Member Info for flipper56

Would be nice if it does the same as BZT. And probably will.

AFP also rising after a large buy. Maybe a deal is getting closer for the benefit of both companies.

You sound very confident iky

Thanks Ana. Significant for us l feel. A very low production cost and now proven at small scale. And we are next door.

I was there February time a few years ago. Sand blasting the windscreen was the bigger issue. Was a wet year but our VW polo was fine so wouldn't expect too many issues.

I noticed the chart tonight as well. Would be nice for a big move past 0.06

I totally get the frustration part (and expressed it). Equally my guess is that Colin's Companies are priced accordingly by the market. So if it is true that a deal is happening in the next 5 months and there is now sufficient cash then it should still be a very profitable investment. Copper and gold are doing very well. Many of the largest copper mines are having problems so it makes sense for potential buyers to come forward. The only issue with Luansobe is the price and the deeps.

Ana - thanks for sharing.

My "gut" feeling is that JLP/IRH will be involved. They have had a fair few problems which might explain the delays.

I guess the frustrating thing is that Colin/Sunday Roast, CL etc fed us the story of imminent mining. Clearly it has damaged sentiment and then the usual placing and warrants which will hold back future increases until cleared. If the shareprice doesn't double in the next 6 months I would be very surprised - but Colin is a serial disappointer shareprice wise !. Fingers crossed.

Colin was at JLP when JLP did a deal with IRH (either as chairman or consultant). JLP also did trials with the luansobe ore to check its suitability for processing. Hence why I have always believed this will be the deal. Personally, I think the talk of other companies probably no more than a negotiating tactic. Colin has shares in JLP.

Https://www.mining.com/us-invests-1-4m-in-zambian-mine-expansion-to-rival-china/

They will need to ensure "Do not feed the penguins" signs put on the FPSO. Its say F.I specific .....

Https://oilprice.com/Energy/Energy-General/Is-the-Market-Sleepwalking-Into-a-Global-Oil-Shortage.html

Sam will be able to get his stetson out for another Sunday Times photoshoot. At that AGM, Pierre Jungels, RKH chairman, showed a graph of how oil companies shareprice rise after FID. Bodes well.

Nice valuations. And good to see RKH and Navitas both up. Just need to break 80p and then £1 plus.

"What I suspect will happen is JLP will somehow invest in part of the small licence, leaving the larger underground to a major"

That is my thoughts as well. But maybe things are now different as JLP appear to have employed a FD focussed on shareholder returns.

Until the deeps are drilled then the 60m/t is just speculation and will be given little value. And a 1200m drill doesn't come cheap. It will be interesting to see what route we take.

My personal thoughts are that a deal for Luansobe will be done. JLP ?. And has been for a while. But now with the placing and warrants there will be selling into any rise. With The Kalahari currently drilling it would have been nice to raise at a much higher price. Guess the auditors thought otherwise.

Lets hope for that deal and some serious progress can be made.

A placing was not unexpected at some point - despite anyone who mentioned the fact being shot down. But if good news was so close - as we are constantly being told - then this is a fairly hefty dilution.

Lets hope a deal can now be completed in the next few months.

Iky, I hope you are right as I have a lot. But with CB frustration and false promises go hand in hand. Sadly placings are more predictable.

Same old. Dilute exising shareholders. But expected. As we have said for a while, we need to sell a project or start mining asap.

Thanks JPDM.

Regarding " Israel and what is going on in that part of the world does I think merit keeping an eye on" - fair point. But would a major international bank want to stand up to Trump and the powerful Jewish lobby in order to support terrorism/Hamas ?. if Biden was still President I would be more concerned but for now I remain in the £1 plus camp.