Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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.
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.
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.
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 ......
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.
Iky, don't beat yourself up over Kamativi. I got excited over Tjate, Bushranger, Star Zinz, etc only to be disappointed. Even a few weeks ago Colin was saying how valuable Manica was, I think quoting a valuation of $250. Then sells it for a fraction of that. Lets enjoy the hope and discussion but not stress over the failure - and invest accordingly !.
Saying that, plenty of promise and a good RNS from Cobre this morning.
So the UK Government thinks there is a 25% chance we will be at war with Russia in the next 2 years. And this will result in increased fuel prices. Maybe someone should tell the treasury to get their act together and fast track Sealion in return for first call on the oil produced.
Personally I can't see it happening. It is easier for the Russians just to take off their military badges and come over as assylum seekers.
Personally I was surprised by the share price rise. Investors who owned for the gold won't be interested in an early stage copper chase, no matter how good the potential. And the Western Foreland has become a crowded field already.