Member Info for Moneyman64

That went will didn’t it Mr Elphick?

Massive increase in project NPV yet the shareprice marginally down on the day -the market clearly thinks this is a repeat of 2014 (at least there was a shareprice peak then) when last project economics were announced and nothing happened.

Please consider a deal in that results in a shareprice circa £1 to £2 is better for Glencore,yourself and other shareholders than holding out for a higher price and realising nothing .

Looks like the license has been sent by pigeon post no doubt chased by Dick Dastardly and Mutley -surely GLR could get a copy e-mailed to them!

So npv figures have no effect on shareprice whatsoever!

Like other AIM companies you can publish out of this World NPV figure but without a committed investor they mean nothing.

The big questions are

1-Why ain’t Glencore interested in taking on the project themselves -buy the other half out for circa a billion and they have a multi billion NPV project,They are supposed to create longterm profit streams and capital returns for their shareholders.

2-Are the directors going to sit on this for another 10 years or actually create shareholder value year -better to accept a £1 billion offer than get nothing and see the company die

Copper price having no impact on shareprice.

Colin can ramble on about the price of copper until the cows come home but until one of the copper assets is either put into production or sold the shareprice will not move significantly

Everyone appears to be expecting more disappointment here and fully expecting to be let down be the board once more-Chinese calculators must be on a go slow.

With luck Elphick and Co descendants will make some progress by 2150!

Actually realise some cash and distribute to shareholders! Don’t be silly -not part of Colin’s Modus operandi -would be great though

Colin sure can talk the talk but for once can he actually walk the walk and deliver some material returns for shareholders?

Just reread the March RNs -clearly states expected publication date for updated 2014 FS is April

Expecting RNS stating that the publication of the project economics has been delayed again.

If any significantly positive news was imminent the shareprice would not be “groundhog daying” at 7p-back to sleep!

A takeover at 20p plus would be a great finally to the Birdmans career and it would make great sense for Sandfire to do this -as more discoveries are made and licences granted the price can only increase

Tik tok -let’s have the updated project economics next week or will the Board provide more disappointment ?

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They may have the license -let’s hope the Birdman does not “faf” around too much and actually generates a decent return for the longterm suffering shareholders

A few weeks delay is frustrating but is par for the course when conducting business especially in Africa -it is a storm in a teacup and does not have impact on the production targets when Roan is up and running -just look at the long delays in completing some large Government projects in the Uk for example

Moneygib -if I could recommend your post more than once I would.

The board appear asleep at the wheel and have no respect for their shareholders .

Stop waffling about future metal prices for once CB and actually do something tangible that actually benefits the shareholders

Glencore have totally messed up on their investment in HZM and their related nickel offtake agreement is not worth the paper is written on.

Perhaps this will incentivize them to realise their investment here sooner rather than later

Frankly anyone who is buying here is deluded -many opportunities in companies that are actually producing and do not have unmanageable debt-why continue to pour money aware here-you are just flushing money down the toilet

Fingers crossed that ZIOc stick to their word and actually make the FS public before the end of the month

Perhaps it is time for CB to retire and get in a younger CEO who wants to show the market what can be achieved with the GLR portfolio -CB appears asleep at the wheel

Copper flying -GLR shareprice dying (due to lack of evidence of any tangible progress)