Member Info for Moneyman64

I think once again long term shareholders here face disappointment and the “Strategic Partner Process” has hit a problem.

The management must have reserved/booked a venue for the 11th and one has to ask why the venue has yet to be announced -Why ?

Alternatively why announce a meeting if you yet to finalize the “Strategic Partner Process”?

Which will happen first-Colin delivering some decent returns to shareholders here or the Heathrow third runway completed?

Want a CEO who works for the shareholders not for fun.

Fun should not be had at the cost of shareholders

Agree the patient capital has been wasted on a reckless gamble called Karo

Don’t see a significant increase in PGM prices any time soon without which Karo is a complete disaster which has cost shareholders dear in both lost dividends and capital losses via a falling shareprice.

The $242 million wasted to date could have been used on a copper project or another chrome project where prices should recover after the Chinese new year

The management appear to have committed to Karo based on an inflated PGM prices with little or no consideration to the fact that PGMs prices would fall once market conditions normalized.

The $1700 Pgm basket price used to justify Karo was far too high.Karo should have only gone ahead if it was viable at $1000 PGM basket price.

It also very disappointing that the AGM is in Cyprus so that the directors can avoid direct face to face questioning from shareholders

Agree Levistubbs -no significant shareholder value enhancing transactions and no dividends paid in any of his companies for years-GLR and his other companies need someone who can change this

Tired of hearing about potential without no shareholder returns created.

We deserve more than a part time octogenarian CEO who keeps making promises and not honoring them -hence the very low shareprice.

How about a full time CEO with bonuses linked to the shareprice/dividend payouts

Hope your right Whowrotethis and I am wrong

If the meeting on the 12th is not announced in the next 3 days I fear there has been a last minute hitch with the strategic investor

Would have a guess meeting could be at the same place as the AGM -1 Ropemaker street

Still no news here-expecting another year of no progress in shareprice and no shareholder returns despite all the positivity regarding Zambia and GLR’s assets

Duckman -suggest you look at an Atlas -the DRC where the rebels are is a totally different country to Congo Brazzaville where ZIOC are

Almost another month gone-no drill results no progress as Luansobe which was supposed to be in production last September-another example of non delivery from Mr Bird

Totally agree -we need a full time CEO with get up and go to actually deliver returns to the shareholders from the assets that GLR have -not a part time OAP who flips between many companies never delivering returns on any of them and at the same time earning handsome fees from all of them

Luansobe may be “oven ready” but have we got the right chef to prepare the dish and serve up the long awaited returns to shareholders

Analytical-totally agree that the company has a suite of assets with very good prospects.Unfortunately these assets have yet to provide any return for shareholders and the market has lost faith with Mr Bird -hence the low shareprice not helped by Mr Bird saying previously Luansobe would be in production by last September.It is perhaps time to have a full time CEO with Bird having some sort of consulting role perhaps -he is interested in many companies and perhaps he is not dedicating enough time to GLR .Mr Bird has been very good at acquiring the assets but a new fulltime CEO to monetize the assets can not be a bad idea.

Without any returns to shareholders in say the next 6 to 12 months I think my “hot air” comments are not too far of the mark

Unfortunately my. gut feeling is we will have another year of Bird hot air with no significant deals or returns to shareholders-hope I am wrong!

Thanks Analytical -the only question relevant here is if/when will GLR shareholders will benefit from rising copper prices?

Tharisa is down almost the same today despite Berenberg increasing the shareprice target by 20p

The share price is being killed by the power problems at Roan as if this was the company’s only source of income!

An update would be good -is power getting to Roan and at what capacity is it operating at.-?believe Zambia has increased power imports to try to boast industry

On a positive note the copper is creeping up and PGMs are not falling.

Chrome has fallen in price but should recover after the Chinese new year and once Trump’s policies are actually set out

Chrisp -how long are you happy for the shareprice to hover around 1p and what is the timeframe for a shareholder return?

Bird can’t continue indefinitely without coming up with the beacon?