Member Info for Jeremiah99

Perhaps he has noble intentions of ensuring the Zambian citizens get a share of profits by way of distribution into social improvements, but I think we all know that money doesn't tend to trickle down to the needy and just ends up in the pockets of those at the top. A more direct way of ensuring food on the table is to push ahead with mining projects and beneficiation to create thousands of jobs, IMO.

Wake me up at 25p...... ;-)

Of course it's being fast tracked. Greenland govt speeded up the bureaucratic processes so that applications can be submitted in tandem rather than in sequence potentially saving many months of waiting. Groc has just been included on the EU strategic projects list and they're probably discussing various funding options right now. I would imagine there are many options so it's better to take a little longer and arrive at the best one(s) which will prove a long term win win for all the parties involved.

On a more positive note, that was a chunky £24k buy yesterday. Hopefully we are coming out of this vexatious-litigiously induced stagnation and can now start to move forward again.

I couldn't find much on the expected Salron annual graphite output which has attracted the request for €198m, but there was this in a 4 month old Linkedin post -

"The European Commission will inject €615 million into three critical mineral projects in Romania, targeting graphite in Gorj, magnesium in Bihor, and copper (plus gold) in Hunedoara, announced PM Marcel Ciolacu.

The largest, a €300m copper extraction project, could lift EU production by 2.3%. SALROM’s graphite plan alone, fully Romanian-owned, will supply 15,000 tonnes/year for energy, defense, and automotive use"

Compare that with our expected graphite output as mentioned in the Greenrock 7/5/2024 RNS -

"Average annual processing of 80,000t of graphite concentrate at 95% graphitic carbon (C(g)) with production of 39,700t of active anode material in the form of coated spherical purified graphite (CSPG)"

So it appears we're aiming at more than twice Salrom's processed graphite output. Of course we may be comparing apples with pears here as extraction costs will no doubt differ greatly between the projects. I'd imagine mining in Greenland and processing in Norway will be much costlier. Maybe we should bung in a request for €500m? :-)

I do think timelines have slipped a bit over the years. I seem to remember it mentioned a few years ago that the mine was to be in operation in 2027. More important though is the funding package. I'm hoping the longer it's taking, the bigger the numbers involved! :-)

"without revealing any details, I can say that there is definitely interest and support now from several public and private levels in Greenland, Denmark, Norway and the EU"

Surprised not to see any mention of ongoing US interest given Trump's recent craving for Greenland assets, together with the earlier letter of interest regarding funding from US Exim Bank.

"Arc Minerals (LSE:ARCM), an exploration company focused on developing Tier 1 copper deposits, is pleased to announce the approval of licence renewals for Zaco Investments Limited (Large Scale Exploration Licence 23005-HQ-LEL) and Afrimin Resources Limited (Large Scale Exploration Licence 28700-HQ-LEL). Zaco Investments Limited and Afrimin Resources Limited are subsdiaries of Handa Resources Limited, the joint venture company with a subsidiary of Anglo American.

The renewals are subject to payment of statutory area charges, which is currently in progress."

I'm surprised he has the time to answer all those emails, he must be very very busy.

Https://www.mmmd.gov.zm/?p=5497

These at #210 and #229 on the list I presume?

The upshot of all this will probably be another drilling season wasted. I wonder how that may affect the original terms of the JV, i.e. the necessity to spend X amount per each drilling phase?

They would have been better to retain their 50% Groc stake and just wait it out until that gets funding, rather than faff around leading us up the garden path with hints of 3-4 ozs/tonne of super high margin Welsh gold, then when that didn't materialise, spaffing what little money we had in the coffers on far flung ventures in Oz, Africa and Sweden, and now Greenland. I'm sorry to say but at best George looks to be totally incompetent at running this company, and at worst an unscrupulous self serving con man.

Must be due to Trump's 50% copper import tariffs boosting the copper price by c. 15%

More likely those lawyers charged to do the legal DD for AA prior to the JV will be under scrutiny in the event that clear title to the license areas was not properly established.

I always thought they would have gone flat out to discover as much copper as possible ASAP while at the same time as divesting the non core assets in order to attract a higher takeover bid. I guess I'm no Duncan Wanblad tho...

Not much gold jewellery is 24ct as gold is quite a soft metal and wears away over time. 22ct is 91.67% gold, 18ct is 75% gold.

If the government monitored the behaviour of company directors properly and imposed penalties or salary cuts (or implement a faster way for unhappy shareholders to vote out underperformers) for obvious transgressions then perhaps people would be more inclined to save in UK shares ISAs as they are trying to encourage.

What on earth can management do if AA choose to drag their heels for whatever reason? By my calculations AA are 1483x times bigger than Arcm so I don't envisage NvS having a hissy fit, hammering the table and demanding more action and results from Duncan Wanblad, do you?

It was a sell...

That's more like it....