Member Info for Moneyman64

Biggest share of the buy of the day £34 ! Someone forgoing their weekly coffee spend in Cafe Nero no doubt

Funkysausage-I totally agree GLR have non core assets we can sell -that’s why it was a kick in the teeth for longterm shareholders to have a diluting placing in September with further confetti options when a simple non core asset sale would have been much better for longterm shareholders.A placing dilutes current shareholders interests in all assets not just the one it finances.Also if the assets are so good why o why was the placing at a discount-many companies are doing placings at a premium to reflect the quality of assets held -for example Kav.The production licence at Luansobe was issued long ago and still nothing has happened -(action here would have meant no discount placing was required)-agree there is potential at Molefe.

Form the points pointed out above I do not think Bird as a very part time CEO is not doing a particularly good job for longterm shareholders

Well said Hairdavey.

Totally convinced Bird is not putting in enough time,effort or dedication to get the deals in respect of Luansobe and other potential income generators over the line.

Not being disrespectful Bird is well passed his prime and the input and time required to get the most out of the various company assets may well be beyond him.-spending a few hours a month on GLR is a disservice to shareholders who have invested their hard earned money

Why is there such a delay in finalizing the RAM raid ? Seems strange that we have to wait months for the executioners to deliver the final death sentence documentation for longterm shareholders and the vote

Could the reason be there is other interest in the background ?

Think Chrisp is actually Donald Trump -can’t see or accept any points/questions that do not comply 100% with his view that GLR is the best run company in the World -half expecting a picture of Colin Bird as Jesus.

Big question after all the hype has Bird got the time,energy and dedication to take the share to the promise land of 10p plus or will the years of under delivery and rock bottom shareprice continue ad infinitum

It is over 18 months since the additional license was granted at Luansobe and way past the date that the company “hoped” to progress.There are other projects that are licensed that have not been taken forward.

It is all the well to keep highlighting the potential of the company’s projects but to date shareholders have received any return for their investment and the shareprice continues to be anchored below 1p.

As stated earlier Bird apparantly does not have the time or can’t be bothered to update the market about the Molefe potential.

Again potential is all well and good and when is “the Groundhog Day of potential “ is actually going to be turned into shareholders return -once again a full time CEO must be better for the company than a very part time CEO in his eighties.

The only thing that should really matter to shareholders at the end of the day should be a raising shareprice and dividends and not just potential that never seems to turn into actual cash for shareholders

What aa total disappointment this Bird controlled company is -shareprice stuck below a 1p for ever and the “great. Deal maker” unable to deliver anything except digging holes . Production licences supposed to generate income not sat on for ever.

Thought Mxd said all was priced in last week when he got exited about the shareprice falling to 8.5 p pror to yesterday RNs!

Why such a large spread ? Someone does not want this share traded

Jl -please explain why the shareprice is anchored below a 1p despite all this “great deal” and others in the past

Low shareprice due to prospect of more dilution and confetti rights and despite years of hot air from Bird there has never been any shareholder returns or shareprice appreciation -and it is not down to a few comments on here as indicated by Chrisp .

The warrants are a large anchor to the shareprice if it ever gets to 1.6p -over 100 million shares to flood the market at say 1.8p

The other problem here is Jlp -4 to 5 years ago they were promising 25000 ton of copper output in the near future-they are still struggling to achieve 4000 tons having poured in $100 million plus already

Would probably be more beneficial to current shareholders to generate a return from a current asset than more dillution.

You would end up with a big share of future returns -divide by 1.5 billion and not say 2 billion

Look at BZt -circa 25 billion shares -unlikely any returns to shareholders

It is much more easy for Bird to dilute current shareholders than get a deal over the line-hence part time CEOs are not necessarily good for longterm shareholders

The last thing needed here is more dilution to dig more “oles”

Money should be generated from the licences Bird continues to sit on and does nothing with.

Dilution cuts down the current shareholders interests in all assets -not just the one for which the funds are raised

Circa 22 billion shares now in issue-Bird sure likes to squeeze shareholders until the pips squeak

Another placing in a Bird company at a large discount.

Be careful what you celebrate -Glr need money generating deals and not discounted placings -time for Bird to break the discount placing doom loop in at least one of his companies-hopefully Glr

Whatever happened to the Tharisa solar plant which would have given the company total energy independence.?

Wow-still below the 1p shareprice at the beginning of February -hardly outstanding!

It’s the sad fact here that if all the shareholders who took Glencore’s interests and Elphick vote for the deal it will easily pass even if all other shareholders vote no.

This is a total stitch up -excluding royalty valuing the project at less than 2% of its NPV without even considering the undrilled percentage of the licenced area..

15p after many years of holding and not even covering the costs of proofing up the resource and all other costs incurred to date is beyond contempt.

For the 1000th time Chrisp a few not a 100% totally positive posts on every aspect of GLR operation does not depress a shareprice.

The things that are depressing the shareholders is the companies infinite delay in actually generating any cash low from the company’s licensed assets via ever a sale or production.

Just continuing to drill “oles” without a sale or production will just lead to further discounted dillution further reducing current shareholders share of any future receipts -it is not rocket science Chrisp