Member Info for Kullybahia

Meaning AA haven't walked away from the deal. They clearly want the licenses, but some pencil pusher ain't going to sign off, until they are convinced that they are getting a good deal. Most pencil pushers don't want to make such a big decision without all the info available. DD is more drilling and more grades, then that RNS.

Going back to the drill campaign, David Wood AA's top geo was directing where to drill, Fwiji which was their main focus and number 1 target. And delivered sulphides at 7-8% grades, so AA were happy to record them. A little bit of more drilling required to gather more info on the resources, by the buyer prior to a eventual transaction? New asset is where we focus, post transaction. Hopefully with a dividend for shareholders?

AA may have asked for mineralisation at depths of more than 250m,as part of the deal. Cheyeza and Muswema but not Fwiji? Buying into the new asset, so as to avoid becoming a shell, post sale is how I'm reading the bod's intention. They love exploring for copper and Africa is where they like to find it. As for a deal with AA, AA are telling them what they need to do prior to any commercial transactions? Twists and turns and more to come before that RNS.

Arcm looking ahead not in the rear view mirror. Guess after drilling deeper into Cheyeza and Muswema, to satisfy AA's demands and probably further drilling at Fwiji planned this season. A deal of some sort will be concluded. Although no one thought of developing another asset, deal must be close? EA ends July 7th, so ongoing negotiations are still going on. Buyout /JV more twists and turns than a Formula One driver!!!

To drill deeper at Cheyeza and Muswema I think makes sense, adding value and probably a demand from AA. No mention of Fwiji drilling, which I presume is already planned for. But the acquisition in Botswana is a curve ball? Are they close to agreeing a deal? And looking for a copper play to develop later on, with money received? What really confuses the picture is saying we're fully funded until 2022?

Peggy nothing makes sense to you. You said on here 5p and I'll sell up and move on. Now you still here, and now it's 25p takeover .You move the goalpost to suit your agenda. AA won't buy until they know we've got the Tier1 deposits. We can't drill enough without a cash injection from another major. So how is that going to happen without AA? Money falling out of the sky? Rishi Sunak giving us $20m furlough? It's how resource companies work, just like a farm in on a oil drill. Sick of your incessant subtle deramping, it's been since the EA was announced. If you can't see how it's going to play out, don't comment, just sell up and move on. Good night all. Jeez this bb is full of HERD and sheep, and they get slaughtered!!

The reason $20m for 10% equity is referred, is because the licenses are so big 500km Square. Fwiji is 40km squared, so would need a lot of drilling to find the main ore body? That requires $, we've only really scratched the surface. Tier1 is what the majors want, in order to do a deal. Just to fully drill out Fwiji would be $20-25m alone, so AA know how to play the game, and so does NvS. Caveats would be in place, to prevent another suitor from making an offer while AA were invested for the time being. Finding those sulphides at depths would confirm what AA needs in order to offer a good deal for all concerned. Not saying a TO isn't possible, just which major would buy before confirmation?

AA will want to make sure we've got Tier1 deposits on the licenses. Only way they can be sure is to do a JV, with caveats in place. $20m for 10% is enough to keep Arcm in the loop, and AA at the negotiation table. $20m would be spent on numerous drill rigs, and rapid assays from the highly prospective targets. Fwiji, Cheyeza East and West, Muswema, West Lunga would be top of their list. Hit the grades that are filled with sulphides? And a offer is forthcoming. The last thing AA want is to buy the licenses now, without confirmation of the deposits. They would embarrassed to not find Tier1, so to speak want assurance that they are there. Paying a bit more for the licenses, knowing that they have Tier1's, is better than missing those sulphides. Really think NvS is playing it great upto now. Kept AA in the deal, Copper is rallying, deficits are looming (500k tonnes this year). Just need that capital injection from AA, and this moves from 7.5p-17p. Then all eyes on the drill, another 6 months for the inevitable outcome. So September should be deal done, EA will probably be extended to keep AA at the table.

If AA inject $20m for 10% equity, then more likely that they will find those Tier1 deposits in quick time. That'll be the catalyst for 4-5 drilling rigs, and rapid progression in proving up what we most likely have in the ground? AA need to make a decision before drilling season is upon us? The sooner they invest, the more likely they will know if we have Tier1's? Totally agree with you sta60.

Don't understand why the Bod didn't pick up on the problem and rectified it before YE. Only thing is that some will panic sell. But with a 3rd lockdown in parts of Europe, working from home is still going to be the norm for the time being. Travel restrictions and delays in getting a 100% vaccine. And the fact that the virus is mutating doesn't help ease lockdown and associated knock on effects.

Just read that Imran Kahn, ****stan prime minister. Got his covid jab and tested positive for covid two days after. I know that sounds comical, but it's reality that the virus is tougher to eradicate than first thought? The irony is that testing is with us, for the foreseeable future.

Sorry for the late reply Westie, been painting the interior walls. Post your twitter handle and I'll follow you and give you an invite mate.

Fulmar if you gotta twitter handle then contact me as my name is my handle Kully bahia and I'll get you an invite.

Fulmar if you gotta twitter handle then contact me as my name is my handle Kully bahia and I'll get you an invite.

Fulmar gotta lot of respect for you and Westie and Aprogreson and Small holding and Older and Wiser. Ortus joined the Discord group I'm in. Really would love to see you guys in that group. Similar people with similar investments and thinking. The herd is definitely here now.

AA will have caveats in place after investing. Arcm will also have some caveats in place. We drill and hit the main ore body at Fwiji, AA happy, Arcm happy. Then a deal that both parties will be happy with. Then 100's of millions.

Muswema basin mine? 500km Square of licences. 15 targets and a central mine processing plant. The area is massive and there is a good chance of AA spending $200m to fully drill the entire resource. That's why they are back in Zambia, we've got quantity and quality.

AA makes a cash injection into Arcm $20m for 10% equity with caveats. We drill and find the ore body at Fwiji and one other target. AA then make a full offer and we all make some money, and everyone gets what they wanted.

With Bod giving up options? AA probably don't want anymore dilution. A JV with AA putting a $20m cash injection for 10% with caveats. Money to really drill the resource, not scratch the surface. Which is what we've done up until now. Then find the main ore body at Fwiji and full offer. TO is straight offer, based on the expectations of Tier1 deposits being possibly there. No guarantees that we have Tier1's, but its increasingly likely we have. A lot of people pushing for TO, including myself. But giving up options is the clear indication of what might happen. Deal is imminent and speculation is ongoing. My opinion only so no advice, GLA.

The Fed is predicting inflation, pretty obvious with $1.9 t pumped into the economy. That'll cause the $ to sell off as inflation starts to rise. Inflation will cause commodities to inflate. Precious metals and industrial metals will be hitting new highs in the coming year. EV will cause supply deficit in battery metals like copper. Predicted 500kt shortage of copper this year alone. Majors have no choice but to turn to junior resource companies for reserves, due to dwindling end of life mines!! This will be a mega commodity cycle that stays high for years to come! Let that sink in and be happy your in Arcm, not some s**tshow!