RE: are we not feeling confident.30 Jul 2021 19:45
So from reading today's BB, and in no particular order
Option 1) CB has infact drilled the 2500m and shown up poor results so is sat on this bad news while he thinks of his next move, he's already spent the £2m quid on.....something that's got us nothing but no one can say what......and another placement is imminent
Option 2) we are still drilling as the start of drilling ran late, or is going slow (not like CB to miss a deadline or anything :-) ). We have seen the AEM data now, it backs up what CB has been saying in interviews. We now have to wait for the drill results. Thus wait is no different to the wait that shareholders at Kavango has to do, BZT, or XTR. The drill results could always come back with nothing, or they could come back with something. That is the gamble you take by investing in mining. The £2m is still there and being spent on what the RNS told us it would be.
I have looked at the AEM, the Virgo reports, closology with other companies drilling and their results and how far away our PLs are and I'm choosing to stick and wait for results.
If you are a part of the twitter group then people will be aware that we have contacted GLR are they are updating the website, they are also aware of the discontent with comms and are addressing this.......notntjat we should have had to even raise this, but we are where we are.
As for SFR, some people as they are less invested only skim read the RNSs. The true value of what SFR bought of us is 1) 2 PLs in prime location already part drilled, 2) the rights to first refusal on all of our remaining 15000 ish sqkm on the kcb as we are still in the top land owners. It is highly likely they are bothered that they bought those shares (along with numbers 1 & 2 above) at 2.5p and now the company is at 1.25p. Its the control of the KCB they want in what is a major land grab race. The fact they spent £1.5m over the odds at the moment (at absolute worste) for 5% in GLR is neither here nor there, they have that control over the 15000sqkm. They also 3) have the right to buy a further 10% of the company (ish) and have a place on the board. As for insiders not buying.....that doesn't even mean anything. Nothing has changed from now until the last time they bought, so why would they? We recently did a placing at 1.5p down from 1.8p at the time which is a very small discount as far as placings go, iv seen worse in GLR. So people are buying in.
The above just scratches the surface, but iv given up sharing hard earned research now, but is some way into the justification for me to stick and wait for results.
Ps pl040, 039, 001, 002, 253 are all right next to other minors currently drilling. They share the exact border with some of them, so everyone can't be wrong cobra, CCC, SFr, Kav, metal tiger
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