Member Info for HarChris

No I think he meant that's the starting cash position, although it's actually $24.7m minus the dividend paid out in May I think so call it $18.7m (gets paid after quarter ends).

This quarter's modest cash increase was due to further inventory build up, huge accounts payable decrease ($16m) , the last of the hedge, lower gold price and gold stream being paid off. But STILL $12.7m increase in cash!

So take that $12.7m, minus $6m for dividends, add $16m as working capital position now in surplus, add ~$8m for higher average gold price and for Q2 we are looking at roughly $30m increase in cash position. And from Q3 onwards with gold stream liability removed make that $35m additional cash all other things being equal so ~$120m net cash position at the end of the year before any increase in exploration spend.

One more full year like that in 2026 then tax holiday ends and Segilola extension needed to add the ounces until Douta is constructed.

Here’s to no RNS in the next hour or first thing Monday and then we should be able to take a deeper breath and consider the sell off as nothing to do with insider info.

Let’s see this close with a 3 at the front, that would be very bullish going into next week.

I’m not sure there’s a lot he can do right now, besides take a pay cut. He’ll be waiting for the drill plan so that it can be shared with the rest of us, but until Anglo disclose it it’s a waiting game.

Fact is after the NA sale derampers said a number of things:

'This is intentional, watch Garat take this private' - Garat then stepped down

'If this is so cheap why aren't the directors buying? - we then saw two directors make substantial purchases

'Wait and see what Cosmen do next, I bet they will start selling and eventually pick up Also for peanuts' - Tr1 shows Cosmen has added.

The share price fell as far as it did because of fear that any of the above was true, now that's eased it really should rise at least back to 40p in the short term.

The fact is silence for GRL historically is always negative and for that reason when we got past mid May most, including myself, will have started getting suspicious. I was very tempted to start reducing at that point but with the gold price so high decided to stick it out.

We don't know if the silence is simply a low recent gold pour which they felt wouldn't help if sharing or something more serious - we'll find out soon enough.

LW, that’s not what I was referring to, was referring to the random posters that showed up yesterday that some on here linked to a possible forward sold placing.

Of course that could be the case but I doubt those illiterate rampers are the ones getting the heads up, they just seem like AIM rainbow chasers.

I know three people to derisk considerably today, all quite sizeable holders and none of them in the know. That’s where it can become a self fulfilling prophecy without any merit.

As I said if no RNS today I would be surprised that we’re about to see a placing land.

I can’t for the life of me believe that a couple of semi illiterate rampers had been given the heads up on Thursday of a lowball placing so came on here to write their gobbledygook only for that RNS to come the following week?

So if no after hours rns today I think the odds of it being a placing reduce significantly.

As for your other point yeah it’s not the end of the world if shares are issued to pay down some of the gold loan for example, it will need renegotiating or the raising of funds as they aren’t going to generate that sort of cash before 2025 is out, whatever comes next.

The initial fall to 0.8p was almost entirely down to the selling of the poster on here with no inside info. We have to also remember that AIM shares have started really shifting this week, big moves are happening and so there’s an incentive to be nimble and dump those shares doing nothing for those on the move.

I hope there’s no after hours RNS and no Monday RNS either - that’ll put some minds at ease and be the cue to add.

Bad news could be a number of things, from cash related to flooding or worker unrest on-site. As for actual operations it’s too soon to know if the higher grades are going to come through so whatever the news if pit 1 delivers from June/July onwards things will be right back on track.

There’s life here still whatever the next news happens to be.

Whatever it is it puts to bed the idea that administration is a possibility as Cosmen would then pick up Alsa for peanuts. I still doubt that the buying will stop here.

Well I’m willing to accept it’s more to do with panicked sellers assuming a placing than it actually being a placing.

If I’m wrong I’m wrong but buying a few more anyway as if I’m right this doubles on next news.

I agree with lots of your rhetoric Corrumpo, this is a high risk/high reward punt, but I did choke on my tea when you put 'my optimism is waning' - I've never read an optimistic or positive post from you, ever!

One must now assume that Cosmen see this as the perfect chance to get to 30% on the cheap (having previously been buying between 60p and 100p) , I can't see why they would just add 1% to holding and stop there? There isn't much logic to that.

I’m confident that if the silence was due to a placing being lined up they’d have got it away by now. Friday is a day for bad news and looks like we’re in the clear.

Can’t see it with gold price this high, it takes such a little small amount of production monthly to be profitable. No i think it’s as simple as waiting for the higher grades to come through so they can hit us with a strong RNS and get the momentum back on track.

If any shares are issued I don’t think it will be for cash but for converting some of said gold loan into further equity to AIMS.

It kinda depends on what the content is. If cash position is comfortable right now and there is no raise on the way then it doesn't matter all that much when they update us, if they wait for better news and that news comes this will simply rerate more if more beaten up.

Let's assume the last gold pour was early May and it was poor, say 300 ounces. What good would an update have done us? They can say they are optimistic that future pours will increase now they've entered pit 1 but we know that's the hope anyway... we'd have seen at least this big of a sell off if they had shared a low May pour I think.

In the end of the day we're at 0.85p because there's a lack of faith that production is going to dramatically increase. That remains til we get hard facts to prove otherwise.

You think? Surely they'd be able to find someone literate for such a job?

I did send it to Segun this morning and he got back swiftly saying 'interesting musings from twitter - don't think i quite agree with it but one thing is for certain, we have alot of optionality with Douta and it is looking very positive'

You wrote dozens and dozens of fear mongering posts with the share price in the 20s about the grim outlook, about what BG selling means, about an inevitable placing well below what anyone wants, a 1:1 rights issue at 10p growing ever more possible.

Sure it might be that you have the ability to switch your position on a dime (we'll never know, you tell us after the fact and never ever share a wrong trade after the fact) but in the end of the day the majority on here reading aren't traders that will buy back the moment the trend changes so i'm sure yours and others' negativity pushed a few to eventually sell recently at the very worst time.

He and many others actually scare mongered the Cosmen would start dumping and then take Alsa for nothing in administration.

Let's face it, if that TR1 showed they were selling we'd all agree that it was terrible news so logic says the opposite is good news.