Member Info for TopCatz

yeah, typical slippery CB RNS. I can't quite understand it but it sounds like the consideration will comprise of GLR shares. I might be wrong so if anyone wants to shine a light on it that would be good. Good prospect but over extending as usual.

For clarity i'm fully out for now so take it that I probably have a 'bias'

Thanks both. Very informative and I agree that the Covid19 issue could be convenient for LC. I'm out of GLR fully now for better or worse. The herd have arrived so I can see it continuing it's rise but I will want to see some more meat on the bone regarding plans before I open up another trade.
Looking forward to seeing some figures on copper and cobalt over here though. Anyone able to pluck a date when the next financial update may occur. They could have added more to that RNS regarding the Copper but that will be for another RNS I presume

Hi Craig. Yes that's the weird bit. I knew SA was in lockdown but wasn't sure about Zambia

https://www.metalbulletin.com/Article/3930197/Zambia-unlikely-to-impose-Covid-19-restrictions-on-mining-First-Quantum-exec-says.html

The link to an article on the 28th April (bit out of date) suggests that it would be highly unlikely that there would be restrictions to mining although i don't how the construction of a metals circuit fits in. I'm a little confused to tell the truth

Yes MH & TT - A mixed bag but the cobalt stood out like a beacon that's why i got in quick for a few. They are in my Sipp and not my trading account so happy to leave them be but wanted something off the back of that.

The GLR bit was very interesting indeed and gives a longer timeline than originally anticipated on GLR but we will see

I am also very pleased with the progress we are making in Zambia where we were able to successfully bring the copper and cobalt refining streams on-line to continue with the implementation and expansion of our multi metal refining capacity at the Kabwe Sable Refinery. The construction of the zinc recovery circuit remains on hold due to current restrictions and we will continue to update shareholders as the situation changes."
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Not quite sure whey they've been able to work on the copper streams but the zinc recovery circuit remains on hold but that's a way down the line. Mining licence and terms formal agreement (should be a formality) to come first

As i mentioned earlier - There was a possibility this was going to drop out of it's bull run so timely update. I've just dumped the GLR in my SIPP and loaded up with JLP instead. Zinc circuit on hold doesn't sound like GLR are going anywhere in a hurry

Thank you MM - That sounds very positive and will de risk the possibility of one last cash call (we've all been around the block and know the score, here as much as anywhere!). I wouldn't mention cash call for a second on the GLR board of course but it's a nagging concern that never goes away so no point being blind to it. Warrants exercised and cash in the coffers would be very welcome news at this stage of the game.

TT - I am 100% with you on your analysis - It can only go one way long term but realisation is taking a while to sink in. Company news, closures, cash raises etc over the next few months are going to be horrific and that's what will drive the indices lower. Good luck with your value stocks. I'm sure you will do well long term

Hi MinorMiner

I'm shorting on and off, never for too long. Had some good results but my last short busted out. I use stops so although no one likes to ever loose as long as you get a few big ones in and stay ahead all good. I get what you say but I've got the DJI and FTSE teetering on the edge of sell signals so currently waiting to see what happens there. If not somewhere approaching 6200 would be another strong area to short. The last one when it topped out was spectacular (near on 400 points in 24 hours). It's very volatile though so tricky to say the least

Side note. I've got JLP dropping out of their recent bull run if they don't close >2.88p tonight and the yearly MACD is just about to signal a sell (probably dependent on tonight s close) so pivotal day

Good post TT - In this market (still a bear market and likely to get worse) it s good policy to take into account any possible pitfalls as well as the positives. Good luck to you.

Investz - 2p is a sensible short term target - The higher estimates would come further down the line and lots would have to happen beforehand. 2p short term would be a result

Why would one sell now is beyond my understanding.

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Everyone has their personal targets. If you never sell anything you never make any money but I get your point. Plenty of juice left in this one. Just bear in mind that nothing has actually changed since last week. Everything that is happening we knew anyway with the exception that they may be selling a core asset but to be totally honest i'm concerned that a tipping service would know this. How can that be ? I've hedged. Half in and half out and what i've sold has given me a free ride so whatever happens from now on i won't be sweating. That's worth a few quid to me in it's own right.

Still set to gain from a good rise so take it away !

Just sold another chunk - Still 50% in and more than happy to see this rocket from here. I'll hold what i've got for a bit but I held quite a few so wanted to cover my bases (especially in the skittish market we find ourselves in)

Good luck all

Hi AP - Yes, he'll definitely be working on bulling up or at least papering over the cracks to put himself in a strong position for the election so you could well be right and Autumn is often a good place to buy but the brexit no deal scenario worries me. It's not a concern now but it will be what the market is focusing on at the end of the year. If it's not it's because the virus has resurfaced again and that will be worse. Let's just hope it's brexit woes and a beaten up economy 'only' that we have to fret over.

Yes. Very strong

Anyone care to hazard a guess as to what may be going on with the warrants >0.6p - Are they likely to be exercised and sold around here as that may put the brakes on the SP for a bit, or are warrant holders likely to hold on for more ?

It's been ranging all day and half of yesterday between 0.7 and 0.75 so it's not beyond the realms of reality that we may see some large sales reported later. Not that that would be a bad thing. Extra finance in the coffers and all that.

Assault on this years high again.

Hi Augustus - It's in auction. Usually a good sign with a bullish small cap

I agree with you all. It's got winner written all over it but the RSI is literally off the charts, daily, weekly and yearly so there may be some weakness before the next leg up.

There will be a leg up though for sure. I'm just a straight up poster

Taken a bit off the table at 0.72xxx.

SP getting ahead of itself but I can see this hitting 2p over the next few weeks so will reinvest on weakness.

GLA. I'm very much still here

to dump....very good.