Member Info for Metalhead25

Spank, I remember that interview and I think what Mike actually said was that initially the DFC weren’t interested in Orom Cross because of Blencowe’s plan to work partly with China, at least in the short term, but that he then convinced them that with a potential 100 year mine life it really doesn’t matter very much who the company works with at the start in order to get up and running. So I think the DFC are resigned to some Chinese offtake and relationships at the outset here, hopefully alongside Korean offtake. As for using Chinese expertise for an SPG operation, I can’t see why that would be objectionable as long as BRES has control of the plant

Https://investingstrategy.co.uk/mining/investing-strategy-the-african-pioneer-edit/

A quick look at the chart for anyone interested:

https://x.com/metalhead2525/status/1775065279019520045?s=46&t=Jne_cUYLxmaxpafySDDQ2A

I really can’t see Andrada being interested in TVM: they have an absolute monster of a resource of their own, and more than enough work to do developing and expanding their own operation.

Still, the RNS does confirm that Dennis is talking to a potential new buyer of TVM, which would be a very positive development in my view

What the f are you on about?

It’s quite clearly a positive update showing that we are still on track for two revenue streams in the next two months

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!