Member Info for Tyfoon

There’s none so blind as those who refuse to see. T’was ever thus...

16:24:22 41.7500 200,000 O 0.0000 0.0000 ? 1,700,019 1,015,060
15:20:50 41.7500 250,000 O 0.0000 0.0000 ? 1,700,019 1,015,060
11:22:16 41.5000 566,012 O 0.0000 0.0000 ? 1,700,019 1,015,060
13:45:47 41.0000 300,000 O 0.0000 0.0000 ? 1,700,019 1,015,060
11:08:18 40.8500 582,513 O 0.0000 0.0000 ? 1,700,019 1,015,060

The people being interviewed in that vid say that nearby communities are being treated better and are getting their royalties but this partic group are not. Either there's a problem with this groups payments, or they're not entitled to any royalties altho they appear to think that they should be.

I've just sent the link to Chika to ensure that she and FM are aware of the SABC news item. Only if they know about it can they do something about it.

If I get a reply I'll post it on this BB (if possible)

Well that seems to be the problem which was highlighted in the report, the fact that they're supposed to be receiving 2% pa royalties, paid monthly, but it seems that the money isn't getting through to them for some reason (corruption maybe?)

This is from the Vametco Q3 update:

"This underscores the importance of focusing on operational improvement initiatives, production expansion initiatives, and proactive stakeholder engagement with organised labour and local communities. The latter will ensure these stakeholders remain an important part of our growth journey."

which shows that FM is aware of the importance of keeping all stakeholders onside so I wonder what has gone wrong in this instance

... to tune into this Webinar in order to see where things are currently and where the future trends lie, and also to get a better perspective on the planned direction of Eskom where the coal vs renewables tug-of-war is currently in progress.

https://www.esi-africa.com/webinar-renewables-vs-coal/

Funnily enough Alfa, as I was reading the article posted I was thinking 'yeah, but I wonder what the mass recovery rate is?' because I'd seen the Twitter article and subsequent discussion.

Before that I was completely in the dark about it; it's amazing how educational Twitter and this board are (when not scragging the occasional wrong 'un) :-)

This Co are still at the exploration stage and are starting to work towards a JORC defined Inferred Resource, so they're still quite a few years away from production, but the grades caught my attention as I don't think I've ever seen grades this high before now:

"Pursuit Minerals (ASX:PUR) wants to dive straight into development options.

Testing on 11 historical drill holes confirmed exceptionally high-grade vanadium magnetite concentrates, with the majority ranging between 2 and 2.6 per cent V2O5 – placing the Koitelainen concentrate amongst the world’s very best.

Incredibly, intervals in three of the holes recorded magnetite concentrate values of 3.6, 3.3 and 3.1 per cent V2O5.

The results for five additional holes are pending.

>> Here’s a plain language guide explaining how miners ‘grade’ mineral discoveries

Pursuit Minerals Managing Director Jeremy Read called it “exceptional”.

“Most of the magnetite concentrates produced are grading in excess of 2 per cent V2O5, with some values in excess of 3 per cent V2O5, which is super high grade for a vanadium magnetite concentrate and differentiates the Koitelainen Project from most other pre-production vanadium projects,” Mr Read said.

Next steps

Pursuit wants to upgrade its exploration target at Koitelainen Vosa to a JORC inferred mineral resource as the next major step towards project development.

Mineral resources are categorised in order of increasing geological confidence from inferred to indicated to measured.

These high grades could allow Pursuit to deliver an Inferred Resource – hopefully in February — towards the upper end of the Exploration Target Range.

Following this, Pursuit will complete an internal Scoping Study on developing Koitelainen Vosa before the end of April 2019.

Miners usually undertake up to four different types of studies to see whether or not a resource can be mined economically. These are – in order of importance — scoping, preliminary feasibility (PFS), definitive feasibility (DFS) and bankable feasibility (BFS).

The outcomes from the Scoping Study will then be used to determine if a more serious Feasibility Study on developing the Koitelainen project is justified."

Well, there's the thing really. Newbies are very welcome here, and are able to share in all the deep research done by posters on this board.

What aren't welcome here are repeat posters who keep coming back to this BB using a new avatar after being banned for trolling and being a nuisance capa.. sorry, that last bit just slipped out

ANC to focus on job creation, says Ramaphosa

"The African National Congress (ANC) has promised to create over 270,000 jobs a year if it’s elected back into power this year.

The party launched its election manifesto this weekend at the Moses Mabhida Stadium in KwaZulu-Natal.

The ANC says that economic growth and job creation is at the centre of its election manifesto.

The party has made a range of promises, including creating a fund to support small businesses, reduce the price of data and implementing the second phase of free education.

President Cyril Ramaphosa says that the ANC-led government will focus on job creation.

"We estimate that when we implement all these commitments and interventions, we'll be able to create up to 275,000 additional jobs each year."

The president has also called on South Africans to trust and give the ANC another chance to govern over the next five years, saying the party has learnt from its mistakes."

https://ewn.co.za/2019/01/14/anc-to-focus-on-job-creation-says-ramaphosa

Hey Cyril, we can help with your job creation plans and, if you give us our licences for Mokopane and Brits, we can help even more! :-)

Let's hope so but, since the end of apartheid 25 years ago, SA doesn't have a history of disrupted or corrupted elections so I don't think there's any reason to expect that this years will be any different.

This is the most important comment from the following article, at least as far as Bushies are concerned because, if this forecast proves to be accurate, it's one less risk for BMN over the next 5 years:

"The opinion polls suggest the ruling party under Mr Ramaphosa will secure a comfortable victory in this year's elections."

https://www.bbc.com/news/world-africa-46855359

Of course, there was mention of the high unemployment rate but that's where FM and MN come into play - they've promised Cyril that they will invest millions in the country and, in the process, create a lot of jobs, which must be music to his ears. Now it's in Ramaphosa's best interests to ensure that there are no barriers to the progress of both BMN and BE.

You have a point Jag, and quite possibly you're right. It's just a little odd that the one I posted is a girl but another poster says he's the opposite if you get my drift. Coincidence? :-))

http://www.cyclingarchives.com/coureurfiche.php?coureurid=25290

Emmanuelle Merlot

I'm saying nowt...

pb, they nailed it with the UT lol

Never mind, we 'should' open up on Monday :-)

http://www.miningweekly.com/article/australian-vanadium-raises-cash-for-gabanintha-studies-2019-01-10

ASX-listed Australian Vanadium has raised more than A$6-million through option conversion, to fund the completion of a definitive feasibility study (DFS) on the Gabanintha vanadium project, in Western Australia.

The company on Thursday noted that more than 204.59-million options had been converted into shares by 264 holders during December last year. An additional 62.75-million options were underwritten, raising a further A$1.25-million.

“Starting 2019 with a healthy cash balance enables us to move swiftly forwards with our plan for the Gabanintha vanadium project. Timelines can now be accelerated, and we are confident that we have a solid basis to inspire confidence in prospective investors and project partners,” said Australian Vanadium MD Vincent Algar.

A prefeasibility study into the project found that the project would cost some $354-million to develop into a 900 000 t/y vanadium pentoxide operation, over an initial mine life of 17 years.

The study estimated a post-tax net present value of between $125-million and $1.41-billion, depending on the price assumptions.

As part of the DFS work, Australian Vanadium has initiated a pilot scale metallurgical study, which will start with a diamond drilling sample collection in mid January.

Excellent point Alfa! Right, back to sleep then. Wake me up when news lands :-)

Hahaha! I got that the wrong way round - of course, I meant their 26% entitlement! :-)

Some great posts this morning re dilution and I for one do not fear dilution where BMN is concerned simply because of the BODs track record, however I do have a question for those more knowledgeable than myself:

If we are diluted to the tune of say 10%, this will change the percentage of BMN shares held by our BEE partner so am I right in thinking that FM will have to issue more shares to Jaxson in order to bring them back to their 74% entitlement?

C2 I see your command of English is coming on in leaps and bounds. I’ll let you work out the meaning of that sentence...