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Looking at the mining cadastre the large scale exploration liscence that covers Starzinc and surrounding area runs out in August this year, the application for mining liscence is in, so why would we bother transferring the exploration liscence over from BMR. We aren't exploring anymore. It seems you don't need to have an exploration liscence if you want a mining liscence, especially if its on your own land

The ka****u large scale exploration liscences runs out it October this year......are we really going to get around to large scale exploration by October? Maybe.....but probably not. Especislly when we have KCB to concentrate on. So why waste effort tramsfering a liscence over thats going to run out before you get to use it.

id like to see SZ sold to JLP, they have the prospecting liscence, they need the zinc. 72000 tons of zinc x $1650 ton = $118M

$50m now & 5% NSM and be done with it

lets hope we get a clarification RNS. someone on ADVFN seems to be reporting it to their broker "sharp" and they said they would speak to CB. so others are of the same opinion, share holder pressure may prevail, just like it seemed to with the TR1 info

Im in agreeance with you regarding more regular and detailed/un ambiguous information.

I believe though (as i have never come accross is before on AIM RNS's and i dont do it when i do high level comms in my own company), that stating in an RNS that they investigated "A" and decided against it, so compared that against "B" and decided they didnt feel that was vaiable becasue of........., therefore chose "C" is frutful.

admittedly, i may be wrong about the SZ one liner on second thoughts. More explanation on that would be better as to why in laymans terms, however personnaly im not too bothered about the ins and outs of that decision because its one line vs a wealth of other information we already have from various official and unofficial sources

apologies terrible wording from me

"41,100,124 Ordinary Shares to Sandfire Resources Limited ("Sandfire"), with Admission expected to occur on or around 09 February 2021"

the number of GLR shares in circulation is about to go up by 41m..........for a very good reason and worth it i know.

my point is the SP always seems to be affected negatively when warrents wash in and other shares are admitted (for whatever reason). once those times are past, then the brakes seem to be off

id say that is a better way of describing what i mean. Kavango having the same thing happen to them now in terms of warrents

a valid point westlad

you have 6 years on me somaybe i have abit more patience. I do feel for anyone who went through the concordia period as well.

the SP down could be warrents coming to market also. investors seem to get wary of that time. we have a few coming in next week and the sanfire shares coming to market not long after

the same thing is happening now to Kavango. yesterday released an RNS about warrants arriving at market next week, released good news about EM rsults on KSZ today and ended up 3.5% down

Billy, take a look at the chart on the share. this can fluctuate 30% for no reason. sub 1p it used to go from 0.7 to 1p all the time. i think it did it about 4 times over 6 months until we broke through. its just Aim, either you can handle it or you cant.

on a serious note though, when you are despondant with the SP, refer back to your research notes, remind yourself of why you invested in the first place, and what your plan is.

if the SP is going down for no reason. i.e we have had good news, there no dumping of shares or mass sell off. then chances are it will come back up again. imagine if this happened another 2 times after news. on the 3rd you would sell some and buy back lower and wait for it to come back up again, or top up on the dips, or just chill out as you know its just a dip.

im not advising you what to do obviously, but if you are exposed with knowelege on the share look deeper to gain confidence in your investement or just sell and move to another one you are more comfortable with

Hi Ella

this is the best explanation i could find. 13th Sept 18 RNS

"BMR owns the entire issued share capital of Enviro Mining Limited (Enviro Mining), a company incorporated in Mauritius;

· Enviro Mining owns the entire issued share capital of Enviro Processing Limited (Enviro Processing), a company incorporated in Zambia;

· Enviro Mining owns fifteen per cent (15%) of the issued share capital of Enviro Zambia Limited (Enviro Zambia), a company incorporated in Mauritius and the remaining eighty-five per cent (85%) of the issued share capital of Enviro Zambia is owned by Galileo;

· Enviro Zambia owns ninety-five per cent (95%) of the issued share capital of Enviro Processing Zambia Limited (EPZ), a company incorporated in Zambia and the remaining five per cent (5%) of the issued share capital of EPZ is owned by the government of Zambia;

· the Large Scale Prospecting Licence 19653 - HQ - LPL (Star Zinc Licence) in Zambia known as the "Star Zinc Project" is currently owned by Enviro Processing;

· the Star Zinc Licence has been renewed, following which the Star Zinc Licence is being be transferred to EPZ (Star Zinc Licence Transfer);

then after all the above,

"Andrew Sarosi, Director said: "This proposed acquisition would complete the purchase of 100% of Enviro Zambia, giving Galileo an increased stake to 95% in the Star Zinc project near Lusaka"

which is the position we are in now, the government owns the other 5%

so to summarise

Galileo own 100% of Enviro Processing ZAMBIA Ltd , who own 95% of the share capital of Starzinc project
BMR own 100% Enviro Mining, who own 100% of Enviro Processing who own the SZ prospecting liscence

the original plan was to transfer over, but now that doesnt seem to be the case or the need. reasons still yet TBC

theres nothing negative in the RNS Billy. do you not think our sale of KCP PL's for $3 was positive? the potential in 2 years time to earn $80m from something that we paid a few hundred K for? making a partnership with a major in the area (who have a history of buying out minors at a premium) isnt fireworks?

what are you expecting, to invest and a few weeks later multi bag and retire? 75% of investors lose on AIM, its high Risk, high reward, relatively un regulated and full of manipulation, designed to make you lose. you counter that as best as possible by DYOR and where possible sharing it with others

RNS's are for information, if you dont know the deep mechanics of Zambias mining rights and land ownership, its up to you to research it. GLR arent persuing Zambian Ministry approval for SZ because they dont need it or want it. they dont need to display the decision making tree they went through to come to that conclusion nor do they in every other decision they make. i highly doubt we are just F*cking off SZ and mothballing, thats even more unlikley, so have faith, or research until you find the answer of why it could be we dont need it.

I imagine we are looking good to alot of people now with all the boxes ticked

Is the chart on a steady up with no irratic movements: yes
does the company have good credentials and an outstanding news flow waiting to arrive: yes
have members of the board been successful elsewhere: yes
does it have sufficent cash so once invested my personal investement wont de value: yes - just raised cash
are others investing with confidence: yes - 13.2M buy
are the charts good: yes 30% 2 weeks 2.9p, 100% at top end 6p and and has a golden cross

you actually cant get any better on AIM i dont think

CastIron, interim accounts before sunday.........maybe that means tomorrow

"Galileo also announces that, utilising the one month extension granted by the London Stock Exchange, it will publish its unaudited interim accounts for the six months ended 30 September 2020 by 31 January 2021."

you dont happen to have anymore cash down the back of the sofa do you Phoenix? repeat again tomorrow. 8% up close!!!

MM's definitely holding this at the moment. down 10% on nothing, then Phoenix with brute force and ignorance bringing it back up again

good work Phoenix and excellent justification as well

I see what you mean Ella

if it is £10K spent on exploration then it is the "included" liscences that we werent concnetrating on and have now sold to Sandfire. We focussed our efforts on PL039&040/2018 and they are in the "excluded" list. it's a good thing we never wasted much money on them

I understood the £10k cash was part of the initial deal to Crocus for obtaining the orignial 21PL's (as well as warrants or shares) when he was describing the context of the company financials soon to come out

I dont think he was referring to how much we have spent in exploration activities to date on the KCB

this is my thoughts on it.......probabaly wrong of me to say 100%, but im convinced. (post copied from last week)

"Iv managed to change the map settings on the mining cadestre so show satelite imagery and also noticed the map coordinates of the artisanal mining liscence application is displayed.

Iv cross referenced this with the SZ JORC which displays SZ aerial view and map co-ords and they are the same

The Artisanal mining liscence is 100% the SZ liscence

https://twitter.com/Sharedata12/status/1352676549535916034?s=19 "

I think it took all day to figure out the RNS hence the jump up at the end, it did for me.

https://twitter.com/Sharedata12/status/1354121220426510338?s=19

Here is a map showing some of the KCB PL'S (the ones we bought off Crocus)

You can see pl 250 and 251 (now owned by Sandfire) has similar geology to Sandfire T3, T4 and the banana zone. The closest info to those 2 PLs is the Chalcocite zone @ 33mt of 0.6% copper containing rock. So 198 000tons contained copper.
Our deal is if sandfire proves there is 200000 tons contained in 250 and 251 they give us $80m maximum 2 years away. Looking at similar geology to other major findings and the nearest data we have a very good chance of that 200k. Multi bagging todays Sp with $80m

Pl 039 & 040 (still ours) next to CCC zone 5 (040 is on the major unconformity the same as T3, bannana zone and Eland zone, so has the same geology) zone 5 has 100mt of copper containing rock at 2%. so 2m tons of copper!!!! Pl040 could be very good indeed as we start to JV that ground

Todays RNS is massive, not only that there is now no chance of a fund raise so our current shares are safe

Fantastic day and well done to all keeping the faith.

Ps I know its been shared before but this seems to be the best explanation of the new RNS

https://youtu.be/w7IMSJl8XoU

Europe to invest €3bn in rare earth processing capacity. UK drawing up plans for europes first Rare earth processing plant im Hull. What better source than a little British company who part owns a Rare earth mine. Since Hull will be starting from scratch, they could set their plant up to match our ore.

I think Glenover has big things coming for it. Even if its not us, the world is now in a race to secure resources. It could get as desperate as a rare earth monopoly. Secure as much in your portfolio as you can afford early (and even blind) so no one else gets it, then in slow time go through and see what you have which is useful.

Zaks buy tip for Monday with GLR on getting a fair bit of attention on twitter too. Hopefully tomorrow will be a high volume day

https://twitter.com/LloydsShares/status/1352656670959267840?s=19