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In other news, buys dwarfing sells but sp held down. What's that about. A morning flurry always used to bring us blue

You're right 3CB, so many variables we aren't aparty to. They did the same in may and gave options of 1.3p 5yr term to Andrew Serosi and a few others. Didn't understand it back then. However since then the only thing affecting sp for lth has been company performance. The options are low in value enough to not be a drag on sp if taken in full. So all good

Don't forget that this isn't a cash generating company yet, so the majority of the employees have other jobs and probably do not get any wage or very little from glr. These shares incentivise their time to glr. The value of 1.4p is a carrot to keep the donkey walking just in reach near term.the option of years is to not eat the carrot and trade it in for more given more hard work. The idea of these shares is not 5years to get the ep to 1.4p

standard practice to retain and insentivise our new employees rather than burning up our cash, so thats a good sign
hard to call the news really, we are overdue so retain credibillity and as a gesture to its Share holders it would be curtious to give some sort of update. Even if the update is a re forecast of when some discernable information from the survey will be ready

only time will tell. the Zinc refinery wont be ready until early next year anyway.

in other news, has anyone experienced an RNS not arrive when promised in this sense. i.e exploration? i have a few times but not in the mining/exploration sector so not really comparable and it just comes a few days later anyway so only mildy annoying

im thinking the PLs are so large a few 1000 sqkm each ist takes time to analise the data into something meaningful. if there was nothing to say they would have said it by now as theres would be no point putting off the inevitable

I dont mean to blindly put a positve spin on this from a GLR sense, but i do beleive that Oiltap has a point. The Dump needs cleaning up ASAP, best case for us Starzinc, JLP processing and the mining liscence is sped up to make some money from the dump, not only for us but for the government.

Medium case, its forced to get cleaned up without a profit by JLP regardless of profit or not

I do however feel this is also a push from the Zambian government to help its case to recieve aid from the IMF. it is heavily in debt and defaulting on payments and struggling to get its creditors to allow it to have short term relief. The IMF will not give aid if it thinks the money will go to the governments national debt to China and other private creditors or line the pockets of govenment officials. so i could be cynical but this is a stunt to build its case for aid off the IMF

to use a similar analogy 3cardbrag it would be like refusing to clean up chernobyl until its envoronmental impact has been quantified and lawsuit over. These dumps have been around for 90 years. There have been many studies on it, and its true impact is probably unquantifiable exactly (due to the ways its been transfered and length of time e.g blown by the wind, people being on the dumps themselves, in ground water, from animals etc etc), but its almost certain the lead poisoning of the local population has come form the tailings dumps. Even when the dumps have gone, the impact will carry on through secondary and other long term affects.

not a bad top up CaveatE. if i had to guess all the sells today are the same trader making several transactions possibly from different accounts. News due today so be a shame to be out for that or when it does land shortly

thankyou Oiltap, excellent info there. thanks for sharing

Looks like more warrants end of day

Another good day! This is a strong performance at this level......a very good hold point

One things for sure, we are seeing a step change in activity over the last week which is always a good sign. I'll take that any day. Holding this sp well in comparrison to other times we've tested this value.

It's not even a bold statement. It is very well possible given the information we already know from the CB interview a few months back and also a peer comparrison with Kovango and the rate at which their news was released once they started exploration of their PL on the Kalahari.....we are actually over due

A nicely tiles RNS on the overdue helicopter exploration results on the Kalahari would really smash those gates to bits

don't forget our Jewel in the crown Asset in Botswana. results due from Helicopter survey
Kovango resources double bagging in approx. 6 weeks from exploring and releasing news on its own PL's in Kalahari
MOD resources 10 bagging in 18 months starting in 2016 from 3p to 30p SP by JV'ing T3 before being bought out by Sandfire
no reason why we cant follow suit with PL040/2018 near CCC's Zone 5 or our other high pot PL's by T3

we need a good castle gate ramming. 1.05p got the better of us last time. the Monday affect could take us there this time, then maybe a well timed news release next week regarding the Helicopter exploration of the KCB to keep us moving

fantastic afternoon!
thankyou Jammer for your post the other day. some good insight into the future there and starzinc becoming operational with its "home" as CB calls it continued constructions.

that combined with Zambia's plan to invest in the mining sector and take advantage of "... the commodity boom...", could see us with our small scale mining licence quite easily and be up and running as per plan of early 2021

https://www.miningreview.com/southern-africa/zambias-mining-sector-need-not-be-overshadowed-by-economic-diversity-agenda/

Excellent work MM on keeping track of warrants. thankyou

Starzinc is the insurance policy, just a matter of time and if you have the patience to wait. approx. $10m a year for 6 years or so will make these small ups and downs be totally insignificant. it would be nice to see that reflected in SP now as potential, but the fact it isn't means its a good time to top up as I am. a little every month

I saw that article. Xtract up 10% at the time of me reading it. Like me, it also seems the market isn't bothered either

Terrible spelling in my last post as did it on my mobile.

That's not to say starzinc is a writeoff by any means. The last JLP updat said the zinc refinery would be complete q1 2021.

Not only that Zambias private creditors have denied them an extension on the payments for the national debt and the IMF have refused them international aid. Inflation is due to rise by nearly 9%. They need money and commodities fast. The Zambian government own 5% of starzinc and of course can tax JLP. So why not give the mining liscence as soon as the paperwork and refinery is complete.......just a matter of time until starzinc is up and running.

Hi all, iv been away on holiday forna few weeks and tried to keep my phone usage to a minimum. There's been some very good posts on here recently helping to understand the current sp.....MM i think you have it right with the market being cautious regarding the warrants, so.thankyou very much for posting all the info you have on it. It's helped alot.

We've been here before and the sp behaved the same way. Once they were then the drag was off and Sp was allowed to move again.

In terms of the star zinc timeline, it's becoming frustrating I know. The frustration comes from what seems a lack of clarity in the RNS's. I never made any notes on it, but several months ago I researched into applying for mining liscences and what I took away from it was that a liscence couldn't be applied for unless there has been a comprehensive environmental assessment carried out and submit first. This includes the full lifecycle of the mine/pit, from conception, first operations and then what I'll call "return to green" and not only that a clear method of dealing with the tailings.imo GLR don't have that yet as the processing plant at JLP isn't ready yet and that's held or slowed by covid of which there is no known end. Restrictions in zambia keep changing, meaning progress at sable will be slow at best. With this end to end plan not available and an unknown time frame of when it will be, the environmental assessment can be started as we have been told, but not complete or submit.....a pre requisite to the  mining liscence application. So like is the trend accross the globe the stimation of just 2021 isnnow given for continuation of anything held this year.
As a senior leader of a company I experience at just how much info needs to be given to "the masses" especially when the answer is "you just don't know" I.e covid. I'm not saying that's right at all. Infact I'm not sure what my opinion is on it to be fair as I can see both sides. But officially stating that everything is halted due to covid (assumption) in Zambia for GLR could have a very negative affect. Especially when up until now an optimistic view has been given then it wouldn't be held (as with best endeavours and hopes it shouldn't have been), going back on that could make the leadership team look incompetant and not in control. This  again is why a broad prediction of 2021 is now given. Imo my view is to now look to JLP rns's (which is kind of obvious) at progress of the zinc plant.

In the mean time there is no restrictions whatsoever in Botswana KCB operations and our PL's are being explored right now. This is where the good  news flow will come from to carry us through, Glenover is a bonus of which as we have all discussed is a likely possibility.