Member Info for CHRI5P

JMA I don't think Myles will have a clear answer and due to EUZ being traded on the JSE I don't think he can give what could be subjective information.

I think the 1p was money not required and it will depend if we need to sell anymore Denarius shares.

Hopefully the RTO can be sorted in a month or two.

So someone doesn't want £3,5million from the warrants. If we do get a sale then the SP will rise substantially and the warrants will be exercised and cause dilution. You can't make it up. Unless you think there will be no sale or any good RNS's then yes the warrants won't be exercised. So why not sell up?

From the 15th Dec RNS:

“The Company will, subject to an adjustment to reflect the number of Denarius shares held upon completion of the Marula Acquisition, issue 9 new Shares for every 1 Share on issue. Marula Mining plc intends on distributing these Shares to its shareholders.”

This suggests that there will be some Denarius shares left and will be dished out on completion of the RTO.

The RTO is also being paid by Marula not EUZ

In the EUZ accounts we had £150,000 of debts

I suspect we don’t need to sell any Denarius shares but not guaranteed.

I would not be surprised that Myles would like to own some Denarius shares personally.

The other part of the statement says EUZ will issue 9 shares for every 1 EUZ share and Marula intends to distribute these to shareholders. This to me definitely shows that existing EUZ shareholders will own 10% of Marula Africa in the deal rather than 3%.

We should applaud that licence 253 is still in play instead of being infatuated on a definite sale by Feb 17th. I would like a sale by Feb 13th but it needs to be the right deal and so would not care if it came on 17th February 2027. Good RNS results and a sensible following will get us well past 2p and will allow us to receive £3.6 million in funding from existing warrants.

These initial drills don't usually find copper rather an indication it is there

We find copper in our most important licence location wise and everyone is asleep. I will say it again this board is too focused on a sale rather than the actual data results.

Good drilling results for a fist drill.

The 1p is funded from the £1.5 million. There are 102 million shares outstanding.

The RNS stated 2 million shares 6 weeks ago so around 0.75p's worth of Denarius shares

From the RNS's and what Myles has already said there was enough cash to pay 1p without selling any more Denarius shares. However, that doesn't mean that no more shares have been sold.

Myles replied to an email from me saying all axsets will be distributed to existing EUZ shareholders prior to the RTO starting and I thought the statements for the capital return inferred that any Denarius shares left would be distributed when the extra new EUZ shares are given to Marula Mining to distribute to thier shareholders.

Myles did say they want to do an RTO which implies if this on falls through they will look again and so some assets might need to be retained at this stage. The RTO might still be 3 or 4 months off.

Yes 11:00 am SA

So resolution 4 passed and we should be receiving at least 1p on the 13th February if not more.

I think the main issue is too many investors don't understand the AIM market and should invest elsewhere.

So EUZ have said we should get at least 1p in December. Denarius shares have gone up and have fallen this week. As Myles sold more and could we be getting a bit more than 1p? A big day for EUZ tomorrow and all fingers crossed.

January is usually a busy RNS month and quite often there's one on my birthday but not this time because it is on Sunday. The funny thing is we might get a great RNS on the work that's being done but because it's not the deal the SP falls. I think we are all reading too much into the assumption a deal will be done in the next month because the chances are that it will take longer if we want the best deal.

Copper is looking good a long with Lithium and we have the money in place for this year. If the SP rises to a much more realistic 2/3p because investors understand the immense quality and quality of assets we have and BZT's rise is an indication this will happen most of the warrants will be exercised and we get another 2 years of funding.

The point is that we definitely should not be in any rush to do a deal when there really is no need.

Well TT I bought a lot between 1.2 and 1.4 p so 1p would be a start but not counting my chickens.

3p is my average so maybe just maybe I actually make something in the end.

Trumptytrump or is it BB, Highside the man who lost 99% on a risky share he didn't understand.

BZt as one small OP mine to start with and then they will have a huge amount of probably expensive debt to extract the deeper resources. BZT is fully valued and well done those who have trebled their money. The risks are high and the reward low. GLR as no debt and 9 potential huges assets. So risk low reward extremely high.

I am a EUZ shareholder and will not comment on the Marula past.

From reading RNS's I thought I read that the financing required Marula having a listing on an exchange like AIM. New Marula will also have tax losses relief of around £20 million from EUZ.

There is a time limit on any RTO via AIM regulation of 6 months so I believe the RTO would need to be in place by May 6th.

The vote is for the capital reduction but the statement also mentioned the RTO. The RTO vote will be in March or later.

Coyote you are posting some great and factual work, so thank you.

I on the other hand am moaning too much about the moaners who I expect are posting nonsense.

When watching CNBC a stock broker gave information on a report that due to the massive roll out of data centres by 2040 the amount of copper required will be 50% higher than today and we are already in deficit. The plain fact is that AI will cause the price of copper to continue to be in deficit for decades.

GLR needs to think long-term and hold out because the future is copper.