Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Aww. You really don't like anything Bird related. It was a countdown before you turned up when the good news hit,
Re. I don't care about the other companies. Irrelevant to me as a GLR shareholder.
Coming from the chief ramper who has actually often posted on other Bird companies in recent months. Strangely enough, all the previous posting history seems to have disappeared.
Do you by any chance have access to the admin system?
They may have the license -let’s hope the Birdman does not “faf” around too much and actually generates a decent return for the longterm suffering shareholders
I know you are Coyote ;-)
Try and keep up Analytical, I am more than just 'very pleased'. Lol.
I don't care about the other companies. Irrelevant to me as a GLR shareholder.
Indeed, where is he. Why so few updates on all his companies. Poor show.
I can see you are very pleased that GLR have now got the Small Scale Mining License.
There is more to it than the Mining Licence. Discussions have been on-going for months would my guess.
..... where are you 🐦
It be nice for you to share some of that money you sitting on. Come on now play nicely and recognise you have some very lth's here waiting through all of the years of wilderness.
So what you're saying is that the general public can sniff around and get the decision several days before the mining company does. Yeah right
Next door in the Kalahari on one of our licenses: https://x.com/MartinCHolland1/status/1781090299722522980
I think it will be sold as well. %NPV for the open pit, %contained metal for the underground element , and a good % for the blue sky potential given it could be very large, and we are 9km from Mopani mine and 20km from KoBold and surrounded by approved mining licenses! Something north of £70m would be ok, with a good dividend to shareholders, and retention of the rest to drill out Shinganda, NW Zambia, and Kamativi/Bulawayo. This will be one of several assets to be sold this year IMO - Kalahari licenses will also be packaged and sold in all likelihood. Where's Kamativi! ;-)
We waited a long time for the Open pit approval and the Cadastre closure to clean up the registry did not help - now we have it - as expected :-)
P.S Copper s flying again https://www.livecharts.co.uk/MarketCharts/copper.php
Makes sense Ana - they need it in writing. Good compromise FS but at these copper prices and all the copper prospects we have I would like to sell the open pit and reward shareholders with a dividend.
That Stocks Guy, Charles says there is a few days between the committee announcing and the company getting the results etc. He is also speaking to Colin next week should their diaries align.
How about a Royalty?
Luansobe could run for decades. Mufulira has been in operation since the 1930's, 90 years or more, how much would that be worth to a Royalty company?
I did notice a mention in the jubilee metals report out yesterday that they were setting up new deals with local smaller scale copper producers to suppliers. Knowing that Colin and Leon are close, luansobe could fit the bill to connect
(Unless someone else gives us $40m cash for it of course 😀)
I hope we mine luansobe for a couple of yrs, prove up the extension and the deeps and then flog the lot, get the full pay on it and we have 2 yrs of copper deficit for the Prices to get their teeth into, their could be the motherlode there, sell the Zimbabwe assets but mine luansobe for a bit, sp would rerste and hold also, then the added bounces on the addition tonnage ( grade permitting ) fully explored and producing would command top $
Me too. Possibly a variation of deals we have seen before. Sell off the small pit and the business model of deep extension post pit exhaustion. As part of the contract the "buyer" funds an expert at exploration "GLR" to explore the deep while the shallow is worked. 51% GLR, 49% buyer initial split for the deep section. As GLR proves up a resource, the dependent on contained copper, the % ownership changes on a sliding scale. Say ending up at 80% buyer and 20% GLR if there is XK tons of contained copper. Much like the AFP/ FQ arrangement for the North West Foreland. Little downside to both parties that way
Interested to see how this would present to potential purchaser. A good grade, low cost (capex/opex) open pit with quality processing and route to market nearby. A two stage upside, underground with known mineralisation to 1250m followed by the 'deeps'. Who knows where that might lead, Ko bold only kilometres away and 5% Cu. Mufulira is 2km+ deep. The supercycle for metals were told is only beginning and copper is forefront. An absolute gem and certainly worth the wait.
Keep the faith. We have the portfolio. Progress is being made. It’s a tough industry. The bull cycle has arrived. I expect significant bags from this stupidly low market cap. And when we hold several aces we have someone who can make deals in charge. Frustrating at times. Finally coming good after a long wait.
I would just like to see CB deliver for once!
Hi Coyote, same on my end. It won't load. It was 3 parts originally. Whe whole exploration license, then 2 small scale mining license apps. The top or most norther we can easily see is the smal pit as it's the same shape as the reports on Luansobe. The middle one is what we assume to be the deep small scale mining license app
I have temporarily posted a summary on twitter from my old screenshots. It very well could have changed as the cadastre is not known for its accuracy
https://twitter.com/Sharedata12/status/1781037168674160904?t=yve-NZRZFjR-9wLm9mlIvw&s=19
I'll delete the tweet later tonight or once you say you have seen it
Best to sell out sumo.
Personally I’m just hoping we’re not building up to another disappointment!