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the RNS articles regarding the Luansobe Copper Project. It really does look an incredible project if it all comes off, especially with the potential upgrade to the current 20mt.
Bird is very shrewd and he has managed to pull off a great deal in the past with predators purchasing previous companies of his for many millions of pounds.
Not sure what his end game will be here, but he is building up a very nice portfolio - most of which are lovely copper assets together with income generating ones with Siege etc. Crying out for another Predator in my view. What is nice, is SFR already have first refusal on any of our KCB licences, so all we need is some nice finds and they could be sold off for a small fortune without even looking for a buyer!
I see there is some activity in the mining cadastre in the Ka****u licence area - no idea what to make of it.
I think CB is going to luansobe as a Bushrangeresq asset like XTR
Bushranger : purchased by XTR for £1.25m (roughly) in June 2020 with a jorc 2012 est 71mt at 0.044% = at the time an estimate of 312000 tons of contained copper. 6 months go bye and 4km drilling and in December the company 4 bags on showing copper
Luanscombe: purchased £200k and 5m shares. No 2012 Jorc but alot of historical evidence and an estimate of 71mt at 2.5% copper = estimates of 525000 tons of contained copper
No.2012 jorc so obvs our risk is higher, but ongoing drilling in a positive way could see a Jorc update and similar sp performance to XTR.
I like the look of this. It took 6 months for xtr, so no reason why we shouldn't be looking at the same time frames if not quicker with our contacts we have established in Zambia already related to SZ and Kash
Looks like have a bullish hammer candlestick on the daily chart.
Also, the 1 week chart shows we hit resistance trying to cross the 100 day moving average but found support at the 200 day moving average (assuming we finish above 0.97).
Not sure what it means, just shooting the wind.
Absolutely Data. Could be huge just this one project on its own. CB has already stated that even today if someone offered 12p per share for XTR he would tell them to go jump. Bushranger is huge. This could be of equal size or even bigger if we are lucky!
Could be transformational for GLR and at many multiples of today's price SP-wise.
I see someone has applied for a large scale exploration liscence that among alot of others various liscences it covers our new Kash application for small scale exploration. I don't know the full inns and outs of rules for liscence app, but using the fact it does cover alot of other companies liscences, our SZ large scale exploration liscence was far bigger than we used, and also the current large scale exploration liscence crossing over SZ doesn't seem to affect it, then I'm not worried. What you thinking Ella?
I also think the app should tick over from "app pending validation" to either accepted or not accepted this month
Hi DC,
I really can't hazard a guess at what is going on. The application covers what I believe is both the exploration and mining licences (resource area). Itmay still be getting set up properly so a temporary state, Perhaps it is someone changing their arm and the application will be thrown out or perhaps ????
I suspect Birdie might just be spinning Kash off again or maybe keeping a bit and giving the rest off to another party for more royalty payments and 1 bumper 1 off payment.
He is wanting to focus on the Copper zones we have in my opinion.
Could be Ella. Personally not too worried. I think we'll get the chance to learn from it with the next RNS with Kash in. Whether the new large scale liscence is mentioned or not. If not, it could be considered as not affecting the small scale exploration liscence we have in. Also if it did affect us, then ot would also affect about 8 other people's liscences, so can't see it being able to affect us in anyway
Screenshot of the liscences
https://twitter.com/Sharedata12/status/1484525876461064192?t=mpvte5BqOuYMDzAObqOvFQ&s=19
All these buys and we're red..... Fishy
Good work again Ella. Your attention to detail is great. This happened on Star Zinc, and i seem to remember some people on the board forced an RNS out of the Board through clarification of whether we still held title to the asset? Could we do this again?
It would be hugely annoying if history repeats itself because there is no publicly available evidence that we have found anything resembling what we all know is at Ka****u.
Someone would have to be a great salesman to explain how selling a near-term asset like Ka****u is better then going back several uncertain steps in the exploration cycle where to all our knowledge we are without results.
Another example of the horrendous comms here.
Hi Westlad,
At this stage I don't think there is anything concrete with the licences. I think the mining licence over the main resource area has been sitting waiting for transfer for quit a long time, it looks like Galileo have an application in for exploration over some of the other area. The LEL covering a much wider area is just an application at the moment. A lot of folk do seem to 'chance their arm' applying for areas they don't have the rights - if this is the case it may get thrown out. The legacy issues around Ka****u will also presumably have some impact on what happens to it. I think it's just a case of wait and watch at the moment. If you are concerned it may be worth dropping the company an email.