Member Info for CaveatEmptor

Interesting, though that four individuals own about 16% of the company between them. Not often you get so many individual people listed as significant shareholders...

As Colin recently said to me when (metaphorically speaking) we were comparing the comparative sizes of our manhood, he has 63 million shares here and he intends to make a mint on his investment.

Who am I to disagree?

Whilst still very much under the RADAR , this share is set to be one of the AIM superstars of 2021, IMHO,
Even a modest investment at these levels is likely to return a life-changing profit. Pity to miss out.

DYOR

Don't say you weren't warned...

A £2.00 UT at 1.4p is enough to outweigh a £20K purchase at 1.49p - it's a crazy world we live in...

"The data obtained is of excellent quality and will now be processed and interpreted on Galileo's behalf by Spectral Geophysics, a consultancy highly experienced in processing geophysical data from the Kalahari region, and which was instrumental in the recent discovery of the high grade A4 Dome copper-silver deposit for Sandfire Resources. Geological interpretation will then be carried out by our in-house team which has extensive background in discovery of major copper deposits in the KCB."

Does anybody know how long a detailed interpretation of this kind normally takes?

Good posts, News. even if you are not sure which month we are in. lol.

Recommended!

And from RNS just over two months ago:

"Rock dumps from the historic mine workings remain on site and it is planned to evaluate these with a view to reprocessing them to recover copper. In addition, operations at the Kalengwa mine generated tailings that have been assessed as containing a historic resource which is not compliant with a recognised standard and which has not been subsequently updated or verified. This was estimated at approximately 2Mt averaging 1.015% Cu, giving total copper content of 20,300 tonnes, with some by-product silver (Source: Lunga Resources Limited, Kalengwa-Jikambo Summary Report, 2013). Channel sampling by Xtract has confirmed the general tenor of the grade estimate, giving confidence to the reported resource. Further evaluation test work can confirm the suitability of the tailings for re-treatment."

All I know is:

Xtract has been appointed as contractor to oversee and commence initial production from the Kalengwa dumps of approximately 1.34 million tonnes with a potential to contain 25,000 tonnes of copper metal
Xtract intends to commence a simple ore sorting programme, building up to a more significant ore processing operation.

So, as far as I know, no mining to speak of - just sorting and shipping to local smelters with work starting next month...

Only to say that things were on schedule for both projects and that work on site would start at Kalengwa early in the New Year, followed swiftly by income from hand-sorted ore, in line with his previous announcements.

Also sounds like mining has started at Guy Fawkes and start of gold production due this month, building into Q1 of next year.
Also additional Alluvials due to start producing gold over the next week or so. Interesting that both alluvial operations now due to continue throughout 2021 and start to peter out in 2022.

So , once the trades have gone through over the Ask, why don't they increase the Ask to reflect the price being paid? - Shouldn't the spread now be 1.15p -1.3P?

Trades going through well above the Offer - so you should be in profit by the end of the day?

This must be a question that virtually all of us ask ourselves at some point in each of our investment cycles.

I have recently asked this question regarding XTR and it has led me to completely re-evaluate my expectations from the company.

Not so long ago virtually all anticipated future income came from Fair Bride at Manica. More recently this has increased to at least six, short-medium term sources of revenue and a major asset sale.

I guess the best way to express expectation is in terms of SP so here is my own personal revised evaluation of what we can expect over the next three years or so.

Short term ( by end of Q1 2021): 4.5p-5p
Medium term ( by the end of 2021): 10p-12p
Long term (by the end of 2022): 28p-30p and, by the end of 2023 the possibility of a special dividend of up to 15p.

These prices are based on short term developing income from three early income streams centred on Manica and three short/medium term major sources of revenue developing over the next 18 months or so centred on FairBride, Kalengwa and Eureka, culminating in the sale of Bushranger with some of the profit being returned to shareholders.

I know that many will not agree with me, but this is my honest personal evaluation of why I am here.

GLA.

I'm showing a closing price of only 1.3p at the moment - so not much of a rise on the day...

POG doing well today, just in time for production news?

I can buy 4.5 million shares, no problem, on ii

Hello Joeman,
I have certainly not heard of any revisions to the forward guidance that has been given regarding commencement of production from alluvials II and Guy Fawkes in the current quarter, I am sure that any significant delays would have to be notified to the market because it would have a material impact on the SP - so as far as I am concerned, no news is good news - and I am still looking forward to a good Christmas

What will happen to the SP if (yes, a very big "if") we get the first Guy Fawkes dore bar and the first new alluvials dore bar both in this month? That would mean three streams of revenue moving into 2021 and something of a coup for CB.

The Guy Fawkes contractor is working underground, so should be impervious to the rainy season. My understanding of their mining technique means that they will start with mining one rock face, which will quickly become two, then three and by the end of Q1 2021 they should be working on at least 5 or 6 faces to maximise the revenue stream.
First things first, though, let's see those first dore bars to prove we are really on course for the long-overdue rerate...

Agreed Ryan,
After all, the recent official response to a large increase in SP was basically, the information is in the public domain, so what do you expect?
One of the best speeding tickets ever...More to come, I think.

Could have something to do with the idea that GLR could , and probably will be, the next AIM ten-bagger. I certainly don't know of any other companies with that sort of short term growth potential at the moment.

Time will tell...