Member Info for Gallmat

Thanks for being constructive :)

Personally i would be interested if the change of gov has changed dynamics.

It damages can be revised upwards and downwards during hearing inline with commodity prices of blue sky discovery.

Also if interest accrues at spot or past. Given usd libor + 2pct is 6pct on maybe 1bn. Might be worth an ask.

Thanks for feedback.

My main objective is to connect, many ceo's ignore such requests.

I want to also directly address the future dilution issue

I just want to have a friendly chat if possible. You seem to be well researched, if you have better questions let me know.

Gabriele just lost their case in part due to such issues. I want to ask short questions on many topics.

1. Is litigation mentioned in sale docs.

2. Local opinion on litigation

3. Gov change in dec 2023.

4. Does auction result limit value of claim.

I expect the call we be later in next week as he returns on Monday.

Good to see a CEO who is willong to talk to investors

Good morning.

Are there any questions you would like to ask to the ceo?. I am trying to arrange a call next week, hopefully next Monday.

I often reach out to companies and the good ones agree.

I plan to ask about red flags around the project ( local opposition, environmental issues).

Plan for managing active assets vs litigation.

It wont get approved.

I went to the agm. They were aitting there scared of protesters.

3 old guys who were afraid to even have questions raised.

When you attend an agm and meet the people you realise what it really is.

Many thanks for the corrections.

Always happy to listen to any poster

This used to be a dependable growth story. Now it is a continous source of operational issues and warnings.

Annoying because also seems great and my experinece of national.express has always been positive

A good point.

The ramp up is also dependent upon installing concentration units. That is because the grade is not high enough.

The question is will people invest to allow them to show their operation can run?

I am frustrated with this one but still monitor to see if progress can be made

To clarify gabrielle - lost

Apologies if confusing

Https://icsid.worldbank.org/sites/default/files/parties_publications/C3765/Claimant%27s%20Response%20to%20the%20Respondent%27s%20Requests%20under%20ICSID%20Arbitration%20Rules%2028%281%29%20and%2039%281%29/Legal%20Authorities/CL-13.PDF

Information on timelimes. Quite good on average.

Once they have hearing takes over 1 year to get answer. But we can have lovely run up to 20pct of final claim qnd then derisk!

How is a vat refund a long term solution.

You pay the vat on inputs. As we increase production the money again will get tied up with the gov.

In steady state production we will always have a vat receivable. It is not like this is just cash we can freely spend.

I see they lost.

Is anyone else thinking about derisking and moving profits to pat.l?

I follow lit and recently took a position in pat.l.

From what i see they might make a claim of circa 1bn usd vs market cap of 11m gbp.

Sounds like greenx from years ago.

Lets keep to facts. I just wanted to show issues with corruption in area we are claiming against.

I

Just a spike.

Look at PAL.

Backed by litigation funder who wins 90pct of cases. Going to sue indian gov probably for 700 to 1 billion usd. Market cap 11m gbp!

They also have mining assets

Tang will take it private. Be careful.

He purchased polo resources for some reason and then you cannot even contact him. I sold but still have 1k in there.

Buy on rumour but do sell!!

Tang. Took polo resources private.

Never contacted investors since. Complete scan artist.

They effectively lost everything. Be careful!

I think the corruption will always be there no matter who is in control.

It just gives a little more help for us to believe we have a solid case :)

Normally a ceo who is invested ( high share) is a good thing. The issue here is the ceo cannot stomach dilution because the thinks about the impact on himself.

Yup dilution is hard. But when thw price was higher. Consider JV. When you know you have limited capital take the hit.

Classic case of kicking the can down the road, waiting for the world to pat you on the back for what you did. Build a mine, buy new resources.

The market is brutal, if they know you are cash constrained they will bleed you dry.