Member Info for Glengarth

Going to be an interesting 3-6 months (possibly longer) and a real test for all hospitality venues in the UK. The race to vaccinate the public is on against a tide of rising cases. Some chatter about easing restrictions come Spring when the most vulnerable 10-13 million have received their jabs. Let's hope the government and all related parties throw the kitchen sink at realising this goal and go further to make effective a real national effort to get this done.
For RBG I take some comfort seeing the measures carried out to date in the form of the closing of loss making premises and the adoption of rental rates correlated to level of income of each venue. As recounted by the CEO in the recent release, RBG is a very cash generative business when free from restrictions and likely more profitable because of the actions implemented following the CVA and by board. This is likely recognised by the bank in its decision to postpone calls for debt payment and also increasing the debt facilities available to RBG.
If the company can continue to find areas to reduce cash burn and continue to endure its government policy-induced hibernation then hopefully we can see a very good bounce back.
For now though, we need more clarity on timelines and the realistic vaccination programme, accompanied by a vision of what restrictions can be eased and done away with once certain covid-related targets are met.
Good luck all, with all this in mind there could be some great entry points made available relatively soon to take advantage of an improving situation.

Agree Jaytee, the company's communications so far to shareholders and market has been fantastic. Long may it continue!

Hi Theosus,
Good find.
Any cost savings and synergies Tiraputi can find spread between their locations will benefit us as holders as they will improve margins and profits. I think what you say is right about the the materials we are mining and manufacturing - as the website states "there can be no eco-friendly vehicles without flake-graphite". Market demand is rising and the company is looking to massively increase its supply of flake graphite by over 20x. Consider the US and the EU classify flake graphite as a critical resource and appetite for the material looks healthy going forward.

Also attended the AGM, management seem very passionate about the work - this is probably enhanced by the amount of skin they have in the game as was shown in one of the slides in the presentation which is always good to see. Forecasts for the graphite market, the business plan of the company and its management style make me very happy to be invested here for the long term.

and a follow up:

The link to GDXJ is https://www.mvis-indices.com/indices/hard-asset/mvis-global-junior-gold-miners

download the COMPONENTS zip file from 'Related documents' section on left side on the screen.

when you open excel files, you need to convert to meake it readable follwing the steps below,
1. select column A
2. Go to 'Data' on the menu bar and then click on 'Text to Columns'.
3. On the new box, select delimited and click next
4. on the next screen tick semicolon and untick rest of the boxes on delimiters tab
5. then click finish

This should convert the excel file into readable form

Hi Boombaby,

This was posted by Badshah13 over on the GGP board, aligns with your thinking:

Hi All,
I was confused as all on this BB here on what happened yesterday at close. I had a look at the GDXJ website and downloaded the conponents (zip) file from website which I had also come across last Friday while downloading the excel file for quaterly changes.

I compare the two files with the closing files i.e. one for 11 Dec and 18 Dec and found that the information for the GGP is unchanged apart from the minor change to the Index weight of GGP from 0.93% on 11 Dec to 0.98% on 18 Dec (I think someone else also mentioed this 0.98% holding on yesterdays close and it was assumed that GDXJ has already started buying linking to that 20m share transaction on friday afternoon).

However, looking at the two files, I have worked out that the reason for the % changes from 0.93 to 0.98 is due to sp fluctuation from 0.31p to 0.34p (it states in the files). Therefore I conclude that GDXJ has not bought any further shares since last quater and the % rise from 0.66% to 0.98% is due to changes in sp as well as forex rate in the last 3 months - remember % value of GDXJ is based in USD.

To confirm this, I have checked another file which is for Opening on 21 Dec (it is part of the zip file). This excel file clearly states the increase in % of GGP on 21 DEC as 1.62% at the sp of 0.34p and same exchange rate. Further to confirm my assessment, I have checked the holding for PGM (Pure gold) which is meant to be new addition to the index and I can confirm that PGM iis not there on file with 18 Dec close but added as 0.7% on 21 Dec opening.

Based on the above information, I am concluding that GDXJ will be buying the shares on open at Monday. I am however not sure if this open mean LSE open at 8am or US market open. So guys be rest assured that GDXJ have not bought any shares so far and expect the fireworks on Monday.

Conparing GGP and PGM (or PUR on LSE) share prices, there is clear trend on both to go down on close towards close on friday - probably Brokers manipulating the sp to fill in large order on Monday at open.

Feel free to confirm the above yourself by downloading files from the GDXJ website. I hope this clears up all the assumption and lets enjoy the fireworks on Monday.. Hold tight.

Good open on the TSX - GDXJ and momentum towards commercial production next quarter and free cash flow. New round of US stimulus good for POG too.

Looking good here, trades going through at 179 and Canada breaching C$3.00, could be in for a good ride

https://twitter.com/DavidFi_/status/1338189254170652672

The image in the above suggests a buy of 16.2 million shares by GDXJ.

GLA
MH