Member Info for Swanley

Davie, On the Cobalt: because buying an exploration license for a piece of unproven land costs that much. Exploration is not cheap. On Ferensola: they haven't left it. They stopped drilling because they couldn't afford the remaining drilling needed to prove up the asset across the license. Tondo so would have diluted ABM so much that they'd probably go under, hence the JV/farm out. That's the financial sense: exploring for cobalt is relatively easy by comparison and in the current market/metals/battery climate, could do them very well. Hope you avoided any doggy dealings last weekend! I noticed an increase in doggy dealings on the pavement around our area and noted that I must get onto the council about that. BR

Lol, gotta watch out of those 'doggy' dealings. In my opinion, those chihuahua dealings are the worst! Happy weekends all.

I was reading an article from Reuters on ABM moving into Cobalt in the DRC and in the same article, it mentioned how First Cobalt had 7 exploration properties in DRC that it pulled out of. So looking on First Cobalt's news site from 2017, I saw that they pulled out to focus on Canada. In that article, I read that the original deal made in May 2017 was with madini minerals with similar conditions (Serge Ngandu to be put on the board, payment to jay bird etc,). It just seemed very similar to the deal with ABM. I wonder if the 2 properties that ABM now has were any of those 7 properties previously held by First Cobalt? http://firstcobalt.com/_resources/news/05_01_2017_PR_-_FCC_Options_Madini_FINAL.pdf

Further to previous announcements of ABM's intention to seek a farm-out or JV partner for the further development of its wholly owned Ferensola Gold Project ("FGP") in Sierra Leone, ABM is pleased to update that one interested party is currently carrying out due diligence on Ferensola under an NDA (non-disclosure agreement), with a second interested group expected to be provided with access to the project's information shortly. ABM will provide regular updates as the situation progresses in due course. Good news.

:) not saying I'm not irritated or am relaxed with the situation - double your current loss and add a bit more.. but understand the situation on gold (met RM face to face end of 2017 and have regular direct communication with him to keep updated) and understand their move to Cobalt. If cobalt doesn't come off and if there's no JV on gold, then ABM (and my investment with it) will probably die. But this is aim, and risk is high always with junior explorers. Hence significant returns if they're successful. If that loss situation happened, I'd blame no-one but myself for the loss as I chose to invest in aim and Sula and junior explorers based on my own research, rather than safe FTSE 100 stocks... Would be a painful, but not life threatening lesson and my retirement, the mortgage and my rust bucket car would just have to remain for a while longer :)

Davie, Rev is spot on in my opinion. Suggest you give RM a call and have a chat with him on why the gold has been put on back burner. A JV is needed as the complex geology to prove up the gold resource will be very costly and would need significant further dilution without a JV, so would likely not happen in current climate. Madini operate in DRC and have good connections there. Cobalt is hot right now and the locations they've got there should be a guaranteed hit on the roan, so present a good opportunity for ABM. Are you invested here? If not and you have no faith, then don't waste your time with it would be my suggestion!

I don't think he said that... I believe he said the grades in one intersection of one drill result were verging on bonanza. Plenty of videos around that corroborate that. I'm not sure that context was ever given in respect of the resource. Would agree with you if you can find some evidence to support that assertion.

This is positive and should allay any ethical concerns of child labour use in DRC, and contribute to higher value placed on its cobalt. Thanks for sharing Rev

*Nick Warrell stupid typos.

I'm not sure we have ever been told that we have a commercial prospect in Coltan, in fact I recall RM clarifying that the search for Coltan (originally started by Nick Darrell) was ruled out when Madini took over from NW in Oct 2016. The iron ore is commercial but due to the price of iron ore over the last few years and the likelyhood of the one single purchaser, it hasn't been sold. Yet. The gold hasn't yet been proven either way and to prove it up now needs a JV due to the remaining drilling needed over the large license area. The cobalt is also unproven, with exploration starting recently. Let's give em a chance to see what's going on in the drc before judging them on this one. But they're doing what junior explorers do. Explore.

https://www.abmplc.com/n/n40/investing-in-african-mining-indaba

Yeah, always, best time of the day! Blimey wish I had some ready teds to invest, if I did I'd probably go into gold given what's happening to all indexes currently. I was annoyed in missing out on Greatland Gold recently as they look quite prospective. Otherwise no idea chief! What else are you looking at?

Coltan? Who said owt about Coltan Davie46? I don't believe a word of it either. Good job they're looking for Cobalt and not Coltan then ehh?! :)

Interesting articles, thanks for sharing. I also read yesterday about a surprise increase in royalty payments for miners in DRC : http://news.google.com/news/url?sa=T&ct2=uk&fd=S&url=https://www.swissinfo.ch/eng/congo-surprises-miners-with-last-minute-changes-to-legal-reforms/43866978&cid=52779785753779&ei=xeZyWuHrJYGogwfZqLrQCg&usg=AFQjCNEyVkLfnc0Rh9JDTZ48-fHpaJZI6g Also, good to see RM on the campaign trail with lots tweets and links to Cobalt news on Twitter. GLA

IG doesn't have obv, but I use donchian channels which are more or less the same idea. I'm seeing a break to the upside of the donchian with a supportive trend to the macd, stochastic and RSI on the weekly chart. Share a pic of the obv if you can!

Actually looks like a bit of a break out is starting to form here (so long as price action holds). Lots of volume is a good sign also. GLA

Lol, way I see it, it's worth a punt, so I thought I'd add to my holdings....

Lol, that makes the rest of us who got in 4 years ago highly insightful! Roger was on the campaign trail yesterday. I counted at least 3 interviews (vox, proactive and blytheweigh). I didn't realise until I saw their new website that they held two license areas prospective for Cobalt. GLA

Here buddy, been busy since the recent birth of baby Swanley. But keeping a weather eye here. Hope you're well and Happy New Year to all in Sula/ABM and fingers crossed for Cobalt/gold JV in 2018.

Haven't you seen Die Hard? "It's Christmas Theo, it's a time for miracles"!