Member Info for jdt1990

If we’re being honest wasa, if these guys had done a better job of producing I.e. the 20koz not a paltry 6koz in 2022, Akrokeri could have been self funded from retained profits!

Well the Akrokeri drills aren’t too bad. High grade intercepts all for a very short length 1m or less but certainly gives promising indications to continue exploration there.

BUT these drills are relatively useless until GRL can demonstrate they have the setup in place to extract gold efficiently and economically. Right now, that’s not the case at 65% recovery rates.

Gold price is holding its end of the deal, so hopefully that has spurred the Co to spend that convertible cash wisely and sort out the Homase operation. Emma “looks forward” to an operational update in the coming weeks. Positive? I really really hope so!

Is that the same timelines at the Akrokeri drills in early Q1 2023 wasa?
I genuinely have no idea how the NOMAD let GRL get away with this sh*thousery time after time. Not to mention how the BOD have such disrespect for shareholders. Yea they are major holders themselves but regardless….comms are a joke here.

Emma has had an email from me making it very clear how I feel about all this. We’re end of Q1 and we’ve had no production guidance from a PRODUCER! One thing is for sure, this convertible cash better have been spent well, recovery rates improves, AISC improved and some damn good production guidance forthcoming!!

Correct Cindercone. BMN export their Vanadium products, a lot to the US.

Costs are Rand denominated, so the more SA plunges itself into turmoil, that reduces the cost base for BMN as ZAR weakens. Revenues are predominantly in USD so are less affected by SA instability.

Obviously the load shedding is a problem, something which BMN are trying to address. Hopefully they get the mini grid up and running at Vametco which doubles up as proof of concept for VRFB's.

BELCO electrolyte plant to come online H1 2023 which again will add further revenue streams.

Orion debt overhanging is a weight on the SP IMO, but the lower cost, increased production and current stable V price should provide profitability in 2023 to address this.

I'm more optimistic than some here. Comms are dire, they always have been but I think mgnt need credit where it is due for getting the business through a very tough few years during Covid to be in a position to capitalise on the improving conditions they find themselves operating in now.

Q1 update is a big one for me

I’m waiting to see what these chancers have been up to with the fund raise cash as they’ve had 2 months now to get their act together (where funding cannot be used as an excuse anyway)
Should be due an operational update tomorrow….

Guess we’ll find out next week what they’ve been up to in the quarterly update.

My guess is not a lot aside from imagining up some new excuses…..hope to be proved wrong and the silence is because they’ve actually been productive.

As a “producer” now is the time for them to get some gold in the coffers at these prices!

Haha we just need them to produce some gold to sell at these prices. Not give us the usual carp that “we have it but it’s all contained in the leeches still” I.E. were a bit rubbish at this stuff.
Hopefully the cash from the raise has been put to good use and they have something positive to tell us at the end of March in the operational update.

These Akrokeri drills that were due early Q1 have also unsurprisingly missed that timeline.

They’re busy working on excuses to fill the quarterly operational update we should get end of March as to why this whole operation is still a total sh*t show!

Have to say wasarunner I agree with you and am always wary of the “I know someone and things are going well but I can’t tell you what I know or how I know types” especially if it’s not inside info so why not share? Good to challenge these people as it does stink of a trader trying to scalp a few quid here and there!
Especially after our resident jilted lover djryans antics of the past!

Crikey KENYAN read the Convertible bond RNS….they’re all converted at the £1.1875 unless SP falls below that

Big difference between due diligence and inside info BV. There was plenty in the public domain for them to make an informed decision that they were providing funding for an undervalued business that was a strong investment opportunity.
Then a 40% gain comes which allows them to realise a portion of their loan early if converted and sold….
They have their own shareholders to think of, risk mgnt policies in place and no doubt other investment opportunities to pursue. It’s all just BAU for an outfit like HC and really todays RNS is just a “nothing to see here” moment.
CB debt gets paid down earlier reducing Avactas interest liability is good though

This bid IMO has just got the ball rolling and there will be plenty of others sniffing around.
I would be interested to see if NCM ends up being sold off as a number of asset baskets.
North America to Newmont
Havieron/Telfer maybe Rio or is the Wyloo/GGP recent partnership no coincidence?
Then there is Lihir etc....

Things could get very interesting. NCM will surely be getting this FS and DTM readies sharpish to maximise the value they put on it. That hand being forced to me is a positive step in the short term for GGP share price. Then only 12 months or so to production and FCF

Unbelievably compelling insight and input from Taverham. To the green box I think!

Taverham. Shaun will have a much better view than we currently do on the potential resource size. Let’s be honest though it’s 10moz plus. Decline advancing at an all time high to the ore body.
First ore expected in circa 12months.
SP held back by lack of insti investment waiting on FS and decision to mine - but of course that is coming.
He is setting the company up for becoming a producer - which needs to be done in advance, not after the fact so the business can advance on solo projects quickly once revenue is coming in.
Any good business has a strong team behind it. That costs money yes but we have a clear and near term road to cash flow.

I just hope for the prof's sake he's still around to see any of this come to fruition. Between CGNR and KDR he's dithered for years which has meant its taken so long to get to a point they should have already been at. But....c'est la vie and hopefully this pushed on with a backer behind it.

Nobody wants to buy this amateur operation right now and holders don't want to /can't sell at the moment as they're under water. ...simple as really.
The BOD have made a right pigs ear of this whole thing and just to add insult to injury raise at rock bottom prices.
Gold at $1950 and no interest in a gold "producer" (I think that's being kind) just shows how low sentiment is on the BOD's ability to actually run a profitbale business

Aim99 you’re being shot down because they’re something you clearly don’t understand about the business model.
By “One trick pony” what you actually mean is GGP have a lead asset with a major in which they own a 30% stake. That asset is going to be 10poz plus and producing ore in circa 12mths with gold at $1950 and a top quartile AISC of circa $680. Once producing that FCF is what will drive independent exploration (Ernest Giles etc).
NCM only hold the reins until Hav is in production, it’s par for the course.
Don’t make out as if GGP are wholly reliant on NCM forever

Here comes the “it’s a duster” brigade again.
The expectation of hitting the kind of initial holes we did at Havieron needs to be tempered. That was really uncommon and we were spoiled in that sense.
These are huge areas in which they have put 5 holes….it’s called exploration for a reason.

The fact gold has been found and there are sufficient indicators to go ahead with a 2023 drill programme are encouraging and positive.

Future guidance has been curtailed due to the unprecedented load shedding. I think it’s wise for BMN to under promise and over deliver. You clearly have no grasp on how bad (and sporadic) load shedding is out there.
Although I do agree they should get a move on with a solar battery solution to help….given they’re in that space.

With regards to profitability. They have stockpiles of NitroVan which sell at much higher prices than FeV to to US. Q4 there were three large shipments each month. They will likely make up the small shortfall in production and more. I think we’ll see a profit for 2022 and capex in 2023 plus BELCO coming online and Orion CLN restructure I hope puts the business in really good shape

Explains the silence. Nothing good to come from the Akrokeri drills it would seem then and been working on funding to help them do what they should have been doing 18months ago, which was fixing the dire recovery rates from Homase.
I calculate that to be about a max 30% dilution with those pesky warrants attached, a blow for shareholders, but I suppose they are also diluting themselves.

Emma really has some cheek with this comment, she must think we're stupid!
" In what remains a challenging market for the natural resources sector"
GRL are now a PRODUCER!!! Gold is at close to $2000/oz....if you could sort recovery rates, not get robbed and produce the 20,000 ounce guidance given at the beginning of 2022 this mess wouldn't have happened. The challenge has been all the issues this company have not addressed and ended up producing 5,000 ounces!