Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Castiron yes CB 13 months ago played a blinder
Yes Oiltap having Sandfire has a strategic partner would be huge and this might be the next GGP without giving 70% of the main asset away.
Beat me to it CHRI5P…….surely once SZ payments kick in we will be self funded, let alone all the other projects in our portfolio. All we need is better comms, not a merger with another junior.
As for CB I believe he has earned his wages this Year having brought the KCB and LMB licences under our control for very little consideration.
Big news any day now.
GLA
I must ask LJS why would you want a merger with a company with no drilling, no money and no inferred assets or do you feel KAV will be lucky!
It would be a very good move for then to do that. Especially before out drill results come out and sp increases
I wouldn't mind seeing a merger with KAV and Ben Turney being made CEO of the new setup with Colin stepping back as Chairman (on a reduced salary). Between the two companies, we could potentially be massssssive
Or likewise they could be more efficient ;-) considering they are on the most sort after copper ground in the world. I think physically we should be there or there abouts as you say Ella with the calcs, it's just the way GLR decide to notify us now. I personnal am hoping for an update to the website with the AEM info and drill results and pics of the cores like kavango did, plus an RNS like xtr to state what was found also. I suppose the former would take a while to author. Pretty exciting times, drills are tuning, so unless they stop turning we are going to find out sooner or later wjat we are worth :-).
CB said on 6th May that the drill should be turning. XTR were drilling at least 2 shifts a day. Assuming we cover 40-50m a day then I would expect we have drilled somewhere between 1500 and 2000m. The drill could have broken down on the second day or the drillers may be much less efficient than the crew that XTR use so its difficult to judge. I suspect we would have heard if we had hit significant copper but it could take quite a few drills to find any copper and then again an RNS could land in the morning.
Ka****u licence is due for renewal in Oct. There have been some changes to licence but I assume it's something JLP have been doing as I don't think the Ka****u area has changed.
https://www.lse.co.uk/rns/GLR/proposed-acquisition-of-kabwe-residual-rights-1jy4lrdi2wkoc78.html
The Ka****u licence is due for renewal in Oct. It looks like there are some changes happening in the licence but I don't think anything has changed covering the Ka****u area.
https://www.lse.co.uk/rns/GLR/proposed-acquisition-of-kabwe-residual-rights-1jy4lrdi2wkoc78.html
I might sound like a broken record but the Kas…u project has been missing from the GLR webpage for months????
GLA
Great summary Datacheck thanks
https://www.mining.com/copper-price-keeps-soaring-despite-chinas-attempt-to-cool-rally/
Let me know if I have missed anything
Not long now until we are in Q3 which is what CB said we will have news on Glenover
News re cap in rough order
1) initial drill results on kalahari copper belt in relation to Aerial Electomagnetic mapping
2) confirmation of £700k payment for payment of Starzinc, and start of operations with intended revenue between 100k - 300k a month
3) notification of payment from Sandfire to the tune of £1.5m for sold PLs
4) New AEM targets for remaining PLs and intended start date
5) Glenover update wrt testing for suppliers processing facility or sale of project
5) ka****u plans for further drilling
6) ferber plans for further exploration
7) sandfire update on sold PLs of which they have an obligation to spend £4m on over 2 years or give us the remainder of the £4m un spent
Cash - estimate £500k from warrants, £700k from SZ, £1.5m from Sandfire, £2m from recent cash raise, minimum revenue £100k month x 6 months to year end.
Total cash expected this year £5.3m
We are on for an excellent 6 months! Starting with the initiative drill results news which I personally am hoping for a market reaction similar to XTR.......trebble bag once we get notification of those copper cores coming out the ground.
Ooo 5 mill @ m8s rates, cant be long now )
Funky
It's been over 6 weeks since the RNS said we were to have started drilling.
Anyone know how lomg it takes to drill through Dkar sand to 60m or more?
Someone quoted xtr drilled approx 80m a day km their deep holes and different rock. At that rate we would be at 3360m when we are intended to drill 2500m. Less deep holes means more moving around.
You could easily argue that if we started when intended (week of 5th may) we could be done by now
Obviously someone’s willing to take a gamble!
Huge trades, this bottoms got to bounce sooner or later for a little rally up. Even without news. Would be great if the drill result came while we are on the way back up sp wise :-)
Can't wait to see the quality of cheese down there
£5.5k sell trades equates to over 5% off the sp - right :)