Member Info for SeisNav

Lekka, thats the point, there are multiple projects here and if any one of them comes good then the share will re-rate. It's already way undervalued based on similar companies and I think the fact that Mr Packwood has seen the potential here means others are more likely to do the same. He's buying near the placing price and with quite a bit of cash in the bank. Lots of potential upside.

Art turns up whenever there is any good news and talks it down because he's a trader and he missed the boat yet again. You will know when he puts up some money here because the ramping will begin. Ignore.

Because I know you love it!

He’s still buying 😁

As I said, it's exactly the same, David Wood even said in the video that these leaching processes have been measured for hundreds of km across the Domes, so the same thing that happened in the Trident area is also likely to have happened on the West side of the Kabompo dome. Just work out the square km of the license area and you can figure out what the potential for copper metal is.

I think there's a bit of misunderstanding about what David Wood is saying in that video. He's only talking about the trident area, which is about 50km x 50km. The Lower Roan is typically 500m thick across the whole area and he's saying that leaching of copper could potentially take into solution 30 million tonnes of copper ARCOSS THE TRIDENT AREA. So there is potentially still a lot of missing copper within the Trident footprint to be found. The same thing potentially applies to any 50km x 50km area across the whole of the Domes region, including Arc's licenses.

It's about 1km crossline and 500m inline I believe. That's much lower resolution that FQM collected for the Trident area, which was 300m x 300m spacing. As David Wood wrote in his paper:

https://www.researchgate.net/publication/315804896_Using_Multi-Element_Geochemistry_to_Map_Multiple_Components_of_a_Mineral_System_Case_Study_from_a_Sediment_Hosted_Cu-Ni_Camp_NW_Province_Zambia

"The ~23,000 samples in this data set took 12 months to collect and assay. The total cost of the survey, including labor and assay cost, was US$885,000 for an area of about 1,900 km2. The total cost of the geophysical data used to help create just the lithology map was US$1.8M and does not include processing time and geologists’ time for mapping. The geochemical data were collected at a spacing of 300 × 300 m. Down-sampling of the data demonstrates that the patterns in the data that are indicative of mineralization processes would still be very obvious even at a sample spacing of 1 × 1 km. Indeed, a deposit the size of Sentinel still shows up very clearly on this sample spacing. A 1- × 1-km survey over the same area would have cost less than $100,000. It is better to define the footprint of the system and then look for the orebody within that footprint."

I’ve clearly rattled someone’s cage, maybe they don’t like people talking about the priority discovery which adjoins Arc’s IP anomaly. Strange that.

I do wonder what line of attack they will take if the Botswana assays confirm that the mineralisation is a continuation of what Khoemacau found at the "priority" discovery right next door. If that is confirmed it would be longer than all of the other discoveries they have identified so far, and shallower too.

I certainly wouldn't be concerned by a handful of trades, it's likely short term traders seeing another opportunity elsewhere. TYM attracted a lot of interest on Friday so probably pulled a few punters from here. No big deal in the scheme of things.

As someone who posts on all of Colin Birds companies you are on very thin ice calling into question anyone else's investing credentials! Also you have already been proved wrong so clear off.

It looks like my hopes have been answered... Mr Packwood has increased to 4%

There is a big seller. It's been happening for weeks.

The share price will never rise with an active seller in the market no matter how much interest there is or isn't. They will just increase the sell rate if there is more demand. The only thing that will change is how quickly they get done with selling.

Yesterday the Konkola West license area was updated for the license renewal, today the Mukai area had been updated. Hopefully a sign that things are progressing.

There's still a seller offloading shares but now there is a buyer taking them too. Obviously there's not going to be any significant move upwards while thats going on.

Mr Packwood obviously sees an opportunity here, with drilling expected on multiple fronts over the coming weeks / months and the company recently cashed up and more cash to come from the FQM JV. Let's hope he keeps buying and attracts the interest of a few other bigger players.

Interesting to see that Sibanye has reduced its target for PGM's for next year by 200,000 oz due to restructuring its US operations which are loss making at the current basket price. If a few more players start to follow then we might see more pressure on the supply side

https://www.miningweekly.com/article/sibanye-to-further-restructure-its-us-operations-posts-loss-in-challenging-commodity-price-environment-2024-09-12

I guess this may be whats driving the recent increases in PGM prices. The basket is at its highest in about 2 months.

I don't really understand what that's got to do with anything? The company and it's projects aren't changed by the people who invest in them!

I don't know the status of Thutse 2 although from the satellite images recently I'd say it's well advanced if not complete. It might be worth remembering that they didn't report anything on Thutse 1 until it was already operational, not just constructed.

Rant away though.

You must be really thirsty, walking around with that empty glass all day Sumo.