Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Don’t think that’s on the agenda for the audit Ella. I haven’t seen anything regarding it on the various pieces of Zambian media I have been reading.
Maybe Nick and the Minister discussed it? Oh to have been a fly on the wall!
Surely you should be giving your judgement a thorough assessment OOL. Given the news due, your sells don’t particularly reflect well on your judgement, or, for that matter, anything you say.
Hope you don’t mind me expressing my opinion.
Hi Diamond, regarding the aeromag survey, in the IC call on 25th Feb during Nicks intro he said about the aeromag survey:
“Looking for new targets and confirmation of existing targets. This will inform any future drilling. The results will be shared with relevant interested parties. The study is due for completion within the next fortnight”
Question 1 was about the aeromag survey:
NVS – The survey will be released when it has been completed. It will be very interesting to see what comes out. It will confirm existing targets and identify any new targets which may have been missed.
VC – Bits and pieces of the survey have come through and the final report will finalised shortly, but its looking good.
So it was due to be completed in a fortnight. Also it was being shared with the relevant interested parties, when completed of course. I would expect them to see it first as it will inform any future drilling. I suspect it will only be released to shareholders after a deal has been concluded and a drilling plan agreed. Well that seems the logical process to me.
Also Nick didn’t say the survey would be released to shareholders ‘immediately’ when completed, just when it has been completed. You can put any time span on that!
Also note Vas said the aeromag was looking good!
I am glad I made my own notes of that IC call, they certainly are useful!
Good Luck!
Hi OutofLuck, I used ‘MAY’ because I obviously have no idea if we will or not, and also to follow from the wording used by Ella.
It looks to me everything Rackla are doing would indicate confidence in completing the acquisition. Even if there is another short delay announced, I am not worried.
I think we have established now that Ella holds and added to her position recently. Good timing considering the news flow.
Unfortunately, given past history, it’s difficult for some to move on. Although my thoughts are that it’s better for all to do so.
To save any ‘de-ramping to get in at low sp’ arguments; if Ella says she recently added, she could have got a lower price 4 or 5 weeks ago.
Anyway, a factual post by Ella. I noted the accounts were published a week earlier this year than last (March 17th in 2021). This may be something and also may be nothing. However, strangely enough, my thoughts echoed those of Ella. ‘Audited accounts MAY be another stepping stone to getting the investment for CASA finalised.’ Therefore, we MAY get news on the Casa sale this week.
I think Casa gets sorted before we hear about anything else and the timing could work out favourably as Kopore should be on fumes regarding the Botswana acquisition shares.
Let’s hope it’s an exciting week ahead.
The raise was for deeper drilling, issue of shares for the Botswana acquisition.
https://www.**********.co.uk/rns/announcement/66328a63-17c4-4d32-8e25-15430b9b0261
Welcome back Ella. I have to admit I was slightly worried about you, but good too see normal service has resumed.
I am sure you are waiting as eagerly as the rest of us for any news. Although you have your issues with the board, I don’t think you like to see genuine LTH’s losing money.
I believe the raise last March was supposed to be for deeper drilling, that’s what the RNS at the time said.
You never know OutofLuck, as Nick said on the AGM call on 16th Dec, if the company complete a transaction the surrender of the options may look like a bad decision.
Here’s hoping that will be the case!
OutofLuck, when Nick was asked about Casa in the IC, he said: “Casa is not easy to sell. The DRC has its issues. We have a keen and committed buyer in Rackla. The funding is principally done, just waiting on a box ticking exercise by the Canadian exchange. These things take longer than you usually think, but Rackla are confident”.
That answers your last question. By the sound of that, we won’t be seeking another buyer. If there is another delay, I am sure it won’t be too long.
My interpretation of that comment, was that the cash payment from any commercial transaction with a major would be used to help fund drilling/any other expenses. I don’t think it’s implying there would be any special dividend.
SeisNav, you have just reminded me, I saw somewhere else that Sandfire had published a new presentation on their website. Was wondering if there is anything in it which may be of use for the overlays u like to do re: Botswana.
https://www.sandfire.com.au/site/PDF/6b532d46-0e6d-4929-9a54-11e128f39fe8/BMOGlobalMetalsMiningConferencePresentation
Thanks to the person who spotted this.
Over the last few weeks the Company has seen sentiment change and positivity return.
This started with the excellent news about the settlement agreement for the legal cases.
On Friday we had the exciting investor call, where numerous points were discussed and explained. For me, the most exciting thing to come from the call was Nick’s positivity on how close we are to a commercial transaction with a major!
It looks like the good news flow will continue over the next few months with news on Rackla’s acquisition of Casa, the signing of the Consent Orders by the Zambia judge, details of the results of the geophysical study; and capped off, hopefully, by the signing of a commercial transaction with a major.
Following that, we have a proper drilling campaign to look forward to!
It’s difficult not to be positive about Arcm at the moment. I think this positivity has already started to be reflected on this board. I also think we could do more to improve the content on this board and make it better.
The best way to do that? Let’s move away from the bitter squabbles we have had with certain posters. Move away from the negativity that has infested the board. I know it’s been a long and painful period for many holders, but why continue down that path now the future looks brighter for the company?
The outlook for the Company is looking more positive, let’s reflect that positivity on this board.
I am really excited for what the future holds for Arcm and extremely pleased with my investment here.
Good Luck all!