Member Info for CHRI5P

It can't a P&D yet because we have not realistically had enough P. JV is the best way forward so the rumors make sense. We are at the last stages of the PFS so lets hope we have found someone to get it to DFS but we keep 40% of the mine. It would also make sense the noise the company made about another project because they realize a JV was close and the leadership of Toral was changing hands.

Up 10% - we have lift off

No news is not usually good for the SP when you consider all AIM mining is under immense pressure and those that will need a placing in these times will struggle to raise money and so their SP will crash. We have had relatively good news this year and so we have actually held up well. It can't be long now before we get an update on many projects and I don't know where I would start. We are still looking very good.

I don't think the issue is what or how much resources are in the ground because you are drilling in the right area and there is a very good chance of success. The issue which is the same for all AIM minors is money. I listened to BT and if I remember correctly he kept going on about the large number of warrants that could be exercised at 2.5p so a placing would not be required. These warrants are well under water and the company will need more before the end of the year and will KAV have the required news before then to give the SP a push.

I have bought back in and see it as a risky play on Russia but I do believe the company's cash position is stable for at least 12 months. The completion of the DFS which all the bears/de-rampers have been going on about should be available at the end of the year. Even the de-rampers will need to shut up and put up if we receive a DFS.

I was lucky in that I bought EUA when they were at 0.44p and at the time no one on the boards apart from a few could understand why we had so much in the ground no debt but worth only £10 million. However, an RNS suggesting we are for sale, another suggesting no more placements and the SP increases 4 fold in a week within 13 months the price peaks at 40p. Even today 2 and half years later no sale and no company has announced a stake or an offer and they have had 3 placements. We already have a miner with a stake, we have a much larger income stream already and we have 2 potentially huge copper exploration projects and 3 other projects. We will have 3 income streams next year and to be honest the £5.3 million we await is basically icing on a huge resources cake. The level of intellect when someone buys a share sometimes only becomes apparent when there truly is an end game and for me GLR could easily be worth £100,000,000 or 10p a share it's just PI's just do not get it yet. But when they do it will be EUA all over again.

I was lucky in that I bought EUA when they were at 0.44p and at the time no one on the boards apart from a few could not understand why we had so much in the ground no debt but worth only £10 million. However, an RNS suggesting we are for sale, another suggesting no more placements and the SP increases 4 fold in a week within 13 months the price peaks at 40p. Even today 2 and half years later no sale and no company has announced a stake or an offer and they have had 3 placements. We already have a miner with a stake, we have a much larger income stream already and we have 2 potentially huge copper exploration projects and 3 other projects. We will have 3 income streams next year and to be honest the £5.3 million we await is basically icing on a huge resources cake. The level of intellect when someone buys a share sometimes only becomes apparent when there truly is an end game and for me GLR could easily be worth £100,000,000 or 10p a share it's just PI's just do not get it yet. But when they do it will be EUA all over again.

Star Zinc could have paid us quite a lot of income so far this year which is putting our cash position in an even better place and has posted below other companies do not RNS every time they receive income so why would CB. This will all be clear in the results.

AgentSmyth - I can understand your frustration with SFR and the KCB licenses - we all want some news on that front. We have had news in May with the 2 new projects. However, what new do you expect from Star Zinc? The latest RNS from that asset stated payments have started - you're not expecting an RNS every time we get a payment are you? The results will spell out the income from Star Zinc.

Can we all send the 70's detective to Coventry. I have filtered them a long time ago because their contribution is nil and they live in the past. There are so many positive things to talk about.

We have so many exploration projects it is completely amazing. We have a high amount of cash and during next year we should have 3 revenue streams. I know that their is not a better explorer on AIM for the valuation and we are worth £10 million. In fact, we are not down for year but virtually every other miner on AIM is and by more than 20%. Yes the news has not been ground breaking this year but the new has been very good. It is just a matter of time before the ground breaking RNS's come through and the SP will be closer to 10 than 1p.

I think the 2 million was a sell and was being worked after the initial rise and was the reason fell for the day, just IMO.

I was invested in EUA and so always keep an eye on them. It was a good update and the cash level was good at the end of 2021 so no placings this year. The loss for the year reduced and the DFS for MT this year is very good news. The only major issue is Russia. I might buy some but I am overinvested elsewhere at the moment.

There are so many possibilities it is going to be astonishing,

The company tries to sell high (broker firms are being sold on high PE's lately) and buy companies cheap and out of favour or private equity. The cash position is high because companies are generally over valued and they were buying quoted Chinese companies which had halved in price. This trust buys risky companies but tries not to overpay.

The SP is dismal but can be explained mainly to the market attitude to exploration mining. Many, many exploration companies have seen their SP fall this year because PI's are now losing money. Worse case scenario for EUZ short term is someone comes along and offers us the last 3 month SP average to take us over. However, if we get some good data then we might convince some shareholders to raise the funds to a PFS or what we really need is a partner to take if to DFS where the majority of funding come in debt. I am not predicting anything just that EUZ is not alone. Obviously, if we have negative data then like any exploration it will not be good, hence why we need good drilling results and mets and the sooner the better.

In a bear market cash is not only survival but also king. Many, many mining companies and non earning companies this year will struggle to raise money. This is why having cash in the bank and hopefully more to come in many forms is a massive de-risk for GLR. This is not being factored into the SP. The possibility of the explorations are also huge but the cash gives us time to extract the best out of them. We are not just a speculative AIM explorer we also have income comming in to fund the exploration.

I was thinking that MM - if had been extended it would have been and RNS'd by now.

BricksSA there are things to worry about for EUZ at the moment like the Mets and funding to get it to the DFS but I have absolutely no worries about the exploration license running out on November 2023.

We still have time. For instance, CB said on a purchase of a project bought in February and drilling just being done that he expects the PFS by the end of the year. Additionally, what the hell does it matter if we get a PFS after the exploration mine licence has expired. Are we not allowed to submit for a mining license after the expiry will we be just be told to go away. Is it not the case that EUZ are getting all required drilling done before the licence expires so that we can complete the works required to go for the mining licence which the RNS on the 12th November basically states.