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Approved in the MLC minutes - https://www.mmmd.gov.zm/?p=2794
Approved in the Cadastre for 10 years. https://portals.landfolio.com/zambia/
License 34543-HQ-SML
And copper price looks great: Https://www.livecharts.co.uk/MarketCharts/copper.php
Tick tock indeed...
The application requires, amongst other things:
Note: https://www.mmmd.gov.zm/?page_id=1227
1. Proposed programme of mining operations (should include forecast of capital investment, the estimated recovery rate of ore and mineral products, and the proposed treatment and disposal of ore and minerals recovered)
2. Description of the mineral deposit in area over which the license is sought
3. Statement of duration for which license is sought (not to exceed ten years)
4. Approved Environmental Project Brief (EPB)
5. Any other document as the Director of Mining Cadastre may request
Once GLR's lawyers have checked the confirmation from the ministry and given the nod, and an RNS is published by GLR, I reckon we are then onto disclosing elements of the plan that have been approved. No point publishing it without approval and therefore subject to change. The only slow down in publishing could be to do with contractual arrangements with third parties. All IMO.
Flipper, at what point do they say full update next week? Save me listening to the whole thing. Cheers
From memory, they discuss their visit to Luansobe, Shinganda (nice copper cores) and Silverking at the intorduction. Then near the end say they will do a full update next week to include NW Zambia. It is a paid for presentation so the usual caveats apply, but should be worth a listen.
Ahh, thought it GLR was expecting an update. Cheers
Analytical
Could you please show where the application has been approved. All I can see is deferred. Am I missing something?
Keep scrolling it's way further down
Prickly. In the portal type the license number 34543-HQ-SML into the search bar. Statunga is the partner - they own 25% GLR owns 75%.
Granted 24/4/2024.
https://portals.landfolio.com/zambia/
Thank you Analytical. No RNS though. Should we have to rely on you to unearth this important news. Grateful though we are.
The NOMAD will have told them, not advised them, not to issue the RNS until they have the hard copy licence, signed, in their hands. It is just pedantic but that is what NOMADS do. They are known in the trade as Business Prevention Units. Don't worry . The title has been granted. Of that there is no doubt. Galileo is about to grow-up and be the centre of attention.
The company will want to a) receive the official confirmation from the ministry and b) have its own lawyers give it the once over. The artifacts submitted as part of the mining license application are quite comprehensive. Once we have the RNS I would expect some of the approved material to be released and full steam ahead. CB mentioned he was following protocol and that it was good news - which it is. The herd might want to see other things before they ‘believe’, others will look at the probabilities and think they have enough information already to conclude the RNS will be along shortly.
Whilst we wait...what about all of those other assets...sale/JV of 3 by end of Q2?? Cat in hells chance.. but any news on exploration results or plans would be most welcome by all owners of this company. May even give the impression that we are not some seat of the pants outfit and attract more investors.
You need to calm down BS. This is junior mining. Maybe a cash ISA would suit you better. The rewards in junior mining can be massive. They can also be zero.
Rewards massive or zero, shareholders have the right to expect things are moving forward in a timely fashion, unlike what we are getting here.
Best you sell your £500 worth Levi ;-)
Interesting Roast podcast just out covering the Zambia trip. Quite a lot about Luansobe and Shinganda in there - I'm feeling May will be a good month for GLR
As condescending as ever Analytical. It matters not whether I own 1 share, 1 million or 10 million, the sp still can't escape the clutches of 1p, we remain newsless and some continue to believe we will be mining by September 🤪
You are confusing me with someone who might actually care about your continually negative opinions or lack of research Levi.
Thanks Cyber. I’ll take a listen later.
Shareprice rapidly descending to where it was before license award.
Market sees Bird as full of hot air with little substance - let’s have a decent RNS with something tangible that creates shareholder value
And yet you continue to reply to them Analytical because you can't help yourself and need to have the last word.
Mining by September 🤣🤣🤣
Of course a year wasn’t mentioned!
You continue in your confusion Levi. I would have thought you had run out of continually negative posting by now. Guffaw guffaw snort …
How would that be the case Analytical when Bird is making it so easy to be negative and you are making it so easy with your fully researched we will be mining in by September rhetoric 😆
Getting pretty dull and repetitive these posts.
Sit tight and ignore the noise quote analytical. No one needs to justify why they are in, out or shake it all about.
18 Months or never wasn’t it Levi? Strange for a soul boy to be so negative ;-)