Member Info for Kennyp52

Anyone seen the gold ? Hardly any news lately . Priestley needs investigating . Only control we have is the fact the government are due a royalty / tax and will put her behind bars if it’s been going out the backdoor . I’ve written my shares off but still own so occasionally check in . What’s this exploration of another mine option ? They have been completely incompetent with the current mine so it’s hard to see this as a positive unless they hit a gold rich near surface vein contain a tonne of pure gold !

Gotreal .. I agree .. but they keep doing it ! To be fair they have stated they have no future intention but that has been said in the past . Company needs to concentrate on production and revenue / profit now . Only this going in the right direction will bring the market confidence back imho. As stated.. I consider the share price is on the floor

Frogboy … exploration costs ; increased overheads ; poor revenues ; CAPEX ; loss making … all pressures on cash . This secret investor is obviously a person / organisation of substance and can see the working capital needs protecting . Make no mistake .. they are expecting a multiple on their conversion and the company can access a further $10m I understand. Yes we get diluted further - something Leon said we had finished with .. 3 placings ago .. so it is obviously necessary for whatever this investor wants the company to achieve . Don’t forget .. the initial down payment will have been allocated …. debt was transferred as part of the deal and the balance is drip over 5 years subject to the buyer remaining solvent. We were not in the best of financial positions post SA sale and still have bank facilities and invoice financing (expensive) - so if you think we are cash rich I don’t think this is the case. Every deal we do lately seems to involve consideration by way of issuing shares 🤷‍♂️

Thus why imho the shares are on the floor. But shouldn’t take much to spark them back into life. Wouldn’t surprise me if this secret investor is eying up taking the whole business over . Suits me at 15p+ … if Carlsberg did takeover bids …

Gotreal .. this is what I also understand. Company needs to attract / retain top people and to do so in this instance this “secret” investor has insisted on a CLN . Let’s face it .. they will end up with a multiple holding more than any of our current board . Leon is paid extremely well - how it got to a market leading package I don’t know but he should have been more share based incentivised imho. Disappointing that the board seem to be saying the current team needs support but I am hoping this is someone top class with the knowledge needed to expand our options rapidly. At least the investor has the confidence to take shares which is an endorsement … would be good to see our own directors topping up .. .Leon certainly has the cash .. or does he prefer the free options ! As you can guess .. I have been a big supporter of Leon but he needs to start delivering now.

No reply then Bill ?

Bill .. answer me this .. if targets are not justifiable then do they then become lies ?

In May 2023 this was released ..

Gold Production

To date, some 220,000 tonnes of oxide ore @ 1.43g/t has been mined and stacked on the heap leach pads. This has yielded contained gold of some 10,956 ounces of gold. The Company has, to date, recovered and sold some 5,403 ounces of gold, with the remaining contained gold, estimated to be 5,553 ounces, still within the pads. The Company is assessing the economics of re-agglomerating this ore on the heap leach pads, as insufficient cement was added and this needs to be remediated.

You was there .. what happened to the 5,553 ounces ? At the time I think it was Troy rather than dore ??

How can you explain this proven production back then when further plant etc. has been added and we go backwards to a 4,000 Oz target which I think now is dore weight ?

48,000t of ore stacking at over 1g/t - simply does not add up

You have questions to answer also imho.

Following List .. is this really a surprise ? 🤷‍♂️

This board reeks of it !

1.075 -0.20 (-15.69%)

So much optimism crushed !

People calculating recovery rates and dore % not realising that even at those rates at the reported stacking rates ( which has been consistently stated for over a year to be 48k tonne per month ) it is more than double the pour and that pour might be much more than 1 month . Take the rose tinted glasses off and ask the pertinent questions . Priestley has never provided reliable information and borderline fraudulently guided the market … 1,000 ounces per month she said at the beginning of calendar year 2025 - why is no one questioning this on here?

What period is this pour for ? No December pour reported as far as I can see ?? We need monthly pour reported to have any chance of clarity here . 48k t of ore being stacked at a reported 1g/t = 48KG contained gold . Either the recovery rate is appalling or they still have not got the pads sorted . Or are the production figures being held back - something is not right . Anyone going to the EGM can you ask this simple question - why is 48k t or ore only producing 12Kg and is this latest pour for January production or a longer period . If for January where is the previous gold pour figures ?

“ algorithmic market-making bots “ … so manipulation of a share price - illegal technically ? FCA not bothered about this type of thing ?

Anyone else looking at the share buys and wondering why someone is buying 1 share at a time .. up to over 30 so far and continuing . Surely attempted manipulation ? Doesn’t seem to be impacting the SP too much but it certainly will not be helping. The broker selling should be looking at these buys imo.

h5o .. aym is hardly a good example given the lth have suffered for so many years with a company that still doesn’t produce anything. anyone can cherry pick a rise off the canvas as an example to push an agenda with another aim **** show share .

2 new directors is interesting only from the fact why would they come on board now if the gold loan was going to be called in.

emma has to go .. simple.

no new on production .. no news on delivery of any ounces delivered to aims .

this will only turn when and if they can hit the guidance of 1,000 ounces per month . adding director costs isn’t exactly going to help finances is it ? every month goes by without delivery of excess ounces to reduce the loan balance means 14% interest being added to a capital balance that keeps rising due to the rise in gold price 🤷‍♂️

So Banjo puts his hands to his ears when facts and negative opinions are expressed by invested shareholders … “I’m not going to listen” .. I will filter you ! Jesus grow a pair ffs .

It’s simple .. Priestley guides 1,0000 .. we get get 250 .. zero ounces delivered to reduce the loan allowing the holder to pull the plug. Open your eyes .. this looks like it is being set up to be stolen from the shareholders . Failure to produce an extra 200 ounces per month over the last 9 months has been the issue .. simple .. Priestley meanwhile stays in position … how /why ?

Banjomick .. what would you have me post .. lies about how good this company is doing ? I leave that to Emma Priestley. I don’t write the RNS’s which have clearly stated they are “achieving” 1g/t .. you seem to be indicating this has not been the case and the jam is coming tomorrow. I have clearly stated I sold out of this but left my “profit” in on the guidance given by the company which has turned out to be nothing short of lies . As such I am totally disillusioned by the failure upon failure of this CEO .

If you have an issue with that there is nowt I can do about that but my guess is you are deeper in the more than me ?

Anyone with a balanced understanding of this company knows full well that guidance of 1,000 ounces was given by Priestley in 2024 for this current 2025 calendar year. She keeps releasing to the market 48,000 tonne @ 1g/t guidance = 48KG of gold .. whether we are talking dore or not this over the guidance . Had the company been hitting guidance the gold loan would be gone .. they would have easily been able to send the ounces needed to pay off the loan . Angles List sacked in connection with reports of her being dodgy ; Bill Trew - the same . Priestley - I wouldn’t trust with a car boot stall . Yet shareholders know that if there is any truth in the stacking profile at 1g/t this company should be highly cash generative and profitable and the SP would fly. That is the hook . I reinvested profit only in my current shareholding having sold on signs of incompetence / questionable RNS’s before the price crashed through the floor. 2.2p market price on re-listing to be where it is now … yet Priestley paints a picture of everything being on track . Why hasn’t she been sacked. How can this CEO have a massive salary package ? It looks like the enemy within to me . She should been fired over a year ago .. thus why I keep asking where is 48Kg of gold per month going ?

For those that have no clue …

It’s all in the audited accounts .. the gold loan is repayable in physical ounces. It is therefore based on ounces not delivered yet at current market value . Interest is therefore based on this much inflated figure at 14% . AIMSL are no friends of the company .. the have complete control until ounces are delivered and making an absolute fortune if GRL deliver the gold .

I ask again .. if 48k tonne @ 1g/t is being stacked then where is all of the gold ?

48,000 tonnes @ 1g/t = 48KG = 1,543 Troy ounces of gold … per month . Where is all of the gold going?

Could it be they will call it in .. take over the company on the cheap . Is production being held down to facilitate this ? If GRL had produced the guided 1,000 Oz per month this would have been completely paid off by now and millions in the bank . Or am I being far too cynical!?

Latest RNS ..

Company continues to focus on delivering 48,000 tonnes of agglomerated stacked ore per month, which, together with moving back into the Pit 1, with a continued average grade of 1 g/t, is expected to maintain the Company's production profile through the remaining months of 2025.

That is 48Kg of gold .. what is the recovery % .. where is the gold ? 48KG is equivalent well over the 1,000 Oz gold dore the company guided from the New Year. Maintain the production profile ! What ! The latest pour … what period was it over ? All smoke and mirrors imho.

You do not need a buyer if you achieve 1,000 ounces per month .. the share would 10 bag easily.

If this idiot Priestley is replaced with someone that will tell us truthfully what is going on then maybe this company can recover. There have been too many lies and incompetent guidance for her to be credible … a 200k package for abject failure is nothing short of a joke.

She has 1 chance … guidance by Christmas or the shareholders need to remove her imho . Bill Trew … gone ; List … gone … both under a huge cloud. The nomad also needs looking at given the information they have allowed to come out to the market over the years .

Very simple equation now imho . Copper production .. hit some guidance and better . Once this is flowing it will underpin the company , the SP can move back to somewhere near NAV then a fully funded expansion should see this move up significantly from here.