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Cmon letâs face it. Our mate Colin is at that time of life whereâs heâs gunna go out with a big bang to secure his friends, his patient lths families future.
Heâs getting the ducks aligned then wallop and Iâm retiring.
Take your time Colin as I know youâre gunna show the nay sayers, doubters and bitter ones and make your final exit.
I think colin knows to dig deeper for luansobe, he said it a few interviews ago when Kobold announced their discovery at depth, there could be alot more there than we know )
P.S I have assumed a 87% recovery rate when calculating some of the contained metal values.
The numbers are interesting Chris. Bezant, across 4 Open pits - 1. Hope, 2. Gorob, 3. Vendome, 4. Anomaly, there is approx 24,600 tonnes contained Cu metal. Contrast with GLR which has 58,000 contained Cu metal across a single open pit. I would suggest it is easier to mine a single open pit than 4 open pit mines - the chances of all of them running simultaneoulsy would be very low, and there would be a lot less coordination and replication of onside kit as an example. The contained open pit copper metal in luansobe is 135% higher than the Bezant Open Pit. In addition there is the additional 6.3mt Cu inferred which CB has previously stated might be amenable to ramping down into that area. Until we see the mining plan we cannot know for sure. The big prize which CB is pursuing is the 60-70 mt of ore previously mentioned in various documents. If it is there - and it is, after all between Mufilira Mopani Mine and Kobolds massive discovery, then that is likely to be a world class orebody e.g. 60mt @ 2% which is 1.2m contained and at $10k average over that LOM would be $10.4bn for that element alone. The question then becomes how do you value it for sale.
In terms of the Luansobe Open Pit on its own (ignoring the 6.3mt subject to seeing a mining plan) @1.5% Cu grade that gives us 94,500 tonnes of contained metal with a value of $0.8bn in the ground.
Big numbers. The key point for me is Bezant is gearing up towards mining - subject no doubt to the mining license approval. Compared with Luansobe which has the first small scale mining license already approved, GLR is gunning for a second small scale mining license on the same site, and has potential blue sky of 60-70mt. I Expect CB is weighing up going it alone, verses the Chinese processing facility now taking the majority of the risk, doing the mining, hauling, and processing with some larger monthly kick back to GLR, while he pursues the big prize of a world class orebody on the same license. Then there is shinganda and the Western Foreland from a copper perspective.
The hourglass has run down to this point. Decision time.
How about less tweeting and a spec of tangible progress in extracting returns for shareholders.The commodities market is booming and no favorable share movement
Here whatsoever-says a lot about markets opinion of Mr Bird
Started: hairydavey, 14 Jun 2024 07:05
Last post: Analytical, 14 Jun 2024 17:27
The ARCM PL135 license is adjacent to the Sandfire LIcense PL367/2018 - which was acquired from Galileo and on which there is a (across the acquired licenses) potential $80m bonus on a sliding scale.
https://galileoresources.com/investors/rns/kalahari-copper-belt-exploration-update/ with last update ' PL367/2018 â Four multi-element soil anomalies identified as priority targets with infill TerraleachTM soil surveys planned.'
ARCM is in a good position and runs paralell to Galileo's PL039 - "The north-eastern section of the Licence is dominated by a prominent NNW-SSE trending conductor, the geometry of which suggests this area is situated at the southwest end of a conductive dome. If the interpretation is correct, the potential exists for the discovery of the highly prospective DâKar Formation/Ngwako Pan Formation contact. The setting of a conductive dome with major faulting within the Licence suggests that a A4/T3 style dome drill target with possible mineralisation "
I have been expecting PL039 to be sold off - given the recent successes nearby.
KcB! Bloody predictive
Drills commencing on their JCB licences which will hopefully give good results, and in turn increase the price of our own licences. It's great in a way that every other company is doing all the hard work with the result being our licences improve in value with every good find.
All ready to be nicely sold off at a huge premium.
Last post: Analytical, 13 Jun 2024 06:38
Kalahari Licenses PL39/PL40/PL253 will be sold for $ plus (bigger) bonus. I see it as a high probability.
Getting there :-)
Cobre doing incredibly well. Doubled their SP. It wasn't that long ago that our SP tracked their progress it seemed in the Kalahari, due to our licenses being so close to theirs which were being every proved that more valuable. As such, ours gaining in value also. "A rising tide floats all boats" scenario.
we are in all the right places, that's for sure
Our Kalahari neighbours: https://x.com/CobreLimited/status/1797773308227690993
Started: iky786, 12 Jun 2024 10:17
Last post: Moneyman64, 12 Jun 2024 17:59
Funny how every time Colin opens his mouth the shareprice stagnates or falls
Interesting that the offtaker might be the miner as well. Maybe the deal overall would be better than independent processor and independent miner/haulier.
Talks with a processor for processing and possible mining the asset, could be sooner than we think, the processor mining it for us is new )
Does that mean nothing worth reporting has happened on our non-Luansobe assets in the last 3 months?
And the sp is down again... what a joke.
Started: hairydavey, 8 Jun 2024 07:42
Last post: moneygilb, 11 Jun 2024 18:19
I agree hd, talk about requiring the patience of a saint!
Cmon Colin, this lack of information isnât helping the potential buyers having confidence in you.
Communication is key and in all honesty I donât even listen to the Roast stuff anymore as it doesnât actually achieve anything as we can see.
We need some bish bash bosh!
I would love to begin mining in September. Its just the lack of information I find frustrating if that is the plan.
Its like being a shareholder of a company being run by the riddler.
Come on Colin, give us the plan, we all deserve to know what is happening. If the intention to mine in September is happening, where are we with it ? Cooper Lemon seem to play a big part of the implementation, so is stuff heading to site already ??
The silence just make some think its going to be a sale as negotiations would be in play.
I feel your pain CHRI5P, sometimes I feel my phone is working against me
You make a very good point highlighting the cut off. It plays a big part in mine viability. 0.25% on Luansobe is based on a $9000/t copper price (from the mineral resource estimate that Addison compiled for it). Since the price is above 9k, the cut off could be lower for the mine part
Secondly, the overburden which is usually an outlay by the mining contractor at their expense becomes less of a "burden" making the mine more attractive
Not too mine -
How I love small mobile phone screens at the age of 56 - too plausible to mine rather than outright sell
Started: hairydavey, 11 Jun 2024 07:30
Last post: CHRI5P, 11 Jun 2024 08:24
BZT is a bit in limbo and the project cost nothing but time. Considering BZT have no money it might help the SP to complete a small placing to keep things ticking over while the licence is approved and a possible IPO of a different holding is announced. I am invested in BZT because the share value is so decimated on no news.
Colin decides which company will be getting the new projects. For example BZT's new joint venture. Surely, it would be better for a well financed company to take on a new venture such as GLR as I am pretty sure BZT is in no way as financially secure as we are. Perhaps he just does a round robin with all the new projects he finds.
I do agree though, as much as I have liked all the new projects we have acquired, it is now time to focus on realising value from them. Once we have a huge one off cash payment, or regular money coming in each month, then by all means go after other projects.
I do wait in anticipation though for a large sale of some variety in the next month to 2 months. I just have a feeling its coming soon!
Last post: iky786, 10 Jun 2024 16:25
Oh colin you acquire more projects (bzt) , why not just focus MORE on what you have in hand and actually make them a success rather than "wishful thinking"...
The market and many lth have lost faith in you ( you have analytical still on your side.lol).
Come on mate, stop playing poker and do that deal which i am blatantly aware of. đ
...Colin this is your time. Give us something big.
Taken a massive hit this morning over on clon... ouch that hurt baaad.
Come on glr pleeeeeeeez
Started: Analytical, 2 Jun 2024 13:17
Last post: Datacheck, 5 Jun 2024 21:43
I think you're right Analytical. usually the beginning of the month they are released and the next is over due. what a good piece of news that would be to have the License granted. Both parts of Luansobe licensed up and ready to go for buyers or production.
DC - we should be getting the 80th MLC results soon. The 79th was around 12th April - https://www.mmmd.gov.zm/?p=2794 where we had the Luansobe open Pit Approved (Statunga), and I was expecting another MLC in May. Maybe we will get an update on the other Small Scale Mining License Application in the 80th.
Ill take ÂŁ250 million cash with a 5% royalty on both open pit and underground licence :)
Operational in 3 months should they choose to was words that i have picked up on Luansobe.
It certainly looks like all licenses are being positioned for every eventuality.
back to watching the License committee updates as these are more up to speed than the visual status on the cadaster
This could finally be the year for all long term holders!
Started: Analytical, 1 Jun 2024 11:19
Last post: Analytical, 4 Jun 2024 16:46
Coordinates of the currently deferred license application Applications: 34118-HQ-AMR
https://earth.google.com/web/search/14%c2%b028%2738%22S+28%c2%b028%2744%22E/@-14.47726795,28.47870265,1175.58378949a,1013.85568917d,35y,0h,0t,0r/data=CigiJgokCQ90Ih0f7SzAEVZ9Ta6c8yzAGZd1nbDwezxAIQFUGsSldTxAOgMKATA
The Roast was very one sided and only discussed Copper in Zambia and Namibia. I do have money in BZT but IMO AFP will be screwed by First Quantum and are destined to own 25% of the licences. We all have our our own opinions but for me GLR is the only Birdie company not totally reliant on copper and does have 9 prospects. 7 of which the roast chose not to discuss. AFP is one of their shares of the year so not unexpected.
The zinc is in limbo unless due to its closeness to the township, until the issues are resolved it is a non starter. But is still a worthy project if it can be realised.
The absence of published research does not mean things are not happening. Example - Kamativi, Kalahari etc. if you think cooper lemon are not involved on the ground given the strong relationships in play, and their stated expertise in brokering deals in dispute etc then point me to the alternative representatives that are handling things on the ground. As for âridiculous comparisonâ well Thank you! I do strive for originality in my absurdity. When I bought huge volumes at 0.4 I was told that was ridiculous as well. :-)
ka..tu..
dec 2022 interims..."the company has continued to plan for a drilling programme at the ka****u zinc project."
dec 2023 interims.."navigating the expectations of the various parties is challenging and the company's representatives will continue to build a business plan. once priority locations have been identified, further shallow drilling on a close-spaced grid for grade control purposes will take place."
april 2024 charles archer.."however, it remains essentially in limbo."
please can you point me to further research indicating progress beyond the ml application in feb 2022
Started: FunkySausage, 7 Jan 2024 10:58
Last post: Analytical, 2 Jun 2024 12:22
Further Investment into Zimbabwe: https://www.intellinews.com/chinese-companies-eye-yet-another-zimbabwean-lithium-asset-sandawana-326845/
Another way to look at it is, the longer it takes the better the price. Anybody can give the assets away!
BS Monitor. No. But I do expect deals are happening.
Pay your money, take your choice. Still accumulating and making my own decisions.
Expecting nothing except more hot air from Bird on future metal prices-would loved to be very wrong but somehow doubt it
Started: olddrongo, 31 May 2024 08:27
Last post: Analytical, 2 Jun 2024 06:29
LOL. in your opinion.
We know you like to reinvent history 3CB and constantly moan about other CB companies, and that you hate the thought of GLR, its investors and CB being successful. Yawn.
Re "No Iky. Your post was removed because you accused me of working for Galileo. Again. You then said it was just a a joke. Again. "
No Anal, his post was removed because you are a cry baby who runs off to Admin every time someone posts something that doesn't meet your agenda. Suppose you'll get that removed as well.
Speculation and such is OK IMO unless it is blatantly ramping to move the SP. At the moment I believe Iky but with a pinch of salt. The SP moved yesterday slightly but on much increased volume. It would suggest someone is buying in and the SP could move much higher next week. Just speculation and a glass of wine today is required soon.
No Iky. Your post was removed because you accused me of working for Galileo. Again. You then said it was just a a joke. Again. Itâs funny how folks can post a note backed up by research and be called a ramper, but some bloke reckons his mate has some inside information, wink, wink, and heâs not called a ramper. Iâll wait for an RNS on this topic before I get âexcitedâ.
Started: Analytical, 30 May 2024 06:28
Last post: Analytical, 31 May 2024 09:10
Worth a listen https://youtu.be/42X6Cp5oOBU given the GLR licenses nearby in the Western Foreland. Also discussed the city presentation.
From what I hear GLR wants to get stronger and larger shareholders on the register. Deep pockets who are here for the next big phase and are more stable in their buying habits. Buying in the market as some of those HNWs at the city club do will help clear out weaker hands.
Question is the need to publicise? Thought we had all the funds to get it into production?
Thanks for outlining the presentation. I have to admit the lack of share buying does surprise me but at least there does seem some effort to spread the word to a wider audience.
Thanks. I recall DC stating it was a land grab and it looks CB has grabbed it. Interesting point re land packages. I prefer GLR to keep the Western Foreland and develop further to add value - and that's why I want to see monetisation of Luansobe and some asset sales - Kalahari, Ferber in the first instance. Shinganda as an IOCG could be yet another game changer.
Started: prickly, 30 May 2024 17:10
Last post: Irishdemon, 31 May 2024 07:47
GLR has to be one of the most undervalued and high potential gain stocks in the junior market place. Assets do not lie !!
An excellent article and essential reading for a comprehensive understanding of GLR and its potential very high value.
Ahh. https://investingstrategy.co.uk/mining/investing-strategy-the-galileo-resources-edit/
You mean Charles Archer. A good guy.
Hi Prickly, I am not familiar with Peter Archer. Who / where etc? can you share details ? Thanks
Cyber
I also heard the rumour that Cooperlemon had sold a mine in Zambia recently . Quite a large sum of cash . Dare not repeat the figure here but rest assured it was many multiples of GLR's market cap
Notwithstanding the recent correction in CU price I would like to quote from Peter Archer's analysis of GLR .
THE BOTTOM LINE
"GLR has built a significant asset base, much of it within Zambia and much focused on copper-which is potentially about to go stratospheric.
With multiple plans for assays, potential mines, joint ventures Cooperlemon et al it is well placed to benefit from a perfect storm."
Started: hairydavey, 30 May 2024 10:06
Last post: Analytical, 30 May 2024 10:21
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..
Last post: Analytical, 30 May 2024 08:45
Good for ARCM https://x.com/ArcMinerals/status/1796083107075895487
And good for our nearby Kalahari licenses.
Good points Iky and my thoughts too. They also have first right of refusal on the rest of the licenses to buy and a chance to invest further and put a member on the board of directors. They wouldn't build that into the contract if they didnt think the company would be expanding.
My personal thoughts on the KCB now, are that it has stepped outside of the original agreement and some "give and take" deals are being done. SFR had to spend $4m on "sold" Licenses on 2 years from the transfer date (which has lapsed now) and a good proportion (50% ish) of that was for specifically drilling PL250 and 251 which are closes to their T3 and A4 expansion and Cobres Kitlanye (and our 253 as we all know). if they didnt spend it, then we would receive back the delta from the $4m.
in the half year results we got an update on each of the "sold Licenses" and in relation to 250 and 251, there were no drill updates as said in the contract. In the AGM Martyn was telling me that there were problems with SFRs AGG survey plane and it had been getting repaired for a long time (I'm sure i mentioned this in my update from the AGM around October November....but hasn't become poignant until now). This is probably why there are no drill results on 251 and 250 as there couldn't be an AGG survey to direct where to drill.
however on the flip side, and this is just my opinion, now they appear to be flying again, they are giving us results on PL253 for free (most likely in payback for not getting as far on 250 and 251 as they should have). I imagine though the essence of the original deal still stands and they will drill 251 and 250 and we need to see the results when they arrive albeit delayed
all imo
Sandfire's Share Subscription: Sandfire to acquire US$1.5 million 41,100,124 ordinary shares of 0.1 p in the Company ("Galileo Shares") ("Sandfire's Shares") at a subscription price of 2.68 pence per Galileo Share, being a 25% premium to the 10 day VWAP of the Company's share price as at 22 January 2021, being the day before the signing of the Share Subscription Agreement. Sandfire's Shares will be issued at a premium of 17% to the closing mid-price of the Galileo Shares on 25 January 2021, being the last practical date before the issue of this announcement. This will represent a 4.62% interest in Galileo.
Sfr buying in at 2.68 at the time was definitely based on more information they received, not only on the kalahari project but glr as a whole...imo. surely a company that size does their DD before investing and by investing I mean long term not a quick flip, unless they been selling over time in small chunks at a loss which is unlikely.
So 2.68 is my base for this glr story to unfold.
Data you maybe able to assist, in the same rns above it said sfr have 2 years to carry out works, we're over that period so now what?
Come on CB wake up and share that news.
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 wasnât an Investor here I might even agree.
đ¤Ł
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.
Started: hairydavey, 29 May 2024 06:01
Last post: moneygilb, 29 May 2024 12:02
I like this guy ha!
In laymanâs from that rns⌠how much in ÂŁs is that copper sellable for at todays value?
Well predicted HD! you can come again mate
Or the next or the next ....đ
Probably wrong -more likely just general waffle from Bird on future high metal prices.
Continues to treat investors here with complete contempt
Probably completely wrong. But I just have this feeling in my bones that we will be getting a lovely bit of news either this week or next.
Started: hairydavey, 29 May 2024 11:29
Last post: hairydavey, 29 May 2024 11:29
We go some nice news :)
Just need a project sale RNS now :)
Started: Analytical, 26 Apr 2024 07:08
Last post: Sumoskier, 28 May 2024 20:18
I think CB is taking everyone for mugs. If he had any respect he would at least acknowledge the licence had been collected and options were being developed.
The Chinese know how to corner the markets.. they are also active in Zambia - the $15bn smelter hints at what is to come IMO.
https://x.com/robert_ivanhoe/status/1795481976331489362
Started: Prospector99, 24 May 2024 18:27
Last post: Analytical, 28 May 2024 14:15
Worth a read - Published May 2024: https://www.iea.org/reports/copper
Pierre Andurand a former Goldman Sachs trader who now manages approximately US$2 Bn at Andurand Capital reckons copper will peak at around US$40,000 in 5 years, the time it will take for supply to catch up!
Meanwhile BHP increased its bid for Anglo.
Started: Coyote2020, 26 May 2024 20:28
Last post: Analytical, 27 May 2024 11:06
I am not invested in other CB companies. That might change once GLR has re-rated significantly as some of the others have interesting licenses, however their chances of near term monetisation are low at the moment compared to GLR. GLR has several well documented and often discussed monetisable licenses - for different reasons, and in different ways. Investing always comes down to probabilities. Some investors will not know what they are investing in and will still make an investment. My preference is for stocks that investors do not yet understand and I have been chipping away at GLR for several years as my own assessment with my own money is that the market has not yet figured it out. I donât and am not interested in comparing GLR with other CB companies although some are operating nearby so there is obvious interest in the results they make with the drill bit.
One thing for sure is that when CB is successful - which is a rare occurrence on AIM, TSX, ASX he blows the doors off. He has the contacts and knows what he is doing in the regions he is most successful in. He has partnered with Cooper Lemon who are good partners to have on the ground in Zambia and I am happy with that.
So I continue to accumulate, as do others for sure, and I note we are now in a copper bull market, and in the right post codes.
Flipper56,
Your second para "The net result...." can be applied to all CB's companies!
We invest to make money, anyone who says different is kidding themselves.
"So what's the hurry?"
Equally, is that the plan ? Last year we were told by the Company that production would start Mid 2023. Cooper Lemon now tell us September/October 2024. Some on here say it will be shortly sold.
The net result is we no longer attract new investors despite record high copper prices. Why ? Because no one knows what they are investing in or see any potential shareholder returns ?.
With Mopani one side, Chillerton Group the other I can easily see ready interest so I am not negative. But at some point we will need money coming in to fund 2025 and beyond. And obviously the point of a discussion board is to discuss.
So what's the hurry?
Costs remain the same, every additional $ on the price goes straight to the bottom line and profit.
Luansobe contained copper.
56kt Open pit - $2.24Bn
97kt U/ground - $3.88Bn
Total (LOM revenues) - $6.12Bn.
Plus the 'Deeps'
Started: Coyote2020, 24 May 2024 10:17
Last post: Analytical, 24 May 2024 10:22
:-) 100% The only question I have is which deal drops first.
e.g. Mufulira is not the only outlet for Luansobe Copper from the Open pit. Toll processing with other processing facilities will become a factor IMO. The other areas within the Luansobe license also show huge blue sky potential.
e.g. Same with Kamativi, increasing numbers of companies are putting forward proposals for in country processing - which is good for the GLR asset.
Then there are the other GLR assets.
At Kamativi, the Lithium price crashed 80% last year due to a number of reasons with no return to former levels predicted anytime soon. Any deal would have been adjusted accordingly and it therefore makes good sense not to deal at that time. The upside for Galileo is during the depressed (Lithium price) times, unviable Lithium assets could go off-line or are cancelled altogether making Kamativi with minimal capex/opex as the Chinese have invested a considerable amount in building processing facilties next door an even more attractive acquisition.
At Luansobe, IRH and the Mufulira complex, the scenario is similar. An improving copper market will lead to an increasing price for Galileo's products.
Anyone for Poker?
Started: hairydavey, 23 May 2024 15:10
Last post: Moneyman64, 24 May 2024 08:36
From what you are saying Iky 786 Bird is putting decent shareholder returns at risk for the sake of his own vanity.
All he is interested in is huffing and puffing hot air about metal prices-time he realised 80%. Of a fair offer is better than 100% of nothing
Thought Luansobe was âoven readyâ once the licence was granted.
The total silence is very worrying as you can always rely on Bird to âblow his own trumpetâ
Hope this has has not being messed up
Actually IKY affirmat did do something to the MC. Had it fallen through the MC would have plummeted as a cash call would be on the horizon. It wasn't big enough in itself to do anything except fund more opex. The business model needs some shareholder return as in special dividend to show it is not just an exploration gambling device for CB's gratification. If Luansobe falls through it will be so bad from both funding and confidence point of view.
just to add that afrimat money did **** all to our mc the way most expected on here... waited all that time for what.
colin has taken a huge risk re kamatavi ( heard last week) talks were ongoing and at a decent deal i believe but for birdy to step back, apparently waiting for lith prices to increase more and the same with copper.
colin .... fix up for your lth ,we supported glr for years least you can do is an official update not some roast dinner chit chat.
Pay your money. Take your choice.