AS USUAL, great detailed analysis @fooca. VERY good point you...

AS USUAL, great detailed analysis @fooca.

VERY good point you picked up re the fact that they HAVE HAD the option to aplly for a 10 year licence since 2018 but for some reason they didn't, knowing it would expire Dec 2021 and knowing what the consequences would be (the latter is a fact, an expected fact).

Put the above fact together with the following fact:

There "oversight" paved/facilitated cancellation of license and consequently awarded to an"other" company,

Then put those facts with the fact that they worked "hard" with diamond and RC drilling in parallel to complete the work by the year's end coinciding with expiry of the licence (utilising $2m),

Add to those facts;

Building an all weather road that would ensure access, as it turned out, now benefiting only those who would have the new licence,

Add to it the fact that there is BIG/MEGA $$$ involved in the copper belt and the BIG 4 there would be happy to pay generous $um$ to whoever who is enticed ...

... I leave it to readers to draw their own conclusions.

Whatever the conclusion one may draw, MD/CEO AND CFO will have to go, and they do not have any alternative option ...

Of course there is what seems the obvious conclusion from the facts above, which at this point in time a few of us are prepared to attend in due course.

There are legal firms (one I have previously dealt with) that specialise in going after individual directors, current or ex (not the company itself).

Re your other point about the fact that we (ARE shareholders) may be made to buy our own shares, this is EXACTLY what I have tried to warn shareholders about. We ALREADY OWN Orpheous and uranium assets and the salary that has gone into the directors so far for it. We should not have to buy it when it lists.

But in the light of the fact that after our FLAGSHIP project was handed over to "others", we CANNOT afford to be left without a decent project. If the uranium venture spins off at this point in time (following Zambian disaster), then we might as well burn our holding statement as there may be NOTHING left of ARE ... and that scenario may well be what the current board is wishing for. WE NEED TO STOP IT.