Member Info for Datacheck

Google maps depicts Afrimat as established at Glenover. I wonder of the paperwork has gone through as I imagine Google will run off algorithms looking at various sources to update info constantly. Also the RNS was 1 month behind the competition committee verdict. That was decided in Feb and we got the RNS March. Good news on the horizon I reckon

https://twitter.com/Sharedata12/status/1654549748030775297?t=XQ9JHIYB-4oLrrs2kZxV3A&s=19

Every time we approach 1p thats what I do George.....buy more. Hasn't done me wrong yet. :-)

What a great way to look at at nowornever1.

Very similar approach to how we calculate risk to our programme at work if I think about it. So makes very sense to me

I'm predicting a multi bagger in GLR this year VB.

We are of course against the odds like 90% of the companies on AIM so the fact that it doesn't happen is hardly a revelation or a superior prediction. Kind of like laughing at someone when their ball doesnt land on a specific number in roulette.......but everyone who invests in AIM should know the high risk high reward arena we play in

We look for that 1/10 (maybe less) multibag by research and "reading the room" for sentiment I.e copper stocks are big right now

GLR within the AIM market is a front runner with bags of potential. Right market, right assets for playing into the demand the world economy requires , right durastiction in a heavily developing country desperate for harvesting its natural resources and dare I say (i know your thoughts on CB) a CEO who has a proven track record of increasing mcap of companies by many multiples (I say mcap to pre empty any SP discussion).

So as far as the 1/10 search goes, GLR has the best of a small chance and that's about as good as you can get in AIM, otherwise the high reward would not be at the end that we are all looking for. Posting the highlights of your investement and helping others beat the MMs by grouping together is also a way of increasing your chances, even if it means re clarifying points that some may miss or not interpret. It's also being proud of something you've spent alot of your money on. Absolutely nothing wrong with doing that

The Anglo American lawsuit is still very much alive

https://www.aljazeera.com/news/2023/1/20/mining-giant-turned-blind-eye-to-lead-poisoning-in-zambia

Kabwe zinc/lead tailings making it a toxic area. To process the tailings dumps JLP need rich zinc ore to mix it with. Originally this was from Starzinc, as you can see from Helios's map, Ka****u is just 8 miles away. Same companies same problem to solve, same collaboration solution. Same set up with luansobe copper ore up by mulufira

Given the high profile issue of kabwe the government will be wanting clean up as soon as possible which works very well for us.....and JLP. Also makes it more likely the liscences will be approved ASAP.

It definitely depends on what is underpinning the raise.

The last 3 weeks we have risen by 50%.......we need that to happen 4 more times to make 7.5p.

Glenover £5.2m will see a rise of nearly 50% from here

Shinganda and a couple liscnecs on KCB sold maybe for £10m would be another 50%

Luansobe getting all liscences in place (like AFP have today) would be close to another 50% of the market sees fit to forward value us

Luansobe starting production with prospect of £25-30m a year the remainder or makeup for 50% no 3 not quite being 50.

Thats not mentioning ka****u possible revenue from its artisanal liscences or Furthering zimbabwe assets, selling Ferber (finally)

All very rough predictions obviously

7p+ is more than viable. My personal target for this year is 8.4, so not a million miles away. Luansobe into production alone will do this. So the run up to production boosted initially by Glenover money, liscence updates and the other assets progressing Ka****u and shinganda (for me) are the ones to watch for quick sale and value adding progression .

As a another investor said, its the dry season starting in May and this week 700 liscences in zambia will be issued. Ka****u has mining liscence apps on it. All the projects in zambia are about to be put into top gear to make the most of the dry times.

1.49p! come on!!

like you say HD, plenty of legs left, but a nearly 50% raise is very very healthy for us

say that again if you want HD ;-)

Great RNS from Jubilee today. They are concentrating on copper due to fall on chrome prices and all of their upgrades are in the final throes of completion. $48m in investement..rhe fact they are doing well is good for us as we will be selling them our copper ore. Some takeaway paragraphs below

"At the end of February, with the power and water disruptions across Zambia now resolved, Project Roan re-commenced with ramping up to full production and commercialisation of the Southern Copper Refining project"

"Ramp-up of copper operations at Roan Concentrator in Zambia progressing well with full output now expected in May 2023"

"To date, a total capital investment of US$48.2 million has been made for the construction, implementation, commissioning and ramp-up of the integrated Roan project"

Things coming together. They go full production capable inay, we go into production back enf of June/early July and start selling them our rock

Excellent start to the week! this could re rate back to 1.6 where we were on October last year. that would be a good base to kick off with Luansobe news

Finally!

Big week next week in Zambia, theybare starting issuing mining liscneces

“We have evaluated more than 700 so far in readiness for issuance of mining rights, and by next week we will sit to approve the 700..."

https://diggers.news/business/2023/04/20/most-mining-licence-applications-are-for-gold-mining-reveals-cadastre-dept/

This could mean Starzinc gets its small scale mining liscence, the artisanal mining liscences over Ka****u, the large scale exploration over Shinganda get approved. This leads the way for Luansobe application which may or may not already be in (the cadastre seems to be 2.5months late when you look online)

Colin Tweeting about specifically luansobe the same day as this article could be an insight that something is going on

Good work CHRI5P. a decent week and definitely cause to open a bottle:-)

Slow and steady wins the race. Juat under 10% up this week.
20% in 2 weeks.

Down from 1.6 in October last year for no reason......Will we climb our way back to there on our own? Very good chance if we get bumped along with some good updates on Bulwayo assays, shinganda 1pz gold per ton further exploration

Luamsobe has got to be the big time though. So close now to formal update of formal JORC resource, 3rd party contractor hire for mining and the big key......mining liscence application

good work Roosters, I think that's it too CHRI5P. in my experience it usually pops the SP up at the end of the day despite the reported colour.....as long as more sells don't counteract as time goes on (what the MMs are hoping for)

Brilliant article

"KoBold Metals announced a US$150 million investment in the large Mingomba Copper Deposit"

Less than 15 miles from luansobe

“This is a commitment for US$150M into Zambia’s mining sector. And I think this is a model for what we need to do more of. It’s a big deal,”

More investement to come. We could end up selling the deep pit as an entire project

“We are on a vision of doing 3M tonnes of copper in the next 10 years. Zambia is around 850,000 metric tonnes today"

Huge growth coming. That sort of growth won't come unless the ministry start handing out mining liscneces which increases our chances hugely for luansobe becoming operational

That 3.9p is vwrh Conservative considering its estimated around $20m+ a year from the open pit

I seem to recall the calcs at the time of the inferred resource estimate being around $25m a year. That plus our market cap at the time would have given approx 3.9p......a reserved 3.9p as that's not just 1 year its every year for 8- 10 years

Hi Definitely_Me, it was me who posted it, Looks like it's been taken down. Maybe just to clarify, the south african competition commission has authorised the transfer of glenover to Afrimat....which is a huge step forwards.

Next steps are formal liscence transfer by that regulatory body, expected by July this year

https://twitter.com/Sharedata12/status/1648087575293308929?t=okTYOwM8i6sdiVoj5cg6cw&s=19

that will do! 20% up in 5 days! finally some Blue shoots and some well deserved value recognised by the Market. plenty more to go. we were up at 1.6p in October last year. nothing negative has happened since then, and we have furthered our assets, there's no reason why we cant crawl back up while we await news on Luansobe or Ka****u

Good luck with them Iky! :-)