African Battery Metals Share Discussion Threads

[aidenabettin] 29/9/2018 13:47

https://twoshields.co.uk/investments/african-battery-metals

[excellance] 29/9/2018 12:16

Any guesses about what the future holds here?

Do ABM require geologists or drilling experts, or cash injection from a new major partner?

Seems very quiet on the PR front, what are these boys up to?

[pegasus59] 26/9/2018 10:06

You will see it. Next major backer coming on board soon and all assets will be logged using blockchain technology

[excellance] 26/9/2018 09:42

Yeah right...

I'll believe it when I see it.

[pegasus59] 26/9/2018 07:12

ABM has a rapid development strategy in place to become a significant explorer, developer and ultimately producer of battery metals.

[excellance] 25/9/2018 10:26

ECR could be "cheap" today in view of their news, but I have no idea about these.

How are these financed?

Will there be a placing or will a major farm in?

You tell me cos I don't know.

[excellance] 25/9/2018 10:23

How do you know it's cheap?

[cpap man] 25/9/2018 10:10

LOL excellent excellence - de-ramp the shares [on vague rumours about a financing] and then buy in on the cheap!

[excellance] 25/9/2018 09:55

Taken my first small position here today.

No idea how this company intend to finance operations but the strategy is compelling as are the newly acquired assets.

Now, show me the money...

[excellance] 20/9/2018 15:50

Lol

I'm not interested in ramping or bashing, just saying what I see.

Oh, and BTW it's cheaper by quite a bit already!

[apfindley] 20/9/2018 15:27

Really?? Lol I hope you have a chance to buy in cheaper before you're happy, at which point you'll ramp the guts out of it..

[excellance] 20/9/2018 13:18

so this is effectively a new company, with new projects and new directors, but it needs new money too.

the mkt cap of £3.76m is high considering they have proved up nothing and have no cash, the sierra leone asset is to be abandoned, the DRC asset presumably mothballed until that country sorts itself out...so on to pastures new.

so wheres the money?

i expect a significant placing of shares soon.

[the crypt] 18/9/2018 15:59

may yer eggs be boiled in lemon juice and peanut butter - heh heh heh.

Me old lohheginer is a lair of beef.


wOOOOP wOOOOOP LOL LOL

[aidenabettin] 15/9/2018 22:10

Paradoxically, Cameroon which has Africa's largest nickel, cobalt, iron, rutile, diamond and uranium deposit reserves and also the second largest bauxite reserve in the continent, has only  explored 40% of its mining potential.  

[aidenabettin] 11/9/2018 19:04

https://www.bloomberg.com/news/videos/2018-09-11/cobalt-demand-for-evs-to-keep-raising-cobalt-27-capital-ceo-says-video

[europa79] 03/9/2018 16:11

...and again!!
...and again!!

[europa79] 31/8/2018 16:46

...and down we go again!!

[failedqs] 30/8/2018 13:00

So it's now official - all the old Sula assets were worthless.
Presumably they will be ditching Matt Wood too? Can't see why they would retain that useless numpty any more, he's all that's left from sula.
But this company may now be an interesting proposition, Dattells has a great track record!
But until Woods goes this is still very much a bargepole stock I'm afraid.

[cpap man] 30/8/2018 11:35

African Battery Metals* (ABM LN) 3.3p, Mkt Cap £4.4m – Management drive focus on cobalt as company drops Sierra Leone

African Battery Metals reports it is pulling out of Sierra Leone due to a lack of interest in the assets and the cost and hassle of working in Sierra Leone.

Management recently acquired further prospective interests in a number of cobalt projects through the full acquisition of Cobalt Blue Holdings 'CBH' and Regent Resources Interests Corp. 'RRIC'.

The acquisitions bring in prospecting licenses for cobalt and nickel in Cameroon and cobalt and chrome in Cote d'Ivoire Cobalt Blue Holdings holds ground which is adjacent to and relatively close to an existing NI-43101 nickel-cobalt resource in Cameroon which was formerly held by Geovic which suffered internal management issues between their Canadian & US senior management and local partners in Cameroon as well as a lack of funding.

See link to the NI-43101 Technical Report on the Nkamouna and Mada Deposits hxxps://www.sec.gov/Archives/edgar/data/1398005/000119312511161283/dex991.htm

The mineral resources for the Nkamouna and Mada cobalt-nickel deposits measure 59.8mt grading 0.24% cobalt, 0.68% nickel and 1.37% manganese classified with an additional 60.8mt grading 0.22% cobalt, 0.62% nickel and 1.32% manganese classified as Indicated Mineral Resources as Measured Mineral Resources as audited by SRK. An additional 202.5mt grading 0.20% cobalt, 0.59% nickel and 1.20% manganese is classified as Inferred Mineral resources. The resource is stated above a 0.12% cobalt cut-off for ferralite and a 0.23% cobalt cut-off for breccias, constrained above the bedrock surface.

The last publically available press report on Nkamouna suggests the government was considering taking the license back presumably due to a lack of development activity despite the presence of a NI-43101 resource and former feasibility study done by Lycopodium, the international engineering group.

The relatively high grade at Nkamouna and Mada suggests reasonable potential for development despite its remote location inland in the East Province of Cameroon. Cameroon is reported to have issued a mining permit decree for the project in April 2003 Lycopodium completed a feasibility study in 2011. The mine was projected to have a life of over 23 years producing >6,100t of cobalt 3,288t nickel and 62,600t of manganese carbonate in the first 11 years of production.

Regent Resources Interests Corp. also holds the right to earn into 70% of prospective nickel-cobalt licenses in the Ivory Coast.

Conclusion: Management are focusing on developing value in their expanding portfolio of cobalt licenses.

*SP Angel act as broker to African Battery Metals

[aidenabettin] 30/8/2018 10:00

https://www.marketscreener.com/business-leaders/Scott-Brown-07K1C4-E/biography/New director

[kristini2] 30/8/2018 09:30

Dattels involved here is interesting, serious dude in the commodity space and one to follow

i wonder how many shares he has ?

[aidenabettin] 30/8/2018 09:02

Yeah up 9000% if only it wasnt consolidation.Maybe one day

[cpap man] 30/8/2018 09:00

Mr Market likes it!