Member Info for Gallmat

This is the model.

People get pensions via an annuity. Sometimes you want that money now not in 2yrs. They essentially give you your money early so you break the restrictive fixed payment cycle.

This sounds exactly like what David did with payroll. Giving advances to people rather than waiting for next pay check. This is right up his street

It looks like a near perfect alignment.

1. Case studies of people accessing funds without complications and instantly

2. Using a Mastercard in your name

3. Making it better for clients so people use your fund.

Very innovative!

This aligns with the website from David.

http://www.pensionpay.com

Its nice to see some stabilisation with the larger trades. However, I expect we still need more churn as ST traders did not get their easy money.

Fundamentally I think we are in a good place as 1.6bn is not some inflated number. If you adjusted the de grey study for our grade and a gold prices you would be hitting 3bn usd+. Our claim is 50pct of this and already reflects the stage of the asset.

I have said before if you make a simple royalty argument using.

0.5m oz of production ( 7m+ in study)

30pct royalty ( other lesser deposits were in 20s)

3000 gold ( above that and can hedge)

You can easily justify 450m usd award pre tax.

I still believe that the award will be large, and not on the basis of wishful thinking. The rise in the gold market really made a good award hard to argue against

Looking forward to the boring long hall.

There is no need to take event risk, just be patient. Lth have this superpower

Sorry you made a loss. Good luck.

You are a very pleasant person well done.:)

Well done on your trade.

Everyone can make money from it.

Might be more sporting not to challenge people when you are right.

Metals.

Speculators need to sell out and if you look at the volume really hardly anyone sold.

I sold some prior to the soc to risk management. How happily picking some up.

At 3pct of claim this can easily be 10pct in 18m as we go to trial.

I held for 14m for 6p to 18p so no.bid deal

Doing nothing is easy if you have conviction

Vsa note out. Target price of 80p ( from 40p)

Great news for malawi.

Also for the people who live there. Upgrading power and mining taxes can really make a huge difference.

Hopefully good for us and them :)

There is already a vsa video out.

Deck.

Think we are seeing a classic split here. Long terms looking for longer hold and short term.

In a week or so we will probably be back to one group the LTH. So I agree this is just the inevitable churn

As a LTH ( like many others) I feel very comfortable. We understand the claim.

We came from 6p to here by simply being patient and waiting. Now I will just be patient and wait.

Magoo9.

When you think about 20pct award. That is 300m usd. What does that look like in a royalty argument

That is like producing 0.5m oz at 30pct royalty at 3000 usd.

1.5bn ( 0.5m oz x 3000) x 30pct = 450m usd

900m x (1- 30pct corp tax) = 300m usd

I was thinking 1.5 to 2bn due to greatland gold market cap. Active mine ( paid for) with a slightly less robust development project.

Seems like a very reasonable figure that can be defended.

What alot of fuss about out nothing.

You either trust management and our lawyers or you do not. If you do not then I would suggest selling even if you do see a Monday rns.

The company needs to deliver the rns inline with rules set by the stock exchange not impatient investors who want it by 6pm so it suits them.

Every communication probably needs sign-off from the ceo, lcm and legal teams.

Magic beans.

I have a suggestion. If you let me know your ID I can happily remove you from the telegram group.

Ed

Completely agree. A seperation plant without feedstock is not much use.

If the EU are serious they need to back the projects that exist. They don't have years to pick and choose.

Also their hand might be pushed by the USA if they go on an asset grab.

Sounds like an easy win for EU as they already know mka management well

:)