Member Info for FunkySausage

Inflation dave ) good solid rna

Im also in pog billy, good luck, dont sell to cheap

In for £10k, took a punt, lets see how this pans out, once the war is over and sanctions removed this will be a easy 10bagger, consodering the uk government has said that the sanctions would be removed after the war is enough for me to get in here, gl yall, dont see mamy familiar faces but seen a few )

Gl DBNO

Funky

Thanks everyone.

Luanslobe or whatever its called

So CB stated on the interview we have a open pit option for 3-5 mill tonnes to be exploited while we drill out the same property, we should be mining some 500k tonnes a yr over a min 6yr period, with drilling it out in a much shorter time frame than the 6yrs.

So it will self fund itslef and we become a small producer, by the sounds of it, this will move relatively quickly, sounds a great asset and strategy to have, im liking this more and more, i would of thought this will be our main target for drilling.

Our other zinc target sounds lime we need to do some drilling woth the same firm taking it as star zinc, sounds wrapped up already and once drilling is done and CB is happy with the tonnage we will moat likley pass it over, another great deal here that he has done.

Kalahari

Im getti g the impression that if theres anything there we will just hand it over to SF to drill out and see what happens, we already have visable red gold in the recent cores, wven if we dont get the full 80 mill, id still be happy with 50 mill plus there and thats just for the one they have recently drilled, shame we couldnt publish the core results, im sure SF will on time, its so quiet on that frint you have ti think theres lots going on behind the scenes.

Zimbabwe

Im not over enthusiastic over this project due to it being in Zimbabwe, but refent deals shows its warming to the western world again, hopefully we can prove it up without to much expenditure and sell it in, its obviously his game plan from the interview.

Furber

I belive he CB said recently that there may be a jv opportunity there, that would be good, pass over 59% and let them drill ot out for us.

It seems CB has a plan of quickly proving uo the resources and selling them on, with the star zinc royalty and the kalahari going to SF this gives us good time to focus on luanslobe ( whatever it is ) and ****uso ( whatever its called ) tge 2 recent deals seems a great steal for us shareholders, as none if this was expected its all extra gravy for us ) im liking this company more and more, lets get drilling and let those grades fly.

Funky

Thanks castiron n congratulations on ur 4th granchild, me and the mrs decided to start a family just before the pandemic struck, not easy at 47 looking after a 9week old and a 16 month old, both girls, but incredibly rewarding, until this little gets to sleep through were both shattered 24/7 )

Lots of arguments here over not much, funny how it all reads sometimes.

While im no trader, one thing i noticed in shares over the last 4pyrs is there us trading ranges, normally within a 20% range.

Buying cuda for peanurs is a steal, especially if there is 1.5bill barrels underneath, cuda share of that is 500mill barrels, so well worth some short term pain to grab, not sure why people say better for a partner with deep pockets geab it, they wont give us any money to drill it out, but buying it allows us to sell it on giving us some pocket money too develop, tbh i doubt Arthur would flog it on anyway, im sure he has a plan and im sure i will be happy in my 5yr window.

I bought in on the atomic deal, we still have Atomic and while production increases have stalled the rumours are this is to do with Cuda and the need for a 2mile pipeline to be built, i bought in with a 5yr timeframe, so im happy to wait.

While we await some news there will be bickering, everyone has their own mind and can make their own decisions, if you bought in to trade then good luck, if u bought to be a lth then good luck, personally im not too happy with the current sp, but its what it becomes that im intrested in, not todays price, but the price in 5yrs time.

Funky

Anyone know what minute the glr bit is, sry i have 2 very small babies and have lost my time for myself recently.

Mamy thanks for a reply on this
Funky

It would be nice to see the core results, we are still waiting on these to be released by SF, could the reason of silence be the negotiations regarding our other PLs in the Kalahari, with SF not wanting to alert the competitors to what is there ? It will be nice to watch the kalahari PLs develop, lets hope we get the full whack of that 80 mill, should be a interesting couple of yrs here, not just for the kalahari but across the board of all our projects.

Surely news soon on a new drill campaign, lots to drill this yr, lots of new projects to explore, cant be long for some news to be released imo.

Shame Oiltap left, im sure he has his reasons, hopefully he comes back.

I see columbo has returned, pushing for CB to leave, personally i think so far he has done a fantastic job of grabbing these new projects for galileo, so obv Columbo has a axe to grind, he only posts in ch compnaies, all negative, what a life to live.

Funky

It looks like CB is setting glr up for his 80th bday yr, everything seems to point to this rough date for resources to be proved up and sold on.

Im not big on Zimbabwe, im not uoto date on the political situation there, hopefully they have moved on from the ZF party and some normalisation of investment can occur, it was quite nasty about 20yrs ago.

Funky

Sold @ hedge price, part of the lenders agreement i believe

Is there a telegram page for glr ? If there is could.yiu pls.post a invite link.

Many thanks

Hi Data

Do u have the grading needed for that 80 mill to SF, mamy thanks

IKY yes we are under rated and under valued, we will need to hit copper to rerate, atm we acrually have nothing but a small imcome that has o e payment, in time copper hits and a couple of quarters of the royalties need to come in to be reassessed by the markets

Funky

Billy

I have around your target for a good first strike for copper, Sandfire = upto $80 mill
Kalahari upto 3.5 - 5p
The new one whatever its called, the same as the Kalahari 3.5 - 5p
So yea if they all came at the same time, it could basically absolutely crazy.

The fact that we have siege payments coming in now and previous form of selling proved assets, we have sandfire that will most likely pay us for the licences, just gives us that nice bit of security you won't find anyway. Once we hit copper I will most likely slice of the top and keep the rest. Roll on that 5p )

For me Billy it depends on the new project and grades, once we drill down to the 1250m mark I will decide then, im around for ages now anyway, Kalahari makes this a relatively safe bet, plus the siege royalties keep us drilling, more importantly, what's your target ?

I want Colin to stick a nice deep drill hole right in the idle of that dome, atm we are only drilling the edges, we should have news soon enough though, hopefully we keep the rig going with continual drilling on the same.licence

Yes dave you are right, let's not forget we could find cobalt as well, as Comin said he would check the core samples for it,that would be a lovely bonus for us if we can find some

Your right dave, cant be long now for news from our drilling at the kalahari, also its been quite a bot of time since sandfire recieved the cores from drilling that visible copper licence, plus the cash and a few more weeks to cement the deal for the latest project, so yea lots to come over the next few weeks, should all be very interesting, as for the guy that has a axe to grind, I'd rather listen to Zak Mir than some random on a be, Zak seems to be in a bit charmed by Colin

Some good informative posts recently from everyone, well done guys n gals, tyvm.

Nice to see the legendary Zak Mirs complement our ceo Colin Bird and being a good ceo, hopefully it will put some of retail at rest mentally. Also a big kick to these guys that arrive for no apparent reason except for what comes across as bitterness, that want to berate our company.

Anyway the new deals look awesome, cheap access for a controlling majority, love that, twinning of holes for drilling sounds like a perfect plan to hit some red gold, 2.5% at 20mill tons is the equivalent or 100 mill @0.5%, sounds like that could be a dome formation right there, I wonder if we will fly a aerial magnetic survey on the licence ? We don't need a huge tonnage of the high grade stuff to be mine worthy, it definitely has my attention, we have a good few projects that are targeting high grade resources, we have money in the bank with more on the way and a freeroll with Sandfire paying drilling costs upto 4mill, they already hit visabke gold on the first round of drilling, cant wait for those results, does anyone have the details on how much tonnage and grades to pay levels upto the 80mill glr could get from sandfire.

Happy New Year everyone, im loudly positive we will find some of that lovely red stuff this year )

Funky

Don't worry Billy, when we drill Luansobe, we are practically guaranteed to hit copper, not overly long to wait for a bag or 3 )

Great news today, lets digest it on its own, the other projects deserve their own rns.

Great grades for the new project, 2.5% is massive, lets hope we can increse the resource and get it jorc compliant, sounds cheap as chips for entry, another good deal by CB. Another good target to drill out next year, I guess we got our Xmas present.

Look forward to all the expected news for the new year

Well it looks like we will have news next year, im sure most are already enjoying Xmas, we await the sandfire drill results of the visible red gold, star zinc and the rest of the kalahari, cant complain really, lets hope we have a awesome quarter