Member Info for CHRI5P

I suspect a podcast at 11:00 am because this is very good news

I'm with you Data - when you can see the copper then the JORC should be very good in deed. The market is unmoved because it is uneducated

So we now know that EUZ needed to sell Toral.

The price for Toral does seem low but we are getting 8.6% of a portfolio of mine prospects which are much further in their developments rather than 20% of Toral we would own. However, we do not get the $2 million cash that Denarius would pay us if they started Option 2 and this really is the main issue because if Option 2 is not started and was my main worry concerning the Denarius Option deal then what do we do? Because it is even more difficult to raise cash for AIM mining companies than it was 2 years ago.

So I will have to vote for the first resolution and accept the Denarius deal.

Now the Viridian deal is extremely interesting and was the reason EUZ went to Denarius for a buyout because the RTO could not happen. The Zinc price is relative high and the RTO gives us a way into mining far quicker than Toral. I can see us coming out of suspension after the RTO and funding complete quite a bit higher than the 2p we are currently at.

I agree Hairydavey I have been saying this at the time that by definition if you choose to lose an asset for not having enough copper then the one you pick must be substantially better to have dropped one in the first place.

Know what they're doing- Google

That's OK iky. I read somewhere that 80% of investors lose money on AIM. So only 20 are either lucky or no what they're doing.

I disagree Iky most of the people investing in AIM are financially illiterate lemmings. No analyst or fund manager will be taking an interest in GLR because we are worth less than £50 million so it is up to people like you and me to make a market. BS can't even understand the companies accounts. Many don't even read or fully understand RNS's - so AIM is for uneducated gamblers. Some people will sell GLR because it's gone down and some sell because it’s gone up and they can make a small profit but neither actually understands the fundamentals. If we can get the SP to 4p the experts will take positions but until then we are reliant on a poorly educated market. However, this is why we get 10/50 baggers because the so called experts are not allowed in and have to wait on the side lines.

I disagree Iky most of the people investing in AIM are financially illiterate lemmings. No analyst or fund manager will be taking an interest in GLR so it is up to people like you and me to make a market. BS can't even understand the companies accounts. Many don't even read or fully understand RNS's - so AIM is for uneducated gamblers. Some people will sell GLR because it's gone up and some sell because they can make a small profit but neither actually understands the fundamentals. If we can get the SP to 4p the experts will take positions but until then we are reliant on a poorly educated market. However, this is why we get 10/50 baggers because the so called experts are not allowed

What does afp do if like Sandfire, FQ say that there is not enough copper in the licences to mine for them to continue in say 2 years down the road? BZT which is a lot cheaper than AFP is CB's next best company due to a pittance of a valuation, a licence to be granted soon and a stake in a large exploration which might be IPO'd sometime soon.

GLR as more potential assets than all CB's companies put together. For me AFP due to lack of money sold out too cheaply to FQ. I can't invest in AFP due to the potential bagging is less than 3, they have no cash and are reliant on other companies. Hi risk company with limited upside. GLR have upside up to 50 times, have cash in the bank, can forge their own destiny, a large open pit licence ready for making money and copper going through the roof. GLR is just in an amazing position and sadly CB's other companies are dragging it down.

Iky I just can't believe you said that!!!!!!!!!!!!!!!!!!!

I think quite a lot of PI's see a bit of profit then sell. Many of these are people who own XTR and BZT who just don't have the quality of assets. The old adage of sell your losers and buy your winners is so true with CB companies.

We will need to raise money for the DFS (£3.5 million in the video) and the Viridian shareholders will want some of our shares. To make things simple we could give the Viridian shareholders a 100 million shares, raise £3.5 million for a 100 million shares at 3.5p and the company now as 300 million shares worth 3.5p for a value of £10.5 million. The £10.5 million does not seem ridiculous. All complete speculation

I suspect we will open at a premium to the fund raise initially if the RTO goes ahead. When a company on AIM dues a placing quite often the investors can sell the stock before the discounted placement. This can't be done. Depending on the price, take up, fuunding amount and keeping EUZ shareholders on board will determine the price. Therefore, any movement in SA is speculation and will fall in line. The RTO should add a lot of value. However, the amount we need to raise and dilution will be key. Anything below 3p is a no for the RTO for me because it is not adding enough buck per share.

The prevalence of a backdoor listing has resulted in substantial increases of value to the status of the listing.

EUZ up 3.3% in SA

Yes grappa you were saying this was the best option.

I actually got interested in EUZ when I read a post just before the consolidation that EUZ was worth twice it's current value without Toral!

I have been reading up on AIM RTO's

You can not start a RTO before you have disposed of the original business - hence the sale of Toral is a must.

The company being taken over needs to show it is worth far more than the acquirer

The CEO of Denarius exercised 3 million warrants the other day costing him CAD £1.8 million. He now owns 30% which to me is a big statement.

MM they finished at 0.65 - you need to look at the correct ticker!

Yes, I herd Vickers say a billion but the price of Zinc is 20% higher. PI's have lost a lot of money on AIM exploration over the last 10 years but we are still alive with after the Denarius deal no debt and an equivalent SP of 2.4p in Denarius shares. This is actual around 50% down on the consolidation price of 5p. Denarius is still down 90% over last 30 months.

Shed yes I did notice and capex will be half the amount for Toral and the carbon payments could be a huge bonus. We will also own 100%