Member Info for Gallmat

Prof

If the claim references current gold price I am confident we get 1.5m usd+.

The margin per oz at current gold prices is nuts! And with nearly 50pct of gold in one small block of the resource area, it should be an easy argument to say we could mine a concentrated, at surface, Hugh grade deposit with intercepts of 100g over 100m.

Honestly I am not worried a out the sale.

The critical issue here is to maybe raise 50m usd to replicate what cotec do in usa. If we can start to do that, we rerate and have many opportunities.

Can they sell the deposit for 50m usd net, probably.

The value is not the cash from the sale, but the fact it allows us to commercialise recycling without dilution, a business with a long runway.

whole thing is a sideshow.

if there is no issue the result stands.

if there is an issue they will probably award to another bidder, that bidder will be a larger credible company. their bid will be lower maybe 40 to 50pct and that is more credible.

not sure you can loose here, and not ceo said to prof they do not give a £%^^ **** what india are doing

The key thing is if this partnership body does deliver you might just get a massive uptake.

Most governments at the table are going to follow the lead of the others, why would you let other governments get the jump on you.

Being politicians the worst thing is going contraian and looking like an idiot for it.

Our tech is not that expensive and they should fund it just out of FOMO.

Thanks kp

The reality is that if we get even 50m usd net, we could easily get debt to achieve 125m usd the capex from cotec study.

That would be enough

Prof thanks for the links.

My god the CEO sounds like a snake oil salesman!.

Having had exposure to mining in indonesia I would run a mile when someone talks like that

Sadly I view the auction as a joke. The company selection and percentage made no sense.

I would love it to proceed as it then becomes valid.

TBH if the GOR just limited it to the larger companies and say took a 40pct royalty it would have been good for all.

One problem with your songwe analysis. Your value is higher than the dfs, which used prices more than double to spot today.

I think it might go for 80 to 100m usd. TBH over 50m usd would allow us to setup an equivalent operation to cotec study.

I would suggest you read the financial sections of the DFS. This post is just so you correct read on dfs

Playing any upside is less risky with a warrant

If you treat your investments independently ( which you should) then you hold the stock if you like it.

The warrants are really a bonus. If it pays off you exercise when they are in the money and dump

Nobody converts a warrant that is ATM. It has massive time value which you loose.

Derivatives 101.

The best order is probably.

1. Churn like this

2. Announce a good timetable

3. Good SOC.

Makes it more likely the news on SOC will not be wasted as people think wait is too long.

So I am hoping for no 2 before xmas

Do you have L2?

The decision comes down to the commitee

The docs for gabriele resources were public? Greenx not.

We should get an update on the schedule soon. Fingers crossed we have a good timeline, maybe india wants this done fast given the delays noted with the project

The most important thing may not be trial date or SOC, rather I'f the case is made public.

The award will be significant. Being able to follow the arguments will be priceless

i need to invest in level 2 trade data. that way you see bid and offer by mm and size.

if they were accumulating you would probably see brokers willing to buy at 8.4 and sell at say 9.

many times been told to invest in it because your broker might just give you a **** quote

I am starting to think some of these 8.45 ish buys are just the market makers building a stock position.

I am wondering how many shares they could have held to sell onto others.

Anyway another day of min 8p trades

Seems like they cannot speak to retail investors but they accepted my notes.

Hi guys.

Any feedback on the VSA broker note? Is there anything key you think was not covered or emphasised enough?

I am writing to the analyst later today with feedback.

I will give him a follow.

Once pat gets to a sensible level I might also look to diversify. If we get a bumper number and reaction I might just say f&;#@ and slap it in an index fund :)