The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
What we've known / believed to be under the ground has always had great potential. What's about to happen with the completion of the JV unlocks that potential, so we're in a very, very different position right now than ever before. Not meaningless, but incredibly meaningful. GLA
'It's certainly a disappointing way to manage things. If an rns wasn't ready for 7am this morning, there shouldn't have been one on Friday just before close'
Why? This is a very specific expectation which doesn't really matter on the grand scheme of things.
Some very demanding opinions today about the exact timing of June's ops RNS. If we don't know what's going on behind the scenes how can we assume the business aren't doing the right thing?
I hope no JV happens soon as I'd expect we don't yet have enough selling points to act as leverage for a really good deal. A deal with poor or just OK terms would strangle investor enthusiasm IMO especially in this market. We need more exploration and mineralisation hits for real 'proof of concept' first.
Only guess work, but my guess would be signatures well ahead of the deadline which imagine is well padded out to begin with.
Something relevant is that AA are big enough to fund drilling during the rainy season, so maybe the timing of the signatures isn't something to be too concerned about. AIMHO.
One of the company's for these new applications is called Tonawanda Procurement.
There's a company called Zaco Investments LLC in the US registered at Tonawanda Drive (obviously not our Zaco Ltd Co). Too random to be coincidence.
A certain ex director of ARCM is on the board of this company.
Easy dots to join with this one IMO.
The applications will likely disappear or sit around doing nothing. Just like his last application has without approval for the last 9 months.
PG
I appreciate not at width, but Fwiji logged a 7% grade last year. Let's see what the pending Fwiji cores hold.
SeisNav
1% seems low for Cheyeza oxides I would have thought they were higher than that? I think Kalaba is around 1%?
We're only 2.5 trading days out of the EA and Friday's RNS advises that we're still in discussions with AA and now other groups which is the important bit. I'd rather these discussions are prioritised personally.
I agree that something positive is needed though and I'm sure NvS knows this and will accommodate soon enough.
Considering the time it would take other parties to perform DD and make an offer, AA still have time to strike. Albeit less time and more risk the longer they wait. My point being that AA will know that they're still in pole position and that today's EA end date isn't a hard deadline for them.
Of course the real deadline for AA to buy at today's price is possibly the first drill data back from Fwiji. We have the AA data and last years results to help hone in on the deposit where we found 7% sulphides last year. Maybe this year we find the bulk of it. We're in a much better position now than we would have been without the last 12 months working with AA.
One way or another it will always be about the copper in the end, so thank you AA for confirming to the world back in December that we have it. Most kind, mwah! x
Theres more to that trade.
Trade flag ACTX / Agency cross transaction flag:
Transactions where an investment
firm has brought together two client’s
orders with the purchase and the sale conducted as one transaction and involving the same volume and price.
Although we're showing -2.6% we're actually +5% as I type this. Uncrossed trade after hours yesterday jumped our closing price artificially higher.
The company announced the extension in the original AA exclusivity RNS last July.
"During the exclusivity period, Anglo American will be permitted to conduct a technical review which, if satisfactory, may result in an extension of the exclusivity and the negotiation of a commercial transaction".
Until we're told otherwise we're currently in the process of the negotiation of a commercial transaction with AA. Now's the time to remember why we invested here in the first place which for me was the hope of striking a deal with a major mining company.
This kind of situation doesn't happen very often and we have just 2 weeks left to wait (maybe less) until we know the outcome. Manage the risk. Hope for rewards.
TAMWBG
Considering planned activities for both companies which one has the potential to have the most transformative news?
KAV confirming new targets with more TDEM's plus the prospect of hitting grades on the first drills at A2 and C1 could be huge from a 22M MCAP.
Not sure about POW. What do they have coming up?
If the Grail test doesn't detect lung cancer then CIZ would be a great partner for them to increase their capabilities.
Serious news needed, maybe.
Moreso relevant news that delivers what was promised.
Or at least some detail that tells the market why this new arrangement adds value to our MCAP and share price.
Nice reminder that AMTE are planning to launch a 2 gigawatt factory next year.
https://www.telegraph.co.uk/business/2021/06/16/ford-samsung-consider-britain-electric-battery-gigafactories/
The £500m set aside to attract battery manufacturers is nowhere near enough according to Kevin Brundish, chief executive of Scottish firm AMTE Power, which is seeking a site for a British battery plant.
He warned that more support will be needed as it emerged that major carmakers Ford and Nissan are among six other companies considering plans to set up gigafactories in the UK.
Mr Brundish - whose company has worked with the likes of Jaguar Land Rover, Cosworth and Williams on cell technology - said the Government is currently on a charm offensive to attract investment and although he welcomed pledges of support, more money will be needed.
He said: “They [the Government] have done a lot. A lot of building blocks have been put in place. The level of funding has to be substantial, and probably substantially more.”
Aim-listed AMTE is planning to launch a 2 gigawatt factory in 2022 and has looked at sites in Scotland, Northern England and Wales.
Nice buy price currently considering we were at 327 not too long ago. Did well to stay flat today looking at the rest of my portfolio and watchlists.
Has anyone attempted contact with the company lately? Wondering when any news might arrive....