Member Info for Iluvise68

It was estimated that it would require 50 million in capital to go it alone which is beyond them right now?

They are wisely seeking to strenghten the balance sheet

Https://www.linkedin.com/in/legodipapaki/recent-activity/all/

The likely multi-national is Vedanta Resources, which recently regained control of Konkola Copper Mines and operates a mine/concentrator within 30 km of IRH’s only open pit operation, Nkana Mine.

Nkana has been in operation since 1933 with operations now underground.

Under the liquidator, Konkola saw underinvestment, declining reserves and production.

Re-processing of surveyed waste dumps could economically boost production under a long-term partnership (tolling agreement - zero capex, quick returns).

In other news Chrome is still on the up.

https://www.linkedin.com/in/legodipapaki/recent-activity/all/

Good clear communications from CFO

Can you post cut /paste a summary of the article

Increasing production with copper price rising to record highs - it couldnt be a better scenario.

If the IRH deal si finalsied it will also relase funds for more deals

There has been no mineral resource/definition/report/assessment of Munkoyo - if it was reported might be harder to strike more deals at outstanding value? I just wonder.

Slater sold his entire holding (clearly wasn’t too

Impressed with the deal according to Slater Recovery annual report which is available on the website)

They are going their best to shift sentiment and the SP - it’s the next financial

Results and guidance for the next financial

Year which are key. The new/interim CFO appears to be on it.

Where’s this from?

Surely they are going for accelerated production/ncreased income now to reach the targets and acquire more open pit mines which is where there is a massive opportunity to grow the business. There the tiny dilution is enhances value over the longer term.

Zambia taking more steps to address power situation

https://www.esi-africa.com/industry-sectors/transmission-and-distribution/zambia-tanzania-interconnector-project/

Dont panic - everything is down today

The SP is still tracking the platinum prices which are at historic lows

Sylvania platinum shares have followed the same decline.

We will only break that cycle if (a) we significantly increase copper production which is happening and/or (b) the metals prices increase which they will from here.

It’s still a good buying opportunity.

Good luck all for 2025.

The key is that Sable is unaffected so although this quarter might be disappointing with a further delay next few periods will show growth providing that they can grit over this hump. The problem is caused by grid failures which are outside their control but a fall back is necessary.

Commodities are generally down today

I've chased fidelity but no response so far.

I'm on fidelity and the sharesa are quoted in dollars and also cant trade them.

Fidelity have paid out today but not possible to trade GTE online. wish now I had sold out before they were suspended