Member Info for flipper56

Https://www.mining.com/web/congo-copper-mine-suspended-amid-radiation-concerns/

Another mine off line. Supply will only get tighter. Lets get Luansobe into production asap.

Https://www.mining.com/porphyries-deposits-holding-the-winning-trifecta-with-copper-gold-silver/

My broker wouldn't let me buy the Wisdom Tree Copper ETN, nor was COPJ available. So stuck with dodgy AIM companies plus BRWM. Back in 2003 I was keen on gold. In those days there was no gold ETF so I bought AIM mining shares. Gold was approx $300 an ounce. Quickly went up but the companies invariably went bust or screwed by the respective Government or Chinese. Hope this time is different. Maybe others know of other options.

Ok, market moving news. We have been stuck in the current range for an eternity.

Thanks for posting the update. Good news has been sadly lacking in recent times. Given the lack of copper supply around the world - not helped by droughts in Zambia - I personally hope we mine it ourselves under contract rather than sell. A good steady income will mean we can be included in a wider range of investment products/ETF's.

Colin has issued an RNS update at AFP in regards to NW Zambia. Unfortunately nothing to get the market excited by and shows how difficult it will be for us and XTR to hit the spot.

Rumour has it that Sandfire did offer the money. But allegedly Colin replied he is too busy chasing the next hot region on the moon to entertain discussion with mere mortals on earth.

The market has given up with the Birdy stable of Companies. Barely a trade across them. We need some positive news.

Https://www.mining.com/web/copper-is-entering-a-new-bull-market-phase-citi-says/

Copper up again and yet the explorers continue to do nothing. And at BZT, even worse than that. Bring on that news.

With thanks to NTM on the XTR board

Https://www.forbes.com/sites/timtreadgold/2024/04/03/copper-bulls-can-see-a-record-price-of-12000t/

(thanks to Jarv55 on a n other board for this link)

CHR15P - I expect the same. Just a few day traders pumping it. My main interest there is the NW Zambia license ie a punt.

CHR15P, I didn't sell GLR for XTR but I did do a top up of XTR last week and they are actually in profit. So miracles do happen with a Birdy company. Shame my previous buy was at over 7p a share (amongst many) !.

Shame that despite a rising copper price there is still no interest in small explorers. Bring on some substantial news Mr Bird.

With copper at $4.20 approx, then hopefully it is a lot more valuable than before. Need Colin to now start getting some copper out of the ground.

If there is any good news then I wish Colin would hurry up and release it. 2024 is beginning to look like 2023 and 2022 etc etc. Colin said he doesn't like gold because it is an "end of the world"metal. It seems many investors are betting on the end of the world !.

I wonder if any gold was found in the Shinganda drilling. My assumption is "no" otherwise we would have been provided with the drilling results. But any gold credits would be helpful for any future profitibility.

I would like to see total focus going on one project and bringing it to fruition. I assume Shinganda has disappointed given the lack of news in the same way Kamativi has. Yes, potential but my back garden has potential .......etc etc.

DC mentioned Blackrock were in discussion with Colin and I note COPJ holds ARCM. If copper plays out like we hope (not withstanding the risk of recessions and war), we want to be in these junior copper ETFs. As pointed out, Colin is marmite (TIR has been a terrible performer) and so is Africa but ETFs reduce that risk and attract a wider audience. I want to be part of that internet type bubble when it comes as copper did in the 1970's.

Or at least do a deal with Luansobe

Once IRH have completed the take over of Mopani, then the most likely outcome will be for them to buy Luansobe ?.

Https://twitter.com/ZaksTradersCafe/status/1770035712458391751?t=CaLvCJXZu5sqgm9YemUhtg&s=19

Jezzoo, Not sure if this helps but Colin gives his thoughts on copper near the end.

Iky - thanks for posting. at least we now know the situation.

"Beware of sentences that don’t make any sense and words in strange places" - thats what I love about this board. Too many bulletin boards take losing money too seriously !!.

Copper continues to look good. Every bit counts towards BR profitability.