Member Info for CHRI5P

Please tell me why you would want to invest in risky AIM exploration companies Moneyman64? The price rise of the resources a exploration company is exploring and deals in the same location would not be bad news or do you really think it is irrelevant? I can't believe why you invested in the first place.

The price of copper and lithium is moving higher which is good news. The waiting for the Luansobe license is annoying on the service but this might turn out to have been welcome in the end. When the licence comes through and copper holds on to todays price or moves higher then the open pit mine will be so much more profitable to mine ourselves or sell. The value of the Luansobe mine is worth a lot more now than when we were getting offers 6 months ago. Luansobe open pit mine with copper at its current price could give us a multi-bagger in the next few months all on its own.

Strange that there have been no trades on LSE today especially considering an RNS today.

Iky deserves a cash deal

I think I posted in January that we would need an RNS to give details on the 80% ownership and that would come first. So we are now waiting for the exploration licenses extension. Reading through the RNS it is clear that they're lining things up and Iky's post last night was a push. The potential buyers would require the licences extension. This could be a large JV deal but CB I want cash today and not possible in 4 years time. We have other assets which can provide the big sale.

Thank you Iky and just maybe your post will require q update

I will top slice at 8p

ID you might be right. I have not used the phone for over 10 years. I used to trade investment trusts warrants and I would be buying over 10 times the NMS Barclays would ask me if I wanted it to be showed or hidden. If it was my last buy then I would show it. I also was called up by Barclays once to ask if I would sell a large number of shares at bid price (price 9 - 11) because they had a buyer. I sold them and bought a car. I miss the old days when I could call up and ask for a much better price which Barclays would accommodate.

I have traded a small amount of my GLR holdings like you FS but I am now at my highest holding ever due to the number of potentially re rating RNS's that are waiting to be disclosed.

From what I gather and this was a few years back when I used to phone to trade and I was wanting to buy a lot Barclays had the option to not disclose the buy so I could possibly buy more without the price moving and the same when selling. I only trade online now and have not tried or looked to hide trades.

FS maybe you were filling a large buy which was not disclosed. If I buy even with Barclays I can ask them not to disclose the buy.

The SP should be back at 1.1 to sell 1.2 on Monday - a fall of .025 not 0.1!

The cashflow not disclosed yet due to requiring the mining licese to be granted

Welcome Iani to GLR - we do have so many prospects and compared to CB's other companies it is quite embarrassing.

iani we did not need the nw zambia licence i personally think cb bought it through glr because non of his other companies had the cash to. the licence is speculative but that's what exploration is at the start.

for me shinganda, sfr kalahar, own kalahari licenses, bulawayo, kamatavi,luansobe and even ka****u and ferber are ahead because in all there's been enough data to show there are deposits there.

There is a lot of potential good news to come:

ML granted

Increased Resources

PEA

Increased mining area

I will be buying more if the SP stays at this level.

Andrew444 I agree when you said CB is all out for a big find due to his age but GLR have 5 or 6 other prospects which are far more important than their NW Zambia licence. If GLR find dust it will be of little importance to GLR.

Yes a good day but will take it with a pinch of salt due to XTR falling back today from their large rise yesterday. If there is one company in CB's portfolio where news/RNS is imminent then it must be GLR with such a huge number of prospects. Maybe tomorrow is the news we've been waiting for.

I am sad to see the demise of any company owned by so many British investors. I do think like with SXX there will be a small payout. For me when a company makes the decision to mine it's not de-risked it as just changed the risk profile. The told you so people who enjoy rubbing salt into a deep cut should do everyone a favour and ... I am a previous HZM investor so I have followed the company so I do feel for you. The easy bit of investing is to sell when you're up but taking a loss can be difficult and extremely painful with that glimmer of hope replaced with sadness. I hope the financing can be agreed.

The reasons for me wanting GLR to concentrate on exploration and not overspend can be shown by looking at SXX and HZM. Too many investors think a prospect as de-risked when the decision to mine is made. However, the risks of huge financing and construction over runs let alone the possibility of a falling resources have just begun.

Absolutely not, GLR bought 29 licenses in the Kalahari for less than £400,000, spent £100,000 on them and sold 8 to Sandfire for £4,000,000 without putting a drill in the ground. Luansobe is already to mine and the JORC was announced 12 months ago. When there is a race for a number of licenses in the right postcode, the right initial helicopter reports and the ground rock sampling then you will get the interest.

Thanks Prickly, I have a few BZT and feel the SP is well over sold.