Member Info for Gallmat

I think it is not a placing. It is probably the value of the expenditure to drill kalaka and bido. Earlier RNS said partnerships might pay for it.

TBH it is an operational mess. If you release something subjective like this then have the interview ready for release.

This could have been sent in an AM release with the video attached

Company needs a good Q and A session which I was planning to arrange.

Between a delayed NOA, claim still not out and this spin out the company is just annoying people.

A bit more transparency is required. Does he feel good about this CLN or not. If spin out fails how low can opex go. Explain to us a out ways claim is calculated and how delay in NOA was the right strategy.

What is the point in selling assets for 1gbp when you have already spent cash on them for the year.

Too late for that.

Potential 2x sales valuation being noted on X. At 25m gbp sales saying 50m GBP.

My views are more Conservative on price targets but this does have a good chance to take off. Seems cheap from here.

Came our 50mins ago

HT what we're you doing in Sudan.

I was in HK, Japan and Singapore. Never made it to somewhere really exotic.

Not asking. My focus shifted to finding plays with near term positive catalysts.

I found 2 stocks that went 60pct to 100pct in a month and did not invest due to being unfocused.

This will come good when it comes good. Need to put in the hours elsewhere

BTW.

I opened a small position in another case. More speculative as they do not have litigation funding but many positives.

Company is nearly backed by cash and case is not far away. There is also evidence similar claims may win. Worst case not much happens for few months and you exit because they have cash.

Yup.

Barrick paid off gov 85m usd after then took 6 staff into custody.

Honestly not a deal breaker but I hope the company gets real. Claim out show value, raise if needed ( who cares). Commit to skeleton opex and wait.

I wanted this done in my first chat in March as I never saw the return on any further development

Yup. They arrested 6 guys from ba

Yeah I don't like it. Once I was contacted by a guy who said a few of them thought it was time for a rebound etc.

Really. Go long prior to some results day and then all say how great it is and sell out to others.

I think most here did research. I did a call with ceo and cfo and have emailed 4 times.

My main issue with X is that so many people throw out the big targets. Makes it a bit of a mind field for people who blindly follow. People should not but they do ( been burnt in past)

Ex fund manager. He does analysis that is deep.

Ramping is the wrong word. The style shows really big targets alot and people can blindly follow. Big bite here tells everyone to do detailed analysis

Tbh I probably do something similar about pat.l without realising it :)

He is raising the awareness is a better description.

I think if you see good opportunities that can be 100%/200% it can seem too good to be true, sometimes it is not.

This stock looks interesting. Web traffic is up on all sites and discount dragon seems to be pushing the basket value hard with free gifts. Even if it does not massively increase profits you are probably going to get alot of happy and new customers and that is good in the long run

Tommo

These guys don't care about the country. They care about what they can grab while they can.

Sad this behaviour. Only in resources when something raises in value people think they can change the rules

An outfield hope is the spin out might being in cash at some point to limit dilution.

The value in the spin out is not really for me about the exploration upside. Even just bringing in 2m usd is big

.... reflect a bit

We are trying to spin out an asset in the country impacted!

Not the best news :)

I have never been a fan of mining companies, always something. Gold goes up, cost goes up, govermenment demands go up.

The only way I want to own a gold mine is through an arbitration claim not based on the real world.

Gold mining is a tough business.

90pct delayed IMO

He said it can go anytime, but last statement was with SOC, in my book that superceeds.

If we are even 2 months late I am not bothered. If it sells off to 5p I am super happy.

I can top up and if there is some dilution this compensates. I end up with same net position and company has cash.

BTW, I am going to take a bit of a punt on something related to this if CEO signal delays.

I think over next 3 months there could be news if none here

When I entered this trade I used a conservative assumption of shares outstanding increasing by 10pct a year at 7p. This is not what I think will happen but if this is I am fine with it.

Share price will still be 15p+ next year even if we issue some shares. Hell of a return!

If you get ready for a worst case you can get a nice surprise based on spin out and maybe a high claim due to gold price.

If they are trying to finalise things like SOC and selection he will need to be here. He was here in Mar and now so I don't read much into it.

Deck

RNS are fine but we need to adapt to new info. If commitee is 1.5m late why would claim not be late?

I read this as more drilling for 3rd party. Clearly we will not drill it.

I always have a plan for worst case. Delay of SOC and no spin out. I decide in advance and execute.

Nothing goes in a straight line and by having my plan in advance I am optimal.

If we issue another 10pct of shares, have cash. Then release SOC few months late. EOW.

I want to make alot here. If I make 100pct next year fine. Still a good trade