Member Info for Legalwolf

I can't see why GEX won't get the drilling approval, assuming they complete all the necessary works satisfactorily. I think it will come through, but it might take a short while yet. The only real issue at this stage is whether they have enough cash to re-enter Hussar once the approval comes through. The AFR is very clear in stating that they had £1.2 million in January 2025, "following" the £5 million raised in Summer 2024. I can't find anywhere in the AFR that money has been ring fenced for the re-entry of Hussar from existing funds. If someone wants to point that out, happy to be corrected.

Not de-ramping this at all - it's all in the AFR.

There is no point in anyone trying to de-ramp this by talking up a placing whilst its suspended. Because at any time before it resumes trading, Hamilton can easily come out and say "wrong, no placing needed, all fully funded". He hasn't, to my knowledge, said "fully funded" in a long time.

I believe GEX will cite the delays that have happened (6 months and counting) and the extra work caused by adverse weather and DEMIRS to justify a placing. But let's see what happens. All imo and dyor

Vult now has 17 billion shares in issue!!!

Mannan - some of us did tell you this was coming, but for some reason, you just weren't having any of it. Think you owe a lot of apologies for anyone who followed your weak denials that a placing was likely.

I think it would be good if Sam promoted the company more widely than just through Andrew Scott.

I take it you are still in KR. Must be in profit now?

Think I would prefer a Monday RNS myself, but don't mind really so long as it's positive.

One for MR to clarify, as he has definitely remarked in interviews that 'The West' doesn't have the know how to produce Graphite without the Chinese, or did he mean South Asia?

Anyway, he might need to be a bit coy about all this, and keep options open, as he probably doesn't know himself who is going to come in and provide the main funding. Did he not say recently that he didn't see the DFC coming in to fund Stage 1?

I can't see this pullback lasting much longer, but it all depends on how many sell orders remain to be filled. But the selling volume does appear to be reducing each day and there are a lot of large buys going through at these prices. So we might get a final shake and then a reversal, maybe even as early as tomorrow.

I did put in a cheeky buy order towards the bell which didn't get filled. Will try again tomorrow, and then see how it all plays out. GLA

Stamford - it's in the AFR:

"§ Formal drilling approval for Hussar expected within weeks following successful submission of majority of required documentation to DEMIRS; Environmental Management Plan ("EMP") of expanded area due to be lodged imminently

§ Subject to formal approval, long lead items will be ordered for Hussar, along with contractors secured."

So they don't yet have formal drilling approval. They should get it shortly though - that's not the issue. The issue is they don't have the cash to drill without doing a placing imho.

Silverpompous - I have no interest in taking a position here until or unless they:

1) get the formal drilling approval from DEMIRS, AND

2) announce the placing, OR

3) Hamilton rules out a placing.

Otherwise, forget it.

PS: stop using multi nic accounts Silverpompous

South Korea would be a viable partner for the US - close ties and all that.

Don't think I have ever heard MR mention Brazil? and all of Bres dealings/testing has been done by the Chinese to date? Don't see a role for Brazil here, but who knows.

Silver has clearly taken leave of his senses. It's now a case of just saying anything, anything, to avoid having to deal with ANY uncomfortable facts. See no evil, hear no evil.

Everything is fine and dandy with GEX folks. There are no financial issues to worry about at all, the company will never need to raise cash, the drilling permit will follow shortly, then the drill will happen without any issues, leading to a major multi billion pound discovery, and the share price rocketing to £5. This is the ONLY possibility according to SilverPompous

So contractors are going to wait for a discovery and then Helium sales before seeking payment. And a former bankruptee is going to plough millions into the company 😂😂🤣

That role is more Poisoned Chalice than Chancellor right now - who would want it? Give it to your political rival within your own party as a sure fire way of getting rid of them!

Likely it will be done during Q4 2025, but certainly no later than Q1 2026 in my opinion.

I raised this issue a while back - can Orom Cross proceed without any Chinese involvement? At the moment, I believe the answer is NO, because MR has been consistently telling us that only the Chinese companies have the knowhow and expertise required. Hopefully, with this deal over rare earth minerals, there won't be a trade war between the US and China and both will be involved in some way with OC.

But if they aren't willing to co-operate, then I guess Bres has to walk away from the DFC?

Sir Hector - they can't hire contractors because they are not ready to contract. This is because they don't have a drilling approval, nor do they have long lead items been ordered. All this will and can only happen once they have the formal drilling approval. Then they can plan a date with Rig contractors based on how long the long lead items will take.

Can the long lead items not be ordered now anyway? I recall HE1 ordered them before they had a Rig...

The next leg up should see us surpass the recent high of 0.55p. How high? well who knows, but there will be further pullbacks, just like this one, along the way up to 1p or 2p or whatever heights are reached over the coming months and quarters.

Thanks ID78 - my buying is not done! However, I should make clear that I have also bought higher up, so it's not like my own timing has been perfect either. I do feel confident that we will get a bottom reversal forming very shortly so Iam looking to get my average down before this happens.

Just feel a bit for others who can't buy so easily, as the more that people are able to buy, the stronger the stock.

I agree with Andy's 10:25 post. One of the points I was making earlier this year was that I had noticed that Hamilton had stopped using the word "fully funded" in his communications. This makes sense if the company only had £1.2 million in January 2025.

However, I have not been following GEX all that closely, so can one of the believers point the rest of us to the most recent RNS or interview where Hamilton has expressly stated that Hussar remains fully funded?

I think Hamilton needs to come out of suspension with a placing announcement or confirm that a placing is not needed and Hussar remains fully funded. If he fails to do either of these, then I can see people heading for the exit door when this resumes trading - even those who are pretending on here that all is fine and the rest of us are just de-ramping.

But let's see what happens.

KR - I don't think they have made advance payments, because they have said that only after they get the drilling approval will they secure contractors and order long lead items.