Member Info for Ortus

Not much available at this price today.
Once gone the next lot available are at 3.8p so expecting a decent day.

I see Midatech's RNS today is talking about RTO'ing out some of it's assets. The link between us being IFC / Tim Metcalfe.

I looked at this a while back and think I concluded that the tech isn't aligned to early cancer detection, but thought I'd share in case someone knows more.

Hopefully unrelated and we're heading for TILS.

The October sale was from ore taken from Kalaba itself. There's been no decision to further process Kalaba ore.
The potential of future sales is based on Cheyeza ore and this hasn't been put in place (or at least not yet announced).

Now Anglo are involved I'm assuming processing our own ore is currently considered not necessary. Instead of mining low depth oxides I imagine we'll be drilling to discover deeper sulphides at Cheyeza, as well as Muswema and Fwiji.

Expecting news to hit before the call.
They won't be having a Q&A session without any new drill results to talk about, the same results that made Anglo want in.

Ditto

I don't think so considering they've recently raised plus the promise of pending asset sales.

We need some good news.

Is going to be very interesting here.

I imagine ARCM is being closely monitored by many waiting to see if there's a drop after last weeks activity, but since we're holding up well (quite rightly) I can see them having to bite the bullet and come in over the next couple of weeks or miss the 3's.

Last week's news alone is enough to keep this going at a stable rate over the summer to well exceed last summer's 5p, but I think we're close to exploration updates that will reveal why Anglo wanted in and then we'll be truly flying to new levels.

Such a massive opportunity here and should be double current SP.
GLA
DYOR

Thanks for this

Elements outside the company's control most likely meaning what's going on with the target company.

If TILS then we could know within the next 2 weeks, and maybe back to trading very soon.

I'm feeling more positive about this now.

My outlook is simple now

AA believe we have a tier 1 asset.
ARCM know we need to prove with data in order to increase sale value.
In 6 months time AA lose exclusivity and will be forced to take action to avoid competition.

Conclusion: If results confirm AA's expectations they will take us out during this years campaign at the right price.

Apologies for posting what may be obvious.

I feel that the BoD are playing an absolute blinder here.

Yes agreed Fulmar I didn't mean it so literally or as something negative. It's wonderful to have AA come back to reclaim something they probably didn't want to lose in the first place. I'm sure they won't let it happen again.

Fwiji was AA's 3rd ranked target out of 22 (I think).
So yeah I think they've influenced this.

It's interesting to me that AA left Zambia when they did, and then an ex AA man (NvS) takes on the licenses, and now AA are interested once again in Zambia they want it back. Have ARCM always been caretaking this for AA?

BOU filling update today on Companies House for Allan Syms. Change of service address to the companies registered address.

Must be for a reason and a bit coincidental it happened on the TILS AGM day. Maybe, maybe not.

Wooooooow!
Here we go!

Fulmar, we seem to have the same thought process here I was thinking the same about an NDA being the reason for Muswema results not being published yet.
One reason for suspecting FQM, is that Remy said as much during Indaba ;o)

Muswema, it's interesting that known 'massive suphides' haven't been reported on in more detail yet. I reckon FQM are in the mix here somewhere. I'm also usually wrong.

sta60

If you look at the 2019 maps you'll see Fwiji is missing from the license. The Zambian Mining Portal shows the details of when this part of the license become affective in 2019. I imagine there was some kind of agreement in place to make sure Fwiji was secured for ARCM but maybe they weren't allowed to work on it until formally part of the larger license.

I find the decision to kick off at Fwiji interesting, especially when we've hit sulphides at Muswema.

The Fwiji part of the license area was acquired September 2019, so fairly recently. Now is the first opportunity to drill here it seems and considering Anglo ranked this target so highly makes me think this could be something to get excited about.

But what about Muswema?
With such a large area covered by our licenses I imagine there's more than enough land to split up as separate projects. I'm wondering if some kind on major involvement is in the making for this particular area and maybe this is one of the new exciting developments we're waiting to hear about. Maybe Cheyeza is in the mix too.

Imagine.
Muswema JV
Cheyeza East processing own oxides
Fwiji exploration program to further prove the license

Not a bad year :o)

SP more than doubled last year based on oxide results.
Now we're off sulphide hunting at deeper depths, decent finds should have a bigger impact.
If the quality of oxides indicate potential quality of sulphides further down which I believe is likely, then something very interesting could be lying below.

Luckily IAMGOLD may come in to stimulate the SP by announcing Boto mine commencement, due mid year so anytime now. At such a low MCAP this could have a big impact here.

I agree max19 lots of guessing but without that the board would be a very quiet place at times.

However my post was made from piecing bits and pieces together and I do feel next week will be interesting, so more of an educated guess as I have my reasons.

GLA