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NZC

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27.0¢ nzuri copper limited

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skorpian

707 Posts.

43

08/02/18

23:51

Post #: 30931204
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Originally posted by salpetie ↑

"sorry I dont trust what management say because i feel they are just at the mercy of whatever tembo tells them to do."

What did you mean by that statement?

IMO Tembo have committed to this project and want to see it get off the ground and make them more wealthy. This view is the one I have gathered from meetings with the current board members over the last 18 months or so. From my perspective there is an alignment of purpose which is at odds with your statement.

Management are constrained by ASX, etc rules plus commercial confidentiality, among other things, about what they can say, and yes Tembo will have some (complete?) say in what is announced.

How is this different from so many other companies on the market for which such a statement would be as appropriate.

The transformation of RER to NZC in 2015/6 may be worth a book for all that was required to be changed.
The previous board(s) was modified with only Peter Ruxton (Tembo founder) going on to NZC today.
Not all that existed before this happened has been sorted yet so there is the obvious issue of legal matters which will have to be sorted out by NZC in, or out, of Court.
The Traxys involvement is another remnant of that pre NZC period which is apparently close to being closed.

NZC also face the perennial issue of a low cap company transitioning to a miner. How to get capital? Hopefully it will be raised and a mine set up.

The back drop of a nice compact high grade Cu Co deposit that should be readily amenable to mining is what keeps me interested in spite of these ups/downs and uncertainties. Add on a reasonable chance to have satellite deposit(s) near Kalongwe.... plus good exploration potential.
As you have intimated 1Gun these latter aspects tend to outweigh the other uncertainties of this Company at the moment.

GLTAH

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Salpetie - Thanks for the summary - can you please elaborate on the outstanding legal issues ?

Not all that existed before this happened has been sorted yet so there is the obvious issue of legal matters which will have to be sorted out by NZC in, or out, of Court.

NZC Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
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