Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Financial Times on the need for new copper mines. You might need to register to read this, but registration is free.
https://www.ft.com/content/3d2727a0-96c7-499c-a0d4-176de4548a83
To be fair to CB I do not think there is much more he can do but await the ML for Hope Gorob. He informs us that everything is set up in terms of finance and planning and all ready to gear up the moment the ML is confirmed. If it goes to plan we could be in open pit production within months and the current Cu price can only encourage partners/contractors to get involved with license holders in stable countries. As CB says huge companies acquiring large copper producers does not increase the pie, just their share of it so given there are no major new discoveries coming on stream the price should slowly increase .
In the March RNS, along with another tease regarding the mining licence but no problems with extended exploration until 2025, so something must be going right presumably, I notice the engagement of a specialist in Namibian environmental legislation and considering the numbers of Namibian mining operations, I'm surprised that it was at this late stage that it was mentioned. Let's hope that this will get some progress if that is where the problem is.July will be two years and for Namibia that'll be a year over the reported average, a long period of overtime
Uncle Colin has been on Twitter over the weekend.
His theory is that the M&A activity will eventually spread down to minnows like this one.
On that basis I'm prepared to sell my garden to one of the big concerns.
It doesn't have a mining license, but neither does Bezant.
Rearrange into a well known phrase or saying!!!!
Don't think there was any mention of BZT in the Sunday Roast from SA yesterday, apparently Colin, we the shareholders, are hosting their visit to SA. No reaction across any of CB's companies today, wonder why?
How much longer before we, collectively, win the Guiness World Record for "patience"?
Mid price is up but the bid is down and the spread has widened. The market makers are doing well out of this but nobody else is.
Blue
GLR have just received a small scale copper licence in Zambia after a 13 month wait and no extra work submitted. It takes so long to get things done in Africa.
Clearly there is no licence. The question is why not after so long?
Bit of blue here again and some buying!
Are we see a turnaround?
Is news imminent?
Has Colin got that licence?
Is Mankayan about to announce an IPO?
Lots of questions, few answers? Lol
Mr T
Well I guess we will see which of the two options is right very soon !😉
Somone in the know? or likes throwing their money away.
What’s happening with all the buying today? Volume up but price stagnant as usual.
Prickly,
Good to see your still here with a sense of humour?
Caravan for 20 grand is possible all right! Not a very good one mind lol
I'm with you if we get some constant news here and copper prices keep rising then we could see a good run.
.30 will do me
Good luck
Mr T
Mr triump
the mm's book was just about negative from the word go.
which you can see on the intraday chart
that changed about 2pm,when the big trade appeared,
suggesting the mm's,were filling that order,until then.
imo
You are not wrong. Keep the faith.
Mr T . I have to admit that it is rather galling to see that 100 million shares are worth less than 20 k. Time was when my ambition was to gather 100million and retire to a South Sea Island .
Now it will scarce buy a caravan. However I stick to my view that this share could eventually reach .50 and Mcap of 50m .
If that's a sell then they must have mugged the mm's to get that price to sell 100M!!!
To me it's printed as a buy and is a buy if a sell it would have been below .017p and the sp would be well down?
Prickly may be correct re broker trades etc but the large trade looks like a buy to me.
Good signal imo if so.
News must be close now surely?
Come in Colin where are you?
Also what's going on with Mankayan, been extremely quiet over there?
Mr T
£19k sell,showing as a buy....that explains the earlier dip
This is a dangerous job , catching falling knives etc but when it slips below .02 it seems worth a small averaging down opportunity. I am assuming the sells are brokers, consultants etc looking to convert into cash not long suffering holders who have given up all hope. If this company is worth anything then it must be a lot more £2million.
Just the MMs moving the price around. Almost literally no volume.
Rest of the market getting smashed.
DVH
There's been no real movement here due to the spread, only 3 trades all piddly today so we await to see if a little more buying occurs.
Are you still in here?
I believe we could see a decent rise in the not too distant here due to it being so low and with such a low MC
Torre is certainly more room for upside than downside imo, but we shall see.
Mr T
Hope you didn't get spiked!
Ditto, my buy showing as sell too