RE: Cadastre/licences (please let's try a proper topic)2 Feb 2023 15:07
Time tends not to matter when you are invested in a company, but of course it isn’t perpetual. Regulars who post on this board, and who look positively at proceedings, are clearly invested and have been for some time.
I am invested in Arc predominantly for the potential of our Zambian licences.
This is potential which has been explored for well over half a century and spans companies like the Roan Selection Trust and Anglo American.
In the late 1990’s Equinox and Anglo were involved in the Zamanglo JV and ranked the potential of the targets, 9 of the top 30 are located upon our licences. We know what has happened to some of the other targets, such as Sentinel, and it provides hope for the potential of the other targets identified by the Zamanglo JV.
When we look at our drilling results and the targets identified, it provides us with further potential. We have to remember things like the soil samples, which Anglo helped identify, and that provides further positivity to the potential of the licences.
There are reems of reasons why the potential of our licences is so good and Anglo looked at all the available evidence and guess what? Yep they offered us outstanding terms for the JV.
Follow this up with Anglo submitting large scale exploration licence applications over our tenements in the name of their Zambian subsidiary. As others have said, Arc retain Rothschilds as advisers for a reason and I have every confidence they, along with our legal people, will have ensured this is a part of the agreement/strategy. Not to mention the damage to Anglo’s reputation if they were being untrustworthy in any way.
There are a whole heap of other factors and links between factors which I unfortunately can’t put on a public forum, but if you look hard enough they are out there, it just needs the pieces putting together. Its all of these factors (I am sure I have left plenty out) which provide me with confidence that the JV will be signed, be that next week or some time in the near future. Obviously next week would be better, but as I, along with others, am invested, then time is on my side. It will happen when it happens.
I haven’t mentioned Botswana because it was only acquired after I became invested in Arc. However, if you look at the most recent Khoemacau presentation you can see the potential of our licences in Botswana. A word of caution on Botswana, it was only scout drilling to find the DKF-NPF contact, so any mineralisation found would be a bonus. I think someone mentioned the hold up being supply chain issues at the lab in S. Africa, whatever lab it is they are using!
Anyway, as always, thanks to those such as Fulmar and Seis for the contributions they make. Remember Peggy and co have history will do what they do regardless.
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