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That was quick . . . I wonder if Micromine are doing the modelling and if most cores are being flown from Goma to Lanseria. Not very long to wait for the MRE particularly as second target drilling will soon start with a brand new rig from Jhb.

@ 10:26 That was an OTC trade . . . we are unlikely to know the source or implications.

A time will come when RMR attracts massive attention. With three drilling rigs onsite the real evidence of "wraparound" mineralisation on the granitoid flank is keenly awaited. Next webcast can't come soon enough.

Can't say I am overly impressed with GTE's "firm and final offer". Unless that company's finances have radically improved (unlikely) the meagre evaluation should be quickly trashed. I also remember their summary dismissal of Dana Coffield and other incidents. Graham Heath's hard work in Canada doesn't seem to be being treated with much respect.

We don't want to see another SHG grab for many years to come.

Retrace and dry season effects fully anticipated. I think you'll find Sturm and others are awaiting future application of cash pile and two credit facilities, or perhaps you think Manolo et al are gleefully counting their treasure trove.

My own view (stated a while back) was a treading water phase. Spare funds were diverted to Marshall A. Now waiting to see if first lateral can be drilled at LosAngeles and how the Napa pilot fares.

In the meantime have gone walkabout in Kivu with enquiries to management there. Big week ahead on all subjects . . ..

24/08: Very useful points and a balanced argument. I think most readers are here for the long haul and PGM basket will determine direction.

Https://money.tmx.com/en/quote/AXL

. . . should be a fair wind this week although I am going walkabout elsewhere.

Https://alphaminresources.com/wp-content/uploads/2019/11/Alphamin-NI-43-101-Technical-Report-Updated-Feasibility-Study-and-Control-Budget-Estimate-Report-23-Mar-2017.pdf

Bisie north deposits are likely to replicate values found at Mpama. (Statement based on past experience for the Bushveld, Mpumalanga, Great Dyke/Ngezi, Kabompo domes and elsewhere.)

https://www.google.co.uk/maps/place/alphamin+bisie+mining/@-1.0385625,27.7438125,3a,75y,90t/data=!3m8!1e2!3m6!1saf1qipnfot2gysjql7ottpij9d4bgeyxozsyqfw2rsi-!2e10!3e12!6shttps:%2f%2flh5.googleusercontent.com%2fp%2faf1qipnfot2gysjql7ottpij9d4bgeyxozsyqfw2rsi-%3dw203-h203-k-no!7i1056!8i1056!4m15!1m7!3m6!1s0x19e12d820668a4fb:0x9201bfc5dd4f2a4f!2salphamin+bisie+mining!8m2!3d-1.0385625!4d27.7438125!16s%2fg%2f11h9z73zmr!3m6!1s0x19e12d820668a4fb:0x9201bfc5dd4f2a4f!8m2!3d-1.0385625!4d27.7438125!10e5!16s%2fg%2f11h9z73zmr?entry=ttu&g_ep=egoymdi0mdgyms4wikxmdsoasafqaw%3d%3d

following further investigation i am adding to an initial buy-in. there is a very strong case for clinging to pb's hype over near-term mineralisation results.

past experience is limited and mainly confined to the bountiful katanga province. management apparently are unfazed by kabali et al shenanigans although my own judgement is clouded ever since the days of patrice lumumba. other than asking a few questions at the csir pretoria on separation techniques for multi ****tail metals across rmr's 38sqkm license area i am unlikely to become a frequent poster.

today's sp movements were possibly mostly to accommodate new entrants. the trend may continue and it will be interesting to learn who is climbing aboard.

it would be interesting to learn if pb has anything more to add on the complication of zama-zama artisanal miners even if the paradox is somewhere down the track.

Https://www.miningweekly.com/print-version/rome-resources-starts-drilling-at-drc-prospect-2024-08-05

https://www.ecofinagency.com/mining/2208-45797-drc-rome-resources-unveils-initial-drilling-results-for-bisie-north-tin-project

RMR is now attracting more attention. Investors will not have overlooked Alphamin's 338% returns in last 5 years.

https://finance.yahoo.com/news/those-invested-alphamin-resources-cve-120101861.html

. . . too soon to say Mont Agoma / Kalayi have stronger mineralisation than the Mpana mine although Klaus E believes it to be the case. Early days . . .

PB makes a lot of sense in his July discussion. RMR is likely to be my last foray into AIM. Primary interest is in producing companies with no debt and showing a return on investment.

Indeed, although most support is on the other board. Following Majid's volte face (not the first culprit this year) I have diverted more cash to AXL in expectation of further growth.

Addendum

. . . "and maybe expanding outside Peru" with Iquitos becoming the company's most important hub follo.wing LosAngeles field light blend

NGH, your reference/post is important, and indicates a way forward with the cash pile.

The https://stream.brrmedia.co.uk/broadcast/preview/666ae961ee30aaf32018b5c3 has been added to the portal. More building blocks are now added in readiness for 2025, and a daily output of 50k bpd looks within reach.

The presentation is supported by an AI transcript (although it is not fluent) --https://ca.investing.com/news/stock-market-news/earnings-call-petrotal-reports-robust-q2-2024-results-plans-expansion-93CH-3549372

Several points have been added to what we already know. The most noteworthy is the Napo route being navigable when the Ucayali/RioNegro has its dry season.

With a longer lateral (more perforations) the well is likely to confirm the science and near-term prospects. Marshall is unlikely to be overhasty in pushing for disposal of the company.

. . . a satisfactory bulwark for investors planning retirement because pensions' policy is likely to remain choked for at least 4 years.

"PetroTal has visibility towards an active evacuation capacity of 50,000 barrels per day by 2025" . . . nice work if you can get it.

Https://www.perupetro.com.pe/wps/wcm/connect/corporativo/ff6e5714-5f4c-4352-be74-6b34621f0433/L107-Modificacion.pdf?MOD=AJPERES

I note Manolo's signature on the contract but have yet to translate or find an expiry date.

@ 18:14 - Well, that news is certainly going to cause a stir in PTAL H/Q although they might have been preparing for it for some time . . . SP movement in next few days :)

Https://larepublica.pe/economia/2023/06/03/petrotal-se-hara-cargo-del-lote-8-de-loreto-perupetro-isabel-tafur-lote-95-162654

https://larepublica.pe/economia/2023/09/06/isabel-tafur-lote-8-petrotal-descalificada-por-no-cumplir-con-patrimonio-neto-perupetro-va-por-upland-cheiron-loreto-361044

https://larepublica.pe/economia/2024/01/27/lote-8-upland-oil-and-gas-llc-es-calificada-en-negociacion-directa-por-perupetro-loreto-minem-mef-petrotal-1064691

Although Upland has 4 years in which to meaningfully address the repair/resumption of well workovers the likelihood is they will cede and pass the baton to PTAL. Manolo almost certainly has the block on his bucket list (otherwise he would not be stockpiling cash and opening so many lines of credit).

Quote: "Petrotal was very interested for a long time . . ."

Other points -

a) 3D seismic east of Bretana is keenly awaited. However, opening up the terrain is problematic. Also, use of a Ucayali subtributary to the SE looks to be sub-optimal which could mean pipeline construction to the jetty

b) if Block 8 remains a target, and #131 development a priority, Osheki #107 may be pushed into the background

c) my focus is on three other companies, and PTAL remains long term. Marshall Abbott's comments and Gavin Wilson's influence will bind the joint progress in both of them. Other LTHs might be able to add their views.

[GGG - Whatever the content, if you use invective, plus innuendo, it's going to be deleted, even following a casual observation . . . as happened in my case with a semi-literate.]

Https://www.londonstockexchange.com/stock/AXL/arrow-exploration-corp/company-page

As a guide I find the above a useful trend indicator. Two reports are expected this month.

Perhaps it would have been practical to have taken up more stock when @19/20 . . . wise after the event.