Member Info for Metalhead25

50% reduction in sulphuric acid is great news. Will save substantial cost and improve economics considerably

I think it’s a very fair criticism of Darren/the company that they took a risk by starting the drilling campaign as late as they did. However, I don’t think the outcome is bad at all. We have core from three of the targets and a chance to take stock on what best to do next

Mine is the obvious one - I own the shares, think they are undervalued, and like discussing them with other genuine holders

Stan, your entire contribution to LSE seems to be slating CEOs. Not sure what your agenda is - either shorting or massively disgruntled and not able to see that talking down your own investments isn’t helping.

Yes it’s a bit frustrating that the programme wasn’t completed, but it may turn out to be a good thing. My understanding is we drilled Wishbone, Awkward and Survey. If we have good results from any of them, that could affect what the best thing to do next is. And, if we do decide to drill the two remaining targets, the drill pads are now set up so it’s an easy operation

Apart from saying they’re very pleased and that the reports from site are positive, he’s keeping cards pretty close to his chest. However, various things lead me to think we’ve got something. There’s the reference to the geologist flying out to look at the core (only worthwhile if it’s really worth looking at). There’s the reference to working out how they’re going to take Obonga forward from here (to me implies an expectation that it may well be possible to bring in a partner on the back of these drills if desired). There’s the fact that we haven’t been shown photos of the Wishbone core. I have a very good feeling

My thoughts the same. Slower than expected but seemingly progressing fine, which means the SP drop is without any justification. Tempting to buy more, as the next phase (diamond drill) is the interesting bit where we may hit the key structural contact and/or mineralisation

Yes, I would expect the second Awkward drill to be deeper - as it should be given the clearly promising core from the first hole

I have a sneaking feeling something good is happening this week. The Stockbox interview being delayed, combined with the upward price action, make me suspect we are close to an RNS. Could be commencement of sales of diamond, or some sort of progress on the HMS. Just speculation of course

Artemis won’t even have any inside information. They are not insiders! The people with inside information are the board and they are buying

A clear explanation for the sells, which is not a cause for concern.

A huge whack of director buys, led by the CEO, which tells us all the company’s plans are on track.

Delighted.

Darren tweeted a story about copper shortages this afternoon. Yet we have no expressly copper-focussed projects. Is that chalcopyrite in the drill core, I wonder? Or at Wishbone? Hmm :-)

Agreed, and we won’t know what’s there until we get assays back. If anyone can tell the difference between pyrite (iron), chalcopyrite (copper) and pentlandite (nickel) just by looking at that shiny gold stuff it would be interesting to hear from them! But I’m guessing that’s not realistic and we have to wait and see.

One thing I would say is that this is the first ever drill into Awkward, we don’t necessarily need assays that blow the doors off. A more modest result but with clear potential might well get a deep-pocketed partner interested, especially when we know we have VMS at Wishbone as well

More Awkward core on twitter:

https://twitter.com/darrenhazelwood/status/1589173080559128581?s=46&t=okPLsX5vxqrXfQ4fI-888A

Looks good to me!

Yes, I’m intrigued by the absence of a photo of Wishbone core. Logically there seem to be two main possible explanations: they didn’t hit anything and if they showed core pics everyone would write it off as a failure; or they have hit VMS that looks different from last time (eg visible chalcopyrite) and it’s evidently significant, therefore RNS only, but need to await assays. I’m pretty optimistic of the latter, since we know for certain there is a big VMS down there, which seems to make a total blank unlikely. No doubt there are other possibilities too.

Wondering about nickel sulphide as well. Some photos online look somewhat similar, except for the gold bits

Darren has put a picture of Awkward core on twitter:

https://twitter.com/darrenhazelwood/status/1588882632968138752?s=46&t=0PGpKzCmGE7tk3KKvGRQyg

Any geologists on here got any thoughts. Looks like quartz and pyrite to me, possibly some gold. PGMs wouldn’t be visible. Certainly plenty going on. Looks very encouraging for the first ever hole on a big target

Thanks TDT. That’s sort of what I was wondering about. There was some guy on Twitter going “Does this mean TYM’s 90% has been valued at $31m?” Erm, no.

Not invested here, but wondering if someone can explain something to me. From a lot of the posts on here and on twitter, one would think that TYM had “secured a JV” in the sense of getting another company with deep pockets to fund exploration on one or more of its licences. But isn’t it the other way round, ie TYM have agreed to pay the owner of a licence to buy into that licence?

I can see there have been some good drilling results and understand the excitement in that regard. But I don’t understand the fuss about this “JV Agreement”. Anyone explain?

Maybe this time you could be back in the company without being back on the board? Just an idea

Excited about the next two targets. Previous drilling at Survey intersected massive sulphides which were not assayed.

Couple of big buys this afternoon also