Member Info for Gallmat

One thing is long loop guys rarely comment on costs but ionic have a study. I think 28 usd without feed and 48 ish with feedstock.

Our study was 23 ish If I recall with feedstock ( which is main cost).

Long loop has a place in the market and can by definition give inputs to super high performance magnets but cost matters

A key point is the EU has a framework to ban the export of REE waste as part of ResourceEU initiative this year. The uk will do the same ( follow the leader).

Cotec have been lobbying for this is USA, probably it just takes sometime to make a framework.

Personally not get frustrated with share price.

It is nice to know gold is adding value and the stock is not moving.

If it stays like this I will rotate profits into the stock in a month or 2.

Bido drilling is really early stage. So I don't expect anything. You need to geology model, recovery studies etc.

Kalaka is more advanced maybe a very early PEA might pop out

My personal view is the market for gold fundamentally changed, if we have a chance to retain kalaka with minimal expenditure we should.

I would not even care if we raised a couple of million to drill as it is peanuts.

If we win the case having 0.8m oz project that we could be started with a fraction of our winnings makes sense.

It's like doubling up. Make an oversized gain and then invest in a mine. Mali might have higher risk but hey if you made 5x would you care staking 0.5x to make another 3x?

I think the drill results are ok. We found some gold and some with good grades, always nice to find some high grade shoots.

Not smashing it out the park but could be worse

Honestly the year end valuation everyone needs to work out. One day we all face the sell decision, best to form a fundamental view.

80m for 7.2m oz is valuing us at 15 usd an oz.

I would think our all in costs might be 1200 ish. Gold at 4500 an oz.

U think any award will be less than claim but it still needs to reflect reality.

I think if you adjusted claim with today's gold we go from 1.6 to 2.2-2.4 and I expect gold to stay high as trump has mid terms late Nov.

As for what % people put on it that is up to them.

If I am right we are on sub 4pct of claim

if depends what you mean by delay.

if india turn up last min and say we need a 3 to 6m delay. i am pretty sure the panel will be ****ed, especially as our chair is very big on time wasting.

if they say sorry we need 2 more weeks, probably it is fine. does not look good for them but not a deal breaker.

i expect them to stay on track. but if they are 2 weeks late who cares. clearly i want the trial soon.

an interesting idea however is what i'f t hey did delay ( i don't expect it) but it could be great. they delay 3m. some people sell out. the panel is absolutely ****ed with them and we get cheaper shares.

remember one of the things we argue is fair and equitable treatment and they wasted our time for years in india courts. can you imagine if they do that again infront of a panel and waste their time :).

not seeing any downside either way

For prudence it is probably best to assume a limited update.

Actually just hitting the deadline would be a huge success. Staying on timetable is one of the biggest things.

Yes I expect this. I expect india will keep to the deadline as they did a good job so far, but I am also OK with a small delay of a few weeks.

In life people try and take the mick if they can.

Any big delay I think at this point would annoy the panel.

Anyway gold is high. Look on the bright side

PantheraLTH.

If you request to join you will be let in

Agree. In a court case it is always full denial.

Reality is that i expect the company won't comment on the arguments in an RNS.

The 2 things that matter here are time and gold price. Both moving in the right way

It is received. It is a closed hearing so they cannot say much.

The lawyers will also be all over us. They don't want the case f&((d up because we broke the rules saying too much.

My guess we get minimal actual info and maybe a comment that management are satisfied

Well it was organised a long time ago. The key item was rare earths with frustration shown by usa who want to speed up.

Not much focus on gold driving it, not sure gold and silver are classed as critical minerals in most frameworks. More graphite, rare earths and other minerals

Why are we discussing gold and silver. This is a rare earth stock

JT went out and recruited Rob Harwaed to deal with the gov.

Trump offered him the role of national security advisor in his first administration. Also ran the navy seals!

Can't really do better than that for managing the grant process. Cotec will deliver

The idea cotec and mkango will not be aligned is ridiculous.

The uk operations will be the beating heart of the technology. Solving problems with UOB and innovating

They have no choice but to be super close. Cotec are here due to their ability to do what they have done so far. Drive the project fast, Finance the projects and deal with the gov.

Cotec will need to appoint advisors soon to hit a listing in late 2026/ early 2027.

I hope there is alot of substance to the 2nd and 3rd hubs, but it might not matter. Most likely they will rerate when the appoint Cohen/another advisor.

It is getting very interesting now for cotec. These studies are key inputs for the ipo of hypromag usa.

You cannot imagine them trying to list with a low valuation given the contents of this rns.

They might not even have to deliver much. Get the first plant in construction and These studies will help boost the listing price

Yup.

God bless aim. You give people a way to make 100pct+ in a year and they are like, well that is not good enough :)