Member Info for GHOST61

Why should share holders need to email CMRS?

Around the time of purchasing these licences, there was a huge raise.

These licences have been purchased by shareholders

Why is the status of these licences so difficult to find on the CMRS website??????????????????????

Stix1

Tks fyr post; Looks like we are on same page.

Previous RNSs already state how many shared to be issued to SS. About 970k at 1.1p

Then there is the Gilini outstanding. (GBP6.5 out of the GBP8m)

IMHO, share consolidation 10-1 may also be completed on/just after completion; or before JSE listing if possible.

GLA

Https://businessmodelcanvastemplate.com/blogs/brief-history/sibanye-stillwater-brief-history

Tks fyr postings n time.

It looks like their will be some more shares issued. I cannot see SS shareholdings yet/or included in 2.62bn in issue.

Present case 2.62bn + Beatrix4... Purchase from SS ~1bn + GBP6.5mil in funds avail ~ 650 mil shares, so say ~ 4.27bn in all.

So mcap GBP100mil is abt 2.3p.

Any other posts on such matter - Baie welkom

Another 1p worth of research.

In 2023 SS were haemorrhaging cash/large losses due many factors.

In numerous cases, due less productive/profitable mine, supposed labour probs and/or electrical supply; AND low Gold/Uranium prices.

So SS needed to change direction to stop losses throughout their many operations.

One of the changes was Beatrix 4/B4 stopping opns n C&M. Prices (about) Gold/2k and Uranium/60.

(Fyi SS Cook underground mine operations were also stopped n C&M in 2023)

So SS looked for B4 disposal n did so to NEO, but SS did not burn their bridges, but removed losses

whilst keeping an interest for any future gains.

How times have changed with (about) Gold/4.5k+ and Uranium/90 and forecast future uptrend.

Reported sale cost was USD28mil upon completion. 14mil/ZAR250mil cash; 14mil/ZAR250mil in shares at 1,1p per share (nearly 1 billion shares)

So SS CEO at the time of sale agreement is now NEO Chairman to progress their assets and protect future gains. Great biz.

NEO new BOD must have great knowledge from both sides of the coin.

Based on Neo website "• Strategic Partnership: On completion of the transaction, Sibanye-Stillwater becomes the largest shareholder, holding approximately 40% and gaining two board seats."

and RNS 24th March re Sec 102 and 11; and Section 102 30 day reply (approve or not) requirement (without informal extension or re-submission)

and RNS 22nd April BOD Change

and SP uptick 14-22 April

I suspect 102 has been successful and change of ownership in progress due to 2 SS Board members appointed.

GLA

- Biox contamination, diesel supply etc could all delay or stop production in Nicaragua ???

Or something from the past:

==

You can find the interview titled "No regrets for high-riding Froneman" directly on the Miningmx website.

Here is how to locate it:

Direct Link: Visit https://www.miningmx.com/news/gold/62201-no-regrets-for-high-riding-froneman/

Search on Site: If the direct link doesn't work, go to Miningmx.com and use their search bar with the terms "Neal Froneman" or "No regrets".

Date: The interview was published on August 31, 2025, so it may appear in their archives under "Gold" or "News" for that period.

The interview was conducted by Ed Stoddard and covers Froneman's tenure at Sibanye-Stillwater, his strategy, labor relations, and his reflections on his legacy before stepping down. It is a text-based article rather than a video or audio podcast.

==

When CMRS was first listed, CMRS acquired 26-28 licences (one was given up), none of remaining 26-27

which I can find status on CMRS website so looks like none being actively progressed.

I recall one group of 26 were acquired from Moroccan Geo.

IMO AGM RNs shows implementation of strong governance for reulatory compliance.

GLA

To be fair, both CL & GEO have recently invested in CMRS which

indicates they believe in a successful outcome

OK.

I wonder why they keep mention new licence prospects.Expand this area OK if prospects for economic MRE is high.

Otherwise why look for other places when u started with acquisition of the other/original licences on CMRS start-up.

If original licences. are not economic then looks like Moroccan Geo pulled CL pants down.

& NEO

My 1p's worth:

RNS 24th March stated SS section 102 submission.

Regs require answer within 30 days. However, delays can be expected and informal extension or re-submission,

On 24th April, NEO issued RNS re: BOD changes.

Does this indicate some requirements for approval have been complied with by NEO and/or

approval still under processing (for whatever reason, such as govt dept high workload/delay)

IMO the dates are not coincidence.

There has been no refusal in 30 day window.

SP uptick before 30day window closed.

Looks like something VG is cooking. (not just Bobotie)

AGM schedule date is at that time for good reason. (Fm 24th Mar to 17th May is 55 days,

maybe more from 102 submission date(30days regs + informal extension?)

Last thought. Transfer of assets from SS with NF CEO to NEO with NF Chairman and

SS to be 30% shareholder seems like good support for a successful 102.

GLA

I'm curious about the timing of the board change and how close we are to deadline.

--

Markets are elated. House cleaning in progress n skeletons gone.

AGM: Early notice n filings available. No more oversights, missed deadlines n excuses or unplanned suspensions.

BOD: Industry Leaders & Outperformers now in place. SS protecting & progressing their assets.

Such timing of Board changes put some new energy into the project to push the deal

over the line.

GLA

Ps_1998

Many tks fyr post.

I agree CMRS could do very well at A-M but mgts performance need to improve to avoid numerous excuses & constant delays.

What are the "understandable delays" - I missed this one? Have they delayed submitting Feb Drill core until Apr 09th?

If so, Why?

Recent RNS is puzzling as I believe EOY Accounts are due by 30th April, so not sure why a

Drill Update RNS with no new drill results was issued.

SP shows how well such RNS recd.

When posters talk of minor delays they have their own views on "minor" as original

info from CMRS at start of A-M was to fast track to production at end of 2026

and talk of 750-1000mt p/d plant. So more change here.

GL

For each 100m square block we’re talking 100x100x2 =20,000m3. @1% =200m3 contained copper=200x8.960t/m3=1,792 t contained copper=1792x13000$/t=$23,296,000. Or $2.3bn per sq km.

==

- Should be x 0.27 as stated in RNS. Then need to make deductions and also JV partner large share.

PS_1998

Everybody has their opinions.

Where are your CMRS fact based posts? How many metres have CMRS drilled since last results?

Which part of my posts are shxxe? My postings are based on RNSs from CMRS.

ADD.

Altho RNS states drill target of 1200m per month has been achieved there was only 860 in March.

So how many metres in total have they drilled on this phase 2 drill since last assays?

I cannot find it in RNS.

Jimzi.

I agree about some meaningless posts n confrontations.

However, I still read the BB and realize CMRS management need to improve.

Today's RNS was a big negative (again) WTF are they doing.

Assays were supposed to be quick turnaround but still nothing for Feb.

Feb - March assays only sent on 9th April. Why the delay?

Drilling only about 21m per day per drill rig (10m per shift)

Why 10days holiday for Eid. Public Holiday is only 4 days.

CMRS keep on about new prospects/licences - what about the

other 26-27 great licences CMRS obtained from Moroccan Geo?

GL