Member Info for PheasantBoy

Tingo has restarted trading on the US OTC markets at between 1.5 to 2 cents a share. Just for info. My money is with Anglo buying into its good leavers who own licences Anglo used to.

GLA.

Cheers Seis. My googling suggested tourmaline veins can be associated with copper and gold. We'll see.

For whatever reason, the tweet seems to have been deleted. But here's what it said.

AlbyTross

@Alby__Tross

And it seems there could be tourmaline quartz veins in the #arcm area near mujimbeji. Can Nicky boy deliver the near impossible? Preferably this century... twitter.com/Alby__Tross/st…

This just posted on Twitter. I have no idea if it's relevant, good, immaterial etc...though am hoping you'll have a view....:-)

https://x.com/Alby__Tross/status/1763868018965184873?s=20

Having had a deadly cholera outbreak in Zambia, now a drought. The poor buggers. Reuters quotes the President saying copper mining affected so manage our expectations....

https://www.reuters.com/business/environment/zambia-plans-import-ration-electricity-due-drought-2024-02-29/

Thank you

Hello Seis - can you please explain the results for simple folk like me? I could be reading a menu in Chinese and understand as much! Are we looking at encouraging, very encouraging, extremely encouraging etc or potentially promising...whatever, some insight would be appreciated. I still believe that Anglo had a very good grasp of what's in the Arc licences given they owned them and their 'man' in Zambia/southern Africa David Wood has spent a lot of time in the region looking at copper resources. But some feedback on the historical assay results ahead of actual latest drilling results would be good to know please!

Drilling season starts May. Frustrations, delays, bureaucracy and possibly some poor comms but the sheer scale of the opportunity remains untarnished and in Anglo, Africa's biggest miner, we are fortunate to have a world class operator.

https://www.miningnewszambia.com/anglo-zambia-restore-relations/

Thank you Fulmar - thought that was the case. So until an 'as yet' public moment occurs, the increasing number of references to AA, Zambia, Govt ministers and 'interesting' comments are all directly related to the Arc JV. Sounds positive to me. Cheers all.

Question for Fulmar - or anyone who knows. Has Anglo publicly declared exploration areas in Zambia outside the Arc agreement? Some posters say they have but I can't find any reference to any other AA Zambian plans? Any factual repsons appreciated. Thanks

a bit of a silly comment tnr. the cash to arc is £3.5m but the commitment to c£70/80m of exploration costs - and associated management time - isn't trivial to aa or indeed bhp, rio and any other miner.

c£100m overall commitment is meaningful and clearly suggests that, subject to quality and quantity of any discovered ore bodies, there is a significant development investment on the cards.

i understand your - and some others' frustration - but to isolate the £3.5m figure without the actual key context, is plain stupidity. i can't be ****d reading your comments any further despite the entertainment to be sometimes derived.

Many possible scenarios Fulmar but you could reasonably think that Anglo, having committed to the Arc transaction with such a meaningful investment, sees the transaction ultimately going their way by acquiring a company led by a former Anglo exec who is help in high regard by his former employer.

Https://www.businesslive.co.za/bd/companies/mining/2024-02-07-watch-anglo-eyes-zambia-lessons-for-sa/#google_vignette

Indeed

Fulmar - you do get a lot of grief from half a dozen determined naysayers nut you also seem to post credible info. As some others keep saying, it's all down to the copper in the ground and as holder of AA as well, I'd be surprised (extremely) if AA's significant interest doesn't bear fruit in due course although perhaps longer than some/many would like.

Anyway, I checked out the Galileo pages and there was an interesting from the share board with a new angle which appears substantiated.

"FYI for those in ARCM, Jubilee and various Zambia copper explorers - India is sending a delegation to the country to seek out opportunities - including several majors. Would argue there will be at least a couple of JV deals soon when companies don't have something in place yet.

So you can now add India to the growing list IMO. Interesting."

And here's a link to an Indian paper.

https://indianexpress.com/article/world/india-zambia-industry-delegation-copper-mining-opportunities-in-zambia-mining-projects-copper-minig-9120883/

Western, China and now Indian corporate interest. Bots and Zambian licences both have attractive if not potentially compelling attraction...

Didn't know about Bumi but googled it to see that Nat R lost out in the spat and here's a clip form the Times:

It is understood that several large London institutional shareholders have signalled support for the current board for the time being (in the dispute with NR).

He is also well regarded by AA from his days there which to be fair is stating the obvious given they have paid handsomely to buy back into assets they used to own and with their former colleague at the helm.

I am Craig and have been topping up over the year. Too early to call on why or iff/how the FD's departure will affect the company and its plans. The objective at float in Dec '21 was to drive growth five fold to c£100m mkt cap over the coming years. Current worth is half of float but environment against it. I'm down but the potential upside in 3/4 years if even £50m cap is achieved would be satisfying and lucrative. Good luck to our company

Thank you.

Does anyone know if it's still happening please? Just logged on but nothing there?

There won't be a counter bidder. Anglo and NvS will reach an amicable and equitable agreement I feel. And hopefully at many multiples - I'm holding just shy of 3m of the buggers!