Member Info for Rocktapper

I haven't seen the latest imagery but I would not expect the company to be burning trees as part of a site clearance. Cutting and bulldozing is a worse case scenario during exploration. At this stage, usually siting the drill hole a few metres over to avoid removing trees etc. is the best policy.
The tree burning is more likely local farmers or lightning strikes. Those long white lines you see all over the place in Google imagery are very often burnt tree trunks.
Large impacts on the ground aren't usually the aims of early stage exploration...that's for mining when you know what you're aiming for!

Perhaps they can use the money to pay off the Teichmann loans....? It's probably Teichmann's percentage holding that's putting the market off. Hopefully, once the plant is fully commissioned, there won't be a need to get loans or do raisings for operating costs or capital costs.

Interesting! If a little worrying!

The BoD of KIBO that is!

Oh god! When you read the EDL RNS you see just how badly the BoD is failing.

Agree that the SP should be way over £1 given the resources held and the potential gain from the tender by the end of this month. Despite the delay to the plant commissioning, the resources alone value BRD at way over its current value. The market surely has to wake up soon? It's snoozing right now!

that the lack of any detailed RNS on the project progress or indeed, the success of the court case is now part of some form of negotiation process and that the company has been required / requested to not put out any RNSs whilst the negotiations or discussions are under way.
Clearly, the 'informal' news of the result of court case has materially affected the share price and so strictly speaking, an announcement could / should have been made (unless they are waiting for the outcome of the second judgment).
So I am just left thinking as there have not even been any more Twitter feeds since 5th August (for example, pictures of core etc.) that there must be something in the way of discussions or negotiations going on in the background.
As ever, patience seems to be the name of the game...

I noted SeisNav has been doing a great job of overlaying the ARCM published maps onto Google Earth. I thought I'd add my 10 p's worth for the 2020 drill holes. The Google imagery (2020/08/16) is so good that you can make out a number of probable drill pads from last year's Fwiji campaign. I've interpreted eight here out of the nine holes reported and these make sense because there are tracks leading up to them. The imagery is that good now that you can actually see trucks parked up at one of them. I'm not saying I've picked them all correctly or that all are indeed exact drill locations but the tracks make sense and they also fall nicely within the soil anomaly areas published.
WGS84 UTM 35S
272337 m E 8675400 m S;
272854 m E 8675379 m S;
273083 m E 8675083 m S;
273535 m E 8674827 m S;
273147 m E 8675560 m S;
273040 m E 8674719 m S;
272798 m E 8674771 m S;
272429 m E 8675237 m S.
I’ve not had chance to process the Sentinel 2 data to nail the locations of this year’s tracks and drill pads so assume Seisnav has nailed them.

I was reminded about Lassonde Curves in a presentation by ORR yesterday (https://6ix.com/event/growing-the-company/).
Where do we think ARCM are on the Lassonde Curve with its various prospects?
https://kuchling.com/the-lassonde-curve-a-wild-ride/

Well said Ella. I'm not the only one with the same concerns. The silence is deafening!

Still no word on the plant upgrade and commissioning. Originally it was supposed to be completed by July and whilst projects 'always' slip, a brief update would be nice!

Has anybody here got any interests in Corcel plc? I stumbled across them yesterday. They seem to be doing what Kibo and Mast are doing with the peak power gas generators (and battery metals) - only apparently successfully and making clear progress! In fact, Align Research seem to compare CRCL with MAST in their latest plug for the company: https://twitter.com/AlignResearch/status/1420004431811186691
After ALL this time, this is where Kibo should be, surely?!

Ah yes, OK spotted the reference! Thanks.

Good news about the drilling starting. Allow say an average of 25m per day drilling progress if it's diamond core drilling. This will be quicker in the upper oxidised rocks. As for lab turnover times, hard to say unless you contact the labs in Zambia but there could be delays from covid-19 or if there are a lot of companies vying for the facilities. A great turnaround would be 1-2 weeks but it could be a month. However, you have to allow for core logging and sampling first and any other testing they might be doing on the core. They may decide to wait until several holes are completed before sending a larger batch of samples for analytical and cost reasons.
I'm puzzled as to why there has been no mention of the 16th July loan note expiry deadline and the situation with Casa.

Has the feel of 'people in the know' rushing to get in before an announcement...

Agree. It's 14 minutes you'll never get back!

At the risk of sounding a bit gloomy, the lack of a mention of the deal (with AAL) reminds me of the situation with CGNR and AAZ earlier this year. Investors had been 'baited' in anticipation of the completion of a deal which was drawn out for months. Eventually, when the announcement was made, CGNR turned around and said they'd stopped the negotiations with AAZ and were pursuing a deal with a Turkish outfit! (You couldn't make it up!). So the duration of the wait kind of lends one to think along those lines although I am sure that this kind of move wouldn't be made by a better BoD such as we appear to have at ARCM.
Roll on the middle of next month though and hopefully everything will become clear.

that someone is trying to build their holding to over 10% to enable them to call an EGM ?
Or that the price needs to go up in order for the next cash raise to take place at a price level that doesn't require the number of shares being issued to go beyond the board's current issue limits?

Well yes, there is that too!

It seems one option that is not being considered is the potential to liquidate Kibo once the three coal project assets have been sold off and then return the money to us long-suffering shareholders. If memory serves correctly, the value of those assets is down on the books as about £ 28 million. If that price was realised, it would mean about 1p per share could be returned to shareholders. If more is wangled from the purchasers, then that could be more per share. The coal resources alone would have some value in an overall negotiation.
As Jax pointed out, selling the coal to power projects basically sets Kibo back to zero, despite of the potential for these new 'renewable energy projects'.
It can be argued that Kibo is at the stage it is after a very long time 'battling away', one has to argue how much longer would it be before the company sees any returns and returns which could be passed on to shareholders?
I'd consider that following the sale of the coal-to-power projects, liquidation and passing the proceeds back to shareholders should be an option.