George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I really would too, and I'll buy you all a drink if I manage it, as we have all been through the same thing here over the past 5-10 years
Https://x.com/graddhybpc/status/1745394336198426695?s=46&t=3pDdxc6Ci9IzAlx6Vjn-xQ
I found this to be a v interesting chart - the ratio of Nasdaq to copper prices .
In the context of onshoring , global insecurity and green revolution, copper is the metal
Life changing if it comes true!
I would like to see you get that £500k HD. ATB.
Get luansobe running n then the lithium will be close behind with roughly the same game plan, love that )))
For us to make an absolute killing on our quality assets!
2024-2027 https://longforecast.com/copper
Https://www.livecharts.co.uk/MarketCharts/copper.php great time to mine that open pit on which we have a mining license …
I am glad no RNS this week because I think the longer we wait the more details we will be given on a possible sale but more likely the cost and estimated revenue from using a contractor to mine it.
Maybe a lot sooner …in Zambia …
Wonder how long it is going to take for majors to go for minnows! Maybe another couple of years!
Copper (mt) Date
$10014.06 Apr 25, 2024
$9848.27 Apr 24, 2024
$9792.27 Apr 23, 2024
$9895.01 Apr 22, 2024
$9915.29 Apr 19, 2024
$9756.78 Apr 18, 2024
$9592.75 Apr 17, 2024
$9498.18 Apr 16, 2024
$9607.30 Apr 15, 2024
$9388.39 Apr 12, 2024
$9374.28 Apr 11, 2024
$9398.97 Apr 10, 2024
$9450.78 Apr 09, 2024
$9459.15 Apr 08, 2024
$9351.35 Apr 05, 2024
$9343.41 Apr 04, 2024
$9274.41 Apr 03, 2024
$8972.59 Apr 02, 2024
$8934.45 Apr 01, 2024
$8849.80 Mar 29, 2024
"As we predicted M&A has started with a bang. This is a big one and of course very unlikely that @AngloAmerican will accept the low ball offer. If and when done this will make BHP the biggest copper producer in the world.
"Guess what, it doesn’t produce any new copper in the system by merging majors. Get ready for the majors starting to bottom fish and if @GalileoResource, @ResourcesXtract and African Pioneer together with @BezantResources aren’t targets then who is?
"I predicted strong M&A followed by the bottom fishing which will require the majors to reset the size bar for acquisitions.
"Is it much you saying our target is 2 million tonnes of contained copper when there are no projects around to match this criteria. Upwards and onwards."
Https://www.mining.com/web/blackrock-says-12000-copper-is-needed-to-incentivize-new-mines/
18p would net me £511,000, id be happy with that lol
The deeps could make luansobe a 200mill plus adventure)))) 16p -20p baby I can wait for that, and it's a free ride
You are right Flipper!
But https://www.theguardian.com/business/2024/apr/25/bhp-moves-to-buy-anglo-american-mining-group
All copper copper, copper. Very good I deed for us 😁
Agreed. An important point. More ore discovered, ramp down to the deeper part, extend life of mine. That's without the deeps. But if the deeps drilling turns up trumps then a new mine for Mopani. Think of it as a potential bonus. Worth exploring for. That build plan, formal extraction rates, new ore size, and status on where we are will be sought by shareholders and potential new investors.
CB said there is a new report in the last few days on Luansobe as identified more ore by re-working all the logs and they will be diverting some cash flow from mining the pit to start drilling on the deeps (hence some but not all of it) and it is attracting lots of interest.
I think what I said on Sunday that GLR is described now by non Zambia assets and the Zambian assets is important with most of the former being sold off or JV'd in the near term.
CB said there is a new report in the last few days on Luansobe as identified more ore by re-working all the logs and diverting some cash flow to more drilling on the deeps (hence some but not all of it) and it is attracting lots of interest.
Shinganda still on for an IOCG
Interesting work on the NW licence but not allowed to say too much at this stage (RNS will be need to update this asset soon)
In Kalahari licence P39/40P very prosperous and 243 (253) in the middle of Cobra - talking with Sandfire but not others yet but likely JV's eventually with someone and 253 is OBVIOUS and they want to add value (more drilling) before talking to anybody else.
Kamativi, CB confirms continuous Lithium grades which delighted them but not the market - they took a Chinese group out there!
Bulawayo now drill ready with targets.
Yes, I would like to sell some assets to reward shareholders which is unlikely to happen in the near future but the assets we have are looking very good.
Ana - copper price is looking good. The pullback was quite weak so maybe it could go on a big step up.
Https://www.livecharts.co.uk/MarketCharts/copper.php
$10k per tonne.
Pay your money, take your choice 3CB. This is shaping up well - mining license approved - a big milestone. DYOR.