Member Info for CHRI5P

Pan filtered for having limited knowledge on GLR

SFR must be thinking about making an offer for p253 and wanted to get more data at the same time. We will only do the basic drilling before SFR snaps up the lot for a packet. Due to the difficulties and cost of proving up the the KCB it makes sense to sell out to a larger company. For SFR to pay for the survey is massive.

OMG - CB is playing a blinder.

The idiot is back

I think JUP will be fine and the divi is now well covered by cash. I have sold out at the peak between 140/150 but bought a lot below 100. I will buy back in when/if other shares go the right way. L&G/Phoenix look safer with a higher divi but I think Jupiter will get bought out and so more upside. Nothing TOD said last time made any sense and didn't come true. Good luck LTH's and I might be back in soon.

Overtrader I hope it works out for you , Ella and LTH's. Just an opinion and my English is shocking. Will now pxxx off.

Ben would say that - RNS to raise money, RNS raised money, RNS drilling going ahead, 5 months since the last cash position which suggest you would run out of money before the drilling is completed and paid for. Purbond or placing take your pick?

I do hope you it big

I am a non shareholder but when invested you need to think of the alternatives and the reason for the placings/funding requirement.

KAV realised that without the help of their largest shareholder the drilling would be on hold due to the cash at the bank and another placing would see the SP crash. Purbond is probably the only answer to getting through the required drilling in a timely manner. I am invested in GLR and a successful drilling campaign for KAV in Botswana will be good for all explorers in that area. KAV have wasted time and money over the last 3 years and you should be unhappy with BT but I reiterate what is the alternative and would KAV have a future without Purbond's help even if the dilution is painful and if you it big Purbond will have made a killing. All in my opinion and I do hit big.

Interesting RNS over on KAV. They're drilling in the same country where we have major licenses directly and indirectly via SFR. Their largest shareholder is putting up £6 Million to get 52% of the company and KAV have not found anything from drilling unlike SFR seeing copper from their first drills. This fund raise is hugely dilutional for shareholders but also demonstrates that investors are taking positions in the area we're developing. The investors could not buy 52% on the open market and are taking advantage of KAV's weakness and cash position.

GLR have money coming in and many projects and a potential investor would need to buy on the secondary market raising the GLR SP. Botswana is definitely the place to be with copper and we have a huge area to develop. And to think our Botswana licenses are just one of many other potential multi-bag opportunities.

Prem is worth £220 million and from what other holder's have said is a 20 bagger from the lows 3 years ago. Well done to those investors but I never invest in a 20 bagger because the potential to bag again and again is more limited.

So GLR is worth could be worth £220 million in 3 years time but Prem will no be worth £3.3 billion to match GLR.

For me Prem's had their day and if I was a LTH I would sell a large chunk and but most of in safe shares, cash, bonds and some into a speculative share like GLR with far, far more potential. I sold out of EUA with a huge profit for exactly the same reason and have now retired age 55. I put 60% in safe investment trusts and I own a large amout of GLR and a few other high potential shares. Not that many people know or are invested in GLR where IMO with Prem the horse as already bolted, the cat is out of the bag etc.

Interesting to announce a share funding before it happens it is extremely dangerous. What happens if the shares fall and the investor walks away? KAV have basically announced a £6 million funding requirement and have no way of getting it. The new prospect might be a great deal and the drilling might be positive but the management are inept.

Data you're quite right concerning AIM exploration/mining.
Companies do multi-bag but quite often it doesn't happen and the company goes into administration. Most of the reasons they fail are known by most informed investors who are willing to take the risk. KAV who are mining in Botswana like us have limited cash available and have made shareholders aware of more cash required in the summer so placement/dilution is a real threat (RMM did the same thing). I was invested in WTI who went bust with too large a debt and then the mine got flooded but I did not appreciate the risks. EUA have a large mining area but can it be mined and the location is Russia. Other, miners find they require placing after placing to prove up the propect to a PFS. All these companies had/have massive potential but the risks were there to see.
GLR at the moment don't have debt but will have a strong cash position, they have multiple great prospects, a JV with SFR and licenses in the right locations and for the right commodities. GLR are so undervalued but the only real risk is a world banking crises/depression and even then governments will be spending big on electricity infrastructure. The under valuation is due to unwarranted abuse for CB but mainly because PI's are losing massively in most AIM companies. Hence, the potential for GLR to multi-bagg.

Sorry Iky, just we all want an RNS stating each licence/JORC. Good work Analytical , data and others over the weekend.

Iky you sound desperate and stating the obvious is not that interesting.

Iky can you post something worthwhile - begging for an RNS on a board is not the answer - maybe try and talk to god before you go to sleep at night.

You're - and I am crap at English

BB I have so little respect for your opinion and knowledge on EMI that if you think the Denarius deal is a poor one then we must have the deal of the century and £1 is on the cards. I just don't think you have a clue about AIM exploation/mining and your filtered again.

Sorry, my 8 times dilution for Denarius shareholders was wrong.

If you did not take up the rights offer and the placement and all the new warrants attached are exercised then the dilution is:

20 million + 20 million + 18 million = number of shares, 20 million + 18 million = number of warrants

Therefore 20 million shares will rise to 96 million if the warrants are exercised

So approximately 4.8 times or your shares now owns 20.8 % of what they did before the fund raise if you did not take part in any of the offer/placement.

This fund raise is very good news for EUZ

The investors who were first in will never get their money back in full and that is normal practice in AIM exploration over the last 10 years. We are still valued to fail IMO and puts a value of £10/12 million for EMI currently. In 3/4 years time when we will have 20% of a PFS/ML on a much larger area/JORC for EMI + £2 million in the bank and no dilution unless we do find another exploration project - what will EMI be worth? If EMI is worth £50 million which I believe is realistic then potentially we are worth £10/12 million. Dilution is always the killer in AIM exploration and that is what we have already found and is why BB is 99% down and is why I believe we had a life saver deal. Denarius shareholders have been diluted when you count the like for like warrants by 8 times this year and their SP is well down since the deal announcement in September. We are actually slightly up. We have a call option on a large exploration project with great prospects and £2 million in the bank if it all goes well. I already have 3% of EUZ and my target price is 15p but I realise this might take 4 years to achieve.

SMT was an amazing trust in a Tech/growth world for 10 years. The reason the discount is 20% and this will not change in the short-term is higher interest rates. SMT's unquoted portfolio needs cash constantly and the price of raising it is much higher than 2 years ago and due to SMT having a 30% limit on the unquoted part they cannot take part in the funding for their best unquoted holdings (this is a disaster). They also have a large but low cost debt and so they are desperate for the quoted part of the portfolio to do better. Their quoted portfolio is invested in Tech/growth companies. If interest rates fall quickly the portfolio might rebalance with the increase in value of the quoted part but I just don't see that growth will be back this decade because inflation and higher interest rates IMO are here to stay. Not all tech is bad but SMT are not invested in Microsoft so this trust is a sell and is why hedge funds are shorting it. However, it does pick good stocks for a global growth world and charges are so very low and one day it will be a no brainer to own.