Member Info for Gallmat

Not really great. If you analyse.

So they confirm we need 1m gbp to hit our target.

If we are not hitting our target we probably cannot raise money. So we are missing target.

Company could have states this weeks ago but did not. Since then lots of personel changes.

Wait for confirmation of cash in my opinion

I think the problem now is a couple of million might be needes for capex to ramp up volume to secure debt.

Problem is ceo has large ownership and cannot stand the dilution.

So we are in wait and see mode

Really need to find an offtaker who would make strategic investment.

They simply did not bite the bullet early enough. Shame because they just need volume and their margins are good

Well done. I am only here recently just about a week

Hope everyone finds the right strategy for all and we keep sharing. I will feedback on anything i learn on the lcm call.

If they do not answer on the day they normally answer it later ( couple of weeks). And post on the website

There is only one bad phrase.

Without this cash we could not advance our pipeline. So no commercial deals

Btw lit.l the funder is very interesting

Market cap of 110. Have invested 65m ofnown cash in cases.

They ask for multiple on capital and get performance fees. By time 400pct profit for 2 yrs. 600pct profit for 3 yrs etc.

Won 90pct of past cases.

They had a i think around 75m gbp of cases at mature stage so with luck market cap might be equal to cash invested in cases in

We all know roughly why we buy and agree :)

We just have different viewpoints on it.

If multibags we should have a pint over zoom !!

Lets just share info so we can all try and make money.

Can we try and avoid arguments.

Everyone can have their strategy and thoughts on timelines.

Lets use the board to state ideas and not criticise others.

All viewpoints are valid.

This is a 4 yr play.

But it might not be risky at all for anyone after 2 months. Just depends on how you act and think about it.

I will post less. Sorry i am taking over board. Apologise.

I just wanted to let you know i submitted questions to lcm for their investor meet presentation. Management often answer questions for around 20 mins and they are very good. I submitted these for us.

???????????s

For panthera resources case ( the gold case vs indian gov)

Can you explain.

1. Why can indian gov announces the intention to sell the disputed mining asset? Is this allowed or should it be frozen pending the arbitration?.

2. Does the indian governements own valuation of 1bn usd ( quoted in times of india by their geology service) help support the size of claim we might submit?.

3. Are there incentives for governments to take resources (this is similar to green ex). They can sell the projects to others, and then try and settle a case for a fraction of this via arbitration. If so does this activity give a good pipeline of cases for lcm. We saw articles on linked in about mining being a speciality for lcm

4. Once we enter arbitration is there still an opportunity for an early negotiated settlement or must the outcome be decided by tribunal?

Happy they finally listened about share buy backs after laughing it off in prior call.

If 1m does not mean much to company just buy back. Making 100pct return and also lets shareholders exit if they feel like it.

If your sitting on 100m gbp what is issue in allocating 1pct to this to ease some pain

Sold at huge loss. Sorry that caused latest fall.

I cannot see how they can demonstrate going concern.

With all the critical minerals buzzing they should have someone able to give cash for offtake or a government grant like. Bres from usa.

But nothing strategic is mentioned just approaching banks etc.

I think there is a far safer way to play this if i am honest.

Good post.

I m

Why are people looking at technicals.

I purchased 5k and it moved alot.

I have no information.

If bad news comes it will tank if good it shoots up

Is there enough volume for technical analysis?.

I think the case will have merit and will have some strength.

But in reality it reality if it is good enough to get us to have an arbitration it is enough.

It will take time but really ultimately a settlement will be good for all.

You should watch history of lcm presentations. 90pct plus settle and ceo loves that.

They even target in other cases companies who have litigation insurance. They then know they have recovery. Lcm knows the insurance companies drag it our even if they loose. While they dont pay they can use that case, get interest and fund new business. Only cost is a bit of manpower.

The real point is to use game theory feom economics.

What would you do in situations.

A. I would take asset no matter what.

B. I would not settle today for full amount

C. If i settle i would do at end in yrs time.

D. They wont settle for full amount.

E. We dont care even if we get 30pct because it is still huge.

Basically eveyone will have incentive to settle if they manage to sell the asset. That is what i want to check with lcm.

To clarify. Once they say you win, you have to pay.

Lcm have case like this vs tanzania gov.

However nothing needs to happen until final judgement. That is years away and we can settle anytime up to then.

If you follow my argument. GoI can make money if we accept a % of damages.

Would we accept 40pct rather than 0 or 100%. Yeah. Because the gain for a small company is so big.

Even if court case is in our favour massively they can play chicken with us at end!

Just because you start process, it does not imply you cannot both agree to settle it after process starts.

It will be like an out of court settlement. Lcm once said 90pct of their cases go that way.

I regularly email cfo. I will clarify with them if i can.

Yes they can. The court case will go on. At anytime during case they can offer to settle.

If you follow lcm ( litigation funder). He explicitly mentions this.

Better to pay litigation costs and delay settlement amount. I followed lcm for 3 years.