Member Info for Ortus

I think you're referring to the 40kg that was sent for analysis to feed into the scoping study. It's due around now but it's not something we'd expect a separate update on.

Yes Ben mentioned a mini farm-in for the drilling company. The discussion regarding bigger partners was to provide an indication that a project like this would normally require a bigger company with deeper pockets than KAV to keep drilling until they hit something. But the tech being used will hopefully save all that cost, time and the need to give too much away too early. If the first drill hits decent grades this will go crazy, since not only will it indicate they've found a potentially decent deposit but it will validate (to a greater degree) the method and any other targets found by the TDEM's.

Thoughts regarding the Kalaba mining license removal.

I think the small scale mining license (8248-HQ-SML) at Kalaba expired in 2024. With the new Handa subsidiary it may now be possible to create new and / or larger mining licenses over the area with a fresh 10 year term. Very helpful with a scoping study pending release soon.

D220

"Of equal interest to me in the webinar was the explanation Ben gave for why the 80's (?) drill by the Canadians did not find anything."

I liked this too. Significantly, the new TDEM model successfully predicted that they shouldn't have found anything at those old holes. This gives us more confidence that the new positive identification made is something that has to be drilled.

I think you're referring to the 40kg that was sent for assessment. This will be for the scoping study and I doubt something that will be announced separately.

The webinar last night really was very good. If the drill data validates what could be an accurate TDEM model of a large deposit then we'll have a much higher level of confidence so much sooner than other typical exploration projects.

"Demir Export has appointed consultants to facilitate carrying out work on the ground in Ireland"

A good sign of intent from Demir and evidence that it's still very much game on.

The costs have been communicated

That's how it looks to me Hypermarlin. Unless there's a large sell that's not yet been published.

"Demand for cell manufacturing, however, is expected to surge in the next four to five years. It is not enough to have one or the other – we can’t focus just on gigafactory creation without being strategic about new technologies. So in parallel, the UK must exploit and commercialize the wealth of new battery technology developed locally".

“At the moment, the Envision AESC facility in Sunderland is the only UK facility manufacturing lithium-ion cells at scale (2-3GWh). AMTE Power and Britishvolt have both announced plans for UK-based gigafactories that will help supply local products to the UK automotive sector,” added David Stewart, engineering director, research and innovation at HSSMI.

https://www.enginetechnologyinternational.com/news/report-calls-for-rapid-action-on-uk-battery-manufacturing-capacity.html

https://www.pressandjournal.co.uk/fp/business/3143422/thurso-battery-manufacturer-to-meet-uk-gigafactory-shortage/

Dickie3times do you know your potential CGT exposure from everything in your trading account? Considering the current value of your portfolio in there, are growth scenarios likely that could push you above the threshold? If so I'd consider moving to your ISA now. You'll be able to lose today's losses against other capital gains.

Or yesterday's close of 13p?!

Also we appear -23% because the opening price being used is 11.5p instead of 10p

Dummy trades via HL gives a 3.4% actual spread.

I raised this question about CGT a couple of weeks ago.

Just because the shares were delisted it doesn't mean they have zero value. Unlisted companies have shares issued too and they're subject to CGT.

I'm not 100% sure but the most logical outcome to me is that CGT will be relevant for profits above the value of our holding when we delisted.

It's easy for me.
The fear of losing every penny of my investment in CIZ is tiny compared to the fear of missing out on the 5 / 10 / 20 + bagger that this could become.

A few people have asked how to get their shares back in there ISA. For those that are unsure, If you want to keep hold of your shares or not lose money then you need to be very careful!

If your broker is offering Bed & ISA then ask what kind of protection they are able to offer to ensure your shares remain yours. When a Bed & ISA takes place your shares are sold and immediately bought back again. With HL they explain that the shares are effectively held safe whilst in transition. I'm not sure how other brokers work. You don't want to lose your shares if the broker can't buy them back at the same or similar price (or not at all!) due to buying demand on the day.

Ask about the fee (or equivalent cost if you end up having shares deducted to cover the fee).
Check that you won't be paying the full spread to buy the shares back in your ISA. HL charged me around £50 worth of shares for a Bed & ISA for which the spread would have been several hundred. Check in advance.

Biggest risk could be a DIY Bed & ISA.
If you sell your shares yourself it will take a few working days to get that money into your ISA. This is because the money showing in your account from shares you sell isn't actually there until 2 days later (your broker makes it available to use to buy more shares, but it's not actually there so you can't transfer it - I assume this is typical for all brokers?). Those 2 to 3 days could mean losing out on a couple of hundred % on a newly listed share with possible news incoming.

Another option is to transfer additional money into your ISA to buy on the day, and then sell from your trading account afterwards. Great if you have the money to free up temporarily.

With a DIY Bed & ISA you will be paying the spread which might be very big on day 1. Check what you can buy and sell at before doing this and decide if you're happy with the cost difference.

It might not be easy to buy or sell on the day (too much demand to buy or too many sellers).
If you manage to buy in your ISA before selling from your trading account and the price then goes up then great as you have twice as many shares and you can sell your trading account shares at a profit and cover the spread.

But if the share price drops after you've bought in your ISA and you can't get a quote to sell then you'll be losing on two lots of shares plus the spread by the time you have a sell quote to offload your trading account shares.

For me I'll be using a fresh pot of money in my ISA to buy CIZ if the price is right and if the spread isn't crazy big. I'll decide later what to do with my shares in my trading account.

I hope that's useful to anyone that was unsure.

ARCM hold 72.5% Zaco and 66% Zamsort (I think that's the latest) so natural to want to add to Zamsort as a priority.

Hi Kully

Regarding the licenses I think Zaco has remained unchanged because we're not close to renewal time there so no need to do anything. Also Zaco only hosts one of the top 4 priority targets in Fwiji, and Fwiji has its own exploration license within Zaco (1 of 3) so it's already well packaged for a deal potentially. I too think Fwiji is AA's number 1 priority.

Zamsort licenses changed (at least in part) to accommodate Zambian mining policies for license renewal but add to that readiness of an Anglo transaction as per NvS's comments yesterday.

So many possibilities here and a combination of target acquisition (Fwiji?), partnership (Muswema / Fwiji?) and our own production (Cheyeza East) could all happen. Or something at company level. We'll hopefully find out soon.

Regarding drilling I heard 2 rigs kicking off at Fwiji in the next few weeks and then onto Cheyeza East which seems to cover June. Airborne surveys are covering Muswema which will be used to adjust the plan when this data is available end of June. Maybe Muswema will be drilled July onwards.

Big summer ahead!