Member Info for Moneyman64

The shareprice is not irrelevant -in fact it is the most important indicator of how a company is seen as progressing by the outside road -in pure terms it should give a indication of the net present value of the company’s future earnings (prospects)

The only “deflection” going on here is by WRT and those who simply refuse to recognize the lack of progress on many fronts that is reflected in the shareprice.

How long will the likes of WRT continue to “big up” how well the company is being run and happy to accept no shareprice appreciation or any other returns on their investment?

No doubt most of the £3 million would be paid to Bird as a bonus - claiming he was entitled to it for doubling the shareprice from it’s pathetically low price

In May 2021 the shareprice was 1.9 p -five years later it is less than halved this and some people here think Bird is doing a fantastic job despite being in the sector of booming commodity price.

There is no cause for celebration if the shareprice ever gets to 1.6p -a price less than five years ago.

Anyone who does not understand that the warrants are a material anchor once the shareprice gets to 1.6p is being very naive as is the fixation Bird is doing a good job here despite all the known facts indicating to the contrary.

And by the way I don’t want a “firesale of any assets” -I just won’t full disclosure of what is happening.

No one in there right mind would be happy with or defending the status quo

WIW -both of us have not got a clue what offers have/have not been made but perhaps if they were made known shareholders could at least decide whether or not they were “firesale or reasonable” .

It is very shortsighted of the “Bird groupies” here to assume that he has being acting in the “interests of all shareholders” and the lack of news of progress on many fronts should not be seen as a good thing.The MOLEFE deal may or may not work out well but it is a useful distraction from the clear lack of progress on many fronts elsewhere and has of course been paid for by a discounted placing materially diluting potential returns on other projects should they ever progress.

Then there are the warrants at 1.6p which will further dilute any returns and act as an anchor to the shareprice.

Bird appears to be concentrating in getting assets into production in other countries which is no use to shareholders here.

Saying everything is on track when it is clearly not judging by the shareprice is a disservice to longterm investors here who deserve more .

My objectives in running the company are simple-use the current production licences to generate income (via outright sale or production) to provide funds to provide a combination of returns to shareholders and more drilling where necessary.

Also stick to deadlines.

If Bird can not do this get someone who can

You can argue that by doing nothing you might get a better deal sometime in the future but this will not necessarily be the case

Chrisp-the only person lowering sentiment here is Bird with his total inability to capitalize on the production licenses here and his very casual part time approach to running GLR which requires a fulltime CEO to get the best from the company’s asset portfolio.

Whowrotethis-it is perfectly logic for shareholders wanting to know if the company is actually making any progress on projects such as Luansobe -shareholders do actually own the company and should be kept in the loop as to what is going on-Bird should not be able to hide forever behind “non disclosure agreements”

Without periodic updates (specific and not general ones such as “It is hoped that ….. can be achieved in …….)

it is perfectly logical to take the view that Bird is spending most of his time elsewhere and hence is not putting enough time to actually get some shareholder returns here.

Have you ever considered a sale of a non core asset will be much better than dilution as interests in all other projects are not diluted.

The status quo of months going into years of radio silence on some of the company’s projects is totally unacceptable and should be rigorously questioned -very few people are replied too when they write to the almost non existent investor relations.

Glr is a quoted company and Bird should not be operating it as if it was privately owned by himself.

If and when I see evidence of actually progress on some of the “apparent dormant projects” I like other shareholders are correct in questioning what is going on with GLR.

Just look at the dire shareprice

Prefer a dividend-share buy backs are of little use to small shareholders .

6p final dividend please-can’t spend a share buyback

What sort of update could Bird give-maybe

“I am too busy elsewhere to put any time or effort into Glr and will continue to ignore shareholders concerns here as I don’t care about them at all.I will not appoint a fulltime CEO here as it will show that with proper time,effort and dedication how the company assets can be used to provide decent shareholders return.I will continue to let shareholders down in the short to medium term but will still continue to draw a decent salary here for doing nothing which will continue to be funded by discounted placings when necessary “

What sort of update could Bird give-maybe

“I am too busy elsewhere to put any time or effort into Glr and will continue to ignore shareholders concerns here as I don’t care about them at all.I will not appoint a fulltime CEO here as it will show that with proper time,effort and dedication how the company assets can be used to provide decent shareholders return.I will continue to let shareholders down in the short to medium term but will still continue to draw a decent salary here for doing nothing which will continue to be funded by discounted placings when necessary “

Hi Castiron -was referring to whenever Bird had been on the Sunday Roast regarding GLR before.

Perhaps even they got tired of hearing of all the assets held by GLR that never seem to be progressed

Sunday Roasts never ask any serious questions -they are part of the Bird appreciation society - just like Chrisp here.

All their interviews do is boast Bird’s ego by letting him talk up how clever he is “in his own opinion”.

We need a “Peston” type interview not a Richard and Judy tribute act

They should be asking one simple question -“When will shareholders in Glr actually see a return on their investment and how much time and effort are you spending to deliver a return ?” Why can you never get a deal over the line on the assets with production licences and why is it acceptable that your first course of action is to use discounted placings to raise funds instead of disposing of non core assets?

The NPV of the project has been increased by 30% making the “RAM raid” look even more a bad deal for shareholders.

The Board should be actively marketing the revised figures to other potential investors -surely the Chinese or even the Americans would be worth talking too.

At least the retained percentage in the project by Zanaga should be increased to reflect the revised upwards to reflect the improved project economics-.

Surely someone would be prepared to pay 20-25% of the net present value for such a prime asset -half the licenced area has not even been explored yet

If finding “partners and sales” is CB job he does not seem very good at it.

“Can’t be rushed” -snails go faster

Just looked at BZT.

How is it doing well? Shareprice has halved from .14p to .07p in four months with almost 19 billion (yes 19 billion) shares in issue,recent discounted placing (23.5% to the shareprice whereas good companies can issue at a premium) and no doubt more to come.

Seems very much on par for a Bird company

I am not invested in BZT and I am not impressed that Bird is spending time there at the cost of GLR..

Here we go again Chrisp -attacking the so called “moaners” who only want time and effort here to provide a long awaited return to shareholders.

Every hour Bird spends working on his other companies is of no help whatsoever to GLR -that’s why GLR needs a fulltime dedicated CEO

The cost of management is low because the Board including Bird appear to spend very little time working here to promote the company and actually generate income/returns from the company’s portfolio of assets.

I rather have a fulltime dedicated CEO to take the company forward -the actual costs would be covered many times by the progress that would be made.

The World is full of very elderly leaders who think they know best,will not step outside and are very hostile to those who don’t see things their way-things are not going well

Chrisp -the only reason money is limited is due to Bird’s inability to create any income or returns from the company’s projects with production licenses

Chrisp.-are you for real or are you Colin Bird continuing blaming the lower shareprice on totally reasonable concerns about the dire shareprice and the apparent total lack of progress on many of the company’s projects.

Management have only their self to blame for the current shareprice -8 months ago a RNS hinted at near term deals but not a word since -you should be asking yourself why Bird continues to deliver very little and not blaming shareholders.

If Bird actually got his act together there would be no need to consider the possibility of further discounted placings would be totally out of a question -the reasonable monetarism of one of the company projects would mean no further dilutions would be required.It is shareholders that should be annoyed about the directors performance and not the directors annoyed about shareholder raising concerns!

Perhaps if Bird actually got his act together the shareprice might rise.

To say management will be annoyed with shareholders because questioning their performance is totally comical -perhaps you need remaining that shareholders actually own the company and they are totally within their rights to question management performance and try to hold management to account.

If you really have a large holding in the company you would have the same concerns as everyone else here

JL -sorry to hear that you have not yet received a reply to your e-mail-once again demonstrating the casual approach to shareholders concerns of the management -Chrisp take note

Chrisp.

Perhaps it is brainless not challenging the directors for not delivering any returns to shareholders year after year despite having a large portfolio of assets including some with production licenses that decrease in length over time.

You might be happy for the “status quo” with the shareprice stuck under a 1p for infinity but I can assure you the majority of investors here are not.

To call people “brainless” who are concerned about the continual lack of progress on many fronts shows both ignorance ,naivety and is very Trump like.Does not Trump issue cheap insults to anyone who does not see things 100% his way?

Everyone is entitled to their own opinion even if it does not mirror yours -concern about continued like of progress here is totally valid