Member Info for Shorn

paraphrasing...
Large investment institution have made contact and others will follow - NvS mentioned that the upside of this JV for ARCM is such that for large institutions it could represent an excellent opportunity like others e.g Greatland Gold...

John Meyer comment - he hasn't seen such a large major in a deal like this with a minor exploration company "ARC" in his career...
He also asked what is it about the location that particularly attracts AAL ?
Are they looking for another Sentinel et al...

aprogerson
A big thanks - you will not remember my first question some time back "why is it so quiet..."
Thankfully you took the time to fill in some of my research gaps and consequently i bought and continued to hold.
As i see it...
-> success will be down to the drilling (which will start quickly because of the season)
-> well funded upfront so no dilution
-> small cap with JV share in 30% of drilling outcomes
-> still in discovery stage (potential bags to come)
-> jurisdiction as politically sounds as it could be
-> entering an inflation era where known resources are declining (macro economics help)
-> folks what else am i missing here ?
ATB Shorn

fulmar29 - i listed for quite a while - i don't how many times & ways he said it...

"We want to do business with the private sector mining companies..."
"Zambia is open for business..."
He repeated it so many times - no doubt that will further remove the concerns faced a year or more ago before the change of the government...

BizzyLizzy
mmm Maybe - after all the "other non-target assets" in place before the BR purchase were held by XTR on LSE...
Hey i could be way off here but those assets could then trade going forward the very next day following a take over of XTR and it's target asset (BR)...
Defo open to discussion here, just my musings but it isn't totally out of the ball park.
Face it CB's doing house keeping and keeping radio silence - in my experience this doesn't take a rocket scientist to join the dots, particularly when you know the timings on site are heading to the point of opening discussions / negotiations...
IMO ATB Shorn

Andrew4444
When we sold / exited and had multiple assets and company holdings / structures - there was often a great deal of company - structural "house keeping" before any EA was agreed. We knew from the outset that the target was different to the other separate assets - so we often had to transfer them to a new or an existing alternate entity...
IMO ATB Shorn

howezap
Totally agree with your statement...
"It is a given that Anglo would want to be party to all the data on which to base their decision, before the market is made aware..."
In my opinion (having gone personally through multiple sale / exits to private equity over the last 20 years - not in mining) the market will be not made aware of initial discussions - the first you would hear through an RNS is one of the following...
-> Anglo are engaged through their option agreement (as howezap describes)
-> XTR take the decision to mine
-> Anglo are not engaged and an exclusivity agreement (EA) has been signed with a named Major (Newcrest for example) pending DD findings

To me it makes no sense to try and squeeze a bit more out of the SP now with further incremental data releases, when the real nugget is a "deal" announcement.
Do we really expect CB to announce he's calling AAL next week with a data pack ?
Silence is hard for us LTH's. But if i was AAL, Newcrest, et al - i would want to be in the know of the fullest amount of data, and come off the fence before CB sings to the market...
This deal will come out of the blue and CB will say he was silent for benefit of the LTH's and the SP they now enjoy...
ATB Shorn

I see absolutely no reason to be telling the market about pre-negotiation discussions, and absolutely why there is radio silence with respect to BR.

Hi Bladey - you have a link / invite for the Telegram group ?
ATB

SeisNav - i need to re-listen then as i didn't remember that, thanks for putting me straight.

NatCoalKing - good find,
First time i have read other jurisdictions specifically mentioned...

"Jubilee is focused on South Africa and Zambia for now, but Coetzer hopes to move into South America and Eastern Europe, where there are numerous discarded dams."

Greener101
That's my take - invest or be taxed...
All the stars are aligning for a very positive SP increase

MPO818
I am not concerned and i'm not selling - and i know exactly what he's doing.
i simply keep asking the question so that the trail of messages results in folks seeing that he's not invested and that he's de-ramping for his own gain. I have seen this done on other BB's that i am on and it works.
Ignoring him leaves his point floating.

JamesSimon
Thanks for your insight, and suggestions of where else to invest - so for the (i have forgotten how many times i have asked) what is your interest in JOG ?

DropD
Oh yes Saturday morning, together with Laurel & Hardy, and Flash Gordon.
Looking forward to the Vimeo of washed coal pulling out of the station...

gus0
Do we have any sense of progress with any BOR suiters since they re-started their search ?
I have shares in another land based mining (copper) explorer and they said they are in discussions with 3 interested parties (didn't say anymore than that...) - it certainly is helpful to know these facts as a shareholder

Same for me on Barclays platform...

Adam Wilson, Chief Executive Officer of Bens Creek, commented:

"As announced on 15 December 2021, part of the Group's existing strategy is to evaluate prospective lease and royalty arrangements on neighbouring properties and to invest the recently raised capital into an expanded reserve base. The Board is pleased to enter into a sub-lease agreement on a neighbouring property, especially with an affiliate of Integrity, one of the leading met coal brokers in the US and the offtake partner at the Group's Bens Creek site. The Board believes that this asset will bring potential additional production within three years and will significantly add to the reserve base of the Group. In order to accurately define the increased aggregate reserve base across Bens Creek (Operations) and the properties covered by the new lease agreements entered into with both Star Ridge and MGC, the company has engaged Marshall Miller with the objective of providing an up to date evaluation of the resource base in accordance with the AIM Rules."
"We are pleased to announce the completion of the work on the railroad which is now fully repaired and is expected to put us in a position to deliver our product faster and in greater quantities."

@Bitcoinbull
Just following on from your 2x-5x SP uplift
AND I hope @Jinkar doesn't mind me re-posting is message on 6th April...

Sunday Roast Contributor calculations for BEN,
500,000 x $150 = $75m or £54.35m 92p
500,000 x $200 = $100m or £73m 124p
700,000 x $150 = $105m or £76m 101p
700,000 x $200 = $140m or £102m 173p
1,000,000 x $150 = $150m or £109m 310p
1,000,000 x $200 = $200m or £146m 413p
1,200,000 x $150 = $180m or £131m 372p
1,200,000 x $200 = $240m or £175m 496p

So now we should assume $200 per tonne minimum if Hi Vol B is $420mt and total costs are $120 maximum.
Working on AW's conservative figures my calculation/guess that I am reaching for mid to end Q3;
$200 margin x 900,000tpa (on target production) x PE8 / 354,000,000 = $4.06c x £0.76p = £3.09p

This tie in with your thoughts ??

ATB Shorn

Yes i bought mine through Barclays

Sparkglobal - maybe someone from the company is reading your posts...
My take from the following "Sunday Roast" podcast is that ORCA is cheap (in-fact entry level)...
https://audio boom. com/posts/8046482-the-sunday-roast-featuring-steve-brown-ceo-of-orcadian-energy-aim-orca
Try this link removing the two gaps.
ATB Shorn