Member Info for CHRI5P

Yes this is the news we needed but the Fed also gave good news. Zinc is at it's highest for the year and with the fed increasing in effect it's inflation target then base metals such as zinc are going to let RIP. LR does have the project to fast track with things starting to line up.

I think base metals such as zinc and copper will take off over the next 12 months. The Fed has in theory increased it's inflation target by going to an average of 2% . This basically is saying interest are not going up for a long time because the Fed will leave rates low even if we get inflation spikes do to commodities rising. This could be a powerful cycle for the mining industry and GLR is looking very good.

Agreed Gizzard

Agreed shed I'm more positive about the new investors putting £1.5 million into the project and with no warrants attached. It feels to me rather than a desperate placing it was a constructive one for a positive conclusion.

SXX

It should not take 4 years infact and how did someone come to that conclusion. When everything starts to line up with the commodity in question rising and the viability been shown things will move very quickly. In the last 10 years things have moved slowly but they have moved we are not starting from scratch. For me the best time to sell is when most of the finance to build the mine is in place not when the commodities are being mined because a fall in price of the commodity, mining issues and the debt taken up increases the risk of bankruptcy just look at SSX.

Trade it really does not matter how good the mets are initially for the banks to lend to EUA (it is far too early) but it tells investors that the project is viable and the economics make sense. The bank's normally get in when we have a production license and all the t's are crossed. Additionally, at that stage we will be worth north of £50 million will institutions wanting a slice of the pie. At this moment we are still at speculation stage but the mets results might change that. I do believe the placement was a vote of confidence and that the new investors must see something at the moment some LTH's are not. Yes I still think we will be worth £50 million but it will take longer and yes I won't make as much due to the dilution. This is AIM mining and you should expect to be disappointed and overwhelmed when the ducks do line up. P&D happens all the time and it will continue. However, the investors who make the most stay to the end in the right company at the right time of investing (post consolidation was that time) but you have to decide if EUA is the big ticket and the mets results should help you and everyone else decide.

The flanks news was basically a done deal and if we had been rejected then a large fall would have been huge. Remember we almost rose to 20p when we came out of the suspension so rising to 22.5 on the news of the WK licence was not really as big a rise has yesterday. The social media had already let the cat out of the bag yesterday which did not give the management time to give a full response and also confirm the resources that can now be identified.
I feel we will get an update on the licence and any other licenses that we are applying for. I feel the intervention from very savvy investors may have diluted the announcement.
What we need to think about is what premium a future buyer is willing to pay over the share price which I think will be double so at today's price is 53p. Investors need to realise that management is trying to release information to walk the share price up and we need to be careful we don't get in the way and force their hand - remember they have a lot at stake and want the top price. To me this is what they have been doing magnificently for the last 10 months ever since they announced talking to 2 worldwide banks. I expect this will move up a bit tomorrow but patience, please.

Agreed SHed - if management told the DBA and co we think there could be good news around the corner then what other news could be about to be released?

I would not surprised if we don't get a push at the end because that's what normally happens.

I also think CS didn't want to do an RNS yet but had no choice, hence a bit vague. The most important part was that there will be more news soon so there might be another RNS before the end of the week.

I would not be surprised at all if the mets results are not out tomorrow to show are new shareholders we have the beans

What we need to realise is that the commodities we need to go up are starting to rise which will mean the viability of all are projects with escalate and CB is all over this.

Mac4671 I commend you.
The placement is the most positive I have been part off and last time I heard of one with zero dilution was for a tech company that didn't really need the money but the Institutions found that they were unable to buy on the open market. For an AIM mining company to do this it is unreal. This is a statement of intent it is telling the future buyer pay up or we will and can do this alone. Ian you are completely missing the point most AIM mining companies raise through a placing with a 20% dilution, warrants attached to pay the directors wages and do more research - this is clearly not EUA.

I don't expect the money to be spent before the sale but it is saying to the future buyer we are not in any hurry we are going to get on and increase our profits in WK , wait for the licenses and by the way MT is fully funded. In November the directors made it clear we were fully funded at the current capacity at WK and it was to let future interests realise we are not going to sell on the cheap.

This is all about a poker game and showing enough of our hand and our demeanour to those who are in the game that, can a future buyer pay enough to buy the pot. To stop us going alone or someone else in the hand stealing the pot from under their noses.

I read all the RNS's last night and Concordia did not go well in the end but we still own 15%. Otherwise, due to fall of gold 2013 and no real rebound until 2019 and silver and other base metals and other commodities have followed a similar path mining in general has been extremely difficult and even more so for smaller miners. However, what the de-ramper's fail to grasp is if we are in a base metals cycle like in 2009 then a share like GLR has the potential to multi-bagger many times because it has many projects to be exploited and directors have a lot of skin in the game and will want to move fast especially CB. If anyone listened to CB it was is opinion of this cycle which gave me confidence. In the next few years I want to be invested in copper, silver and zinc.

Jedster I think you should contact the company with your concerns because realistically they're the only people who can answer them but please do report back.

Shed I inferred no placing from an interview not from what anyone said on this board but it was a wish washie comment not a 100% no placing

Question if DBA are following EUZ so why did they not buy at 5p? Answer they would not have been able to get 6% and they would have pushed the price way way above 12.75p. DBA must see value at 12.75p.

Oil good article and is what I have been thinking. The article didn't mention the over production from the big 4 miners after the surge which they now say was a mistake not to repeated. So with demand rising this could become a longer cycle than last time.

I still think the jury is out on the shafting.
March 2019 shareholders were shafted and yes there was reasons for LR to resign and then the share 4 bagged in the next 4 months!
This time LR has got twice the money for a lot less dilution and the project has moved on. I am disappointed about the extra work needed to be done and this would always have been needed.
This is mining.
DBA are out for a quick buck so they must see value short term the other investors could be longer term but when the work is done and we can confirm to the world of mining next year we have a 100% mine ready to be developed and no more placing swe will finally see the benefits.
This project is much closer to an end than March 2019

I still think the jury is out on the shafting.
March 2019 shareholders were shafted and yes there was reasons for LR to resign and then the share 4 bagged in the next 4 months!
This time LR has got twice the money for a lot less dilution and the project has moved on. I am disappointed about the extra work needed to be done and this would always have been needed.
This is mining.
DBA are out for a quick buck so they must see value short term the other investors could be longer term but when the work is done and we can confirm to the world of mining next year we have a 100% mine ready to be developed and no more placing swe will finally see the benefits.
This project is a closer to an end than March 2019