George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Please read the latest placing RNS before making incorrect posts in future.
SeisNav,
Thank you for reproducing your link to the Hydrothermal channels in ARCM's prospect licence areas.
I'm not a geologist so I'm trading gingerly here, trying to understand better the summary opinion you express about the critical importance of Cu-Sc soil sampling etc, in AA's mind. So please bear with me....
I have questions. First, did AA use this soil sampling approach successfully elsewhere in Zambia or thereabouts?
Is this method, that you elevate to the top of the list of being able to delineate a Cu deposit of size, commonly used elsewhere in Cu-prone areas?
What could go wrong , once AA starts to drill? You make it sound as if it will be like picking peas in a pod (not sure if that's quite right, but I think you know what I mean!) . I know you've been invested here for a good few years now, so you have oodles of patience. But one day we all need to see a good return.
ATB.
You're taking the p i s s there, surely.
Can't believe folk are still living in hope OPTI. Just another AIM rubbish company, requiring more PI cash because its underlying model working out. Oh, and it has that scum TW actually being long it, with his single biggest holding, if you can believe that.
Avoid.
Mralien,
I happen to believe that CB has negotiated the best possible financial risk/reward outcome for Manica, and hence for XTR shareholders by this sale.
The option of a £1 re-purchase if the buyer cannot make payments at any time is no different from the abysmal result for shareholders if we had kept our stake in Manica, and it failed to deliver cash flows to make it viable. Further dilutive equity raises would certainly then arise, with no free capital for Cu exploration to top it all. The sp would crater on that scenario, rather than holding up at a £8mn MC. I have NEVER been a fan of the Manica project, and time has proved me right. BR was a way of getting attention away from that costly venture, and that has been mothballed. So now it's up to his home stomping ground in Zambia, back to Cu prospecting in a "hot" address currently.
Very good luck, CB. We need it. He needs it.
"Explorator subsidiary cash received."
Eh? You mean the first down payment, only, or have I missed something? By 2027, yes, if the POG and Manica mine's operating capability both hold up.
Might be a good idea if one of you regulars here communicated this fact to the company!
Back to the Forties tomorrow, lads?
Ah, those were the days.
My observation, from the outside, of PG's managerial style is of someone who is bombastic and like quite a few other PIs on here, wanting to say things to please the crowd, without fact or confirmation.
EG, the 7TCF number. Not in the ITR. Jimmy's post nails it.
Like the throwaway remark about selling up to PE. Er, what? Where did that one come from?
Like the "sell up by the end of Summer 2023" Roast chat throwaway comment. Why say it if you haven't got any reasonable chance of securing a good deal.
I'm afraid PG runs a very small ship, rather more like a boat actually, undermanned and undermanaged, and very vulnerable to the choppy seas and pirates lurking out there. That's my biggest worry about PRD.
Last question, whilst PG was referring to a 7Tcf prize, did he actually state that an amended drilling licence has been procured yet? Seems much more important in the sequence of matters here. No point in projections if someone else can claim the prize one day.
Just goes to show how overvalued and hyped up THX was back at its UK IPO. £130mn for an explorer/developer at that time?
So let's get this right.
A certain ROB thinks PG is being played by the "Big Boys".
We PIs have been played by PG, for placing after placing.
Quite a menage a trois.
And the T&T oil cash flows look back-ended in 2024 onwards now, so goodbye funding for MOU-5. Another placing by mid-year is the question that needs to be asked tonight, but which will be summarily dismissed.
Amendment #4 applied for on 23/1/24. Still not granted. Why not? What is holding it up?
Sorry, a mC of £25mn with 1.4bn shares o/s after this heavily diluting placing. Way, way over valued.
It's no wonder the Swedish PF are selling out. They can see the way funds have been frittered away by NvS and will continue to be. The numbers speak for themselves. At a £12mn MC this company is still way over valued.
Lol. Cashed up to spend on anything this bod likes, including fat cat salaries and perks. What a joke.
Surprised there hasn't been any officially released news from Predator before the presentation meeting tomorrow. Of course there is tomorrow to update timing of flow testing, rig availability and Amendment #4 being sanctioned, but all rather last minute in that case. I really can't see the purpose of the presentation, without new data confirming commerciality and scale.
Or should it be, which is your least preferred, from questionable leaders, each, judged by their past histories.
Both now offer an exploration play on the upcoming hot Cu prospective areas of NW Zambia. Both have links to AA who has expressed a desire to get back into Zambia, chasing large Cu deposits.
But....arguably is XTR better, with a £8mn MC vs £25mn, and an asset in Oz currently mothballed but potentially worth the current MC alone?
Both are cashed up for the initial Phase 1 drilling programs, at a minimum, with significant retained ownership.
Both are highly speculative, dependent on success with the drillbit and their geologists' knowledge, to make real wealth creation that way, and that way alone.
Let's hope that CM, at least, is proceeding on schedule so there is no push back in planned cash flows to fund more drilling at Guercif without more dilution. Somehow I am not expecting good news on that front next week, however it is dressed up.
DTEW, do you think your pleas for total focus on getting AV6k through CTs asap has the full backing of the bod?
Sieveco, with respect, I do believe you have acted emotionally, not objectively, in dumping your holding at this juncture, no matter how painful it is for shareholders.
The real acid test of Avacta's proprietary tech will show through in the data, and not through various phrases proposing excellence or ground breaking research.
So we wait. Meanwhile the sp will slumber until the data confirm the promise. That is what long term investing is all about.