Member Info for Steve4077

Yes, that was my understanding too. Multiple respectable sources have speculated about tens of millions of tons of 'missing' copper that could be in the domes region, based on what was found for the three tier-1s on the opposite side.

20m tons of actual copper is the quote and that means at least a billion tons of ore. Obviously grade is going to be important, but Anglo are only drilling to 300m which is open pit depth and therefore much cheaper to extract. You can check out the known grades on the past ARCM assay RNS.

Maybe listen to the investor call and read the RNS and geology reports on the area before criticizing other posters.

About $160 billion at current prices.

Actually, its 70x from first GGP hole ( under 3 years) and 30x from first significant interval (18 months). I would be very happy with either :)

According to the broker note, GGP went to 70x market cap after their JV with Newcrest at Haverion (within about 12-18 months). The ARCM JV terms are actually better than the GGP/Newcrest JV because ARCM are paid cash and Anglo cover all the drilling. Also Anglo know the area and are geared up to drill into the wet season. I wonder Anglo were so generous on the JV and have such urgency in their exploration? Mining Majors don't tend to be charitable :)

Probably being briefed by their paymasters to reverse course and start ramping next week :)

You are concerned that ARCM have 'ceeded' (sic) control of the JV (via 3 vs 2 board positions) to the company that has a 100x larger market cap, is giving ARCM $10m and paying for all $75m drilling cost, while giving ARCM a 20% free ride on whatever they find? I assume you would have walked away rather than signed the JV under such onerous conditions?

Also drilling two 12-hour shifts to ensure round-the-clock drilling.

No plans to raise. Money is well managed.

The trolls are having a rest day. Tomorrow they will be back to complain that its going badly because we are still waiting for the first assays :)

>> all evidence suggests the final government approvals are done and we are waiting for the announcement?

I wasn't actually expecting confirmation of the above within 30m :)

Do you seriously think Ray is 'real'? This is someone who is claiming to have been invested in a stock for three years without knowing why, but suddenly decides to ask why at the exact moment when all evidence suggests the final government approvals are done and we are waiting for the announcement?

If you believe that, I have a bridge to sell you.

>> That last post sounded like a narcissist’s having the last word

OK, one last post. A narcissist is someone who thinks its all about them and draws attention to themselves. What I have been trying and failing to explain is that its completely not about me - although my sarcasm is flying above some heads.

XTR is in a mess because of XTR - it has nothing to do with any posts I made a year ago, despite people trying to assign blame to me for everything that happened over the last year. I have been entirely absent during that time. Someone started attacking me earlier and I was told about it, so I turned up to defend myself. Fairly dumb of me really since no one left here is interested in reality, but at least it was amusing for a while.

Yes, howezap. I am sure all that is true and it wasn't just a blatant attempt to mislead because they only found a small amount of new ore. All the people who sold were just idiots who didn't understand anything about grades or mining or cut-offs. They should definitely have listened to your expert advice and held on instead, while the share price fell 60% in a year.

BTW, I now have a top job in the City. Once I explained I could just write a few posts on a forum and almost everyone would be convinced to sell, regardless of the RNS published by the company and any conflicting opinions from other people on the same forum, they were prepared to pay anything I wanted. They were particularly impressed when I explained that effect would remain for a year after I posted and even affect all the people who didn't read my posts.

BTW, this was fun for a while, but its now getting a little tedious. I only turned up because someone was attacking me in my absence, so I've made my point now and I'll depart. I'll only return if the attacks resume.

I must confess to a certain amount of amusement at the sheer self-delusion from the remnant LTH. I think you actually do believe that some random person posting RNS quotes a year ago is the primary reason that you lost money here.

The share price has kept falling for over a year, including selling from many people (probably the majority) who don't spend their lives addicted to LSE - or even read it. Its blindingly obvious to every neutral observer that the interviews promising 2mt tons, Anglo buyouts and 20p share prices were complete and utter fantasy. XTR even tried dropping the cut-off from the existing deposit from 0.3 Cu to 0.1 CuEq and still couldn't even get half way there. Even CB is no longer talking about BR and has some new shiny new thing in Zambia instead.

None of that matters though, because me making a few LSE posts a year ago is far more important than that, plus my apparently mystical ability to get people to sell and keep selling and never buying - even those who have never heard of me and even without posting anything for a year. Plus, the amount of economic copper in the ground is irrelevant compared to a few posts on LSE - everyone knows that.

All that has to be true. Someone has to be to blame. Because otherwise you would just be people who believed the fantasy and made terrible decisions and lost money when you could have easily avoided it. Or maybe its just textbook cognitive dissonance.

Anyway, feel free to continue the personal attacks in the absence of any rational argument or debate. Blame everyone else and never consider your own decisions. I am sure that is the best way to approach any investment.

I'll pop back in a year or two to check on the Anglo buyout, unless I just prevented the deal by making this post!

Lol. It's usually the trolls that are bitter - not the holders.

So apparently my crime was explaining in detail why I sold? Giving that information to other people so they could make a more informed decision? You are upset because other people understood that information (and consequently saved a lot of money) and you didn't, why is why you are now sat 60% down from that point. Don't blame me for your own bad decisions when you had access to the same information as anyone else.

Regarding my job, I was Director of Analytics. One of my department's tasks was identifying problem gamblers, so we could STOP them losing money in line with the relevant legislation in many countries. There is unfortunately no similar legislation for problem investors, or you might be in a better situation now.

>> if it wasn't for steve i believe we would, he pretty much poisoned this share for the foreseable future.

Someone pinged me about this, so I had to pop in (after I stopped laughing).

Bushranger doesn't have an economic deposit and CB lied to everyone. That is why the share price has collapsed. Everything I posted on LSE a year ago, quoting numbers only from company RNS, has been proven true over the last 12 months.

If you really think that me highlighting the problem was the issue (rather than the problem itself), then I think you need to re-examine your investment strategy. Denial isn't just a river in Egypt.

NvS is in Zambia now, not last week. Do keep up!

BTW a few minutes ago, you were claiming that we made up the fact he is in Zambia. At least try to stay consistent in your trolling.

There are substantial deposits - check the drilling RNS. Or maybe you think Anglo American are spending $90m because there 'might' be something there?

Also, Anglo are applying for 'large mining licence', not an exploration licence. I think even you can put that one together.

But keep trying - it will only make even more amusing when your ever-more-feeble rolling attempts run into the brick wall of the approval RNS :)

@Takenorisk

So you think if a CEO or a chairman travels to a country, that should go in an RNS? I assume that whoever is funding your constant de-ramps would at least provide minimal education on what is classed as material information - so you don't end up looking completely clueless :)

So can I take it from your reply that you don't believe NvS is in Zambia? And also, everyone who commented on the trip was lying?

@Takenorisk Only you and the other trolls would interpret a factual tweet stating the ARCM chairman is in Zambia to meet with Anglo and the government as a 'cryptic ramp'?

Lol Peggy - I have to commend your persistence. You are definitely earning your money :)