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The ggs will not start installation at the end of April, its the construction that will start most likely meaning the building to house the equipment, the pipes are long mead items, no set date for delivery
Construction of the Company's Barron Flats Shannon Unit ("BFSU") $4.5 million high pressure gas gathering system upgrade to commence in April;
o Procurement of long lead items for the BFSU gas gathering system upgrade and upgrades to certain BFSU wellsite facilities is underway.
Imo the 3.9p will be the new base to float around, with potential to push us right up )
Any link for this info or is it just your opinion columbo. I have to admit I can't wait to be in production, one of the best benefits is u just won't be here anymore
they are all looking at the chairmans record in not only this company but other companies he's been involved in
We don't need a partner for luansobe, in fact imo it would slow our other projects down. Luansobe is the company maker here, lets have no doubt, we need this in production to pay for everything else, no brainer imo and a easy set up, selling this gem would be a sin atm.
I'm a still buying more at these silly prices, I have 5mill now )
I'm unsure of the potential grades purely because of my lack of knowledge if lithium, any line able to throw us a bone about tbe rns grades ? Any good?
Good we found some of this stuff it goes for a fortune, lets prove it up n flog it on, could be absolutely massive looking at previous deals. It could certainly go for huge chunks, time will tell, lets get drilling and get some proper grading on this ****.
Iky pls bear in mind the current market conditions, its not pretty out there atm, inflation, geopolitics, expected recession, not many are doing great atm, patience is everything, if you think we will go into production then sit tight it will come good, Luansobe this yr plus the kalahari should get paid out, that's with ka****so or whatever its called, all should be monetised this yr, patience is all that's needed.
News tomorrow ? Trading seemed a bit active Friday, we will see I guess if we have a leaky ship
16 mil left on the tap, most likely for the 2 FD drills, no JV then we drill, that's my opinion
Makes sense to get the concentrator if we have the cash, reduces cost for transport and processing, seems a ni brainer to me
We have the monies, its not a issue, thanks for clarification.
Re reading the rns about lunasobe, Imo we will drill the outer target of 3 -7 mill and of the back of that If the grades are worth it ramp up production to double what we will have
What does the concentrator cost ? We should have about 7 mill in the coffers once the glenover money comes in, is that enough ?
I cant find the prospectus, anyone have a link n happy to help me out ?
Many thanks in advance
Funky
Luansobe is the key to unlocking GLR, the open pit and using 3rd parties is the way for the small miner, love the way Mr CB has seen this and is hopefully looking to use this model, quick, cheap, gets us up n running, no need for equity raises, huge plus for shareholder's. Having a steady income will allow GLR to grow its portfolio, there's plenty to do, and the projects look absolutely fantastic, but more importantly it gives the company financial freedom and security.
It seems a strange project this one, its looking so far to be small satellite deposits, crucial to link these up into strike if possible, loving the strike continuing, hopefully we can fill I the gaps and have a whopper, a lovely chip sample of gold, lets hope we can Improve on the strike, hat tilt to Mr CB, lets get this proved up n sold on.
I thought the jorc is for the open pit, I don't think we drilled anywhere deep enough for the underground
Luansobe
We have to remember we still don't have a jorc, a mining licence ( i dont think we have one yet ), water licence ( if needed ) stripping and shipping to the plant a deal with a processing plant, so atm we still have lots to do yet, you may well be right dave, most likely it will all come together rather quickly but it's not going to be as quick as we like, don't forget though Colin is taking the roast bits put to africa to check stuff out and a nice chat with jubilee, patience is tiring but profitable in the long run ) imo we will have lunasobe up n running n then we get the glr money if theres any ofc ) I'm nice n chilled about this one, finding it hard not to buy more lol
Happy birthday Cr1sp
Gold grades are a bonus but unfortunately not great, lets hope they can improve a bit, still it's free so as I said still a bonus
Someone's been shopping today )
Art is running this already as a mid tied company, he doesn't seem intrested in updating weekly on what's going on, I know we would all like to be updated on every bit of news but it isn't that way with Arthur, if we get more than quarterly updates be happy )
He took shares instead of wages fir a long time
I think most are questioning £45 sp and 4billion oil, company guidance isn't anywhere close to that, anyway I'm sure it's worth more than the current sp, so either way I think we will all be ok regardless