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A few decent buys popping through today, not me this time, anyone want to own up?

hopefully a few new purchasers GLA

We haven’t got a viable copper resource at the moment tho so that shortage is a bit irrelevant to Xtr. We do have a decent gold asset tho I think

Iky I don’t think you can criticise Colin for not delivering on a prediction he hasn’t made.

(“Id be amazed if something wasn’t announced signed by Christmas ” etc etc)

Very easy to get too enthusiastic and over promise isn’t it ! 🤔

From reuters:

* Lithium miners gain tracking higher prices of the metal

* Guangzhou Futures Exchange (GFEX), China's most-active lithium carbonate futures contract, closes 8.6% higher at 102,550 yuan ($14,370) per metric ton, extending a 10% gain from the previous session

* Albemarle , Livent and Piedmont Lithium up between 3.7% and 9.8%

* U.S.-listed shares of Chile's SQM rise 2.3%

also IRH from Abu Dhabi who have VERY deep pockets are also on the hunt for lithium - they just did a big deal with Jubilee who Colin is very close to, so it could go that route too

A lot of lithium miners up the last couple of days as the price has perked up quite a bit, if that continues they might still get the signing pen out

The most likely scenario in 2024 of course will be the reality of recession , interest rates lowered and a massive QE exercise (as no one will fancy the bonds) which could lead to hyper inflation, revelation that the fed is powerless and likely significant devaluation of the dollar, more inflation

Uk will likely do the same and we are even more vulnerable

So the annual USA budget deficit heading towards $4 trillion ANNUALLY while we are supposedly not even in a recession.

Total debt heading towards $35 trillion - probably needs to pay over $1trillion on that just In interest.

But - they have to keep rates high or people will stop buying new bonds - apparently last weeks auction was a bit sketchy.

If they lower rates? Less buyers for their huge debt selling need plus the dollar will fall which will increase USA inflation.

I feel all this is coming to a head and in the next few months. No wonder other central banks are loading up at artificially low gold dollar prices. Gold shooting up gives a clear signal the party is over , so fed and others don’t want this.

Finally a reckoning for bailing out the crooked greedy banks in 08/09 and in the subsequent 15 years, where these losses have shifted to public deficits ie you and me while the banks and more likely shadow banks this time have done exactly the same thing again.

The rich will have hidden their money, a lot of it not in dollars and that could accelerate quickly- we still at least have the chance to buy gold at this level

Looking forward to a little pre Christmas Shanta rally

Doesn't the JLP deal make a JLP/GLR luansobe deal less likely now as JLP will want to focus on mopani?

Sounds like 20,000 tonnes of copper pa is just level 1 of quite a few levels.

Spoke of 100k tonnes pa eventually from this one deal.

Also creating a modular blueprint that can be rolled out with other large partners - Zambia must be littered with such mining waste, let alone other countries

I’d agree with good news comes quickly etc in a normal situation eg like assay results with cb - but this could be different- only several months since this lithium has come to light and I’d there is a deal in the offing it’s bound to take a little time , especially if there’s a chance there’s more than one bidder - I’m sure that’s what we’d all like to see!

Btw there are 3 x 200,000 trades showing as sells today, they are my trades and they are buys

Yes I have done just wanted to make sure I’d got it right on the drills and assays etc

Am I right in assuming the following:

-There is an 11 drill hole programme at kamativi

- at least 6 have been completed

- only one assay result has been declared on 10th august with very good lithium results

- it can be assumed that assays for all 6 completed have been received by now and that the remaining 5 holes have been probably at least drilled?

Therefore assay results are being held back at this moment - this must most likely mean that we are in most serious negotiations with a buyer for this property?

Any other reasons that there could be for non disclosure?

Was thinking the same G , saw a v good run up prior to previous drill rnss

20 consistent hi grade rc drills in interesting places could set the cat amongst the pigeons

Actually i can now on my desktop not on the mobile app

Been unable to trade on IG all day

*Shaun

One thing I have liked about Sean Bunn so far in meeting him and the presentations I’ve watched, when he doesn’t know something he just says “I don’t know “ or “im not sure yet” doesn’t veer into bs

So when he says he’s pretty sure or sure about something it has more credibility for me.

We have barely scratched the surface with this deposit so it’s going to be a very interesting few weeks and months here.

They are big into Sovereign which is in the titanium space - we will eat their lunch so I’m sure Roast would want to talk EEE down