Member Info for maddogpete

My memory of the last campaign was the drilling seemed to go on for ages, then abandoned. Hope Navitas plan them better than PMO did.

The going ons at BZT won't help sentiment across the CB stable of companies. There is too much focus on new projects and then no money to forward them. And then the inevitable massive share dilution to wipe out small shareholders. The sooner we get the Glenover money the better. Fed up with the constant spin.

Ask him to buy some GLR and AFP. What a dog day !. The sooner this seller is finished the better.

According to CNBC, 51% of retail investors are currently staying out of the market. I see copper is also net short. Clearly a lot of people are expecting financial conditions to worsen.
Will that affect the Glenover sell ?. Will that affect Sandfire continuing their exploration efforts ?. My view is no. And hopefully that 1.65 million sell today has cleared the sellers out and the uptrend can resume. We deserve it.

At least GLR got a few posts. AFP's RNS next door got zilch reaction. Tough time to invest on AIM at the moment bar the odd stock.

GLR gets a mention on todays Sunday Roast 12 stocks of 2023 review. Like us, they are bemused by the shareprice and AIM generally.

Market seemed to like it. Navitas shares up 4.76%.

Navitas do seem to be a different league to PMO. I was pleased to see we have gone back to the original FEED of 80,000 barrels a day. Clearly they must have some idea about financing or why push it.
I also think it makes sense for the FI Government to push things. The world has changed. They cannot rely on a future Labour Government not selling them out like we did Hong Kong and Northern Ireland. Navitas are their best hope of remaing independent.

Oscar. Some interesting points and possible.
However, on the plus side you miss out an Israeli attack on the Iranian nuclear facilities. Could add interest to the Middle East and oil prices.

PL. Have you informed Sandfire they are wasting their time exploring our assets, told Afrimat not to bother buying Glenover and that our Sandfire shareholding is going to turn to dust.
No problem with day traders trying to make a quick turn up or down, we just have different time frames and rewards.

Iky - good call on PREM. One day our turn will come ....

Assuming we are working with JLP then we are still dependant on their ramp up.
If there is a recession by the end of the year then copper prices wouldn't justify rushing the start up. Just my thoughts and happy to be corrected.

Happy to hear all opinions. But until the Glenover deal is completed there isn't much cash for progressing the other projects. And could make sense to delay Luansobe to fast track the lithium for a quick sell ?

Pan, of course it is disappointing when a recession is on the way, AIM is in a downtrend and most people have stopped paying attention. But Sandfire continue to explore on our behalf and hopefully the South African mining ministry will sign the dotted line to complete the Glenover project.

Analytical. Agreed. Does appear it will be quickly sold. Colin mentioned previously that plenty of people have been on the phone. Makes sense as money is needed to pursue the other projects.

Everyone was saying the same about oil in 2008 when it was $140 a barrel. Personally will be happy when that £5 million is in the bank and hopefully Sandfire see fit to give us another $80 million. Chasing gold dust in Zim can wait until next year for me.

Any geologists around to interpret the news photos that he mentioned in the podcast ?. Clearly he is excited .... admitedly as we all know, not for the first time !

I take it as a positive that FQ and Sandfire are still putting money into exploring our licences.

Thanks Andrew for posting the Sunday Roast link.
After all my years of investing on AIM I thought I was the ultimate cynic !. The podcast does sound persuasive across the board of companies. That promise of RC 2m/t of cu seems to be blighting everyones mood unfortunately. And in a lousy market even producing gold not reflected despite the rising gold price !.

https://audioboom.com/posts/8266492-midweek-takeaway-with-colin-bird-executive-chairman-of-glr-xtr-afp-bzt-and-ken