Member Info for Fr.Jack.Hackett

Mr booboo,

". . .as soon as the Annual Accounts were released last week they flooded the board with their 'research'. . . ", unfortunately due to lack of info from the COMPANY, there has been little of value for any discussion until then - for anyone.

I would suggest the position of the share price is directly associated with the perceived accuracy of the COMPANY statements - and that is the saddest thing with GRL.

In addition, another good sign is if a director has actually put up the money (used their own readies) to buy the shares - rather than be handed them for various reasons.

Mr ID78,

only glad to help. Also good to hear that 1.4x MCAP as dept doesn't worry you.

I wonder how many shares do you think AIM would accept for 1/4 of the debt - maybe we find out soon!

Just a few snappits from some trusted posters:

". . Next gold pour needs to restore some confidence. Without this, I would anticipate more downside for the share price. . . ", not much room left down there for it to go.

". . .Hopefully we are truly at the bottom and there is only one way to go from here, but we have thought that before.. . ", yes, thought that - last week, last month, last year!!

". . . But they also have a reasonable sized debt maturiting on Dec 31st. . . ", I suggest 1.4x MCAP can be at the least, described as sizable!!

". . Keep an eye on the gold price first and foremost. . ", this plant had Feasibility Study at much lower gold price - and this can be hedged if GRL had any confidence of meeting production targets (which many may believe not so). Suggest keep eye on the weather - a week or two non-mining will certainly cause critical damage to GRL.

Mr Kenny,

Please give allowance to the hole in the fence - it normally blends into recovery rates - Emma's mate Bill is on the other side! But you cant suck everything out of a lemon - (so give them 70% recovery for first attempt - don't wanna disencourage them do we)!!

In addition - you raise important point - all data listed in the RNS dated 1st Aug 2024 are oz Ag (not dore) - and that includes the 3-off months in a row (calendar months) - they need to supply regular production figures.

Mr HarChris,

without starting any argument with you - as you are a valuable contributor (and you do show your frustration with GRL), unfortunately from previous RNS issued by GRL, I would suggest the statement ". . fully develop its business. . .", in reality is to stay alive!

This company is over 100% MCAP in debt - it probably cannot increase debt - so it's gonna be your shares - how many shares in circulation 2 months after AGM I wonder 1.25b, 1.5b 2b.

Mr Borrow, GRL had 450m shares a 18months ago. Your 7p then is now 3p now for same MCAP.

Mr HarChris,

Please bear in mind - GRL have already stated they need more fundraising to make this happen. Not may, Will.

It's not my opinion - it is stated by GRL.

" .the Group. . .will require additional funds and/or funding facilities. . . "

Mr Borrowfunds,

Very clear - I believe there is huge potential here - but I also am finding certain decisions from the BofD in effect keep this company crippled in a gold loan debt they just cannot address and mis-loyalty to their PIs with their micky-mouse RNS statements which people will swallow. Look back at the RNS for 2022 and you will understand.

I am sure you will receive a bounce - I do believe their assets will be very profitable - I have suggested 4p at 12kozpa - but I just still not sure this will happen under the umbrella of GRL.

Mr HarChris, I did not state the seller was AIM - I stated it was one or more from Paracale, AIM & Nguvu.

And as you also agreed with me at the time - then why now misinterpret ?

My thoughts - AIM can sell - as they shall get the shares back later in interest conversions!

Mr Borrowfunds,

You stated ". . I would expect some upwards movement on the SP at last.. Positive things about to overcome the endless negatives that have caused such a slide in the SP. . .", if you have identified the positive things in the Annual Report - then maybe you like to expand - and post a few selected statements from the Annual Report which really catch your eye - it will definitely help for any investor (or potential investor) who does not have the effort to read through 62 pages.

Unfortunately - for me the eagerness ran out in reading this by page 7.

Mr HarChris,

I am not certain they have achieved positive cash flow:

". . The financial models and projections prepared by the Board, in order to monitor cash flow, demonstrate that the Group, in common with many businesses engaged in the early stages of development, will require additional funds and/or funding facilities in order to fully develop its business, which is a follow on from the delays and problems encountered with production and permitting, and for the exploration to expand the resource.. . "

"Losses from operations for the 12 months to 31 December 2024 were US$4.1 million (2023: loss US$2.7 million). "

Post Period Developments: "The Balance of the Gold Loan, upon conversion, with the principal of the Gold Loan as 1,871.43 troy ounces, and 495.20 troy ounces in interest"

It appears they are servicing their debt including the loan with shares still.

Overall - not appearing to look healthy.

Mr BooBoo stated:

". . . I'm trying to think of a time during the last 15 years investing on AIM, where a company announced 12 days ago they would post accounts on a certain regulatory deadline day, but then didn't...staggering incompetence. . . ", I think its in line with the statements over the months and years against planned production figures !!

But GRL did state they "intend" to publish the accounts, just like they intended to reach 1000oz Gold PCM from Jan onwards.

Anyway - still enough hours for them to post on their website - and RNS tomorrow - but as I mentioned - the later it is issued - the worst it normally is.

". . if it was solid positive news they'd of wanted the market to react at 7am. . "

Anything good or future spectualing - released ASAP (especially when future speculating - as they can put all the fairytale stuff that suckers will always swallow).

Anything associated with finances or ACTUAL production is delayed until absolute last moment - cause its all cowpat

Best statement over the last few days -" . I think they need someone new to do their general administration work. .", suggest its expanded to include CEO amongst others.

I think he or she is back.

Mr CBax,

" . . Is it possible this could go over the predicted production amount ? ?. . ."

Suggest the best port-of-call for such advice/information on such a topic is directly from the COMPANY RNS release notes. Suggest you review what was originally predicted and compare to what actually happen. I am sure you will get your answer very quickly and very conclusive.

If anyone needs further information on how such reviews are to be done by an AIM gold mining company - suggest review CMCL.

Mr Banjmick,

Maybe you need to refer your question to Mr HarChris, as it is he/she who is anticipation for the July pour.

With regards to quarterly production figures - I totally agree - and I would like LSE/AIM rules to make such declaration mandatory including AISC .

With regards to the monthly figures - I think GRL need to supply such data as evidence - they have their (very very low) performance targets set at 3 consecutive months production and AISC (the options which shall dilute the shares by 6% - pity they not have a very short window for exercising them).

". . . we wait in anticipation for the July pour. . . ", understand it is anticipation, but I push out two items for open proposed discussion:

1) Do you think it will happen ?

2) Do you think it will be RNS ?

The only GOOD point in todays RNS - is the fact GRL actually issued an RNS.

Everything in the RNS appears aligned with the drop in share price over the last few weeks/months. Suggest all the recent major selling is from people in the know - as they see what is happening at the mine. - maybe a few here should have a summer vacation in Ghana and stick their heads over the fence if they need any confirmation.

The costs for operations also appears high - considering a few years back it was in the region of

A few more items of tosh:

". . .There is no information available. . . ", true enough - all GRL's BofD fault - maybe we can speculate why - normally always not good news when no info available.

". . . producing gold at very good prices. . .", without AISC for the recent poor grade, this statement can go back into my smelly-pants-hamper.

". . . It is ramping up production throughout the year. . .", wonder where we heard that before, - and look where its got them (see first item on information)

". . .the company has the cash to achieve this. . .", many suggest GRL will be busking for extra funds to pay interest on the gold loan - and then how do they pay the actual 2000oz loan in December.

". . .What on earth is all this negativity about, crazy in my view. . .", If they are already meeting 1000oz month at AISC of $1500oz - then I agree with you.