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I do agree that BT will say and do what is in his interests which isn’t always the same as PI’s….despite him making out it is. Emma is also a joke.
This could well end up like Solgenics did with the BOD / major holders having the shares to vote taking it private when they couldn’t raise in this dire market.
I was inspired to write BT a stern email myself top SURFER so FWIW here is his response:
(Not sure what he means by a deal they withdrew from?)
Jake,
Obviously I can’t give u any information that is not in the public domain.
The 376 oz you mention was just this month, not the entire year.
What I can say is that there have been a number of issues that have arisen as a result of a deal which we withdrew from.
This caused us to have to inform the market of the worst possible outcome, a bit like the panic at the start of Covid.
We are working on a number of developments that should have a positive outcome for all shareholders this always takes a long time but hopefully we will have very positive news soon.
I still have a considerable position as you know and will be hoping for success in the future, I believe that the current workforce are well placed to achieve this.
In the meantime I appreciate your support.
Bill
Agree, Whereisthegold and it did surprise me how quick BT got back to me and yes he could be spinning us a line but then again why bother as we're already delisted and it's not like any of us can sell to bring the share price down. My thoughts are that GRL has a very strong chance of going under due to the debt and lack of gold delivery ............but there's a small amount of hope and a long shot as I personally think BT is trying to turn this around and gold prices are increasing so they may be able to secure new funding and BT does have some weight in the industry - IMO
As always, good luck, I was also foolish enough to get caught-up in 4D and that was a very quick and bitter end for all shareholders so I understand the risks here and it's gone very badly this year for sure!
Thanks Surfer.
If that’s true surfer . Good work
To my surprise Bill messaged back, which has given me some confidence again - see below his last sentence as obviously he can't share any sensitive market info but he did confirm the below which may help ease some worries for LTH's:
'We are working on a number of developments that should have a positive outcome for all shareholders this always takes a long time but hopefully we will have very positive news soon.'
Good luck all and we may have good news soon............
If this share had been trading what valuation would it have now?
I would guess less than 0.1p I haven’t lost too much £2k, but I’m still gutted and feel sorry for anyone that has lost.
We were all here for the dream.
Sorry for the multiple posts. It didn’t like the less than symbol
If this share had been trading what valuation would it have now?
I would guess
If this share had been trading what valuation would it have now?
I would guess
For what it's worth I've just emailed Bill Trew (bill@maed.co.uk) via his Paracale Gold email adds requesting any info with regards to the debts being called in, low gold pour etc . Obviously little hope of him responding and it's feeling like this was engineered for failure but then again Bill is an investor via Paracale Gold............I'm almost writing this off as another foolish penny stock investment but holding out 10% because of Bill's interest at Paracale Gold but I can't help but think that this has been pre-planned what with the recent accounts issue!
Good luck all, as luck is our only positive with this share!
I'm not sure I'm following the implications - my read is similar to the other poster's who said they're preparing us for a total loss. Is there reason for hope here?
And the other principal investor is Paracale Gold - where Bill Trew is also the main man. Some posters don't appear to realise the ownership intricacies 🙂
It's very relevant that this entity is GRL's main shareholder....
(;´_ゝ`)
Be careful way you wish for Cbax….Emma answered with what I fear is the final nail in the coffin and my GRL investment up in smoke.
That gold pour is pitiful given they have spent the recent placing money on “improvements” 😂.
Looks like AIMS have had enough….and rightly so. I’m sure they could just take control and get someone competent in to do it.
They’ve blown the money, jack all left and can’t produce any meaningful gold to clear the loan.
They’d be best off just applying to be on gold rush and get paid to put this farce of an operation on tv for us all to laugh at.
They won’t find any good funding options in this climate. AIM is on its a*se.
So congratulation Emma and Co on the calamity and what really annoys me most is that they never once just stick their head out and admit they couldn’t do it. She hides behind radio silence with no accountability.
Well they have galloped down the road. Not the knight in shining armour to rescue us but to thrust the lance through our hearts.
They a preparing us for a total loss.
Just a holding communication - but gold is being poured!
(;_;)/~~~
Hi Emma . Any news please ?
No further meaningful comms in respect to reinstatement of shares since the 19th September.
Shares were supposed to be temporarily suspended from the 3rd July. We are well past three months and I don't classify that as temporary. BoD have shown total contempt for their PIs. I wonder if it's the same for their IIs and major shareholders.
General communications have been extremely poor and hope the next RNS is meaningful as otherwise it's not a share for me. Should have exited last year but there is a glimmer of hope they can sort out gold extraction issues.
Fleeced again by con men never again
That this bunch of jokers noted in the last operational update as the timeframe for the accounts. Still nothing….
Then we still need the half year accounts to be published before this can relist.
Absolute farce
It is a very odd situation as no update on the accounts to be relisted again but good to hear they've renegotiated the loan extension which means they haven't given up on shareholders just yet but the very short extension timeline makes no sense unless..............they're about to deliver a motherload of gold (unlikely), or they are looking to get another loan to pay off the existing loan, or they're just buying time and hoping they win the lottery , or that was the best deal they could get and hope to renegotiate again when they fail to deliver and probably will get a penalty or higher interest rate on next loan deadline (most likely outcome). A right old mess and very frustrating but there's still a chance we may not lose everything yet!
I’m
Wondering if the theft at the mine a while back was reportedly. accurately . It could have been slow playing .
Hope I’m wrong and this comes good . Because I have a lot in here
I would think you are right waimea...such a short extension based on the shambles that has been GRL so far, would suggest AIMS are at the end of their tether with these chumps and sick of giving them chance after chance.
"The Company can report that for Q3 2023 to date, some 652 ounces (20.290 kilos) of fine gold has been shipped." Was from the corporate update in Sept. Could they have sorted enough of the issues to get enough gold in the next 2 months to pay it off?
Highly doubt it. I would hope if there is a renegotiation, which would be on less favorable terms I'm sure, GRL pay some of the outstanding amount off with what they manage to produce....
But with Emma and these numpties, anything is possible!
I take the shortness of the extension to suggest some kind of renegotiation. At this point, as long as it doesn’t go to the wall, I guess we should be happy.
Or perhaps Apex - the other significant shareholder - may step in. But we must await the Bill Trew plan....
(((^_^;)
... I don't see any good news here other than the fact that GRL haven't actually closed the doors yet. This time last year GRL still owed 1,924.61oz and had paid off 675.17oz, which suggests to me that nothing has been paid back over the last year as only 675.17oz have been repaid to date. It's laughable to suggest that they have the right to pay back 2,000+oz earlier at their own convenience when they've just obtained a 5 week extension on the loan, or has there been massive production that we've not been informed about? Methinks AIMS is going to become the new owner of GRL at the expense of small shareholders.