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This is fantastic news really regarding the kabwe liscences. It's just tainted give the sp performance currently due to unrelated circumstances. The warrants coming of age in the next few weeks were necessary to get us to where we are today and no one can plan for TW warning ppl off CB companies. The actions of the CEO in a different company in real terms is completely unrelated to where GLR is today. In some respects this is a great opportunity to top up. I'm personally not worried as the drop in sp is purely insentive nothing else.

Sorry I'm just getting back to you who wrote this l. Thanks for the reply. I was just wondering that's all if there was an industry issue/risk about using historical data. No apology required any chance to learn from like minded share holders is most welcome

Dc

Thanks MM good reminder of the warrants. Thanks also Phoenix about the TW cash raising interview from earlier this summer

Hi whowrotethis, is there a concern of using historical data as well as new? Or do u mean just going from old data alone and risking it?

Kovango on 12th June RNS says it handed over historical and data taken from its own surveys to a subcontractor to create 3d modelling to highlight potential drill targets.

Not a dig,genuinely curious as new to the process

Thanks

DC

Certainly an exciting time with so many or on s only the fire. Using kavango as a peer review they doubled their SP in a month or 2 by doing with their PL's on the Kalahari suture zone exactly what we have started doing with our PL's on the Kalahari copper belt. If you dare to dream, MOD resources went from 3p to 30p in 18 months back in 2016 doing what we are doing now with T3, before they got bought out by Sandfire. We own PL's with similar geology and next to both T3 and CCC's zone 5.......of which have jist invested over $600m in the area. As per CB's interview "1 good drill result and this is a completely different company". So with time and a good stream of good results there is nonreason why we can't replicate other companies success. This is the beginning of like I said before some very exciting times.

Definitely got it this time MM. The bird is in the air..... so to speak

Here we go. Thats the RNS we have been waiting for. Im going to have to admit i thought the 12th Aug RNS meant the chopper was in the air, but that was just approving the process. But this RNS there's no doubt it. We are flying and we can expect more news to follow with how valuable this land it. We were in the top 2 of the largest land owners in terms of PL's sqkm before we bought the latest PL's, so we may even be the biggest now. Got plenty of area to choose from and therefor chance of striking gold (copper). Starting with our most suspected lucrative PL's. Very exciting!

I wasn't able to comment yesterday as couldn't log in. the pieces of the puzzle are coming together for Starzinc. new director of finance, JLP extended licence at Kabwe (what for unless they have our rich ore). as per the Mineprophets conference JLP and GLR working together with the ZM to gain the small scale mining licence and the comment from CB that Starzinc "...Has to be..." monetised as "...big share holders expect it....". a lot of evidence there for the timescale at getting operational very shortly.

That's correct MM

just a tree shake this. £30k of sells max, most people on this BB own far more than that. so the SP change today is nothing to do with company performance. usually when there is an erattic swing like that at the beginning of the day, it comes back up again in the afternoon or following day

I too have been using KAV for a peer comparrison. they are doing very well. They have picked up some PL's with alot of historical data already. Iv been trying to use them to juge timescales on exploration. using KAV and CB's intention of an "accellerated exploration process" i personnaly expect results very soon from the KCP

Also come on Iky mate, I know you dont trust CB, but whats being said is truth from research and while we wait for formal news a great indicator of potential for GLR.

theres something about rare earths which is really complicated processing wise. from the CB interviews he explains that it is completely backwards. for example
processing copper, or zinc whatever the set feed material the process changes to cater for it

with Rare earths and i dont know why fully, ill be guessing and say cost of initial set up. the processing company sets up in a particular configuriation and then thats it. from there is is confined to that cinfiguration. so the difficulty is then finding a supplier that has the correct feed material.

this is why its so diffult to find a cutomer for rare earths and alot of sampling has to happen etc. but then once you have one you are winning. presumably a contributor to the length of time taken to get to a light at the end of the tunnel for Glenover

or that is my high level take on Rare Earths.

An interesting read in the shift of rare earths supply shift from China. The US really wants to reduce their dependency. Means good things for western controlled resources

https://www.zerohedge.com/geopolitical/bipartisan-bill-seeks-curb-us-reliance-china-rare-earths

The movement of demand off china only means one thing.........demand on more western controlled sources of rare earths. Oh hang on there's a sh*t ton lying on the ground in SA owned by a little company from the UK.

unless its full of good results, then it can come back

Exactly Minor. Also in a country that has the second worst performing economy in the world last yr they need foreign aid. To receive this you have to demonstrate the money is being used to increase the welfare of the state economically and environmentally. Cleaning up kabwe could very well be no only of national interest but global. Little Starzinc as you say is the key enabler for that

Food for thought also is zambias economic crisis. Inflation increased by 4.6% and the performance of it's currency fell 26% against the dollar.

So even tho it costs more Kwacha to live there, when exporting comoddoties you get more money back. So an 18% saving/payrise for sable in processing costs. More insentive to get that zinc Circuit up and running ASAP.

Plus the government own 5% of star and will want their hands on every penny they can get hold of. Probably why navigating the terms of the mining liscence is so detailed

I cant comment much on the Concordia days. I bet it was a confusing time though with that double spike up to 11p ish. Some of the numbers people have spoke about on here several months ago when they got spiked must be gut wrenching, so i do feel for those and I certainly don't dismiss their experience. I just tend to have a different opinion with regards to the company and how it is today compared to back then.
I started off my AIM carear with the likes of 88e, herencia and physiomics. Did medium amounts of research but thought that just by knowing what the company does and details about the assets was research and of course failed. So for example when drill results for oil came back positive I and alot of others thought we were onto a winner, it then came apparent the oil couldn't be retrieved so I lost. it Left a bitter taste in my mouth and knocked my confidence in AIM for years, so I have been through similar loss experiences in the past. I didnt stop to recognise back then what was a rise on insentive vs a real rise in SP due to company value. Stupid as that sounds. I learned alot by losing alot.

A few yrs later once I got my confidence back and figured out how to do AIM properly my success came back with other companies.......I'm not an expert by any means and of course there is always still that risk so I wouldn't call myself blindly confident. Anyway, cut a long story short for me I'm in GLR as it balances the risk very well with all the different projects we have. We are getting several flips of the coin each with varying probabilities of short and long term success. Starzinc is our insurance policy and Imo males us very unique, what a gift it is. Iv researched extensively and for me that's taking into account not only the asset like the 72k tons if zinc etc. But unlike before iv researched GLR's simplistic business model of just selling rock short version), unlike the companies iv invested in yrs ago we have a customer already and waiting, our CEO is their CEO (in short), unlike companies iv invested in years ago there is a plan to extract the rock with minimal expense. I'm not saying it's risk free but for me GLR have an asset which from my past experience ticks all the boxes for major risk removal. For me this isn't a company blindly waiting on a good drill result, survey result etc. Yes it does have assets like that which can and will contribute heavily to SP. But given the diversity of all the assets, especially with starzinc lined up how it is this is a totally different company to the Concordia days and alot of other minors who just have singular assets. I will continue to accumilate here when my funds are available as I believe the KCB pls have a hell of alot to give in the next couple of months and that will carry us to starzinc being online. That's just mentioning a few assets of course and a short term plan when I intend to LTH.

nothing to worry about, volume being sold is low but the spread is high. someone really wants their cash by selling so far under the SP. £17K is peanuts.

Nice summary Article. Its good to see us getting a bit of publicity. Bring on the helicopter results!

23rd Aug last year the company released some audited results, the year before there were just "results" in September. Does anyone know the date of this years to come out. I don't recall reading a notification anywhere of an exact date but must be soon

I don't think the gap up is too unrealistic MM. Solid morning and start to the week here.

Altho there's some debate about time scales. As CB says, 1 good drill hole and this is a completely different company. It's happened before with MOD resources where they 10 bagged in 18 months a few yrs ago, it can happen again. Whatevr the catalyst for the recent rise, whether it be off the back of the recent news of starting exploration or people finally getting on board with the whole GLR story and our several irons in the fire set to make us multi bag when they start. One thing is for sure our diary is set for more news of value adding progress. Exciting times ahead