Member Info for Rocktapper

Excellent Q3 results but they should be using some of that revenue to pay down the Teichman loan. But really good to hear the average Q3 price and average 2021 prices paid are so high. Roll on the final commissioning of the plant this month.

I haven't subscribed but here's the link. It's dated yesterday.

https://*********************/companies/uk/kibo-energy-plc/research/hybridan/hybridan-research-kibo-energy-plc-04-10-21-landmark-waste-to-energy-plant-and-strong-progress/14_9a8787cf-e6de-4a13-832e-2aa62fdffeaf?partner=lse

Ah, I see what LSE did there. It's on research tree dot com with a dash between the research and the tree!

That was one of the scenarios I considered. In which case who might have been pushing? Shareholders or LC or just the fact that they no longer agreed with the way things are going? Or something completely different!

Very interesting that Mr. Maree and Mr. Kerremans advised the Board that they were withdrawing their candidacy for re-election as directors before the AGM. Somewhat unusual and one can only speculate about the reasoning...

Spin...rinse...repeat...

Wordplay seems to be the only thing we can do whilst waiting the days, months, years for the 'grand strategy' to add value to the old canine quadruped.

Jax, there's at least two four letter words to be made out of contemporaneously that match your description...

Here's a link to the RNS released this morning:
https://www.londonstockexchange.com/news-article/KIBO/funding-update-uk-waste-to-energy-project/15145709

I do wonder how institutions are still willing to fund the BoD given there have been few tangible projects realised within KIBO and that any that are seem to get spun off. This will no doubt result in yet more dilution or debt. We just have to carry on with waiting to see what transpires from this latest 'strategy'. Still no choice on what to do as still £30+ k down....

That was the point I was driving at. And 'asset grab' seems to be appropriate. The revenue from the last diamond sales could have made a dent in the loan. Agree, a further raising would have been cheaper. The note at the bottom of the AGM document implies that Teichmann still have a right to make an offer for the company even if the right is deferred at this time.
I've said before that the scheme to upgrade the processing plant doesn't appear to have been planned well but accept that some things such as the riots in S.A. are outside the company's control. But the need for either raisings or this loan has turned the project into a money pit. The loan deal was awful and forces the SP back down to around 40p which is where it is heading.
This is a diamond mine with an in-the-ground resource value of well over US$150 million and the BRD current market cap. is £7 million. The whole deal gives Teichmann the opportunity to take the asset / mine for a 'song'.

You would have thought that with all that Tindall buying, the SP would have risen significantly. Instead, the MMs prefer to keep it in the 60's making it 'easy' for them!
Be careful what you wish for: at 10 % they can start asking for things like EGMs and propose resolutions such as board changes - something which could really upset our beautiful apple cart. Personally, I'm a bit concerned.

The reversion to the use of the coal fired powerstation was as much down to the cost of using gas fired stations as coal was cheaper than the imported gas whose price has risen sharply over the last few months (which we will all be finding out in our gas bills shortly).
The gas price obviously has potential to have an impact on the MAST business model or at least the IRR of the projects...

Having said that, at this precise moment in time, it seems impossible to read any RNS news through LSE! Fingers crossed that comes back at 7am.

Two mantras:
'Expect the unexpected' and 'Nothing is impossible'!

Yes, it's struck me from the 'start' of this that even in Google imagery, you can spot areas of potential gossan / copper / iron oxides and that's without going off and processing Landsat or Sentinel imagery (which I could do but haven't spent the time on). The Google imagery actually gets better and better as they up-date increasingly frequently with improved resolution imagery.
In terms of backing up the company story though, it's the drilling that is the key and I think everybody is getting a bit impatient for the latest drill results or the outcome of the scoping study! But then that's exploration!

I think you may find the geology from the Zambian Mining Cadastre is the same - or there abouts so you've probably already done this - sorry about that! One of the main points to draw from the exercise is the generally good correlation of the Cu anomalies with the Lower and Upper Roan contacts and the interpretation of potential faults, some of which will have controlled the mineralisation / deposits. When I first put it together, I was surprised at just how good the spatial relationships were, given the scale of the mapping etc.

Hello SeisNav:
Plug this WMS server address into your GIS and check out the regional geology within ARCM's area in Zambia:

https://aws1.flexicadastre.com/arcgis/services

If you overlay the ARCM maps of the soil geochem results, you'll see a generally good correlation between the Cu geochem anomalies and the 'mapped' position of the contact between the 'basement' Lower Roan Basal Conglomerate and the 'Mine Series undiff. Upper Roan...' shown by this geological layer. Note the Lower Roan Basal Conglomerate is well mapped by Cu lows in the geochem data, particularly in the high resolution map of your latest Twitter post.

It's not perfect but general and the Fwiji anomaly and drilling is about 1.5 km further away SW from this 'mapped' contact - possibly showing issues with the generalisation / scale of the mapping.

You'll also note that the anomalies broadly follow what might be interpreted as fold axes from the basement folds (or at least changes in strike direction) in the Lower Roan (this is something mentioned in the company's RNSs somewhere and in other academic papers). The possible structural control by N-S, NW-SE and SW-NE faults / lineaments, some of which may be related to the basement (deep) fold axial planes, is also shown quite well through the 'original' XRF soil sample copper results.

It's worth overlaying the licence maps with the regional geology to demonstrate how much of the Lower Roan Basal Conglomerate - Upper Roan Mine Series contact is covered by ARCM-controlled companies in this area.
Once these are put together, it's hard not to appreciate the scale and potential of the copper occurrences within their regional setting - something which probably hasn't been pushed as much as it could have been - I haven't seen any evidence for this on the ARCM website which is pretty information-poor.
I've had time to check Kafue Copper Ltd. as yet though.

It would be wise to read the documents provided by the company ahead of the AGM and understand their implications - e.g.
https://www.bluerockdiamonds.co.uk/files/20210901ProjectTigerWhitewashCircular-clean.pdf

Rocksteady: have you written to the company to seek a opinion on this? It could serve you better than speculation here...

Our chance to try to pluck off a couple of directors!
If only a group of PI's with a total holding of over 10% could get it together to call an EGM following the AGM with the resolutions to remove the rest of the board and replace them with more pro-active directors who might be able to salvage this **** show?
Whilst they're at it, move the HQ / company registration from Dublin to London!