Member Info for CHRI5P

luansobe - mla agreed waiting for for a second licence

kamativi - waiting for the work being done there and a possible iky deal

kalihari - neon own licenses and an update on the sfr licenses

shinganda - proving up a possible large open pit mine

nw zambia - the drilling is in the ground and waiting for results which could come even this week

bullawayo - results on the drilling

nevada - might start drilling

ka****u - update on license referred

so much news to come this year

The MLA decision wiĺl be with us soon. The end off option 1 would require it because starting option 2 would be pointless. So I expect a more volatile SP. Some more buying and at last the spread as decreased.

So the MLA as been in for 10 months and during that period the SP as halved. I suspect there will be news soon and hopefully good news. Unless we get a yes then everything else is doomed and this is definitely in the price. However, a MLA accepted means we can plough on with the PEA, including the resources update and likely be awarded a licence to extend the area. This second outcome is definitely not in the SP price and when you consider the AIM market and the mind of the average PI could be absolutely anything.

I agree WW

If we are to sell the first part of the licences then the second one needs to be part of it.

If we mine it ourselves then it would be good information to negotiate a deal with a contractor for both licenses.

I agree FS. However, it is 12 months since SFR declared the AFP licenses did not contain enough copper but they are still spending on the ones they bought of us. The likelihood of a big payout is increasing by the month.

So JLP is to commence ramping up production of their Roan processor to 13,000 tones of copper per year. Is Luansobe where the extra copper rock is coming from and as GLR just been getting the mine ready in the back ground while we ponder a sale.

We could easily see another RNS tomorrow!

2 open pits, 3 large areas of potential huge discovery of copper, gold and iron ore in one country which is trying to encourage mining and the rest of the world as just noticed! Glr's Zambia assets are too large for JLP even if they were interested. This could be massive.

Shinganda is the special one so good to see drilling is to commence this month.

Going back to the interview I find it strange that Colin was not asked about Luansobe? There must have been an agreement to not ask. If this is the case then could we have a second RNS even as soon as tomorrow morning?

We seem to now be in an hurry to get some data from the NW Zambia licence. Could it be at all possible that rather than keeping the Zambia assets we are looking to sell the lot including Luansombe, Shinganda and the NW for one mega deal? Huge speculation I know.

M64 can you prove that this is not happening in the background - do you have inside knowledge?

If NW Zambia does show substantial copper deposits then FQ will be the big winner. They have a deal with AFP to accumulate 51% of the 4 licences if they can find more than 300,000 tons of copper a very, very low target if this is the copper find of the new world. We need to suggest there is 500,000 of contained copper which is much higher target for one licence (to get 65%) but we do not need to compile an official report stating it. If we can get good data and now that everyone is up to date on the NW Zambia potential we will get a superior deal to what AFP was able to negotiate. Still ifs and buts for now though.

bs

we are waiting for:

kamativi drilling results possible iky sale

shinganda drilling results update

bulawayo drilling results update

start of nevada drilling

ka****u ĺicence update

luansobe update on sale/mining start

many rns's to come

this rns is to wet your appetite to what this exploration might uncover next week while the other assets will be updated in time.

So the psychology of trading is to sell after an RNS spike because the likelihood of another RNS is some way off. GLR have a number of outstanding rerating RNS's to be delivered. Exciting/nail biting times waiting for those RNS's.

Up 0.125 - no one selling

Another 1 million this morning - news on a sale imminent

CB bought some GLR shares a short period before the ML was granted for Luansobe. I think the ML is in the bag. I only have 17 million BZT shares so only a relative small holding so no attempt to ramp from my comment just an observation

Cyber if the supply will meet demand in 5 years time then the spot price in 2 years time will be on the floor. Again if supply is expected to meet in 10 years time the price of copper will reflect this much, much earlier. The spot price today is meaningless to what it will be in a month or 5 years time. In the long-term it is about supply and demand for the future and the average of the spot price over 3 years.

No on one buys a mining asset on the spot price. They use the 3 year average and look at the expectation of the resources demand/supply going forward into decades.