Member Info for ZaphodBeeblebrox

Good morning ladies and gents, and anyone who identifies as anything else.
Lots of good points this morning, but as usual timelines and Colin Bird do not go together very well, but he does keep his own gravy train going.
I think stevemocal has it closest to reality when he states tha CB : " has the updated report and will just keep 'processing' the data until the price of copper is higher and he has acquired enough revenue from Fairbride to fund a short phase 3."

Can a Decision to Mine (DTM) be made without a Pre-Feasibility Study (PFS)?
Short aswer is No.
So we are at least 3-6 months off from a point where we can get the DTM done and get an Anglo decision made so we can then open up a sale to other potential buyers. Data room, negotiations etc Maybe a year from a sale so into 2024.
Quite far from Colin's misdirected babble about a sale in 2022.

433,181,818 ordinary shares of 0.1p in the Company (‘Ordinary Shares’) at a price of 0.55p.
To be honest a placing seems to be a standard AIM procedure when the share price gets a little ahead of itself. Better that than being forced to raise at 52 week lows like some other junior miners l could mention. GLA

1999? Iceman - those were the days! Gargleblast away.
Still waiting for the dreary TheoremRX to put up or get lost. I just don't get what Suzy's problem is with laying the law down, but they definitely need more testosterone on that board.

Confirmation of lithium bearing pegmatites is good news. That means there's a whole hydrothermal vein system down there. Nice to see some muscovite in the pics.

Thanks Geordieshores.
I should have said this mornings RNS is good news for VAST, and will be worth several million dollars in the bank. The longer term goal of mining operations in Zimbabwe is the future money maker. However, this is AIM, so beware the pump and dump crew, and also beware placings following fast rises. Good luck all and l raise a Pan Galactic gargle blaster in a VAST diamond encrusted goblet to you! (Only in my dreams - no way will the missus let me have a drink this early in the day :-)

Wikipedia article on the Marenge diamond fields quotes an average achieved value of less than $50 per carat at these fields. "While some diamond mines produce rough valued at over $1000 per carat, average production at Marange is estimated at under $50 per carat." This means smaller or lower quality stones are the norm. Any decent stones would have disappeared by now from the stash - it is Zimbabwe after all

That means that 130,000 carats of rough diamonds would be worth about $6.5 million.
That means the rise in market cap already exceeds this, and so everything else is a SPIKE!

www.paulzimnisky.com/global-rough-diamond-production-estimated-to-hit-over-135m-carats-in-2015

Good morning fellow GRL investors and would be investors. I am less negative than others on this news. The main activities the funds will be used for are:
1) increase production and improvement of the recovery of the heap leach operation, up from the current 65%.
2) purchase of plant and equipment to assist in reducing operating costs.
3) Exploration programme along strike and down dip of the current JORC resource, anomalies referred to in the 24 March 2022 announcement, ongoing exploration programme at Akrokeri Underground Mine.

If Blue Gold convert all their loan notes, I make that about 74 million extra shares at 3.25p, and if all warrants are exercised I make that 60 million more shares at 4p. So a potential 27% enlargement in total shares at an average share price of 3.5 p, not too far from the current, admittedly poor, share price. If we can get stable production we should certainly get to a market cap of 60 million ish, some 10 p a share of the fully enlarged share count.

I also see a strategic element to the relationship with Blue Gold who also own 90% of the gold producing Bogoso Prestea Gold Mine in the Ashanti gold belt in Ghana in September 2020.

This deal must have taken some time to put together, but I also wonder why it was announced before the Q4 drilling results. Some "scratch my back" type behaviour perhaps?
Fingers crossed that it is not beacuse the results are bad. Of course, we wait to see.

Very well put, Icecool. This is indeed a special day when a truly exceptional RNS comes out that could mean so much to so many sufferers. Having two friends going through chemo right now, anything that reduces chemo effects is welcome. Hopefully the positive progress at AVCT on this front continues through the future testing.
Good luck all fellow LTHers.

Just looking in after some time and good to see some regulars such as oofy, irishmouse and petroleum are still about. Paul Forrests Saltfleetby project appears to be paying off so far and I wonder what his plans are next.

From the Qand A response from ANGS about their lack of plans to buy AAOG, to be fair I don't think they could or would say they had such plans even if they did. Commercial sensitivity and all that.

The prospects for our AAOG investment lie in the hands of Paul Forrest and his friends. It's still as murky a situation as before, but there is still hope for a resurrection this year.
All the best, and hopefully a Happy New Year for us all.
Z

Lovely poem Andymillsy - I hope you are right at 40p.
At the end of the day, we still have 1.3 MT CuEq in the ground and I expect both copper and gold prices to go up considerably in the medium term. Am down but haven't sold a bean but I take this recent slide as a lesson to take profits when you can.
Anyway, thank you to all contributors who make this one of the best and most informative BBs, and that includes Steve4077, who I believe has been a little unfairly blamed for the sp slide when it was the miss on the (bloated) expectations of a 2 MT Cu target that was really to blame.

Merry Christmas and Happy New Year to all!
Z

Butlerman, I respect your unfounded optimism in expecting a Colin Bird company to deliver any thing on time. The SP is going to sit in the doldrums until the Ascot MRE is released or the Manica income figures are published. I would not hold your breath for either.
Let's just hope that whenever they are published they meet or exceed expectations.

I only hope 4D can pull a deal out of the hat and re-enlist. The Clovis deal should give us some hope.
I wonder what the BOD are up to these days.

MARKET PULSE at MSN dotcom
Clovis Oncology Inc. stock fell 10% in premarket trade Monday, after the biotech filed for Chapter 11 bankruptcy and said it would sell assets. The company has a commitment for up to $75 million in debtor-in-possession financing to provide the liquidity needed to restructure in bankruptcy and pay its vendors and customers. Before filing, the company entered a "stalking horse" agreement with Novartis AG to acquire the rights to its clinical candidate FAP-2286, for an upfront payment of $50 million and up to $333.75 million on achieving certain development and regulatory milestones. It will also get up to $297 million for reaching certain sales milestones. Clovis warned in November that it might be forced into bankruptcy as it was running out of cash.

PS Thanks for being eagle-eyed, EE22! Did anyone else have thoughts on the podcast?

Interesting to be reminded by DP that over 30 million euros have already been spent at Molaoi by the Greek government.
While it is early days yet it does sound as if the geo team has a good model based on historica data, and while tweaks are to be expected as further drilling comes in, I am a little less worried about nasty geological surprises.
12 months to a feasibility study being ready is what I heard, so end 2023.
GLA Zaph

G'day all,
From the reported drilling results the main takeaway for me is confidence in the geological model that the Rockfire team have put together from the historical data at Molaoi. Look forward to seeing deeper results and new drills to see if the predictive power of the current model holds.

Morning all. I can understand why some have sold up as they waited for news on Theorem Rx and 201 funding hoping for a pre-Christmas bump, but got a damp squib. However, I am sure Ken Sorensen and Theorem-Rx are making an effort but finding that the current financial environment of high interest rates is more challenging than they thought it would be.
Other than that, Hokkaido news is encouraging and the rest is humming away. No need for panic.

My last statement is not a recommendation to invest btw!

So, it was Tricky Brown who bought 170,000 shares at just under 8p.
I have noticed with this share that you will do OK if you do as Tricky Brown does.
Funny that.

A positive RNS that IOCA is doing its job and thinking commercially. Good point Max, about Han**** Prospecting!
Still, I think the market is worried about the AA deal financing requirement and further dilution.
Further news to come....strong hold for me.