Member Info for Fr.Jack.Hackett

" . but Bill is on site weekly. . . . His is investment (time and money) is a lot more than mine. . ."

- it may well have been Mr Trew doing the recent sales of shares.

Who knows it is - who knows it isn't

One thing for sure - emma knows - she is the keeper of shareholder records.

". . . Emma is irrelevant. . .", strong words - she is CEO - but also difficult to argue against - based on GRL RNS statements.

Mr ChaucerMan,

List and Trew being involved does not hold value for the lack of information being passed down to the PI - some of which are posting here.

And I see no reason why Trew has any more data than what is listed in the RNS - however I suggest he does.

This company is losing it for any long term capital investment. A poster stated yesterday Emma needs to go - I surprised she there in the first place.

" . . There is no question that we've had a major holder sell out. . . ",

I like when people - after review of available evidence - they agree with me - even if a little late..

24 May 2025 07:22

If 550oz of dore over nearly a 2+ month period is the limit of GRLs achievements with all the ramping up and accessing higher grade pits etc - then this is heading to AIM come January.

Gold at even $5Koz int gonna help here. Suggest also - it is too late now to change out any of the board to recover this company - it is fully within the hands of AIM.

Interest payment shall be missed again - more shares to AIM.

The more effort Emma puts in - the lower the production. Suggest read the RNS from 2022 - same story.

Mr Hawai5-O,

". . that is healthy cash to bank, if it was all gold would equate to $1.8m.. .", if the extraction costs are $1.9m then not worry too much about having insurance on the bank account vault.

Lack of sustaining costs from GRL is becoming very noticable. People here still using data from last year and earlier to justify a profit.

Mr Loyaltrader,

". . Its all positive, the company is raking in £1-2m a month at these gold prices, it’s a no brainer down here. Taken down on no news. . ".

Revenue can be predicted, expenditure cannot - no AISC, no grade - all hope - hope next pit higher grade, hope achieve 1000oz by (well who now knows), hope can pay the INTEREST on the gold load (feck all chance of paying the gold loan - and haven't yet done well with the interest).

AIM are heading to own GRL on interest repayments alone !! One of the benefits of 14% interest.

Please reiterate where the positives are.

Mr HarChris,

". . TR1s are the obligation of the company buying or selling to file. . ", Yes - I know, that's why I said weren't Davenport obliged to provide TR-1 notifications. . .

But also GRL knew what was happening - as it was a substantial amount of stock and they are the keepers of the register of holders.

I wonder which other organisation will make a late declaration weeks after they started selling.

Mr s_o_h,

". . . all recorded in the RNSs. . . ",

weren't Davenport obliged to provide TR-1 notifications whilst they were reducing their exposure to GRL from over 16% to 0% - not sure all this was recorded in RNS - until AFTER the last share was sold.

This is GRL - they know it's all happening.

Back on topic:

Mr CyberMonkey,you stated ". . You don't need to try to make this SP go down, Emma and the team are good at doing that themselves. . ",

- I suggest she not even need a team.

Unfortunately cannot say much to put smiles on faces - but maybe I can say this:

Mr Cbax, " . . I’m 5 years in and a massive amount down . . . ", maybe when you 10 years in and a massive amount up !!

I thought maybe rain-stops-play - but it appears reasonable the weather in Ghana (at least last 2 weeks).

https://www.timeanddate.com/weather/@2298404/historic

Mr Panman,

It is an answer - and it is the preset position and is totally feasible. It is the default position. To move away from that requires negotiation.

Mr Panman, simple answer - they can - and it is within their prilverage.

Maybe consideration to recent share-price movement - which sees the share price half in 6-weeks.

GRL MCAP now is equivalent to approx 2 months (fairy-tale) production.

I really do think the likes of AIM shall draw the line soon.

Maybe some may fancy a trip to Ghana and look over the hedge to see what is happening - go this month and trip cost could be £1K (or 150,000 shares), or maybe go end next month when the cost may still be £1K (but could be 300,000 shares).

Mr HarChris,

They can take over the company - and can even leave the present management (!!!) in place to run the outfit - just cause they own it doesn't mean they gotta get on the JCB and shovel stuff around - Emma's team can still do that for an initial period.

I am sure it can be offloaded to another miner quickly when starting to produce .

I sort of align with Mr Corrumpo,

Just because the BofD have not aligned their issue of an RNS to an individual LSE posters schedule does not change the circumstances.

And will add the additional note that the COMPANY owe more than the MCAP to an organisation that already owns 1/4 of the Company.

- it is difficult to see much good news coming - even if it is an RNS stating we have finally placed proper management into the boardroom. Suggest AIM will soon be calling ALL the shots.

Only saving grace for the PIs is an RNS issued grovelling about the lack of communications but stating 1/2 the gold load has already been paid - I leave this as a ray of hope which I definitely do not believe will happen.

I am sure the assets will be very profitable in January 2026 onwards - to Asian Investment Management.

Will add - gold-loan now larger than MCAP.

Looks like - come December - RIP GRL PLC.

Well done Emma !!

Enough said

" . . they'll almost certainly renegotiate again, take some more interest. . . "

- Similar thought to post 26 Apr 2025 17:22 - but suggest it can all be achieved by just the accumulated interest payments - not even the gold load payback: " - the way its going - give them another few years - and they'll own majority of the shares - acquired by interest conversions on a 2000oz gold loan . . ", and the gold load will still exist !!

Also, Mr Lucain, ". . .and put in someone to run the company for them?. . . ", they wont need to look far - to the next largest shareholder.

Anyone really believe present management is best at finances ??

I stated earlier - people find the smallest crumb to say all is well.

When Devonport sold over 15% company shares - they were obliged to provide 3x TR-1 forms when crossing 15, 10 & 5% thresholds - they never - only when they sold all. Even though some may say it was obvious they were selling - does not remove the obligation for the notifications I understand, as the time-period for selling was over 2 months.

What I find strange - for many posters ON ANY share - when they want the company to succeed and SP increase - they often see a very polarised view - and more concerning (possibly for them) to dismiss any negative view.

Mr CLSK,

Not discrediting anything you said - just find it enjoyable to see people find the smallest crumb to say all is well - nobody major is selling (which maybe or maybe not be the case).

This is even after Devonport sold over 15% company shares over a two month period - but only RNS the TR-1 after the last sale.