Member Info for Gallmat

The main focus of a spin out is kalaka, any good news on bido may be important as it just helps get the deal over the line :)

That interview was nearly 2 weeks after drilling commenced.

I am pretty sure some holes had already been drilled as they are 40m and a rig does circa 200m a day.

He emphasised to look out for results. I still wonder if they can see some gold in the assays.

VSA videos. Yup i watched them at least 20 times a day :).

Their CEO ( the interviewer) gets it :)

Sub 20m USD with claim of 1000+ USD. Huge value

Nothing new here

I just purchased 5k this am, and it started a low volume rise.

However something is stirring in general we are starting our litigation for potentially 1 billion USD. Check out VSA video :)

Correction reported nav was 90. Adjusting items at cost to historical moic increases them

Good to see ig index banning new long spread bets.

Sell at 102 buy at 106 :).

102 is less than last adjusted nav of 90. Remember some was at book value so should be higher.

Add on 6m trading and comments things are in line and clearly at this price we are at below book!!

Love IG, just cut you out when a good trade is available

Trades are mine

How can they miss so consistently

If one day we do get a result we should do it

Shareholders pub crawl!, i would fly in for that :)

Railway tavern works better !

I was in London, now Budapest.

Lawyers are in Liverpool street, u might bump into MB one day :)

Btw, where r u based UK?

Yup, but sounds like we have completed drilling rns which i expwct does not give anything valuable. I doubt they will comment on bido as they expect the results by EOM so why say anything that is not validated.

Are VSA making research?. The interviewer was at least bullish rather than other lot who simply ignore all positives and include all negatives :)

That would be great :)

You can find people with 2m oz for circa 10m usd on asx. They could be just undervalued, but i do wonder the value in kalaka and bido being early stage.

MB has used the term significant value so very interested where that comes from.

Works out about 250 before tax (25pct) and other shares.

I am very bullish on settling. If they think they might end up shelling out 600m om 1bn claim it seems ok.

I have no idea what to expect from WA. The real question is can shareholders actually realise any value from the spin off. Bido is strange it was very bullish when i listened to interview, but i felt it was a " not costing much might as well do it" marginal thing when having a chat.

Taking a diacount is not that abnormal. I think normally you get 60 to 70pct of claim. I read it in prior research.

Best just to get it done. Even if we ended up with 160usd after tax that is enough to finance a small mine or larger one with debt financing. Sure we could pick up a JV quite easily, as these small guys get diluted to f^&*& when trying to raise equity component

He always says settlement is the best way.

Personally i dont buy that we are not ready with our no. We had only one new piece of information the auction result and they would have discussed how to use it in advance.

Maybe they want to hold it back to hide our hand or they dont want to create a big political stink while the negotiate, that makes sense but i find it hard to believe our claim is not done and dusted

I agree with the interviewer.

Invest hard now while it is cheap and take 80pct off table once we rerate.

MB did seem rather happy to be there :)

MB is very optimistic on bido which i am surprised by. I thought drilling this was a marginal decision and the interest was in kalaka!!

Do we have visible gold in the assays already?

RC drilling is fast and they are only going down 40m.

Clearly the number is known and very interesting they point to auction to upscale the 1bn number from GOI

The standard is often used

https://academic.oup.com/icsidreview/article-abstract/32/2/304/3072671

Examples of the clause being applied

https://orgs.law.harvard.edu/hialsa/files/2017/02/When-it-Comes-to-Applying-Chorz%C3%B3w-Arbitrators-Are-Staying-On-The-Marked-Paths.pdf