1. Fwiji drilling started. 2 Scoping study. 3 Reconfirmation of Casa payment structure. 4 Sturec any further payments due. 5 Copper price climbing again.6 Cash balance. 7 Name of majors who have inquired since EA ended? 8 Company strategy regarding a asset sale / which licence /JV? These questions need some explanation of some kind due to the silence by the Bod. Next awaited Rns is long overdue, hope they answer all the above and the warm weather continues. ATB everyone.
FK79, it's about realising 'Value playing out'. Once those deep drills come in, everyone will know exactly how much /or not copper is there. From that point onwards, we'll know if the majors are offering serious money. If Fwiji hits sulphides? Do they turn to Muswema and Lumbeta? Or carry on following the Fwiji footprint. 18 holes 500m deep.
There's plenty of people with a few million shares in the stock, who prefer to keep a low profile. And there's some that like to share research on the stock. There are traders who like to get their buy in price by constantly talking about the sp. And there are those who are negative, who contributed nothing…but the fact that the company didn't meet the deadline /? Next are the aggressive deramper who is negative, until something positive happens, then change tact. Then there are those who bring doom and gloom, because they sold for a loss. Then persistently talk down the company. As a way of taking out their frustration for losing money. Then there's Dim Sum, who takes personal delight in hoping the company fails altogether,with his multiple id's. Who constantly bashes the stock, in order to fulfil his grief in losing money. The Silly Season continues, and some of us have taken a break. Fact. the communications from the Bod have been slow. So were due one/two in the next couple of weeks. ATB everyone.
In reference to drilling deeper? Most times you drill shallow holes first and up to 200m this way you conserve money, and find out how deep the initial mineralisation is? Then follow up with deeper drilling in the same holes to see how much more mineralisation there is. Cheyeza has been drilled over many holes at up to 200m,resulting in oxides been found @1% average grades. Obviously they are going deeper in Fwiji, looking for Sulphides this time.
Most interesting during the interview was the fact that Remy stated, 'Cheyeza is a 5-10m tonne rescource'. We haven't drilled it out properly, being the biggest of the targets. Just goes to show how much copper could be on the licenses. Also the fact that the entire DOME regions, is one massive copper region .FQM's Sentinel, Barrack's Lumwana and Arcm's licenses is the last undeveloped region.
There are major's in the Mining sector that do deals that they are comfortable with. Then there are MAJOR'S who do deals, and there's a clear difference with AAL and RIO. Sometimes in life you gotta put a bit more risk on the table, when doing a deal /investment. AAL do not fall into this category, and will probably be not buying the Zaco license if the drill campaign is successful! There is no way others will not be bidding. Well find out in due course. ATB everyone.
Evening FK79,hope you are well too. Definitely AA are not too clued up when doing deals. If Fwiji has a good campaign, then AA will be back with an improved offer. Doesn't necessarily mean that we accept the offer, after all we'll be able to talk to others? My own opinion is that AA aren't big enough to really buyout the licenses. They lack the 'CAJONES' that is needed to be a force in the Mining sector! I'm looking towards RIO and BHP to join forces, and buyout everything. Plus the Sentinel Mine ceases production in 2031,and without ore to process it becomes redundant. So I believe that it'll be bought out by the above, at a discount to the $2.1bn capex spent. Makes sense to me, they still got 250k tonnes of copper for 10 years =2.5 M tonnes and whatever they find on Arcm's licenses. That's how you do a deal, big money invested,big payback and long term shareholders value. If RIO /BHP are looking for a mining deal maker? I'm available. Expect the bigger majors to show their hand, when Fwiji assays come back. ATB everyone.
Hi everyone, just broke my sabbatical to comment on the days rns. I've stated previously that I didn't think AA had the stomach to do a deal within the time frame. More so, if Zaco was the intended asset sale, and it looks like it was, by the rearrangement of the licenses. What Nick wanted will not be known until a commercial transaction is completed? Next is drill results from Fwiji, clearly the bod should look at follow up drilling at Fwiji, if they hit good mineralisation. Muswema and Lumbeta can be put on the back burner, as Zaco is the asset that they are willing to sell for XYZ price. Scoping study is next on the agenda and the economics of a small plant at Cheyeza? AA must have too many bean counters, as clearly they lack the Cahones to listen to David Wood. Sentinel Mine has some missing copper, approx 25m tonnes according to David Wood? I couldn't see a deal before late September /October, and stand by that. By which time, we'll know more about Fwiji and those deep 500m holes that will have been drilled. Other majors will be able to negotiate, but still think if mineralisation is confirmed at Fwiji? Then AA will make the offer, Nick is asking for? A bidding war for Zaco is only likely if we get sulphides at depths and continuous over long intervals (150-250m). As for the traders who are unhappy with a no deal scenario? You need to massage your ego's! Apparently Nick gives a good back massage? He paralysis's his patients from the neck down!! ATB everyone who is a LTH.
Truth, serious question. What about the debt in Greenwhitestar? No mention of the debt /who pays it off? Or do LDG and Dbay still hold the debt or is it part of the deal with Culina?
Looks like someone still hasn't chilled out. It's a shame people decide to take their frustration out here. No one can make any one else buy/sell. Fact is you base your investment decision on research, and the fundamentals ? A lot of traders jumped in on the hope of a quick 3-400%. Now we have a lot of stale bulls, and a depressed AIM market and sp. You can't move the sp, but averaging down does help, if you got funds available? Some here have done exactly that, and have lots of patience. I'm going to take a sabbatical from the bb. Its just too much noise and bitterness from some people. Life is too short to bang heads with people who have agendas. Hope we get the deal we've all been waiting for, and GLA everyone apart from the deramper.
Definitely a 3/4 season of drilling. So much ground to cover, even with multiple rigs. Spaces of 100m apart drilling, then infill drilling of 50m apart.
When you compare Juniors, the most obvious thing is jurisdiction. The better like Canada /US/Australia the better. AIM is full of past /present Miners that fall into none of the above. So license area size and grades of mineralisation comes next. A decent midcap producing miner with 25k tonnes of copper per year, would command £250m mcap on AIM. Licence area 7km by 2kn strike length would cover 300k tonnes of copper. Life of mine =12 years, and possible more if adjacent areas are also drilled out? Our small scale plant at Cheyeza, which if came into production in the next 18 months time? Would probably produce 8-12 K tonnes of copper, depending on the metalurgicul work and other factors to consider. That's about $25-35m profit per year for us and our partner, without the need of much finance /offtake agreement for $10-12m approx. Obviously we'd like that to already have happened, but Kalaba plant was uneconomical due to prices of copper, etc etc. Just Cheyeza with 80km square of license area, would dwarf 2-3 AIM companies with the amount of copper its possibly got. Yet our mcap is £60m, that is the market not pricing any upside whatever. If we discussed Fwiji, and the possible grades if drilled out, we'd be here another week, talking about Fwiji. Cream always rises to the top, and we've got the best grades in Africa, bar Kamoa Kakula mine. If your a trader, then research isn't what you want to see. If your a investor, then good quality research is what you are looking for. And we've a few people here who have contributed a lot to the bb over the years. ATB everyone (apart from the deramper).
One thing mentioned here today, that may have been overlooked. The fact that last year, Remy said we've had numerous visits by interested parties. They refused to do a deal that didn't bring significant shareholder value. Could have easily done a crap deal to look good on their CV's. But no, and even now in discussions with AAL, they refused their initial offer. They want a good deal for shareholders, and they both hold a bit of skin as well.
Peggy your research is non existence, your deramping is obvious. You don't contribute much, actually nothing. And yet you stated last year, 'if the sp hits 5p I'll sell'. So why are you still holding?
There's people here who have millions of shares in Arcm. There looking for a return on their investment, and this share could be transformational for many. Even with the sp drifting, they're still holding for a commercial transaction of some kind. No one can tell anyone else wether to buy/sell? Traders will try to disrupt the bb, to get a lower price, happens everywhere. Investors will put forward info on why they are invested. You have to decide whether you want to trade/invest. But delays will always happen on shares as nothing goes smoothly. If you listen to other people, like Peggy? Then there is a saying 'Do as I say, not as I do'. Politicians are famous for lecturing to the public, while doing the opposite. As was recently revealed with Matt Han****. You make your own decisions based on what information is available. If everyone listened to Peggy, then you'd have sold your shares, while he is still holding. Advice is a good thing, but too much advice isn't. The Silly Season continues, and more bitter people will be here trying to twist the knife in the coming weeks. I don't see AAL listening to Peggy, or anyone else who posts, including myself. AAL will minimum want Fwiji, how / is pure speculation on here. If you're not sure what to do, hold /buy/sell? Just ask Peggy, because I don't have a Scrooby doo.
You seem really angry? Chill out. No one in their right mind would have got a deal done in 6 months. Due Diligence and small boxes to check and tick off. 13 targets over 500km squared is a lot of land to cover legal work on. FFS, some people will never be happy, buy a euromillions ticket for Friday. I give up with some on here. Time for sleep. France miss the next penalty, Mbappe.?
I've never sold a share in Arcm in over a year. You trade it, that's your business. Peggy said last year, and I quote 'if the sp hits 5p,I'll sell' jam tomorrow, etc etc. Every year the same broken promises, etc etc. If you don't like the fact that lots of research has been posted, then why not sell and find another share. After all you've bought into JAN, and it looks like it will be a profitable producer very soon, maybe by the end of the year? But you don't need to start to question the deal the bod are working on. It'll take as long as it has to, they are not buying a house. Jeez, some people are never happy.
So sorry for the traders who want a sub 4p entry prior to a deal. Expect more of the same even after July 7th. JAN rns this morning, ' trial mining commences' yet down on the day. Why? Because of the lack of liquidity in the AIM market. Yes, the sp has been drifting, but so has the whole market. After all the good research forwarded here over the last year, people bottling over the psychology of the market. If you think a deal of some sort isn't going to happen, then sell up and invest elsewhere. If you think the opposite, then Chill out and await the inevitable. Advice to Peggy, after saying' you'll sell if the sp hits 5p'+.Then at 7-8p you must have been in paradise and sold? Guess not? If anyone gives bad advice, it's you.
If its 'Jam tomorrow' then why are you holding 2m shares Peggy? Reason /Because? Oh please put me out of my misery and give me the reason why, I'm practically begging to know the logic behind your holding?
Definite driver shortage, due to Rishi giving foreign drivers furlough money last year. Now asking for the money to be repaid, but after taking £50k from the Gov! They worked thru agencies for a year, now being asked to pay back furlough money, many just went back home. Earned £40k and received £50k =£90k in 15 months, why would you want to stay and pay £10k per year. Go back to Poland /Romania /etc etc and build a house /two. That plus IR35 ending, forcing drivers to work PAYE/UMBRELLA. Everyone is struggling for drivers including Logistics People, now wages are £14 - 22 p/h depending on how desperate the agencies are for the drivers. Some clueless people here, oh well back to waiting for my trailer. Ps Morrisons is now their main contract, as Tesco's is all but lost. Maybe PepsiCo can fill the void? Win a contract/ lose a contract that's the haulage industry.