Member Info for Gallmat

My autocorrect is going nuts.

I think the compound interest from 2021 to 2027 is going to be really powerful here.

I read up on numerous other mining companies with arbitrations and they all feel like the have red flags. I just cannot find one argument GOI has announced that makes sense for them to stand behind.

They went to court and just provided BS reasons which i am sure our lawyers can rip apart.

Other cases.

Gabriel resources. Nationwide protests. Environ issues. Unesco site

Equatorial resources. Lost permit but they needed to build bn dollar railways to get project going. Others in country accused of bribing.

Cascades. Some inveators in company had prision records, arbitration via local law.

Having read the comments posted. I really think our claim could end up being 1.5bn usd.

The wording cost of equity for junior minor, just implies something with a high risk premium.

I am starting to think we would easily be having an interest rate of 15pct+applied from 2021 to 2024. And i think in 2027 we might end up at 1.8bn usd.

This feels bigger than greenx and also cleaner.

1. No environmental issues

2. Local demonstrations.

3. No worries we could not develop capital ( expensive infrastructure is there).

What argument can GOI give for not passing us the license. They had a court case and came up with reasons like you changed your company name ( like google and facebook did).

How can they say we should not have given it to us, when they made an agreement to give it to us if we dropped our legal action.

The key thing is to keep an eye on the balance sheet and not get carried away with the story.

They were low on cash and are not yet cash generative.

Opening new markets costs cash, especially given year1 revenue is paying for the actual hardware.

The market just ran up too much and ignored practical issues.

Hopefully we see some (non trial)traction. If not i will be looking elsewhere.

Agree it was a bit silly not to tap the market earlier for more.

Personally i missed the spike, so i was quite happy to see the pull back to enter at 15.

Keeping a small % only in this. Still speculative until we really see some sustained non trial ramp up

Yup. That makes sense ( and was my original point). Without doing this it is too difficult.

I am happy they are raising money as it takes the worry away. They did indicate another potential 4.5m households in pipeline, which strangely i was disapointed with. I was hoping they were going for state farm or allstate ( no 1 and 2), but these would each be bigger than pipeline

Directly employing plumbers in 34 states. Uk, denmark, sweden.

Turning into a logistical nightmare. Some states are as big as countries in europe. How many do we need. What happens when they want to leave or do not get enough work.

Leakbots are high impact. Switch it on and find existing issues - this is why water companies want it as impact strategy.

Makes no sense.

Think like this.

What interest rate would you use to lend money to a junior minor operating in india. Probably a high rate. This is cost of debt.

What would you need to give equity as expected rate. Probably more than debt because bondholders get paid first.

Without doing any analysis we are being told the rate for calculating interest could be quite lending money to junior miners are risky.

I cannot quantify it as there are many assumptions, but my conclusion is it is good for our claim.

Our CEO has background in valuation.

This seems a bit confusing to me. Indiana is prime +2 pct from date of award to payment.

This is implying something else. Whatever it is, i think the cost of capital of a junior minor is quite high.

One for the lawyers

I cannot really argue against the comment of the lawyers ( even if i see exceptions)

If you assume exprop in 2021 and 3 years to settle 2037. 1.15^6 = 2.3. So 2.3 times our 2021 amount.

This is a significant comment.

Personally i would expect that over time a small cap explorer would become less volatile as it grows over time. So it might not make sense to compound with that cost of equity over the whole prriod

Rules in law do not always follow economic sense.

If it is true. This is important

I am not sure i agree with this.

I read some cases that they had prime plus 2%. Another used 10pct when euribor was sub 2pct.

The weighted cost of capital is

Debt % × cost debt *(1- tax rate) + equity % x cost of equity.

For a junior explorer the cost of equity can be very high. The rf could be 5pct and the risk adjustment for our stock is very volatile vs an index, high beta.

We might be talking 15pct+ but i would have to review my old CAPM theory and latest approaches

I posted a few weeks back that the placing was coming. They had 400m cash, no mention on current liabilities.

No way they could not place. Actually happy this is happening.

My only real worry is this idea of directly employing plumbers. Seems like madness.

There is a rush when you install bots, they fix leaks and then what.

Proving the business controlling the plumbers is just artificial. If they cannot outsource it does not make sense

I have taken my position. Now time for me to switch off.

Sounds like it could be a couple of months before we get the claims amount.

Time to start looking for the next thing.

Thanks. So i read this as $1Bn+. We then get to add on potentially 3yrs of interest to end of court case maybe prime +2%. Prime is 8.5pct at moment.

Not bad

Pangraf purchase a similar prices to other intermediatories. So we sell to them. This other company then takes a cut reselling.

Why should he take a cut out of our output using his own company

CEO. You are not honest. A trustworthy CEO builds the sales within the listed company

The response is do not trust these guys. Then CEO details.

My board is not independent at all

Lots pf transactions are to related parties. Trust me at arms length and overseen by the NED who all ran for the exit.

If the CEO cannot see he needs some oversight then this is the issue.

They do not need to take over the running of the company, just have an independent view.

He should not complain. They need to do this because of him

Https://pib.gov.in/PressReleseDetail.aspx?PRID=1984942

This might be the list.

Standard critical minerals.graphite, rre, nickel, Molybdenum, lithium and some others.

Not surprised they have issues with this. Graphite , RRE and lithium have been hammered recently. China controls them and they can keep the price low to make it uneconimic for others to make supply chains.

I suppose it depends on the comodities. Rare earths are not the easiest to process and prices are low.

Normally gold is not considered a critical mineral, although gold could be a strategic one.

They seem to indicate china is main supplier for items with low interest so i think we are ok.

Regardless, we need to crack on and start the process

7 to 33 spike

15 seems sensible

Just the election.

The action feels like a side show. Hope we just get on with it

I just want the clock to start ticking down and go to next stage.

Hopefully the auction is just a sideshow. We know how to value the deposit historically