Member Info for ZaphodBeeblebrox

The pics of the chalcopyrite veins do look promising. Looking forward to the assays.

RNS Highlights below. Glad to see no lost time injuries (amazing for a mining op), gold pour up, gold recovery up and All-in costs (AISC) staying at around $1300, leading to increasing FCF, and decreasing debt. Hopefully the access to Stage 3 and 4 areas continue as smoothly as they say it's going. Again, when people are being moved away from their dwellings and livelihood I would like to know it is being done ethically. Otherwise , it looks like MTL are managing covid, supply chain and fuel cost headwinds well, and MTL return to being a strong buy for me.

GLA Zaphod

Finance and corporate
· Gold sold during Q3 2021 of 19,197 ounces at an average realised gold price of US$1,782 per ounce (Q2 2021: 16,429 ounces at an average gold price of US$1,807 per ounce).
· Gold sales of US$34.2 million in Q3 2021 (Q2 2021: US$29.7 million).
· Positive free cash flow of US$11.2 million in Q3 2021 (Q2 2021: US$5.5 million).
· Senior debt repaid during Q3 2021 was US$7.3 million (Q2 2021: US$8.3 million).
· Net debt as at 30 September 2021 was US$106.2 million (30 June 2021: US$111.0 million).

Mining Operations
· No lost time injuries occurred during the period.
· Ore and waste mined for the quarter were below forecast, at 2.64Mt (Q2 2021: 2.66Mt) of which total ore mined was 546kt (Q2 2021: 288kt).
· During the quarter, the resettlement of illegal miners and their infrastructure away from Stages 3 & 4 was significantly advanced. Access development to mine plan Stages 3 & 4 continues to be restricted in some important areas; however, Stage 3 development is proceeding.

Processing Operations
· Gold poured during Q3 2021 of 19,456 ounces (Q2 2021: 16,591 ounces).
· Gold recovery for Q3 2021 was 84.4% (Q2 2021: 80%).

COVID-19 Impacts
· Although the number of COVID-19 cases recorded amongst personnel at the project site increased during the quarter, operations were largely unaffected.
· All infected personnel and their traced close contacts have been/were isolated.
· Typical mining and processing operations continue notwithstanding COVID-19 pandemic impacts.
· COVID-19 vaccine programme of all staff commenced.

I am very happy with this license agreement. The sums to be paid by HEMO are modest when you think about the size of the prize, and it means that HEMO will continue to have the support and backing of a major pharma. Was pretty ****ed off earlier this year at the share price tanking due to stupid financial engineering, but am now much more confident of making a profit here despite my average over 3p.
Good luck to everyone, especially those who were not able or willing to average down after the share price fiasco this year.
Z

Am expecting an exciting Q4 2021 news flow. Could be a good Xmas.
Samples sent to Bureau Veritas Laboratory in Perth for full suite analysis.
"It is anticipated that the initial results will be available in 6-8 weeks."

More Boris blather ahead of the COP26?
How are the gas and electricity prices doing this winter in the UK?

Apparently you can't type out p-a-k-i-stan without LSE putting stars everywhere.
Lets compare with the following query , "Why was Osama bin Laden found in ****stan?"
Much like mentioning that jackass Matt Hanc-o-c-k!!
Weird eh?

Thanks to HH, Max, DRB83 etc for their weekend discussions which made interesting reading this morning.
Have been holding UFOshares now for over a year, but have to say HH is very right to be cautious.
Two major areas of uncertainty ahead I see are the geopolitical fortunes of China and the US , and energy prices rising due to the "Green" mania in the West. The USA has kindly gifted China the chance at a completed BRI corridor through Tibet-Kashmir-****stan-Afghanistan-Iran to the Middle East and potentially the Mediterranean. This should be bullish for iron and steel demand. However, the facts around China's causation of the covid pandemic (as well as US involvement in funding the research) are still emerging and we have not seen the repercussions of this play out fully yet. The next year will be very interesting.

Promising exploration update from the Coola project located 16 kilometres north of Longonjo rare earth development in Angola. I wonder how much of todays share price uplift is due to it?

Well done Ocelot for digging up the info that for Greenroc investor Kadupul Limited for 18.9%,
Mr Motasem Almotazbellah Khashoggi is the ultimate beneficial owner.
I wonder if he is any relation to the world's former richest arms dealer, Adnan Khashoggi? Stranger things have happened.

Thanks for sharing the Weiner video from Bloomberg Sharetiks.
He did mention 3 tools to fight the pandemic - vaccines, monoclonal antibodies and then other therapeutics where he stayed on message with Tizianas inhaled treatment. I do agree that treatments have been neglected due to political decisions to prioritise and push vaccines. However, due to Bill Gates and Co pushing to keep vaccines under patent, we can all see that much of the world is not going to receive vaccines for some time yet. And the vaccines fail to sterilise the virus, or even reduce viral load significantly for delta strain, as Israeli studies are illustrating, so treatments become ever more important.

Look forward to seeing the impact after assays on the resource estimation, but I have to say its looking good for on-situ recovery. I had to remind myself what a lixiviant was: a liquid medium used in hydrometallurgy to selectively extract the desired metal from the ore or mineral. Not a word bandied about in the pub too often (unless hanging out with mining engineers and geologists, I presume :-)

Spot on jollygoodya. Still early days with promise of much more to come at Fare.......very encouraging RNS this morning.

Also from HL:
Important information for ISA Holders
"Accustem Sciences Ltd are not listed on any exchange and therefore under HMRC rules, the shares do not qualify to be held within an ISA. The shares must therefore be removed from your ISA.
In order to continue to hold these shares on our platform they will need to be moved into a Fund & Share Account."
Well done to GC and KS for being as useless and incompetent on the Accustem demerger as Biden and Harris have been on the Afghan withdrawal. At least we might just get away with our shirts, while losing tax protection due to their unbelievable slowness.

Am enjoying the positive news flow too investverysmart (I hope you live up to your moniker :-).
This is the first SNPC payment in years, from my recall of events at AAOG. So a very good sign - national oil companies usually hold the whip hand over small foreign companies, so it is a good sign that they are living up to their obligations and starting to pay what is owed.

Morning mls678 and fellow Zenith holders. Dropping in after this morning's RNS.
2 value adding takeaways for me:
a) ROB-1 workover costings $550k, should pay pay in 10 months if production raised to 50 bopd, faster if higher.
b) intention to update our independent Competent Person's Report to also include the reserves of the El Bibane and Robbana concessions should underpin the valuation of the company.

Waiting patiently for Tilapia news....

Thanks for that reminder, Boards of UK.
Been with ROCK just a year, but am a long suffering (since 2015) holder of XTR which has at last got something interesting in the Lachlan Fold Belt.
Still waiting patiently to wake up rich........one day!

This is great news from Copperhead, and the starting pistol has been fired to a news rich period.
The pegmatites could hold some surprise upsides - glad they are testing for lithium.

The gravity anomalies at Plateau also sound very promising.
Plenty for the geo-magicians at ROCK to be getting on with!

Very encouraging RNS and lots more results to come. Happy holding on to my shares.

TrekMadone
You are defintely right that in the July 2021 presentation they say they have $1.1 mln cash, and then at the end they state they are "Fully Funded -Focussed on copper resources, plusgold & uranium discoveries....". Complaints are certainly in order.

This placing, thankfully at a relatively small discount, tells me that the new exploration manager may have not considered the company fully funded, and is keen to get more drilling and studies done. Fingers crossed that is the case now the company have doubled their cash reserves.

Z

Looks like we have seen the bottom. The only way is up!