Member Info for CHRI5P

37/38 minutes into the interview CB says we know we have domes talking about the Kalahari licenses. He then says later that 253 is obvious and we will be drilling the others (I expect 39/40) to add value!

I am glad no RNS this week because I think the longer we wait the more details we will be given on a possible sale but more likely the cost and estimated revenue from using a contractor to mine it.

CB said there is a new report in the last few days on Luansobe as identified more ore by re-working all the logs and they will be diverting some cash flow from mining the pit to start drilling on the deeps (hence some but not all of it) and it is attracting lots of interest.

I think what I said on Sunday that GLR is described now by non Zambia assets and the Zambian assets is important with most of the former being sold off or JV'd in the near term.

CB said there is a new report in the last few days on Luansobe as identified more ore by re-working all the logs and diverting some cash flow to more drilling on the deeps (hence some but not all of it) and it is attracting lots of interest.

Shinganda still on for an IOCG

Interesting work on the NW licence but not allowed to say too much at this stage (RNS will be need to update this asset soon)

In Kalahari licence P39/40P very prosperous and 243 (253) in the middle of Cobra - talking with Sandfire but not others yet but likely JV's eventually with someone and 253 is OBVIOUS and they want to add value (more drilling) before talking to anybody else.

Kamativi, CB confirms continuous Lithium grades which delighted them but not the market - they took a Chinese group out there!

Bulawayo now drill ready with targets.

Yes, I would like to sell some assets to reward shareholders which is unlikely to happen in the near future but the assets we have are looking very good.

BS I think CB said they had new data on the Luansobe model but I actually understand your point that the revenue being ploughed into the other areas of the mine might not help the SP.

I will definitely listen to it again

I did like the 243 comment!

A very interesting interview. Those investors demanding an update should listen to it because that's what it was. I will keep my thoughts to myself but it was very informative. Those epecting news will and should wait for an RNS.

FS you're last post is speculation because there are so many ifs. Reward now and there is no need to dream.

FS we do not usually spend a fortune on drilling we JV so we would still need to raise loads from your analysis. So a special dividend is the safe and sensible option.

2020 -

CB last bought at 0.73p on june 2000 after we had just bought the Kalahari licenses and 6 months later we initially sold 9 of them 6 months later to SFR when the SP spiked over 2p. CB knows he can't buy too many due to the SP spiking but to me this is a huge vote of confidence and 2p will be with us very soon

Flipper I'm not even thinking that the NW Zambia license is in the top 8 of our licenses. It might be one day but it is years off finding something. We have assets where the drilling as started and the news is already very good.

GLR up 13% and the Footsie hits a record high, me think a pint down the pub is due.

If 3card is comparing BR with Luansobe then they deserve to lose money

Just to confirm my takeove analysis was everything gone for £200 million for the 9 licence areas so £22 million per area. Sandfire might have to pay us £80 million on the ones we have sold them. So why not pay £200 million for everything and they have inside information.

I do think Sandfire will take us over but not yet. They will probably build up their stake up to 15% first. I also don't see the Kalahari assets being sold quite yet and Sandfire will be very interested. They also stragtegiccally will be wanting to build a position in Zambia next door to Botswana. I think CB will be offloading the Nevada, Bulawayo and Kamativi prospects first. I hope Luansobe will be sold off but CB likes Zambia and so it might be a core holding and we involve a contractor to go mining.

Australia but I don't think that would make a difference to a deal if you get 18p a share

My reasoning for Sandfire taking us over is that we are worth £12 million and they would get the Kalahari licenses they're definitely interested in and a Zambia land grab for the future. However, they would need to offer £200 million which could be paid for in Sandfire shares.

A takeover over of GLR by Sandfire using their shares is getting more likely every single day. Just my opinion.