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Oliver is the first interview on the Sunday Roast. I have just listened to it and it is very positive. I would recommend anyone interested in GMET to listen to it.

Yesterday GMET was Number 10 on the Leaderboard Up 12.33% to 41p on high volume of 1.1 million. This was an all time closing high having reached 44p intraday. The previous closing high was 38p set in August last year so it is good to see all the positive news we have had since the previous high being reflected in the share price as we approach the end of the first quarter of 2025. The intensifying focus on US production of critical metals by the Trump Administration is attracting investor attention to companies like GMET.

This RNS is a good reminder that a lot of work has been done in relation to the Uranium assets and it has continued. The past work was impressive enough to convince UCAM to invest £10 million in the JV to fund drilling. In 10 weeks that drilling will commence and will continue until October. This is a very exciting time for shareholders as this could be the next GMET. You don’t secure £10 million unless someone is confident of success.

A good rise this morning hopefully indicating increasing investor interest in US tungsten. Earlier this month in a post I mentioned Almondy Industries which is the largest producer of Tungsten outside China from its mine in Portugal. The US is currently its biggest market.

This week Almondy shares were up over 45% when they announced an agreement with a Public relations company:

“TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI) (“Almonty” or the “Company”), a leading global producer of tungsten concentrate, is pleased to announce that it has entered into a strategic partnership agreement (“Agreement”) with American Defense International, Inc. (“ADI”), a prominent government relations and business development firm based in Washington, D.C.

This partnership represents a significant step in strengthening Almonty’s strategic positioning within the critical metals sector to support the U.S. federal government as well as the American defense and technology industries. Alongside the Company’s ongoing redomiciling to the United States, the collaboration with ADI will enhance engagement in the U.S. market by reinforcing the Company’s alignment and support of government policies and industry priorities.

Founded in 1995 and supported by a team of former senior government officials, military officers, and congressional aides, ADI has a strong track record of assisting companies in securing key government relationships, advancing strategic initiatives, and facilitating global expansion. Representing over 100 organizations – including prominent companies such as SpaceX – across 11 countries, ADI’s influence and reach will be instrumental in further positioning Almonty within the growing demand for secure and sustainable tungsten and Molybdenum supply chains to supply the needs of the U.S. defense and technology sectors.”

This illustrates just how important Tungsten is to the US. I suspect Almondy may be concerned that as Portugal is in the EU its tungsten could be affected by US tariffs.

This makes the importance of GMET’s US Tungsten production really stand out for US investors. I mentioned before that it may well advance Almondy’s case if they partnered GMET so they had an interest in US Tungsten. Just a thought as GMET ticks up again to be Up 5.8% on the day as the US market opens.

Just remember it’s not Sean’s fault as it was the previous CEO who should have known better than to get in bed with Fatty.

Sean is doing the best he can to extricate POW from its involvement with RRR, which is the sort of lifestyle company that gives AIM a bad name. Sean should leave no stone unturned in perusing RRR for the money that is now overdue.

Fell slightly on opening in Australia but recovered and closed unchanged at 0.98. Nearly all buys this morning in UK the last 4 very small buys at 49p. Let’s see how the day goes and whether we will close the week at 50p and A$1.

Up 5.43% which was more than the 2.08% rise in Australia . Another new high has been set in the Uk of 48.5p which converts to AUD 0.993. The closing price in Australia was 0.980 so interesting to see the opening in Australia in a few hours.

Thank you for the link and the relevant comment is “ We expect the M&A merry-go-round to be active and Lundin Gold and Endeavour will be participants.. That doesn’t indicate whether they will be the acquirer or be acquired but as later on they say EDV is undervalued it will be on the receiving end of a bid. Another possibility would be a merger as with Equinox and Calibre. Interestingly when you look at the Market Cap league table Lundin sits at 17 with a market cap of £5.7 Billion and EDV sits just below at 18 with a market cap of £4.24 Billion. Their combined market cap £9.94 Billion would move them to Number 10 in the league table.

An interesting thought if that is what they were suggesting (I don’t necessarily think they are). Scale is very important in gold mining and I know from listening to Rick Rule that he is a fan of both companies . We certainly need something to perk up the share price.

Do you have a link to the Golden Eagle comment that Endeavour is vulnerable to a takeover. There is increasing M&A activity in the Gold mining sector and EDV has certainly underperformed it peers in the last 12 months.

Positive RNS:

“ Blue Star Capital plc (AIM: BLU), the investing company with a focus on blockchain, esports and payments, is pleased to note the announcement by SatoshiPay Ltd ("SatoshiPay"), its investee company, that on 18 March 2025, Vortex, a project incubated by SatoshiPay, launched in Brazil.

Vortex is a decentralised exchange platform incubated by SatoshiPay, designed to enhance global payments by bridging stablecoins with local fiat currencies. This launch will help facilitate immediate conversions of USD Coin (USDC) and USDT (Tether), US stablecoins, into Brazilian real (BRL), via PIX, Brazil's instant payment system created and managed by the Central Bank of Brazil.

This will allow Vortex to integrate directly with Brazil's financing infrastructure, and facilitate the real time transfer of crypto based stable coins into BRL

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained in this announcement is of a non-regulatory nature.”

This is very encouraging demonstrating good progress.

The prospect generator model employed by POW expects that a number of its prospects will not be worth pursuing. The initial spend is low across a number of projects reducing risk. The ones that succeed like GMET which has made a 10x return on the half of the investment they have just banked more than compensates for the unsuccessful prospects.

I have no concerns about todays RNS as it is how the model works and we will no doubt get more going forward.

Cherryburn, I take your point and would be very pleased to see a bidding war. My point is that Rio have more knowledge than anyone probably including SVML as they have been an integral part of the team on site for the last 2 years and already are major players in Rutile and Graphite. It is good to see Sprott increasing their shareholding because they will definitely want to get a good price that reflects the future value of a project that will generate US$400 million per year for at least the next 20 years. The agreement that kicks in when the DFS is delivered give RIO the opportunity to buy the company through negotiation and if there are other bids Rio has the right to match the highest bid if it wants to. Clearly other bids would be useful in pushing up the price.

I think Rio would still be getting a bargain at £1.50 because if SVML took this through to production themselves, which they have the ability to do we would be looking at £5. I would be happy to hold until production but as Rick Rule says he doesn’t think that will happen(he would like it to), I will be pleased with the return on my investment at £1.50.

Rick Rule who is the largest shareholder in Sprott regularly mentions that he continues to increase his holding in SVML I agree that this has £1+ written all over this and it may well happen before the DFS in H2. The DFS will trigger a potential takeover process with Rio but as Rio already knows everything that will be in the DFS it doesn’t need to wait to make a bid. When a DFS is issued Rio’s competitors will have all the information they need to make a bid. It makes commercial sense for Rio to go early with a bid as they have a knowledge advantage.

Meanwhile the Australian market has been open for an hour and SVML is Up 4.84% just off a new high of 0.98.

If you look at what was said when GMET took the option on Tempiute you realise that there is a lot of history relating to the mine that will have allowed them to make a good assessment of its future potential:

“ We are very pleased to have finalised the Agreement allowing for a 100% acquisition of the former producing Tempiute/Emerson Tungsten Project. Importantly, this asset, along with our Pilot Mountain tungsten project, represents a significant holding of U.S.-domiciled tungsten projects located in the mining friendly state of Nevada. We are positioned as a leader in U.S. tungsten at a critical time following the declaration of a 'National Energy Emergency 'as well as the 'Unleashing American Energy' Executive Order signed by President Donald Trump; both of which point to the U.S. urgency to reshore its mined supply chains of critical metals including tungsten.

"Tempiute has been a domestic U.S. tungsten producer during multiple periods over the last 100 years, and we strongly believe, given the significant tailwinds across the U.S. critical metals space, that it can under Guardian's guidance once again supply U.S. consumers with tungsten that has been mined in America."

GMET are having to react quickly to make their case to be the largest Tungsten producer on US soil. Time is now very much of the essence to produce as soon as possible following China’s new stance on exports. There are also other companies who have suddenly shown interest in US Tungsten mining. Tempuite with existing infrastructure can in all probability start producing before Pilot Mountain ensuring GMET has first mover advantage in US production of Tungsten. Common sense would suggest this 2 site approach and determination to be the first and largest producer would strengthen their case for a grant or grants as soon as possible.

I think today’s RNS is to maintain news flow to assist the grant application and/or attract a lager miner who would be interested in becoming a partner to fast track production at one or both sites.

A producing Phulbari mine will be valued in the £ Billions.

The Current Market Cap after the rise in the sp over the last week is £10 million

If the sp goes to 10p where it was last April, the Market Cap would be £30 million.

If the sp goes to 33p the Market Cap would be £100 million.

GCM has in the past in anticipation of the Green light had Market caps a lot higher than £100 million and the potential value is much higher now than it was 10+ years ago.

Phulbari is a very large proven reserve of high quality coal that is ready to be mined. It has not been mined because Hasina vetoed it for her own corrupt reasons. Hasina has gone into exile in India having been overthrown by the people. The veto she has used since 2006 cannot be exercised, which should make the green light a priority for the Interim government. The share price has a long way to rise in anticipation of the green light and on the green light the value proposition would suggest £’s rather than pence imho.

Good to see an 8% rise at POW this morning with some decent buys including the most recent 149000 Buy at 13.37p. The CEO who historically has been very visible,hasn’t given an interview in 2025. I suspect some big news is coming,which he can’t talk about if asked a question in an interview. This share is trading at such a ridiculous discount to NAV that big news that will move the share price is eagerly awaited.

The comments of the CEO are preferred to the trademark negativity Of the previous poster.

“ Oliver Friesen, CEO of Guardian Metal, commented:

"The results of our engineering site assessment covering Tempiute has further demonstrated the significance of this asset. With robust existing infrastructure in place, the location lying within patented mining claims, and a sizeable and well-endowed mineralising system, we believe this Project has the potential to be a game-changer for Guardian Metal.

"The ability to leverage existing infrastructure, including mill facilities and an operating 3,000 KW substation, provides a substantial advantage, reducing both capital costs and permitting/build out timelines. Our team is already executing multiple workstreams to rapidly advance the Project and we are confident in its ability to deliver value for our shareholders. We look forward to keeping our shareholders updated as we progress toward unlocking its full potential."

The only real problem with the green light since 2006 has been Hasina. Investors have just had to hope that eventually she would change her mind because it was increasingly economic and political suicide to cause Bangladesh to have a massive energy crisis by not mining coal at Phulbari. We now know she was stealing from the people of Bangladesh by taking money from the Indian coal importers.

Hasina’s visits to China brought some hope to investors that the Chinese would persuade her to give the green light because China wanted Phulbari as part of its Belt and Road project.

Hasina is no longer in a position to block the Green light and as she was the only obstacle it should happen in the coming months as time is of the essence. It provides an opportunity for the Interim Government to be seen to be addressing the great harm done to Bangladesh and its people by Hasina as Bangladesh’s continuing energy crisis would not exist if Hasina had approved Phulbari years ago and the mine was operational.

GCM currently Up 31.5% at 2.50p on volume of 3.5 million. The recent high on Tuesday was 2.66p on volume of 18 million. If we see that high volume this afternoon or next week we could look for a rerun of what happened a year ago when investors believed progress was imminent. It went from 2p to 8p in days peaking at 10p. We are seemingly much closer to the green light now than then, so a similar move now would seem a strong possibility.

When a share has risen 75% in less than a week a small pull back is not only to be expected but also healthy. Some consolidation before the next move up as happened this time last year Pekingese at 10p.