RE: Testing The Low17 Aug 2025 15:28
your concerns about timely shareholder engagement are important because effective communication and proactive management are vital for maintaining investor trust. there were three successful approved small scale mining licenses within the last 18 months, and statements on options for the luansobe open pit were mentioned. these are important items for which updates should be forthcoming. there is plenty to celebrate.
i believe that constructive emails can be a useful tool for dialogue, and while i’ve sent some to the company, i haven’t received responses to all - but i know they are being read based on later responses. some important points that have been shared here have been dismissed as untrue by the same group of people, yet others have seen similar responses.
your call for immediate visible improvement or new leadership resonates, especially given the last 18 months’ share price performance, which could align with other shareholders’ views. clear updates, responsive investor queries, and dynamic agm and mid-term presentations build trust, and if glr’s management isn’t meeting these standards, it could erode confidence, as you’ve noted.
many times the ineffectiveness of the pr function has been raised. i think pr is a weakness that is easily rectifiable in the right hands. the onboarding of a ned with those skills whilst important have not shown any fruit as such to date. i would freshen up several positions on the board - removing some of them - and adding in another ned e.g. from cooper lemon because zambia is where the immediately monetisable assets are. a ned role is minimal.
to address your concerns, you might raise these issues at the next agm with questions like: “what steps are being taken to improve shareholder communication?” or “how is the board tackling underperformance concerns?” or “what’s the plan for monetising luansobe and ka****u open pits?”. if you do not want to engage via email or agm then this board is likely your only option.
for me, cb is the driving force, very energetic and experienced, and i too expect clear improvements on shareholder engagement. the key items he outlined in the recent podcast on monetisation, and updating shareholders on options previously indicated for luansobe needs a statement. the timing is interesting. it's been mentioned time and again, and now cb looks fully aligned to shareholders on the monetising approach. you might not buy it, i do. we can agree to disagree.
i also do not believe cb should be 100% working on glr; i believe a fully focused project manager type on the ground in zambia working with luansobe and ka****u is what’s needed. i am very optimistic for the coming months.
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