Member Info for flipper56

Nice to see copper and gold moving back up. And a lower oil price will keep costs down as we build up stockpiles.

Lucky the guy is wearing a high viz top. Soon there will be a stampede of people chasing those rare earths ....................

On CNBC a few days ago the presenters were questioning someone from Ineos and why they are producing in France, not the UK. Basically the answer was the UK didn't want manufacturing because it hit our net zero targets. Amazing !. And in fairness, from memory, the decision was made under the Boris Government - apologies if incorrect.

Thanks all for the AGM updates.

Https://www.londonstockexchange.com/news-article/BMIN/ai-review-confirms-copper-mineralisation/17663300

Interesting to see how AI is now being used. Colin has mentioned how their geologists are now using it.

Life is much easier at current copper prices !. Small drop last week but the supply/demand fundamentals look very favourable. Colin must be lovin it after so much criticism.

Team Trump has done a great job to have weekly WTI close below $70 a barrel. Conveniently just in time for summer driving season and 4th July 250th Anniversary. But the Iranians are really pushing their luck. Will be interesting to see how it turns out.

Https://www.mining.com/sponsored-content/navachab-gold-mine-is-investing-in-modernised-sorting-technologies-to-increase-gold-recovery-and-reduce-opex-by-installing-steinert-kss-evo-6-0-sorters/

Worth a read to understand the sorter. Sounds promising.

If it was only phase 1 being developed. But hopefully we will be taking a much larger step up with stage 2 and 3. So the big increases yet to come. Just my thoughts. Certainly feel more confident now than a few years back !. All l can say is how well the Trump team has played the oil market. But will the Iranians have the last laugh ?.

Great find. Wonder if we get an RNS tomorrow.

Nice photo. Was never my intention to buy more, in fact the opposite, but given how close production is, it seems way too cheap. So many copper mines around the world are currently having problems. A nice open pit, in the dessert, with pre-existing equipment. Things can go wrong but far better than deep underground mining or politically unstable countries.

Just did my bit for the cause and bought another £10k.

Colin has previously stated that they would get the small scale pit going, carry out further exploration, then expect someone else to take on the large scale project. I don't know how off take agreements affect these things ?.

I didn't realise Hamster and Furry Rodent weekly was still going.

Hopefully a good week ahead.

The RNS of 14th August 2025 on the proposed purchase doesn't give the price but worth a read.

Just need the coffee machine to arrive then it will be ready to go. Good luck all.

Ripley - when did Leon/JLP ever hit a target ?. Colin is very experienced and I accept his timelines and over eagerness/hype can be annoying but he does seem to be able to pull rabbits out of the bag and do great deals. Also Namibia is far less problematic than Zambia IMHO. It's open pit, the processing plant is quite new and has been run in, the staff know the plant and Nambia is dry. The long distance from pit to plant was an issue when copper was $7500 and getting funding. Currently I am very confident but have sold a few this morning simply because I am way overexposed.

Https://www.fxempire.com/forecasts/article/why-spacex-could-ignite-the-hard-asset-supercycle-you-cant-afford-to-miss-1604294

Agreed JL. Surprised there isn't more interest here. I would buy more but this is my biggest spend of the Birdie stable and have a lot of BZT which I like a lot.

Hopefully we will get good news soon. Just not sure if a tie up with JLP would excite the market. Leon might be a brilliant chemist but in my long investment with JLP, a hopeless CEO. He should have stayed with GLR rather than play about with low grade reprocessing and the "we are not miners" eco nonsense. IMHO.

The Luansobe situation sounded a bit complicated. Possibly due to splitting up the licenses. But he did say they have a partner. Given the deals at BZT and AFP with big players, would be nice if it isn't JLP - and I say that as a JLP shareholder !

I am surprised no one has picked up on Colin's comment about Shinganda. Expect to be producing within a year.