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Posted by Prickly on another BB.
The presentation was about Copper and CB's group of companies . GLR featured prominently as Cooper Lemon from Zambia also attended and gave a short explanation of their role in furthering copper mining in Zambia. Cooper lemon own Statunga which has 25% interest in Luansobe along with GLR. Otherwise all other companies including BZT were given equal prominence. All very positive. The impression I got from the Zambians was that the tide has turned and there is a lot of interest being generated in copper mining as the much heralded copper shortage is finally focusing the big players..
Incidentally the license for Luansobe which was announced yesterday should galvanise GLR's short term prospects. Hopefully HG license will have a similar effect on BZT.
The Cooper Lemon guy is a director/owner in Statunga Investments which holds a 25% interest in the license. Incentivization and skin the game to get this moving.
Over in extract with further dealings with cooper lemon. Looks like we are pretty much in bed with those guys.
Let's hope the relationship blossoms..
Does anyone know if it was a GLR specific presentation or more general but with a reference to Luansobe?
Good for ARCM https://x.com/ArcMinerals/status/1796083107075895487
And good for our nearby Kalahari licenses.
There was a presentation by CB at the City Club in London yesterday. There were approximately 60 people there to listen. Several known HNWs, Brokers, etc. Very positive feedback via the ask Charles telegram group. Also an important comment re the Luansobe open pit element from CB that the pit can be up and running in 3 months. Sounds like CB has options as we all know. My preference is to get the Open pit up and running, and drill out the other parts of the license. The USGS and CB /Cooper Lemon podcast commentary about potential for 60-70mt at high grades makes it sensible to do that. Lots of good things happening in the background.
Thats our hope data...
We on here keep moving the goal posts, so to speak. Every time we "expect" the sp to start motoring, it does the oposite. Yes AIM is a nasty piece of work but with all that is in glr's portfolio, one would genuinely expect a better sp than the current one.
Honestly think the market is very sceptical of Mr Bird now and his reputation has been in question for a long time now.
Birdy,, I know you got links on this bb so please kindly can you give us/the market more information and details.
Its very frustrating now.
This low price is unusual but a good thing for people wanting to accumulate. Next steps are sale, JV, etc etc. Next bit of news on luansobe will be the steps in the road to adding value. Then the SP will react. The fact it hasn't moved today means bigger gains for when it does. Just a matter of when now
I enjoy your reading about your scepticism. If I wasn’t an Investor here I might even agree.
🤣
CB has optionality within the Luansobe asset, and across other very strong assets.
A granted mining license has significant value. Accumulate while Mr Market waits for the herd. Good things are happening. DYOR.
Wouldn't be surprised if Colin is keeping his options open just now, not a bad idea with the license 100% confirmed - those that had an interest in theory with initial discussions will now be sharpening pencils
Agree, CB could have actually expanded on the detail in this RNS following formal granting of the licence documentation. I think that is what we are lacking. Although, it does make me wonder why no detail has been given leading me to think that maybe a deal is being decided instead, and the formal licence granting was part of the deal process. very strange otherwise to be 3 months off producing with zero plan to shareholders with regards mining details.
If Colin hasn't time to give us details of the plan, I think he needs to stop overseeing so many other companies and focus on the core ones which in my opinion are probably African Pioneer and here. Hes being far too overstretched in my view.
Agree but like us we knew licence was in hand while back, surely works been done in the background, the market needs more in terms of plans etc
Things will start moving into place now at Luansobe. They have clearly been waiting for the mining licence before they could move the project forward into production
In the red... birdy work harder, you've lost the markets faith.
0.25% Cut off per the JORC - when copper was Est. lower. Easy to work out breakeven costs from that single figure alone.
56000 tones of copper at say $10000 per ton gives revenue of $560,000,000.for starters at the opening pit.
The biggest question is what are the cost of production,how the profits will be split and over what period the project will be carried out.
The shareprice is now back to where it was before the RNs illustrating little market faith in Colin Bird
The Mining License Application will have been submitted with a lot of detail that I suggest can now start to be released.
The Cooper Lemon guy previously stated September/October. He is also a Statunga Investments Director etc.
The Mining License Staff want to make sure that the licenses are mined rather than held for the sake of it. DYOR.
Great news, some still not happy 🙄
Let's get the details out soon and start mining
'our intention is to plan for the development' 🙄
Right Colin when?
I like this guy ha!
In layman’s from that rns… how much in £s is that copper sellable for at todays value?
Well predicted HD! you can come again mate
Now it all adds up. I had searched high and low for information on Statunga but could not find it. However in the RNS:
"Information on Statunga: Statunga Investments Limited was registered on 4 May 2020 in Zambia with company number 120200003303 owned by Zambian individuals, including Lukonde Makungu who is a director of Statunga Investments Limited and an executive director of Cooperlemon consultancy which provides consultancy services to Statunga. Statunga's main activity is mining, and registered address office is at Plot No. 2457B, Kamfinsa, Copperbelt Province, Zambia."
Hence the massive incentive for Cooperlemon to get this moving with GLR. Simples.