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Is this Cobre deal just announced anywhere near our properties?

* Shares of Australia's Cobre rise as much as 5.6% to A$0.057, its highest level since August 25

* Copper explorer executes investment agreement with Sinomine International Exploration (Hong Kong)

* Under agreement, Sinomine to purchase 70% stake in Cobre's Okavango Project in Botswana for A$7 million ($4.55 million) after an investment of A$3 million for Cobre's shares

* Stock is up 9.8% YTD, including the session's moves

presuming this isn't one of their key licenses as its being sold for 7m aus$

The last interview I can find of our ceo on youtube is from May 25, which isn't good enough. Unless there's some v big news brewing then he has to get out there more banging the drum, no chance of meeting the prince if Cinders can't be a@@@d to go to the ball.

Its 0.069 aus dollars so more like £5million, but I personally think Blackstone has a lot of upside so might be £7m before too long

very much agree that the upside here is very significant - news of financing will propel us pretty quickly imo

Just trying to estimate the capex for HnG having just reread rns and listened to the podcast again.

Figures I'm estimating for capex at the moment imo are as follows:

cash purchase of the processing plant $2,500,000

improvements to plant as per roast $2,600,000

on site ore sorter $1,000,000

sorter additions, say $300,000

so $6.4 million for the above

clearly the company selling the plant is receiving royalties etc for processing plant which has reduced the upfront capex cost (plus some bzt warrants)

just my take on it and wondering if this does this sound about right given what we've heard to date?

Just have a little feeling something is afoot. No particular info to that effect, but there’s no doubt we have a couple of very tradeable $$$ assets and through the sheer effluxion of time vs the quality of our assets.

Data - great effort with your nightclub contact ! Made me chuckle- Above and beyond the average shareholder effort that - really hope Colin has got something good for the extremely patient shareholders here.

Bzt action shows he is still very capable of pulling off a good deal, GLR has 3 or 4 assets for a potential deal and we just need the one to start the ball rolling.

I’d be keen to add more if it dropped much from here. BZT now in an excellent position imo on a very low mcap.

The initial phase 1 pit is a proper money maker , then there’s phase 2 scope which could be prepped for a large sale.

With the blackstone shares there’s no need for raises to keep the lights on which has plagued bzt for years, and it looks like financing for phase 1 is close.

Could also be a good read over to afp ongombo resource as that could use the same plant Colin is acquiring . That looks like such a good bit of business - holding cb shares has needed the patience of a saint but things definitely starting to move.

Good to see a good rise and good volume again - hopefully offloaded a lot of pessimists and gained some optimists looking for multiples of today’s price - a few days ago some were very keen for a buy out at .006p so hopefully they got out at .0055 earlier today

By the way also some incorrect info posted on here a few days ago that C Watson had sold out - not the case, it’s me and I’m still holding 3% + and have in fact added again a few weeks ago - gl all holders

Thanks HairyD, was wondering about copper asset sales in Zambia regardless of AIM.

There was talk that Cooper Lemon had actually been involved in one of those outright sales, heard it at the Zambia copper presentation did in London 18 months/year ago

Agreed I'm sure no one would have a problem with a big JV investment to move things along.

The issue is there is no broader update to give. It is abundantly clear that Colin does not want to dig/mine Luansobe himself, he wants to sell it. There would also be the not small problem of financing a mining project, even a straightforward open pit one.

The kind of £ figures some people on this board are hoping for from a sale are to my mind highly unlikely, and there is zero chance of a sale of the whole company to a major. The assets are good but not of sufficient scale for a major, it doesn't warrant their management time.

That leaves the chinese, or maybe medium size miners. There is some agreement here that an offer of c $40m was on the table for Luansobe at some point. In my opinion that should have been taken. The chinese are not going to overpay or even pay 'fair value'

Its often stated that GLR have some of the best assets on AIM. First off aim junior mining companies are mostly rubbish so that's not much of a bar, secondly there will be plenty of good copper assets available in Zambia for buyers to choose from that are nowhere near AIM or listed elsewhere.

If there was a genuine $40m offer it should have been taken and should be taken now if available. Alternative is wait and hope that copper goes north of $11k per tonne and we get that 'competitive tension' that is hopefully envisaged. As we know Colin's age number is going up while the GLR bank balance number is going down so I don't know if we have the option of waiting too long anyway.

Also another question that I asked previously that never got an answer: can anyone point me to copper asset acquisitions in the last 3 years in excess of $40m?

It does feel like JL is just Analytical reinventing himself as a slightly more critical persona where he is now able to vent his accumulating frustrations with CB whilst still living in his ever hopeful world, and not having to admit that he’s been wrong for a long time.

Let’s hope cb gets back to your emails JL with a full and frank update on all projects.

Noticed some v big sales yesterday, post the TR1 announcement - not boding well for confidence here :(

Not surprised some big holders are giving up tho , its coming up for a year since production was promised and nothing at all has happened with a very nice looking approved mining licence - I guess CB is busy with XTR BZT and AFP and the rest

Easy to say in passing that NDAs are in place as that can't be proved or disproved, no RNS about ongoing negotiations so its better to assume the obvious which is zip all is happening at the moment. All the while our cash is dwindling and our negotiating position probably worsening. Zero focus on this by the BOD (ie CB)

Zzz this pedro person is clearly an eejit trying to deramp and maybe also has a beef with Irish - on the plus side when such characters turn up it means there is a lot of volume and interest in the share, presumably he’ll get bored and naff off before long. Of course there has been profit taking and warrants etc which exert temporary downward pressure. The fundamentals are sound: very good assets, sound cash position and relatively super low market cap. If it does dip much below 4 I will be adding personally.

We need Bernard out there doing interviews and promoting the great assets we have here, flying completely under the radar most most investors

I personally don't think the capex for this project will be anything like $15m to get going, at least the initial simplistic open pit. Charles Archer isn't a mining engineer and I believe this is the source of the $15m figure, all imo

Hi Prickly, where are you seeing the $25m Macquarie investment? can't see it on BSX website

Time to hold on to your shares and this could do very well.

Let's hope the Worm has turned with this one.

The resource prospect names are getting less glamorous, but that new one sounds interesting, fingers crossed its a Microchaetus rappi

The bit of the JLP RNS that caught my eye was:

'Jubilee recently continued to expand its near surface mining portfolio with

the execution of two further agreements offering the exclusive right to

perform its due diligence on these properties with the option to purchase the

rights pending the outcome of the due diligence.'

That does sound like it could be Luansobe given the NDA scenario we believe we are in. Looks like JLP could be sitting on $90m cash (less a dividend) after this deal - would they want to give half of that to GLR tho?

I do agree that there is the possibility of a £100m + market cap here tho it feels crazy to say that right now. That's without something big happening on NW Zambia licenses - just need someone up there to make a big copper hit.