Member Info for Kullybahia

The only thing I can't understand about AAL, is that they previously owned the licenses. So why would they not buyout and develop themselves? Such a large blue chip mining company, yet hesitate to truly become bigger than RIO or BHP? With copper at the forefront of the Green revolution, its a no brainer for me…

Copper moved to highs in February. Then consolidation for 6 weeks and now looking to hit new year highs. $4.31 lb, prediction from me is $4.7lb before end of May. AA needs to look at the copper price and Arcm's assays, before EA ends and bid $1bn or more. GLA.

One thing consistent regarding anything to do with Arcm, is Peggy subtlety talking armageddon. Never once said anything positive, but doesn't want to sell? If you ain't happy holding, you can always sell is what I say. In fact all of his posts on lse bb is on one share only. No guesses there, its Arcm, Arcm and more of Arcm. End of post. How you doing Fulmar? Enjoying the weather?

Don't want to deflate any long term shareholders, but unfortunately Eddie Sobarts have started to lose ground in the logistics sector. Tesco are now using DHL for their haulage work. Goole distribution centre, is now run by DHL. Same staff mostly stayed on, different employers. Wonder how many more TESCO depots are still with Eddie? Win some contracts, lose some.

It's only a couple of weeks ago that the topic of Casa was discussed here, and now we have some verbal on the current situation. If we get a deal of some sort good, if not we can get the asset back and negotiate to sell to another? With gold prices higher than last year, we could get a better deal? As the deal was done during the start of lockdown, and the mining situation is much better with M+A starting to happen. 3m oz resource is going to attract more than one potential buyer for sure!

Ortus, could AA be wanting the license area east of Kalaba plant, namely Muswema, Cheyeza and to the north being Fwiji. Leaving us the plant to get into production and all the other deposits? I'm thinking this is how the future deal is being carved out? Any intelligent thoughts on the subject?

The fact that we're drilling deeper on Muswema and Cheyeza ,says that AA want clarification we have mineralisation at depths sub 160m. With drilling minimum late May, then results will be post July 7th at the earliest. So an extension looks likely before a commercial transaction? Hence both parties will probably agree, to get the deal done. Rothschilds are here for a reason, and a commercial transaction is what everyone wants. Can understand getting other parties into the bidding, but AA will be looking to close the deal on confirmation of copper at depths?

So exactly 3 months left for the EA to expire? I'm of the opinion that it's going to be extended, until drill results come in on current campaign? Then with drilling at depths confirmed? We'll have a commercial transaction of some kind. Next news will be welcomed by all, EMS on Muswema and Cheyeza possible?

When on here, I prefer constructive dialogue. Nothing against anyone in particular, positive and negative is welcome as long as its factual. Myself, only speculate about the possibility of a deal, as we have a major in EA. Leave the rest to the rns to wether this or that is relevant regarding keeping an investment. Traders tend to distort the picture to suit their agenda, so don't really reply to their posts. Works for me. GLA.

Thanks for the quick reply Stevev,much appreciated.

Just a quick question about the possibility of up to two million tests per week. Obviously not everyone will be taking the tests? But reasonable to assume about one million per week will be done. With NCYT and ODX the most likely to gain the contract between them. Could any of the regulars on here please tell me if we do 500k per week? Exactly what in revenue and profit that would accumulate? Yours thanks in advance Kully.

Definitely feel he was pushed out of Arcm, and tried to pull a fast one regarding stealing licences for renewal. Best thing NvS did was get rid of him and bring Caleb in.

Sorry fulmar, got that confused my bad. Yeah Kopara investment other holders of licences. Zaco is MM,who we increased % of licences for Arcm shares. Apologies mate.

One other thing about Kopara is that Mumena Mushinge is majority holder, and sold % for Arcm shares, which were then sold at market prices. His other business interests have not been performing well, so we picked up more % of the licenses because due to him being a distressed seller. Then he got booted off the bod, and replaced by Caleb. We got 20% of Zaco for 10m shares. so reckon we got a good deal there. MM had 67 m shares but may have sold some due to needing further funds for his other business interests?

I don't know about buying more % of the licenses, just that they want to have equal amount of % in both licenses. All drilling costs are pro rata paid for by both parties, so they pay their costs as per rata. Let's see what AA offer as recent rns by AA stated raise by way of bonds 2 ×$500m=$1bn. Hope we get some commercial transaction of some kind.

Fulmar judging by the fact that AA has directed the previous drilling campaign. They clearly want to cherry pick the best deposits. Give them what they want at a reasonable transaction. We then have funds to drill 12 other targets and sell on. Everyone walks away with what they wanted and shareholders value created. 12 other targets could be sold to one buyer, thus we would be able to hold out for the highest offer?

The only way a JV would work is for AA to take 10% equity with a view to fund drilling of the three deposits Muswema, Cheyeza and Fwiji. On reasonable results and predetermined offers for full buyout of said deposits. EA would be extended while drilling is ongoing to prevent other suitors from making any approach. The rest of the deposits, could be drilled by ourselves post commercial transaction, and sold to the highest bidder? Not a bad idea of getting to the goal of creating maximum shareholder value over time. Plus we could be producing from Kalaba so an income stream as well. AA have favoured JV's, but by selling them three deposits for XYZ price, they wouldn't want to share. We clearly don't have the money to drill as the entire resource is 500km Square! Even a major would need a few years to drill out that amount of licences, so an option that may work out for both parties? I do believe EA is going to be extended, as drilling won't happen before May at the earliest.

Viable I'm only seeing what is on Arcm's twitter page. You'll see AEM survey pictures with little details, as the scale of the map is hiding most of Fwiji! You'd think that they would have a large scale map to look at, unbelievable no one has mentioned this!

Looking back over the drill rns's, we've drilled more at Cheyeza than any other deposits. And have consistently hit mineralisation from close to surface to end of drill. With 80km square, it's double the size of Fwiji and the biggest deposit in both licenses. AA may as I've said in previous posts, want clarification that there's mineralisation at sub 160m? This would make Cheyeza a more probable target for second ore production after Fwiji. AA would want to produce from the deposit with the highest grades first, as a way of recouping their initial capex. Looking at the map of the licenses, North of Muswema and South West of Fwiji is vacant land, and I'm guessing where the mine processing plant would be constructed. Its also east of Cheyeza, so accessible to all three deposits, and why I think AA would target these deposits first for drilling? If they going to make a commercial transaction, they will use locality of the two biggest deposits in order to make the numbers commercial? As for not drilling at Fwiji, AA probably want to keep the deposit undrilled. So as to keep other majors away from bidding, while negotiating a lower price with Arcm? AA know we don't have the money to drill the other targets, or the time due to the rainy season. We really need to spend a few million on each of the three deposits, or get Kalaba into production? As for the other deposits, I'm of the opinion that AA would probably drill later down the line,and mine much later on. Between Fwiji and Cheyeza you've got 120km square of land, and that's big enough for most majors to concentrate on.

One other thing came to mind Longfell with the question of 'why they're not drilling at Fwiji'… That hitting 7-8% grades is fantastic, and not many deposits around the world that have similar grades. AA must be thinking that if they are getting sulphides at depth from Fwiji, without hitting the main ore body? Then what does that tell you about the main ore body? You gotta be looking at 10-12% grades if and when you find and drill. Obviously they have shifted focus to Cheyeza and Muswema at deeper drilling. So one must ask why? Only conclusion is that AA wants clarification, that Arcm's other deposits are enough to make stand alone open pits that may be sold on/or JV? If we keep drilling At Fwiji, we will definitely get to the main ore body. So AA probably want to deviate away, to not create a bidding war with other suitors? Twists and turns still to come and both sides keeping their cards close to their chest. NvS needs to direct the upcoming drill campaign back to Fwiji, but is probably been told where to drill?So not anything we can do until the drill results are in, I'm slightly disappointed but we don't have any further information to go on.