Member Info for Moneyman64

Yes -you could do a deal based on a base copper price of say $9000 to $10000 with a share of any amount above that price

You can publish all the copper charts you like but until Bird actually does something with the assets here they are not worth the paper they are written on in respect of GLR.

Luansobe should have been in production over a year ago according to Bird.

I am not selling in the vein hope that one day in the next decade Bird might get his act together here instead of spending his time on other interests and not have a further placing to fund “ more ole drillings” and further enrich himself and his sidekicks

The whole point of a NDA I guess is not to tell anyone anything -great excuse to keep longterm shareholders in the dark.

Unfortunately the NDAs here seem to go on for ever and obviously exclude other interested parties which I can’t see is good for shareholders.

What is needed is a full “out in the open” bidding war between at least two interested parties not secret behind closed doors negotiations

Sml has a healthy cash flow from Cobre,part of the drilling is financed by Government Grant and possible sale proceeds from Leigh Creek.

Hopefully a combination of the above will mean there is no need for a fund raise.

As more and more drill results are announced more majors will become interest -whether in the form of a joint venture or an all out bid -a bidding war by two or more multinationals would be good -combination of high grade copper and tungsten together with silver and tin thrown in will be very attractive to many

Hi Juniorlassonde.

All the time Bird spends on his other companies is time should be spent on GLR -hence the dire shareprice and the shafting of longterm shareholders with a totally unnecessary discounted placing -if 100% of Birds time was spent here a non core asset could have been disposed long ago to avoid dilution.

. -I doubt that you are happy with the dilution of your shareholding and the added insult of options

I am waiting to see if Bird lets longterm shareholders here again -2 months to go but I would bet Bird will not deliver -delighted to be proved wrong

When has Bird ever meet a deadline?

The crucial word here is “when” Colin accepts one “of the three Deals” -the “when” could go on for years with further dillution

A non control freak democratic chairman would inform the shareholders what is on the table and either let the shareholders decide or inform the shareholders for the reasons why the offers have been turned down

Suppose the only positive here is that Reeves increases capital gains tax (judging by the dire shareprice ) if people give up on Bird and sell they won’t have to pay any capital gains tax

100% agree Iky.

It almost appears that Bird goes out of his way to not deliver for longterm shareholders.

Apparantly turning down deals that could make a big difference in the lifes of some longterm shareholders

It amazes me that Bird sold the licences to Sandfire without insisting on a specific time limit for the resources based payment to be determined.

As far as I understand Sandfire could choose never to finalize the payment if they have sufficient resources elsewhere .

Doubt the “upto 80 million “ is even indexed linked -so the longer they delay the less any payment will be in real terms

This could cost shareholders dear-perhaps illustrates the need for a fulltime CEO with mor attention to detail.

Best thing by far for shareholders would be a complete sale of GLr.

No significant returns for shareholders from piecemeal operations-just more payments to Bird and co and no more dillution if we are lucky.

Do use all a favour Mr Bird-sell up and retire and give “ALL SHAREHOLDERS” a very decent payday

It seems very common in company’s that Bird is involved in.

Looking at the Xtr board the longterm shareholders are being treated exactly the same by Bird.

Unfortunately we never know what offers have been made to Bird and what offers he has turned down “supposedly on our behalf”

It’s a great shame that there is not a rule that an offer for an asset owned by a company that is a certain multiple (say 3 times the company’s current market value) has to be disclosed to and voted on by shareholders.

It should be up to all shareholders to decided what is in the best interests of the company not just the part time CEO

Don’t think the ultra rampers have considered a slightly lower sale price for an asset could be more beneficial to them than more dillution.

Sale proceeds of future asset sales are then divided between less shares .

The shareprice reflects the performance of Bird and the other directors over the last year -down 25% despite all the assets and booming commodity prices

Bird needs to get a grip here,keep shareholders updated and actually deliver returns and not dilution

Not getting exciting here.

Time Bird put in some time on Glr -an hour spent by Bird on other companies is one less hour spent hour.

Hi Mike 1959

I guess the good news is that at the current levels of PGM and chrome prices Tharisa will be generating very healthy cash flow and profits.Reading all the PGM price predictions it appears that the high PGM prices should prevail through 2026.

A PGM basket price of $700 per ounce more than earlier in the year is a huge bonus

This combined with the write back of some/all of the tax provision will materially increase the balance sheet net asset totals which in theory should make it easier to borrow the funds to complete Karo-hopefully no equity raised.

Also although the investment in Karo has increased -predicted annual production has also increased.

We will learn more from the annual accounts in the first week of December

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I agree BSmonitor but I have a nasty feeling that Bird is going to let us down again-turning away apparant decent offers and having to raise more money “to dig them oles”-if he continues much longer his years will catch up with him and he may end up in one of them “oles” before any assets are realised

As I have said before Bird should be honest with shareholders ,inform them of any offers and actually let them decide

Any chance of getting the accounts finalized ?

Hope Bird has not got an Icarus complex and does not fly too close to the sun!