Member Info for Shortarm

Civil it is:

I really do not think the government can just nab 26% of this existing project (Kerims interpretation as well).

But, if they did contribute or snatch you agree that pretty much guarantees fast track to production?

They are aiming for 100K oz per year over ten years. 150 million profit would be dropped to only 111 million profit - still three time the current MCAP. I can wait and also hope Salinbas and Kosovo deposits come on board too.

The 'rose tinited' view is that 26% free carry GUARANTEES a mining license :-D

32 minutes into the Engage investor Kerim discusses the rumoured free carry of new projects.

Will be next year before any news or response.

Indeed, let's have a little panic and discuss worst case scenarios?

Or, probably best to sell now? Before it gets worse? That's what ima do!

The actual rumour (unconfirmed currently)... (NEW PROJECTS, Dokwe is an EXISTING PROJECT).

Zimbabwe is planning to hold 26% of new mining projects on a free carry basis, and will also negotiate with existing operators to acquire a similar stake.

“We need to move to a level where we reach 26% shareholding in most of the big projects,” Zimbabwe’s Secretary for Mines Pfungwa Kunaka told Bloomberg in an interview. “A lot of these things would take negotiations with the investors that are on the ground.”

Kunaka declined to say how the government would finance acquiring stakes in established mining projects.

I would not try to get peoples hopes with this potential sale. It will happen - but would you vote for another billion shares on the 2nd Jan at .55 if the company had just received .6p per share equivalent in cash???

Patience!!

Historic programmes identified large zones of copper (plus nickel / cobalt / platinum

group metals) and tantalum (plus lithium)

I bought a lot more on the day after the raise.,

.5055 seemed like a bargain at the time!

It will be a mega bargain in the next weeks/months!

No advice from me though, do what you wanna do!

AI:

The average price-to-earnings (P/E) ratio for the UK metals and mining industry is 10.2x over the last three years.

Nine years dammit, spell checker my ****

Hi Stranger, I will go for a much more enthusiastic valuation - no one will be surprised by that :-D

AAU have stated they would like to produce 100K Oz per year from Dokwe for ten years plus.

FS stated AISC of 1144 per oz (AAU used a 2000 dollars per oz gold price in the FS).

So PROFIT per annum would be 150 million dollars, mine cost for 60K oz was 82 million so lets say this goes to 120 million?

profit per share after payback (less that one year) would be over 8 cents.

lets say P/E of just 3? 24 cents

in pence that is over 19p

or you can just have a 3p plus dividend for none years?

Stebo, they are sooo negative because they hold no shares. Anywhere!

They have either lost money here, elsewhere or had zero free cash in the first place.

One day soon enough they will all have to get new avatars :-D

The first of a number of opportunities

Calculate this selling 49% of two million ounces!!

What Does This All Mean?

Gold producers are paying premiums for high-quality deposits and projects. This makes sense because it’s cheaper to buy ounces than drill, and producers are making record-level profits at current gold prices.

What if $300-$500/oz is the new floor? How cheap are some of these junior developers and producers in that pricing environment?? This is how you get a massive bull market in junior mining.

Same again, as many traded in 2 minutes as the rest of the day!

Must be a group effort - hope they have a backup plan! (not!!)

Indeed, smash that bid!

As far as I recall 8M was put aside by Ozaltin purely for Salinbas - this is not yet used.

The original plan for Tavsan was to do the final processing at Kiziltepe but that changed when Tavsan got bigger (I think) so it will be processed completely at Tavsan now.

Hi Stranger, I have pasted your excellent posts onto the ADVFN board where they are very well received (and referenced you here).

Have you thought about joining and posting there - it is much busier and we could do with your understanding and input. Several holder there have many millions of shares.

Well 4kandles - if they did sell circa 75% at the recent rate that would be just shy of 200M for the 2M plus resource... Do not think that is what will happen though :-D

Interesting how SmellyB can write when he cannot read!??!