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Looking at the license map from a previous RNS West Lunga sits outside of the Zamsort large scale exploration license area?

* Sorry - West Lunga is at the North West side of Zaco

Also we're expecting initial results from West Lunga which sits towards the north east perimeter of the Zaco license.
I wouldn't be surprised to hear that the license area is being extended if results indicate potential mineralisation outside of the current boundary. Could having controlling interest be beneficial from this regard?

If so and if it was me I'd want all this in place before I started showing off good West Lunga data.

Yeah I noticed............. Hopefully not indicative of incoming news.
Fingers crossed for something good at 7am tomorrow that will make this seller kick themselves.

The buyer of these 2.5M mentioned his purchase in another group well before it showed.
It's a buy.

I don't think they're on AIM. This is new news.

In the Crux interview NvS discussed investment coming in from the right kind of source.

The suggestion that the investment would fund the next couple of years or so doesn't really fit with the fact that majors are on site now and the sudden, conveniently close sales of both CASA and Sturec. Unless it's a major that will be providing the investment.

Does anybody think the investment could be from a JV? NvS had to stop himself from saying too much and referred to that kind of info needing to be RNS'd, which to me suggests the details are known.

I'd appreciate some opinions if this seems like a viable / possible outcome for the short term.
Or am I stating the obvious?!

Thanks

GLA

Unless I heard wrong I'm fairly sure NvS said in a recent interview that the drillers were locked in, and that they don't want to sell anyway.

Considering the drop back from high 4's to today's 2.6p, with news on the 3 more targets about to drop, majors on site and now the sale of both non-core assets to meet the majors criteria. Lots of things are coming together all at once and if there's ever a time to get excited about a holding it's now with ARCM in my opinion.

If early Cheyeza results could nearly break 5p then we should be well past that now.

This is our time / News incoming / IMO / DYOR

Fulmar29

My thoughts exactly!

Free option on targets for which mineralisation so far is comparable to Cheyeza East and the Kamoa mine.....
I'll take that.

Why has this happened less then a week after CASA? For these 2 sales to be so close together suggests that this was needed to facilitate something bigger in my opinion.

We've just been told that the majors won't want the gold assets and 1 week later they're both gone.

News if close IMO.

GLA

After listening to the conference calls (again) it seems there are some interesting factors to consider relating to the pending results.

More results from Cheyeza which seems to be growing. Muswema and Lumbeta are expected to hold similar grades to Cheyeza and may well be part of the same, larger system.

West Lunga which has been compared to the Kamoa mine by the same people that discovered / identified both.

How significant could these findings become if the next results prove this out further? It feels like potential big news to me which could land any time.

Expert opinions?
:O)

Patient people who take time to piece together what's going on here will be rewarded for their efforts.

Hi everyone
Jumped in today

GLA

What do you think we can expect over the winter months?

More results from Cheyeza.
Initial results from new 3 active targets.
Additional Kalaba revenue.
Scoping study for producing from Cheyeza.
Receipt of $1.8M in January.
Major confirmation of JV agreed in principle? They're visiting for a reason.
Sturec sale? Actively progressing as mentioned in today's interview.

Majors are visiting and saying they'd like a clean book i.e. no ties with DRC / Sturec. Seems like something could be in the pipeline that makes a CASA sale a necessity right now which could explain not being able to hold out longer.

Diversify across companies, but what about sectors? I've been thinking about this.
Is it better to spend your time getting to know an industry and diversifying across co's within it?

I have 7 holdings currently, and I seem to be slowly shifting towards mining co's.
I'm not liking O&G!

With BOU..... well who knows what that will be!

There are better more attractive gold resources out there than CASA so how long would we be waiting for a better price whilst losing cash on a non core asset?

This will allow copper ops to push forward with much less risk to investors.

Yep and if you look at a map of the ARCM license area you'll see that it's very close to Barrick's Lumwana mine.

And our neighbor in Zambia:

https://twitter.com/WrightmanAIM/status/1192702284112781313?s=19