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All of those (us!) who added yesterday - will we never learn?
Well CB is looking for copper!!!
One shiny penny I think.
Billy:
If I didn't already know it was a middle aged granny posting I'd say it was an eleven year old with access to her mother's stash.
Jez you donāt really read the utter rollex that said poster posts.
Itās not even entertainment value.
In term of genuine content here, you've got to tip your hat to the Howezap man.
Thank You
(towards balance, I feel compelled to add that share price outcomes on AIM are random path to infinity imho )
āOut of interest do you know if Ā£2m investment for drilling is for both licenses.ā
The $2m USD minimum spend is to satisfy the JV terms of a 65% buy in. If not all of the $2m exploration budget is spent before a resource is defined and any sale then Xtr will have a 55% interest
But yes 2mill min over max of 2 years on one or other, or across both licenses.
I would say though, that if their intent is to start within the larger of the two licenses as per captainbob feedback from GM, that will be the main focus to then concentrate defining any resource found there alone. Itās not likely they would then concurrently embark on exploration within the other smaller license.
Seen similarly with the BR project that concentrated solely on the one license that had the best potential to monetise.
Oh dear, I'd forgotten you only write unintelligable waffle.
Been on the gear tonight ?
Shows up 21% with 20% spread this site today ( D ) has 21% rise.
They are up a little since I last looked in January 2024 , today 1.2p
Looks like the last buy in ISA below is now up again , chart shows they hit 8.5p mid January 2021 ?? a wonder I did not sell ?
Buy ( Wi ) 2/10/20 @ 1.12p ( more then the ( D ) all out sale 15 months earlier )
Another older note
Chart looks flat and low April 2012 to Feb 2017.
5 years looking hopeless .
( D ) Consolidation 23/6/17.
Is his name Jeremy too ?
Improving: https://www.livecharts.co.uk/MarketCharts/copper.php
Oh Dani.
I wasn't addressing you.
Oh Jeremy
My comment was tongue in cheekāļø
Out of interest do you know if Ā£2m investment for drilling is for both licenses.
Well done for studying geology for Zambia. Way over my head
dani
Hey Dani, no not at all. However, I have been studying āAfrican Earth Science journalsā to try to at least have a basic understanding that backs up the companies theory that Kamoa is hosted in a continuous line and shares characteristics with some of the Zambian deposits in the central copper belt that also substantiates that theory.
I certainly donāt profess to know any more about geology than the next person.
Here's to my now 3.7p AV
Very true Jez, but it does take all sorts of buying rationale along with plenty of liquidity with sells too to raise a market cap for it to be sustained.
With stronger fundamentals and a healthier balance sheet, shares will increasingly end up with genuine investors and not immediately flipped for quick profit. Of course not all but theoretically enough for demand to slowly outweigh supply.
Without quality assets though, that will not happen, so over to you Colin.
Many good points there cyberiachas.. and the cash in the bank from manica sale does indeed set this apart from many in this sector on AIM, thankfully.. that's why I have a decent sized bet in play here..
(but there are macro issues with this small cap explorer game that are mathematical odds brutal generally.. not to mind finding meaningful resource in the first place... there are 1500 plus such sector co's listed across sundry markets of the world .. and a big bunch more again that are unlisted too.. and maybe 50 to 100 ? major / mid tier producer co's across the world with pockets deep enough to make 100m gbp plus acquisitions.. and thereafter invest substantially to get to production live too ..etc )
Howezap.
I think people are buying because they think the rinse and repeat is about to start again and they want in. Which becomes self fulfilling as they buy in.
This share follows a predictable wave and after being at the bottom of the curve for a while, the management has found another carrot to dangle, hence the rise.
No doubt we will get an RNS one day that will spike the SP just as before.
Why wouldn't you want to be in given the past performance ?
The clever bit is not getting caught up in the hysteria as some of us did last time.
Sounds exciting zā”p
Do you know something others don'tā
Yours cruelly
Has been usual, for GLR and AFP along with XTR to generally move in unison, but not today, so far at least.
Whether is cash position starting to be realised or maybe something else outside of the new projects that is attracting some buying?
3cardbrag .....................I don't see I wish it!
As I said I hope history repeats itself.
Sp not moving on sale of Manica is down to the fact we are not getting the cash up front. Othewise there is no difference to keeping the asset and drawing the funds every 3 months (or whenever we get paid) for the next 3 years.
So the company has value but what who knows.
Billy. Bit puzzled as to why you see a 7 to 8 bagger when sp hasn't moved with sale of manica for more than the m/cap.
NTMU you are right about risk reward on aim. The biggest risk is running out of cash and that will not happen here now so at 11m$ market cap with cash flow of $17m and some very interesting assets. this is not the company it was even a few months ago.
along With a444 and many others I put money in at levels multiples of the current level when I could have netted a handsome profit at 8p on my base holding in early 21. I got greedy at that point and added more at 4 and 5p so overall loss here too when a sale was promoted- you have to learn your lessons.
Cb got the promotion of br badly wrong we all know that - doesnāt mean we arenāt sitting on some v interesting licenses here (and the other cos) , money to invest as well.
I think there is also a strong local team around him in Zambia which is good news and a v capable operator in Martin Churchouse who is the chalk to Colinās cheese
With an average of 5.5p - I say to myself walk away when it gets to 3p (sorry if it ever rather than when) -butg I know I will not. Hope, greed, springs eternal but I hope I sell all when it reaches 5.5001
I did think about averaging down (again) but I'm past my comfort zone now.
My average is 3.5p, every penny rise is worth nine grand to me.
10p would be perfect !
Are you listening CB ?