Member Info for CaveatEmptor

Plenty of smoke and mirrors at the moment. If 70% - 80% of the open pit boundaries have already been closed off then there really is no excuse for planning to build infrastructure or tailings dams on top of mineable mineralisation.
Seems to me that CB has decided to introduce delaying tactics, so let's just hope that they result in a much higher valuation for the whole licence...

Many thanks, Lucky :-)

"Decision to mine" could end up being a real coup for CB.

It may have escaped everybody's notice, but CB has already made several 'decisions to mine" at Manica without it costing us a penny - by using third party contractors that cover the CAPEX.

The point being that a 'decision to mine' is well within CB's capability

Once a decision to mine, similar to that at Manica using a third-party contractor, has been made, it could result in our earning up to 20% of the revenue over the entire life of mine ( for all porphyries, not just BR) - which would be far more revenue than getting just 2% - 5 % value of modelled copper in situ with the AA buy-back deal - the difference being that the buy-back deal would provide short term cash whilst the decision to mine would produce a much larger return over a much longer period.
I would not mind waiting another year or two to then get a 5p-10p dividend each year for the next 20+ years, but I would also be happy with a one-time special dividend of 30p - 40p ( or maybe as much as 50p?) within the next 12 months, so I am easy either way.

That should read "as you are a respected poster"
- just to make my meaning clear...

Hello Ella,

You seem to know a lot more about Daniela than I do.

LSE is the only forum I read/ post on and I do not do 'social media' - I just don't have the time or interest...

However, as a respected poster on several BBs on LSE, I would be inclined not to let it worry you too much, as those that know you of old are hardly likely to take any notice... And, if you think about it, Daniela is probably just as confused about the discussions as you are?

I do know that Andy is a bit of a social media guru, so perhaps he can be of more help than me?

Yes, It was good of Colin to add to my list some possible additional drill holes being needed to complete the open pit model.

Very comfortable with my earlier timescales now, and who knows , Ella, maybe you are correct and some income may be forthcoming in 2023? - That would certainly be a welcome, if not guaranteed, bonus...

Obviously should read GLR...

Agree that it is good news as it takes us a step further in the right direction, but let's nor get carried away with lumbering the company with unrealistic timescales. There is a lot to do before physical production starts - confirmation of mining licence, signing of contract with a third party mining company then building of processing plant and agreement on a mining plan, etc.
The intention to start preparation for production by the end of the year is laudable but may well slip back into 2023, then there is quite a time lag between starting preparation and starting commercial production, so maybe first income in 2024?
Having to wait another 2-3 years for meaningful income may seem like a long time to some people, but it is actually eye-wateringly fast when put into the context of starting up a new mining operation.

So great news that is a very welcome to the GLT portfolio of ' projects in progress', but let's not get ahead of ourselves.

I agree, Ella,

CB has often said that AA would not want to take on a deposit with a competitor 'next door' - so all deposits within the licence will almost certainly be sold a job lot...

Agreed, the fall in SP is well over- egged and is sure to recover once the more informed investors think it has reached its low point.

I guess we have to expect a few little dips on the XTR journey, but the overall direction is most decidedly up from here...

So closing price was right on the nail - maybe they have got tired of playing around with this stock?
We can hope!

True spread at close was 7p - 7.2p so let's see what figure they come up with for the official close ...

Looks like 7p has fallen a lot more easily than 6p did?

I have been looking again at my notes, and the reason that I originally decided to invest here.

So glad to see that two major players in the copper/gold market decided to also invest and to make my involvement seem, by comparison, almost insignificant.
My current assessment of the SP is that it should now be between 10p and 12p - if I am correct then the majors will take full advantage of the currently weak SP, as they take no prisoners...

Looking at all those 6.7p buys leading into the closing bell and the final SP being decided by a tiny UT (again!), it looks like the SP will open at a higher level tomorrow than today's close...

Agreed, the 16.21 trade of 100K shares at3.8p was probably a sell and the last two trades look like a £10K buy spread over two transactions, so true price spread at the end of the day would have been 3.8p - 4.0p.

Bodes very well for another reasonable increase in SP tomorrow...

OK, so we are in 'speeding ticket' territory now.

I get the feeling that if CB is told to comment on the rise, he'll say " About bloody time, too!"

Based on the fact that we only pay tax on profits, I am hoping to owe HMRC a whole wodge of cash later in the year, in fact the more the better...

22% up already today, this increase should get AFP onto a lot of radar screens...

Looks like the SP is in the march this morning - is the market finally beginning to see the same potential as our two partnering Majors have already invested into?