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A very interesting interview. Those investors demanding an update should listen to it because that's what it was. I will keep my thoughts to myself but it was very informative. Those epecting news will and should wait for an RNS.
So you are saying they will not be mining the open pit (or presumably a sale) within the next 18 months. Despite now having a mining license, a date given by the CEO of Galileo and Cooperlemon a few months ago, and a lot of interest in the asset, with processing facilities crying out for ore. got it. Maybe you should sell your shareholding if that’s what you believe …. Unless of course … Oh … LOL
If it is mining within the next 18mths I will profusely apologise to you, that's how sure I am that it won't be.
How about you eat humble pie if it is not mining by end of the year?
So what is your estimate Levi of when the Luansobe open pit will be mined? Don’t be shy. Maybe contact those ramblers at site yesterday for a clue. LOL
LOL.
September or October 2024 according to the Cooperlemon CEO and CB several months ago.
Nice avoidance of the question whowrotethis?
Come on don't be shy, we have a licence when will we be mining?
Go ahead ignore what is happening at CBs other companies. Ahh but this one is different you say. LMAO!!
Having seen all of his companies perform so badly even after all the continued Copper hedge narrative you would have thought that he would want one to perform this year. Hopefully GLR is the one.
Sounds like he will run the open pit over 5 years instead of 10. The significantly improves the FCF and NPV presuming he pulls the 5.8mt. That’s what the ramblers were likely discussing on site yesterday ;-)
So Levi follows another CB company, has a bad experience and transfers that on to GLR as proof as to what is to come … if I am delusional then what on earth is Levi doing investing in multiple companies with a CB association given their extensive knowledge?
I would run a mile but Levi clearly loves the pain and anxiety.
I don't remember spouting off we didn't have a mining licence just that I would be happier when we make the confirmation rns.
Sticking your head in the sand about associations with another company run by the same person is delusional so good luck with that.
So when do you expect we will be mining then whowrotethis?
Thanks Iky for posting. Like you, I just found it a reiteration of old news. But fine for any newbie. My take is just be patient. Just hope there is no delays with the Afrimat cash.
Answers on a postcard Moneyman.
Well there was nothing in that interview to say we are going to leave a penny piece behind anytime soon, just plenty of waffle with his new bezzy mate Charles bulling him up.
Deliver something Colin ffs and prove us doubters wrong.
Hey Levi … making associations with unrelated events is the sign of desperation.
Essentially any positive you will make into a negative so I wonder why you hang around here ?
We have a mining licence but you were spouting off about it never coming … now we have one you go off on a tangent and state we won’t use it.
Honestly …
Hey whowrotethis check out how long Afp have had a mining licence for Ombongo. The situation is exactly the same. Blah blah easy open pit operation. You have to laugh how he keeps getting away with the same old waffle.
He may get an open pit up and running Analytical but it won't be in a time frame anyone here is going to be happy with. There won't be a sod cut on that project in the next 18mths unless it is to put another drill pad down.
Keep dreaming though ;-)
He will get the open pit up and running - most if not all capex outsourced to Opex. The FCF will pay for further drilling within the license - the deeps in particular are interesting for obvious reasons. He mentioned that IOCG was likely a true IOCG - IYKYK what that means. So cash generation and drill out further in highly prospective assets. The land grab for assets in Zambia means GLR have very attractive licenses. Yesterday he said an open pit of a certain size - like what GLR has without mentioning the name. Is manageable for a Junior. Run the numbers … he will fatten the Luansobe open pit calf IMO and sell it as a profitable mine with all the other potential thrown in.
Chief Ramper aka Colin Bird ;-)
Colin sure can talk the talk but for once can he actually walk the walk and deliver some material returns for shareholders?
Levi, I think he said good mining situations are bought not sold . By which i guess he meant he expected to be approached whilst he is "getting on with things".
We will have the small scale license approval RNS’d soon. We know the status of that. That’s one huge step nearer. We know they have discussed a start in September with Cooper lemon on a previous podcast. We have guys on site yesterday - maybe they were just ramblers :-)
Levi has spoken ... yet we now have a mining licence and Levi was dubious of that a very short time ago.
Yes Colin is a smooth talker and also quite a fast talker and the sound quality makes it a little tricky to follow. Nonetheless if he said anything new or interesting I am happy to be enlightened . He does consistently protest that the link between copper prices and junior copper miners has been lost. This call option is reflected in the majors but I guess there is insufficient confidence in the ability of juniors to deliver for it to transfer to the micros. I have yet again , caved in at the the low price have bought some more GLR as I like the portfolio and it seems better placed than most AIM to benefit if the current bull run in copper and gold continues. And I dont think CB has a secret alias on this BB. It would not be his style. I would not have been surprised if his slippery predecessor Lawrence had used one.
Well what I heard is 'nothing' is for sale, especially Luansobe, so those dreaming up big numbers and stories of a sale are for the birds, excuse the pun.
What we will see is talks of an easy open pit being mentioned again and again and again and Colin will find an excuse to put some more holes in the ground while production remains a mirage.
Same story at Afp. Ombongo simple open pit blah blah someone to build the infrastructure blah blah and we are still not even near any of those things happening.
But the deluded will continue to believe this is different to his other companies lmao.
Nice dig Iky. You'll be saying that I am CB again. Rolls eyes at the obvious... I'll listen to it later as there probably is something in there that has been missed.
Or could it be possible my source of information was a colin ploy??? Mmmmm. I do wonder.