Member Info for JuniorLassonde

Thanks DC. Good points and gives important perspective.

The CB conversation seems to have worked.

Probably best for you to sell out if you have no faith.

There appears to be an urgency on several asset fronts. I suspect it is to push value into the assets and sell them off. It’s also a risk mitigation if the duration is longer than they anticipate. 5 months - first time I have seen anything outlined in an RNS on which you can make a decision. I also think KCB which is being drilled at the moment - PL253 - and PL39/PL40 are being resurrected and fast tracked for a reason - and that requires cash now. Same with Ferber.

Slight tweak. Kamativi can move up a slot or two IMO.

1. Luansobe Open Pit - per CB Podcast Discussion - shareholders want monetisation wherever possible - Approved Mining License - see RNS 17/9

2. Ka$hitu Open Pit - Per CB Podcast Discussion - shareholders want monetisation wherever possible - Approved Mining License - see RNS 17/9

3. Western Foreland - JV - Prolific Area - lots going on - attractive asset - large scale exploration license just renewed - Ivanhoe et al sniffing around

4. KCB - Great Licenses in great positions - next door to discoveries - mines etc. Now drilling PL253 - BHP and Sandfire in the overall mix

5. Luansobe Underground (approved mining license + the 62mt potential Deeps - JV - As a Package - + using $ from 1 and/or 2

6. Shinganda - JV - Could be a huge IOCG deposit - attractive asset - JV potential

7. Ferber - well positioned - huge gold mine 20 mile away (Barrick/Newmont JV ) - prolific area - JV Potential - Nevada Supportive of Mining

9. Bulawayo - needs update

8. Kamativi - needs update - license renewal in progress - CB mentioned it alongside Shinganda in the latest podcast (interesting).

we know the kalahari pl253 is being drilled right now. the key monetisation big ticket assets - luansobe and ka****u are mentioned with likely timelines - never seen that before in an rns from glr. interestingly kamativi gets a mention.

Iky, what does ‘swimming in exotic waters ‘ mean from your perspective ?

The clue is in the RNS.!

Probably a Plan A and B baked into the placing as would be expected by a BOD.

He was the founder of Jubilee Metals Titanium, and also gave First Quantum their name (good network)

Case B.

If Swanny (JS) took part in the placing then that would be an interesting - positive - development.

There are several reasons why the directors could not take part in the placing - and those are some very strong reasons why Castiron.

nice spot aeris. i would have preferred that key piece of information presented earlier in the rns. the new pr guy could have earned his corn on that:

- as announced, at luansobe its preferred option remains a direct sale [or] jv which it hopes to achieve during the next 5 months; (there will be an nda)

- at kamativi in zimbabwe, further work is pending renewal of the epl which is expected imminently and fieldwork could commence within 4 months of the renewal ; (interesting!)

- ka****u- preferred option is sale pending further negotiations with third parties. ('further' - no doubt an nda in place)

Correct Swanny

Under the EU Market Abuse Regulation (MAR), which applies to AIM companies post-Brexit, directors are classified as Persons Discharging Managerial Responsibilities (PDMRs). They often have access to inside information (e.g., unpublished exploration results, financial deals, or strategic updates).

If a placing occurs when directors possess price-sensitive information not yet disclosed to the market, they are prohibited from dealing in the company’s shares (including subscribing to a placing) to prevent insider trading. This is enforced under MAR Article 14 and AIM Rule 21.

Example: If Galileo Resources is negotiating a joint venture for its Kalahari Copper Belt project but hasn’t announced it, directors cannot subscribe until the information is public via an RNS.

1. Regulation in the UK (AIM and FCA Rules):Under the Financial Conduct Authority (FCA) rules and AIM Rules for Companies, forward-looking statements are permitted but must be handled carefully to comply with the Market Abuse Regulation (MAR) and FCA’s Disclosure Guidance and Transparency Rules (DTR). Companies must ensure statements are reasonable, based on facts, and not misleading. They often include cautionary disclaimers in RNS announcements, e.g., warning that outcomes are subject to risks like commodity price volatility, exploration success, or regulatory changes. The Galileo quote ("The industry is showing significant interest...") is vague enough to avoid specific commitments, reducing regulatory risk while signaling optimism.

2. The statement in question is a soft forward-looking comment, not a definitive promise (e.g., no specific deal or timeline is claimed). It’s designed to signal market interest in their portfolio (e.g., copper or zinc projects) without breaching regulations. The follow-up, "we will keep the market advised," aligns with MAR’s requirement for timely disclosure of material developments, ensuring compliance.

Oversubscribed at 0.8p

Iky did say a RNS by Wednesday

Even better: https://www.livecharts.co.uk/MarketCharts/copper.php

Iky, Is the news 'material' from a shareholders and or auditors perspective. Holding back material information that could impact shareholders investment decision - one way or another - is governed by various rules and regulations. Thanks.

Less conspiracy theories might help. We shall see.