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MTR have no interest in KAV/POW (they don’t have much interest in anything on AIM these days) MM has made comments in the past about licence areas. MTR and it’s geology team don’t rate this ground, the KAV guys do and good luck to them I really hope they do well!! The more attention on the KCB the better for all parties!!!!
But when you look at market cap, NAV, cash and licences etc then MTR and/or CBE are the best exposure to the KCB in my opinion. MTR has its 2% NSR with a copper mid tier doing all the work (zero capex for MTR) and then they are both 49/51 in KML and KML is in a fantastic position. In terms of its cash - it is sufficient for a lot more drilling. The geologic team really is superb - just look at the latest news release for the amount of detail. And critically the location of its two main project areas, particularly Kit-E. look how close it is to the T3 mine. ATB.
Evening H. I only skim read the news release as out and about, but this is the extract that got my attention.
“suggests that much of the previously interpreted NPF is covered with thin DKF – this would open the possibility for "shallow, relatively flat lying mineralisation" along the redox1 contact between these formations "
Clearly dum dum has no idea what that means but for those that do it is potentially huge. Cupric canyon / Khoemacuas deposits are based on the NPF contact and at depth in vertical veins, so it’s expensive underground mining. KML are interpreting the data (and Michael alluded to this in the Sprott video) that Kit-W is potentially similar to the banana zone “with the top” market is asleep at the wheel distracted by wash trading and dum dum media commentators who spend their time talking nonsense.
For those not on Twitter, someone has confessed to being one of these very trolls and being paid to do so on another board.
I’m a bull, I’m invested in MTR and have been for sometime, I have met both MM and CH and believe in what they are doing. It is obvious why I post on here.
Now ask yourselves why these muppets waste their time taking absolute rubbish, who is benefiting? Especially when we are witnessing the manipulation of the share price.
Seems the thread has been removed, perhaps due to our resident troll being banned.. we can but hope.
Sandfire update is imminent, we should hear a lot more about A4 exploration results including an ups grade in resource estimate and whether they have located the NPF contact and at economic depths. Will also be good to here about further KCB exploration and red bore in Oz.
KML news can’t be far off, those start holes are key for the geo team to garner a better understanding of the geology.
Armada capital is listing later in the year.
MM mentioned a second project in an earlier video.
Stepping back from the day to day.. Michale is presenting MTR at the Sprott symposium which is great to see. He is also taking part on a panel discussion with Rick Rule and Byron King, this is a real coup for him personally and also the company, truly great exposure. Do you see any other AIM CEOs in such a position? When you listen to any successful resource investor they say time and again the most important thing is to find good management and back them. You don’t get a much better endorsement of someone’s credentials than being invited onto such a platform.
H delivers the KO blow by quoting Sandfires actual news release..
121 replies with “trust me” and “Wikipedia is factual” what a joke.
If I was you I wouldn’t embarrass myself any further by posting on this thread. You don’t really know what you are talking about and by posting lies and defamatory comments you are setting yourself up for a ban.
If you are selling you need to give your head serious a wobble.
The mine is being built, MTR put up zero capex, the NSR will be paying out.
Don’t let these BB posters and this murky wash trading entity scare you out of your holdings. This is 100% a long term winner.
I understand it fine thanks.
For the benefit of the board!!!!! I don’t know how you dare make a statement like that.
Illaqueens I do this for the benefit of those visiting the board - We all know these two individuals have an agenda and are full of ****.
Nothing has changed - aside from Sandfire carrying out more drilling and having a better understanding of A4 and the surrounding area AND KML having a better understanding of its tenements. If you weren’t a seller at 30p why are you selling 25p?????
Good weekend all.
Have you worked out the A4 NSR value?
Have you worked out what that value could be following the imminent A4 resource upgrade?
Have you worked out how many more potential satellite deposits there could be?
Have you worked out the potential value to the A4 NSR if SFR can access the NPF contact below the A4 pit?
121 lurking on the board, waiting to add some subtle negativity, wait for the not so subtle comments soon.. something about the BoD needing to be changed or something other absolute nonsense.
MM and his team are going about their business building a real mining company. They are mixing with real mining professionals not your fly by night AIM explorers.
Armada capital is just the latest example, look at the Armada team, look who else has taken part in the funding. I have no doubt MTR arranged that deal and brought Cobre and RCF along for the ride. That’s the sign of a CEO and a company looking forward to enhance value and build contacts.
If people want to mess about making 10% here and there then crack on. But that’s not the type of returns I want, mining speculating/investing can give huge returns, that’s what I’m here for and that’s what I’m confident will happen.
You can report via the FCA but it’s a complete waste of time, they don’t do anything when there is out and out fraud, let alone murky AIM dealings.
The volume and rise a few weeks ago caught the MMs by surprise they had some sales through exploration capital rebalancing but not enough to cover all the buys. There are a large number of shares held in tight hands (hence the lack of real liquidity and erratic price movements) therefore the market makers will have no doubt gone short (as in they sold more shares than they bought - which they are entitled to do to “make a market”) they are trying to recoup those sold shares now by dragging the price down (buys showing as sells) to scare PIs into selling.
The trade (if you are so inclined - it’s not for me) was to sell at 32p+ and buy back 10-15% lower - just as our resident bashers will have no doubt done, as well as the swing traders that follow MTR.
The trade is not to sell at 27p when the market cap is covered by cash and liquid assets, KML have x2 drill rigs operating, Sandfire have multiple rigs in multiple sites and are about to drop the A4 update. This is why PIs lose money, they panic sell because they are seeing their paper gains they had being eroded (on zero volume) all the while savvy investors are picking up more shares. ATB.
ASX listing / activity will be very quiet for the first three months. For those that don’t know ASX operates different to AIM in that it effectively matches buys and sells as opposed to using the market maker system the LSE/AIM employs.
As it is a compliance listing they can’t carry out a capital raise for three months so at the moment the only ASX shares are owned by those that have transferred over - so the larger holders who have little to no interest in selling at these levels. So in the short term the ASX buyers will need to bid the stock up, a big catalyst will be needed for that.. KML hit hopefully.
In the mid-term we will see a raise on the ASX to facilitate the volume and liquidity which is required. I expect the raise to be at a higher price than current and without any associated warrants.
Hi Gecko. I was out and about with my reply earlier.
If you read through the end of year accounts it has the board options, which are as you have stated.
There are then additional warrants - 21m at 50p expire Aug/Sep 2021 and 16m 60p that expire April 2022. Both of these were from raises in 2017 and 2018 - a lot of them are Sprotts and were double the price of the raise.
Evening F. First thing is DO NOT invest your money based solely on what you read on these boards (or Twitter). I learnt that the hard way many years ago and it took me a long time to get that money back. Also do some reading to understand the basics, like market cap, ask/bid/spread, etc and decide if you are buying as a speculator/investor or as trader - they are very different. There is an incredible amount of information out there so always keep learning. Books obviously are the best but I find podcasts are a great source of info - driving/walking the dog.
Hydrogens post are great and they are based on fact with that bit of hope/luck. The point is the exploration model that KML are using is based on the down structure that MOD proved up by finding the T3 deposit and the subsequent A4 resource discovery. (The irony is the KML ground was previously misinterpreted by MOD (quickly google synclines and anticlines)) KML have an excellent team of geologists that have put a lot of work into the ground, NOTHING is guaranteed in exploration but the odds of KML finding copper is high, the beauty as H has touched on is that it doesn’t HAVE to be a massive deposit because SFR already building a mine (for T3) it just needs to be economical. A4 drilling (Sandfire) has hit an intersect with some copper at 61% - this is unheard of - so there is high grade copper in the belt. The high grade the more valuable, especially to SFR to feed their mine. Expecting some M&A (merger and acquisition) by that I mean SFR will want any copper if it’s there, that will come buy either buying KML or one of its owners. IMO they will take out Cobre - great for MTR.
Read and read. ATB.