ALM 0.00% 0.8¢ alma metals limited

about to launch

  1. 2,453 Posts.
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    I've been following this since float and this is the first time they have ever requested a trading hault pending exploration results - this suggests to me they are heavilly on the UPSIDE and POSITIVE

    The announcement says it's all about Sese - uranium has already been discovered here (>2000ppm in one hole) - the ground immediately next to Acap on the boarder has also been drilled recently and results are due from this (probably reason for hault)

    I agree with V8 in that corporate action is definitely around the corner (not from this announcement though) - AFR owns Sese 100% - so plenty of room to move in negotiations with a potential JV party eg Acap/Polo - such a partnership would be very synergistic

    If the good times continue with Siamboka (Chirundu north), also due any day now, THEN i would expect a utility to get involved (Chinese/Koreans etc) as these guys are waiting on an assurance of supply and this only comes with a defined resource - don't forget, any resources defined in Chirundu North ALREADY HAVE THE GO-AHEAD TO MINE FROM THE ZAMBIAN GOV!

    Bring on Sese
    Bring on Chirundu
    Bring on the AFR launch!
 
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