It seems that the inquisition , diligence and common sense logic “of a number of shareholders identifies gaps in the information provided by the Company, whether intentional or not.
Why not give us the full picture? - we are supportive shareholders CB, you know!
“............ electromagnetic anomalies, the most prospective of which displayed similar conductive dome geometry.”
The AIM-traded firm said it had now undertaken heliborne electromagnetic geophysical surveying over several licences in the “highly prospective” project.
It said a preliminary overview of the results was “very promising”, with the electromagnetic data interpreted to show several highly prospective geological settings for copper-silver mineralisation.
In particular, the data from PL250/2018 and PL251/2018, which were situated 30 kilometres west of Sandfire Resources' high-grade copper-silver A4 Dome Project, contained several electromagnetic anomalies, the most prospective of which displayed similar conductive dome geometry.
https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=7722638&type=bsm
The only way is up.
As reality sets in, more investors will want to get in ahead of the news flow, in particular ahead of copper exploration drilling.
GLA
The unsubstantiated fearmongering
In the words of a famous investor “be greedy when others are fearful”
If it outstanding the news has to be released at some point. If the copper grades are better than expected it could be the making of GLR. Would be great if Colin gave another interview to explain the great news.Nice try Billy the Kidder
Usual sell in news causing initial drop. Price recovering quickly now. Still plenty if opportunities here.
Well done to whoever it was who identified Siege and Chelwelwa way before this RNS
.....and just a reminder that Sandfire invested in Galileo with their purchase of more than 4% of GLR at 2.68p per share.
https://www.share-talk.com/share-talk-bulletin-board-heroes-tuesday-2nd-march-2021/#gs.v0jmjt
Bulletin board heroes from today 2.8p targeted.
CB “The trains are all arriving together”
Tickets still available for this journey at a cheap price, but not for long.
All aboard!
I have sent an email to Beaumont Cornish, Phoenix and will inform everyone as soon as a response is received.
Let’s hope Star Zinc is still on track!
CB needs to give some clarity about Star Zinc and quickly. Shareholders are getting nervous with the lack of information and rightly so when it appears that other parties have been issued permits on the Star Zinc licence area.
These new licence applications may be explained by the fact that our renewal of the star zinc licence includes a mandatory 50% reduction of the licence area - see extract from the Addison JORC technical report below". These new licence s being granted in what appears to be our star zinc area are probably others applying for our relinquished areas.
“The Star Zinc deposit resides within valid exploration licence 19653-HQ-LEL, known as the Star Zinc licence. The licence is currently registered under Enviro Processing Ltd, a subsidiary of previously Alternative Investment Market (“AIM”) listed BMR Group Plc. As the licence is an exploration licence, no extraction is permitted.
The licence was granted on 14th August 2014 and has recently been renewed with a mandatory 50% reduction in licence area. The licence is now within its second grant period and is valid until 13th August 2021 (Table 4.2, Table 4.2 and Figure 4.1.).
A further renewal with 50% mandatory reduction in licence area can be applied for 6 months prior to the 13th August 2021, which will extend the licence duration for the final three year period until 13th August 2024, for a maximum duration of 10 years. The holder may, not later than six months prior to the expiry of the exploration licence, apply for a mining licence for an area within the exploration licence, as shown in Figure 4.1.”
Bloomberg certainly like us - here’s another
https://www.bloomberg.com/opinion/articles/2021-02-25/metal-bulls-beware-healthy-copper-prices-aren-t-enough-for-a-super-cycle
An S&P Global analysis last year found that 224 copper deposits were discovered from 1990 to 2019. But only 16 have been found in the past 10 years, and just one since 2015.
A measure of whether miners see sustained demand ahead and have investor support will be their willingness to take on some of these digs that have long been clouded by political risk. One to watch is Cascabel in Ecuador, owned by SolGold Plc, which counts BHP Group Plc as a major shareholder.
$331,000
https://www.petroenergia.info/post/solgold-firma-convenios-de-cooperación-para-favorecer-el-desarrollo-local-en-comunidades-de-imbabura
SolGold signs cooperation agreements to promote local development in Imbabura communities
Ibarra, February 22, 2021
The mining exploration company, within its Community Relations Plan, has purposely contributed to work for the well-being of the areas of influence where its projects are located in Ecuador. For this 2021, it remains committed to the country, promoting its development.
Exploraciones Novomining S.A. (ENSA), a subsidiary of the mining exploration company
SolGold, which leads the Cascabel project in the province of Imbabura, signed on February 17 two framework cooperation agreements for this 2021, with the Parish Governments of Lita and La Carolina, to support the implementation and execution of various local projects that promote sustainable development in both areas.
The agreements will promote actions and programs in the areas of: community health, education, productive development, community and road infrastructure and promotion of social, cultural and sports activities, for the benefit of the inhabitants of the communities of the Lita and La Carolina parishes, direct area of ??influence of the Cascabel project. Throughout the year of implementation of the agreements, the Company will allocate about $ 331,000, which will be directed to the purchase of materials and supplies according to the assignment of each work edge.
https://m.youtube.com/watch?v=hT9PdXt4fOU
Came across this outfit “portfolio matters” who have been influenced by the recent Crooks (sic) report.
I share it but don’t agree with their stance. I think some of you have legitimately challenged some of the Crux report’s data - but it shows how investors and sentiment can be influenced.
Long and strong!
GLA
17% increase today so far.
Looks like investors are getting in before the fireworks.
Soon be back to 2p and beyond
I hope you are correct Data. We need CB to confirm this and the current status of Star Zinc.
Just trying to find out more info on this.
Artisan license has been approved to a Mr Chelwelwa covering an area we believe to be Star Zinc.
https://zambia24.com/black-mountain-mining-plan-needed/?amp=1
Mr Chelwelwa I believe was and may be still is Chapamo Mine Supervisor.
Chapamo Mineral Resources Ltd was formed as a legal entity originating from illegal artisan mining gangs.
https://m.facebook.com/permalink.php?id=249337928581582&story_fbid=1531787137003315
Same article quotes Zambia Chamber of Mines encouraging Chapamo to form joint ventures with owners of unexploited assets
http://www.canadianminingjournal.com/news/ranked-worlds-top-10-copper-projects/
To provide a glimpse of the copper supply chain of tomorrow, MINING.COM and sister company MiningIntelligence compiled a list of the top 10 largest copper deposits currently under development and ranked them according to copper resources in the measured and indicated categories.