Member Info for Gallmat

Wow.

Not sure how you found that one.

Do you have link?

The last 2 videos were very nice. Good comments from GSI and also hearing from the geologist.

Wait is driving me a little nuts now, i guess i have read and watched all the good things out there by now.

Yup, more detail on that is interesting, given the usa has hot states.

They actually did a good job on Q and A, first section were nearly all mine.

The smart meter competition was answered ok, but they stumbled a bit around state street and ting, which was probably positive.

Could be a good medium term story, still digesting the answers

Around 45 mins is good start.

Explains they did not use their soil sampling data so just looked at historic areas.

Anomoly is bigger than 2 known 10m oz deposits. The ones he superimposes on diagrams

His opinion much larger than 10moz.

Goes over CEO's career, including being CEO of multibillion leading canadian copper company. His role in incubating companies and helping them list, need 2 hands.

https://www.youtube.com/live/IXTh6tu6iyY?si=ZqZi07GaB80tCF4N

From 40 mins explains bhukia. Geologist explains why it is 10moz.

GSI just drilled where they had certain identified zones. When they did the work they realised gold anomoly was consistent across area ( inbetween zones).

Geologist is saying 10m oz+ with glee.

Add that to my last post ( hosted by someone from GSI) who said they had not fully drilled each zone equally ;structuraly ore body is wider and higher grade at depth; greenfield opportunities.

I imagine they base on 7.3 and then slap another 3 to 4m on as blue sky.

They make analogy to another deposit i have not researched.

I take that sort of comment with a pinch of salt. We are still proving it out.

It does look good, but we just raised at 14p. If others saw a slam dunk we could have been raising at higher.

Everyone has a story

Interesting presentation. The key for me is there will not be a big bang moment, lots of partnerships with progressive ramp ups.

Sounds interesting but with 280k manufacturing capacity this is not set to explode. Lots of long business development required.

Happy to have small stake, no rush to put more in yet

Btw, good news still on track for 8pct of global market

Is he nuts, i mean you cannot get 2m USD and you are telling people about expansion.

This is the real reason. Can you imagine an institutional firm meeting him and listenign to this crap. You invest in people.

He needs to accept he is part of the problem. He acts like all issues come from nowhere and he is the good fighter.

Yup , you do fight for us - but you create the issues, so realise you need advice and help.

Questions. Why buy a frigging mining fleet. On now we raise financing against it. Don't do it in first place!

Just watched the presentation.

1. New guy is like a young robot

2. No mention that they mislead investors laughing at the concept of equity raise being needed.

3. Complete lack of explaining all these red flags until the shareholder letter hit

Basically a scared board now opening up, because they were called out. Not trustworthy.

The ceo makes it out that the cash constraint was just a thing. Seriously if you are spending 20m gbp think about having a reserve.

Ceo let slip the only issue was needing a prospectus to go over 20pct of capital. He did not anticipate it and could not face it. Any sensible ceo would have started to do this and bite the bullet when you see capital issue coming.

Sashir sounds like a story teller, fighting heroically for shareholders. Nope you did not manage cashflow, you did not raise the capital with a prospectus when you could. You repeatidly did not honestly communicate working capital constraints while saying you are going to be 8pct of world capaicty.

Nobody, nobody will take them seriously for a big investment.

Final thing. Gold and copper mineralisation becomes wider and higher content at depth. Given former comments on narrowly spaced drilling only being complete in 1 zone, i would guess they have not drilled very deep.

So our resource could also be open at depth with good grades

So the zonw with biggest resource is only because they did 3 stages. He suggests that if more drilling is done on other zones then resource can increase.

See final slide with conclusions

Guys this is brilliant watch from 18mins.

I think he said reason one zone is higher resource is only because that zone had higher drilling

Https://youtu.be/1aywACgdQns?si=2UN0xzCEfHcXRieV

19.23 mins. Shows a summary of GSI resources.

Nice looking table

I always get confused there is ton and tonne.

One is 10pct more than other ( one is yank definition).

I am pretty confident they will add blue sky to what is measured to the claim. I doubt the drilling has hit all targets. When they drill deeper often they find more.

Pretty sure we will base our claim on the 7.3 with about another 0.7 implied from copper.

I would expect there is another 2 to 3m. Ceo said 10 to 20m oz was guess. Normally some at depth

Https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1400-tsx-venture/mon/90783-montero-secures-us-2-32-million-funding-for-legal-proceedings-against-the-government-of-tanzania.html

One other correction. The headline number for indiana. I am not sure they have 100pct interest in award. They have a complicated holding structure, so maybe getting 70pct.

They also would not confirm if corporation tax was due on the award by email. So at this point i ignored the trade.

Both factors combined can really reduce the reward

I think you can imply why the valuation will not be released.

The presentations show we have been blocked many times. And the compensation is for the time of expropriation. There are many scenarios to analyse.

Damages are linked to scenarios. A rational economic agent will use all the time available to analyse scenarios and maximise shareholder value.

There of course is a tradeoff if you need to raise money, but waiting is 100% rational and not a sign of a problem or mishandling.

One thing on equatorial. We only have 13m usd funding for a billion claim. Their cash balance is close to what we have from litigation funder

They may need to raise for opex. But so might we and we have a longer way to go.

400m usd to 10m usd is still a rerate story and alot happens in the end