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I m puzzled as to why a contractor would share in the profit from the ore. Surely that would be similar to employing a builder to build a house then giving them a % of the sale price … the builder doesn’t own the property, they were employed to build the house but don’t own any portion of it when completed.
GLR has no debt, it has ample funding for the next year or more, it has Joint Ventures, shares in SFR, licences in the Kalahari and now a 10 year licence to mine Luansobe ... the list goes on.
Comparing GLR with other companies associated with CB whilst failing to compare assets and financial standing is disingenuous.
I am very depressed today as we received 2.1 million ... is that ok for you 3cardbag ?
Well if its not you as Texaschaser they sure have the same mindset and post very similar posts ... go take a look.
As for the rest of it ... yawn
Pretty sure 3cardbag is texaschaser who posts on ADVFN as they often post near identical posts. They were saying yesterday no payment would be forth coming and as it now has arrived it will only only last a year as open pit will take at a least 18 months.
So they were wrong on the first subject, have now changed their approach (this is called deflection) but is taking Levi's 18 month prediction on as gospel.
I expect an RNS on Luansobe in the next week or so after all the legalities are finalised ...
I’m in profit Levi … but being underwater seems to be your main burden and is now muddying your analysis of events and tainting your view point.
And in that case why on Earth do you invest here if that is how you make your decisions … ?
Levi is making direct comparisons between two different companies in two different countries in Africa and has no intention of providing any data to justify their claim about anything …
AFP ... ? This is GLR Levi ... how does Ombongo compare to Luansobe ... set out the comparison in point form from your copious research, shouldn't take you more than a few minutes to cut and paste the information on here.
Copper price is the driver …
https://www.bbc.co.uk/news/articles/czrxm4pljlwo
So Levi follows another CB company, has a bad experience and transfers that on to GLR as proof as to what is to come … if I am delusional then what on earth is Levi doing investing in multiple companies with a CB association given their extensive knowledge?
I would run a mile but Levi clearly loves the pain and anxiety.
Hey Levi … making associations with unrelated events is the sign of desperation.
Essentially any positive you will make into a negative so I wonder why you hang around here ?
We have a mining licence but you were spouting off about it never coming … now we have one you go off on a tangent and state we won’t use it.
Honestly …
Levi has spoken ... yet we now have a mining licence and Levi was dubious of that a very short time ago.
One thing I do know is your finger is somewhere else other than on the pulse … lol
3cardbrag 8.57am today
But if it isn't lack of trust in CB, you have to ask why sp isn't up on this news. Maybe the market doesn't see Luansobe in the same light as Birdie does.
Nice to see some posters have their finger on the pulse ...
I must admit the negative banter on here is hilarious. Usual bunch with nothing to offer whilst also unable to read the recent documents or read a map.
Confirmation RNS will arrive in due course when the official documentation is released.
Amen Levi … pot kettle and all that
Amen not Ahmen ...
I don't post as often as you but don't assume I haven't been here for a long time ... if you did any research you would know that.
Every BB has a Levi ... and every Levi moves on once their rhetoric no longer reflects the share price ... Levi will soon be moving on