Member Info for Fitbrokerspal

I’m a bit confused as to how mosman have put out and RNS but Greenvale have not. The application is on behalf of greenvale to the NT government with mosman as a notary only. Wouldn’t surprise me if some sort of breech of rules has taken place here with either ASX, AIM or both. Both companies are exclusively run from Australia so its a strange situation. The news is solely Greenvales to break in this instance. If Greenvale do not RNS during working hours 30/4 /24 then something is amiss. The market views it dismally as its a no holds barred sell off.

Desperate times at Greenvale its imminent again it was last imminent 98 days ago. So what has changed? Absolutely nothing thats what. It is as unlikely in the next 98 days as the last 98 days. Greenvale down 43% in a year the markets don’t get much wrong and the pumpers won’t point out longer term indicators. Somehow mosman have actually taken a step back in the permitting process by virtue of the JV with Greenvale. Mosman had the necessary approval to progress to the environmental and seismics just no money to do it now with Greenvale they have no first stage approval or money. Well done mosman.

Are the Samaritans considering an IPO?

4 working days, Weds, Fri, Mon, Tue. Maybe in better markets there would be a pump now on anticipation that news might come. But this is Mosman and what is seeming and equally misleading partner. GRV will RNS something next week jam tomorrow anyone?

Where are the pumpers and the insults? 5 working days or only 4 really as a Friday after a bank holiday is virtually a write off. What comes after the latest failure then? Assertion that it was the end of May all along as per CEO comments? A longer extension perhaps to end of July? or JV collapse? Meanwhile cash at bank for both parties continues to dwindle and adding delay time to other statements for timescale of progress 2024 is virtually a write off

6 working days left for the mythical JV approval to arrive before the next very flexible deadline although remember the perhaps deliberate mistake in the GRV RNS of 28/3 which for those who actually bother to scrutinise these documents might have given away just how low chance of success for April was

Mental illness is creating a fantasy scenario far removed from reality and fact and belligerently shunning that reality

Greenvale down over 17% this week and now only 8 working days to the latest pretend deadline my suspicions are still the same there will be no approval as GRV and mosman do not have funds to meet the work schedule added to that i doubt there is even time to complete this years work schedule.

Alway a chance that GRV are in the process of discount fundraise to try to raise cash for the works forecast which may facilitate JV approval but with a 15% fundraise cap on ASX it still won’t be enough based on latest GRV cash at bank figures

With its 99.78% share value depreciation some would contest the MC is way above what it should be. Exactly halfway to the latest missed deadline with no chance of completing this year’s work schedule for ep145. The error in the GRV RNS 28/3 has still not been addressed, or is the error the caveat?

April was the target month for the environmental permit which comes after the JV approval which is now around 11 weeks past its initial expected receipt

Well another week beyond imminent is going to slip by after next week slips by then the wait for the next extension or JV collapse and a possible mosman raise into the bank holiday delistings happening all over AIM as its only purpose is to raise fund. Once that ability is lost, diminished or no longer needed in the event of success then why continue with the expense and admin of a listing? Especially if you have no UK interests, liabilities or obligations

Agree with around 5.5m needed but thats a big figure to raise. No ISA money coming into mosman with such high risk of dilution very soon.

I would like to know why April 30 is somehow different to the last two missed deadlines and how imminent became a quarter of a year lets not forget theres yet another permit to acquire after the JV approval. Its not impossible for both approvals to come at the same time but based on the last few months, affiliations and experience it will be a miracle if this whole saga including seismics gets completed this year Thats a lot of mosman raises away

GRV cash at bank as of 31/12/23 $3.24m no idea of the cash burn at GRV but at present they do not have $7.5m plus reimbursements to mosman. Which likely is the main problem with the JV approval as for mosman they themselves will be running on fumes now

Theres no money for the RTO the same reason Georgina couldn’t IPO a year ago. and the JV could take all year added to that GRV don’t have the money for the commitments. See last presentation they don’t even have half the money needed

25 April is a bank holiday in Australia and i’m taking the liberty of writing off tomorrow as a no hoper.

No good without that JV approval didn’t it take years for PXEN to get approval for an application that was supposed to be a foregone conclusion? As another week slips by only 16 trading days left of the latest deadline for imminency

Pre October 22 they went long spells without placing but in recent times its every 3 months give or take a few weeks

By 31/1 no

By 31/3 no

By 30/4? What suddenly makes the imminent imminent?

MMM and GE where is the money coming from?

Mosman placings last 12 months -

06/04/23

13/07/23

29/11/23

02/02/24

Very likely a placing in the next few weeks especially after the shocking half yearlies and unexpected long lead expenses.

Https://clients3.weblink.com.au/pdf/GRV/02789972.pdf

Has anyone actually thoroughly read this error strewn announcement?

What even is the new deadline? The first date mentioned is 30 Aprill then later in the CEOs comments he says end of May? They also reference August for receipt of siesmics (which will obviously subject to the same delays) as being Q2 2024? No wonder they can’t get the ministerial approval the application is probably illegible