Member Info for Datacheck

Morning All, the drop in SP is just a fickle reation of the market and low volumes of trades. The spread is low meaning MM's want this to move in any direction. This is not representative of company value or future value.

In my opinion the RNS is good. if you look at past History of the KCB just look at MOD resources and thier JV of T3 site. They spent 12-15 months JVing and in that period their SP went from 3p to 30p based on the value of their SPs predominantly T3. it was then bought out by sandfire for £160m ish with an estimated value at the time of T3 as nearly double that.

We own PL 2018/040 which is next to CCC's incredibly lucrative zone 5, they have just spent £600m upgradingtheir mine, processing plant and infratructure between the 2, so there it lots of money being pumped into the KCB. why should we not think we cant do the same thing as MOD and Sandfire with our PL040 and CCC purchasing it off us. The money for us is in JVing. the RNS refers to experience from both Sandfire and CCC. this is good! the Mineprophets conference is this weekend where we will find out more. remember CB is still drinking in "the last chance salloon" with everyone, another placement will ruin GLR, in an adversely affective way i take that as some level of confidence there wont be another placement.

For the more suspicious traders. 343 volume sell at 16:12 for £2.50.......hardly worth any real traders while, could be an MM signal. Coincidence closing % drop at the end of the day is 3.4% ??

Good work Iky. I wish I had some spare funds to buy in at this price. News coming soon in my opinion. The MineProphets conference is on the 18th and we are long overdue some updates

My post on 22Jun suggested 2 ways of looking how to Value Starzinc alone and I got between 6.5 and 7.9P. Happy for any other suggestions on how to do it but I have that sum in mind to start with in the relatively short term. Then we have our other assets to take into account, this really is an exciting time just waiting to see what comes from the above. Next news to look out for IMO
JLP - BMR offtake agreement for Kabwe transferred to JLP
GLR Starzinc - Environmental activities/pre ground work started/Small scale mining licence applied for ready for Q4 start operations
GLR Botswana - more information on the recent PL's we have bought and what the accelerated programme of exploration entails
we haven't heard anything for a while on Glenover or the Ka****u exploration either

lots of news in the pipe line. Id like to think everyone at GLR isn't just sat on their hands and twiddling their thumbs, so news has to arrive at some point

Good Man HairyD, just a matter of time. JLP last week re affirmed (after a long period of no news on it) they are continuing on with the Zinc processing at Sable, Leon announced they are spending $11m on it this week. none of the above would happen if they didn't think they weren't getting Ore from Starzinc as that is a pre requisite/necessity for them getting the facility into full production for their Kabwe zinc tailings...........so as I say, just a matter of time for those operations to start for GLR, all coming together nicely

58m conditional placing shares arriving to market today all bought at 0.8p. MM's playing it cautious. Monday they opened with a small spread of 2.5% and we jumped 5% proving demand is there, yesterday opened with a harsh 6.5% and we returned back. today feeling the waters with 5.5% and seeing what affect they can have.

They opened up with a 6.5% spread abit harsh that. Closed the day on 2.5%ish spread.

there's some great news flow coming out of JLP recently, I was really impressed by their recent RNS's and the amount of information in them. Like you say Jammer some great news for both parties that the Zinc circuit is being pushed as quick as it will go. Id imagine JLP will more than make up for the $11m outlay if they are paying a total of $50m (market rates permitting of course, probably a little under that at current prices) to GLR for the rock only. By the time JLP have worked their way through Starzinc and Kabwe there will be Ka****u coming their way as well which is 5 times bigger than Starzinc. It seems our mates up the road are doing quite well in the last few weeks with regards to SP and long may it continue as our fates are entwined.

Excellent,thanks very much fierce l I'll have a listen now. Looking forward to hearing more news about out recent purchase. We haven't had any yet officially. Just that they are going to do an accelerated programme of investigation in the rns about placing. Pl40/2018 closest to CCC zone 5 could be very exciting

Thefierce1, good work! do you have a link please?

Some very nice buys coming in. I doubt shares will be available this cheap for long.....standard saying on Aim BB's......but they really won't. Huge disparity between today's sp and the projected sp post mining liscence. It wouldn't surprise me if this just steadily re rates back up to just above 1p in the very short term to before director dealings a month ago and then hopefully on further now placing is out the way as even 1p is hugely under valued

its definitely back to exiting times ahead. Now we have the placing out the way, majority if not all of the 0.6p warrants cashed we can look forward to the company pressing on without and left field drags on SP. The MM's must have bags of shares after the post placing sells, so you could argue the brakes are off. The train just needs nudging to get rolling again.

we haven't had any maths for a while. There are several ways of valuing a company whether it be in its assets and/or its ability to earn money

PE Ratio method
assuming GLR has a Potential Earnings ratio of similar to JLP (6.1 I think was posted on here a while ago). 1st year earnings once Starzinc is monetised £10m, so MCap £10m approx. 6.1 x £10m = £61m over 766m shares = 7.9p

Asset valuation (Starzinc only)
£10m a year for 5 years = £50m asset, over 766m shares = 6.5p

take you pick both many multiplies of todays price

Zinc price back on the up. 15% ish in the last 2 months. Great for our monetisation of Starzinc as our cut is based on market rates

Hopefully Sumo, I think opperations will start as soon as the liscence lands. Like Oiltap says they will start stockpiling into approx concentrations, preparing the access/egress etc

Hopefully the plant up the road will be ready shortly. Looks like the boarders restrictions are starting to lift. A couple of weeks ago anyone crossing into the country had to stop in a government facility and quarantine for 14 days,now you don't have to

https://zm.usembassy.gov/covid-19-information-2/

18th June RNS at JLP

https://www.lse.co.uk/rns/JLP/large-copper-tailings-resources-in-zambia-secured-ybxp9xilkyf3fu8.html

Plumbus I'm borrowing this research off you as it's relevant to this BB and shows that the zinc Circuit over at sable certainly isn't planning to be mothballed

From 18th RNS at JLP

 "I am excited at the prospects of this new acquisition and rapidly building our copper production profile in the same manner as we delivered our chrome and PGM profiles. I am looking forward to updating our shareholders on our zinc project as soon as we have better clarity on our ability to restart the construction of this project under current restrictions."

Covid restrictions still stopping the refinery altho there is evidence of boarder restrictions on zambia being lifted in the last month on a given weekend to allow essential supplies in and trade out. So won't be long before they allow trade in......all coming together for Starzinc. Just a matter of time

For me this single golden nugget of info is the key thing that keeps my faith in GLR....... through the placing, director dealings of shares when giving them to employees any short term drops when people who don't research as in depth start to faulter (I'm not saying it isn't testing times because it is) I keep to my plan. Starzinc will be montised because it has to be as it's linked to national interest. There's only Covid holding/held it up

Apolegies ineny that by accodident without going back through and checking

*Colin Bird has a foot in both camps
*the Zambian government has no problem pulling companies permits and shutting them down temporarily as a threat

(Iv read that even a CEO has been imprisoned once from a mining company.....I haven't got the link To hand but it's easy to Google)

*the above is why starzinc will get it's small scale mining liscence

There is nothing to say it has. Colin Bird had a good in both camps byo GLR and JLP. To keep the tone as u have put it. If JLP decide to screw over GLR and do something to our detriment the GLR......for a start that would be very difficult as we have a contract that works both ways so JLR would be heavily penilised. Colin Bird has said several times that Sable isn't the only reflnery to take the zinc ore to and also GLR could rent the equipment at sable. Ignoring the contract if JLR force GLR to do either of those things, JLR would leave itself without any highly rich ore to mix with the tailings at kabwe of which it has a contract with the Zambian government to clean up. So it would have to clean it up at a loss. The Zambian government is 11.1 billion debt and rising and needs aid from the IMF. That comes with a stipulation of being used for the economy to become self sufficient eventually and resolving environmental issues. Having a town referred to as the worlds most toxic town 25km from its capital doesn't looks good to say the least. So at a national level kabwe needs to be rectified. We've seen in the past that the Zambian has no problems pulling companies permits to at it itself and as threats ****ting them down etc and that wouldn't leave JLP in a good place either. So basically the 2 companies are working together as quite simplistically it's the best thing for both companies. The above also proves why starting will get it's small scale mining liscence.