Member Info for Ortus

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.

Per tier 1 you mean?

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....

Nice post SH and very much agreed IMO.

We've passed technical and commercial due diligence, and then it was announced that we're in a period of negotiation for a commercial transaction, and then appointed Rothschild to manage the deal. I don't think all this would have happened in that order if more drill data was needed to influence a deal. More data would have been requested prior to Rothschilds appointment IMO.

I think all boxes are ticked and we're just in a game of chicken ahead of the EA deadline so let's see how close it goes.

The fact that it's taking so long and that Rothschilds are involved makes we wonder if the deal is going to be bigger than what some realise (fingers crossed). Surely a cheeky 20M from AA for 10% or 15% could have happened by now?

The pre listing presentation for CIZ explained that we're funded for a couple of years and my takeaway on timelines was that CE (or UK equivalent) and / or FDA approval could happen sooner than we'd typically expect due to work already performed to date. Also licensing agreements are being sought which is a potential short term value event.

We're not really on many radars yet and when news starts coming in regardless of any approvals we'll soon break free from our 18M MCAP.

It's down to management delivering now and some PR wouldn't go a miss.

My reasons to remain invested and why I'm not worried.

December
AA technical due diligence completed successfully following the 2020 drill campaign.

January
AA company level due diligence on Arc / Zamsort / Zaco completed successfully.

6 month extension granted for the purpose of "negotiating a commercial transaction".

Institution bought in.

May
Advised that Rothschilds are working on a no win no fee basis.

Another approach made by other large entity who have to wait until July.

Licenses have been reorganized in light of a commercial transaction with AA.

2021 drilling kicking off at Fwiji as per last year once AA became involved in our campaign. Suggests to me we're planning on working with them this year too.

AA have made an offer and ARCM have countered which we are currently waiting to hear about.

Feels like everything is going to plan to me.

June
We have 1 month left on the AA exclusivity and considering we've recently countered an offer and with that NvS being very encouraged by the negotiations, well that indicates to me that we're very much game on here.

With or without AA we have:

More detailed knowledge of the licenses thanks to AA's soil samples and Cu:Sc maps. Well worth the cost of exclusivity.

New aerial surveys aided by the AA data.

Funded 2021 drill campaign at Fwiji, Cheyeza East and Muswema which should / could be more targeted this year now we have a better understanding from the AA data and last year's drilling.

Scoping study for new low capex processing plant at Cheyeza East with estimated $25M free cash flow.

Open doors to other majors who have been locked out for 12 months who now know that AA have not only made us an offer but that their top Geo has helped us target the copper deposits.

We're in a great position here whichever way you look at it IMO.

Hitting copper on the first drill hole may sound like wishful thinking (because it is usually) but if the TDEM 3D model has in fact found what we're hoping for and core 1 comes back good then we could be onto something very special here. It opens the door to multiple potential discoveries over a much shorter timeframe and a lot less exploration cost.

Successful drill results and more TDEM's indicating a wider cluster of deposits will send us flying due to potential upside and I'm sure some big players will be paying attention here. This could re-rate very quickly, if the proof of concept is successful.

I'm surprised we've not had any decent news here yet but I'm expecting to hold my AMTE shares for quite a long time so not concerned. They seem to have a fair few work streams running simultaneously so news could land anytime soon.

I think Remy mentioned the potential of sending ore to Kalumbila / Sentinel during the Feb 2020 Indaba battlefield pitch. Worth a watch for anyone who hasn't already seen it.