Member Info for JuniorLassonde

Obvious question is whether it is a prediction based on recent intell received or gut feel etc

The last week or so…

Blimey : https://x.com/trader__007/status/1966380980786127188

Good analogy.

Part of me thinks the sudden uptick in activity is to prove to a near term potential buyer the value in the asset ready for sale.

It’s not Tlou or Ngami between which GLR’S PL253 license, currently being drilled sits, and below which there is a Sandfire license on which GLR has a retained bonus interest. The Sinomine / COBRE asset is much further to the east. It is also not well placed compared to GLR’s PL039 and PL040 on which work has been performed previously, and on which new targets have been identified etc. several observations - Sinomine ($3bn market cap) make for an interesting addition to companies in the region, they likely could not get their hands on pl253, pl039 or pl040, and finally - what is the current driver behind GLR’S KCB new impetus?

As you say coyote, there are multiple options available. The open pit is essentially a very valuable starter high revenue production option, and as CB recently stated in the Bezant podcast, monetisation is what the markets are looking for and I expect CB is negotiating on that aspect. The ramp down to the underground license from the bottom of the open pit license has also been floated as a realistic idea. I think I also heard there was further potential underneath the open pit. The big prize is of course the 62mt high grade deeps - the potential of which was what started the Luansobe venture In the first place.

There are multiple toll processing options in the area, and further afield. The cut off grade is very low at 0.25% and would be higher for the underground aspects. As a package with a retained interest it could be extremely valuable. CB will not want to let the deeps potential slip through his fingers. Fortunately we have several other great options in play simultaneously. The Ka$hitu license was applied for and received approval very quickly and there will be a driver behind that. Same with the recent uptick in Kalahari activity - what is driving it? Same again with Ferber. CB is no fool.

The recent RNS on PL253 were close so it’s very possible. The first stated that drilling commenced, and there would have been a lead time to mobilise and put the drill in place initially. So I expect the second will have a longer gap as they will have to move the rig first to the second drill site. All good and this week is likely.

Meanwhile the big news on Luansobe, and Ka$hitu will be a massive driverp for the SP. All good.

Https://x.com/robert_ivanhoe/status/1964521403639877650

Https://x.com/robert_ivanhoe/status/1964637854555893941

Next door to where GLR IS currently drilling : https://x.com/MartinCHolland1/status/1964100799010869544

Https://x.com/MiningFeeds/status/1963644613941444797

Next door neighbour to PL253 https://x.com/cobrelimited/status/1963760247798980756

I would not rule out the Sinomone ($3bn mkt cap) move into the KCB with a Cobre JV on a different license either. Early days for them, compared to what GLR has in that region. If I were CB I would look to build value into those assets and sell them off or JV them. The PL253 drilling, and the review of Pl039 and Pl040 was not a coincidence IMO.

And that is just the KCB assets :-)

Https://www.news24.com/business/kiwara-on-base-metal-trail-20080403

Compared to the current GLR portfolio which is shown earlier …

Colin Bird was Chairman of Kiwara Plc, and oversaw the sale of Kiwara to First Quantum Minerals Ltd. in a cash and share deal valued at approximately US$260 million. The transaction was announced on November 23, 2009, and completed on January 29, 2010. Under the deal, Kiwara shareholders received 0.0085 First Quantum shares and 37.5 pence for every Kiwara share held, implying a value of 75 pence per Kiwara share, a 41.5% premium to Kiwara’s closing price on November 20, 2009. The share price had been trending up for a period prior to that announcement.

The acquisition was announced on November 23, 2009, and finalized on January 29, 2010, through a scheme of arrangement under Part 26 of the UK Companies Act of 2006.

Colin has previously mentioned schemes of arrangement at the AGM for Luansobe.

There are NDAs in place.

Tweak IMO: I think KCB should swap positions with the Western Foreland … :-)

1. Luansobe Open Pit - per CB Podcast Discussion - shareholders want monetisation wherever possible - Approved Mining License

2. Ka$hitu Open Pit - Per CB Podcast Discussion - shareholders want monetisation wherever possible - Approved Mining License

3. Western Foreland - JV - Prolific Area - lots going on - attractive asset - large scale exploration license just renewed - Ivanhoe et al sniffing around

4. KCB - Great Licenses in great positions - next door to discoveries - mines etc. Now drilling PL253 - BHP and Sandfire in the overall mix

5. Luansobe Underground (approved mining license + the 62mt potential Deeps - JV - As a Package - + using $ from 1 and/or 2

6. Shinganda - JV - Could be a huge IOCG deposit - attractive asset - JV potential

7. Ferber - well positioned - huge gold mine 20 mile away (Barrick/Newmont JV ) - prolific area - JV Potential - Nevada Supportive of Mining

8. Bulawayo - needs update

9. Kamativi - needs update - license renewal in progress - CB mentioned it alongside Shinganda in the latest podcast (interesting).

Compounding several into each other is huge bagger territory.

When things are on Sale, rational folk buy more. Plenty of news coming and many monetisable assets. All good.

Also shaking out some weaker hands. News flow has improved significantly in the last few weeks. More to come. All good.

Traders verses investors. All serve a purpose. BTFD :-)