Member Info for CHRI5P

If this a joint offer then I think the big investors are on board and 67.5p it is. I am lucky I will make money but I feel for those who won't.

The SP is still quite a long way of the 67.5 p price which has been put forward which would suggest there are no investors willing to push this further. M&G have changed their manager on December 31st 2020 and so they might wan a bit of a change around and could see this has a way out. Additionally, they might have now been approached and asked if they would accept 67.5p or what they would accept and so you never know we could get a higher offer tomorrow. The board know that M&G are key and they can stop this offer if they feel it is not high enough. Putting an unofficial offer on the table lets management know what it will take to see it over the line because I get the feeling that they want out.

If M&G were going to stop this then I suspect we would have known by now. They owned 25% before the last placing so the might have got diluted then. They also bought a lot of shares at 25p, 2 years ago so they will be in profit at 67.5p. If M&G are on board and I suspect the directors have talked to them then if this offer if formalized it will get through. I bought some more today because there is a short term profit with a slight possibility of an even bigger prize in 3 or 4 years time but I doubt if the latter will happen.

I am surprised that the SFR deal has not completed due to the goodwill investment made by SFR when they purchased 4% of GLR at 2.65p a share which demonstrates that they must have seen value in GLR and a possible takeover in the future. I suspect it just a delay and I also suspect that if the drilling has started then CB realises that we cannot wait for the money coming through from the 2 deals to pay for the drilling. The potential is still huge at this price and I also suspect CB is wanting all the bad news out of the way for a rerate in the SP. Will buy more when funds are available.

Both Zinc and Lead are close to hitting 3 year highs which will be good news for possible funding and the profitability of the mine when that happens. However, the possibility of them going much higher is pretty strong and to me this along with the drilling results and the positivity from the authorities is what will shift the SP which over 6 months has been quite flat.

Yep OILTAP I would buy buy more if it keeps falling. The potential is huge but I also feel the risk of an imminent placing is low due to the money in the bank, and the 2 deals done this year. Not many AIM miners can say that however, prudent they are at spending what cash they have in the bank.

Thank you Moneymaker2015 for giving it how you see it and I hope it goes well for you.

A placing is coming and if they want to get the exploration to indicated stage (not at inferred yet) you will need a huge amount of cash or a a partner and give away a huge piece of the assets. There are much better copper plays out there in my opinion so I will stay clear but if you it the jack pot well done. I will not be back again and thank you for your answers.

A serious question and hopefully someone will give me a serious answer. I have looked into the accounts and KAV had £2.1 million in the bank and have exercised warrants since then but I can't see any other forms of raising cash, so my question is where is the money going to come from to pay for all the drilling required and have I missed something here because I am a fan of copper?

The beauty of AIM Mining is that some miners are way overvalued and can only go down and some are so ridiculously low that they have the ability to multi-bagg and usually they're so low because they have fallen because of delays and constant placements and so PI's leave. However, I believe GLR are in prime position to multi-bagg. There's no II's to do the research instead you have PI's following the crowd without any real knowledge. Post to post this board is up there with the most informed.

We are cheap compared to KAV. I MO

Yesterday I think was a very negative day on this board by the number of filtered posts so not surprised we have a fall today. If the drilling results come back positively then this will be a huge buying opportunity.

The company is worth just £6 million and for me this shows huge potential of a substantial re-rate. I am confident the company is looking into finance but the copper anomaly might be delaying things a bit. Do we have enough of it to add value at this stage and when we see copper up 35% so far this year alone it would be bonkers not to do analyse more and I agree with Bricks that this could be the value event. The authorities are well behind this mine and the location looks perfect.
Patience are needed but I can't wait for the drilling results because this might well be the value event if copper can possibly be added to the inferred list of resources. In time the indicated and proven resources might be much higher than we could imagine and this could be very good for the SP. At £6, million to me the risk is extremely low compared to other miners out there but the potential in this are is beyond the imagination. A massive buy in my opinion.

Before anyone discounts a special dividend you have to realise it takes time. Even if they announce the substantial sale (<75%) today it will need to go to a vote at our end. So the ex dividend date is at least 2 months away because the company will not get the money for 2 months. I have bought more today because it all makes sense. The resolution to raise money was so that we could further the JV - we just didn't want to wait for the sale to go through and it demonstrates to the credible company that we are just has credible. The 26.5p placing shows this company is worth 39p minimum to the institution involved. This is going to be big and we have just laid down 3 aces.

HappyScott no one believes you your post was utter nonsense everyone accept you realises you almost always have to pay a discount to get funding and quite often it is 20%.

HappyScot Please tell me the companies because your comment makes no sense and a statement like yours needs proof or it is just de-ramping - EUA have had 2 in the last 12 months?

HappyScott you are very wrong it is so unusual for a AIM company to not have to give a discount and the placing was so small and had nothing to do with MT or WK.

No discount and we could have had more if we wanted. This is big because the II wanted 3 % of EUA and they knew if they tried buying this % of shares on the market the SP would have spiked. Themadstork will not be on this board today because they have egg all over their stork.

The company is using twitter to announce themselves because they don't have anything to RNS. So not complete radio silence but not in the much of big news or 'a value event' which is disappointing. However, I think management have increased their communication if only by twitter.
To me it is all about what resources we have and what price they will be when we are negotiating funding and when we are actually mining. Talking about the uses of zinc is good and we all know silver is massive in the demand for electricity but copper would be the icing on the cake. Unlike Shed I don't worry about the negatives because there are quite a few and with AIM mining that is the norm. What I do worry about is do I think EUZ can multi-bag by at least 10, is it viable, what we already know and the current valuation of the firm is it realistic to even dream such an outcome? I owned BCN a lithium minor which has a major partner and will definitely mine lithium and is the biggest lithium deposit in the world but I sold out at 45p not because of the risk of the price falling but because I just did not believe it had a chance to multi-bag by 10. BCN has now accepted a takeover for the company by the Chinese major and the share price is up 25%. Am I disappointed I sold not really because the company had limitations but for me EUZ doesn't even it means there are still very high risks I am invested in a possible 10 bagger and that is why I am here.

Kira I think we were getting some money upfront to develop the MT site which some people posted wrongly that this where a dividend payment would come from when DS mentioned a future possible dividend payment in November 2019.