Member Info for Metalhead25

Cyber, do you have a link to the presentation where Cb links Ongombo with Hope and Gorob?

I think the financial position looks ok. There is so much positive news expected in the next few months, I’m sure there will be opportunities for a small raise if necessary. And it may not be necessary

Oh gawd, you mean you sold nearly £15k?? Ouch

The £4.4k is a buy.

Let me guess, it was you who dumped £10k below the bid based on a misreading of that message? Need 10s tomorrow to get back in?

;-)

What on earth is wrong with you lot? That message basically says everything is progressing as envisaged in previous announcements, hence no need for a new update. It’s a reassurance that nothing is wrong. Therefore, they will announce news when something newsworthy happens, or when the time comes for the next scheduled update, whichever is sooner. If anyone has seriously sold on the back of that message, they shouldn’t be investing / possibly shouldn’t be let out of the house

Yeah but Konkola has been running for 60 years and they’re just extending deeper. It’s not really the same. Anyway, am not here to argue, I have no stake either way - just an opinion and I will now leave you guys to it. GLA

Sounds too deep to me. Suppose they find copper ore at 1200m down. An “underground only” mine that deep would be very rare indeed. Just think of the cost to establish a resource, let alone mine it. Doesn’t mean you can’t get decent SP movement in the meantime, of course

For anyone interested, a big trend resistance line broke today: https://x.com/metalhead2525/status/1792586574313455855?s=46&t=Jne_cUYLxmaxpafySDDQ2A

Doesn’t mean we necessarily shoot up now, of course - but I reckon there’s a much better chance in the next week or two than in any old fortnight you might happen to pick.

GLA

When a single £22k buy generates a move of 20 odd per cent, you know what will happen if/when we get some positive news that really captures the market’s imagination. Will be 7-10p in the blink of an eye. Think EST’s 2024 move but more so

Https://x.com/metalhead2525/status/1790054514113892512?s=46&t=Jne_cUYLxmaxpafySDDQ2A

JCEP and Spank - completely agree; great management is the absolute Number 1 must have in the nanocap market, especially in mining. And we’ve got it here

Excellent interview. Multiple offtake MOUs likely to be announced in the next 1-4 months. In discussions to partner with a Chinese company to build an SPG plant in Uganda. DFS largely on track, might run over a month or two because of the need to incorporate the SPG plant. Hoping to get opex down from $500/t to $400. Pilot plant is so that we get the reality of operating nailed down before we have an $80m capex operation and commensurate loan repayments and wage bill. This is very sensible.

What do you mean “can’t even”? This company has been a model of progress and delivery. And you pick on the one thing that is delayed, which, by the way, is in the hands of the regulator, not the company

The reported spread takes into account the price associated with buying and selling large amounts. So the fact that one can buy a relatively small amount nearer the middle is not really an answer to the point. Anyway, apologies for what was ultimately a pointless whinge. Such issues will become irrelevant as the company continues to deliver this world class project

Ashamed*

What an utterly appalling spread, the MMs should be assumed of themselves. Despite the spread, upward momentum looking good

Well there goes the financing concern. Brilliant news, well done Colin and board. Feeling v positive for the rest of the year

Well that would be very nice

Where did you hear that about Jan/feb 2025?

There’s almost never a comment on this board, on anything. But no, there’s nothing bad in there that I could see and no imminent placing concern