Member Info for PaulJ8520

Ghana’s annual inflation rate eased to 3.2% in March 2026 from 3.3% in February, sustaining a 15-month downward trend. This was the lowest reading since the 2021 rebasing, as the cedi has maintained stability, helping to curb price growth. Prices moderated slightly for both food (2.3% vs 2.4% in February) and non-food products (3.9% vs 4%). Inflation for domestically produced goods rose to 4.9% in March from 4.5% in February. Meanwhile, prices for imported goods fell by 0.6%, after a 0.6% rise in February, likely reflecting favorable exchange rate effects. On a monthly basis, the CPI rose by 0.1%, after increasing by 0.8% in the previous month. source: Ghana Statistical Service

So why did Mike Jones set up a company called Mincorp Limited, Company number 16195397, in the UK in January 2025?

I'm not going to get into a tussle with you Banjomick, but to me it doesn't take a year and a half to complete pad 6... and as for pad 7, well, when was the last time we heard about that one?

The comment about Emma is from this bulletin board's posts, I'm a private investor and have no affiliation with any forum or other groups. I've staked £41K in this and so want it to do well, but I'd like to see a change in GRL's leadership for the reasons already given.

GG... we don't know why they have reduced capacity in 2026 than in 2022, or if the reported figures in 2022 were just another lie. Maybe those inspector guys noticed some regulatory inappropriateness and have told GRL to stop operations at parts of their plant. It seems incredible to me that pad 6 has been being developed since at least August 2024 and has not been finished. Maybe at some point they were told they didn't have permission to clear all that land that they cleared which was needed for pad 6 and this is what has caused a lot of trouble, and necessary inspections (I'm trying to read between the lines here).

It's not as simple as them just inventing "credible lies" but maybe them trying to hide the truth from investors about their horrendous inexperience in gold mining and regulatory requirements in Ghana.

A lot of us want to see Emma replaced due to, amongst other things, her comments about GRL's expected 1000 oz from Jan 2025, which attracted a lot of investors only to find out these were lies. I suspect you GG were also attracted to this and from your comments from last April, you were very positive about the company. Goldbug2 also seems to have issues with Emma and thinks that a 'court case' is about to descend upon her and relieve us all of her domination. What is clear though is that all these directors are 'great friends' who have know each other for years and unlikely to revolt against her, only the departed perhaps. Anyway, I don't hold much faith in what Goldbug has to say since his 'gag' about an EGM to remove her never materialised

Corrumpo, goldbug2 said 6/7 oz per day, not per month as you've written. If we take it as dore and regular oz, then that equates to 5.23 troy oz of pure gold per day. At $2,200 ($5,000 per oz less AISC of $2,800) gives the company $345,180 per month or $4,142,160 profit before tax per year.

Ghana’s annual inflation rate eased to 3.8% in January 2026 from 5.4% in December 2025, marking the 13th consecutive month of slowing inflation and the lowest level since the CPI was rebased in 2021. Inflation moderated for both food and non-alcoholic beverages (3.9% vs 4.9% in December 2025) and non-food prices (3.9% vs 5.8%), reinforcing signs of improving price stability. Inflation now sits well below the Bank of Ghana’s 8% target band, leaving room for further easing after cumulative rate cuts of 12.5 percentage points since July 2025. The sustained disinflation highlights Ghana’s recovery as it moves toward completing its IMF-supported programme later this year. On a monthly basis, the CPI rose 0.2% in January, following a 0.9% increase in each of the previous two months. source: Ghana Statistical Service

"I questioned Wilkins and Fenn why they were ignoring Emma’s lies, but never got an answer."

That maybe true, but whenever anyone asks you why you lied when you here at the helm, you've never answer the question. So therefore why should they.

Its just gone past 5560 per oz, there are worries about a federal reserve collapse.

On the voting proxy thing it says;;;

"Use of Proceeds

Approximately £1.4 million of the net proceeds of the Subscription will be used to expedite the Company’s exploration programme at the Homase Mine in Ghana, with the objective of expanding and enhancing the current JORC Resource, together with supporting business administration and working capital requirements. The Company plans to use the remaining funds to invest in gold projects outside Ghana, aiming to diversify its asset base and enhance Shareholder value. It is currently in advanced discussions regarding a potential investment in a company with gold assets in Sierra Leone. No binding agreements have been made yet, and the Company will provide further updates if any such agreements are finalised."

So not an acquisition. I'd rather have the remaining ploughed into Homase, but I couldn't vote on that, such a shame. Does it mean they think they have enough funds coming in from Homase to continue expansion? I wonder!

Thanks conman, boldicus, cybermonkey and others… seems like me and Banjomick got in at the same price and held on even though we were down c.75% at one point. Not very good financial risk management, I know. Who knows what’s next. I’m surprised we haven’t heard from Harchris, but I’m sure he’s looking on. Yes, I’m expecting a pullback at some point but you never know when that will be. Let’s hope it does something like MAST did, that would be something.

Ghana's annual inflation rate fell further to 5.4% in December 2025, the lowest since July 2022, from 6.3% in November. This marked the 12th consecutive month of slowing inflation, largely attributable to a strengthening currency. Food inflation eased to 4.9% from 6.6% in November, while non-food price growth slowed to 5.8% from 6.1%. On a monthly basis, the CPI rose by 0.9% in December, the same pace as in the previous month. source: Ghana Statistical Service

Ghana's annual inflation rate decelerated for the 11th month running to 6.3% in November 2025, from 8% in October, largely due to a more favorable exchange rate. Higher cocoa and gold prices have contributed to a stronger cedi this year. Food inflation eased to 6.6% from 9.5% in October, while non-food price growth slowed to 6.1% from 6.9%. On a monthly basis, the CPI increased by 0.9% in November, after a 0.4% fall in the prior month. source: Ghana Statistical Service.

I found this part of Jersey Company Law interesting...

98 Minutes

(1) Every company shall cause minutes of all proceedings at general meetings, meetings of any class of its members, meetings of its directors and of committees of directors to be entered in books kept for that purpose, and the names of the directors present at each such meeting shall be recorded in the minutes.[276]

(2) Any such minute, if purporting to be signed by the chairman of the meeting at which the proceedings took place, or by the chairman of the next succeeding meeting, is evidence of the proceedings.

(3) Where minutes have been made in accordance with this Article then, until the contrary is proved, the meeting is deemed duly held and convened, and all proceedings which took place at the meeting to have duly taken place.

(4) If a company fails to comply with paragraph (1), the company and every officer of it who is in default is guilty of an offence.

99 Inspection of minute books

(1) The books containing the minutes of a general meeting or of a meeting of any class of members held after this Article comes into force shall be kept at the company’s registered office, and shall during business hours be open to the inspection of a member without charge.[277]

(2) A member may require, on submission to the company of a written request and on payment of such sum (if any), not exceeding the published maximum, as the company may require, a copy of any such minutes and the company shall, within 7 days after the receipt of the request and the payment, cause the copy so required to be made available at the registered office of the company for collection during business hours.[278]

(3) If an inspection required under this Article is refused or if a copy required under this Article is not sent within the proper time, the company is guilty of an offence.

(4) In the case of a refusal or default, the court may make an order compelling an immediate inspection of the books in respect of all proceedings of general meetings, or meetings of any class of members or directing that the copies required be furnished to the

I wonder if they recorded all that was said at the General Meeting when it all 'kicked off'.

I have no idea why anyone would defend, or even support, the current incumbents. Their 'opportunity' to sell themselves will just be more and more lies in my view. This is a real opportunity to rid this company of, what I view, as corruption; the last of them. It's something that existing shareholders should jump at the chance to do. Your intimation that they will fight, just shows how low they will go to ensure they remain in power to try to exonerate any blame attributable to them and therefore try save their reputation at the expense of existing shareholders and the company. These people are, in my view, disgusting.

Experience

Manager JV & Regional Metallurgical Lead

Gold Fields Ghana

Mar 2019 - Present 6 years 9 months

Mineral processing and metallurgy heap leach

General Manager

Maaden Gold and Base Metal - Ad Duwayhi Mine

May 2015 - Aug 2017 2 years 4 months

Saudi Arabia

Doubled also as the Commissioning Manager with the responsibility for plant startup, throughput ramp up and plant optimization

Process Consultant- Advisory Site services for Commissioning and Plant Startup

Hanwha Engineering and Construction Company Saudi Arabia

Aug 2014 - Mar 2015 8 months

Commissioning Planning and Documentation

Manager/Process Engineering Team

Hanwha Engineering & Construction

Jun 2013 - Jun 2014 1 year 1 month

Jung-gu, Seoul, Korea

Principal Design Engineer for Process-related designs

Verifying Front End Engineering and Design from clients

Simulations on Process operations/parameters

Metallurgical Manager

Gold Fields Ghana Limted

Jul 2007 - May 2013 5 years 11 months

Tarkwa

Responsible for the day today Heap Leach Operations and the Site test Laboratory.

Stacking capacity of 700Kton/month for the North and 300Kton/month for the South Plant

Senior Manager-Metallurgy

Ashanti Goldfields now Anglogoldashanti

Sep 2000 - Mar 2004 3 years 7 months

Responsible for the BIOX Sulphide Treatment Plant (STP) and Oxide Treatment

Re-engineered the Sulphide Flotation Plant to improve flotation recovery and overall plant recovery

Experienced in gold heap leach but no CEO experience!

Booboouberbear, I don't think we've got much of a choice but to go along with Bill's ?plan. I don't think it would be prudent to persist with the current board given we've been lied to, in my view, deceived, in my view, and the insurmountable evidence is, in my view, that they are incompetent. He gets my circa 3M votes. Although I don't trust a word he says and wouldn't willingly vote for anyone he would put forward. But we are helpless in this fiasco and the only way we are to have any realisation, or even chance of progress is through change.

Ghana's annual inflation rate fell to an over four-year low of 8% in October 2025 from 9.4% in September, marking the tenth consecutive period of slowing price growth. Inflation has now converged to the Bank of Ghana’s 8% target range, which has a 6–10% tolerance band, supported by favourable exchange rate movements. The cedi has rallied almost 35% this year on the back of strong cocoa and gold prices. Food inflation eased to 9.5%, compared with 11% in September, while non-food price growth cooled to 6.9% from 8.2%. On a monthly basis, the CPI fell by 0.4%, after a 0.9% increase in the prior month. source: Ghana Statistical Service

POG is going nuts at the moment. I remember someone excitedly posted that 500 oz per month was $12M a year, at 230 oz per month and gold at $4330 is now almost that.

Ghana's annual inflation rate decelerated further to 9.4% in September 2025, the softest since August 2021, from 11.5% the month before, marking the ninth consecutive period of slowing price growth. Still, it remains above the Bank of Ghana’s 8% target range, which has a 6–10% tolerance band. September's slowdown was largely due to falling food prices, which dropped to 11% from 14.8% in August, whereas non-food prices eased more modestly to 8.2% from 8.7%. At the same time, imported inflation moderated to 7.4% in September from 9.5% in August, supported by the relative strength of the cedi despite recent weakness. source: Ghana Statistical Service

Cash and cash equivalents $437,262 - crikey HarChris, how much do you have in your ISA???