Member Info for Erebus2021

Not me. Been here since just after ipo; have added since. Every time I consider taking a slice I re-evaluate and decide against. Will at some point, just not yet. Reasons? - all well known to us, a de risked base with potential upsides aplenty.

GLA.

LSE very slow to show RNS

https://www.investegate.co.uk/announcement/rns/greenx-metals-limited-npv-di---grx/half-year-accounts/9470274

Lots of detail in the report, cash position looks good.

Meanwhile ... they'll take 100,000 shares in one bite .....

"2026 full year production guidance range of 25-35koz of gold". As expected and signalled previously. That's about $150 million at $5000 an oz.

Lots of exploration and development work planned. Exciting times for AMRQ and Greenland.

The darkest hour is just before the dawn. (RNS).

Volumes really low today, and quite low on the Warsaw exchange too (where volume is, at least, meaningful. It's a waiting game, but a comfortable one since the Jan28 raise provides plenty of cash for the foreseeable, imho.

Also agreed. News could some at any time, none of us know when. I'm sure Mike is working very hard to secure funding. I'm looking forward to the news .... with patience. It'll be good when it arrives, imho.

Https://x.com/GreenxMetals/status/2018699023134183925/photo/1

Link for anyone interested below. It's a long scroll down to get to the GRX bit ....

https://thatstocksguy.substack.com/p/small-caps-february-review

Charles Archer (an interesting follow...) 2 Feb, small cap review:

"GreenX - Singapore has dismissed Poland’s application to set aside the ECT award.

The judgment will matter enormously in regards to the BIT award in England as well - Singaporean and English law are very close in nature.

Basically, that’s it. Poland’s lost.

GreenX will return slightly more than its market cap to investors in due course (Poland can keep trying but this is over, barring a significant black swan).

The company did (perhaps opportunistically, but at a good price), raise A$13.6 million later in the month, with a very tight book of solid institutional investors.

Remember, Tannenberg which in my view may well become a Tier 1 copper resource, is currently being ascribed zero enterprise value by the market.

This will change."

Note: GRX owns 20% stake in Greentech, UFO farmed out 70% of Munni Munni to Greentech....as far as I can tell.

Phase 1 drill programme will be accelerated with the addition of a second drill rig at the Munni Munni Platinum-Palladium-Copper-Nickel Project, subject to finalising agreement with UFO.

https://www.londonstockexchange.com/news-article/UFO/drill-programme-recommences-at-munni-munni/17436734

https://x.com/GreenxMetals/status/2016873289084268795

Well - I'd say after costs etc the GRX pay-out is likely to be around its current macp. So in that sense T and E are indeed, potentially, 'for free'. Tannenberg is a very attractive potential resource, work to do and it will take time, but the time is right for German copper ... all imho.

What would be left to GRX assuming arbitration is paid....? We do not know the terms of business with LCM, but typically they will make A LOT of money. Terms might be % of award, multiple of costs or a combination. Overall expect LCM to take 30% - could be in range 20-40% but probably not outside this range. So, a good case is Poland actually pay up and GRX get around £150-£180 million net. All imho - lots could happen here.....

43p placing. 5.5% dilution. Still can't buy any amount under 50p but I live in hope. Can sell shed loads though ....

Lots more volume (x10) on the Warsaw exchange, and a much tighter spread - not sure how one could buy on WSE though. Also - priced at 2.798 zloty = 58p !

I'm hoping they have not given away too much of the future arb award to get an investor on board.

Is this anticipation of a premium‑priced raise? Strategic investors onboard? Seems to early for litigation news to be included with placing news? Placing news due by Wednesday. Exciting stuff....

Mmmmm - was hoping to have an opportunity to add at under 50 due to the trading halt news ..... seems highly unlikely now! Wonder what has happened to stimulate this rise?

Banking profits .... looking at the share price reaction around the May 2025 trading halt this is almost defo a good move. May 25 - placing for approx 7 mil shares for about A$4.6 mil knocked the sp as expected, but it didn't take too long to recover. It'll be interesting to see size and price of this new placing; still viewing this as a potential opportunity...

So the key now is the size and price of placing. We all know what 'normally' happens in these cases. Greenx is not, however, normal, so we shall see. Concerned .... yes, but this could also be an opportunity.