Member Info for viable

Looks as though you have covered all the bases then. :)

Not going at all well at present. Two out of six stocks doing OK but the remainder best described as basket cases. And I certainly didn't expect Au to slip below $1,700/oz . . . thought the range would be $1,700/$1,800 and planned accordingly. SHG and SOLG were meant to be the star performers.

Shanta has a good balance sheet, probably No. 1 AIM emerging company, yet we falter.

@ 14:20 - Nope, but interesting none the less. I could do with the cash to buy other stock. Perhaps the sum is being retained for further allocations . . . dream on.

Becalmed, unfortunately. The biggest current copper rush is the Kabompo Dome and likely to remain so for the foreseeable. SOLG has dropped anchor.

Possibly my last post for a bit. You can extrapolate DRC into the Kabompo Dome sector. What applies there will be mirrored across the border. Note especially the strongest anomalies are to be found on the dome fringes and not within them. Zamsort acreage possibly conforms to this requirement.

https://www.bing.com/videos/search?q=youtube+modelling+shallow+copper+deposits&docid=607988252518253961&mid=E473B682F6C2A8D5F9C1E473B682F6C2A8D5F9C1&view=detail&FORM=VIRE

A very good listen. Plenty S African accents. I know some of the copperbelt but my main knowledge is confined to Okiep, Namaqualand, which at one time was the world's richest copper mine. The features and pointers described by the geologist are familiar. The next set of results and NvS discussion could reflect the nearly hour-long video.

[The best copper mineralisation guide I have ever come across.]

https://www.micromine.com/simplifying-drillhole-planning-with-micromine-2021/

Have been tracking Micromine news to see if they are in the frame for modelling task. Lee Bothma will be acquainted with NvS.

https://www.micromine.com/singidas-deep-reserve-confirmed-by-micromine/

Can't remember if I listed the above link. Anyway, a correction on Singida:
It is note Micromine found nine ore bodies onsite, not seven.

http://www.mineafrica.com/documents/12%20-%20Ortac%20Resources.pdf

Just retracing Ortac's history (above) on Zamsort, and also Argonaut/Antofagasta's progress to a lesser extent. It looks pretty conclusive and I would have been well advised to take up more stock earlier in the week . . . can't be everywhere at once of course.

@ 19:08 - Have we referenced the point earlier?
I did receive a reply from an Aussie geologist who knows the area well and his opinion was not what you would call favourable. In sum, I only invest in companies having some revenue stream. These are dodgy times.

@ 16:18 - Agreed. And all of us should again read the following. SHG is not a tinpot operation and it carries clout in the mines' department:

So four of the management team will quietly be using their considerable weight. Posters on the fringes would do well to avoid disinformation before sounding off. It's almost as if retail investors think they know more than the funds and IIs who have gone very much further before taking the plunge.
https://www.shantagold.com/corporate/management/

https://miningconstruction-sadc.com/tanzania-singida-gold-investors-urged-to-prioritise-residents-near-mines/
[Philbert R is chairman of the Tanz chamber of mines]

Government regulations won't be to everyone's liking. They are in fact not dissimilar to S African post-Verwoerdian/Strydom/Botha local content rules which were targeted at 60%. That policy initially drove business colleagues nuts. Shanta is doing a lot more on the matter. The country, however, has no capacity and experience in manufacturing mining equipment and Magufuli knows it.

I suggest those who are short-termism look elsewhere. The earliest proper surge in fortunes is most likely around mid-2022. In the meantime SHG is going to do OK. And in Kenya the government mining wallahs are already licking their chops.

As an incidental I have revised my views on Zambia, i.e. NW copper belt extension. The government know they screwed up big time with Kaunda and his successors.

TAL = +6.6% 10 mins after opening (74k).

Last two posts @ 13:56 and 14:03 are useful.

L2, I have noted at least twice that your herald of increased offer rate preempts Hal by at least two minutes before it goes to NT to tie in with your figure. So it remained @ 17.49p for a fair bit and is now sat on NT only. Of course, it is difficult to understand why it dropped below 18p several days back.

Yes, the locals have their government over a barrel. They adopted "entitlement" a while ago. Lima has no option other than to play ball. (That local newspaper links seems quite quick to report news.)

[Still NT @ 14:21]

Only one semi-useful contribution to make today:

https://diariolaregion.com/web/?s=petrotal

I definitely regard PTAL as a strong performer this year.
Will just have to hope the local communities keep their protests within reason.
Unfortunately Bretaña is the primary lever to get the government's attention.

Unless interpretation is way out of kilter I assume fund managers are taking up stock whilst private investors treat PTAL with disdain, reacting only with kneejerk decisions. If correct, return to a modest divi must be a possibility.

As there has still not been an indication on excess share status I have to assume many still await outcome . . . had understood it would be finalised yesterday.

Assuming 200k barrels went down-river in February total 2021 sales until 02/03/21 have averaged 11,438 bopd. Unearthing information on the two blocks is no easy task . . . shall have to be content with company updates.

I had considered emailing MZ on a few fundamental points but decided he would not be inclined to waste time on a retail investor's enquiries.

@ 11:16
You present an angle that I had not previously considered.
I did receive a reply from my Aussie contact last night but the moderator seems to have deemed it to be unsuitable. Fair enough and I shall not again make the mistake of submitting balanced news feeds on LSE. Either way it is a huge disappointment seeing a slide in the SP.

Reverse listing
https://eastafricanminingnews.com/kenyan-gold-asset-scheduled-to-reverse-list-on-the-london-stock-exchange/
Huge re-equip required.
Can't see £4m covering it.
EZ probably steered well clear.

re: Kenya - today's soundbites

https://www.expogr.com/kenyaminexpo/detail_news.php?newsid=6189&pageid=2

" Exploration and mining firms in Kenya are undertaking exploration leading to the declaration of what is called the continent's largest gold discovery-1.3 million ounces of inferred gold along the Liranda corridor in Ikolomani, western Kenya".

Tanzania's secrets still have to be unearthed. Our knowledge of the region is scant. The greenstone belts are probably more numerous than we think. For instance -

o there are at least 23 ancient volcanoes (with one active). Four of them are close to NGLM and the bulk of the remainder lie north mainly around Kilimanjaro
o the last minor quake in the Singida district was 7 days ago. Although volcanic history is unknown it could be argued Ikungi is part of an ancient greenstone belt
o there are also 7 targets according to the new mine manager. I therefore do not go along with a statement that the new open mine is a waste of time. It will make a big contribution from 2022 onwards
o Yuri's knowhow and experience will form a big role. He is possibly focused on NLGM (and Lihranda) at this point
o starting with South Porcupine reserves far greater than now will be racked up this year

Until proven wrong I am not saying any part of Tanzania is going to replicate the Barberton greenstone granite belt (Kaapvaal craton). Deposits will likely be more modest and the locals have been digging up Au, Cu, etc for centuries. All Yuri has to do is track 'em and then get his more modern tech and tools out.

W.r.t. to Tanzania there are 120+ tribes in the country. It's possible there are 120 dialects but they mostly understand one another . . . a bit like the Xhosa and Zulu. Unlike DRC/Rwanda it's pastoral and hopefully will remain that way provided Islam stays in Zanzibar and Capo Delgado.

On the matter of that other stock I recall the colonel describing my cutting it by half as "mad". Well I can't dump the rest of it now. The loss would be quite heavy. New management should turn the ship around. When possible the plan is to quite substantially increase SHG. Have also been picking the brains if an Aussie geologist, who is filling in a few knowledge gaps on both copper and gold. Zambia is very much in the frame.