Member Info for Gallmat

My stance is to wait for confirmation and then I would ask company.

Like some others I think a specific RNS might not be required, more likely it would be commented on in a general update RNS.

My takeaway is the company does not like information that might lead to ramping as smaller shareholders can get carried away and burnt. It came up in a few chats

The auction I think had many implications, this I am not so sure.

If we do get an RNS it will only be off the back of official confirmation. If I see something I will ask company

Agree sheer class. By auctioning the asset they did so many things :):

1. Showed people would bid. So it is economic

2. Showed no regulatory issues. Government was happy to issue a mining permit

3. Gave to a company with smaller cap, indicilating smaller companies could find resources to do it.

4. Confirmed they know it is valuable

And in my opinion they also now directly benefit as they get an additional income ( royalty they would not have had otherwise)

If it is true or false it has no direct impact on our current arbitration process, so no RNS would be needed.

Unlike other situations say when people speculate about a takeover.

This is very interesting but ultimately indirect info.

Guys. Wonderful work as always :)

If we make money we will have to wear sherlock Holmes hats on our pub crawl !

OK. I think I am wrong then.

Love it when I am right and wrong :)

An example of how newspapers mess up. I had this corrected a few years ago.

TOI are very good but need that confirmation

https://www.cityam.com/arctic-miner-greenx-to-pocket-740m-in-damages-from-polish-government/

The only good thing is that it is in TOI and that is a big newspaper. See wiki below. 4th largest by circulation in India.

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The Times of India, also known by its abbreviation TOI, is an Indian English-language daily newspaper and digital news media owned and managed by The Times Group. It is the fourth-largest newspaper in India by circulation and largest selling English-language daily in the world.[1][2][3][4][5][6]

I think if it was true we would see something on an official website. Does anybody know what to check?

I once corrected an article on greenex in financial newspaper because they said they won, when it was just a hearing. I had to contact lcm to have them.fix it

Guys.

I would not get too excited it might be a bad article!

Great work

I do love how they say it was dismissed by HC so easily...mmh using a new law that probably goes against the BIT :)

That is nice.

I am no lawyer but I always thought the act of completing the auction was more important than what happened after.

That auction showed the intent/williness, to take the asset and grant a mining license. I think this made a clear argument that there was a route to development and people were interested ( it was economic). So I hoped this weakened GOI arguments.

I think we will find gold but we just do not know how much.

I have seen rock grabs like this a few times but it did not always translate into great results. Just need to wait.

We are getting rid of assets not.buying them.

I think we plan to farm out everything. We don't want to spend 1 penny on the required exploration cost as we need to issue shares and that implies the value of bhukia per share decreases

Agree.

Magoo.

Final post of day.

Kalaka is doing hole twinning, so just repeating the previous results. This is lower risk as I think they twinned prior holes and they matched.

The idea for kalaka is to learn more about the higher grade zones. This just derisks the project. Think 250m at 0.5g per ton. With say 50m at over 1g. Targeting the high grade bit accelerates returns.

Bido basically has no comment. Ceo is not saying to expect bad it is just first drilling. Could be s&**/bad/medium/good/brilliant.

I think the spin out is driven really by kalaka as this seems to look like a project if metallurgy is good. The others are very much early stage, so I expect the spin out is more focused on kalaka

Depends what you like. It crashed on deal as they raised equity. However the value bonus was a working asset spitting off good cashflow ( maybe limiting dilution)

There might be value but not personally for me.

One major walked away previously. Deposit is 100s of m underground etc.

Like I say could be a good trade but not what I want. Happy to discuss more but on their board!

I have no issue with odd comment like this on board. We posted on greenx, however these 2 stocks are closely related.

Interesting people getting excited about greatland going from 600m gbp today to say 1.2Bn. When you can buy pat at 13m gbp and maybe get the same return.

Horses for courses I say!

Rider

I think it is not worth the effort.

You are pointing out there might be a chance for 100% gain from same trade but people are not interested.

I think the people who made the real money ( holding from 12p) doing the pat.l style trade left. We now have people arbing market cap to settlement amount. You will get shot down because they are a different set of investors with different objectives.

Many Thanks. The website I looked at had it in the wrong currency! Have to double check everything