Member Info for Jeremiah99

Shorting can kill a company that has no choice but to raise funds at lower and lower prices to survive, finally falling into the grubby hands of the death spiral lenders.

http://www.infomine.com/investment/metal-prices/copper/all/ Looks like the higher prices were after 2009, when it reached $4.50. I have heard talk of it hitting $5/lb in a year or two on the back of EV demand but that was before Trump's trade wars effects started to kick in. Is that chart an ascending wedge formation which hopefully it may break out to the upside? I'm not a TA expert.

Copper was at $3/lb in Nov 2009 when the deal was done, a little higher than it is now. It had briefly dipped to below $1.50c earlier that year following the 2008 financial crash. Looks like $100/tonne as the selling rate for in the ground copper is not so unusual. Anyway it's not the price so much as the quantity we finally manage to prove up that will be important.

The CEOs will first have to settle their differences caused by the spat over the BB drilling issue. I suggest SS and Vonk strip down to their shreddies and hurl buckets of (water/oil based) mud at each other until exhausted, followed by slippery hugs to make up! :-) (I wouldn't want to watch though!)

What they gonna do for 5 months now? Pity we can't lay them all off and rehire them next March and save some cash. :-p

Angs has already lost half their first producer advantage due to SCC delays. Hopefully Vonk will steam in and make the most of the next 12 months and not faff about too much.

Well the Mcap must now be around equal to cash in hand plus the value of the Jorc, so the only way should be up from here, IMO.

It's a pity all the talk is of selling our Circum shares as soon as George gets them into his sweaty little mits as he has painted us into a corner. A quick fix will please the traders no doubt but this is why the patient grow rich, they are willing (or able) to wait for the 10 bag.

Man, I wish I would have bought more Arcm (Ortac) last year instead of piling in to Gwmo. They spent 4 months on a single drill only to abandon it short of TD due to hard rock. The s/p has plummeted there. We're going through marble at the moment with little bother, albeit at shallower depths.

Plane just took off to do the geophys survey of the 1000km sq license areas. NvS is a fast mover!

We have been well and truly shafted by both CEOs over the last 7 years. The only reason a few Kabwe crumbs were left over was to ensure AB a salary for another year or two while we swirl around the pan.

Not forgetting - 'GLA serious investors and thanks to the FRR team out on the chat boards doing the dirty work for us fending off shorters and derampers'

The interviewer himself wasn't very smooth and even I felt ill at ease watching him, so I expect Zaza felt even more uncomfortable since English isn't his first language. The format of the previous interview seemed to suit him better.

The big clue to a ballpark valuation of FRR's resources is the $1bn increase in revenue comment. If revenue is expected to be into the $bns then, with low costs and a super major partner, we should attract a high p/e and the Mcap will be in the 10s of $bns. I won't jinx it by mentioning any s/p forecasts. ;-)

The number 6 springs to mind, but I can't remember if they get 6%, £6 or $6 per barrel.

We're 6 months in and have yet to complete even one ST drill out of the probable several dozen it would take to produce a JORC. Should we find decent ST copper zones but try to go it alone thereafter, at current rate of progress I have circa 2037 pencilled in for final ST JORC completion! I hope the EV revolution hasn't come and gone by then. :-p

Let's find some copper first!

Rofert, the reasons why you pop up occasionally over several years to post here are debatable, but there's no denying you have been pretty much right all along. I wish I had sold several years ago and never looked back. Do you think there is any residual hope left for shareholders to get any value at all from this debacle?

They must be fairly confident something worthwhile is down there to hire an ex-Barrick guy. Two heads should be better than one. I hope he knows a bit about hard rock drilling as well. ;-)

Ah yes, you got me on the 65% share point - I mustn't ramp! Still, plenty more drilling to come so let's see what we end up with.