Member Info for Jeremiah99

deletion of mildly critical posts going on, is it a website glitch or are we living in 1960s East Germany?

To repost my earlier musings -
AGM - I expect George will look as corpulent and rotund as ever, with that usual twinkle in his eye. The company, on the other hand, is on the bones of its @rse. I wonder who ate all the pies?

If Bozza's true to form, he'll sucker in noob investors to fund exploration, find a $bn copper mine, dilute to develop it but use crucial cash to buy a decrepit cocoa plantation in Ecuador instead leaving us short so we have to give 90% of it away for a plate of beans - all the while raking in a useful salary and telling us how clever he has been.

So Bozza's dragging us off to Chile for the next leg of the wild goose chase? I can't be @rsed following it to be honest...

Perhaps the driller had a close look at the cores from drills 6 and 7 before signing on the dotted line? ;-)

CB, you know NvS has been turning down derisory offers for our gold assets. One would guess that the gap between their true value and the offers received so far would likely be well into the $ms. We have therefore just underpinned our drill programme for months ahead at a fraction of the cost to shareholders that having to part with our gold assets at knock down prices would have meant.

We're only paying half our share of the drilling costs in shares, the other half will be in cash.

10,000 mtrs must be enough for dozens of drills. Should keep us going for months without having to give an arm and a leg away to a major to fund them, and discourages any low ball offers. All for not very much dilution. Good news, IMO.

I'll be happy if they find one tenth as much copper at West Lunga as there is at Kamoa/Kakula - they appear to have c. 40m tonnes of copper, albeit only in the indicated/inferred category.

"Historically the African copperbelt ores have been more accessible and higher grade than ores from other locations. In 1932 copper percentages in Zambian ore reserves were 3.44% (Roan Antelope), 4.3% (Rhokana) and 4.14% (Mufulira, Chambishi and Baluba). This compares to 1.41% on average for copper ore reserves in the United States at that time. Additional advantages are that the mines mostly contain sulphide ores, which are comparatively easy to concentrate and smelt, and that labor costs are low.[13] As of 2010 the African copperbelt provided about 25% of the world's copper and about 80% of its cobalt. It also has major zinc and lead deposits."

It seems that nowadays majors are happy with 0.5% if the ore is there in great quantity, but wouldn't a throwback to the 4%+ grades of old be awesome? :-)

I hope this scenario proves correct - The 500m shares is Hope's second best option now because he failed to grab the best asset which is now ripe for a buyout or whatever, also he thinks he may go on to lose the fiduciary case next year (he knows there will be damning evidence out there) so he needs backup funding (via a boosted value of those shares post buyout) to cover possible damages of up to $56m.

S/p in 3 months obviously depends on the grades found and whether they've managed to sell any non core assets. It could be anywhere from 3p (if further C. East results fizzle out and disappoint as Kalaba did, with nothing much found at Kamoa in early drilling) to 30p (further C. East results are consistently better than what we've seen so far, or perhaps initial findings at Kamoa are v. good) Basically we won't know until we get there, IMO.

Not another case? I give up, the only winners out of all this will be the lawyers...

I do hope they find a continuation of the belt that Kamoa is on because I believe the grade at Kamoa mine is 6% copper. :-)

Awww, is it back to stale crumpets again then?

Nice - I'm gonna spend, spend, spend! Starting with ignoring the reduced bin in Waitrose and only buying stuff off the top shelf! Nirvana! :-)

"No hoper"? How very dare you!

I think 8p is only possible on outstanding drill results better than we've had so far - something like 50-60 mtrs of 1%+ copper in each of two separate drill locations, suggesting nice grades at good depth and width .

Or the judge will be on vacation?

...99% down from previous highs. There's no coming back from that - we've been had. :-(

https://www.lse.co.uk/ShareChart.asp?sharechart=PREM&share=Premier-African-Minerals

Says all there is to say really...