Member Info for FunkySausage

Hi Rover, yea I've seen that one, thanks for posting though, can you show me where it says there will be no dilution and for the 2nd project to be fully funded through cash flow from the first ? I was under the impression it would be debt and equity the same as before, if there is a equity component then that will be 100mill like the last time minus hooefully whats left over from this build, if theres no cost over runs, will be ok if we are worth 500mill by then as it's not too painful, lots seemed to be unaware of the equity component last time

Didn't glencore gift them one of the projects, same as Teck, i could be wrong as it was a long time ago , but if my memory serves me right as ive followed this compnay since birth, both Teck and glencore gifted the 2 projects to HZM, your previous comment said it was obviously not going to the wall, well lots look like that and do go to the wall, my previous statement laid out the reason why the ii won't sell up at 200p which u have been banding around as a sale price, which just won't happen, maybe your just ramping to try and curry favour for your current losses, no biggie, just wait it out, being down is no fun but it will come good if ur here for 5yrs

If they didnt get the cash from orion n Co, yes it would of gone to the wall, like 99% of aim companies that don't get the cash, not rocket science m8, well for everyone else anyway

I have engaged my brain, have you ? How much you down ?
Why would they sell when they already have the gravy locked in ? Glencore have lifetime offtake, good enough for them regardless what happens, probably why they didn't take up their full allocation on the fund raise, orion and Co want this built, massive holders and have the royalty as well, just wouldn't make sense for them, if they wanted to buy it why wouldn't they have just let it go to the wall instead of providing the money and pick up the resource for peanuts, just like what haopened @ sxx

Because that would give the max return for the long term ii, they didn't gift the projects and sort out the money for hzm just for getting their money back, this compnay is run by them, make no mistake and they would want a substantial return, this compnay has been running for yrs and the ii expect decent returns.

You would think with 22k messages u would have a bit of a clue m8, ain't like u ain't seen all this before, guess u just never learnt anything on your ride over the last 10yrs

Hi Rover, wasn't it said that the funding would be the same as the last one ? I do hope that there's cash to pay from production by the time funding comes around, it has bothered me for quite along time, I'd be chuffed if it was from cash flow, I wasn't particularly happy at the dilution last time, but surprised the money came through, normally for these juniors that's the time they go to the wall, this is the 1 in a 100 ) amd definitely won't be bought out in until both mines are at full production imo

Says the guy that thinks we will be bought out for 2 quid smh

It also had no debt, the markets don't like debt without production to cover the costs min, in today's economic climate, this was always going to drop, the market sees debt with no way to pay it for min 2yrs, probably 2.5yrs due to ramping up as a warming sign, this is standard, if you have your position built, there's no need to worry, just sit on it, it will come good at some point, there's no rainbows here to chase, patience is needed, while most will be down, its very rare to pick the bottom, but in a couple of yrs this will be in a great position, hopefully everything will go to plan and we can all smell the roses

It has always been the desire of the long term ii to have this into production, the ceo is liked in the industry, that's why he has so much help, my only concern is the finance for the next mine, he said it would be on similar terms as the recent fund raise, which means we will have a 100mill to find, if this stays low it will kill PIs again, theblast round didn't seem particularly fair, but then we are only the bottom feeders in this world wide casino

Yep, sry my bad, I got it wrong, your right, options at 85p

Looks like the warrants @85p are kicking in, big after hrs sells

Don't worry Billy, if the licences were crap they would of been returned and certainly wouldn't be having 4mill spent drilling, the silence for me is encouraging

Well rich it's not based on today's trades, but over the last few weeks, but no biggie, everyone to their own opinion, I just get suspicious when I see very small trades going through, that's all, you can look at the trades for the week yourself

Looking at the trades hzm looks like it's being shorted atm

Hi Tricky2

Any other warrants hiding out in there at any other prices ?

Thanks for any reply

Sounds like the belt Road has reached them.

Will be nice to see some aerial data that we are due for this project, something to mull over and get our teeth into

The only way this compnay will disappear is if it is bought out, with a income stream now active and another 1 already on the horizon, that being Luansobe and ofc our 3rd string to the bow will be ka****s or whatever its called, so no, GLR isn't going bust anytime soon in the next atleast 10yrs, most definitely not with 3 expected income streams and then ofc we have our free carried upto 4mill drilling on our Kalahari licences, maybe we hear from Sandfire in Feb )

Open your eyes mate, there's a global crash happening

Massive potential for this project, 2miles long and upto 1 mile deep, all with good grades, cant wait for the Jorc in the 3rd quarter and mining by Feb, love that

Colombo u have gone from trying to persuade investors not to invest, to harassing the investors and trying to belittle us, been drinking that spur grape juice again ? For someone who claims to be so successful at investing but yet only posts negative views on all cb compnaies, it seems a bit far fetched, we understand your very bitter, im guessing you was obviously wiped out by Mr CB at some point, still, here u r and I guess will be staying, all I can say is those sour grapes aren't helping you to feel better, maybe try spirit's instead of wine