Member Info for Jeremiah99

Nutech or whoever is right and there are 11bn barrels of oil under HH, so Ukog's share is 5bn, and say 40% of that lies in the upper zones and doesn't need fracking, and if, of that 2bn barrels, say 20% is recoverable with the latest technology, and those 400m barrels could attract perhaps an OIP value of £5 each with them being onshore and full of light sweet crude - where might our Mcap be in such a scenario, and with the market knowing we have 15x more acreage to go at elsewhere? Simplistic maybe, but is it totally pie in the sky?

Just as well it's only a demo plant as, at 10kts/month we probably already have enough feed for 400+ years (and rising) :-)

I did read that Georgia's constitution is set to change and that the role of president will be largely ceremonial thereafter. There will be another general election in 2020.

https://www.google.co.in/amp/s/www.bbc.com/news/amp/world-europe-46376344

Neary a year and no sign off. Sends all the wrong signals to global companies looking to inwardly invest into Zimbabwe.

Yes I expect Prem will be potless right now, as usual. If it's their selling dropping the s/p then I'd take it as a one off fire sale event creating a last buying opportunity here before the plant kicks into action.

So Prem haven't been selling Arcm shares, they still own 6.1m.

*Assuming we get the govt sign off and the KME merger goes ahead, that is.

As I understand it the El Nino only affects countries on the Pacific rim, not the African continent, nevertheless the rainy season is a regular occurence in Zimbabwe between November and March. Hopefully they will construct hard access roads to the drill sites as soon as funds become available. This is stipulated as being one of the milestones to trigger a deferred bonus payment to KME. With this financial inducement, one would hope that, depending on how many miles of track need upgrading, these will be completed within weeks rather than months.

I did wonder why GR chose to raise £1m to be earmarked for Zulu drilling at this time last year, just as the weather was due to put a stop to drill rig movements. Still, I'm sure those funds are safely tucked away ready to be utilised for their originally intended purpose. ;-)

Yes but the rains will be kicking in round about now which will bog things down for a few months.

...and Brent crude under $60.

...sorry, I see a complimentary lunch is provided. That will save us a few squids!

Monday 26th Nov, starting 8:45am at 5 Star Le Meridien Piccadilly Hotel, London. Tickets £600. Of course, since we are short of a few bob I'm sure George will be staying at a Holiday Inn and catching a bus to the venue then grabbing a Wetherspoon's lunch afterwards...

Shame the pay zone thicknesses are only in cms not metres!

Price of oil may drift even further but that will likely only result in an Opec decision to cut iutput at their next meeting in December, according to one oil analyst on tv.

I suspect the value of the copper we've found so far already easily exceeds our current Mcap, and we're far from done exploring at Kalaba, let alone the other 8 target zones. Then there's the value addition to be had once production starts - AIM loves revenue generation. Finally, add in a Casa or Sturec divestment and we may have the funding to prove up all copper/cobalt targets in double quick time on our own without the need of a JV partner, or perhaps twist the owners arm and buy out the rest of Zamsort?

It seems to have copied two links there for some reason. The first one seems to work.

This should be it.

https://www.google.co.in/url?sa=t&source=web&rct=j&url=http://arcminerals.com/ul/5b046037c30a4_NEW180510_ARC_Presentation_MAY18FINAL.pdf&ved=2ahUKEwjjuum8yODeAhWLO48KHZEmBOoQFjAAegQIAxAB&usg=AOvVaw1Ct8-Vpj3c8ULhtCVfWwvx&cshid=1542634458994

Page 11 for the trenching results.

fulmar29. As I explained, though I have since come to realise that a bigger resource at lower grades is sufficient to interest a major, expectations had already been heightened by ARCM publishing trenching results at grades 6 or 7 fold richer. Obviously it was a big let down for many that those initial trenching results were far from replicated. I suppose it was too much to hope we'd be sitting on grades like those on the cusp of the current EV revolution but if 5 majors are still in the picture, we must have something that's still well worth pursuing.

I did the calc again and it came out at .65%. Still over the 0.5% often targeted by copper miners.