If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
KONKOLA WEST:
Competent Person's Report [CPR] per SEC Filing: Caledonian Mining:
"Note 8.3: Zamanglo continued with extensive pitting, diamond drilling and surface mapping across the Konkola area. Further work was curtailed by the NATIONALISATION of the copper industry in Zambia. In 1956, ANGLO AMERICAN....
Note 8.4: Joannesburg Consolidated Investments Ltd: JCI's principle involvement in the area began in 1995-------JCI DRILLED TWO DIAMOND HOLES IN THE ==NORTHWEST OF THE KONKOLA WEST LICENCE==but these were never FULLY LOGGED AND SAMPLED." [Zamanglo was the subsidiary of Anglo American].
Note 8.6: Following the LIBERALISATION of the Zambian economy and changes in the MINING LAW in 1991, Caledonian Mining moved into Zambia."
Comment: So, the KONKOLA WEST licence has been explored by 3 co's starting with Zamanglo [sub of Anglo American] , then JCI and then Caledonian. Now, it is TERTIARY who owns this licence. SO, ANGLO AMERICAN HIT COPPER with deepest drilling to 240m and had a resource of ==5.3Mt @0.76% cu copper, average thickness 5.5m having DRILLED 8 HOLES. JCI drilled TWO DIAMOND HOLES but never fully logged and sampled. When Tertiary Minerals took over this licence, the above would also be FILED into the Zambian Registry ie CPR as above filed with the SEC. KOBOLD in fact JV into LUAMBE, and DRILLED DEEPER to the EAST and EXTENDED the RESOURCE FURTHER [see Porter Geo] . Kobold RENAMED Luambe EXTENSION to ===MINGOMBA.=== So TYM/KOBOLD may also be drilling deeper but which spot not sure as that is NOT disclosed? SO, LOOKING FORWARD TO NEWS as KONKOLA WEST HAS BEEN DRILLED by two co's as above and Caledonian also did further soil sampling. TYM/KOBOLD started drilling at Konkola West on 16.4.24 and on 24.4.24 reached 150m. Today, TYM 's Mr Cheetham had a meeting with KOBOLD. DYOR. NIA. Fri, 10.5.24 @6:25pm, Stock Mkt Closed.
Anglo American via their subsidiary Zamanglo drilled KONKOLA WEST with 8 diamond holes with deepest 240m from surface and RESOURCE of 5.3Mt @0.76% cu COPPER. Average thickness 5.5m. Caledonian followed up with further soil sampling with clear zone of copper mineralisation etc. Source: Via Official SEC Filing of CPR. Now on Twitter, Fri, 10.5.24.
DYOR, NIA. The above was just found via research.
Before the RNS yesterday, only 2 trades but MM's wanting to BUY more than normal mkt size. Whoah, today, AFTER RNS +25%.
----------DOING RESEARCH B E F O R E TYM RNS = +25%------------
Mr Cheetham said that there was a "SCRAMBLE" for Zambia licences. Yesterday, 2,500 licences were CANCELLED due to inactivity and mainly those of small local co's. TYM was not affected but two AIM co's may have been affected. I was out so I couldnt answer goldeninvestor's question. My answer: SP Angel's target price is good: "Enterprise Value $4m, $18m average and median $24m for this STAGE measured against peers. ARCM /AA - no drilling started yet but their mkt cap is £24m. NO CO that has licences in Zambia NEXT DOOR MINING MAJORS have a mkt cap of £2.4m [before RNS] so it was rather obvious. So, RESEARCH BEFORE the RNS comes out DOES PAY ie to find out WHAT the historical drill/geo data shows. ANGLO AMERICAN 's JV with ARCM is worth $90m and from recall AA PAID SOME $14M upfront ? Kindly check.
SQM invested A$20m for 19.99% share in Azure Minerals AFTER ONLY ROCK SAMPLE ASSAYS, PEAK AT 4.78% Li20 lithium.
Now that the SQM-Rinehart Takeover is completed today and delisted tomorrow, the NEXT PLAYER with the highest lithium grade is ARTEMIS RESOURCES AT ITS 100% MT MARIE. Ref: ARV RNS today, Thur, 9.5.24. [2nd set of assays from Mt Marie and ARV stated in this said RNS about Azure's PEAK lithium high grade of 4.78% lithium vs 4.63% at ARV.
No trading in Australia ARV as it is halted. But ONLY is ARV trading inc overseas. DYOR. NIA.
TYM Mulpala RNS, 9.5.24 :
"HISTORICAL DATA reveals promising COPPER ANOMALIES." This was REVEALED today in the TYM RNS. TYM Mupala is SITTING ==ON==the licence area and NEXT door. Look at the ARCM/AA ANOMALY MAP at https://twitter.com/NavSeis/status/1788490098092191993 & where TYM MUPALA is.
Now, today, TYM reveal that there are HISTORICAL PROMISING ANOMALIES. All ARCM/AA has is also ANOMALIES MAPPING and they are going for the HIGH ZONE.
AA 's JV is a $90m deal with millions in upfront money which has NO drilling yet done except a stratigraphy drill.
So, that is NEW NEWS ie TYM 's historical promising anomalies at Mupala.
All of TYM's 3 critical licences are all INTACT. Yesterday, 2,500 licences were cancelled by the Zambian govt for non-activity.
I checked and TYM was NOT on the list NOR for any MAJOR. However, 2 other AIM co may have been affected but I dont want to mention names as investors were upset. @Mupala is on the door-step of Anglo American/ARCM JV about to drill and @Mukai is also directly adj to First Quantum/AFP JV. So, good they are next door to these 2 majors. Thur, 9.5.24.
Https://www.youtube.com/watch?v=NUgUW6%4fVA Proactive Investors, Thur, 9.5.24
"G.V, CEO : 4.63% li20 , very exciting. JULY/AUG DRILLING @100% ARV Mt Marie. "Work out envelope how far it goes."
G.V. said also gold. Book build.
ONLY LONDON LISTED ARV TRADING. ARV in Australia was under trading halt and not lifted yet.
Https://uk.advfn.com Tertiary Minerals #TYM, Thur, 9 May 2024 @9:19am.
I was here by the way BEFORE this RNS which was RESEARCHED and posted for all to see and benefit.
Above is referencing TYM KONKOLA WEST JV with Kobold Mining & TYM s@MUPALA itting on the doorstep of ARCM/Anglo American & TYM @MUKAI sitting directly adj to First Quantum/AFP JV, all in Zambia.
Comment: All researched and posted on this forum BEFORE RNS of today. Today, it is from the horse's mouth ie CEO Mr Patrick Cheetham.
ARV RNS, 9.5.24. ARV, dual listed in Australia is under trading halt for RNS now released. Azure's PEAK 4.87% li2o grade was in the ARV said RNS of today. ALB invested A$20m in Azure after rock chip same assays and the rest is history, now taken over. It was stated by ARV that Mt Marie @ARV is the 2ND HIGHEST LITHIUM GRADE after Azure.
This is the 2nd RNS from ARV on their 100% MT MARIE LICENCE, Pilbara, Western Australia.
Helpful
For clarity, you informed that NOT only are there AIM regulations per the handbook but that Nomads are now placed in a position as if they are regulators [para phrased], say. So, others chided you as usual but you pointed out new regulations. So, it would now appear that we have to now sort out what the strategy is ourselves as opposed to management informing us. Hope that clarifies.
Https://twitter.com/Share_Talk/status/1787428363251933661 11:25am, Mon, 6 May 2024 [Bank Hol & Stock Mkt closed].
"Quote: NOMADS & CEO's are effectively GAGGED by the Regulator from effectively communicating their STRATEGIES, aims and objectives- or at the very least, many management figures feel they simply CANNOT be completely OPEN with their investors."
Comment: Something this forum discussed yesterday re: Strategy of co @RRR, objective etc. So, something Helpful said about regulator and comms.
Banburyboy
I dont want to bother going into the Companies House data re: RRR ALR.
You mention , could have. NONE OF US CAME TO THIS POINT of could have given I was never here on this forum to witness anything. However, I took into consideration ONLY ROBIN. And my reply is only for Robin as he was the one to telephone A.B, Chairman of RRR and he has NOT moved on from that till now. We both have objectively looked at the situation and IF Robin does NOT feel that RRR is going with his own objective etc, then Robin must stare reality and take whatever decision that he feels is appropriate. In the future, it is positive that Robin will search every nook and corner for info ie data and come to a conclusion quickly so that any situation is NOT left to allowing a situation not to be in command and control of one's own portfolio. That is maturity and moving forward. IF there is LOSS, one must then strategically work out how to recover that loss be it to save up the money going forward etc. That is part of life's processes. As for your assessment, it is something that I cannot agree to. Why? My thinking processes are akin to high achievers and cannot is NOT something I entertain. Maidit308 having been thru this AIM cas for a long time would have honed this to a fine tee and it is called a learning curve. That is why I may POST ON THIS FORUM but I am here to learn everyday and keep abreast of trends etc. I have just listened to the President of Congo speak French to a French interviewer and I try to gauge our RRR DRC situation. Interesting. So, Robin, I wish you the best and we all have been there before. Today, is Sun and I pray that you will be blessed. News, 5.5.24.
Robin
That is a very good handle of RRR in general & in particular from an accounting vantage point. I agree with you on the money front but as for A.B seeing it ahead of the curve, I think the jury is out on that. Remember that A.B was a portfolio manager working in a fund. So, that is how RRR is run akin to a fund with lots of project portfolio. Leaving that aside, yes, this co, in theory needs FINANCIAL RE-STRUCTURING ie a accounting clean up. There are 2 ways going forward and Helpful has been upfront in saying project A needs $, project B needs $ etc.
STRATEGIC REVIEW:
The only asset with a resource statement [which needs updating =$$] is Kenya. The licence renewal is awaited. None of us know whether it can be sold or JV'ed at the momo. Two issues here ie jurisdiction and does A.B have connections to the Chinese to see if they can take it on.
[2] Zimbabwe: I have checked Companies House on this and the capital in the kitty is $100,000 so per First Equity, this is the largest asset after Kenya. Michael Fotio, Father of Lithium has told Stockhead.com that prices will pick up for lithium carbonate because lepidote is not as successful in China.
[3] One cannot get rid of everything all at 1 go because the co can be de-listed due to the rules. So, what is the MAIN emphasis that everyone wants at RRR? Helpful thinks that Bilbale is the way forward and this is of course where Kavango is also heading for ie CASH GENERATION.
[4] RRR AUSTRALIA IPO: I have discussed this to a great length but one does not know if the market is willing to put up drilling for Pre-IPO per Helpful. Market may not be keen on the Ballarat area so as said, trenching should be done at the border of Sunday Creek to see if mineralisation and grades extend to RRR's Kilmore.
[5] DRC litigation: The $10m would be helpful to steady RRR's ship going forward. With the money, then litigation can move forward if legal Counsel wants a down payment to open the file. Funding would be required. A.B is using the determined softly approach and one cannot fault this but the Head of State is well aware that should the award be signed off, litigation opens up for US$430m [51% RRR]. So, a dilemma here
[6] Market conditions have improved but going forward, the money situation is the case in point.
[7] The strategy is to HIVE them all off ie SOLD, JV'ed , IPO'ed so that only the best asset moves forward be it Australia RRR or turn RRR into a litigation co like Churchill Mining [A.B was a director of Churchill Mining] and wages are minimum then.
[8] DRC - Perhaps, a 2nd legal counsel opinion is warranted now ie more dynamic in approach. Why? AVZ's French legal team are now closing in after an interim win at the Washington D.C Int Arbitration Court.
[9] RRR - they need money ,a clean up of their finances and then to see what is the strategy of the co going forward ie which project is best in a jurisdiction that is Tier 1. However, it is a constant struggle now F
---------------CRITICS OF RRR-----------
Banburyboy: It is of no use to say its being ridiculous. Why? In the real world, there are professional STRATEGISTS, be it in the public service or corporations. They are called Strategic Consultants with MBA etc. Useful to be a Chartered Accountant or a Management Accountant as one needs figures. So, it is EASY to criticise and this has gone on for a long time. Now, it is about HELPFUL!!! LoL, the man does not RUN RRR as CEO , NED etc so it is just a distraction.
So, today, is Sunday, and many of our parents etc always say: YOU THINK YOU CAN DO BETTER, THEN SHOW US HOW.
So, a voice given to EVERYONE today to speak up. I can, if you like post to RRR that we have had a forum discussion as to how to take RRR forward. FAIR?
In short, SPEAK UP or put up. I have a strategic plan with a strategic review. So, let's hear from you, Sir as Dukey said you are their leader sort or thing since you say you are a Chartered Accountant, worked 20 yrs as NED in a public co and worked for KPMG. Therefore, ALL CHARTERED ACCOUNTANTS can do M & A, valuations etc. So, your fans are waiting.
-------------SILENCE FROM THE FORUM'S PLAY CEO GAME @SOLUTIONS---------
No one posting re: above whilst OPEN to discussion: "HOW DO WE TURN RRR AROUND?"- Thesis open to all inc the resident.
So, my thesis appears to be now right ie dampers who are not here to see that RRR gets turned around if that is the complaint. So, another 3 years of the same as yesterday. LoL.?
Helpful is right about gold mines being sold and the Chinese are buying. Ref: "Pan American Silver has sold 100% interest in La Arena which OWNS La Arena GOLD MINE and the Arena II Project to a subsidiary of a Chinese multinational Zinjin for US$295m." 2 May 2024 https://twitter.com/miningcomau/status/1786159839665930732
So, yes, this is the latest trend. Where the Western majors are not buying these smaller mines, the Chinese ARE buying smaller gold mines. Not seen any copper mines sold yet ie of the smaller ones, so watching.
We need SOLUTIONS and no good 3 years or 5 years of 18 years of watching RRR. Agree or disagree, all? Sun, 5.5.24.