Member Info for GLR1990

Anyone who owns 5% of a business knows something the market doesn't, not necessarily inside info ofc that would be very wrong to suggest but they will have done much more extensive DD than any of us could possibly do.

So yes to add another 1.8% on top of the 5% at current market prices, especially when the company said they are looking to potentially raise more funds to last until June 2026... bodes extremely well.

They could take a cornerstone position in the SPAC

I think MP should, as they have the offtake at $110USD, Songwe can supply more revenue.

Both companies can buy it now for fun, just to protect national interests.

The whole area looks like it is absolutely loaded with gold

Have added more, this could be the mutlibagger from the nanocap space.

How do we get aggressive with exploration here? I know we have some exploration going but need an aggressive campaign now surely after these results. especially when they are discovering even more zones outside of the usual area...

Partnership with 1911 perhaps?

Yes agree 123 and if the drill only cost £315K (max) then why waste anymore time on it, they already did their best getting through X and Y

Reading Admin document, Wallal P2 has two more zones to target, both 1300m in depth

Obv thats a riks now after the first zone but it still gives them more shots on goal and not every territory is the same (both positive and negative)

They also have a REE asset up north which could be super valuable, especially in this market, and two more exploration targets all fully funded from the £2.3m raise.

Once the dust settles I suspect sentiment will return

Quite the exit today!

Phase I

Wallal Project

Immediately following the proposed AIM listing, FDR proposes to commence its Stage 1 diamond core

drilling program, which is estimated to cost £315,000, and comprises a single diamond drill hole targeting

the Proterozoic basement rocks below the Permian Grant Group. These basement rocks represent the

targeted host rocks to the magnetic bullseye anomalies observed in images generated from airborne

magnetic survey data. Due to their relative depths, FDR will initially target the Eastern anomaly before

relocating to, and drill testing, the Border anomaly in Phase II. The Western anomaly is not planned to be

drill tested due to its modelled depth. The proposed Stage 1 drilling program consists of one diamond hole

totalling 1,220 m. Subsequent drilling will be results driven following completion of the Stage 1 program.

Selta Project

Multiple lithium, REE, uranium and gold targets have been identified following the completion of an in-depth

desktop review of historical exploration data (FDR, 2024). To refine targets for further investigation, the

Company has completed a GIS based data compilation and data review which has generated nine targets

for future exploration. These targets have subsequently been ranked and prioritised, with the top four ranked

projects scheduled for first-pass exploration as part of the planned Phase 1 exploration at Selta. FDR plans

to complete Stage 1 of the methodical, multi-layered and systematic program of work within 6 months post

listing.

Phase II

Wallal Project

The Stage 2 diamond drilling programme is designed to test the Border magnetic anomaly. Two holes

totalling ~1300m are planned to be drilled to test the source of the magnetic anomaly which is believed to

be within the proterozoix basement rocks interpreted to be present at ~650m below surface.

The pre-requisite Heritage Clearance Survey has been completed to facilitate this work however, a Permit

of Works (PoW) will need to be applied for from the Western Australian Government Department of Mines

Industry Regulation and Safety.

Braeside West and Ripon Hills Projects

At Ripon Hills and Braeside West, the exploration targets are considered to be analogous to those found at

Rumble Resources’ Braeside Project, which has the same stratigraphy. Initial field reconnaissance is planned

to commence within 12 months post Admission and will involve:

1. Compilation of historical geochemical and geological data sets and bringing into GIS;

2. Re-processing and modelling existing airborne and ground based geophysical survey datasets, and

image remote sensing data for hydrothermal alteration;

3. Undertaking a desktop targeting study and drill planning;

4. Undertaking a field reconnaissance program and rock chip sampling; and

5. Undertaking follow up drilling at the most prospective target(s) by reverse circulation drilling programs,

based on the results from the preceding steps.

SRK Comment:

“SRK has reviewed th

Whats next?

You pulled off a superb acquisition, three months before the US decide to invest next door, its now clear Greenland is the 51st State, so operations there will be highly valuable and much more economic in the future (with so much investment, will make mining there more economical)

How do they get the US to now focus on their asset?

We have seen some big deals for exploration (US DFC invests for future offtake etc.)

What's the weighting behind each target?

Was the first drill the 'big one' or do the other targets have just as much if not simialr potential?

If so then a 50% off coupon seems cheap, especially when you only need one to hit. If its 1/3 down then the SP should be higher.

OK so 50% drop is disappointing but its not like the company is done for, still have other targets and potential, never going to hit 100%. Just shows how jittery the market is at the minute, everyone is desperate both ways, chasing spikes and fleeing drops, instead of just taking a moment to relax and value accordingly.

Is that the end of the drill campaign or do they have more targets? I know they have three main targets, but are they funded?

Absolute monster

4-5% of the company right there.

Easy 10 bagger if the bonds are sorted on very good terms

Favourable then a few X at least

Check the economics for the assets, gold at $2300 and silver at $27, not to mention copper at $4.4

Copper not so much but gold almost double and silver will double soon enough

Plus not in some dodgy territory its in the US!

Wonder if we are selling today?

I would arguably take half off here but WDIK!

Theres copper gold and silver in them there... pits :-)

Maybe some fortune at least for PXC

Right place right time... sometimes you get dealt pocket aces if you last long enough.

GLA!

*H3 not H4... Extract the H3!

New to this stock but put in a decent position yesterday.

My logic was, although I dont think the H3 would be economical at the rates, along side H4 it would be, but to me all that is absolutely irrelevant.

What I believe will happen is you will see a major JV / partnership with Pulsar to extract and offtake the H4.

I suspect they have already had enquiries.

Even if it costs me £100m to extract and offtake the H3, if I am building a nuclear fusion reactor with it then I am making £1bn+ profit anyway, its part of the costs.

So I suspect a massive JV will be announced very shortly, where offtake costs are provided by the third party and Pulsar get a huge stake in the project et al.

How magnificent it will be.

Hmm

1911 gold share price is up several hundred percent, they will want to start being aggressive with it (whether that's raising funds of making acquisitions, that's how you keep the price high and raise the floor)

I wonder if they would be interesting in taking 50% of our project, as we know right next door, in return for a cash consideration + shares? Or just outright shares (which they would likely take our hand off for)

Something along the lines of 1911 have agreed to pay X amount of shares at $1 CAD per share and fund the entire costs of all exploration for the Barb Project.

20% a day keeps the bailiffs away

Yep, that £39K now looks like a sell to me as we had £10K clips above it beforehand so they had volume to offload into, what it does mean is we not only have a very strong buyer but the seller must now be on fumes to release 1.5% of the company in one chunk.

Suspect we will have a big day here, if not today then next week.

Why are we not at 0.35 yet, it is only £5m cap

£1.04m in 1911 gold

Excellent JV partners via 1911

Our own gold project next door

£500K cash

£750K via other investments/Holdings.

The gold projects are still valued at £0.

Thanks Sav, great explanation.

That's a really tricky one. I agree without the loan it would be worth a lot more. (management aside, but that can be fixed)

So investors have to hope for an extension, but then what?

Maybe the lender appoints someone to the board and/or has some pre-demands such as a change at the top.

They may not want it to go private as the appeal of a listing in this market is still very attractive, so may be able to work something out where they get more control over the operations, more say.

Does seem like they will take a big chunk of it though.

Could be a superb buy after the event