Member Info for flipper56

No one has ever doubted that Zimbabwe has gold. Or other minerals /diamonds etc for that matter. The problem is the politics. There are very greedy hands to feed and any find will quickly be met with politicians, tax inspectors and environmental officers. Best let the Chinese deal with the hassle and take a reduced up front payment.

It is interesting given that even us ardent optimists have never cared for the Zimbabwe gold assets.

Bulawayo gold ?.

Https://portals.landfolio.com/zambia/

For all licences the Zambian cadastre is useful. Zoom in for more details.

Agreed about the price of copper. But unlike BR the price of copper isn't particularly relevant. Ivanhoe is making massive profits at current prices.

I am the same with the 3 Birdie Companies and ARCM plus JLP. If I had sense, Ivanhoe would probably make more sense but never mind. Obviously now we have Kobold and others in the mix so at least plenty of news to come.

Hz. Agreed. In normal situations discussing other companies on a bulletin board is unwanted. But in the case of the Birdie stable of companies they are using the same geologists etc so all have relevance to each other. And in the case of NW Zambia it is all the same geological region . As Colin likes to state, geology does not respect boundaries.

Colin has said GLR will drill the deep. But given the depth Kobold have been drilling to, I would expect any find to be quickly passed on. They will need all that A.I !.

It is a bit of a nit picking of an argument to me. GLR will receive a significant cash sum in April and has shares in Afrimat and Sandfire which can be sold. But MC of GLR, in a recent podcast said GLR hasn't yet decided which 1 or 2 projects to prioritise. For GLR it would probably make sense to concentrate on the Kalahari and Lithium for quick (er) sales and let others prioritise NW Zambia.

My take is (if there is a big copper find): AFP would be sold job lot and all money returned to shareholders. GLR will focus more on exploration and early stage development so will joint venture/sell. XTR will go all the way or at least as long as possible and become a mid tier miner. The usual IMHO applies.

No one can accuse Colin of not putting effort into promoting his companies or Copper and NW Zambia. But the copper price continues to go down, China is looking precarious and even Labour is abandoning the climate change obsession. I wonder whether Colin will regret selling Manica at this point. In a years time the price of gold might look very attractive.

Going by the performance of AFP, I think Colin has decided to simplify matters. He is taking all 3 Companies to a penny a share then will do a merger on that basis (tongue in cheek for more sensitive types).

When I read the AFP RNS I admit XTR first came to my mind !. But I dont think a freudian slip, probably just "auto correct". Also not sure why this narrative about GLR being skint - it has been lending XTR money not vice versa. It has plenty of incoming cash in April plus shares of Afrimat and Sandfire which it can sell.

But on a more serious note, I would have thought it would make sense to merge AFP, GLR and XTR into one company. The same geologists are involved with GLR and XTR and costs could be cut.

With rising bond yields, China in meltdown mode, various wars, lithium meltdown etc it is hard to see what Colin can do.Fire sales and placings wouldn't be my choice even if the lack of progress across his Companies is frustrating. Let others do the donkey work and hold the faith.

Maybe some at £1 but mainly just waiting for a takeover,. Hopefully that wont be until we reach 200,000 barrels a day. After 20 years of pain whats another 10 years.

I don't think Colin would willingly ignore AFP. The geology there directly affects the potential of the XTR and GLR NW Zambia acreage. And as he pointed out, it is looking good. But we are waiting for the quarterly update from FQ so maybe he felt it best to bypass AFP than risk saying the wrong thing. - he has stated that the FQ and Birdie geologists are in close contact.

Possibly his thoughts are also more focussed on the XTR vote which is the more urgent matter. Just my thoughts and good luck with your decision.

I was fine with this podcast. Just not sure why Colin was saying how much XTR was undervalued following the last Manica production statement podcast. Aim needs to attract new investors so a solid consistent message would be helpful.

Thanks for posting the podcast link and to Colin and co. A useful confirmation of what we have discussed over the last year.

Ana, my take was the open pit would be mined by somebody else, probably in conjuction with Mopani no later than October 2024.

Luansobe deep requires more work by GLR to prove up. I am not sure where the 70mt come from. The highest figures I have seen were 60mt potential.

October looking good ......

Some might find of interest the last paragraph of Everycloud's bb post (thanks) 18.49 tonight, referencing project discussions.

Surely there must come a point when the majors just take over the explorers. Everyone has a price,

Years ago I was told by someone in the exploration business that the Chinese will always screw you. Sadly that has been proved the case everytime since. My assumption is that is what has happened with Manica. Colin jumped in only to get shafted. An over complex deal which gave the Chinese all the cards. I think Jiangxi are involved with Ivanhoe , across the border in the DRC. Robert Friedman recently said he regretted that deal.