Member Info for CHRI5P

The AIM market for me is worse than a roulette wheel betting on red or black. Because at least with red and black the outcomes are known with green being the outsider. With AIM you rely on people who lose money 70% of the time. I think GLR is worth 6p today compared with all the other AIM exploration companies without any new information. I just believe until you reach a market cap of £50 million the professionals don't get involved. So we really on idiots who are destined to lose money on other poor AIM companies that will fall. The AIM market is what keeps GLR down.

My target price for GLR this next year is 6p but it could be much higher depending on what deals are done.

BS yes I think we are waiting for the right deal on the OP and that could mean drilling on the deeps before we conclude a sale. However, we could sell Shinganda, the NW, or all the Zambia assets altogether. We might get an offer for the Kalahari licenses, Kamativi or/and Nevada. I suspect anything and everything is for sale at the right price and having so much liquid assets will make that happen.

If you read the post summary of Luansobe at the end it states we intend to part drill both deeps (see Feb 2023 RNS). We are looking to increase the value of Luansobe to sell IMO. I am not at all saying it is easy peasy just that CB is all about tactical drilling and partners.

BS if was a remotely possible choice we would be doing it and halt spending on everything else and sold Shinganda. AFP has a deal with FQ for them to get those 4 licenses to a PFS and do all the capital spend for 75%, XTR had a similar deal on BR but there wasn't 2 million tons of copper there due to the grades. Luansobe is actually ready, the cut of on the OP mine is 0.25% so the capital spend is low but I expect CB is looking at the bigger picture and we are in the driving seat.

BS there are different types of funding and we own the asset and will give up part of the asset to someone else to fund the capital expenditure if we do mine Luansobe. We ain't going alone, far too risky. However, I suspect we will sell it outright. GLR is first an explorer. It is interesting how CB was so careful not too over spend these last 6 months and doing exactly what I have been calling for. CB sold 8 Kalahari licenses having bought 19 for about £350K and spent £100k on a helicopter survey and then sold 8 for £4 million +. CB always looks for a big partner to do the big spend. This is why it is taking time. We could have said we were going to fund the mine, raise money and start mining at Luansobe but that is extremely risky. Far better to get a partner or sell and take a stake with no capital spend and this is almost certainly what GLR will do IMO.

The reports explain what's been done, how much we have spent and what liquid assets we have left. They cannot prempt a possible RNS. They basically explain the financial situation and FFS I don't want anyone talking about placements. We spent around £650 thousand in the drilling season and have £5 million left. The post information is interesting with results on the NW, planning to drill on the deeps at Luansobe and the big one that they could see visible results on the 3rd drilling at Shinganda to start a 4th drilling and again visible iron. This is massive news and no wonder some say we had a £40 million offer turned down. Now waiting results. Tight lipped about Botswana but I'll say it again CB doesn't want to spend too much there because he thinks we will get some offers. Nevada could actually be the first to be sold. Massive interims and sometimes no negatives make the interims very good indeed.

The biggest issue with AIM exploration is dilution through yearly or multiple placements and we don't need them and have not had one for 3 and a half years. We also have multiple assets and licenses.

We have I think £3.1 million of current assets and £1.9 million of financial assets to sell yet. CB is definitely spending wisely and on the current basis we are cashed up fo 3 years. No wonder CB is holding out - fantastic interims.

Mr T you know a lot more about BZT than me or most other shareholders. I was taking into account the £700,000 loan. I think it is payable at 0.08p per share in July next year or it could be extended again but it does seem to cost a lot.

I do think BZT has some good assets but cash even after this raise it is still low. To raise on Christmas eve after hours is worse than a Friday after hours raise. It must have been a desperate situation and that good news is not around the corner but in the distance. I have lost money on BZT but sold out a few weeks ago. BZT might spike in the New year because of the low valuation but I will wait before I get back in. Good luck to the long-term shareholders and I sincerely hope you get good news earlier than what I think. I am fully invested in other AIM exexploration

BZT

BSM I posted I worry about the UK which is an outlier and copper, China and US will be OK. So by definition so will GLR. The report was positive last year and hopefully is the cash position. I want CB to get the best deals for GLR even if it takes time and a bit more tactical drilling. Happy New year to the proper GLR shareholders and I am signing off for now. PS I might get back into BTZ in a small way but not yet I think the share will fall a bit further because good news is still at least 4 months off IMO.

I worry about the Marxist UK government but I think Trump will reduce the US over spending and US long-term interest rates stop rising. The copper shortages are real and I think China will start to grow again. The UK is the outlier and that is because an Inflationary, Spending loving, business hating Marxist government is out to deliver their insane ideology.

AIM exploration investing is a very stressful occupation. The rewards can be absolutely gigantic but the majority will fail. GLR will start the year with better assets that is for sure. 2 licenses on Luansobe and more drilling done in Zambia. My opinion is still of the view that the Zambia copper/gold assets will be sold off together with a big payout for us. A nice buy today and maybe the large seller is gone.

Thanks Ana

Irish it sounds like you have sold out

BZT is worth 12.5% of it's value 5 years ago and XTR 50%

GLR is worth twice the value of 5 years ago.

XTR went up by over 10 times when good indications of the BR drilling results came through (end up to be too optimistic)

GLR could easily 10 bag if the right RNS comes through because the SP is so low.

Yes the SP is at a low of the year but still twice what it was 5 years ago. There are few AIM exploration companies up over the last 5 years never mind double. I suspect the cash position is still looking good and that we can afford to hold out for better deals. In some ways holding out and taking our time to get a great deal will mean weak hands will sell out and allow the strong hands to accumulate more. No one knows when a sale RNS will come, maybe tomorrow, on my birthday or in 12 months time but IMO it will happen as long as the macro position doesn't change.

I'm not wanting to give away our assets. The long-term outlook for copper is massive and will show up in the copper price soon IMO

Sorry I sold out at 0.0334p

Many investors own more than one CB share. I sold out of BZT at a loss at 3.34p because it is relying on dilution moving forward and the price had had a small spike. However, many CB investors want out and because GLR is the most liquid and is still up over 5 years is being sold. GLR is the only real CB multi bagger IMO.