Member Info for Coyote2020

'First paragraph of the Chairman's Statement,

African Pioneer continues to make good progress in a climate where smaller mining companies are starved for attention.'

The Majors are still busying themselves with mergers, less risk attached in buying producing assets but are not adding to global inventory only moving existing resources around. Eventually they will turn to acquisition for new ground and prospects and the junior explorer/developer such as Galileo. The mining cycle is a protracted process.

FY report out from AFP.

So Lanstead are 8 months into a two year agreement and have sold a third of the allotted shares and is par for the course. Using today's share price a 100% premium to the prevailing share price at the time (0.15p) and a potential placing Well done Bob Smeeton.

Try and keep up Analytical, I am more than just 'very pleased'. Lol.

There is more to it than the Mining Licence. Discussions have been on-going for months would my guess.

How about a Royalty?

Luansobe could run for decades. Mufulira has been in operation since the 1930's, 90 years or more, how much would that be worth to a Royalty company?

Interested to see how this would present to potential purchaser. A good grade, low cost (capex/opex) open pit with quality processing and route to market nearby. A two stage upside, underground with known mineralisation to 1250m followed by the 'deeps'. Who knows where that might lead, Ko bold only kilometres away and 5% Cu. Mufulira is 2km+ deep. The supercycle for metals were told is only beginning and copper is forefront. An absolute gem and certainly worth the wait.

Thank you DC. All I can get this end is 'no results found'. Is the licence split into two or three parts, open-pit (34543), underground (?) and the exploration target/deeps (34545)?

Anyone here know where G-Tec Ltd Licence No 34548-HQ-SML is located?

Also listed as Copperbelt-Mufulira (Deferred). It's an area slightly smaller than the Luansobe open-pit area at around 300 hectares. Thanks.

US$2424.

The irony of the explorer.

Cancel Bulawayo Gold drilling programme in favour of further drilling at Shinganda (Copper/Gold) and in the meantime the price of gold increases by some 33%.

Up nearly 6% on the week and up 33% since early October, 6 months ago when this rally started.

US$2355 a good start to the week!

US$2355 already today!

Another plus for Gold in Zimbabwe?

The Government has decided to scrap the local currency (Zimbabwe Dollar) in favour of a new gold-backed currency the Zim Gold (ZiG) in an attempt to stabilise the economy, curb inflation, reduce reliance on foreign borrowing and attract foreign investment.

In-country miner's pay their royalty fee's, whole or in-part in physical metal and hence the Zimbabwean Reserves currently stand at 2.5t Au (1t + 1.5t offshore) accumulated from zero in only a few months.

Puts Gold in the spotlight and incentives the Government to build a useful backstop.

Finishing the week at US$2330.

Bulawayo increasing in value yet again.

Finishes the week at US$2330.

US$2313 overnight.

A JV at Bulawayo. An upfront introductory cash payment (to Galileo), Galileo provides the asset, the partner provides exploration expertise and funding. A 50/50 commitment for a 50/50 return (sale etc).

Whatever the commodity, up 60% today.

Maybe Galileo should take a tip from E S T.

Only imo.

US$2260

Touched $2277 mid afternoon. Bulawayo increasing in value, daily.