Member Info for panda1

Https://www.reuters.com/world/africa/ghana-introduce-new-gold-royalty-regime-tuesday-despite-opposition-regulator-2026-03-09/

This will be tough for high cost producers like GRL

The company was down to £600k cash on 20 November when the new directors took over. It would have reduced further since then due to development costs, salaries and various corporate overheads. The rest of the cash equivalents is TAO which is staked in subnets and I doubt they will sell any of that as the objective is to increase TAO not reduce it

I think the current problem is that the company has far less cash than people expected after the accounts revealed the company was bled dry by former directors and their associates and is now nearly out of cash. The new directors are doing a good job but it's going to take a while for them to turn the company around and it will clearly involve raising fresh capital in order to carry out their plans

Could also be Mindlair that bought some stock as it has plenty of cash. How much cash does SURE have to fund buybacks and does it have the authority from shareholders to buy its own stock?

I think Pires changed its name to Mindflair

Interesting to read that GWMO just raised £3.25m to define a tungsten resource sitting at surface only 30 miles away from Pilot Mountain

If you look at the link I posted TIR's 2 subnets are the ones most at risk of pruning (i.e. being deregistered) the other subnets in the list are immune from being deregistered for 4 months because they are new. You can see the at risk of pruning page at the bottom of this link https://taostats.io/subnets

Scroll down to the bottom of the page and both of TIR's subnets are shown to be those most at risk of being deregistered due to poor performance

https://taostats.io/subnets

Strange to see when TIR's 2 subnets are at risk of being deregistered

The 0.25p warrants have expired

I'd be surprised if there's not a placing soon

The company gave Catalyse shares and warrants in December due to the extension of the loan facility

The share price was totally mispriced.

Hopefully this is the start of the big turnaround. It's like shooting at an open goal with gold approaching $5,000

This doesn't sound good at all for EXR

https://futurism.com/future-society/meta-reality-vr-layoffs

I think some shareholders lost confidence after reading the recently published accounts which revealed:

'During the year ended 30 June 2025, WHM had entered into an offtake agreement with Fujax South Africa (Pty) Ltd ("Fujax"). It transpired that a higher cut-off grade was required in order for Fujax to make the intended sales, and this required further refinement of the WHM processing plant, and production was suspended whilst the necessary changes were made.

Management therefore considers that it is appropriate to classify the WHM processing plant as Mines Under Construction.'

Surely this was material news and there should have been an RNS but i stead it was hidden from shareholders. At least it explains why there are never any revenue or cost figures in updates. The reality is completely different to what Dennis has said in interviews.

The key takeaway for ORR is:

"Cameroon is seeking to encourage industrial gold mining projects, arguing that large-scale operations are easier to regulate, audit and tax. At present, the country has no industrial gold mines in operation, leaving the sector largely informal."

It will be his turn for a 20% drop tomorrow 🤣

That's what I was thinking after reading the guidance - start under promising. The new directors are probably behind this.

Even if they only manage 4000 oz that's still very material given the gold price and many times that of the company I mentioned this morning that someone is getting very excited about 🤣

I think the company may decide to delist to save the considerable costs of keeping it listed. Raising funds would result in catastrophic dilution as the brokers would ask for a massive discount

It looks like 2026 should be the turnaround year and it's fortunate the gold price is so high.

It shouldn't take much to see a recovery in the share price from such a low market cap if £5m.

By comparison, I see ECR has managed to get up to an £8m market cap off the back of alluvial gold production and it is only looking to produce around a couple of hundred ounces per annun