Member Info for CHRI5P

I actually have one worry and that is the financial strength of Denarius to complete the option 1 funding but also the huge monies that Denarius will require to fund a PFS on the much larger expected area in including Antonina + paying us £2 million. However, if Denarius fails in Option 1 we retain 100% of EMI and with the MLA which hopefully will be granted. If Denarius can't financially take up Option 2 then for me that is more worrying.

Thank you Grappa and see you in 2024. I might buy some more so you might see an RNS. My average due to selling a load averaging 19p is 4.5p but 10p is my target. I am very happy with the financing and the field work and the SP is actually not an issue because I don't expect a placing anytime soon.

Prickly I agree CB never takes into consideration the MLA licence when he predicts the open pit numbers.

However, Luansobe is ready and the hope open pit has not had offers. I also am invested in BZT.

BZT needed a placing which will happen in every CB company a part from one in the next 12 months.

Sorry 0.025

Placings are part of the ownership of AIM exploration. I think CB was hoping for the MLA to come through to boost the SP before the placement but these take time. If the SP falls to .25p to buy I will double my relatively small holding.

What happens if we get 5 over the line?

RMM not RRM

The shareholders buying in at 40% increase would have expected a positive SP because this is very good news. However, the AIM mining sector is massively down and EUZ is unloved by PI's. I still own almost 3% and am pleased over the last 12 months. My target price is 10p and the news so far this year with the MLA and drilling results being very positive. In the last 12 months I have seen RRM and HZM SP crash, both of which I sold out of over 18 months ago due to the limited upside compared to the risk of total failure. 10p is not a guarantee and is my own opinion. The next 12 months if the MLA is granted and the area for a PFS to be paid for by Denarius is enlarged by a multiple then this share will rerate.

The AIM market is a casino and if you owned a diverse portfolio of 10 AIM miners you would lose most of your money over time. Trading them is more likely to make you money. However. maybe 2% of the time you could be holding a winner that increases by over 10 times. I think GLR is in that 2% and is by far the most likely of CB's companies to have a chance. What a lot of PI's miss is the ability not to have to dilute it is so important because the banks will not lend to AIM exploration/mining. We have an embarrassment number of prospects.

My view is a max valuation of all assets being sold over time with a final takeover at the end. EUA went from 0.44 to 44p in 3 years with no extra drilling done. I sold some ar 41p - it can happen but I am not saying it will - a lot more drilling and work to be done but no more placings.

I told you EMI would be going after Antonina and 7,000 m drilling planned. However, remember what BricksSA said it is all delusional and a scam because they can't do anything without a PFS!

Part of my argument about selling the Kamativi licences over Luansobe was that copper is a much better bet than Lithium short to medium-term. Lithium was well over bought in the summer and Luansobe is ready. However, at the right prices they can all be sold and 30p SP would be nice.

Sorry to hear you're dog is not very intelligent Analytical.

Remember the cost of administration is huge and the banks take over and all shareholders will lose everything even Glencore and Co - I just can't see that being an outcome they would want for the sake of £200 million.

I am tempted to buy back in - I sold out just before the 20 for 1 consolidation. In theory this company is bust like DJ explains but and this is a big one does the 4 major stakeholders want administration and if it happened only Glencore could take it over. However, the administration couldn't just sell the project to Glencore they would need to open it up to others. Would even Glencore want administration losing their stake and then having to compete against the other miners. So l believe a fund raising will be achieved and underwritten by Glencore and co. I actually think HZM is in a better place than SXX was in due to main shareholders and the funds required are less. So what price will Glencore and Co underwrite the RI now that is the big question but I would think 15p might not be unreasonable. The current PI's could not afford the RI so the big 4 will probably own over 95% of the company but for the main shareholders administration is not a good outcome even Glencore unless the mine is not a viable option. Just my opinion.

I agree Ana, I would be disappointed with a payment because it would suggest the licences like AFP are not worthy of further research.

The price one uses for a resource in a feasibility study is the 3 year average not the spot price!

Hi Grappa, I do get your point and I do read your posts. However, BricksSA's posts the same unhelpful ***p and is not genuine in what they are trying to achieve. They might put off people buying and actually miss out. They have been saying for 18 months we need a PFS and so far they have been proved wrong. So IMO they have zero to contribute but a lot to disrupt, hence I have filtered them.

Iky I didn't want to put you in the spotline but the rise at the end made me think of an rns tomorrow.