I think it is a grey area and initially thought we should get an RNS. However, GLR were not mentioned in the RNS do that might be OK. If it is GLR then I would expect news on the ML very soon.
Profit taking from the 20% rise over the last few weeks will happen especially when most AIM is doing appalling. I am expecting an RNS next week but don't know from which of the nine prospects:
Analytical I now have a Twitter account and looked at the areas we have and ones SFR have an option on in the Kalahari. We are so well placed. I must admit I didn't realise how small an area KAV has. How the SP is below 6p is such a mystery.
Morning Shed, going back on BricksSA point about BFS, the MLA almost complete and the new PEA (which I am also positive on) the authorities will need to see the viability of the proposal (I don't think a BFS is required). Will the new PEA be part off the MLA.? Once a ML is given to EMI they would not take it away either IMO if the funding proposal for the mine changed.
Shed the most interesting thing is that we have not produced a new PEA. I speculated 8 weeks ago that the November 2020 PEA could be used because it show the viability of mining Toral with a 4 year pay back.
Exactly Shed, I have owned and researched hundreds of companies and not one of them get a BFS before a Mining Licence in fact quite a few don't even get a formal PFS. As long as all the questions are answered to the council's satisfaction.
I don't think anyone believes BT anymore. The problem is if Purebond don't invest at 1p due to the low value the SP could halve again. KAV is all about what they don't have a sucessful drill.
CB says he's never seen a company with so many quality assets has GLR have and remember he sold a company for over £200 million a few years ago. I read on other BB that they have the best CB company- wrong GLR is in class of it's own.
Agreed Shed but they are the ones taking the funding risks. They have 40% more warrants to be exercised at a price 30% of the current SP. Most companies issue warrants for future funding needs. The ML being agreed is massive for EUZ and the risks will reduce relatively. By the way Shed you read the RNS's like a Hawk and I am pleased you post sensible comments.