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This is certainly dragging on but all we can hope is that Colin is entertaining and negotiating on good offers while at the same time getting the ducks in a row to work with partners to start getting the Luansobe copper out of the ground ourselves. Might be a tough couple of months waiting without much update.

Some positive developments at Shinganda / Botswana / Zim in the meantime would be very very welcome tho (unlikely this week as its Ascot)

Possibly more likely to be linked to NW Zambia as Ongombo looks like its tied to H&G in BZT - if that BZT license had been granted there would be an uplift there and there hasn't been.

When it’s sold or getting into production- ie within the next 3 to 4 months

Hi he mentioned it at the City Club presentation last week which I went to , showed a map etc , don’t think there was a recording of that tho - the Sunday roast discussed it a couple of days ago when they covered the presentation

Seemingly a bit more interest in this share atm . Think we can be pretty confident that FQ are drilling away. As was gleaned from last weeks CB presentation and podcasts it looks like Hope and Gorob in BZT and Ongombo will have a combined processing operation , so any good news on the H&G license will be good for AFP too.

£14k buy popped up at the end there - maybe Iky is onto something this time...

Looks like a few bigger trades going through now, hard to see which are buys and sells , as we know LSE gets that wrong quite often

PS the XTR RNS today adds 3 x new exploration licenses to the CB group NW Zambia holdings. Haven't updated my own map of this yet but he now covers a lot of that trend corridor south west of the Kamoa Kakula (Ivanhoe) through Zambia to the border of Angola where Ivanhoe are again.

Arguably all of them could be subject to an offer from Ivanhoe or First Quantum should significant copper be found proving the trend in that direction. Purely my own opinion on that.

One thing I heard at the presentation was that Cooper Lemon sold another mining property they were involved in to the Chinese in March.

My other observations of the presentation are:

- that it was very well attended (I noticed the CEO of one other highly rated AIM mining company plus a lot of well connected brokers)

- NW Zambia especially is a great place to be at the moment and GLR has a potentially key license next to Ivanhoe's recent Angola acquisition

- shinganda has huge potential

- Luansobe could be brought online in 3 to 4 months but they are considering all options

As it was Zambia focused Kamitivi and Kalahari didn't get much attention.

Colin had great energy and is certainly getting on with things. Cooper Lemon guys were there and the lawyer lady spoke briefly and sounded v competent.

I'm sure we will find out the outcome with Luansobe in the next couple of months, they have partners lined up for various scenarios and due to local large investments there is a lot of interest in the open pit and beyond.

Overall impressive.

Wouldn't be surprised if Colin is keeping his options open just now, not a bad idea with the license 100% confirmed - those that had an interest in theory with initial discussions will now be sharpening pencils

IMHO this will probably be the last chance to get GLR at these very low prices. I believe there will be a strong announcement on Luansobe (and maybe other assets) in the next few working days, early next week latest. As long as a clear and profitable plan is forthcoming I'm happy to wait a little longer.

There’s a significant deeper element to the Ongombo resource, exploring that further is a separate exercise to getting the open pit element operational

Also First Quantum starting drilling for us in NW Zambia hopefully for large amounts 4 or 5% copper. That area is getting incredibly hot now.

- we have a strong mineral resource at luansobe and some very interesting drill results at kamativi and shinganda

- I was also caught up in the hype on Bushranger xtr -Colin got that completely wrong and essentially misled investors about what to expect and the likelihood of a deal, whether deliberately or not -maybe he was convinced himself that it was an imminent big win - well clearly it wasn’t , in 2022 anyway

But what’s in the ground is in the ground and Colin has proved that he can get it very right as well as very wrong .

I think the cb factor means this share is quite a lot cheaper than it should have been given we are really not far from having a v profitable mining operation or perhaps an asset sale. I’ve seen that as an opportunity personally to get more shares for less money.

I did get a whiff from the last Roast that a sale was still an option- personally I would much prefer that. I’m not sure our executives have enough experience at either setting up or executing a mining operation/profit share (see unclear and tortuous Manica deal).

So hopefully lessons are learnt, get the asset oven ready and flog it or have a simple easily managed deal with a partner to get the $$$ rolling in

Interesting Roast podcast just out covering the Zambia trip. Quite a lot about Luansobe and Shinganda in there - I'm feeling May will be a good month for GLR

Older that's an interesting one Phoenix and had a quick look at it. In the end that resource is "only" 50,000 tonnes of copper at .49% so perhaps no surprise no one is getting excited? small size and average to low grade. agreed if the result at Garfield eg ended up looking like that the share is going nowhere, definitely hoping for better tho

I’ll leave that to those who keep claiming to have the inside track , eg yourself

Colin has effectively nearly 9% of this one , a very good reason for him to make it sing with projects rather more advanced than his other cos - if he wants a big win on the next 9 months then GLR is the place

(Barring first quantum hitting the copper motherlode for AFP in the NW)

Thanks for correcting a missing O there btw Irish ;) great work

Tanvier/sanderson must have a lot of confidence in AFP prospects as as far as I can see all the upside to making this loan is lots of AFP shares