Member Info for GLR1990

Be nice to see a warrant conversion, even if its just a couple mil.

Extra £1.25m in the bank will send us higher regardless, gives the BoD an extra boost... perhaps to even make an acquisition?

Reckon in the next couple of months we will receive major US funding, especially once the UK plant starts producing finished material.

NioCorp trades at $100m USD and is still 'developing', once the tech is fully commissioned and selling product in the UK there's absolutely no reason for it not to be fully funded in the US. Be shocked if it even took production to finally get something over the line.

Two best times to ever buy this stock, I recall the first very well

Was during the peak of covid panic, we actually had more cash in the bank vs market cap, trading at an almighty drop to 2.75p ask

I remember thinking… well Covid can’t do anything to the ground!

Post that all time terrifying low, we hit that almighty 39p

The second best time is now.

Maybe mr newton wants his 5% back

What I dont get is, if its a recent placee... why not cash in the warrants?

So Q is who is taking £100k+ today....

Still, TR1 is £1m+ so we may never find out... :-(

Current share price £3.5m

From Aug 2024:

Weardale Lithium Ltd is Marechale’s largest investment, comprising 500,000 founder shares and 20,800 options with a combined value of £3.0 million which has been recorded in the Balance Sheet. Weardale has proved lithium reserves in its secured mineral rights in Co. Durham and has submitted a planning application to build a pilot plant to utilise its existing boreholes. Marchale remains optimistic for a positive future outcome on this investment.

So in August the investment was worth £3m, and they specifically said they were hopeful for a positive future outcome on this investment, that positive outcome occurred today and the SP is only up 10%!

Surely should be looking at 5p minimum (But what do I know...?)

Https://www.itv.com/news/tyne-tees/2025-02-05/lithium-extraction-plant-approved-for-weardale

LRT would be good to hear from a LTH

Even with the recent 100% rise to ~£3m market cap, the asset value of the holding in WDL was £3.4m as per last interims

What increase would you now attribute to this project, giving the most important planning permission hurdle has been overcome, allowing it to now progress through pilot production?

Company needs to clearly outline in the RNS the value this has brought, how it can be the biggest lithium processing plant in the UK and thirdly how significant this is going forward / next steps. It was on the books for £3.4m last year, after todays approval that should at least double/treble the valuation of the project, its now a viable build so hoping for much higher than the current ask.

All voted in favour! APPROVED!

6/6 votes in support confirmed

4/4 approved up to now

Three approvals confirmed

More support!

Sounds great up to now, lots of questions being handled well, like a penalty shootout this!

Sounds really good up to now, even northern lithium talking about collaborations

saying he has concerns about one of the proximity of the pipeline routes, and supports the application!

Yep fingers crossed 11 in support basically vs 1 against, dont know why I do it to myself!

Did a bit of digging on MAC this morning after watching the BBC interview

Very interesting co. for £3m cap

Interims suggest the existing value of the holding is £3.4m so, although no company ever trades at NAV, there's a good foundation and base case for investing at the current price (even after the recent 100% rise)

BBC interview was also very positive, suppose nothing is guaranteed but hopefully today has been organised to approve and not to kick the can further down the road, the UK needs lithiul and with China restricting technologies recently, we need it more than ever. Fingers crossed for all you LTH here, I have taken a small punt, will add more if/once approved. (or if not approved, digest the result and reason why)

He’s put $35bn+ into Ukraine

What’s a few hundred million into Songwe and our SPAC?

Maybe another $100m for the RE recycling plants whilst we are at it

All US produced of course :-)

TRUMP TO UKRAINE

ANY DEAL MUST INCLUDE RARE EARTHS

THE USA NEEDS RARE EARTHS

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