Member Info for IzzyIzzy

BearLittle

It’s making profit based on the average gold produced each month this year.

Seems like there’s people bashing the company who may not even have shares in the company. What is their motive?

I get Chris’ concerns but hopefully once he’s sold his shares he will move on. The others I don’t understand.

It gets a bit toxic on this board with the same people grinding their axes so it’s refreshing to see people like loyaltrader and others offer a more bullish perspective.

I’m still invested. Looking forward to the September update. Come on Emma, give us something to cheer about.

I’m sure Mr Trew is still lurking. 👀 Would be nice if he could get involved and add some positivity 😃. I apologise for me last comment at you. That was out of frustration at hearing about the AGM drama and seeing the drop in SP. Apologies. My comments were out of order.

Another point to add is if gold prices continue to rise it’s going to just get more people looking at miners that haven’t had a lift off yet like GRL. Especially if they start top slicing their existing mining stocks.

More money and buys could come here.

Risky but like one or two others have said it’s a potential multi bagger. Market is punishing this stock for Emma’s high expectations of 1000oz/month which never materialised.

That load when looking at it in oz of Au seems less worrying

It’s basically 190oz a month. If next year they can average 400 or more they’re paying it off easily.

Also I’d imagine they’ve paid some of it off this year each month. So it could well be lower by December

Very realistic expectations of an extension by AIMSL. They can continue to pick up their 14% knowing that GRL are looking better and better in paying the whole thing off next year.

Buyers of this stock will start seeing it like this or similar

Ask price has hit 0.5p

Moving up nicely. If tech sells off there will be more cash coming to other to stocks like this imo.

All it takes is one good update to light the blue touch paper 🔥

Come on Emma…

Dead board. People have given up on this share

They’re undertaking a transformation. Obviously trade will pick up as the building section picks up and rates drop. A better economic backdrop and then people are more likely to look at doing their floors.

Not sure where the bottom is but I’m accumulating

My comment got a bit mangled. A few typos on there and a bit was cut off.

Can’t edit it but I’m sure you can make sense of it.

I don’t agree with the idea that this could be 10p next year but significantly higher if the gold loan is extended and the production continues to ramp up. 700oz a month next year would be very good. Dont need to hit 1k.

Would be interested in you and others addressing some of these points.

@chris and others

A few points as an accumulative counter narrative. I’m on my phone and don’t have access to exact numbers so forgive me for that. This isn’t an attack on you just really trying to engage with your stance and comments. Wouldnt mind you and others addressing these rambling points.

you said you sold 60% of your holding in the 0.3s whilst your average is 0.75p. You’re now planning to sell the rest at 0.45 as you expect a pump. The question here is why did you even sell any in the 0.3s if you expected a pump in SP? In addition why 0.45, surely if you expected a pump in price then why wouldn’t you think it could go back to 0.6-7 or even back above 1p? Your strategy doesn’t make sense to me. It’s not a criticism. Just an observation and jus time putting out my perception

2. There was an offer in April to buyout the company - speculated to be at 1.6p. Why wouldn’t somebody want to buy it if your position is correct? They would have had access to much more info than any BB contributors including yourself. In addition we are seeing a number of buys coming through. Clearly from people who don’t share your pessimistic outlook. What makes them want to buy (especially the buyout candidate). Doesn’t this not minimise your concerns a bit -at the very least?

As for your concerns from what I understand you’re just worried about a possible takeover due to GRL’s debt in December which they won’t be able to pay on maturity. Well they’ve been here before and AIMS extended right? Why wouldn’t they just not extend again at the same rate (14% which is a massive return in a decreasing interest rate environment) or even just increase the rate slightly for another extension. On top of this are you not assuming GRL have not paid any of this loan off? I’m confident GRL have chipped away at it given the increased production over the last few months. They’ve been pulling off more than $500k in profit each month on mining operations. Surely they’ve paid a fair bit off since last November. Last November there would have been people with the exact same concerns as you have now. It came to nothing right as the loan was extended?

Gold increase. YoY gold production has increased. Next year we expect a further increase. There’s two mines here. One is producing. Just because the market has undervalued it due to the SP drop it doesn’t mean that’s its value. We don’t know what GRL secured the load against. Possibly just against future production of gold rather than the mine itself. But let’s say you’re right and there’s a risk AIMS will take it in December then surely they’ve paid could well go on the hunt for a buyer or somebody willing to take on the debt at similar or higher interest rates. So if AIMS doesn’t want to extend then GRL would be on the hunt for somebody to take that debt on in place of AIMS. The market would know if that’s the case - these things leak. Bill and other disgruntled ty

Big delayed buy at the bell 🛎️ of 10k. Hopefully that buyer is just starting! Next week needs a continuation of this moment. April bidder saw value here at above 1p!

Sure it’s not a loan of 3m quid. IIRC my notes had it close to 10m dollars. I’m sure they’ve been paying some of that gold loan off as they’ve been producing throughout the year

@chris what price did you sell and what was your average? Any regrets in selling - also what would it take for you to buy back in?

I guess you were one of the reasons for the big sell off in August.

@beardeddragon

What was your average cost?

Did you not try to think of a counter opinion to wasarunner? There are bulls on here too. Why haven’t these bulls not sold? Also why did somebody bid for the company in April when the stock price was around 1.2p? What’s their thesis? Also clearly there’s a buyers out there given the buys each day…why are they buying?

Looking back at the AGM update. The only real material change was the drop in gold produced (circa 225oz iirc)

Given that we’ve increased it in the last pour to 355oz the August negativity and panic was overdone. Think about it, if we can get to above 400oz in the next update we are sort of back to where we were!

The August drop and sell off could have been unwise. Clearly there’s buyers out there accumulating at these levels. They see value.

We all saw value when it was above 1p. What’s really changed? We know about the December gold loan - nobody here really knows what will happen at that point and there’s some worst case scenarios put forward. But what about the optimistic and more bullish scenarios?

If your average is slightly above 1p wouldn’t you just hold and/or buy more and see how this thing pans out. There’s underlying asset value in both mines. There’s a production of gold which is more than enough at current levels to keep the operation running. There’s the quest to increase production. I know the 1000oz figure is out of reach for the time being but it has increased YoY. No reason why 2026 can increase again….

Very optimistic and bullish from lotaltrader:

“Once pads 6 and 7 come into action by October/November at a size of 170m just that addition will increase production by 60-80% with another lift.

By year end this will be producing minimum double once the pads are in action then what it is currently, if grades improve it will be producing triple then today’s announcement.

Now that civil engineering work is done and building materials are arriving in next 3-4 weeks it is getting ready to up its game.

500-600 troy oz a month after installing new pads based on low grades is worst case, just that will be raking in $800,000 gross profit a month, with grades improving it has potential to be closer to 1000-1500 oz a month.”

I’m tempted to buy more to average down but I think the December good loan issue needs resolving as that is very concerning.

As for production, earlier in the year I was bullish given their projections and updates. It looked like it was all set to ramp up production. The 200oz update in July hit confidence and this recent figure of 355oz is an improvement but still underwhelming given their projections projections and results earlier in the year. If they can get close to 500 in the next update that should help build up a bit more confidence.

Are you worried about it being taken private by AIMS on the cheap or for nothing?

@loyaltrader

What’s your average cost per share?

Still need gold pours to increase (sadly the projections haven’t been hit) and cover the cost of the gold loan which is due at the end of the year.

It’s great that the gold price is at such a level, hoping it keeps increasing, but this company needs to perform and we need clarity on what is going to happen with AIMS and the gold loan. 💵

That’s why shareholders are worried and annoyed.

Wonder if GRL will be the next miner to have a big move.

Congrats on ORR

Cbax

At what stock price would you consider it a turnaround?

Wasa

Thanks for the explanation. Regardless of how Grim and worrying it is.

Im just going to have to write it all off mentally as I’m still reluctant to offload right now. Enough to turn me bitter against EP, List and Trew. None of them seem to care about retail investors

Wish I had gone to the AGM. Wasn’t working on the day either - even if it was just to listen in and tell them how they’ve screwed over regular folks.

Definitely an expensive lesson.

#corruption.

Wasa

The debt isn’t more than the net asset value. I know the Mcap is pathetically low but there’s two mines here - with a load of gold stuck in the ground. One of which produces gold now.

I think it would have to take an offer above the current share price for it to be taken over by AIMS or whoever.

As a side note. Hoping Trew is reading. Trew and the rest of them all lack transparency. It’s hardly surprising as he’s South African and stuck in a jurisdiction in which corruption is rife. These people operate in corrupt worlds. He wasn’t even clear in his posts on this board. Yapping on about the FCA. Just spit it out and communicate with integrity and transparency. Is that so difficult for these people. He’s some old dude who is still trying to grad a fist full of dollars. Mate you’re old and retired. Why are you still acting so dodgy?