Member Info for Jonah58

Junior. It seems many here are expecting a lot from this presentation. There will have to be an RNS prior to it if we are going to get the information you are hoping for. Does anyone have a handle on the life of mine at the current resource estimate?

4Ever, you eloquently summarise much of the unhappiness many of us LTHs are reluctant to face - perhaps because it highlights our gullibility and frank foolishness (though as the tedious pedant that I am, I suggest non-delivery of a failure equates to delivery of a success).

Now we have to decide if anything is different. If LC’s blandishments are any more credible, if the fundamentals are genuinely as portrayed. It is possible that some retail shareholders are not getting out more from FOMO than for rational reasons. Your points about LC’s salary are well made.

If you are not selling your shares I would like to hear your views (equally eloquently expressed) on the positive aspects of the company too.

That’s a bit unfair Gotreal. When we went into Sable we produced copper quite early, presumably from some material that was lying around. Cobalt followed soon after, from the same material I guess. The cobalt content of the ROM we are buying has not been disclosed as far as I know. When the price of cobalt nosedived and we stopped producing it we continued to produce copper so there may be some cobalt containing material stockpiled somewhere.

A brief clarification of the cobalt situation as a PS to the June presentation would be most welcome.

The maths seems ok to me. Capacity to produce 230 tpm. On going fines production 120 tpm leaving spare capacity to process historic stockpile.

Thanks JL. That answers my question.

NTG. I was under the impression that the capex for the Molefe concentrator(s) was coming from the sale of the SA business. Is this wrong?

You are right about the effects of climatic factors Kalan. I’ve posted this link before but make no apologies for posting again as it now shows the rainfall in the recent season was unprecedented: https://www.zambezira.org/hydrology/lake-levels

I agree it’s a big spread but someone has bought nigh on 2 million shares at around 0.9p. Presumably an off market deal, but it makes you think.

One of them was an uncrossing trade. Balancing the books at the closing auction.

Just a small point. Part of the deal, when we took over Sable, was that we continued to manufacture sulphuric acid there, presumably from sulphide ore. There has been no mention of this, but we must still retain that capacity. I think the ore was originally imported from DRC so that may be why production dried up.

A number of posters have pointed out that there is always a rainy season in Zambia so that is no excuse for poor performance against targets. But there is rain and rain. Take a look at the very informative graph at the bottom of this link: https://www.zambezira.org/hydrology/lake-levels

One picture tells the story. Let’s mend the bridges and get on with the plan. Once the upgrade modules are working transport will become more efficient as the grade of material transported will increase. Meanwhile it looks as though hydroelectric power will be more stable this year.

Yes, NTGU, I agree we need to see the mine plan, hopefully within 3 weeks. The important point is that we are not going to run out of ore any time soon so I trust this will give added impetus to the construction of the processor(s) to concentrate the huge and ever growing pile of low grade material.

These look to be excellent results. A couple of points which are not meant to be negative. 1. I wonder about the deeper sulphides mentioned previously. 2. The caveat at the pointing out that this is not a resource estimate since many of the assays were undertaken using one method onsite with other samples being sent off for independent verification. I wonder if Ed Slowey required this caveat and it took an extra day to sort it out.

Brilliant results though.

Where did that info come from SSS, are you invested with Slater? I’m not sure the investors in Slater Investments would appreciate their fund manager being classified as a trader. It’s not their modus operandi.

Sirboring. You make some good points and I always read your posts, but the maths is important even at our depressingly low production. Is it costs you £99 to make something and sell it for £100 you make a £1 profit. The selling price goes up1% to £101 and your profit doubles (or your loss halves). The maths does matter…a lot.

The glucagon story is certainly interesting from a clinical perspective. I suppose those posters lamenting the 6p placing as a giveaway should consider buying some for themselves at the same price.

No. It’s not Mufulira Turnpan. Check back through some of Seisnav’s posts. You will find geolocation data.

No Cardo. Kabwe is mainly zinc and lead. The large waste project is a huge dump of legacy mining waste further north.

Not true Harm. JMK has made a significant purchase on market not that long ago.

I don’t think anyone here anticipates Molefe being tier 1 Chat. Chances are vanishingly small. But we cannot exclude the possibility that the combination of Molefe Grovenor and other projects Leon is purportedly interested might amount to tier 1 when considered together, if not in scale and revenue, then at least in longevity and profitability. If we can achieve that, then the phrase ‘company making’ may well be appropriate.