Member Info for Gallmat

My view.

Just trying to let it complete without annoying GOI more.

It is in our interest for them to get maximum price.

The act of expropriation i think would have to be 2021, so not sure that this

Auction is that important.

There is another fact about the queensland class action that had not.been noted yet!

Honestly there is nothing to analyse.

The next milestone is the west african portfolio. If we get even 6m USD for it, that

Gets us easily 3 yrs operational expense ( without drilling).

With that we have no further dilution.

Then all we need is a case that gets to a hearing, tbh we dont even need to win it!.

When we get to the hearing we will have changed our implied probability of winning .

Do we think we have a case worth hearing at least. I would think so given it wad worth

Hearing in indian courts, we need to at least visit the issues in international courts

When we issue our case is not that relevant, 1m from now or 2 months.

We will get out hearing and rerate without dilution

Honestly sod starting the arbitration, focus on selling west africa

Google queensland class action. Behind a paywall but you can read first paragraph

I am not surprised as lcm say they do not like cases based on testemony and want written evidence

I haven't sold up. I am just spending my time looking for other things ondo.l had good news.

Strip tinning last week.

This could drag on for a bit so paying less attention to pat.l

Suggest you review past video's the CEO clearly said india can do what they like with asset as soverign state, BIT

Just states compensation is due.

In my view there is nothing to indicate any early settlement. The document we saw stated they

Reject our claim and the CEO it seems is trying to monitize our west african porfolio so we

Can go for the long hall.

I could be wrong of course, but there is no sign to me that india needs to settle soon

And our actions seem to confirm this

Machissmo, this will reach a natural conclusion in 3yrs

In terms of moving on, i have taken my stake here and will deploy capital elsewhere.

I will probably not post much going forward.

I have moved on

Some material scandi orders. Lets see someone really take it serious in material way

Probably the institutional investors had plenty of time to quiz the management at the time of the plaving. The delivery is now arriving so i expect it to rerate.

The nice thing for ondo is that as they build out the states in USA, they do the hard prep work for the next set of clients.

Lcm normally equire written evidence.

Seems like the class action has internal memos discussing naughty tactics. It would be interesting to see that in court :)

Supply shortfalls, massive artificial price spikes’: Electricity prices class action

Damning internal memos allegedly show two state-owned electricity generators devising methods to “bring price volatility” into the market for their own profits, a court has heard

The proactive interview is interesting. Sounds like an insurer is going to release some information on the commercial benefit of leakbot.

Hopefully that drives more interest in the product in Amsterdam

I am a holder, cash is issue.

I

Finally something strategic

. Company has cash

. Company controls supply

If multiple technologies emergy controlling the feedstock is key.

Come on UK pull your finger out and give these guys a long dated loan to get going.

I believe auction result must be public. I checked that

Thanks deck chair.

I think the summary is CEO is busy sorting out the dilution issue.

Why we are not at next stage no idea, but there is a good reason

CEO gets this. Bhukia is maybe a >50x return with 90pct pr.

The chances of making that from drilling do not exist. To compete you need for spend of 1m usd to make 50m of value, 1m of drilling could not possibly find much ( hardly any meters).

If we did not have bhukia, we would happily spend 1m usd to generate 10m usd of resource. Great result 10x. But bhukia is 50x. So it would be a relative failure if we were successful. Again not 100pct you even get 10x on mining ( rare!)

This is why limiting dilution is the key. Said it from the start and CEO is on same page

Sorry 80m should be 8m :) ( brain freeze)

But point is waiting does not really hurt us, makes us more than opex. Kalaka getting sorted is so important