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Great news that FQ have exercised on the remaining two licences. With it being nearly a month after the nominal deadline, I had rather come to the conclusion that they were not exercising. So a very nice surprise today.
Now looking forward to the next exploration update which can’t be far away.
Is this the “DFS”? And if so, why isn’t it called a DFS?
Admittedly I’ve only glanced at the long RNS so if the answer is in there I apologise for wasting time here
Nice map. You’d have to say based on that that AFP have the best of the licences. We also have a major exploring for us!
Can’t see that he could be less positive about the AFP licences - those licenses and the early exploration success there are the whole reason why Colin has caused XTR and GLR to tie up land in NW Zambia
Markie, yes the $2m is for the DFS but that is the company’s sole current activity. The funding statements to which you refer appear in every single set of financial reports published by every single pre revenue explorer/mine developer. The difference here is we have $5m of known funding and, we’re told, several opportunities to obtain further funding from partners/offtakers
I thought it was intended as an assurance that they really really really don’t want to do a placing
Always in awe of a poster whose research is so thorough they can’t read back two RNSs to find the one where it says $1 million has just been received.
I’m not invested here - in fact I’ve been openly negative/critical. But it bugs me seeing people accused of lying without really solid evidence. And I’m not sure there is any evidence here. They’ve completed all the formalities for the bond, they just can’t get the investor to sign on the dotted line. So, ask yourself what the investor is saying behind the scenes. Is the investor saying “I’m really not sure about this, I don’t think I’m going to do it”? Or is the investor saying they’re on track to sign but then just dragging it out by whatever means? If you think it’s the former then fine you’ve been lied to. But I think the latter is much more likely
The silence is deafening… apart from that long interview the CEO just gave…
As I understand it the security risk relates to the diamonds, or to diamond gravel. Our plan is to remove the marine diamonds from the mined HMS straightaway. Once that is done, I don’t think any bandits have any interest in the sands. In any case, even in relation to the (much less important) diamonds, it sounds like they have a good plan
I’m not so bothered about whether FQ exercise the option on the other two licences (though would be nice). Indeed I sort of suspect they won’t, as they’re (a) very excited about the licences where they have already exercised, and (b) having difficulties elsewhere in the world which will be straining their resources somewhat. But we’ll see. Much more excited about the upcoming drilling results on the licences FQ are already drilling
You reckon they’re oversubscribed??? Ok…
Sounds like the bond investors are simply reluctant to put the money in
Chart in case of interest: https://x.com/metalhead2525/status/1742845937410527653?s=46&t=Jne_cUYLxmaxpafySDDQ2A
Prob due a pullback after recent rises, should turn up again around here, if it follows the chart
Yes, can’t really understand why he got them so cheap, although possibly something to do with the seller’s tax year end? In any case, no doubt Colin was happy to oblige!
Nice holding :-)
If this goes the way Colin thinks it’s going to, you’ll be one happy guy. As will I tbf, despite a much smaller holding than you. Here’s to a good 2024
Swanny, are you the subject of today’s RNS (if you don’t mind me asking)?
Forrest, no doubt both lithium ion tech and competitor tech will continue to develop. However, the article you posted states that sodium batteries currently have less than half the energy density and less than half the capacity of lithium batteries
I thought it was good but have largely given up trying to talk about this share. I’ve tried quite a bit on X/Twitter but it’s like shouting into the void. If/when we get major positive progress in Zambia, it’ll flip in an instant of course!
He’s really not a car salesman, you’re an idiot