Member Info for Jeremiah99

that the existence of the company may ultimately have been sealed by the failure of just one drill attempt into ST. "For want of a nail the shoe was lost" etc etc.

Do a Chinese JV then, I don't think the govt will want to annoy them. ;-)

... and if that partner turns out to be Dattels who ends up with the lion's share at bargain basement prices, you can guess that was probably the plan all along. :-(

In our current precarious financial position and with no firm Jorc, a JV partner for Zulu would likely demand an arm and a leg before injecting any funds. We would probably be left with just 10% to 20% of the asset, IMO.

Of course they could possibly hit the mother lode over the next few weeks (assuming they are currently drilling ST) Then it will be party time. :-)

going on here despite the bigger trades being sales this morning. We all know the potential of Prem but we have the headwind of the roach and the crocodile to contend with (this post may be deleted if the past is any guide)

It's been a great share for traders though, I wish I had the nerve..

What happens after we get the EPO though? Even assuming there is lithium there, where do we get the funds to drill it, other than having to give a huge share away to a partner?

No heavy or steady selling this last few days so it's probably just an impatient few (maybe buying Prem instead so some profits may return here?)

Nobody is buying dreams any more, they want to see cold, hard cash coming in useful quantities. There are many AIM companies that have gone down the pan despite having assets with great potential. HH production may multiply, Clogau may yield great gold grades, Thule may attract a JV partner or sale - but we're not there yet. Any one of those assets is potentially company making but quite rightly investors are prudently sitting on their hands until some firm positive news lands.

I did think David Fraser looked trustworthy in the video last year so I put the lack of progress since then down to amateurishness. Now I am beginning to err on the side that they may be in it just for an easy undemanding salary.
This is a chicken scratching exploration company but the chicken looks like dying of starvation if it doesn't find food very soon...

*think

Placing for £250k raise at 0.2p. 11 billion shares now in issue. I this we all know how this is going to end. :-(
I wonder what the fanboys have to say?

Wasn't that from just after the delisting 9 months ago, and he has lately said he knows nothing more than we do?

Does anyone have an idea on how much per barrel the recoverable reserves may be valued at once a CPR is issued? I had thought something like $5-$6 but vaguely remember SS mentioning a figure of $17. Perhaps with it being onshore and high quality oil, it would command such a price?

“When the facts change, I change my mind. What do you do, sir?” J.M. Keynes...

Whether the lithium market remains buoyant or not is irrelevant as long as Zim teeters on the edge of being a failed state. Corrupt and brutal, probably kleptocratic regime, little food and electricity in the country. It may be years before things improve and there may be more pain and upheaval in store for citizens before they do. No wonder George has begun to focus on projects outside the country. He may not be a great CEO but even the best would struggle in Zim.

Any mention of cobalt in the CC? I did email, asking the company to discuss it.

No you can't simply equate the Mcap to the final sale value of the copper. $100-200/tonne would be nearer the mark,
so $3m-$6m is the current in the ground value of copper found so far at Cheyeza.

I won't be participating in the CC (too shy and retiring like CB!)
Would someone be kind enough to ask about how much cobalt has been found in the samples so far as nothing at all has been mentioned about it since Kalaba?