Member Info for mcmullank

Just looking back through the loan updates and we don't have any update on how many of the 2000 troy ounces have been drawn down. As part of the announcement we were told that just over $1m of the $3m available had been drawn down. Even assuming that the entire £3m has been drawn down with an annual interest rate of 17% we are giving the company equity valued at $300,000 to defer (note defer not even offset) an interest bill of up to $510,000 and possibly as little as $180,000 dependant on what has been drawn down.
This is proving to be very expensive borrowings for other shareholders.

Apologies, I read the RNS incorrectly. We are handing AIMS another 2,000,000 shares for deferring the loan interest.

Anyone lauding a company receiving shares at a near 75% discount to the market price needs their head examined. This is not a good deal for existing shareholders and effectively hands AIMS £3m for deferring an interest placement. Very poor from GRL here.

That is at least the third time you have posted the same article. It is from back in November and is not even factual. For example it states that the EP permit is slightly overdue as a result of COVID.
Back in the RNS in July the company stated that they expected the permit "in the next few weeks". That is not a slight delay by anyone's standards and it wasn't like the company wasn't aware of COVID when they made the announcement.

I agree that taking the shares conserves cash but the settlement was partly in cash.

I can't see how COVID would not affect the EP. If any additional data was needed to support the EP then this would require staff to be working in the UK and/or other countries that the consultants are based. Even Ghana has not been immune to the effects of COVID with the major cities of Accra and Kumasi having a partial lockdown earlier in the year and the country going into lockdown in November as a results of a massive increase in cases.

Having said all that, GRL need to be releasing more detail on what the hold-up is with the EP rather than just stating "COVID".

I have been a holder in here since 2009. My most recent purchases were in 2013 and 2014 which were diluted and I now have a holding at an average of 14.25p

Trek

Not all PIs are in profit at an SP of 9p. Long term holders such as myself have a far higher average than 9p.

That's 3 1m buys in the last 2 days. Someone is confident.

I have been a holder in GRL since 2009 so I am not sure what you think I am "trying". I am miles underwater at the current prices and I am sure that I am not alone.

To see finance being received at such a heavy cost hampers the company in the longer term. Unless you are in this share for the short term then this is not good news for genuine long term holders.
As for your GRL being up for sale, this has been the case for the last 6/7 years, in that time we have had zero interest and major holders such as Unity and Stratex have come and gone. Meanwhile you can't even get the name of the current major shareholder correct - it is Paracale not Pinnacle

120m warrants @3p, Loan priced at $1500 per troy ounce and bearing 14%. This is very, very expensive financing by any measure. Even ignoring the enterprise value of the warrants, we are receiving money by providing the financiers a discount of 14.56% over the current value of the gold and then paying 14% on the cash costs. Really poor announcement and not what I was expecting.

Price rising and no sign of him. And here was him telling us all that he was fully invested here.

I see he is now polluting the Argus board for which I feel sorry for the other holders in that company.

Bluejay are not expecting EU grants. The summary of the PFS mentioned European Funding Agencies not grants.

Will1734 you are a fantasist.

TODAY
"I got a wad of cash here waiting for sub 7.00p....only price I am topping up at...still a falling knife as far has I am concerned...lol"

YESTERDAY
"at present all my investment cash is locked in here...695,000 @ 11.66p as you see fairly heavily underwater."

LAST WEEK
SP 10.00p @close Friday

TODAY
"Waiting for sub 7.00p"
"still a falling knife as far has I am concerned"

How much money did you make all those people that took your advice last week and waited for the 10p on Friday???

When you spoke about purchasing houses for your kids from your investments you were speaking about dolls houses surely! Of course this is ignoring that your kids must be grown adults probably in their 50s if you are 85 next month.

As I stated, pure fantasy.

I am not sure that Alibaba is the best place to find the price of ilmenite, I am pretty sure that the price is actually closer to $200 than $1000. It is difficult to find published prices but this article (https://stockhead.com.au/resources/goondicum-mine-ramping-up-as-ilmenite-prices-rise/) quoted the highest price last year as $216.

Will1734 - "I can assure you its a definite ....NO....I don't believe you will find me amongst the postings on the ANGS BB..."

If you are going to lie at least make sure that it is about something that cannot be disproved with a couple of mouse clicks. You have posted on the ANGS board over 40 times as can be found in your posting history.

ANGS RE: trades 27 Feb '19

BigBear2

I don't ..expect large delayed sells..
---------------------------------------------
ANGS All time low 8 Feb '19

Surely rise from here...
L2

3 v 1

4.70 / 4.90

Not looking to bad from here IMHO

The average length of my investment is greater than 10 years with an annual return currently of 10.8% (including the loss on this one). No, the mugs are those that post daily on pricing and trying to guess the market. Of course if you are not in this for the long term then the value of the projects, life of mine etc. are not important to you. Far easier from a time perspective to pick a direction and call short-term price movements. Anyway I will now just stick you on ignore so that I can read the board again without losing the will to live.

I have been invested in this company since it was CHARLES STREET CAPITAL PLC in 2010 my current average price is over 60p so I have no interest in the day to day price swings nor should anyone except day traders.

I have no idea what your post of 05:11 is supposed to relate to but it certainly isn't anything with substance.

As for your predictions - if you were clever enough to predict with 100% accuracy then I am sure that you wouldn't be posting continually on a free website. Did you sell your holdings at 10p?

The value in my post is that is should cause you to have a little self-reflection on your pointless drivel that you post on here constantly. Whilst it may not have intrinsic value to you, I am sure that if successful, it will be worth it's weight in gold to everyone else that is interested in investing in JAY

Give it a rest, your posts are actually tedious and provide nothing of value. How about taking the latest RNS details and projecting the value of the offtake or potential mine life. You know, something that is actually informative and of value to people reading the board.