Member Info for PaulFG

Wouldn't count on gov grant igniting the SP - didn't for BRES - and it's likely to be in progressive tranches not one big lump sum. But as you say it would allow GMET to progress things and we could finally see some actual activity rather than analysis on historical surveys.

They are getting funds dripping in from warrant exercises but what we need are the large equity holders to exercise their warrants to make that cash injection meaningful - also because these are the holders that are unlikely to sell equity to finance the exercise.

Until then I think the SP is likely to drift as smaller holders may be selling to finance warrants -and ya'know the usual limited concentration span of retail.

I hear what you're saying about offtake/financing agreements - but when the deal fell apart (sorry that's my interpretation) last year I didn't expect any news on that front for quite a while.

One of the issues I've always had here was simply the size of resource - sorry folks but it's just too small currently compared to many, many, other mineral sands projects. BUT we have the potential to rapidly expand that resource so for me when I see them trying to recruit a geologist that's very much a step in the right direction.

The bigger we can make the resource the more options we have, including potentially selling it.

At this stage I'd just like to see progress on any ruddy front.

Ignoring the Primary Bid (which was more successful than I expected) I mean how do you convince investors to pump in £4.5m, on a not huge discount (24% isn't that bad compared to some I've seen...HE1!!!)?

I mean we were literally trading at that level very recently.

The only way you can get that level of investment, in todays market, is being able to demonstrate a pretty good potential return within the not too distant future.

@DVH - give it couple of days. Then comeback with a fresh mind and see if you feel the same. If your confidence in the HAA's ability to deliver real value on these assets is shattered, then probably worthwhile developing an exit strategy that puts you where you want to be in the short-medium term.

@DVH you do seem to have taken these events rather badly, old sport.

Doesn't help @Andoman when people sell 100k shares....lol

I'm giving this a day/2 to settle down, then see where we end the week.

Then see where we end next week - 2nd bank sign-off (if still on-track) can't be far away.

What reaction then? WIth no Raise anticipation to hold it back.

Also interested to see if we finally have our Gold price breakout ...

@DVH it is perfectly feasible that financing 'sign-off' is as close as we've previously anticipated, but sign-off is not the same as receiving funds. As HAA has stated once it's approved they then clamber into the pit to negotiate equity stakes - I think this was the prudent thing put cash in the bank. It reduces the urgency of getting things over the line and increases your negotiation power when it comes to the equity haggling.

Of course I could be totally wrong - but I'm happy to remain as long as I was, perhaps even to increase the holding again. I still think March has the potential to be very interesting - it has thus far.

£495,916 raised in PB - to be honest given the dramatics on here last night I'm surprised they got within £4k of the it. Bloody well done I'd say.

I don't subscribe to the theory that Financing is delayed - this may have been on the cards all along given the length of time it takes to get approvals through Corporate processes. We've got funds, financing approvals enroute - all good.

Bring on the usual suspects -Henny Penny the sky is falling...

I mean in the end they managed to raise £5m, no mean achievement in this market - a reflection of the assets.

That's my glass half-full interpretation. lol

Yes apologies - just checked PrimaryBid, still open.

* Gold price is in breakout mode

* I still think we're on track to receive good news on financing before end of March (at least from credit committees that convened in Feb)

* The raise is oversubscribed in a few hours

All actually feeling pretty positive, looking forward to this month.

I'm inclined to agree with Rob. But then I don't have the baggage of holding this stock for many years I only started buying in this year so at 0.6p it's not giving me much pain.

Let's see what March brings...

I know this might appear ñaively optimistic, but still have a string possibility of hearing good news on the second bank pretty soon, in which case 0 6p might be a very good buy. It's possible that HAA left this raise until the last possible moment but prudence demanded execution today.

Very bizarre timing, though.

Only if we get to dig it up and sell it. Otherwise our balance sheets might improve with the valuation of the inground resource.

Just noticed the SL company is hiring a Geologist: https://www.linkedin.com/posts/damsila-exports-private-limited_embrace-the-challenge-exiting-career-opportunities-activity-7170389592070717440-9Sc3?utm_source=share&utm_medium=member_desktop

@dvh...it could, it really could... believe!

lol

Really good opportunity here to build a good Value long position. The problem is this sector is riddled with many such situations. We need new money, new investors, otherwise we're all waiting for the buyout.

@pikeman - fyi I'm a shareholder in GMET and we're already listed in US on OTC market - the same one POW is talking about and there's hardly any volume and that's for a company totally focussed in Nevada - don't count on US investors getting overly excited about POW.