Member Info for CHRI5P

Tbow112 the RNS's from both companies do not say the same thing on the actual transaction. The Marula RNS does say 9 EUZ share per 1 Marula share. Reading the statement for what EUZ shareholders are voting on it infers EUZ will issue 9 shares per EUZ share for Marula to distribute to shareholders.

Getting a bit nervous and the SP collapsed on the ASE.

The only thing I am quite certain about is getting 1p on 13th February and everything else is still very uncertain.

The SP on the JSE as fallen back in the last few days due to the possibility that the RTO doesn't go ahead. This RTO is needed for both sides. It is the last chance for EUZ to start a recovery. Yes fingers crossed Shed.

Happy New year Shed

The moaners just want a 50% SP increase and then they will hopefully sell out and the disease will have gone. This could happen regardless of a sale in the next couple of months.

Exactly FS

Luansobe is currently the jewel of our assets and if we don't sell it could be a huge cash cow going forward.

If we sold it for £10 million which would make the moaners happy yes we would get a spike which would allow the moaners to sellout but the warrants will still be exercised. We would probably go buying more licenses with £13.6 million cash in the bank. We need to make £25 million realistically to be allowed to pay a dividend. So selling your jewel to satisfy a few is bonkers and reminds me of G Brown selling the gold at the very low.

We have only been diluted by 15% not 30 until all the warrants are exercised. If all the warrants are exercised we don't need a placing for an extra 2 years. We don't necessarily need a sale we just need some sensible and intelligent followers

The price of copper is not at all reflected in the SP. I would suggest most people believe that GLR have nothing in the ground - the moaners are doing a good job of destroying the SP price. However, once the moaners sell out and leave we can rebuild the SP. The assets we have could easily suggest a 10p SP. Nevertheless, PI's are fickle and need to see the SP rise substantially before they commit. I believe we can easily rise to 2p with no sales at all. All we need is a decent following and a few more good RNS's on drilling results etc. If we rise above 1.6p the warrants kick in and that is £3.4 million. We have only been diluted by 15

Denarius up 12% - almost worth 1p a EUZ share

MM

At the moment:

We get at least 1p at around 10th February. More if more Denarius shares are sold.

We get the Denarius shares handed out currently just over 2 million.

If the RTO goes ahead and only if it goes ahead the EUZ shares are relisted.

The RTO means current EUZ shareholders will own 10% of Marula Africa which is owned by Marula mining.

On relisting there should be around a billion shares.

The value of Marula Mining was around £11 million when they were suspended but the RTO and cheaper long-term financing + the announcement of potential dividends in the 2nd quarter should IMO massively increase the value of Marula Africa.

EUZ could relist and trade at 3p IMO.

To make it as clear as possible if the RTO does not go ahead we will not relist again.

Marula Mining have just issued an RNS stating the exercise and extension of warrants. I don't think this would be allowed if Marula Mining shareholders were to receive 9 EUZ shares for each Marula Mining share. Because it would be increasing the dilution for EUZ after the deal.

JMA there have been many small trades over the last few months but they have been over 4p. I suspect they are outside the market some how.

My opinion is that we are issuing 9 new EUZ shares for everyone which currently exists. So the number of shares will increase by a factor of 10 or 1.02 billion. Marula would be getting a lot for 10% of Marula Africa. Such as 2 listings and £20 million of tax losses.

Coyote I expect many LTH's have bought in at GLR at the wrong time and blame CB rather their own research. They should blame themselves and make a judgement call to ignore so called rampers and sell out if CB is not up to it or as too much on his plate. However, this is too hard for them and would rather try and spoil it for other shareholders. They probably have lost so much that they don't have that much in the game. They get satisfaction from laying a few punches at CB rather than admitting their own failures.

Denarius up 4% again which makes them worth 0.83p a EUZ share. So with the 1p cash back means 1.83p and the New Marula shares which could easily north of 2p.

Cardo I am up on GLR but I would risk it all to keep my ultimate goal of at least 10 bagging which is a lot lower than my target price of 20p. If CB sells Luansobe for £10 million which many on this board would except but I wouldn't. There are many on this board who will sell out totally at 1.5p but not me. The moaners want a short term spike regardless of the long-term benefits.

Cardo in an ideal world you might be right but CBis not paid a salary of £300,000 and there are huge waits with drilling results with most exploration companies. Many of the CEO's of these AIM exploration companies do very little in a year and CB IMO demonstrates this in spades.

The BS crowd are full of it

Marula Africa as one shareholder not 300 odd million which is Marula Mining. Marula Mining will own a ratio share of the new company of 9 to 1 or 90%. That 90% of the new company will be shared between Marula Mining shareholders.

N99 that is what I thought but read the RNS again!

Marula Africa is owned by Marula Mining.

EUZ are taking over Marula Africa not Marula Mining .

EUZ shareholders get a ratio of 1 to 9 in the deal so Marula Mining Shareholders get 9 per EUZ shareholders receiving 1 or 90% and 10% respectively which is what is being reported.

Existing EUZ shareholders will ineffect own 10% of Marula Africa after the RTO while existing Marula Mining shareholders 90% and the EUZ name changes to New Marula.

A good report which reminds and explains in detail the massive potential on many fronts. The loss for the 6 months was much less than I thought considering the work carried out.

There is no update on any potential deals with Kash^tu or Luansobe but to be honest I was definitely not expecting any major moves in the half year results. An RNS in it's own right would be required.

I am expecting around £66,000 in February and if the GLR price stays below 1p I would be buying millions more. So any major RNS I hope does not come in the next 7 weeks.

CB bought some more BZT but that is no reflection on GLR because with negotiations on many fronts ongoing he and other directors are banned from buying more.

The impression from the results is that we're not going to sellout on the cheap to satisfy a few moaners.

Merry Christmas everyone and remember it only takes one of the nine assets to put a rocket up the SP.

Finally, dilution is far better than debt for an AIM exploration company and so CB I am very happy to dilute the SP to move the assets to a sale or production but expensive debt kills off AIM exploration see RMM, HZM, PREM and many, many more on AIM.