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China Africa Share Discussion Threads
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|Good bit of consolidation today, should be some excitement build up to the investor evening.|
|Cheers for that service.|
|phil would be grateful for any feedback you can provide for this site.|
|Cheers for that selfservice. Nice to see one of these events being held in the midlands. Registered and will be going to see what CAF have to say. Holding 500,000|
|Must be a buyer about.|
|Pushing 4p now with excellent volume, 5p soon IMO.|
|Off and running again after some good buying ;-)|
|I'm sure one of those is a "specific specific" plan -|
|Have 12 specific plans on the table at the last count, cherry pick the best, bobs your uncle.|
|Well - I've taken a speculative punt here on a decent reverse -
I don't think they would raise that without having specific plans -|
|Possible 5 bagger imo.|
|Getting ready for lift off now. Just wait until news is imminent.|
|Thanks for your thoughts keya. Some decent buying again today.|
|This is the asset I think we may go for.
Three mothballed mines previously owned by Black Fire Minerals who changed into a gaming company last year.
Assets will be none core and likely on the market.
Suspect they may be cheap and would be a superb foothold into the lithium market.
Thoughts on why--We have strong Namibian influence through Rod WEbster (WTI) and lithium is a sector we should be in.
The acquisition will be facilitated via Black Fire purchasing Sunrise's private Namibian subsidiary Starting Right Investments 94, which is the holder of the Karibib lithium Exclusive Prospecting Licences EPL 3750 and EPL 3751.
The Karibib lithium project, located 120 kilometres northwest of Windhoek, covers 765 square kilometres of the Karibib pegmatite field.
The project tenure includes the historic Rubikon, Helicon and Fricke's lithium, tantalum and cesium mines which operated intermittently from 1930 to 1994.
'Historic mine production data is poorly recorded, but the Rubikon mine reportedly produced some 17 000 tons of lithium mineral concentrates from small scale open-pit and underground mining between 1980 and 1994,' said Black Fire Minerals in a statement Thursday.
Black Fire intends to immediately commence an 'aggressive exploration programme' to test drill the known significant strike extensions of the Rubikon and Helicon pegmatites and to assess the potential of the remainder of the two EPL areas for new lithium pegmatite discoveries.
The purchase agreement is conditional upon regulatory approvals to be satisfied within 30 days.
Final consideration for the transaction will be 3,5 million fully paid ordinary shares in Black Fire, with these shares being subject to a voluntary six-month escrow period.
At the company's closing share price on November 11 2009 of 13 Australian cents, this equates to an acquisition cost of 455 000 Australian dollars.
The share price now stands at 14c, following the release of the announcement.
Lithium is an extremely soft, silvery-grey metallic element since it is extremely reactive to heat and it is used in components and in batteries. Salts of lithium are used as mood altering drugs.
Black Fire Managing Director Simon Rigby said the Karibib Project had not been subjected to modern exploration and the historic lithium mining activities were largely small-scale gouging operations that only exploited small portions of the outcropping pegmatites.
'This provides a significant opportunity for Black Fire to carry out drilling programmes and utilise modern regional exploration techniques to assess the entire project area,' Rigby said.
He said the acquisition of Karibib also represented an excellent opportunity for the company to participate in the rapidly growing sector of the energy storage business due to the proliferation of electric vehicles and electronic equipment using Li-ion batteries.|
The Company has a broad pipeline of new opportunities identified from the management team's network. At present we have a potential pipeline of twelve opportunities which include African and South American uranium; North American lithium; European lithium and cobalt; and African and Australian copper.
The intention of the Company is to become an operating natural resource business following a Reverse Takeover. It is possible that the Company will seek to acquire more than one interest to provide diversification for investors and inherent risk management for the Company.|
|China Africa Resources PLC
29 December 2016
China Africa Resources plc
("China Africa" or the "Company")
Change of Registered Office
China Africa Resources plc (LON:CAF) the London Stock Exchange AIM listed natural resource exploration and development company is pleased to announce that in order to reduce administration costs the Company has changed its registered office to:
282 Farnborough Road
|Added further today.|
|Looking very strong now.|
|Looking very strong now.|
|Just the start IMO. If we drop a decent asset in here this will be 5p+ very quickly.|
|this is making a move - breakout?|