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You lot are cheery aren't you?

Asset is high quality and there's plenty going on at the moment. Neighbouring assets are doing very well at a similar stage at the moment, so it's safe to say that there's high interest in the area.

ASX:WKT has 3 bagged this year to £63m market cap.
ASX:BKT has 2 bagged this year to £30m market cap.

AIM:ACP has hardly moved this year to £4.5m market cap.

Both in the same region as ACP, with similar pre-production deposits. Only a matter of time before ACP starts to catch up.

Huge delayed buys going through all morning - no idea how we're 5% down. Slightly ridiculous. MMs allowing shorts to close now that the vanadium price is on the march back up?

Well done to anyone that managed to read that without having a seizure.

During drilling season last year, the 6 monthly cash burn was £1.17m every 6 months, as reported in the interim results. Since those results, the company has raised £4.2m of cash. Assuming cash burn has remained the same, current cash levels will be roughly £2.5m.

While funding will inevitably be required at some point down the line, I do not think it will be in the "near future" (by which I mean the next few months) and the price at which those funds are raised will be determined by the quality of the drill results.

Not something to be worrying about just now.

I get the RNS is fairly decent but its atleast a 4 year wait until commercial operations, assuming all goes to plan.

It was indeed a good move having the AMC geologist on the call to give his opinions. I believe he was being very genuine when discussing how excited he was by these prospects.

It's very high for a soil sample. Usually anything >100 ppm is considered indicative, anything >500 ppm is extremely strong. The fact that we have these

"On the Zambian Copperbelt, anomalous soil geochemical areas were defined as having values in excess of 200 ppm total copper in arenaceous [sandy] environments and 500 ppm copper in argillaceous [clay] environments."

Diagram d on page 12 of the below study shows a map of copper soil sample concentrations around ARCM's neighbours in Zambia. The scale maxes out at 2,200 ppm.

http://www.geology.cz/igcp594/czech-national-group/kribek-et-al._Soil-contamination_Copperbelt_Zambia.pdf

These prospects have the potential to be monsters and I can't wait until we start getting drill results.

@ChinaBlue - ppm in soil samples and % in core are very different things.

Soil samples are always much lower than in the rock, and are used to identify where to drill rather than give any indication of grade.

Great RNS this morning. 2,792 ppm in a soil sample is very high, SOLG soil samples came in at around 500 ppm for reference.

Can't wait to start drilling, we're at the beginning of something very exciting here.

There are two options really:

1) JKX gets bought by UNB in a cash for shares offer. This would effectively lead to JKX no longer being listed, but not in the negative way being discussed - just a straightforward takeover.

2) JKX and UNB merge, with the current JKX listing becoming the new, much bigger company via a reverse takeover. What format this would take, how many shares the new company would have and therefore the impact on the current share price is difficult to assess at this stage.

Neither are negative for current JKX holders.

Earnings per share is post tax profit divided by the number of shares.

H2 doesn't start in a fortnight, seems to be a common mistake that people think June is in the second half of the year.

Well you obviously think there's some benefit to constantly updating us all with your latest panics and woes. Maybe you just find it therapeutic? If so, there are qualified individuals who can help you with that side of things as well as your investments.

Stay strong, all the best.

I don't think anyone blames you for the SP "decline" (it has been flat for the past 2 months), we're just tired of your constant negative drivel.

It's quite common across LSE boards to have a bitter individual who has lost money on a share and blames everyone but themselves for their poor investing performance. It's tragic to see really.

If you still hold and are so negative about the company then you should sell. If you have already sold for a loss then accept your decision, pick yourself up and move on.

Don't bother trying to catch it. Should be able to pick up some below placing as is historically common place for placings of this size. Sorry to all LTH here.

@ChinaBlue - back in February, when you still held this share, you were the one talking about £1 targets. Get a grip of yourself.

@HorizontePLC Twitter account is posting some nice articles highlighting the positive outlook for the base metal and EV sectors over the coming years.

https://www.theassay.com/articles/the-base-metal-rebound/
https://www.economist.com/business/2019/04/17/big-carmakers-are-placing-vast-bets-on-electric-vehicles

Shouldn't be too much longer before we get test results from Vermelho.

Any potential dilution will be at a much higher price in my opinion, given the newsflow to come over the next 6 months. Existing cash will easily last past the end of this year, at which point we will have a completed feasibility study, mining permit, and complete offtake agreements.

Probably has a contact at the mine, I think a few people did during the strikes last year to find out how it was going.