Member Info for Gloster

This Sunday. Tweet says company are coming on.

Here ya go, podcast on Sunday. Sunday Roast guys taking questions from us plebs? https://twitter.com/waren_buffett/status/1465610641440481283?s=21

Same mine, new management. And you put your money in with these serial failures. https://www.jewellermagazine.com/Article/10252/World-first-Australian-rough-sapphires-auction-a-big-success

It's for the company to confirm re climbdown. They may well have decided to focus on KV first, sell it then focus on the remainder of the portfolio. Hutchinson and Mair have jumped over and Darivas has an advisory capacity so seems they're firmly in bed together, why integrate that much if it's only for one asset.

Yup so basically additional shares issued at 2.4p. They’ll need to spend £1.5m on exploration for the third tranche which should be a given as the fundraise was for the exploration programme. A cash call most likely if they decide to expand the resource from 280k to say 500k as otherwise can’t see it being worth the hassle for the neighbours to buy them out.

I take it you’ve not read the terms of the deal then and talking from a position of ignorance…

By issuing more shares to NGM

37:50

Let’s pre-empt the next post and confirm they’re just bed and ISA trades and not massive paired sells. Chuckle chuckle. Have a good weekend.

Nice, someone other than me can read an RNS ;)

5.7m even. As I said before you have classic PI PTSD. You saw a percentage decrease and didn’t bother checking the number of shares or factor in the massive dilution from the RTO.

Lol. He’s gone from 1m shares to 5m shares. It’s the dilution from the RTO that’s outpaced his %.

“ In March 2021, NGM commenced the first of two drilling campaigns across the JET area, with a view to expanding the existing JORC Inferred resource and establishing a larger JET. This is an intensive programme that will run for several months and aims to expand both JORC Inferred resource and JET with 40 holes, some to a depth of 400 m. The programme will include RC drilling, diamond core drilling and in-hole electromatic surveys. It is anticipated that drilling will exceed 11,000m in total.”

Same. Emailed when I was in earlier this year. Sub 3p looks good for a trade.

They’ll release drilling results soon enough. Surprised they’ve not revamped the website. Still just lists the original 2 directors and nothing else like major shareholder lists etc.

For East Star they are as they’re the ones lending the money and acquiring the company. You seem to have PTSD and evacuate your bowels at the sight of CLN because you get shafted in your investments when they get CLN financing.

Yup, clear the old money, get new holders in and regular newsflow

Before Christmas?

Who wants someone who knows nothing invested here anyway? You said “CLN attached” about another shell like it was a bad thing when it was the shell itself that issued it to their target company. Lolssss. But yep any BEN/BHL comparisons off the mark as those guys didn’t attach warrants and any smart places will just add to their warrant bank risk free and not marry the stock.

Website down. Probably new one ready for Tuesday. Let’s see if this does a BHL/Ben’s Creek style move.