The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Exactly that Analytical.
Pinnochio, that's the idea. luansobe is shortly to be in operation and the ore to be sold somewhere. The nearest processing plant is 10-15km away at Mulufira, second is 25km at Moxico.
Moxico freshly having a budget of $210m stuffed into its pockets with an ordernto quickly increases production to support Britain's green regime. Moxico will have to mine quicker or fine more Ore close by. That's when it will look for assets close by ready for production I.e Luansobe
A little more detail here
https://www.gov.uk/government/news/uk-supports-green-growth-in-zambia
"The Foreign Secretary will also tour the Mimbula Copper Mine, where British firm Moxico Resources will invest an additional $210 million (around £164 million) of private sector funding to expand production at the site"
Mimbula will need copper ore to expand production. Luansobe is 25km away......we'll have abit of that $210m please.
Right place right time indeed
Agree CHRI5P, PL253 reminds me of the famous farmhouse in the middle of the M62. Its value is its position. We are at the stages of figuring out if the small plot is suitable for the bigger picture. If yes then it will be worth a fortune, but it has to be carefully played or we could just get built around
I think also in relation to the wording in the RNS we have to re visit the arrangement we have. we have an option to spend $1.5m on the Bulawayo and Kamativi projects to increase our stake (currently 29% purchased las year for 50m shares @1.2p or $600k)
at any point we can pull out of spending money on what is pretty much someone elses majority steak project, or re direct those funds to the other projects....Bulwayo for example. CB has to be explicit in findings as he may pull the plug or throw more at it. imo i think the speed of which things are going this is good news reading between the lines.
i think the above is also why we arent seeing much of a reaction with our SP due to any good news on these projects. we only own 29%. At the point our expenditure reaches $1.5m (before July next year) then we will own 80% and the value of that project we have progressively been proving will reflect majority wise onto us.
This is more like it. Could be the market rew valuing us due to our shares from Afrimat being registered.
Hopefully we just keep going. When our lisence went in for Starzinc, we touched 2.68p, we are at the same stage now with Luansobe.
I'd like to see 1.5minimum. We went there just 2 months ago rating up before dropping for no reason
Now this really is what we've been waiting for. Not speculation, no jam tomorrow/ trying to join the dots. This is hard evidence of progress on monetisation. Small scale mining license application finally in. The approval of this application allows us to start removing the 50k tons of rock a month and brining in our projected earnings of $30m a year
https://twitter.com/Sharedata12/status/1679201545391415296?t=SuRkR8e1YeR6inOFZVxOnA&s=19
Prevousely it was all "possibilities", now our drilling, Jorc work has finally come to the 1 turning point that makes it all actually possible. The application date says March and the the standard process is 90 days. This means we are literally on the edge of finding out. I'll be checking every day now. The second this is approved the flood gates are open
Well put CHRi5P. imo it just proves the market is only really interested in money at the moment. good results make you tread water, bad results put you in the bin. only monetisation makes the SP really move at the moment.
poor Kav is struggling at the moment and its my belief that they arent bringing in cash and even if they got a good drill result, they are far away from monetisation or being able to properly progress the assets.
Good Job we have a mixture in our portfolio and near-term money coming.
Good spot Iky. If I remember rightly, that's how we found such good results at SZ. Vertical drilling came up with some results but not great, until Colin decided to drill in diagonal directions which produced 40%+ zinc. Hopefully a repeat over in Zimbabwe with the lithium and perspectively equally as good results
Surely on Wednesday when we are assigned the £2m in Afrimat shares we will see a jump in share price of minimum 20%. This has happened when we received cash in the past with the Glenover sale. The sp has jumped at least to the proportion of the new value incoming to current Mcap.
thanks for sharing analytical.
in this difficult time it's good to know that lisences are getting approved in and around the areas we arw wanting to mine.
we have the presentation around contractors on ka****u, we can see artisanal licenses over ka****ue (lessons learned from starzinc), meaning we just have to wait our turn for them to flip over to approved.
similar with luansobe, small scale licenses approved of a smaller size and further away to.the nearest customer than we are. others are seeing value in that and arguably we are in a better position.
the sp has took a battering, but we know we have things lines up, it's just when they tick over.
Good point 3CB, and lots of silver. The Zambian government own 5% of the asset too. Lots of reasons to get it running at full pace.
Also looks like the MMs are going to walk this up and down for their own gain until we get monetisation news. It was only in April we hit 1.5p and have come down since then for no apparent reason
I forgot to copy the cadastre link in
https://portals.landfolio.com/zambia/
hi nowornever
the most information we have on npv is on page 27 of this report
https://galileoresources.com/wp-content/uploads/glr-presentation-mar2023.pdf
as chri5p says we are waiting for what sort of offtake agreement we will have.
there are a total of 3 artisanal mining license apps in over ka****ue. at the time i made this tweet in april there were 2
https://twitter.com/sharedata12/status/1647623667155628033?t=6cwg875ieuowgauwp2bpeg&s=19
that information i keep track of on the zambia mining cadastre (link below). tip, toggle on the "applications" on, then tupe 30503-hq-sel in the search bar i.e ka****u is about 4 o'clock position underneath the town of kabwe.