Member Info for Gallmat

My point is not that PAT is worse than others.

Mondero. Is close to the end. The goverment settled one case. Lost indiana. Good chance they will win and rerate.

Equatorial. Yes funding themselves. However their license was taken at same time as 3 other companies, and one of the main people impacted was funded by Burford, industry leader.

There is no harm in looking at other trades with rhe same theme. I also discussed these names with someone close to this space

I built my strategy on this being a Q1 reveal so that has not really worked out.

I am looking at montero and equatorial.

The stories are not as good but cases are more advances.

That was my main annoyance at the delay.

I can see us having to raise money before the news hits and doing it at a low price. Probably there are a core of loyal investors who do not mind and will get the cheap shares

So looks like we have 3 big companies including Hirukund Natural Resources

The other 2 are small i comparison. Hopefully enough for a bit of a bidding war

Thanks for the correction :)

I did a very loose search then!!, i am very happy to be wrong :)

Jindal power are also large, so there are in my view 2 sensible companies. The others just get us over the minimum no bidders for an auction.

I cannot see any reason to comment while the auction is ongoing. This would only annoy the GOI and ultimately one day we may need to settle with them.

Thanks for the posting

It lools like Hindustan Zinc is the sensible winner.

Given the lack of competition i wonder how competative it will be.

Anyway at least they are moving on

The next RNS will (IMO) just be us moving to the next stage, damages i think are coming after that.

this is now a trade on time, frustrating but we signed up for it.

I think we will all be relieved when we see our claim size

I am not expecting much in the short term. The last communication from CEO indicated we will move to next stage probably before we release our claim amount. the only thing that feels good is our claim is increasing at maybe 0.8% per month, but TBH do we care if it is $1.Bn or $1.08Bn (not really)

anyway, we chose this so we just need to be patient. annoying because capital is tied up

This is just a company with no options.

CEO underperformed

The other group have no experience.

Like deciding which blind man to steer the ship.

Maybe just focus on stocks without such horrible issues.

If the CEO had any positive news he would have laid out a firm plan

The company has no plan. Move on.

I took a big hit selling earlier.

There are other opportunities out there.

To get out of this mess.

Offer 30pct of the business to another emerging graphite producer and let them have some operational control. Blackrock or walkabout.

But the CEO cannot stand loosing control and because of this he will destroy everything.

Interesting angle here.

3 companies were impacted by the Gov. One claim is backed by burford.

It sounds like the goverment screwed 3 companies at the same time.

So maybe there is an argument their cases are quite correlated, and indirectly validated :)

It is all setup. Instiutional research, confirm guidence is correct and raise.

Nothing wrong here at all. All investors want a return and these guys are putting in 20pct of the company, so they need a decent entry.

I would not have put more in at 30p. Why would you, they were short of cash.

Hopefully now good news can start to impact the stock again.

I opened a punt position on equatorial resources on asx.

Around 10m usd. With roughly the same in cash.

They are using the cash toself fund a case vs

congo.

The are far more advanced with the hearing next year and going for 400m usd to 1bn. So 40x current.

Very illiquid, but could be a nice way to make some cash on a similar theme.

The congo gave away their license. I can see why the gov did it as they needed someone to build a huge railway to get the coal to port.

Practical on the side of the government. However they may have still done something naughty.

At 40:1 worth a punt.

They also messed with 3 other companies who are also taking them to court.

Maybe the uk gov could stop just talking.

Give these guys some funding and get on a plane.

Thanks @sheer

The whole thing seems like a monty python play!

That case and ours

It would be great to have a new presentation where it mapped these key items out vs a timeline.

I know we can trust lawyers, but this also.makes for a good read

I remember this one.

If you add it to the situation where they said we can have the permit if we drop our local litigation ( which we did) then it is even more bizzare.

There must be a document trail where they say we can do it if we follow certain actions ( which i assume we did)

Not sure i think this reduced the value of the company. Previously they had cash shortfall.

If the 4m gbp can be used to get us to breakeven then this was very good.

The company needs to share some forecasts