Member Info for long-john-silver

Absolutely agree bottomsup, lets not wait another two months for the resource statement, get some good news out now on the drilling, keep the market informed of what is being found. The secret investor likes it enough to invest, lets stop protecting his lower and lower buy in and try impressing us long term and long suffering shareholders. One can only hope the LWP deal is substantially better than the mediocre one struck before

It's the Luonsobe deal that frustrates me, I am sure when CB did that interview with Cooper Lemon, they indicated a deal would be done within 6 months. Some sort of update is due, over to you Colin.

I just see more dilution soon unless something breaks.

If you believe a deal at Luonsobe will come off, use the time to hoover shares up at these bargain prices. It is frustrating to wait, but we should be flying when that one drops.

Yes, this raise is a bit disappointing, I thought we had cash enough but the drilling programmes and admin costs (probably a bit high) have drained us. Hope this funding lasts until Luonsobe drops or other. Probably a good time to add at these levels. I have enough and don't want to take on too much risk as I added a lot of JLP recently.

Very interesting that we have moved this well the last two days. Definitely jubilee related if you ask me. If we strike a deal with them, I don't think it will set the earth alite like an $80M kalahari deal would, but and well structured deal with them could I think get us back to previous highs of a few years back. I have decent stakes in both so should benefit either way. Exciting times ahead I feel

He has a strong influence now because he represents Slaters and that is a good thing. I hope he and Leon get along as we need Leon going forward but with some more financial control. Pretty sure they will get this through and then we can fully focus on copper/zambia. I am glad they read the boards but should not take too much to heart as those with the smallest holdings quite often shout the loudest. I have voted yes with my wodge

Quite sensible imo. If it dips any more, I could get my man purse out again.

It has been quite frustrating to here very little if any news from the company. Last time I followed was the interview with cooper lemon and I thought that set the scene for an autumn of god news last year. It has to be all tied up with JLP, I think Colin and Leon have really concentrated on Zambia but have been frustrated by delays and events.

I think we wont have to wait too long now.

Another prediction, Leon leaves Jubilee and takes over at Galileo some time after Colins retirement

Will the arse who said Glencore have walked away appear and apologise for that blatant lie

Decent holding but think you are missing a couple of 00's in your cost. Perhaps £0.003 cost and we are current at £0.00035

Probably got that wrong, I blame George for all the damn zeros.

Whats your target to get out at

With a working plant, this has to be worth £300M market cap including the debts. So, I reckon around 0.5p share price and happy to exit there after a near wipeout.

I was watching the interview with Rick Rule yesterday on the Roast channel. They asked Rick about Jubilee and essentially, he feels its too small for him to be interested. He wanted several billions of dollars to be in the ground to mine. It surprised me that the roast guys did not then talk about the 260M waste rock project (less the tonnage they are selling). At 0.75% thats a lot of contained copper and billions of dollars in the ground

The project targets the processing of over 260 million tonnes of surface material containing copper.

Dedicated Processing:

A dedicated processing facility, resembling the Roan facility, will be used to process the waste rock.

Modular Plants:

The initial phase will involve four modular processing plants with a combined capacity of 2.4 million tonnes per annum, potentially producing more than 20,000 tonnes of copper in concentrates annually.

Https://www.grovenorresources.com

Many GLR holders were under the impression that Jubilees Project G was in fact our pit. I am not so sure. If you watch Jubilees presentation

https://www.youtube.com/watch?v=mVY_t62K7IQ

18 mins and 20 seconds in, Leon says Project G and then says Grosvenor a couple of times. This seems to have been a slip up to me. I have no doubt we are working together in some capacity but have GLR put a name to the pit or is Grosvenor someone else?

Maybe cooper lemon need a rocket under them, i thought they targeted a deal by late 2024 didn't they?

If it is a BOD decision, full of yes men anyway so they would vote for it. Shame shareholders cannot vote, I would suggest he gets it back once the market cap gets back to £200M

I wouldn't worry about snowy, he sold more times than he bought, JG on the other hand may have taken a beating. The AIM market can be a cruel place full of self serving greedy ceo's out only for themselves.

Pretty disappointed to see these drops. Are we running out of cash or are holders getting fed up waiting

On the latest stockbox interview, he didn't make it clear about how to pay for the mods. So, I see two options:-

1. He thinks because Glencore are at the table, that will give us confidence to raise and dilute us even more.

2. Or he mans up and puts the money in himself to raise the funds. This is what he should do

Waiting for the negative spinners, perhaps busy right now attempting to close out their shorts

Ricky, accurate post. I hope GR can get this funded without too much more dilution. To think we were thinking of 5-10p as a possibility a couple of years back. If things go well (and that's stretching the imagination), 0.5p is even a massive target. I would be happy to get out at that and that would be in profit. But i personally think this will go into admin