Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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.
@graham-wales - no, funding will be fully secured (i.e. organised and paid for) by Talaxis. The option is a free carry to production for MKA, retaining 25% of the asset.
Hi Alfacomp. There are a number of warrants that expire in June, so personally I'm not particularly perturbed that a small number have been exercised - it could be for any number of reasons.
As said previously, I can't think of any logical reason why the report wouldn't arrive on time given that it's entirely within the company's control - but we shall find out by the end of tomorrow, I suppose.
Any idea why demand is so weak at the moment? Did end-users stockpile during the latter half of last year?
Today is day 42, so it should be released by Thursday.
Logically I can't see any reason why they'd fail to release it in time, so I expect we'll see news in the next couple of days.
It means FinnCap bought 437,823 shares at 18.415385p yesterday.
Thanks for the link BabylonBoatman, that's an excellent site. I have shared the valuation which you have referred to on Twitter.
Agreed pickedpeck, the presentation clearly shows that the financing deal is expected by the end of Q2. They then have 2 months to finalise plans before committing to the development with a final investment decision in Q4.