Member Info for Glib

I agree with you swhites. I believe a further small extension is available but this is at the discretion of the market. The last RNS said a report would be issued in September, so I am hoping this is when we will start trading again.

About the only thing we do know is that the Concentrator should have just arrived and will start operating in the final quarter. We should be getting a report in September that will allow us to appraise the company and its prospects. Not sure if we will ever get anything from Puno but at least we don't have any legal concerns now and the water level is continuing to drop. Looks like we may come out of suspension next month. Hopefully by Christmas we will be able to see what impact the concentrator circuit may have.

The amount of water extracted is about the same as last year but the water level is falling. This suggests that less underground water is going in to the Central Basin. None of the basins interconnect and I am not sure that there has been less rainfall in the 2 periods. Whatever the reason for the slower inflix, I hope it continues.

I agree that things here haven't gone the way I had envisaged either. An exploration company that becomes a producer to have a revenue stream. We sold our producing asset for 4m as 2m was owed to us for work we had already done. Makes me wonder if any legal representative went over the contracts that we agreed. We do have Thani-Stratex possibly about to list so we should see a decent return on our 30% holding there. We don't need to get rid of our full interest there but I would expect some cash to be realised from any IPO. If the reverse takeover goes ahead, the new company will have enough money to get a few projects under way, but they are saying Borborema could see construction started within a year and another to reach the stage Borborema is currently at within 2 years. 81% of that will belong to Stratex so if they stay on target there should not be any requirement to raise additional funds and gold production should take place 12-18 months after construction starts.

Ignore that last post - Friday fatigue kicked in early.

So are the 12m options exercisable when the current mcap is 40m or when the new company's mcap is?

So Crusader are probably going to get about £2M in cash for the Iron Mine. I wonder how much value the market will allocate to this new company with approx £8M cash and the prospects of the Crusader and Stratex mines. I guess those that complained about Stratex paying for that loan repayment may be a little happier.

Germany are intending for no petrol or diesel cars to be sold by 2030; France and UK by 2040. With the average life of a car at just under 10 years, one might expect German infrastructure to be fully established by 2025 - the others 5-10 years later. As I understand it, current petrol stations can quite easily convert to hydrogen fuelling as it is basically the same equipment and storage facilities that are required. I am not sure what the battery life will be in 10 years but I think there will still be a market for hydrogen as local electricity supplies may not be able to cope with the amount of 'refuelling' required by all the electric cars. Still a few years away, but people must already be making plans to make all this happen. I would expect petrol stations to remain in some form (refuelling stations) but I have not looked into hydrogen fuel production and how extensive that network and supply chain is right now. I noticed the articles about Toyota's revolutionary new battery, but it looks like this is a work in progress with projected charging times decreasing and range increasing. Then again, that's what battery makers are always trying to improve. This sector will soon be attracting more interest. We have a large contract in Germany and various smaller ones we have done. I can't recall if there was anything we had done in China, but I would expect them to be one of the first countries to switch due to their pollution.

I haven't looked at this in depth for quite a while. Once I look through the annual reports I will do some number crunching and comparisons to other companies.

I'm not sure they would be allowed to do that. It may be that the annual report when issued will not contain detailed production figures though. We should still be able to see the bottom line figures however. Small slippage in delivery of the Concentrator Circuit from June to August, with production expected to start possibly October. Hopefully this will pay for the Christmas pay packet that was negotiated with staff.

My understanding is that Crusader shareholders would convert at 1.56p I guess the market doesn't rate the proposed new company at the same level. They are valuing our SP to what they think the new market capitalisation is estimated to be once all the shares are issued.

I guess it comes down to the difference between value and worth. Is a company with those assets but no cash worth more than the combination of those assets and our cash? If that company would be valued at more than the SP we are offering +£6m then we are getting a decent deal.

I'm guessing it is a mix of not liking the reverse takeover or the time it is taking and some lacking confidence in the BOD. We are slightly in limbo until a decision is made.

I doubt it is a delisting. Is CRND the only stock your app has an issue with? Many AIM shares on various apps and Google Finance have not been updated since around the 16th. This is due to a change in the way the London Stock Exchange reports data - something has gone wrong somewhere in reporting O trades.

I don't think the rerate is done yet. I expect there will be some upward movement for the rest of the week. (At least I hope so). It may be a while before any decision is made on financing etc, but I would hope there are some good articles coming out in the press after this monumental and company changing decision. That added exposure could possibly see us at 12p in a few weeks. I agree that Hillside is the sticking point for now, but surely we will have other avenues open to us now that were not there before for refinancing.

I believe coconocchio's comment was aimed at at Glazking's pump & dump comment. 26 years to get to this stage and we are finally there. If any foreign investors want exposure to the booming Greek tourism market, they can either invest here or spend years attempting it themselves.

Well I'm not going to complain about the company. I haven't lost any money here for over a month. :o) Hopefully next week we pass the 170mbs mark and get news that the concentrator circuit has been delivered (if not built).

I agree that the finances are a concern. The flip side of this however is that when we are awaiting the final decision which could have a transformational impact on the company - is this when the company is going to fold? I doubt it. They will get a loan from somewhere even if it is not on good terms; or possibly reaching into their own pockets? After 25 years they have cleared the final hurdle, but are going to stop just short of completion? naah. Just my opinion though.

Not sure if Google think it is a bank holiday or something. None of my shares have moved since Friday and even the app that uses google shows no changes.

As they are already using death-spiral financing, they should be concerned about the SP to some degree. They can't draw down funds from the loan if the company's market cap is too low. The current market cap is about £15M, but with each tranche of the loan they take, investor sentiment will decrease further and they may struggle later on. It will be all about the time taken to achieve various technical milestones in my view. Fully completing different elements will help, but also progress on the power of the beam will be essential. If it looks like they will be able to achieve the projected targets, that is what is going to keep the investors interested and the company able to continue taking funds. Only another 7 tranches to meet the minimum, but they have the option of another 30 after that - if the MC supports it.