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@Leon Softening the profit-over-people optics, tech giants $AAPL $BB #Motorola and #Intel have decided to move away from allowing conflict minerals into their products and towards using ethically mined 3Ts. #tantalum #tin #tungsten #DRC www.cbc.ca/news/world/trump-conflict-minerals-congo-1.4025968
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from #index,
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@MiningBookGuy 6. $ORG Orca Gold point #3 cont... It would not surprise me at all if only a handful of CEO.CA were aware of the following news back in 2009: http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/red-back-to-buy-moto-goldmines-for-513-million/article4355021/ I actually think this is a PERFECT place to end this super long ~AUfrica rant! The thing is, it's just amazing how much can change because one deal falls through, or a superior bid comes in. And this even gets back at the $SWA value proposition: Do people realize that the core $SWA team ran Moto Gold Mines, which is now the FLAGSHIP mine for $RRS.L Randgold in #DRC #Congo?? I have mentioned this before, and it's in $SWA materials. But really, there were only 2 #Tier1 mega Africa gold stories in the mid-2000s that I'm aware of: #Redback with #Tasiast, and #MotoGoldMines with #Kibali. Basically, what #Redback was trying to do in 2009 could be EXACTLY like what they could attempt here! But IF the $EDV $ACA.L merger HAD taken place, what $SWA has in the #SoutHoundeBelt could have ended up looking like what #Kibali is for $RRS.L and #AngloGoldAshanti as partner as a the top project/mine for a senior miner. So I am definitely reaching with $ORG as a possible acquirer or merger with $SWA ...but elements are there! And I only touched on 3 possibilities here...the big picture is that $SWA is much more 'open-game' for mid-tiers now, rather than being consolidated into a powerhouse major ~AUfrica
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@MiningBookGuy @Brendan - thanks for mentioning $RSG.AX. They definitely should be looked at as a 'dark horse acquirer'. But for whatever reason, they've publicly focused on 2 potential acquisitions (and current investments) outside of #WestAfrica: $KGL in #DRC #Congo, and $MSR.AX in #Tanzania. I know they have many exploration projects in #WestAfrica, and flagship mine in #Mali (with advanced development in #Ghana). It's a good one to be aware of, and the main reason most people probably don't follow it is because it's only listed on the ASX. #ASX-Stocks And I agree with you on $TGZ! It feels a lot like $EDV a few years ago, and I am sure this is NOT a coincidence. Who wouldn't want to be 'the next $EDV'? both in growth profile and stock price appreciation :) ~AUfrica
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@PamplonaTrader Militia fighters decapitate 40 police officers in Congo ambush http://www.reuters.com/article/us-congo-violence-idUSKBN16W0HN #cobalt #copper #DRC $KAT $IVN
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@PamplonaTrader BHP, Vale, ShanShan were all stakeholders in the KNP during the last cycle. Norilsk also owned assets in the immediate area including the Cawse HPAL plant, which is currently on C&M. $ARL.AX is both a cheap option on #cobalt #nickel as well as a #DRC put (a situation which I believe will come to a head by y/e). Robert Friedland, Rick Rule are believers in the cobalt story. Waterton Global and $RNX are also players. For #cobalt speculators, I can't think of a better assymetric trade than $ARL.AX.
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@BreakingBad01 $AVZ.AX Anybody looked at this #DRC #Lithium play here? Arguably the largest Lithium reserves in the world at Manono-Kitolo. Lot of historical documentation (some drill results from 80s) - researchers have estimated contained Li metal at 1-3mt in shallow #Spodumene. Substantial #tin and #tantalum. Led by world famous geologist - Klaus Peter Eckof (of the 20m oz Motogold / #Rangold fame). US$19m market cap http://cdn.ceo.ca/1cdotaf-Geography%20-%20Manono%20Kitolo.jpg+ http://cdn.ceo.ca/1cdotp9-Manono%20Kitolo.jpg+ http://cdn.ceo.ca/1cdotp9-Manono%20Kitolo.jpg+ http://cdn.ceo.ca/1cdotq0-Manono%20Kitolo%20-%20Map.jpg+
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@MiningBookGuy Amani reports intercept of 105m at 7.33g/t Au from infill drilling at Kebigada, Giro Gold Project http://www.asx.com.au/asxpdf/20170410/pdf/43hdnm85r2yll0.pdf $ANL.AX #gold #DRC #Congo ~AUfrica #index Fantastic infill hole! Wish I didn't sell all my shares. An interesting one to keep following. #ASX-Stocks
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from ~aufrica,
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@0Kib New position in $ANL.AX. Would look to scale up during a correction. #DRC #gold play.
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from #anl.ax,
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@0Kib Adding more $ANL.AX around $0.042.Offer side thin so not easy to scale up size #DRC #Gold #KlausEckhof
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from #anl.ax,
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@0Kib 2000 sq KM prospective tenements adjacent to a large producer (0.6m oz/yr).RC/Diamond rilling campaign on to define the resource. Both quartz and sulphide #Gold mineralization. Best #DRC geologist.Probably a 5m oz property eventually (my guess). $ANL.AX #KlausEckhof
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from #anl.ax,
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@PamplonaTrader AFP news agency ↗ @AFP #BREAKING South Sudan ex-rebels hold dozen UN staff hostage in DR Congo: UN official #DRC
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from #index,
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@0Kib Adding more $ANL.AX today #gold #KlausEckhof #DRC
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@MiningBookGuy RE-POST from @londonkiwi with additional tags: Glencore Cobalt Supplies in Congo Face Hold Up Over Mine Row https://www.bloomberg.com/news/articles/2017-04-18/glencore-cobalt-supplies-in-congo-face-disruption-over-mine-row $GLEN.L #Glencore #cobalt #DRC #Congo #Gecamines ~AUfrica "A dispute between state-owned Gecamines and its joint-venture partner at a Congolese cobalt mine that supplies Glencore Plc threatens to halt the supply of as much as 4 percent of the metal within two months."
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from ~aufrica,
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@MiningBookGuy RE-POSTING for proper tagging + comments: Randgold Resources: Kibali heads for full production @marketwired/randgold-resources-kibali-heads-for-full-production $RRS.L #Randgold #Kibali #DRC #Congo ~AUfrica Very impressive mine...but also a very important #DRC #Congo #MiningCode concern. I will copy the full quote at the end of the NR, this is worth monitoring for ~AUfrica followers: [It was a source of concern, however, that the DRC government had once again signalled its intention of reviewing the country's 2002 #miningcode with the clear intention of maximising state revenue, Bristow said. This could have a very negative impact not only on the mining industry but also on the economy. "Now more than ever the #DRC should be focused on retaining its existing investors and attracting new ones. It's certainly not the time to harvest more from less for short term gain. It's my sincere hope that this time round the government will engage the mining sector fully in the proposed review to achieve an outcome that will be in the best interests of the Congolese economy as well as the country's mining sector," he said. "The existing code is in fact a good one but it is not always being applied effectively and there are still many mining operations that do not operate under the code. There are also a number of issues and challenges which mining companies are having to face which make operating in the DRC more challenging. In #Kibali's case, these issues include more than $200 million in unpaid TVA and duty refunds."]
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from ~aufrica,
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@MiningBookGuy $RSG.AX #EuropeanGoldForum: webcast: http://www.europeangoldforum.org/egf17/company-webcast/RSG:AU/ powerpoint: http://wsw.com/webcast/egf17/rsg.ax/presentationDownload.pdf This is a strong presentation from John Welborn, and made me realize that $RSG.AX is a serious player in #WestAfrica, and #Africa overall. They have a mine in #Australia, but #Africa is clearly the focus. #Syama is a really impressive mine in #Mali, and it seems like there's potential to greatly increase mine-life. Importantly, $RSG.AX is a big player in #exploration, with strategic investments in $KGL $MSR.AX $OKU.AX, which are in #DRC ( #Congo ), #Tanzania, and #Mali respectively. See this slide for confirmation of interest: http://cdn.ceo.ca/1cfjpbi-Resolute_Exploration.png+ Note that Welborn is asked about $OKU.AX and #Mali at the end of the presentation. He really likes the #Fekola $BTO area, based on his previous experience. If one just focuses on the Canadian Exchanges, it would seem people are mostly ignoring #Mali. But it's clear that $RSG.AX is stealthily trying to get positions in key areas like this (though IMO, $OKU.AX is greatly overvalued as a specific example right now). Anyway, the point is that this is a very informative and well-done presentation. And it's worth following $RSG.AX as an important player (a parallel is $ACA.L, which is also underfollowed simply because it lacks a Canadian listing). Shout-Outs to @Brendan & @Nick who have been following this one for a while! ~AUfrica #mbgtrends
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from ~aufrica,
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@MiningBookGuy The Anglos Are Coming To Francophone Africa With An Appetite For Investment http://afkinsider.com/138670/the-anglos-are-coming-to-francophone-africa-with-an-appetite-for-investment/ #Senegal #Cameroon #IvoryCoast #DRC ( #Congo ) #Mali #BurkinaFaso #Gabon #FrancophoneAfrica #Africa ~AUfrica This is a really interesting article I forgot to post, from about a month ago. Worth scanning for 'emerging' jurisdictions throughout 'Francophone Africa' (even if this isn't especially focused on mining).
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from ~aufrica,
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@MiningBookGuy @FundamentalAnalysis - got a lot i need to catch up on in #mbgtrends today! but to answer your question, $AUE.L $AUE (was Aureus Mining, now Avesoro $ASO $ASO.L )was a bigger disaster than $BAA, especially because i think even more issues came from poor management. both poor operations and poor financings (ex. massive dilution because management didn't have skin-in-the-game). i almost bought shares many times, luckily didn't. like $BAA, there were uncontrollable factors (both #DRC and #Liberia have all sorts of issues, both gold). So it makes an interesting 'disaster comparison' *EDIT - just noticed $AUE.L $AUE charts still intact at CEO.CA! that's helpful to follow key points where the stock got slammed.
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from #mbgtrends,
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@Excelsior @MiningBookGuy and @FundamentalAnalysis - I've been eyeballing $ASO $ASO.L Avesoro as a potential turn around story, because I'm not sure how the new team could screw things up much worse. Do you think they have a chance at a reboot with a new start from their shattered status? Also, do you really think that #Liberia is in the same nasty category as the #DRC ? #DisasterComparison on #mbgtrends
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from ~aufrica,
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@0Kib "High grade mineralisation was intersected in all infill holes lines with exceptional results of 36m at 6.56g/t Au from 14m including 14m at 15.15g/t Au from 15m and 65m at 7.73g/t Au from 74m including 44m at 10.69g/t Au from 85m...Completion of the infill programme is expected around end of April 2017, with all results reported by mid-May 2017. The maiden mineral resource estimate is expected in June 2017" Adding more $ANL.AX #Gold #DRC
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from @0kib,
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@0Kib $NZC.AX I should be buying more of this. The contained metal ( #Copper, #Cobalt in equal $ quantum) is equivalent to 7g/t of Au. That's just exceptional. No known metallurgical issues. And it's shallow and adjacent to $IVN's #Kamoa #Kakula in #DRC so infrastructure is no problem. Cashed up ($10m+ or 20% market cap is cash) and drilling now to expand the resource. 90%+ float cornered by institutions.
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from #nzc.ax,
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@0Kib $ANL.AX added more this open. There is a nice little overhang of 400m+ 5c options that expire in July and tax loss selling at June end. That should maybe keep it rangebound and provide an opportunity to accumulate it. Maiden resource estimate expected soon. Drilling ongoing #Gold #DRC
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from @0kib,
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@0Kib Those 5c options acting like magnets. Stock was down 11% earlier but now up 8%...Bought a chunk near intraday lows. $ANL.AX #Gold #DRC
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from #anl.ax,
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@0Kib $ANL.AX some excellent drills results reported today including 105m @ 1.37g/t Au and 62m @ 1.75g/t Au #Gold #DRC #Kebigada
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from @0kib,
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@MiningBookGuy @tinybullstocks - $KGL mostly missed on drilling. poor #sharestructure from last raise. in a shaky part of the world in NE #DRC #Congo. Only thing i like is the $RSG.AX investment and cash right now. But $RSG.AX has their hands in other juniors in #Africa as well, including $MSR.AX and $OKU.AX. $OKU.AX actually hitting with positive results. In summary: I would say $KGL requires a lot of caution EVEN with all the cash.
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@MiningBookGuy Amani to Raise $25M AUD with 'Cornerstone' to Underpin Exploration and Development Activities http://www.asx.com.au/asxpdf/20170510/pdf/43j54t4dybx15k.pdf $ANL.AX #gold #DRC #Congo #DrillPlays ~AUfrica #index The Cornerstone Investor's name is 'Lucky Winner Investment Limited', a Chinese Group. Raise at 0.05 AUD with the equivalent of 2 year half-warrants at 0.07 AUD.
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from ~aufrica,
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@0Kib But it is good to have the Chinese in a difficult jurisdiction like #DRC - a small insurance policy a-la $IVN.... I think eventually this will be a 5m+ oz #gold property (adjacent to a 20m oz operating mine) $ANL.AX
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from @0kib,
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@0Kib Yes Chinese buying a 28% stake at a good premium to SP. But I hate such endless dilutions. They eat away the market cap. $ANL.AX #Gold #DRC
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from #anl.ax,
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@MiningBookGuy UPDATE 2-Congo's Kabila names transitional govt, defying main opposition http://af.reuters.com/article/drcNews/idAFL8N1IB57G?pageNumber=2&virtualBrandChannel=0&sp=true #DRC #Congo #Kabila ~AUfrica Still a big unknown here, leaning negative...I think #DRC #Congo risks are generally greater than perceived. But still very prospective.
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from ~aufrica,
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@MiningBookGuy @Ruffus23 RE: https://ceo.ca/edv?37015842a4b6 #ebola #DRC #Congo - I saw you posted this in $EDV room. But $EDV has no known interest in #DRC #Congo. This is NE Congo, as posted by @ayeyou earlier: http://news.sky.com/story/person-tests-positive-for-ebola-in-democratic-republic-of-congo-10874168 Companies with the most concern in the region include $RRS.L #Rangdgold $AGG.AX #Anglogold $KGL $ANL.AX $AFM, and likely some others I'm not aware of. #ebola really devastated #Liberia a few years ago, and the next most impacted country was #Guinea to my understanding. It DID happen in #DRC #Congo in 2014 as well. but thankfully was contained as written in that article: "The DRC suffered a three-month outbreak of Ebola in 2014. Although it was quickly contained, 49 people were killed." This is important to monitor, and I thought it was worth putting into context. #Africa ~AUfrica
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from ~aufrica,
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@MiningBookGuy @Amicus RE: https://ceo.ca/~aufrica?1233c7cdee92 - I do not own $AFM. I did catch that #RickRule clip, and it does sound very interested. NorthEast #DRC #Congo is likely somewhat at risk for #ebola outbreak in general...it's VERY hard to tell. As you mentioned, #Congo is at risk for A LOT of different things. I do not necessarily think #ebola is one of the top risks at this point, but that could change in the coming weeks. For #tin, $AFM does sound like a true standout, I believe Rick even said #Tier1 (*edit - @BruceWayne confirmed he DID say #tier1, I just checked the $AFM room). I am at least more interested in learning in about #tin as well, simply from the clip. ~AUfrica
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from ~aufrica,
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@MiningBookGuy @Amicus - consider this the beginning of #ebola coverage in ~AUfrica: BREAKING: WHO confirms second Ebola case in Congo outbreak http://www.reuters.com/article/us-health-ebola-congo-idUSKCN18A0ZP "The World Health Organization (WHO) confirmed on Sunday a second case of #Ebola in Democratic Republic of Congo after an outbreak this week of 17 other suspected cases. Health officials are trying to trace 125 people thought to be linked to the cases identified in the remote northeastern province of Bas-Uele province in northeastern Congo near the border with Central African Republic, WHO's Congo spokesman Eugene Kabambi said." #Congo #DRC #CentralAfricanRepublic #index
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from ~aufrica,
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@0Kib Good intercepts again from $ANL.AX. On its way to a 5m+ oz #Gold resource in #DRC next door to a 20m oz operational property and with 28% shares soon to be owned by the Chinese. http://cdn.ceo.ca/1chn0rc-IMG_5511.PNG+
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from @0kib,
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@MiningBookGuy @FundamentalAnalysis - ah, so on Platreef, the thing is #platinum was SUPPOSED to be one of the huge outperformers over the last year or two. What happened?? where did all the #platinum / #palladium bulls go? I know there are some still out there. But notice how we always hear IVN/copper these days? And even worse, #SouthAfrica has more negativity going for it than #DRC Congo. I'm not saying Platreef is 'bad'. But I am saying that IVN cleverly adapted the message. IVN COULD have focused on Platreef with all the recent messaging IF PGMs and South Africa were doing better, AND there wasn't a major Kakula discovery. It's just something worth thinking about as a case-study. IMO, I think IVN has played their hand as well as they could have the last few years (at least so far). It's worth thinking about how this plays out in other companies that have multiple projects, because IVN is currently the 'gold standard' on how to do it right (*and please note I'm not a shareholder) #mbgtrends
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@MiningBookGuy DRC Ebola Outbreak: Government confident the virus can be contained https://www.youtube.com/watch?v=_XQaKx2K-7Q+ #ebola #DRC #Congo ~AUfrica
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from ~aufrica,
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@MiningBookGuy Congo plans to re-introduce mining code revision next week http://www.reuters.com/article/us-congo-mining-idUSKCN18F0XD h/t @sndwky #DRC #Congo #MiningCode ~AUfrica #index
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from ~aufrica,
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@MiningBookGuy DR Congo health officials: Fourth death reported, 37 cases confirmed https://www.youtube.com/watch?v=nHuL6kHutPI+ #ebola #DRC #Congo ~AUfrica
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from ~aufrica,
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@0Kib Here's an example of a high grade, shallow, top quartile ASIC copper resource - Kalongwe owned by $NZC.AX. It has ~1.3bn Lbs of 2.7% CuEq grades or grades nearly 3x (!) that of $CDB. Owns 85% of project economics and trades at just 2.3c/lb because it's #DRC. It is 18-24 months away from first production. Arguably the cheapest high quality copper resource out there. Interestingly, Kalongwe used to be owned by #RobertFriedland and is just 13 Kms from $IVN's Kamoa-Kakula.
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from #cdb,
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@fb $NZC.AX land package permit covers 350,000 hectares (3,500sq km), huge discovery potential. And the fact that this is an open pit deposit with all the existing infrastructure. The quality clean copper concentrates (300,000 ton high grade copper, not Cu equivalent mix with gold) always find home even if it is in #DRC. @0Kib
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@0Kib Unless #DRC goes for a big slide, this stock is the least of my worries @fb Quality asset, great management, good shareholders, good balance sheet, great neighbors, great valuation $NZC.AX
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from @0kib,
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@DanO Today, a private investment group hired me to analyze/do dd on a co and their advanced exploration #DRC #copper #cobalt project. The interesting fact is that they already own an interest in the co. I wanted to highlight this so you (investors) would understand that it makes a lot of sense to do dd on your investment AFTER you have already invested (not only before). Don't just pray and wait for the miracle to happen. Your wife and/or bank account are going to resent that. Pay the coin and get valuable info on the project. I will tell you what's really happening behind closed curtains and most importantly what will happen medium and long-term. Is that little project ever going to be a mine? Is it attractive enough to stir up passions and tickle a major to make them open their purse and acquire the co? What if the hundreds of parameters that they use in estimations are bad? Get the good, the bad and the ugly. Then decide what to do with your investment money. http://www.miningandmoney.com/about
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@MiningBookGuy DR Congo jailbreak frees 900 inmates http://www.bbc.co.uk/news/amp/40242338 h/t @sndwky #DRC #Congo #jailbreak #Africa ~AUfrica #index Partial Quotes: "Eleven people were killed when militants attacked a prison in the Democratic Republic of Congo and freed more than 900 inmates, officials say." ... "The incident in Beni is the latest in a series of jailbreaks in the country. Last month about 4,000 inmates escaped from a high security prison in the capital Kinshasa following an attack blamed on a separatist sect."
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from ~aufrica,
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@MiningBookGuy DRC Mining Week Expo & Conference, Lubumbashi, DRC, June 23-24 http://www.mining-journal.com/events/conferences/drc-mining-week-expo-conference-lubumbashi-drc-june-23-24/ #events #DRC #Congo ~AUfrica #index "Randgold’s Mark Bristow, Ivanhoe Mines’ Guy Nzuru and World Bank senior mining specialist Francisco Igualada are among the listed speakers." $RRS.L $IVN
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from ~aufrica,
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@drezinho Sounds like Eckhof is taking a page from Friedland's playbook. "We are trying to get the resource up to 4-5 moz hopefully, that's basically the target. With the backing of the Chinese, we can be fairly aggressive." Giro is only 30km away from the 17 moz Kibali gold mine - the Randgold Resources Ltd/AngloGold Ashanti Ltd JV which Eckhof was instrumental in discovering. He is already noticing similarities between it and Giro. "Kibali, I mean that is pretty much the same as [Giro] in volcanoclastic rocks. You have also got the granodiorite intrusions. It is pretty much the same sort of setting," Eckhof said. "The question is if I have got multiple resources everywhere, I haven't got that yet. But then again... it took me four or ; five years to develop all the other separate deposits [at Kibali]." Made up of two exploration permits covering 497sq km, the Giro project sits within the largely unexplored Kilo-Moto belt. $ANL.AX #Kibali #Gold #DRC
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from #anl.ax,