
Or did I dream Looed's last post regarding the blocking of inward investment into Georgia? Perhaps higher powers are monitoring this BB? If so I hope the deletions are also somehow in the interests of shareholders and not just pandering to pro Russian/anti Western interests. Are posts regarding Brexit or the US or UK elections also deleted on these BBs as they are surely more controversial to the average LSE reader than events in Georgia?
My suspicious mentality is wondering if AA know the likely mineral rich zones but are purposely directing the drills to less optimum spots so they can later come out with a lowball offer? No, hush my mouth! ;-)
f29 - Google tells me solid rock is 2.5 tonnes/ cubic metre. At 0.5% Cu it would take 80 cu mtrs to contain 1 tonne of copper and 80m cu mtrs for something approaching a (1m tonne contained cu eq.) tier 1 deposit.
That's 1km x 1km x 80mtrs depth. That's less than my previous estimate as I guessed at 1 tonne of rock per cu mtr but still a lot more than we've found so far.
The first couple of promising results at Fwiji were not borne out by the further drills and Muswema looks even less exciting. At these thicknesses the mineralisation would have to extend over vast areas to add up to 1m+ tonnes of copper, were talking tens of sq kms, a huge task if tens of mtrs of overburden need shifting.
I'm a bit disappointed at the quantities found so far but am hopeful that AA's continued interest indicates that they expect things to get much better.
As mentioned, they have included the two better earlier hole results in this RNS, holes 1&2 at Fwiji. The latest hole results are pretty paltry so on the face of it look nothing like a tier 1 deposit (which would require contained cu eq of 1m tonnes+ or something like 0.5% copper eq. at thicknesses of 100mtrs over an area of 2 sq kms)
Perhaps the geology is hinting at the mother lode being somewhere in the vicinity but the bare numbers to date don't suggest anything remotely commercial so far at Fwiji or Muswema, hence the market reaction.
Hmmm, after months of faffing about the results still look a bit underwhelming to me. Yes a couple of high grade zones but not very thick. Nevertheless, they seem to think these can be extrapolated into evidence of possible tier 1 structures, so who am I to disagree?
Possibly, as with the rest of life in general - 'expect the unexpected' ;-)
https://www.lse.co.uk/rns/ALBA/limerick-update-8kk23zd6l7y9zn5.html
"Alba's joint venture partner from 2010 to 2014, Teck Ireland, undertook a microgravity study on the central part of the licence, and completed four diamond drillholes.
The four diamond drill holes (totalling 956.7 m) were drilled in 2012. The holes were drilled to test the stratigraphy of the licence and the mineral potential within Lower Carboniferous limestone close to younger mafic lavas and intrusions (as present at the Stonepark project 9 kilometres to the north). Drillhole TC-3841-3 intercepted 6 metres of semi-massive and disseminated pyrite between 508 and 514 metres within the target limestone. A 2 metre mineralised interval within the aforementioned interval contained 0.58% Zn, and trace amounts of lead (208 ppm). The presence of pyrite is encouraging since it often indicates the presence of base metal sulphides at other properties in the Limerick basin."
Other RNSs around 2016/7 mention historical extraction of copper and silver in the area as well as promising soil sampling results.
I'm not expecting much from Limerick though it's apparently adjacent to good quality deposits. I seem to remember some old exploratory drills threw up v low grades of zinc, nothing to write home about at all. Perhaps things may be different in other areas of their Limerick license?
Don't forget that we don't own 100% of the license areas and there will be well over 1bn shares when fully diluted, so 50p may translate into 30p or so...