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Maybe not required for us to get new Shares. AA could JV at project level into say Handa leaving other licenses for us or a subsidiary could be created i.e Handa Co' which AA could buy 50% for a cash consideration to ARC.
Could be wrong but dont see us getting new shares in a new company unless those shares ar AA shares as part of a deal.
Apparently they do it quite often and then grant a waiver but your are correct it cant be great for foreign investment, and doing it the week of Kamoa-Kakula maiden production is just stupidity. Also any supply disruptions in a tight market will have ramifications to copper price.
I think peeps need to avoid price targets here and look at news/milestone targets. JV news would be the start, JV just means we get money to drill, drill and drill some more and that in the event we hit something big, it gets financed. Early indications are that we potentially have multiple large deposits, if we can prove Fwiji and Cheyza are likely that in the upcoming drill season then valuation is anyone's guess.
My point is not to get distracted by the share price, we've been sitting between 6p & 7p for what feels like forever (its actually not been that long) as and when 12p & 15p do come it will feel like a good result, but dont sell the company short if we've barely scratched the surface drilling yet. The upside will come soon enough.
Personally optimistic a deal will be done prior however not fussed if it exceeds slightly as long as accompanied by something along the lines of ‘deal agreed in principle with final figures to be agreed pending latest drill results’
It’s extremely likely AA will have boots on the ground at the drill site regardless of if deal is done on time.
Drilling to commence this week I believe so once the bit starts turning would expect enthusiasm to gain momentum.
I doubt AA with their connection to NvS and with Rothschild at the table would be ‘mucking’ them about per se, but do agree that a potential offer was too low to begin however this is to be expected in any negotiation.
It’s all a part of offer/counter offer and the drilling may be a way of NvS really tightening the screw.
Regardless of the money aspect I’m very intrigued to how it plays out.
Personally think a transaction in principle is agreed so it’s just the details now to be sorted.
With regards to licences I mapped out changes (see below link) to me it appears the afrimin is the relinquished area. Zaco now holds Fwiji as the main target so could suggest that Arc can wrap that up in a sale. Handa (formally part of Zamsort) holds cheyza, muswema and lumbeta so potentially a JV on this. The remaining targets are all fringe targets.
Just speculation on my part but looks like fwiji can be sold very easily on its own and handa kept for JV as these are where al the action is taking place.
Time will tell but no mixed feelings here. NVS has got us in the end zone and Rothschild are here to finalise the touchdown.
https://twitter.com/roweoliver/status/1381526728166805504?s=21
There’s a 1000 reasons to sell and only 1 reason to buy.
If your a big holder liquidity > price. Slicing in a region where buyers are is a smart move if you want to bank some profit if you 100% up and need to reallocate risk regardless of outlook.
Or it could be Mr MM selling down.
Either way some of the best shares I’ve been in I’ve seen big sellers exit at lows before big moves up.
Personally wouldn’t dwell on it, the selling itself whilst evident is not aggressive and not someone who knows something running for the exit. It’s just a lumpy bit of stock sat on the ask, when it goes I’d expect a very brisk move north.
People getting frustrated at the BOD for not uploading the call quick enough for them ? i mean come on they've got bigger things to concentrate on. Anyone selling due to that is not a shareholder we want.
People need to calm down, we are still well within the EA and anyone who listed to the IC know there is a lot going on with multiple work streams.
There is clearly a seller present as there's been ample stock available and every rise has been sold into but that's just part the life cycle of a share, you would rather them cleared prior news.
Bottom line is chill out and let Rothschild and the BOD get on with things.
Yh i thought it was CE ore into Kalaba plant but SS would therefore be based on CE but suppose its nit picking and as long as its got great economics and does the job it doesn't matter. Think today will be very interesting to say the least. Last IC was positive with not much said and it still started a near 80% rally in the following weeks.
Scoping Study actually due any day now as per the last investor call they said it was being fast tracked. Investor call was 15th of Feb and they stated a couple of weeks to finish metallurgical testing and then 2 months from that point to complete scoping study which puts us right to today basically. Would suggest no further drilling was necessary as it was based on the Cheyza East ore.
Would think we would find out a pretty accurate timeframe in todays IC and i'd suggest re listening to the last one for context prior.
It’s a shame the negativity that some people have here when news of BOD engagement is released.
Most aim companies avoid talking to shareholders at all costs. We have a experienced bod who are happy to talk face to face (via zoom at least) and answer difficult questions.
Some holders don’t deserve this bod regardless of the outcome.
Also Directors will not be able to buy or sell currently as we are in sensitive negotiation period (closed period). I’ve never subscribed to the ex director selling as the trading volume hasn’t shown it IMO.
Boredom sellers and traders only which is great. The cleaner the shareholding register the cleaner the rise.
Today’s news shows activity in the background. May not be news prior but there will be plenty to talk about. Should be a fun few weeks