Member Info for Culpepper

Winnifrith was right in anticipating some news on London main market by spring. I think both he and Archer are talking to the company, and respecting conversations. Nothing wrong with that. And Winnifrith recently said he was selling Amrq to balance his portfolio. One might find some honesty there - for what that’s worth on shares.

Yes, well, for Winnifrith or Archer or any of us, there should be no surprises in store to the downside, subject of course to execution on Nalunaq, and I’ve convinced myself on what I’ve read, fitting into company releases, that all is on track with better to come on a gold recovery basis after this months guidance( followed by results and MRE )

I’m pleased to say, though I can go on a bit, this board has remained open, honest, and realistic.

Thanks for that.

I mean, when you get what us lot view as good news, and the price goes down, then I sort of think I know that others are selling, not pi’s generally (though they might seek safety in profit on downturns) there’s possibly/probably some other majorish factor in the equation, for their own objectives.

And if so, it will stop sometime.

Just conversational, going on. I don’t know. Of course I don’t.

There you go.

You know, we’ve been here before on the pricing. And recovered.

I can’t make rhyme or reason for the selling at this juncture. Or past price movements, and stand behind it.

Amrq is being sold down just now, regardless of what I think of company prospects. I put a guess on that earlier, but it does no good.

Guidance/budget next up. No idea where the price might go.

It makes its own way, obviously through them, fellow holders, whose trades hold sway.

I expect old eagle hawk can see rigs and associated.

Ideally needs teaming up with some mole-like mate, I suppose, to know what they’re having a go at.

They seem pretty full up anyway ( no need to pump them ) waiting to see what you see that they can’t.

Bring on the photos.

He, and all politicians, are a passing phase.

Like the rest of us.

Hav will outlive many of us.

Hello there, Howezap.

We all agree there’s a lot going on. One might have thought, more than enough for Amaroq to handle.

All being well, there’s more than enough gold, Capex substantially done, in Nalunaq to finance strategic designs in Greenland.

Currently 10 years of very positive cash flow, and I expect to see, increasing.

Plus Suliaq, fingers in others’ pies, and Hydro for the community plus business.

I know you don’t need the suggestion, nor others on here, but if there’s anything to Greenland mining, then as frequently remarked by commentators ( other than them who think Greenland has little mining future on ‘difficulty/cost grounds ) Amrq in due course might prove to be, as opposed to suggested, main movers in its own jurisdiction.

‘What is overlooked on here is that Trump is mental’

Perhaps he is, but closer to home, one might also compare economies. UK is not that hot. Is it?

After him, and Starmer, there’ll be another one along to criticise.

And Tyrell leaving won’t matter a toss.

This remains a funny, bit volatile one, doesn’t it?

I’m wondering, just whimsy, if our joint holder in Suliaq taking cash to finance that to a greater extent. Helicopter and all that, boat(s) will cost.

Should get some info on Suliaq subsidiary business sometime soon, and on the Hydro progress as a saving for Amrq on power, and going on another business.

Well, Kefi’s looking ahead, in some ways similarly to Amrq.

Amrq will be this year though, which seems to indicate anticipated nearer progress toward multi-asset recognisance, just sort of looking at the two.

‘Oh well it is what it is and one day closer to that dripping roast MRE’

It may be a mistake to talk Telfer, on its own as opposed to WDU, MRE up too much from a growth perspective.

It’s been led to expect inferred to indicated, with some growth.

It’s a longish transition, during this year, starting with TSX delisting. They’ll come across to AIM - bit more volume.

Then later in year, London main listing, AIM delisting, and we’ll all see our common shares moved over at no cost.

I’m hoping, when all done, that’ll see Amrq qualifying on the daily average volume front for GDXJ - though I suppose an exception could be made.

If you knocked out the ‘mere’ I would be more in agreement.😊

Just on auctions, wherever listed - I know others share your views. I think auctions don’t matter unless you’re participating.

Apart from the obvious advantages, there’s one thing that, despite my bias as an Amaroq follower, gives me continued confidence. And that is the timing, with guidance and budget this month, inferring (to me ) Amrq on track to fulfil objectives from future cash flows ( though I suspect it’ll take a few weeks anyway to get to optimal recovery rates )

Thankyou.

I couldn’t see for looking. But I do now.

Meanwhile, a few aim punters getting out. It’s the trading costs.

I must admit to being a little unsure of that.

I would welcome others’ views, on whether the shares will continue, unusually in my view, to trade on both AIM and London main market.

Or is it just my brain fog this morning.

I had thought the Aim listing would be cancelled on main London listing, but it does not appear so.

That being the case, as summarised by AI.

Key Reasons for Dual Listing (Main Market + AIM):

Access to Different Investor Bases: The Main Market attracts institutional, international, and passive tracker funds, while retaining an AIM listing allows for continued participation from smaller, retail-focused investors who favor AIM's tax advantages.

Enhanced Profile and Liquidity: Moving to the Main Market increases visibility, potentially leading to greater media coverage and improved share liquidity.

FTSE Index Eligibility: A Main Market listing (particularly in the Equity Shares (Commercial Companies) category) is required for inclusion in FTSE UK Index Series (FTSE 100/250), which triggers buying from passive funds.

Regulatory Flexibility: Retaining AIM listing allows for a more flexible, less costly regulatory environment, which is beneficial for smaller or fast-growing companies that find the full Main Market rules too burdensome.

Tax Advantages (IHT): AIM shares often qualify for Inheritance Tax (IHT) relief, which is highly attractive to private investors and can be lost if a company moves solely to the Main Market.

British Business Bank

British Business Bank

+8

Essentially, this strategy functions as a "best of both worlds" approach, signaling maturity to large institutional investors through the Main Market while maintaining the agility and specialized investor base of the AIM market.

Yes. There will, as I understand it, and most will know, be separate MREs, Telfer existing operation being treated separately from the WDU which I suppose one can refer to as a forthcoming mining project.

What we know about that, capex, is summarised in the RNS and earnings call.

https://uk.investing.com/news/transcripts/earnings-call-transcript-greatland-golds-q2-2026-sees-strong-cash-flow-93CH-4473456

In relation to MRE, expect beneficial change to classification, perhaps more than growth.