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It’s certainly true as you/MM point out that it would have been better to have a firm timeline on JORC release. The agreement does have a timeline on exploration drilling. Some contingent commitment to a JORC at the time may have added clarity.

No 3cardbag, happy with the 3m upfront to keep us going without diluting all of the assets. The long term potential reward is still an exploration risk and other assets should multiply the value of this GLR well before

Of course…that assumes the Bottswana authorities give their consent by the Sept 2026 long stop date. Maybe this is why the contingent funding is in place on similar time scales just in case?

Agreed JL ..we seem in good shape now and all credit to CB. It would be good to have an update on Luansobe but personally I am more reassured and patient for now giving this non-dilutory cash injection.

This is a great deal, everything several “moaners” were calling for to carry us through to what is now hopefully within spitting distance

Er…you spent the last two years lambasting anyone who had the temerity to suggest off loading a stock before it achieved full value, even at the expense of dilution, and labelled everything they said as a fire sale

Yes and notably there is a clear timeline on the exploitation drilling. Not sure what happened on the previous 2021 deal .. whether exploration was carried out or just kicked into the long grass.

Well done indeed GLR. This surely underpins the development and materialisation of the other assets which are so close to crossing the finishing line

MM…Chrisp for some reason always misrepresents the suggestion of sub optimal to mean a fire sale.

Also I do not think Molefe.will raise sentiment over the next few months…maybe by y/e. However share price sentiment does not pay the bills and prevent dilution although it may help mitigate the effect of dilution.

C’mon CB, please close a reasonable deal on Luansobe which does not require any dilutionary funding or accept a sub optimal offer on KCB or Kamativi. No more dilution..it should not be necessary.. you worked a few good deals previously which kept us funded allowing the big picture to develop…more of tha same please

Regarding our contingent funding agreement. Best part of a month since the first drawdown was available. I presume we have not yet made this drawdown as it would be accompanied by a share issue at the 5 day VWAP.. ..such a share issue by definition is market sensitive so would surely require an RNS?

I am a rather surprised and annoyed that they could remodel the valuation our most advanced asset and not inform shareholders for two years - weren’t they regurgitating the out of date 2022 model during this time. In the meantime they have two cash calls.

Interesting presentation. I do not recall any RNS describing the 2024 block model re-evaluation of Luansobe. This model combines op and intermediate in single resource and surely changes the valuation.

Thanks Wwt, JL and Bup ..makes sense. Hopefully we will hear from GLR within the next month that they have fulfilled their terms and earned the 23% of Molefe mine as defined by Bup. Phase 2 drilling expansion does sound promising for another agreement

Bit confused about the scope of the GLR/JLP collaboration agreement. As I understand the 23% earn in applies to the current Molefe district and the drilling must be completed by July 28th. RNS states phase 2 drilling extends to greater Molefe and results due Q4 ..is JLP phase 2 drilling beyond the GLR agreement scope?

Molefe has a lot of potential but for Gzl monetisation wise it is next year stuff. Luandobe status please ?

Yes JL I wasn’t meaning to suggest GLR were sharing these increasing costs. However these costs need recovering by JLP before GLR shares profit so the increasing costs push back the timeline for GLR income.

With JLP costs soaring it will be a while before we derive income from the current agreement. Likewise Ferber ..drilling has yet to start I believe. Seems Luansobe is our only path to avoid further dilution. How far Has the dashed hope of Feb agreement put us back? The Co needs to update us pronto

C’mon GLR do something to support this share price

Nobody knows until the company updates us. What we do know is that the hope to finalise deal by Feb fell through.

It wasn’t an observation..it was unsubstantiated claim, completely childish and exactly what you had pontificated against shorty before.