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As a matter of interest did we ever hear again about that waste dump that CB purchased for a quick turnaround?

Agreed, Stage 2 is the real prize here and it won't take long to get there with high cash generation starting within a few weeks (months at the most) as and when finance lands

Trying to be positive, CB may not wish to comment on Molefe as its JLPs news to give and who knows a separate deal could be close - over the years by experience its often better if he's not chatting all over it on the Roast

IXM looks a strong candidate - very roughly 2bilion shares traded in last 10 days or c 10% of the shares, so we are well placed for a firm push upwards on news with a lot of new holders around the .1 level

Thanks Wheaten and just glad Colin took it on board, must help to support the share price a bit and pretty easy thing to do

Jamyesterday, the best post I have seen on this board for a long time, makes a lot of sense

I think we can all agree that CB is very good at finding interesting and potentially very valuable African resources. The downside maybe is that he's too good at it and can't help adding and adding so now too many plates to spin.

I do think that once BZT financing is agreed that project will start to take care of itself. Likewise KEN is now cashed up to produce the Q3 MRE, AFP probably on the backburner for a bit so it should be time for him to fully focus on GLR and get a deal or two done for us - that's the hope, rather than searching for the next "blockbuster"

Fair point HZ - we do need a partner, just my frustration that this hasn't gone through yet

Scaffman that is an interesting deal at Omico copper - Mining dot com has a good article on it - posting link here in case it works:

https://www.mining.com/appian-deepens-namibia-push-with-400m-copper-mine-buy/

Raise £3million and do it ourselves then we don't have to give a big chunk to a third party throughout the life of the mine, probably beneficial to shareholders over 5 or 10 years if they are trying to screw colin down on the terms - just get it into production!

If we can get Silverking generating cash pronto this should all be self financing to get us towards that annual $100m revenue, commencing around the end of the year - nice

Ongombo should be next as and when BZT funding is completed - hopefully the same people

also we have some great licenses in NW Zambia regardless of the fact FQ decided to walk away - they are on trend from the Friedland stufff

This looks to be a really good RNS, now we just need one for Silverking

I'd be interested as to anyone's estimates of what cash we have to hand?

It could be a very interesting Q2 for XTR (finally)

I hope Colin is now negotiating better terms given that these characters have delayed so long we had to do a discounted raise and the price of copper has gone up - surely time to give them the finger and find someone else if they don't sign

I actually added a bit this morning on the basis that everyone is bored with GLR and a lot of holders hate the fact they have it in their portfolio.

Plus it must only be a relatively short period of time before CB turns his attention to it and gets a deal done with this copper price.

Its all 100% copper, or very nearly, I've seen it with my own eyes, there will be a decision on this tomorrow, or very soon, you better believe me

it will all work out well in the end - It always does!

I just happened upon the Galileo X account and the last post is from 2016.

Maybe someone at the company should deal with that , better to close it down if there is no post for 10 years

Thanks News, but as we are below the notifiable level for Blackstone we could and probably have been selling down the holding since then. Unless there's a more recent update on that number in an RNS then its probably a question that only CB can answer.

I'd also be interested to know how many Blackstone shares we have left? They have recovered a bit of late. I wouldn't be surprised if we have been selling down the balance of the holding, but I guess there should be some value left in those.

Worth noting that zinc is over $3500 and there is a dormant zinc mine included in the NZM deal which would add to the economics over time.

If someone offered CB $150m or similar for KEN this year I'm pretty sure he'd bite their hand off - I think there's a fair chance of that happening as well.

He's got some very good prospects in his other companies, notably BZT but KEN is the one that could offer a quick sale giving him £20million plus now- Bird in the hand etc