RE: still optimistic3 May 2018 01:25
Hi JPS. I spoke to Luke Bryan last week. He didn�t feel able to say anything regarding progress with the RTO other than that regulatory clearances have been taking a while. I am still optimistic about an RTO being done, but it would not surprise me if it s not completed until sometime in June. Such matters always take forever to finalise.
I had previously considered Kalahari Metals as a possible target because of Luke and Adam�s involvement, but that can�t be the case now as they don�t have any assets in Zambia as far as I know; certainly no mention on their website. I understand from other people�s enquiries that it is unlikely to be Copperzone either. One possibility might be Tam Mining, but of course it�s pure speculation at the moment.
With 22.91% of the shares held by Pelamis (Steinepreis) and a further 21,66% owned through Jarvis, they have a fair amount riding on this being successful, which gives some confidence.