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revenues have been mentioned on the podcast from tailings from previously producing gold mines. Hence I took some. We should fine out v shortly about the results of the site visit.

0.35 ask now.

Seller looks to have gone. Move up now

Yep

listened to podcast and took a small position. Could be a good un

Kalan - yep agree. I think compared to other mining stocks at this mcap, GLR are much further along particularly as the offtake requires little capital to get it going. Thinking how much capital for say a goldmine mine would be required to give these type of returns touted. Maybe $25-50 million?
That's why these miners never get started. And that's why Ill keep chipping away.

each to their own of course. One man's meat is another man's poison.
i'll keep chipping away at these levels. If all goes to plan could and should justify a mcap 5x this.

shake and vac then back up

Mms still ducking around I see. One day someone will fart and we will be off

Back from hols. Nice surprise. Long may it continue

Just to back up my thoughts. I think they probably will need £500k maybe £700k before cash flows. But that’s not even 1 months gross profit from when revenues start. You have got to presume the deal is there bar fine tuning with JLP or CB wouldn’t be going on podcasts discussing the deal.
The numbers I have in mind to get to cash flow positive are the smallest I have seen in the mining industry in the 10 or so years I have been investing. So I stick with my plan at chipping away and next year I suspect could be looking at mcap starting with a £10 million.

Back from touring Europe so just had a chance to catch up a bit. Retraced since rns. Think this will do well and will keep chipping away. Placing in the future or no placing. Kalan- I was in jlp for years during the failed PLA merger and when LC took Darwin on thinking they were “investors”
On a private JLP chat group someone wrote a letter to CB wanting him to get rid of LC. Not the other way round. JLP also diluted heavily and shareholders took the brunt of that.
The worm turns when the likelihood of cash flow increases. With each rns that seems to be becoming more likely. You are correct they will need money but you do not know what price (if a placing) that will be at. CB on the podcast just released said he wanted the crusher as part of the sub contracted mining plan. So they don’t need money for that either. Just a portacabin. My take will be to chop away at this price and if a placing comes in a bit lower I will average down a bit. But it could easily be up to 1.5-2p on offtake news so that’s the chance you take

Could be as simple as a loan. It’s possibly 1 months profits. Pretty low risk. That’s why I will keep adding.

Yep. Agree with some comments here. Glr may well need some capital at some point. But key here is capital required is small. And even smaller than the predicted they will receive monthly for the next 6 years. So in the grand scheme it’s inconsequential unless you really want to trade this for say 10-20%. My take will be a capital raise if needed will be at a much higher sp than this. And regardless likely it will be heavily bought. Can u imagine the rns. Placing for £700k at say 0.55 to pay for production of circa $1 million per month profit for 7 years. It would probably finish the day at 0.7 on that.
Imo chipping away is probably the best option. I did the same on arb buying at 4.2, then took some more at 6, and even bought some over 9p.
In the grand scheme it won’t make a lot of difference. The production will unlock value on ka****u as they will have funds to develop it, then likely Glenover too will be advanced. So good luck all with your strategies, but imo likely this time next year the mcap will be well over £10 million. Could be £20 million based on projects they have and profits they will get

All systems go. Happy to keep adding as this is far too cheap. With or without a future placing, next year the mcap could be £10-15 million or even more. Happy to keep chipping away

Agree. Company defining news due. Looking forward to it

Nice buy straight from the bat

Nice but straight from the bat

Agree TBT. There is no way GLR will be worth £2 million when they are bringing in $1 mill gross profit per month. No way. £2 million mining mcap usually buys a few licenses that need drilling- not a 6 year producer/seller of high grade zinc.
It’s likely it will be over £10 million when it all settles down. Which will imo be the start of more value from Glenover and Ka****u. Could be £50
Mill plus mcap and many may not bat an eyelid at that

Agree. Any sniff of anything positive and I suspect this will be 1.5-2p