Member Info for banjomick

Well that was a much needed, more detailed and realistic Operational Update as GRL move forward through 2026!

Just had a quick look at the rainfall, not sure if it was higher than normal but by the look it was high, you can change the month about middle of page from link at BOP:

Rain 🌧️

Ashanti experiences heavy rainfall in June, with over 20 rainy days and an average total precipitation 207.5 mm.

Rain 🌧️

Ashanti experiences heavy rainfall in July, with over 20 rainy days and an average total precipitation 128.4 mm.

Rain 🌧️

Ashanti experiences heavy rainfall in August, with over 20 rainy days and an average total precipitation 153.1 mm.

Rain 🌧️

Ashanti experiences heavy rainfall in September, with over 20 rainy days and an average total precipitation 244 mm.

hxxps://www.easeweather.com/africa/ghana/ashanti/september

The naysayers are correct in that GRL, at the present time, aren't doing themselves any favours in offering a great case for anyone to invest in!

GRL meeting or realistically getting no way near to their 'Target' figure has seen the decline in SP through 2025 which was made worse by AGM shenanigans and then the uncertainty over the AIMS issue over the last few months!

At the present time GRL haven't updated the market with any production figures since the Interim Results (30th September) but last month they have strengthened the Board with two independent non-executive directors and the AIMS agreement has been re-negotiated!

Therefore a lot has happened in a few weeks and now GRL need to show the market at least a steady increase in gold production through 2026 whether that be by monthly or quarterly updates. The SP has already reacted to the recent RNS statements in a positive fashion and I see no reason for that not to continue IF they can achieve said gold production! GRL are in a similar if not improved position to the start of 2025 so exciting times.......possibly/hopefully!

Re ' or are the gold grades not actually good enough?' It also possible that the gold grade is as stated but the process may need altering slightly which could be adjustment to the size of the crushed ore, how much leaching solution is used or even the curing time......but I'm no expert so feel free to add?

Depending on how many tests they did to arrive at the expected 1 g/t grade could be an issue too!

All GRL have to do is mine where there is consistently high gold grades...there you go I should be on the board as it's as simple as that! :-)

HI ID78, I think you answered all your own questions with: ' or are the gold grades not actually good enough?'

HC, you appear to be getting very annoyed of late! The last update was 3 months ago within the Interim Results for the end of August.

GRL have recently released news of the re-negotiated terms with AIMS which had previously been made a major negative posting activity by a few spewing out it would be end of GRL ect ect ect and for what reason I don't know but they have been proved wrong yet again!

I'd expect an update by the end of this month and then on a quarterly frequency as any normal mining company would!

So cheer up HC, it's a New Year with forecasted higher gold prices and hopefully GRL getting somewhere near or even exceeding their 'Target' during this time......

Hi Corr, "Chris, an AIM listed gold mine in Ghana is, by definition, only one for the most risk loving! That’s been the case from day one." That's exactly right and it's up to the individual to assess the degree of risk/reward they are willing to take!

GRL even stated in their 'Risk management" section of the Final Results "Development and mining for natural resources is speculative and involves significant risk. "

The Interim Results were only three months ago:

Produced 2,917 ounces of gold to the end of August 2025.

• Significant infrastructure upgrades, paid from cashflow, have enhanced long-term capacity.

• Focus on delivering production targets with 48,000 tonnes per month of agglomerated ore delivered to the heap leach pads.

• Gross profits in the period increased by more than 200% versus H1 FY24, supported by the strong gold price during the period.

• Liabilities reduced with the successful conversion of the Loan Note on 28 January 2025.

• Cambell Smyth, who brings over 30 years of experience in fund management, capital markets, and corporate finance, appointed as Interim Chairman.

Yesterday GRL confirmed the "Gold Loan Standstill Extension" with Asian Investment Management Services Ltd ("AIMS") which was great to hear as a few posters on the BB's were scaremongering with all sorts of scenarios and they have been proved wrong yet again!

2025 has been disappointing in regards not getting near their '1,000 ounces per month target' but they are producing gold in an era of a strong gold market which is set to continue! I'm looking forward to 2026 and see if GRL can get production up and keep it there but not as a "long suffering investor" but one who knows the risks involved!

Hi boo, I don't believe they take any silver out as a byproduct but I could be wrong. To be fair they just need to concentrate on the gold production side and get the volume up, especially with the current POG which is forecast to carry on in an upward direction through 2026!

Great news this morning and all sorted without any messing about, well done Emma and team! Onwards and upwards GRL.....

GG, was there any need for that! It's Christmas! :-)

Well, we have 11 was 12 but Betty Blue died last month! Anyway onwards and upwards!

Hi Corr, I apologise then.

And another gem from your good self:

"trader465

11 Oct '24 - 21:26

Nobody has paid me a penny since I got fired for losing other peoples money way back in 2008.

Much the same as crooked Angie, except I was less dishonest that she." :-)

corrumpo, i believe we established you are trader465 on advfn and you say: "fyi i am not buying or selling any more. i’m massively down and hoping they bounce back."

"trader465

13 oct '24

contrary to some queer/*** peoples beliefs i hold a very, very small position here.

if the price falls i will exit the trade for a very small loss, however, if the price rises i will add and average up at 5% intervals.

i don’t hold much hope here, i expect to lose a little, but if my bearish view is wrong i hope to make more than i lose.

trading is simple, but difficult for simple people."

so what did you do between then and now, you must have obviously bought more as you are now "massively down" or is that just in percentage terms or as you stated did you "if the price falls i will exit the trade for a very small loss? :-)

Cheers, it's been a long time unless I'm mistaken that Manuel Llobet has done an interview, will watch later after tea time pub drinks:-)

Great news this morning:

Allergy Therapeutics granted marketing authorisation for Grassmuno® (Grass MATA MPL) by the German regulatory authority, the Paul Ehrlich Institut

- Regulatory approval in Germany follows submission of comprehensive evidence package of quality, safety and clinical efficacy supporting innovative subcutaneous immunotherapy (SCIT) designed to address the cause of symptoms of allergic rhinoconjunctivitis due to grass pollen

- First subcutaneous grass-pollen immunotherapy approved under Germany's TAV programme

- Commercialisation in Germany anticipated Q1 2026

- German seasonal allergy market is projected to reach ~US$1 billion by 20301

- Company continues its expansion strategy for the product with potential for regulatory submissions across other major global markets

Manuel Llobet, Chief Executive Officer of Allergy Therapeutics, said: "The regulatory approval of this state-of-the-art short-course aluminium-free immunotherapy is a defining moment for Allergy Therapeutics and for the future of allergy immunotherapy in Germany. Grass pollen, a common cause of seasonal allergy, significantly impacts the lives of many people and new treatment options are desperately needed. Grassmuno offers an effective, convenient treatment option for people living with a grass-pollen allergy, and its authorisation under the TAV regulation validates our clinical excellence and commitment to quality. It also validates our MATA MPL platform concept and establishes a strong foundation for our future expansion strategy for this innovative and disruptive immunotherapy with allergens such as birch and ragweed across other major global markets."

HC, I'm not the one getting their knickers in a twist over it all! So put them back on and make me a cup of tea :-)

Talking about 'dark clouds', you can tell I've been rained off today!

HC, there's certainly a big dark cloud over your head today!

In their defence they, as you stated gave monthly reports on gold production until June with an update in September! Therefore, as you put it, they did shout from the rooftops even when missing their targets!

You also stated: "It is not hard to picture what mayhem is going on behind the scenes as they scramble to stay solvent." that is just juvenile scaremongering on your part!

As I posted earlier: From the last news release ie Interim Results (30 September 2025) :

"This expansion will provide the additional capacity needed to support sustained growth throughout the remaining months of 2025 and into 2026."

Hi GG, I wouldn't be as dramatic as stating the company has 'lied' but what they have done is miss their targets!

From the last news release ie Interim Results (30 September 2025) :

"This expansion will provide the additional capacity needed to support sustained growth throughout the remaining months of 2025 and into 2026."