Member Info for CHRI5P

0.1p

At last up 1p

Agreed JP but what reaction would you expect if copper wasn't visible and we just announced drilling complete on 2 holes and samples being tested. I am not saying we have found a copper deposit but the chances have improved from the first 2 holes.

Fantastic news but will PI's understand the RNS properly. KAV had 4 drilling campaigns in Botswana and found dust on each occasion and yet they are worth over twice the value of GLR.

Best week this year and may it continue next week.

The SP is back to 1.025p, MM's playing games.

I don't think the move over the last few days is to do with JLP but the 253 RNS. Not saying JLP won't be announcing a JV on the Luansobe OP. The JLP deal of $90 million was news months ago and the SP kept falling. However, news on Luansobe is imminent the drilling on 253 is even more imminent.

Up 0.15p what a few days

Up 0.075 so 1p to buy

Up 0.05 p, maybe some news on the drilling soon

Up slightly - if the initial tests are positive and BHP/SFR either side then you'll have no chance building a substantial holding in GLR

A good day today with a small rise.

The hand held pXRF instrument can be used and they might see copper. CB said he will be updating us.

There might even be sample tests this week because drilling had started and copper can be tested for initial grades on sight!

The Chinese do it the other way hence PREM getting in a mess. They funded PREM to take on the work knowing they would pick up the pieces if PREM got into trouble. We should never do it the PREM way.

I think Kamativi is the most likely outright sale. The problem is that you struggle to get the right price. Hence, doing a JV deal for a small cash lump sum and funding to a DFS for say 75% of the licence is a good deal because it costs a huge amount to prove up to a DFS. BHP paying $25 million for proving up. To own 25% of something possibly worth $500 million is better than trying to raise $25 million to do it yourself.

If the drilling goes well I expect a JV from Sandfire. Cash up front say 2 million and funding until a DFS for a majority ownership. CB is not going to sellout completely of any of the major assets because he wants to deliver a mind blowing sale of GLR with many assets. Both Zambian OP's are big enough to fund the company for a decade to grow the deeper assets. IMO we will have JV's with bigger companies to get the work done. I think Kamativi is the only possible sale because it is Lithium.

Up 0.01p

If the samples contain copper from the initial on site testing we will be getting RNS's every few days which could cause a massive re-rate on it's own. I'm not saying it is a certainty but very possible.

Up 0.075p and no trades on this board

Great news for an exploration company to start drilling on their licence with possibly the greatest potential of a huge find. This could be massive.