Member Info for Gallmat

"Plan for the worst, hope for the best"

Jack Reacher

Early settlement is a bonus, not a strategy

BTW.

Mr Bolton is open to discuss things, chatted to him a few times so you can reach out if you think settlement is close.

It is easy to get the wrong impression from a single video, I have watched all of them x2

Don't read much into that.

Yes of course we would like to settle but so does every person involved in litigation.

You can find other interviews where he shuts down that line with " I can give you their number if you want to call them".

Said it many times. You buy this for the ride and not a quick settlement buck.

I have been here 2yrs and many people even back then were hoping for a quick settlement buck. Your right settling makes sense but look at it another way. If you would offer x to settle why offer it now. Why not wait a year and offer it.

I mean that is a year's of interest you save.

OK, vsa just said that today is last day of warrant conversions. So I suppose some may have sold stock previously to fund fund the exercise and now that may be over.

Hopefully the warrant conversion gives us some power for marketing

Link?

I have a good percentage but I do not discuss specifics. Brings out trolls.

I took a little in emmerson recently when it dipped sub 2p.

This is probably my most comfortable holding in my portfolio

I think they are making progress but honestly i think DD is barking up the wrong tree.

Nutricircle is making better profits on lower sales as the model fits. Easy packing and dense high value goods. No issues on expiry because to be honest protein bars are hardly fine cuisine.

Boop could be great but I cannot see the expansion in stock that I want. I would love to see a massive focus on this.

DD remains too complex for me. Too many lines, hard to pack and bulky.

I really hope they do well as I spoke to the ceo before and I will keep tracking progress

I actually made ai move from case strength of 5/10 to 8.5/10 by just giving it certain rns files and also basic facts on who participated in the auction process.

The main issue is AI always wants to sound clever and give an answer, but often it misses key data and uses generic info which it then pretends is super relevant.

One thing you can try with ai.

Ask it to rate our arguments out of 10. It normally comes back with something not great, such as saying govs have the right to change regulations

I then tell it basic things such as we made a historic agreement. Also state how will they explain stalling us for a decade before regs changed.

You will then see ai will revise its summary alot.

Key point. I would not put too much emphasis on AI. Often it is not deep diving into key data.

Early settlement is highly unlikely.

My answer is it will just revalue with time.

The high gold price helps but the closer the trial gets the more people flock to the trade.

If u believe in the legal claim, why dilute the company like this.

What ROI will this small amount of cash generate. Compare that to the dilution ( percent holding) of the legal claim for each shareholder.

Not adding up IMHO

This is the type of presentation we have been waiting for.

Clear on how claims rerate

Bullish in tone

Clear on value of claim link to gold ( questions imply royalty)

Just more open, Clear and bullish

Well done Mr Bolton!

https://youtu.be/o5jyjfuiVUs?si=eTHiMBk24Gqitq5X

The company put in 1.6bn and it really is a sensible number. Look at the valuation of de grey at takeout and greatland gold now. These are tier 1 deposits ( with grades below ours).

They are not going to put in a moonshot value and loose credibility. 1.6bn is just 200 usd an oz on 8m ( which is the equivalent if you include credits). The company estimated it could go up to 20moz deposit. Yup very blue sky but I have a video of the Indian geology team saying of course more than 8m oz. That is the Indians saying it. They said the deposits gets better with depth and not all zones were drilled at depth or extensively.

Many mines around 1.2g per ton have aisc at sub 1200 and we are 1.9g. Also bhukia looks easy to mine.

Even at 3000 usd we are probably looking at 2k margins

I think there is plenty of upside to 1.6bn.

When people talk about getting even 0.8bn usd that is 100usd an oz

The gold price is doing wonders here.

Our claim is based on fair value of our asset. The value of our claim will be related to the price of gold.

When I looked at this business a year ago what stood out after doing a call with management.

Discount dragon was too complex. Too many lines to stock often bulky and low margin. Getting this right is super complex. Also some consumers are not on board with low expiry date items. Also the people who tried this before failed.

Nutricircle made sense. Smaller items, focused product range and a consumer who does not care about expiry.

Boop beauty. Superb high value low volume items and a business that makes sense to the consumer.

Personally I just think they confused large sales at discount dragon with success rather than focusing fully on the two businesses that high level made sense.

It seems like their focus is improving and finally they realise they need expertise in retail and buying.

Personally I will not buy until I see improvements in results and a laser focus on boop and neutricircle where I think real money can be made.

With the right focus this could be great but I see no need to buy yet sadly.

Yes. If u do not convert them you loose them

This gov is leaking so many policy ideas in the press that organisations are complaining!

Nobody can invest because they hear so many ideas floating around.

If this is how they run the budget, you would think there is some noise on oil and gas floating around as well.

IMHO we should focus on monitoring uk politics.

The gov needs to decide on some key oil/gas fields. Also there is a consultation on the north sea due.

These things will give a good heads up on where the gov is going in general. I personally think our project should be approved for gas extraction in all cases. However, if the gov signals allowing tie backs or softening on a big polluting field like rosebank we should have a super position.

Part of the reason I initially purchased pat.l was exactly this. I could see people being able to purchase the stock easily at a later stage.