Member Info for Moneyman64

Unfortunately the RNS raises a lot of questions —“Development subject to further evaluation and finding suitable partners “ -this is very similar to the Luansobe licence announcement last year which has yet to result in any production,

That’s why GLR needs a full time CEO to initiate the movement from licence approval to production-every month sitting on a production licence reduces the income generating period of a licence.Perhaps a fulltime CEO would have more time to line up suitable partners prior to licence granting and the non producing period from the granting of the licence would be reduced.

Still now news from the lesser spotted bald Colin-a very elusive Bird who seems to spend his time flitting from nest to nest unable to settle in one-when in a nest this type of Bird has a habit a taking as much as he come often ignoring the needs/requests of the other nest dwellers .

Great to see the shareprice rise from it’s longterm low

Would add a lot of caution here -as with many AiM companies -“hoping for the best expecting the worse”-especially when a certain species of Bird is involved

Thank you-had a lot of problems with HSBC in the past-was nearly 2 months late once-they promised a review of their procedures to make sure this did not happen again -fingers crossed it will appear early next week

Has anyone got their dividend yet?

As usual mine has not yet appeared in my HSBC account!

The big question is when will the licences that “can be monetized will actually be monetized” -will there actually be some “action” soon or will we have endless months of “nothing” continuing to anchor the shareprice sub 1p

Great post by Cardo on the BZT board emphazing the need for a decent CEO for each of the “Bird companies” instead of one that flits between several and clearly not devoting another time to make significant progress in any

Thanks for the Rhodium update.

It is a great shame that the majority of increased income from a rhodium bull market will be most likely poured into the Karo project rather than distributed to shareholders.

How do the Karo numbers now add up Tharisa ?

Share price approaching multi year lows as Bird seems incapable of doing little more than digging holes when the company should be generating income from the Luansobe open pit licence which was granted last year

Seems a bit daft there is no time line to complete the resource statement on licences sold with an uplift -purchaser can leave indefinitely as the licences areas without uplift clauses are developed-like many of Bird’s deals the devil is in the detail which make them less attractive as they first seem

Hi Mike

Agree the Karo basket price needs to be $400 dollars per ounce higher-unfortunately Karo has much higher palladium content (the PGM with the least rosy outlook) and much lower rhodium content (4,1% compared to Tharisa 9.9%) -so palladium and platinium price would really have to motor to get to circa $1700 per ounce PGM price.

Hoping for continued rhodium and chrome increasing prices in the next few weeks.

At some stage Board may well have to consider some sort of write down on Karo investment.

The longer the project is in “Limbo” the more the final costs will rise for Karo

AIM company with 15.75 billion shares in issue is a huge danger sign-add to this the Bird factor -missed deadlines,assets never coming into production and talking up certain prospects and then going silenced on them for years together with the occasionally vague positive RNS you get a low shareprice -seems to be the common factors in relation to all of the Bird “run” companies -some good prospects with very low shareprices reflecting to lack of confidence in Bird to actually deliver any tangible returns for shareholders

Nothing seems to move the shareprice up here-PGM basket price up and chrome price up and progress on the new battery storage technology yet shareprice stuck in the mid 50s yet again -the Karo project will be an anchor for a long time unless we get another PGM bull market

I very much doubt the “Titans of industry” together with the other new investor have turned up to make a quick couple of pence profit on their investment here-why bother.?

The investor event should answer many questions

Let’s hope the new investors turn out to be “Titans of the mining industry” in relation to ZIOC and not “Dads Army”

The investor event will hopefully be very positive with a concrete plan

An update would be good-the Luansobe open pit production licence has a finite live and not wasted.

Understand the desire by shareholders to actually generate some income and returns now and not vague assumptions that we might get a big payout a few years down the line -A Bird in hand is worth more than two Birds in the bush irrespective of how much tweeting they do

Yes copper price is great but think of the income that would be flowing in if Luansobe open pit had been brought into production by now

Bird is too busy fleecing and letting down the shareholders in is other companies he deems to run.

Time for the old …….. (fill in as appropriate ) to stand down here and be replaced by a CEO who can devote adequate time to GLR and actually keep promises and meet a deadline occasionally

Glencore totally out so hopefully all moving towards the big deal within 12-18 months.-Big News

Be interesting to hear what is said at the investor event-unfortunately out of country so hopefully highlights will be posted here

Pros and cons -good that Glencore are out but why and why at such a low price?

Seems very much mate rates for new investors -appoint Daddy who will no doubt be will be well rewarded.

Net dilution only 18.6%