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Let’s dispel this 290km2 rubbish and other rubbish about our licences!!!!
Thurs May 12th 2022 Investor call.
Some quotes.
As I have always said previously, to do justice to the tenement we have, some 800Km2, one needs to have significant capital to invest; as well as the expertise to target and develop into something much bigger. So, while we invested modest amounts of capital, with considerable drilling success, to do justice this needs tens of millions in to drilling and this is exactly what we have with today’s agreement.
So, the way its structured is that Anglo will take an effective, once this is signed, an immediate 70% controlling interest in all of the tenements we have, other than the small-scale Kalaba plant that we have separated out.
we have obviously shared a significant amount of our drilling data with Anglo and they are familiar with the data; and, as you know, we have completed all the geophysics airborne survey results and those look very encouraging and look to target, in particular Cheyeza and Muswema and reiterate what our big targets there are. We obviously need to agree that still with Anglo….
What is the agreed J.V. geographical areas and what leases are within it and without it?
NVS – As I alluded to earlier, everything within our tenements, bar the small, I think it’s 6km2, around what is the Kalaba plant, which is part of the settlement agreement we have divested from. Everything else is included.
Zaco is included, as I say, all of our properties and tenements are included, and we retain 30% of the finances of everything in the J.V.
I was in Zambia very recently and met with the Minister of Mines and various other government officials. . .
I think I am not talking out of turn when I say they are absolutely delighted to hear of this proposed transaction . . . I know that that this has been raised at various very high-level senior meetings, government meetings, at the recent Indaba conference where the President was present.
I like to learn lessons from the past. So I had a look at a company who had a recent successful farm-in.
Ggp Sp the day before JV was announced was about 1.8p.
We all know what has happened since.
So it’s blatantly wrong to claim there will not be a significant re-rate after the JV is signed. It may not be immediately following the signing of the JV and if it does happen, it will all be down to the drill results.
The question is are we likely to get good drill results? The 3 largest recent copper discoveries (last 15-20 years) have been on the other side of the Kabombo Dome. Approx. 5 years ago these accounted for approx 80% of Zambia’s copper output.
We know about the AA/equinox JV list of targets and that we have 7 of the top 20 targets that were on that list, Sentinel was another.
So AA must be fairly confident of making at least one major discovery on our licences. You then add the fantastic terms of the JV, makes you slightly more positive about the confidence shown by AA. I think I would trust the expertise and knowledge of those at AA over the derampers on this board.
Don’t listen to the de-rampers and traders with their obvious tactics. They either have an agenda or want in at a lower sp.
That’s just Zambia by the way, never mind the potential at Botswana too!
Travelcard, you can choose your friends but you can’t choose your family!
A lot has happened since you first posted on this board and posed your question. If the events following your question haven’t provided you with the answer then you are probably beyond hope!
Ps: fair play to you for playing Batman though!
Fulmar, your last line echoes exactly my thoughts. 30 years as a city broker (if you were any good you would have retired way before 30 years), why are you bothering with Arc Minerals? Surely you have bigger fish to fry?
Very strange!
More than just sponsors.
Anglo American’s Head of Government Relations attended. He was also a table lead on “Mining As An Impact Investing Partner: How Working Together Can Drive Closing The Funding Gap”.
We are all story tellers in our own way and we all have a story to tell.
Regarding Arc Minerals; Nick and the board and other interested parties know more of the story than you or I. There are reasons for this and it will always be the case.
When the time is right we will see what road this story takes and the reasoning behind that direction.
There are some things we may never know.
What do you do if you read a book and half way through you don’t like the story? You close the book, put it down and don’t read it again.
Now what do you do if you like the story? You continue reading to the end.
I trust our author and I like the story our author is creating, I want to read it to the end! What I don’t want is for people to close the book on the rest of our fantastic story. Why? Because in this way nothing but regret lives!
One other thing, the author puts all the work and effort into the story and gets rewarded for this.
Readers don’t get paid for reading the book, that’s not the case with our story!
It’s been said many times before, look at the share price of companies like GGP and Solgold pre and post signing of their respective JVs.
Those in now, and who hold, will make money when the JV gets signed. Institutions will be buying when the JV gets signed.
Yes the drill results will be the determining factor, but would AA want back in these licences now; 20 odd years after they held them and left Zambia for political reasons, if they weren’t confident about what’s in the ground?
Would they agree such good terms for Arc Minerals on a JV if they weren’t confident about what’s in the ground?
Remember too we had other majors in the data room previously so AA potentially gave us terms that were better than those from other majors!
Would HH and Paul Kabuswe want to lose such good PR as AA returning to Zambia? Especially as it’s already been splashed around the media?
There are a whole myriad of other reasons why I think this JV gets signed, and as Alby (hope you are keeping well Ella) would say, I don’t believe in coincidence.
All it takes is to ignore those creating negative noise and hold!
That’s a new one to me Peggy, you expect one of the biggest mining companies to abandon its DD (which includes the licences, for which the cadastre is currently undergoing an extensive audit) and just get on with signing the JV documents?!
And you wonder why you aren’t taken seriously?!
Forgive me for correcting you Peggy, but we do actually own the Tingo shares:
29th April RNS:
In addition, Arc holds a US$5m secured loan note dated 19 March 2020 issued by Golden Square ("Loan Note"). The Loan Note has since been secured by the issuance to Arc of 3 million shares in a US listed company, Tingo Inc. (OTC: TMNA) ("Security Shares").
Don’t worry about all that other stuff, it’s coming.
Would be nice to see a photo of Nick and Duncan when the JV is signed! I wonder if HH would be able to squeeze in to the photo too?!!!
Denis Nguesso - Minister for international Cooperation and Promotion of PPP, today visited Glo-Djigbe industrial zone in Benin. This area was developed by Arise. The Minister appears to have been impressed. You will recall the MOU with Arise regarding the development of Pointe Noir.