Member Info for Jeremiah99

Just under half the depth will be reverse circulation drilling to deal with the looser Kalahari sands before diamond drilling through the underlying harder bedrock.

Nice. Investigation of the high chargeability anomalies begins.

Sorry, their timeless wisdom and profound insight will have to remain a mystery to me, I've had Donkey and the Wailers on filter for about a year now and don't intend to change that any time soon.

Just to add -

Arcm Mcap - £26m

Anglo American Mcap - £28.55Bn

AA are almost 1100x bigger than us (for now)

Cool. Thanks SeisNav

Regarding their quest to concentrate on copper, do AA hold any other licenses or are they partnering with anyone else in Zambia/Africa for the metal? Just want to get a feel for how up in their list of Zambian/African priorities we may be.

Unexpected and irritating but bearable. It's a 2%-3% dilution at a price above where it was a few weeks ago, presumably when the deal was first discussed. So no big deal in my view...

It will be interesting to see how much orebody our area nr Khoemacau contains and whether MMG would want to make an offer for it. Even if it only represents 5%-10% of the total deposit in that area, it should still add nicely to our Mcap. But I don't know how much drilling we'd have to do to prove up a commercially viable level of ore or how long that may take?

Https://www.mining.com/web/western-miners-lag-as-oil-powers-enter-race-for-africas-critical-metals/

A several months old article but still relevant. Middle East and Chinese money going where western miners fear to tread...

"Risk aversion is likely to leave major Western miners lagging..."

It's a marathon, not a sprint. After 5 years investing here I'm not concerned with hourly microfluctuations in the s/p. It should all rebalance in the longer term as long as we find copper in commercial quantities. Criticising timing of RNSs is daytrader talk, IMO.

Https://www.google.com/amp/s/oilprice.com/Metals/Commodities/Worlds-Largest-Lithium-Reserve-Discovered-Beneath-Californias-Salton-Sea.amp.html

"The U.S. Department of Energy has made its second major lithium discovery this year, both of which promise to make the country self-sufficient in the critical battery metal for decades. The DoE has discovered a massive lithium deposit beneath California's Salton Sea, holding an estimated 18 million tons of lithium.

According to the DoE, with expected technology advances, the Salton Sea region's total resources could produce more than 3,400 kilotons of lithium, worth up to $540 billion and enough to support over 375 million batteries for electric vehicles (EV)-more than the total number of vehicles currently on U.S. roads. "

Enough, already...

I wouldn't call a 10% dilution on a £3m stock that has the potential to multibag 10-20 fold heading for oblivion. But if you want to sell, I'll happily have your shares as will George at Alba.

Yes they are like a swarm of wasps spoiling a lovely picnic

Shorters and derampers undermine vulnerable fledgling companies. Not only does it weaken and add to the demise of otherwise promising start ups, it costs the country in jobs and investment wealth. Who knows how many potential FTSE 100 companies were pushed over the cliff with the help of greedy self serving detractors before they even got the chance to grow and thrive?

Lol! I was only having a cursory skip through the channels before getting on with my work, honest! :-)

Oh sorry Divermike, I'm a little out of touch with Alba these days. I switched to Groc as I have more faith in the Greenland govt and other industry bodies wanting to help push graphite along asap rather than hinder progress. What did strike me about the QVC offerings were the high prices for pretty low quantities of 9ct gold in the jewellery (during the short time I was able to watch)

Starting right now. 22:00 on QVC. Sorry, I don't have time to watch it....

I dunno, I think it's more organised than the odd vengeful screwball obsessed with bad mouthing what they consider to be the blame for their monetary losses rather than their own poor investment decisions. The Russians and Chinese are well known to be active online in undermining western interests globally so there may be something in that. Otherwise, it's also a known fact that fewer than 1 in 20 minnow companies survive and thrive, so a strategy of shorting is more likely to pay off than going long. Of course there are the occasional multibaggers (hopefully Arcm included) that prove to be the painful fly in the ointment for the shorters.

It would have to be a very very attractive offer as within a couple of years we may find we are sitting on a couple of tier 1 assets (probably worth c. 20p each to the s/p) Having come this far in securing our license areas, beating off spurious legal claims and waiting out the reorganization of the Zambian mining ministry, I doubt the BoD would want to let us go cheaply. But then again I've seen promising assets being given away for a handful of beans on AIM.

Nothing wrong with the actual content of the investor call, the potential for huge share holder value addition is quite obvious. However, it is always tortuous listening to NvS umming and aahhing through a presentation and this time the audio quality was also poor, compounding the problem and giving the overall impression of amateurishness.