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Makes sense Ana - they need it in writing. Good compromise FS but at these copper prices and all the copper prospects we have I would like to sell the open pit and reward shareholders with a dividend.
I am not concerned about the 5% rise today considering we have had no comment from GLR via an RNS. I suspect an RNS soon and maybe they are wanting to include details of the process of mining or possible sale at the same time. The acknowledgment of the mining licence will be the catalyst for the talks of the potential contractor or sale process to conclude.
rns in no order:
sandfire licences remember they gave up afp licences but they have spent the full $4, million on those from us
botswana licences sale to sandfire or someone else - update on possible iocg
kamatavi - sale to the chinese
bulawayo - update on drilling - possible sale
nevada - update on drilling
mid zambia - more detail on possible iocg
luansobe licence acceptance and possible sale
ka****u - licence acceptance and sale
anyone of these rns would be news and possible sp increasing
Cyber the RNS was just a containing statement just saying what FQ are doing and everything is OK at this stage of the process. An RNS like that is not going to do much for GLR in fact the disappointment would cause the SP to fall. I only want an RNS that will make the difference such as a sale of an asset outright preferably or a JV partner with AA, FQ, RIO or BHP. I'm sorry MoneyG but a RNS update might just disappoint when we have so many projects that could deliver a game changer.
If we get the ML and considering the percentage we own then $35 million sale is extremely likely for one asset. The profit on the sale could allow us to pay shareholders almost a 1p dividend. Anyone selling GLR without needing the money are totally bonkers.
I still believe Kamatavi will and should be sold. My only criticism of CB is that we have too many projects and it is imperative that we start selling some of them and especially the ones which require huge sums of drilling and money to progress to a mine. We need to make sure we make money and distribute some of it to shareholders this year
Butterman when you own a huge area of land then chances of getting commercial grades on all 10 initial drills is zero. The fact that they all had some Lithium is very good news. It suggests that there is a large deposit but it will not be in every square foot of the licence. In fact the majority of the area will not be viable. You would be stupid to think we should be getting commercial grades on all 10 holes with only 1500 metres of drilling. We haven't touched the service (literally) but we have made progress in identifying targets.