Member Info for flipper56

As much as Colin is sworn to secrecy I still struggle with why the shareprice is looking so weak. With so much drilling going on and other work and discussions happening, including the recent mining conference in Oz, I am sure there is a lot of chat going on. With low volume it wouldn't take a lot of buys to lift the trade price. And with a big smile on Colin's face people would soon get the hint.
No idea and just clutching at straws but thanks for answering my questions. Unfortunately no spare cash or I would be grateful for the shareprice weakness.

Just looked at their bb and chart. Good to see we aren't the only ones feeling miserable.

Seems a fair point about the cut off if others are using it in their metrics. But the price of diesel has increased considerably since then and I would guess AA would argue their case.
I was looking back at AFP's Ongombo Project which is one of Colin's babies and he released a RNS about it yesterday. I note in the RNS 20 Dec 21 he used a copper price of US3.72lb as the metric for the feasibility study. Anyone know how that compares with current projects. I assume we will sell the whole lot so won't want clauses giving us extra money in the future.

I think one of the big problems with any discussion is what copper price you use and cut off grade. Using a forward price based on the price curve will be low, in the 3's I guess. That will be the price AA will target. Colin is adamant that copper prices will go much much higher so won't agree to that I doubt. Also AA used .3 cut off from memory when they held the license. I doubt they will want to accept a .15 cut off by choice especially with high diesel prices. So having approx 2mil tonnes, is one thing, value is another. At the moment the doubters appear to be winning. News from Africa would be helpful.

Rising on massive volume !!

In fairness a lot of AIM shares have been similar. However GLR was going the same way last week, CB did a podcast with Zak and the shareprice recovered a bit. Which leaves me wondering why he hasn't done the same with XTR given there is so much more going on and I felt it was Colins fav baby earlier in the year. Been an interesting discussion tonight given the lack of news.

Philtered - I suggest you read the link that Steve kindly just posted.

Thanks. Interesting comment by CB. Maybe a sell is still on the cards ........................

I have no issue waiting 6 months or longer if required. Why invest in an exploration play if you don't like risk ?. Nor can I see the shareprice dropping because of it given RC has been largely proved up. For me the current problem is lack of certainty, and that does include a cash raise.

I will second that. I feel it is a false market at the moment. There is no official indication we are in talks with AA yet. We have no idea what drilling is going on/will be going on/will there be a break and what the financial situation is. I hope the share price weakness is just market weakness but with AIM no news is historically bad news in my opinion.

With the current market sentiment I don't think it will matter what CB says. Copper will get sold off and AIM shares get hit the hardest. Was the same in 2008. But I am expecting a quick rebound from the bottom and will continue to top up. The renewable energy story won't be going away, Chile has water issues affecting its copper production, Peru unhappy indigenous locals blockading mines. CB understands the situation better than anyone - see his last report with his investment vehicle TIR and various podcasts.
Analytical - the lithium is in Zim. As a JLP holder I did note the comments about Sable being able to handle lithium. Wonder where that is going to come from !. Saying that, I won't be getting excited about either Zim or lithium. As pointed out on this bb, there is plenty of lithium and BHP said the same today. However, we do have some interesting exploration licenses in Botswana which as far as I am aware are still in our hands (can be hard keeping up with CBs companies.

Iky - given the poor showing in my other CB holdings of XTR and JLP, I am partly blaming poor market sentiment.
The JLP thread has some useful info that does affect us regarding the zinc and JLPs smelter plans and costs generally (thanks for the guys providing that). I am guessing we won't be rushing to get the zinc out. Worth a read.

Andrew - I read it that it will take longer than what CB has been promising. Fine by me, I am used to CBs timelines !.
Seems like markets are just not interested at the moment. His other stocks, GLR and JLP suffering a similar fate on what I thought was positive news. Guess summer has arrived and no one buying.

Thanks for some good , informative posts.
Following from that video, a found this video added a bit more geological knowledge for the untutored like myself.
https://www.youtube.com/watch?v=a2iEjXIUJEI

They also control the Zim army and security services etc ........................ But would hope that one day it does change, for the benefit of all the Zim people and not just us as GLR shareholders. There are great assets in the ground in Zim - but there is a reason why they are still in the ground. Same with DRC.

FunkySausage - wise words about mental health. But having lost a lot with Mwana in Zimbabwe I wish CB had kept out of Zim. Great country for the beauty but politics in my opinion make it uninvestable.
From memory, we had new highly experienced project manager start in Botswana this January. Once he is up to speed should be good.

Which project are we planning to develop will cost hundreds of millions ?. Any big project will be sold on.

Have been surprised the way this has dropped back so much. Are we sure that we still have the Sandfire shares and haven't cashed them in, hence the high bank balance. With rising interest in Zambia and Bots it is hard to understand why we are valued at less than (pending) cash.

I know CB has many companies but how much money can be found under the sofas. It must be tight by now. Would it make sense to delay further drilling, give the geos time to understand what we have and wait for the gold revenue to come in ?. This would obviously annoy some and "break" promises. But in view of what Iceberg wrote, shame not to finish the job.

Yesterdays RNS mentions follow up drilling. As an exploration company seems pointless to stop now ?