Member Info for FrankyS1971

Quiroga is crapping the Chinese and Russian Deals and with it there may be n entire reset of the process. This may take a full cycle of govt to reset recalibrate etc. Really all i want to know is whether the NextChem/Clontarf partnership is time bound. We set up a pilot plant in India which has shown success and now like all players in Bolivia are waiting for strategic direction and engagement with the Gvt dept for Mining. I don't really see what you're expecting from management?? they have said they are looking for a DH replacement to drive the project forward. This may well bring about further dilution to pay that persons wages.

ID - Are you suggesting the only motive for buying 16K of stock is to bolster the SP? Quite the philanthropist over at Gilini then. As for CL he's been kicking stones for over 20+ years. His background covers the full lifecycle of mining including the financial and strategy side so what more can you expect for an AIM listed business with an Mcap of 6M? Who would you prefer Mark Bristow - he's going spare at the moment ? I've got fk all clue about Kiwara or comparisons, all i know is that the logistics here are easier than most with potential for surface mining and quicker build out at lower cost. All I'm interested in personally is more holes in the ground so they can "earn in" to the project and get closer to the economics of it all. I think its pretty foolish to get carried away and believe this is another kiwara or what have you. The potential is clearly there until proven otherwise however and I got in here at 1.4 so for me, its nothing too emotive and the risk is reduced. The way the SP is behaving is entirely in keeping for an early stage project on AIM. Until there is a maiden resource more holes, economic feasibility study etc etc this will probably do surprisingly little but give it 12 months or so and at some point it will move violently up. Who's to say the layer of copper doesn't thin out dramatically and leave them with an artisan mine with a bit of rhyolite. 6M would be about right then wouldn't it?! Lots can happen.

..."whilst we continue to execute against our commercial and strategic goals and work towards longer term financing options." So simply put the 2nd tranche takes them to May by which time they need to have sorted out long Term Financing which to date has alluded them hence Riverfort, various raises and a loan from someone who would lose a big chunk if they went into admin. So no more Raises, mezzanine finance or a loan..then what? Something that isn't going to bring much joy to SHs one suspects. As said for the last 4 years until the long term needs of the business is matched with long term financing this isn't a great investment. Had SHs swung round and stuck two fingers up at more raises at least 18 months ago, all this might have been resolved earlier. Part of the LT deal will have a lender demand salary cuts I guarantee so really you've all facilitated this gross Pi88 take by not voting with your feet sooner. I think GDR will give birth to a viable business but the pain involved ain't over.

The drilling is the path to the buy in so please Santa - no breakdowns or operational set-backs for Christmas please! Continues to look v promising - Rhyolite could be an extensive structure and secondary find that sets this on fire.

This is all about drilling more holes, then the exploration target, maiden resource yada yada..the market will wake up as this project progresses and with the drill program the earn in will be triggered. I think the II's start to turn up middle of next year. Even a shallow mine will need earthworks, a plant build...a workforce...this will take a couple of years I imagine to really start seeing production. My 1.4p I'll cling on to until 2030. 30p+ by then unless we sell it early and move on to next project which I doubt.

No idea as to the motive irish or the what's next or the when! my crystal ball is broken.

Fair point on the PDMR angle — that’s a separate disclosure requirement and you’re right that if a director (or anyone closely associated with them) trades, it needs to be notified. My comments were specifically on TR-1 obligations, which only trigger when voting rights cross a threshold.

On that part the mechanics remain the same: forward selling + matched warrant exercise = no net change = no TR-1.

So we were talking about slightly different rules: TR-1 (voting rights) my earlier point versus PDMR (director-associated dealing) your point. Good discussion — useful to separate the two regimes because a lot of people mix them up.

Both can be true at the same time depending on the relationship between the investor and the director. Perhaps the likely explanation for current SP movement - The most likely scenario maybe small-scale warrant cycling but not but a full-on “Gilini clearing their warrants” operation And nothing that definitely breaks MAR rules. All the behaviours of the SP suggest forwards selling and remains a likelihood IMO. Time will tell!

YES, Gilini can forward-sell while having a director on the CMRS board without issuing a TR-1 RNS — IF AND ONLY IF their net voting rights do not change.

Under the FCA’s Disclosure Guidance and Transparency Rules (DTR 5): A TR-1 is triggered only when a shareholder’s percentage of voting rights crosses a threshold (3%, 4%, 5%, 10%, 15%, 20%, 25%, 30% etc). So if Gilini forward sells shares, but exercises warrants to replace the same number of shares and ends up back at the exact same % holding (e.g. 29.9%),then They have NOT crossed a threshold and their net voting rights have NOT changed so no TR-1 is required.

Yea they can irish demon. Its called forward selling.

I reckon there is another 2-4 weeks of warrants being exercised unless the SP jumps and then forward selling gets risky and stops. ( I doubt that'll be the case). Why is there an RNS from Charlie jus to announce the rig turning up? well it helps the overhang clear and Gilini get to cash in and CMRS swell the coffers up ready for exploration etc. When the selling stops and the MMs no longer have supply -

Bid moves up - Momentum traders smell blood - SP surges on thin liquidity - New buying triggers a breakout - Chart moves sharply upward -

Typical post-warrant-breakout rallies on AIM: +50% in a week, +100% in 3 weeks, +3–5× within 6–12 months (resource stage) .Given the huge discovery news: CMRS could go from 4p → 6–7p very quickly once the supply clears. And from there: 7p → 12–15p as newsflow continues (resource). Short term pain to underpin an exciting 2026 IMO

Smart move for the long term! the market will only react when Scale is quantified - - Take a look at other copper juniors:

SolGold’s early Cascabel discovery: flat reaction, then 20× over 18 months

Asiamet’s discovery: flat, then 4×

Deep-South Resources: flat after maiden discovery, then 5×

KGL Resources (Jervois): flat reaction, then 10× on resource

Specialists will accumulate now ahead of the Crowd - give it 12 months and this will be looking very different.

The option to buy into the IGLI project ran out on the 13th November. Shame as looks like this is being shelved.

It ll head back to 5.5p ish IMO. Evaluation studies, more drilling and then the warrants and further funding news to land over next 12 months. Has to be a hold for LT or try and guess and get lucky. Might be spikey as next year goes but have a feeling that 6-7p by year end would be a good result!

I reckon it ll be slightly delayed as is the way of the world. Might take longer to process those juicy Ryolite cores. I'm guessing end of november when we hear. They can drop it to 2p in the meantime if they like. No worries.

As the management team said the best deal for shareholders was to take the dilution. They weren't lying but was also unfair to act like a long term charity case thinking investors could ever accept GDR as some sort of altruistic vanity project. There is no easy place here with a niche and new product getting sold into a rigid and highly regulated structure. It was and will be a slow process. My view on the 1M investment is that this is nothing like enough and the reason is being offered is to get the strings attached for when it runs out. I can guarantee that he is going to get an exponentially bigger slice of the GDR pie and get in a position to go private on the cheap further down the line. This isn't being done for your benefit but for his. Wolf in Sheeps Clothing!

How will that work out for long term holders...well if David Nugent is looking to take GDR private either directly or with a consortium, I'd suggest not brilliantly because LTHs won't get to enjoy all the upside that they have consistently invested in. Any new ownership structure will likely start with a clean slate.

I think David Nugent is smart - offering up to 1 Million or 3 months of survival in GDR speak is not gong to cut it. As part of that "loan" he'll get paid in stock not cash - cos there is no cash!, so he will over time with maybe another loan or two, be in a fantastic position to buy the company out on the cheap. This will play out interestingly enough and not for faint hearted.

Re riverfort - they re simply taking what they can whilst they can.

Well don't forget the options...set in November 2022 with a 5 year window to vest at 7.5p/12.5p and 17.5p..I think they must be suitably motivated and positive to top up on their options with further buys. Essentially the traders got bored and went elsewhere. They'll be back for the next pump and dump but each time the base will be higher.

Any outstanding warrants if exercised would lead to a 9.3% dilution. Not much to absorb if the drill results are strong. Any further funding beyond the warrants being exercised will be relatively small as CL is looking to deliver an 'open pit/surface mining' Ops model by YE 2026. That revenue will fund the build out of the mine into future years, so a slower build out but cheaper on SHs. If invested for 2-3 years here, you'll very possibly do well. The alternative is to be a pretend trader and spout insane rubbish. The spread here for weeks has been huge so at any purchase price, there would be little incentive to sell straight away. Volumes low and shares sticky + good RNSs dropping =.....!