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Fukurokuju makes a very significant and important point, not to be glossed over.
I will add some meat to it.
The Kalaba prospect was first reported by the Rhodesian Congo Border in the 1920’s, it was called Mckennas prospect.
The Roan Selection Trust explored the area in the late 1950’s.
The area was also explored for Uranium in the 1970’s.
In the 1990’s Equinox and Anglo American formed a JV (Zamanglo) and our licence areas were ‘rediscovered’. This JV carried out further work across the Kabompo Dome Area. Resulting in the famous list of 30 targets of which 9 are located on our licences (this includes the top 7 targets).
In the late 90’s early 00’s Anglo pulled out of Zambia for political reasons and therefore nothing further became of these targets. At around this time Nick held a senior position within Anglo and was heavily involved in them floating on the LSE.
In 2005-2006 Zamsort were granted a small scale mining licence at Kalaba and a Large Scale Prospecting Licence. This was subject to a time consuming legal challenge which was finally settled in 2014.
2015-16 Ortac get involved in Zamsort and Nick gets involved in Ortac.
When Ortac went to view the old Roan Selection Trust cores, which were kept in storage, it was obvious someone had taken samples of the cores. When they asked who had taken the samples, they were told a major mining company had turned up with a geologist and taken the samples away.
A few months prior to this another Major mining company had been in to look at the cores.
Skip forward a few years and Anglo turn up showing an interest in our licence areas. They sign an EA which expires but Anglo don’t walk away. Following the legal settlement Anglo agree exceptional terms on a JV.
So 20 odd years ago Anglo knew our licences had fantastic potential, for political reasons they ‘left’ Zambia. Now they turn up again and have David Wood, involved in the discovery of Sentinel (another target on the list of 30) and an expert in the Kabompo Domes area, working for them. They subsequently agree terms on the JV with Arcm.
Can’t see Anglo walking away to be honest. When the reorganisation of the Zambian mining licence portal is completed we shouldn’t have too much longer to wait.
Just my opinion of course.
You can say what you want about Ruffles, but he doesn’t half get people talking about Arc.
As for ‘Additional good news on way’; this could refer to anything.
Maybe Nick has ironed his chinos for his next meeting with Paul Kabuswe.
Or Vas has escaped from that bathroom window (just for you!).
Or maybe Ruffles has found some new emojis!
Very exciting while we wait!
You don’t like ambiguity do you Ella?
Personally, I trust Nick and the rest of the board. It’s this trust that ensured I kept my shares when some were saying the opportunity with AA had been lost. Subsequently AA agreed the fantastic JV terms, proving my trust in Nick to have been correct.
I also trust Nick would have discussed the licences with Paul Kabuswe (Zambian Minister of Mines and Minerals) when they met earlier in the year.
There are some things the board can tell us about and others they can’t; there are often various reasons for this. This is when you have to trust in the board and what they are doing will benefit shareholders.
Trust.
Hi Ella,
I may be well researched, but as I don’t work for Arc I don’t have the answer to your question.
We are just going to have to wait and see; maybe when the cadastre opens we will get the answer.
After doing some reading I have a theory, but I would rather not share publicly.
Regarding filtering, each to their own.
It’s amazing how difficult it is for people to remain patient and wait!
The critics will be eating their words soon enough. Remember how far we have come. We are on the verge of an amazing JV with Anglo. I am convinced it will get signed and Anglo will be drilling our Zambian licences.
Anglo know our licence areas from the past. It’s no coincidence they want back in now the political climate in Zambia has improved. It’s also no coincidence that Nick worked for Anglo at the same time they were previously exploring these licences!
For me, the only question is, exactly what will Anglo find with their technical expertise and sustained drilling?!
Ignore Peggy, she has been trading Arc for years. In the winter she offered her farewells to this board, only to reappear again. Her farewells coincided with a low in the SP, clearly her buying point. She sold on the recent increase and is now back talking the SP down until her buying point, which she has openly admitted to being 3p. She will soon go quiet again when she has bought in!
Regarding Noresco, I don’t think it’s Ella, she would just openly appear and criticise. She knows what people think of her on this board and doesn’t have a need to hide behind a fake ID. (No offence meant).
I just think Noresco is slightly unhinged, and history shows them to largely to have been incorrect. So any appearance should probably indicate an improvement in the Sp soon enough.
Now back to the sun lounger!
Ps: I haven’t even mentioned Botswana!
The Irish coalition government survived a confidence vote today in the Dail after losing its majority.
The confidence vote was instigated by Sinn Fein and the government relied largely on the votes of independents to win.
Seems the coalition could be hanging together at the moment.
Wow 100000m drilled in one year on 300 holes.
I wasn’t aware of that.
Makes me smile just thinking about what we could find on our licences with that amount of drilling.
Have a good weekend all.
Leopards and spots and all that.
I can’t honestly say I feel ok with the sp performance, but then again I am aware of the global economic conditions and what’s happening in the markets.
Also, I am invested in Arc, I am not trading it. Therefore, I am in for the long haul, that includes the cyclical peaks and troughs.
Because I am invested, I am also aware of the history of the company and our Zambia licences.
I am aware that Anglo previously explored the licences in a JV. I am aware that 9 of Anglo’s top 30 targets, at that time, were on our licences.
I am aware of who explored the licences prior to this.
I am also aware of the fact Anglo left Zambia for political reasons around that time.
I am aware of who was working for Anglo at this time.
I am also aware of what happened when Ortac were first considering taking a share of the Zamsort licences. I am aware of majors visiting the old core sheds to examine the previous drill cores from past exploration programmes. (I will let you guess which major). I am aware of them taking cuttings of these drills for sampling.
I am aware of Vas having a meeting with ex-Anglo guys and they turned up with a bigger file on Zamsort than Vas had. I am aware of who that was and how they got involved with Ortac.
I am aware of the change in strategic direction that happened for Ortac in the months following this meeting.
I am aware why the Kalaba plant was built and why it was given away.
I am aware of the various survey and drill results on our Zambian licences.
I am aware of who is on our board and who our major shareholders are.
I am aware of Anglo being in various forms of discussions on our licences for almost two years. Of them sticking with Arc through legal proceedings with an ex member of the board.
I am aware of Anglo subsequently entering into an agreement with Arc for a JV.
I am aware of the terms of that JV and just how exceptional they are.
I am aware Anglo employ an expert on copper exploration in this part of Zambia. I am aware Anglo employed this expert when Anglo didn’t hold any licences in this particular part of Zambia.
I am aware of who is involved in the Anglo exploration team that visited our licences following the announcement by Arc.
I am aware of changes in government in Zambia and subsequent government direction.
I am aware of who is advising Arc and what the terms are for this advice.
I am therefore aware that Anglo see/saw something on our licences which made them want back in to explore them again.
I am aware of the capability Anglo will bring to drilling our licences.
There is lots more, but that will probably do for now.