Member Info for glenmere

It was a perennial tussle within executive management of a listco , particularly an AIM one. Whether to update the market with operational stuff, eg progress of a JV , or in the case of pharma , a clinical trials phase. The more commercial- oriented managers will advocate release of progress reports which will be construed as positive. But that potentially runs foul of the " price sensitive" divulgement of info rules. The market advisor will usually advise to not do so as an RNS but maybe as part of a quarterly update that also includes other stuff on-going in the company. The advisor will also be cognizant of managing the expectations and investment strategy of the major shareholders and the market makers. On balance, managment is always advised against putting out any form of " progress reports" until the "deal" is actually executed or done.

Rather perversely, the only time a market advisor would insist an RNS, is to curb speculation or to counter / confirm news that was leaked by a 3 rd party . In which case, this is done as a damage -control thingy to manage the consequences of a market movement in the SP.

RE : RNS Statements

I managed an AIM co several years ago. The management would not put out a RNS, unless it is deemed to have a financial impact or would materially change the balance sheet of the company. The kind of project progress by way of a weekly report, may be published in the company's website or whatever public portal it controls. But frankly, management would never do so. It is better and in fact procedurally safer to have a big bang RNS upon , say, a major sales contract completion; or in SAR's case , a satisfactory conclusion of the trials.

Admittedly, my view that the offtake agreement could be in place in a few weeks time , is a tad optimistic :)

No experience in the mining or mineral or critical gas industries.

As for project financing, it will allow the management to attract early interest from financiers . And to have preliminary discussions with a few. Not premature , I would say. The dance needs time to warm-up.

The full impact of Mitsui entering into a non- binding MOU will take a few weeks to settle in. And only when the anticipated follow-on actions happen :

1. The non- binding MOU would enable SVML to seek project financing or to convince a JV partner candidate (who is now sitting on the sidelines) who can enhance the extraction know-how of the existing team.

2. The MOU translates into a firm fixed forward contract (offtake contract) in the next few weeks, with defined pricing and delivery schedules.

I have dealt with Mitsui as a co-investee, in a previous job, albeit in a different industrial sector. They are very fair , are "win- win" believers and ultra- long term players.

Fully agree. Critical industries that require a controlled material or component will have their own stockpiles or have prior negotiated access to reserves , or have a standby supply chain. To avert a production stoppage.

It may mean increased unit prices for the mid term and a planned slowdown in numbers of units produced. But the world doesn't catastrophically collapse next week !

Sadly I agree... most will sell. Afterall, it is one of the tenets of the employee share option programme. It was stated as part of each staff's remuneration package, alongside OT and basic pay.

The dilutive effect is small. According to Sharewise , the number of share options outstanding as of Jan 2026 is 12.6m. Even if all of these options are exercised in the next month or so, this 12.6m shares represent 0.55% of the current shares in total issued. A drop in the ocean.

More importantly though, is not the dilutive effect but the market perception of the exercise of the options and then a sale . Do the employees, especially senior ones, know something we don't. However, your caution is noted but my opinion is that the SP 's overall momentum upwards towards half year results, will outweigh any negativity caused by the exercise of the options. One other thing, though is that your caution also presumes every employee would exercise and then sell.... This again, may be unlikely for all, as it depends on the tax position of each employee.

Good read.... but for SVML , I think much of its Ti mining goes into pigment production rather than steel production

Beat me to this, to post the BBC article . The thing is that I do believe there are American consultants and advisory firms involved in AMRQ's operations. What part they will continue to play as the pressure increases from Mr T ...???

CEO of Blackrock, seems to think 2026 would be a boom year for various tokens. See post ....

https://www.forbes.com/sites/digital-assets/2025/12/03/faster-than-most-expect-blackrock-ceo-issues-enormous-price-prediction-as-bitcoin-suddenly-soars-toward-2-trillion/

Hard to fathom any corporate's investment and treasury management strategy, without encroaching into corporate spying activities. Suffice to know that having been at C-suite level for listed entities in a previous life, much has to do with portfolio re-balancing and re-allocation of capital, to match future cash flows and reinvestment targets

I wouldn't be too concerned. The Qatar stake and the additional hedging issue by JPM amount to approx 4% by current market cap ( SP @ 314p).

Https://www.proactiveinvestors.co.uk/companies/news/1083299/greatland-extends-high-grade-footprint-at-west-dome-underground-with-broad-gold-copper-hits-1083299.html

I am a LTH , small way. And a believer , as I think you are too. But your concept of market cap and the effect of dilution is wrong. Market cap stays as it is whatever happens to the shares issued ( before and after dilution , ie exercise of warrants, options , convertible debt CLN). The price per share decreases to compensate for the number of shares post exercise of the CLN, so that MCap remains at £ 35m ( say).

In the background, there will be economic and financial issues that will cloud the maths above ( so to speak). So the £ 35m would change as the market perception of the future prospects of the company changes. But it does not improve nor decrease because of dilution .

Re : banks defending fiat ... I think it is not so much " defense of fiat" but rather the US$ and the efforts by the USG to keep bond yields in check. And geo-politics and macro- economic uncertainty worldwide is fueling the pressure for POG to keep going up.

AMRQ indeed can be and probably is the "gatekeeper" for much of Greenland's potential as a resource for REM and precious metals. Just like Australia, the next "frontier - island " for miners. See the national government's webpage , link below :

https://www.greenmin.gl/

@culpepper ... thanks for the press release about other revenue streams. Having worked for a large corp in corporate finance and biz development ( as well as running an AIM company , yonks ago !)... these kind of secondary revenue streams for a nascent company , can sometimes " backfire " for the C-suite in the organisation, in as far as City analysts will see such biz activities as non- core and dilutive of management 's ( C-suite) attention. This argument will surface especially when things are not going well with the core business ( which is no longer exploration but nitty - gritty production / mining ops). It is great that the company recognises that availability of cheaper power sources and a good robust logistics train are critical support functions. But sometimes, management would need to cost- benefit analyse if these support functions are better off being outsourced or perhaps just farmed-off into a JV, where the company only takes a golden share in these support business lines.

JD Vance's visit and interference by the Trump administration... he is clever in so far as he and the world knows , it will be absolutely NUTS if the US tries to annex Greenland by force. But he is banging on that if he can send political shivers down the Danish and Greenland's spine, he may just be able to get an American company to muscle in on the mineral rights on that continent.

Shortly after I posted, I came across the other RNS, Icelandic Bank offloaded about 1 million shares to bring their voting rights down from over 3 % to 2.89%...

Why, i wonder ? Probably the reason, as have many who replied my post.

Very strange SP movement. Upon the RNS, it shot up to 101.... and since 11 am , it has been trading down. Are some offloading ?