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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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@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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@MiningBookGuy Sudan’s new cabinet gets sworn into office https://www.youtube.com/watch?v=N3zMQvXvDeQ+ #Sudan #politics ~AUfrica
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@MiningBookGuy Heavy gunfire erupts in Ivory Coast's two main cities http://af.reuters.com/article/topNews/idAFKCN18B0P5-OZATP "Heavy gunfire erupted on Monday in Ivory Coast's two largest cities of Abidjan and Bouake as the military said it pressed an operation to quash a four-day nationwide army mutiny over bonus payments, witnesses said." #IvoryCoast #Mutiny #Cocoa ~AUfrica
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@FundamentalAnalysis A riskier play, given that its only a small gold producer, but slowly I think $SHG.L is becoming more and more interesting. I'm not a buyer yet but depending on price action I maybe eventually. Company produces dore bars not concentrates so operating fine in Tanzania. current price is 7.26p...one of the large shareholders Ketan I believe has a big stake in the company. There are a lot of successful indian origin businessmen in Kenya/Tanzania as a side note so Ketan I would presume must know something to retain such a large stake.
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@MiningBookGuy Uganda Economy: South Sudan unrest threatens to cripple Ugandan traders https://www.youtube.com/watch?v=yQNg_Vhcyn8+ #Uganda #SouthSudan ~AUfrica
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@MiningBookGuy Egypt Economy: IMF approves loan instalment, praises reform progress https://www.youtube.com/watch?v=ptXhXRu-qCc+ #Egypt #IMF #inflation ~AUfrica
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@MiningBookGuy @FundamentalAnalysis - high risk/high reward for $SHG.L! #Tanzania has moved down my list as a jurisdiction in #Africa. It MIGHT improve...but I consider the recent news I've posted in the #Tanzania room to be some real negative momentum/hurdles that need to be overcome. I know it is a plus to be producing dore bars over concentrate. But it feels like the government is more likely to keep changing the rules than to stick to 'something that works', and that creates major uncertainty for investors, never a good thing. $ACA.L is still the bellwether...if things get better for them, it's a good sign for all other players! ~AUfrica
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@MiningBookGuy Cote d'Ivoire Unrest: Banks remain closed as soldiers' revolt over unpaid bonuses https://www.youtube.com/watch?v=mXo901eXDkE+ #IvoryCoast #Mutiny #BanksClosed #cocoa ~AUfrica
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@MiningBookGuy West African hits 472.2 g/t gold at M1 South 29.5m at 20.6 g/t gold from 349.5m http://www.asx.com.au/asxpdf/20170516/pdf/43j90k0qmny3dh.pdf $WAF $WAF.AX #gold #BurkinaFaso #Africa #HighGrade ~AUfrica #index High-grade results from depth at M1 South; - 29.5m at 20.67 g/t AU from 349.5m including 0.5m at 472.2 g/t Au - 22m at 10.52 g/t from 373.5m - 15m at 12.4 g/t Au from 431.5m
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@Vaughan Can someone with a geological mind tell me how $WAF is not more expensive. I keep seeing news release after news release of ridiculously high grades. Is there no continuity of resource or something? #MBGTrends
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@MiningBookGuy only around for a few more minutes. But I LOVE what this new $SWA NR means for the company strategically. The first image ( http://www.marketwire.com/library/MwGo/2017/5/15/11G138836/Images/News_Release_20170515_-_Figure_1-68a54c64a5199466a207b1e5ee23e518.jpg+ , from bottom of NR) is crucial for understanding the following: - There are now FOUR, 100% owned properties surrounding #GoldenHill for $TGZ ( #Bondi + the #ThreeBee properties announced in this NR). - It's very clear that IF further discoveries are made at #GoldenHill, $TGZ is going to have to 'do something' with $SWA (ie. strategic investment, takeout, etc.) - $SWA has A LOT of opportunity for further exploration potential here. Unfortunately, rainy season is coming soon. But I think this solidies the combination of #consolidation / #exploration as value drivers for the company - $SCA (Savary) has nothing to do with all of these new properties. #Karankasso is very important to both companies...but this further emphasizes how strategic #Bondi was in the first place, with this #ThreeBee announcements - And as part of the #ThreeBee, #Botoro (the new one) is especially key, as it's adjacent to #SouthHounde, the #1 property for $SWA that $ACA.L is earning-into at the moment. This further emphasizes the possibility of a bidding war between $ACA.L and $TGZ (let alone other players, because $SMF is in this mix and perhaps purposefully not included in the map), if ANY major further #exploration is achieved. BOTTOM LINE: I think announcements have been slower than expected for $SWA. But this is a BIG one, and I look forward to progress in this area. (*Disclosure - I am a very biased shareholder of $SWA & $TGZ, with a small position in $SCA as well) #BurkinaFaso #SouthHoundeBelt #HoundeBelt ~AUfrica #index @marketwired/sarama-resources-increases-exploration-interests-in
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@MiningBookGuy BREAKING: Ivory Coast soldiers agree to end mutiny, return to barracks http://www.reuters.com/article/us-ivorycoast-military-agreement-idUSKCN18C0ZP?il=0 #IvoryCoast #mutiny #cocoa ~AUfrica back to business! but still potential for issues. good coverage on this, at the end of the partial quotes below: "Renegade troops in Ivory Coast accepted a government proposal on bonuses and returned to barracks on Tuesday, ending a mutiny that had closed businesses, shut major roads and threatened years of economic progress in the world's top cocoa producer. ... Cocoa exporters at Abidjan port resumed buying beans from the country's interior after a one-day closure, and banks re-opened. The western port of San Pedro remained closed, but exporters there said work would recommence on Wednesday. International commodities traders Olam International, Cargill [CARGIL.UL] and Barry Callebaut ship cocoa from both of the ports. ... The agreement risks angering other factions in the military, who launched counter-mutinies after the government paid the mutineers bonuses of 5 million CFA francs ($8,400) each in January. It could also provoke a new strike by public sector workers, who resent the soldiers' ability to force government concessions through violence."
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@TheNextBigRush Good to hear about an agreement @MiningBookGuy - that was short-lived! It happened in Brazil earlier this year too...
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@MiningBookGuy @TheNextBigRush - yeah, it was intense following the news the last few days...when i first started posting at ceo.ca, there was the attempted coup in burkina and then the presidential elections. thankfully things worked out...but you never know! whatever happens, at least we know that commercial mining is vital to most of the economies of #WestAfrica
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@MiningBookGuy @Vaughan RE: https://ceo.ca/~aufrica?1007e9ea4dd5 - seems the 'geological minds' of CEO.CA don't seem to care about your $WAF $WAF.AX question. @Teevee, any thoughts from you on the following question from @Vaughan? "Can someone with a geological mind tell me how $WAF is not more expensive. I keep seeing news release after news release of ridiculously high grades. Is there no continuity of resource or something?" @Teevee is the only respected 'geological mind' I know that had an interest in $WAF at an earlier stage of the company. Maybe some quick new thoughts? ~AUfrica #mbgtrends
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@Ruffus23 Ore has been forgotten lately. I expect updated reserves soon. Very good drill results last month.
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@Vaughan Ore has been left for dead, no doubt
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@MiningBookGuy Kenya Oil Industry: Tullow discovers new oil well in northern Kenya https://www.youtube.com/watch?v=lyoWNWMsv18+ $TLW.L #Kenya #oil #discovery ~AUfrica
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@MiningBookGuy Senegal-Ghana Ties: Two presidents discuss regional security, ECOWAS https://www.youtube.com/watch?v=oLoCTIKMHto+ #Senegal #Ghana #WestAfrica #ECOWAS ~AUfrica
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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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@Excelsior Canada’s $TV Trevali picks up $GLEN.L Glencore #zinc mines in #Africa Shareholders have approved the planned #acquisition, worth about $400 million. Cecilia Jamasmie | about 5 hours ago #Index ~AUfrica http://www.mining.com/canadas-trevali-picks-glencore-zinc-mines-africa/
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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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@MiningBookGuy Tanzania: Acacia Mining to Lay Off 100 Employees, Close Buzwagi http://allafrica.com/stories/201705190076.html $ACA.L #Tanzania #gold #Buzwagi ~AUfrica This is close to the original plans...but perhaps accelerated because of ongoing tension between $ACA.L and #Tanzania government.
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@MiningBookGuy French President Macron's first non-Europe trip focuses on fighting extremism https://www.youtube.com/watch?v=Eh8kaiGOFJA+ #Macron #France #Mali #WestAfrica #FrancophoneAfrica ~AUfrica
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@MiningBookGuy Chinese Foreign Minister Wang Yi heads to Africa https://www.youtube.com/watch?v=0ZyIIZXpb7g+ #China #Africa ~AUfrica "The Chinese Foreign Minister has embarked on a trip to Africa. The five-day visit will see him tour #Mauritania, #CapeVerde, #Mali and Cote d'Ivoire ( #IvoryCoast ). This is Wang Yi's second trip to the continent this year. The first was in January, where he toured #Madagascar, #Zambia, #Tanzania, the Republic of Congo ( #CongoBrazzaville ) and #Nigeria. The visits are aimed at boosting Sino-African relations. They follow the recent conclusion of the One Belt, One Road Forum in Beijing ( #OneBeltOneRoad ). The initiative plays a vital role in developing African #infrastructure and economies. It also complements the African Union's Agenda 2063, which aims to integrate the continent and to develop sustainable economies."
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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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@MiningBookGuy Malian prime minister hails China's role in international affairs https://www.youtube.com/watch?v=IAREinmwrNM+ #Mali #China #infrastructure ~AUfrica
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@MiningBookGuy Chinese foreign minister vows support to Cote d'Ivoire https://www.youtube.com/watch?v=GCVWgB3s_po+ #IvoryCoast #China ~AUfrica
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@MiningBookGuy Egyptian president's profile boosted after Trump praises him https://www.youtube.com/watch?v=ODZU-dI0h-0+ #Egypt #ElSisi #Trump #MiddleEast ~AUfrica
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@MiningBookGuy $ACA.L Acacia Mining share price plummets after eagerly awaited report alleges firm hid exports http://www.cityam.com/265352/acacia-mining-share-price-plummets-after-eagerly-awaited ~AUfrica #index $ACA.L absolutely hammered today! Interesting how no one has mentioned this yet. Terrible 'news' for the company, not good for #Tanzania either.
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@FundamentalAnalysis $ACA.L hammered again down 11%..... see @MiningBookGuy I was paying attention :p
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@MiningBookGuy @FundamentalAnalysis - $ACA.L up a bit today as they try to 'hit back' at #Tanzania allegations: http://www.acaciamining.com/~/media/Files/A/Acacia/press-release/2017/update-on-presidential-committee-report_20170526.pdf Still very complicated/dangerous situation, and interesting to follow. ~AUfrica
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@MiningBookGuy Exclusive: Signs of more trouble in Ivory Coast as hidden hand saves mutineers http://www.reuters.com/article/us-ivorycoast-military-exclusive-idUSKBN18L2HP #IvoryCoast #mutiny #cocoa ~AUfrica interesting details here. speculation on 'what it means' for the future...but very hard to tell if this impacts foreign investment over the next few years. i will continue to follow closely
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@MiningBookGuy @marketwired/orca-gold-discovers-additional-water-resource-and-makes This is truly fantastic news for $ORG, and I'll add a few additional comments, because I think it's hard for someone new to the story to understand the significance here: -there have always been 2 big hurdles for $ORG: 1. jurisdiction risk/perception with #Sudan 2. #water problems -with this NR, we have completely wiped out the 2nd risk! I trust that this management team really has found the 'holy grail' in terms of putting the water issue to rest. This is a HUGE surprise to the upside. Based on previous presentations and my brief discussions with management, I was expecting any water discovery to allow for throughput to increase from 1.8Mtpa to roughly 2.3-2.4Mtpa. This still would have gotten annual gold production through the 100k oz/year threshold, which was already key -well instead of this, we blow right through 2.4Mtpa, all the way to 3.4Mtpa, crazy! HUGE, improvement, and as you scan the NR, you can see 135k oz/year gold production over the life of the mine, and 146k oz/year over the first 5 years. Again, this is HUGE! -I am 100% sure this will turn heads in the industry, but not as sure how long it will take for new potential investors (like retail at CEO.CA) to understand the significance here. There is 'likely' to be a removal of US sanctions by July on #Sudan. IF that happens, I think this project will REALLY get attention. But even if it doesn't, I am sure many mid-tiers are going to get really interested in $ORG (some examples being $TGZ or $EDV, especially since they are already focused in #Africa). In fact, $EDV might just now be getting interested, because these project economics now rival their other mines. -One question mark for me: A bit weird to go straight from PEA to DFS. I understand the reasons to rush. I also think it's important to realize the PEA seemed 'relatively conservative', because most of the ounces were already at least in the 'indicated' category, and NOT 'inferred' like many other PEAs. But this is an area where we need to trust managements experience/expertise to some degree, and it obviously helps seeing the #RedBack track record. Ok, long enough for now. Oh, make sure to compare the project NPV to current $ORG market cap. Crazy gap...AND don't forget $ORG has prime #ivorycoast exploration properties! I am 'very confident' this is now the 'best value' in the mining space for gold projects around the world (let alone #Africa), not at all reliant on the gold price needing to move up. I'll also tag #mbgtrends as this fits with many of our discussions in that room. ~AUfrica
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@MiningBookGuy This Key Gold Nation Just Escalated Its Fight With Miners http://piercepoints.com/mining-investment-exploration-tanzania-acacia-copper-gold-exports-concentrate/ #Tanzania #gold $ACA.L $ABX @PiercePoints #PiercePoints ~AUfrica #index Last Paragraph: "Amid such headwinds, Acacia and Barrick both said they may have to shut down the Tanzanian mines altogether. Which would be a significant blow to production for both companies — and to global gold supply. Watch for any last-minute reprieves from the government, and for announcements on next steps for these operations."
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@Excelsior #Miners frozen out as #SouthAfrica readies empowerment rules Bloomberg | about 2 hours ago ~AUfrica #Africa #Index http://www.mining.com/web/miners-frozen-south-africa-readies-empowerment-rules/
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@HHorseman @Excelsior What a shit show #SouthAfrica has become. "transform the ownership of South African mining assets” while ensuring the industry remains “globally competitive.”, Yeah good luck with that. If anything, this kind of development may lead to an additional pinch in the physical market. Good find!
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@FundamentalAnalysis @HHorseman @Excelsior talk about disaster and corruption. The people who set these rules are doing so to keep profits ultimately for themselves, not to spread around for blacks in general, and they use what's happened historically as a tool to do that and make it appear "nicer". I think its important to pay attention to gdp, gdp per capita, current account balances, capital account balances and in turn foreign currency strength versus the dollar etc....that tells you to what extent a country is ok or suffering. Commodity dependent countries, which have poor/deteriorating foreign investor relations, turn to resource nationalisation to prop up their own finances. #SouthAfrica
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@MiningBookGuy @Excelsior @HHorseman @FundamentalAnalysis - good #SouthAfrica comments in ~AUfrica panel! Posting a new piece in a minute that adds to the conversation
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@MiningBookGuy These Secret Emails Signal Big Problems For South Africa Mining http://piercepoints.com/mining-investment-exploration-south-africa-charter-chamber-mines-gupta-email/ #SouthAfrica #Zuma #SecretEmails #corruption #mining #Africa ~AUfrica #Index @PiercePoints #PiercePoints Last Paragraph: "If substantiated, these messages provide strong evidence that South African mining officials have been compromised — and could lead to a complete backlash against the ministry, and its policies. Watch for more developments on potential action against these politicians, for the release of new details on the mining charter, and the ensuing reaction from miners."
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@Excelsior Hi @FundamentalAnalysis - Sorry for the delayed response on $TGZ, but I've been in meetings all day and just got time to check in on market news and how the ceo.ca crew was doing. Sabodala is Teranga's main producing asset & plant in #Senegal, and it is projected to be a long-life low cost mine for the company. They have exploration upside around this mine at their Niakafiri, Goumbati West and Golouma North targets, and about 25 km away the Marougou & Doughnut deposits that show potential and were drilled in years past. Many of their projections show the Sabodala complex continuing to produce for 10+ years out, so there remains all that upside into an appreciating Gold price in coming years. Up until about a year ago, that was the value proposition for $TGZ, and I owned some shares back in 2016, {prior to the their #acquisition of Gryphon Minerals}, because Teranga was a well run company and I believed it was undervalued compared to peers. Even today it is only about 1/3 of the NPV and EV of many similar sized peers doing 200,000 ounces per year. In #WestAfrica I had watched the #takeover of True Gold by $EDV Endeavour, and Amara by $PRU Perseus, and I had a position in Gryphon Minerals because I projected they'd be the next good #takeout candidate. Last year when the news broke of their merger I was thrilled with the business combination, but the timing stunk (carried out from Aug-October of last year as the #Gold #producers cratered in price.... so nobody cared). Most gold mid-tiers producers have been stuck in the downward momentum since last summer, and the market never re-rated Teranga for picking up a huge pipeline of projects from their #Takeover of Gryphon's asset base. Their flagship project was the advanced Banfora along with exploration projects at Golden Hill & Gourma and a few assets peppered around #CotedIvoire. Teranga plans to finish their Banfora #FeasibilityStudy this year and make their construction decision after that for build out of the open pit in 2018, and production in 2019. You asked about #Exploration upside at Banfora, and here is the company's position on it (mostly focused on Kafina West and Hillside). "There is potential to add reserves at depth and along strike in each of the deposits, and through a number of exploration targets located on the highly prospective land package, each of which is within trucking distance of the proposed mill. Numerous district targets have been advanced by Gryphon’s exploration group in the extensive land package." In addition, there is upside in Gourma with proximity to Semafo in #BurkinaFaso, and Golden Hill's proximity to $ROG Roxgold and $EDV Endeavour Mining in Burkina. It actually wasn't until @MiningBookGuy did his $SWA video that I really grasped the scope and potential of the #SouthHounde belt, but that has only piqued my interest even more in Golden Hill (and that is likely why they have $4 million slated for exploration for the targets Ma and Nahiri at Golden Hill -- the same amount of $$ slated for exploration at Banfora). As for the #CotedIvoire assets, I'm interested to see how things go on future exploration of that land package, and they have $500K slated for exploration there this year, and $500K for #drilling at Gourma. This $TGZ response is getting really long, so I'll leave it at that for now...... _________________________________________________________ ~AUfrica #mbgtrends $TGZ $TGCDF Teranga Gold #CorporatePresentation: http://s1.q4cdn.com/851853033/files/doc_presentations/2017/05-10-2017-121-London-1x1-Slides-Final.pdf
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@MiningBookGuy good cross-over with ~AUfrica, here's my first public watchlist: @miningbookguy:african-gold-growth will be making more of these soon! #Africa #gold #producers
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@Excelsior $ORE Orezone #Gold Announces Results From Ongoing Drill Program at Bomboré; Expands P17S Zone Down Plunge Hole TYD0073, which returned 4.80 m of 2.29 g/t Au and 6.30 m of 4.47 g/t Au; Hole TYD0074, which returned 8.50 m of 3.95 g/t Au; Hole TYD0075, which returned 9.60 m of 3.80 g/t Au; Hole TYD0076, which returned 12.00 m of 3.40 g/t Au; Hole TYD0077, which returned 14.00 m of 1.65 g/t Au; Hole TYD0078, which returned 5.00 m of 4.94 g/t Au; Hole TYD0079, which returned 5.90 m of 2.44 g/t Au; Hole TYD0080, which returned 5.00 m of 3.17 g/t Au; Hole TYD0081, which returned 8.80 m of 2.70 g/t Au; Hole TYD0082, which returned 13.30 m of 2.06 g/t Au; Hole TYD0083, which returned 9.70 m of 3.38 g/t Au; Hole TYD0084, which returned 2.00 m of 14.10 g/t Au; Hole TYD0087, which returned 6.90 m of 4.85 g/t Au. "Commenting on the results, Patrick Downey, President and CEO, stated, “These new drill results along the P17 corridor continue to demonstrate the potential to both expand higher grade shallow resources at Bomboré and open up previously untested zones. The #drilling continues both to intercept mineralization containing both good grade and widths and is open along strike and down dip. The Company plans to continue drilling in this prospective corridor and to evaluate and drill other prospective areas on this largely underexplored property.” ~AUfrica #Africa http://orezone.com/higher-grade-zone-bombore-expands-along-newly-identified-mineralized-trend/
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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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