Member Info for Gallmat

Copper is a nice to have. We would need to know it could be economically recovered, so not putting that much on it. Nees a dfs.

The document earlier showing how close we are to infrastructure:Airport, rail and major highway was interesting.

If we can use grid power via a connection rather than humping diesel around that is also huge to reduce costs.

Some of these mines in africa are in really remote locations ( we lucked out with this deposit)

Np.

If i invest i always reach out to the CEO. We are handing over our money so we need to know we can get responses.

The CEO has been great so far.

I think his experience of directly dealing with India in the past is key.

There has been some discussion that we cannot move to next stage until we have waited 6 months.

I have checked with ceo and this does not apply. Per the email below. So the decision on when to move to the next stage seems to be in our hands!!

Hi Mark,

The provision cited in your email below is Article 13(2) of the Australia-India BIT, which is a requirement that applies when there’s a dispute between the contracting parties, i.e. between Australia and India

This dispute is between an investor (Indo Gold) and a contracting party (India), which means Article 12 applies. Under Article 12, there is no codified minimum period.

Thanks

Mark

Kitrash.

The RNS is perfectly fine. This is an arbitration play that might take 3yrs to complete unless we settle early. Nobody can do anything until the process formally kicks off.

If the ceo was on a beach having a pint i would be delighted

1. We would not sell.

2. How would it look if you buy people suing you to stop process

i agree that we will not delay activating bit based on promises. i only think negotiations can start with this running in parallel.

not making a fuss about our claim while they are auctioning also makes sense.

in general we do not want a big hoo hah in india if poasible.

not ******* off the other side is important. in the end negotiaton is about finding the least worst outcome and agreeing.

so as annoying as goi are we still nees to take the moral high ground and keep negotiation open

Ed. I think you hit the nail on the head.

Once nice thing is we updated the GOI estimate to 7.2m oz ( previously we quoted 6.7). This reflects the latest drilling. The copper might get us to around 8moz equivalent.

Personally i want them to exhaust all channels for settlement so this is positive for me. It might imply india has not responded or has not rejected communications.

Seeing us quote a higher gold estimate is nice.

I think this is all rational.If you are/ might negotiate.

You do not want to release some big claim. That hits the indian press and it makes discussions more difficult.

Also GOI needs to see who is interested and how much they can raise. We also need to know thier position

Negotiations can only start when both sides know their situation, and you want to discuss without this getting political ( as much as possible)

This is what i expected.

They kept their word Q1 update

If there are negotiations they are confidential

The treaty asks for a period of negotiation so they are resepecting that.

Most likely they are waiting for auction. Why release damages until you see that. You dont want to under shoot

Out of interest. Did they go to arbitration? And did the price rise as they go through the court case.

I am interested in the stock reaction, not the final.result

Thanks rich

Can you share the names of the stocks so i can research them

Yup. Might be a rinse and repeat. Fair game.

How arw comms in general here do we normally miss deadlines

I am ok with small placing but would like to know.about the update.

It would be annoying to do it before releasing the claim.size

Mine were the smaller. These look like larger trades, maybe placing coming.

Just me. Nothing special

I will make that one easy.

Lcm will 93 pct of cases.

Lcm are funding pat

Pat have huge tier1 gold.asset taken by gov of india

Indian press is saying it is worth 1 bn usd. Broker is more conseravtive at 750m usd.

Company trades around 15m usd so 50x if they get broker estimate.

Investors are waiting to find out the size of the claim.

Normally these mining litigation assets trade up to 20pct of claim value, however a final decison takes 3 to 4 years.

They might settle early

Queensland power. Was quoted as being a 1bn aud class action in press. Think we are on 20 to 30pct of award. Should be heard around mid year

Email him and ask.

I suspect we won't get much this week as he was out for 2 weeks. I fully agree a general update would be great

Oct 2023. It is latest one on site. If you subscribe hopefully you see latest.

No smoke an mirrors from me. The quote below is from last results.

Pls dont be angry with me i am just pointing out something they wrote. Their words not mine.

Why do i think they need alot of capital. They wrote it down.

Nope.

He said it publicly. Watch the vid.

So i reasked in calls. Nothing wrong.

Look at the video. Did he say nondilution. Yes

Did he do raise yes.

Was he saying no raise while writing about a raise in official rns.

Feel free to insult me. But i posted the facts. Watch the vid. Read the rns.

This is not me it is the company