Member Info for RightOn

MarginMiner, you appear to suggest that the fuel market in Kazakhstan is linked to the world market, and therefore impacted by the Hormuz crisis. It isn't. The prices of fuels, industrial and consumer, have barely moved since the government has maintained strict price caps on the most in-demand fuel grades to prevent social unrest and protect domestic industry. It can do this since the government itself produces and refines most oil in Kazakhstan, although that will not be sustained in the long term, as it is today at max production, and so is hurting itself by selling internally (at a discount) compared to international markets. But for the moment, be happy, for the fuel for our production is being purchased at a discount compared to world prices.

To respond to your question "Unfortunately the statement from Mr RightOne, " . . George Robinson has been an investor since 2017. . .", does not indicate he/they have been invested in GRL since 2017 - but many may assume that. I wonder if Mr RightOne has additional info he/she may like to share to clarify that.".

This was stated directly in the meeting, so I guess was public information. I have nothing further myself.

The EGM. I was there (who else??). So let me post my notes from the meeting. I can say one important thing. Bill was not there, and not been mentioned. Neither was Angela present or mentioned.

After having attended several AGM’s, this meeting felt different. Rather than explaining the most recent issues, explain away upsets, as most other meetings seemed to do, this meeting came out with a plan. Here are my notes from the meeting:

• Due to issues at the AGM (an ambush from an unfriendly agent, if I understood correctly – I was not present), financing issues could not be properly addressed. They have been in the present EGM.

• The present meeting was organised to put forward and complete the investment attracted to complete the reorganisation and restructure of the company to expedite progress in Ghana.

• The investor (George Robinson – see below) came in at a substantial premium to share price. The confidence in this investment has been confirmed by the rise in share price.

• George Robinson has been an investor since 2017. He is part of a family investment group as well as Sloane Robinson, private investors into the metals industries. I was told that they have been very successful. He was present, and gave a very positive view of his investment.

• We were told that historic local creditors have all now been paid (diesel, cyanide, etc), so the Ghana company is in financial state.

• There is lots of potential from the area surrounding the main pit, and which will be drilled. Stage one will drill approx. 5,000 metres, whilst there will be 16,000 – 18,000 metres to follow.

• We were told that there are approx 600,000ozs of known gold in the ground. This sets Goldstone up for a prospective future if this is maintained.

I disagree. The BoD are working hard to bring this to fruition. Please don't look at today's sp as a reflection for the project as a whole. You only make a loss when you sell, and if you hang on, you will make the gains.

Hi Trek, and first let me say I have great respect for you. However, I see no basis upon which you can talk about a placing. The company does not need the funds a raise could bring. The BoD have not even hinted in any way a fund raise is necessary and the accounts do not show any need. They might be short of PR, but I believe that there are good reasons for this imposed by their NOMAD. I remain a very loyal supporter, and believe all will come good in the end.

Http s://t . m e /+UU7_5gHqqks2MjNk

Remove the spaces

Please note the rules. No insults, no repetitive negative (or positive) posting. Please be constructive, even with criticism.

Did I really ban you Sparkey? You must have said something really naughty. I've banned very very few. Send me a PM on Telegram and I'll let you back in.

I attended the AGM. Not many of us. Maybe just 5 investors. The formal part was over in a flash. No real dispute and votes against minimal. Emma then gave an overview of the last 2 years. Technical and political. In short the operation is now known and stabilised. From a one shift operation they will now start to ramp up production, generating a regular income. With regular income they can then then look to expand exploration, which is the real potential jewell. People coming in have their hearts in the business, not just looking to fill their pockets.

Suspension expected to be listed early next week. I got the distinct feel we will be better off without Bill Trew. Finally when running with minimal costs PR was non existent. Emma was planning to change that.

I came away positive and will hold.

Thanks for the support bankrupty. Yes, I believe in PXC, and am extremely confident that the BoD will deliver on the bonds. We all know that this has been an uphill struggle with the issues we have seen in the last years, with Covid and Ukraine not helping. But I believe that with Copper and Gold really coming good, the finance will be delivered, and very soon.

We've sat for a long time listening to the children in the back asking "are we nearly there yet", and I believe we can turn round to them and say, yes, very, very nearly there.

Thanks also for the reminder about the porphyry , intoodeep, and you are of course right. We know that the open pit mine will deliver the profitability, but it's for all the extras I am here. I am looking forward to this delivering my pension. I put this share away in my drawer, and am not pulling the certificates out till we have arrived.

After a while off the boards, I am back with renewed energy. Let me express my feelings. The most important consideration is that the underlying fundamentals remain strong, and for me this remains a solid investment.

I have felt a little let down by the lack of communication from the BoD, but am sure the story will come out in the wash. I continue to have confidence in them to deliver on the product, ie getting our mine into operation.

I know the reserves will shortly be upgraded, the PFS should be delivered any day now, where I am expecting spectacular results, and I fully expect the finance to be delivered. Yes, I was disappointed with the recent equity raise (which should have been done when the share price was higher, in my opinion), but if/when we manage to get to production with just this, or a relatively small extra dilution, I would be delighted. I have not sold any shares, and do not intend selling any into the near term.

This immediate project is for the oxides open pit mine. Once we are in production we then have the deep sulphides, Navarre Creek Carlin style gold, Red Star silver, etc. These make me salivate.

Yes, I can hear the screams, the key to all the above is the finance. I agree. But I remain positive.

Actually I was away on a skiing holiday for the last 10 days, extended thanks to a technical fault with EasyJet. I therefore saw one day, on my return from the pistes, the presence of several hundred messages (and no advance knowledge either), and with my family waiting for me, took the safe decision to ignore till my return. I am now home but have some urgent personal matters to attend to today (the end of year tax return being one), and tomorrow I’m out so it might not be till Friday when I can post. But I will present my thoughts. But from what I have seen, I believe the outcry is exaggerated. I have always said this is a share to put away and forget about. The issue of price has no value till the share is sold (with exceptions I will raise). I have no doubt this is a good company, a good investment and will deliver. Please now allow me to sort my things out, and I will post again when I have free time.

I apologise for my absence from here for a few days. I’ve been away for treatment for manic depression, but thankfully reading the posts on this and other boards, particularly from BoonBoon and others, has pulled me through ………

To me the case is simple. Are you an investor or not? If you are an investor then look at the company and from your research make your decision. part of that research should have been into the BoD, and whether you trust them, or not. Today, the BoD cannot announce anything as they are in a closed period. If you want reassurance, then call to a director. They will give you facts, not speculation. So, I have no respect myself for those who speculate, or post speculation, without doing proper research, and without making appropriate contact with those who do know.

The BoD have told you that the deal will be done, and based on my research, and my exchanges with the board, that is good enough for me.

EP, I think you may not be aware of the real situation for finding of projects, and particularly in the mining sector. There are by a long shot many more projects than there is funding available. Only the best projects therefore achieve funding.

I am close to several on the board, and know that they have no fear about the funding coming. They are keen on working out the best solution for our needs, and it may be for instance that the first ones to propose to us may not be the best. Meanwhile if we don't need the funds immediately, then why rush. I also have no fears whatsoever about the project being stolen from us by Riverfort.

The directors are legally obliged to inform us if the funding door closes. That has not happened, and to my understanding that possibility of failure is not even a distant glimmer on the horizon. I continue to hold personal full confidence in this project and this company.

My apologies it lost its format when posted. It is supposed to be in 4 line verses.

From the depths of the earth, a treasure untold,

A Phoenix of copper, waiting to unfold.

With fiery passion and a heart of gold,

It will rise again, a story to be told.

In the hands of miners, with pickaxe and drill,

The Phoenix awakens, its potential to fulfil.

Through tunnels and shafts, where shadows reside,

The copper veins gleam, a sight to betide.

With every extraction, a new chapter starts,

The Phoenix ascends, playing its vital parts.

From wires to machines, it powers our world,

A symbol of progress, its story unfurled.

So let the Phoenix rise, its wings taking flight,

Illuminating the future, with its radiant light.

A beacon of hope, in the darkest of nights,

The Phoenix of copper, will soon ignite.

I am an administrator on the Telegram site. This is not a ramping site, but one where people can express their views, for an open and friendly discussion. We have received many plaudits over the years it has been running. However in recent times we have had a few posters who have insisted on posting the same message time after time after time. If the Telegram site was losing its credibility it was due to these repeat posters. As I have suggested to them, they could call directly to the Board and ask them the reason for the so called delays, or other background, and post it on the board. To the best of my knowledge not one of them has called. The Telegram site was set up for individuals to talk to fellow individuals, and share information. The repeated moans have been heard before, and are tiresome. We know the situation, and we expect funding to be delivered very shortly. We also know moaning made no difference except create discord on the board. The problem has now been resolved. That is the background.

4) I am convinced that the profits from the open pit mine will lead us to the next phases, the investigations and then the mining of the deeper sulphides, perhaps the Tungsten/ Molybdenum porphyry below, the high grade silver mine at Red Star, Navarre Creek low grade gold, and the many other opportunities within their territory.

5) I am positive that when we look back in the rear view mirror, we will reflect with disbelief of this period. And I am sure that we will quickly move up and past previous highs. Yes, that does mean higher than 80p, and I believe it’s not far away.

The next weeks and months are crucial, and will show if my conjectures above are valid, or not. Please do keep a record and come back to me after. Like the board members, I am not selling any shares, and am looking forward to reaping the rewards. It’s taken a longer time than we all expected at the beginning, but who expected Covid, etc. But I believe that the BoD have used this time wisely, to bring in an even better project.

Please note that I am independent of the company, and the above is my own opinion, and not intended as advice.

With this little news of the visit to USA fluttering around, let me make my own post. I hate to be repetitive, but I honestly have little new to say aside my belief in this project, in this company. But for those who have not read my opinions, I have followed this opportunity since pretty much the beginning. But, and here is important, I have also seen it grow and mature. I have seen the Resource be better defined, and the way through to production becoming clearer (with the optimisation study due to be delivered very shortly). I would not be surprised to see much improved economics.

I hear complaints of delays, but with the turbulences of Covid and the Ukraine war, and having come out of large scale project management myself, I can understand things slowing down, but in the end, and from what I have seen and heard, we may well be in a better position than before, with earlier and possibly higher recoveries of all the metals, and reduced capital costs. This is all rather tantalising.

Of course the mine cannot be built without finance, and I myself heard much earlier this year the words from a director that the deal was “imminent”, and I posted that. I know that this was said in good faith, and I also know that this deal has not gone away (or the company would have had to announce that). I have strong confidence that the funding will arrive, and very shortly (and this time it is just my opinion).

I have known the directors a long time, and I trust them. I know they are doing their very best for us shareholders, and have all our interests very much at heart, for they are financially involved in this as much, or even more than, us. I also know that they want to achieve the project with minimum dilution, and are committed to that. I get fed up with the negative comments here about Riverfort, for repeating this ad infinitum brings absolutely nothing to the discussion, and whilst I have heard of their reputation, I know that our company has a friendly relationship with them. Please could I ask you to hold back on this now till our BoD release their next information, whenever that is, for any comment from here forward is just speculation.

Let me summarise my own views:

1) I remain confident that finance will be delivered very shortly, and may contain some surprises, and which may go a long way towards explaining the delays

2) When delivered, I am sure that the production optimisation work will show very positive economics

3) I am sure that this project, for the open pit oxide mine, will be financed (very soon), and will be achieved with minimum dilution

Other progress is being made in Navarre Creek, but I caution there, just as I have cautioned previously, that results are likely to show parts per billion, rather than million. Others have expressed it well, that we now have a good sized area, and with our drilling are identifying the location where there may not be gold, as well as the areas where there might be. It’s all progress in getting to know the prospect.

I know that work is progressing on site, since we own the land in Empire as patented land, for example. I am not aware of any significant negatives.

As I have mentioned before, I am privileged to be aware of some insider information, and understand that the situation remains the same for this, information which may well stun my fellow shareholders.

I am happy to engage in discussion with any fellow shareholder. I also know that the board are generally happy to respond to most questions. I do intend to use my influence to push the board to restart shareholder webinars, but to date their message to me has been let’s get the finance done first, so that this topic is off the agenda. I can see the sense in that, as it really has been the sword of Damocles hanging over us. But hopefully, this will be out of the way shortly.

To summarise my position. I am a long term friend of several of the directors, and know and trust them. The present project is based around the Empire mine, which is being planned to generate the revenues to fund the exploration for the sulphides in the deep, as well as the possible Tungsten/Molybdenum porphyry lying beneath. But we should not forget the longer term interests of the potential mine at Navarre Creek, the high grade silver at Red Star (running into Horseshoe), or the Cobalt play. Buying into the Empire project delivers these prospects for free. I know that the Board still intend to do as much as possible of the above work with minimum dilution. My suggestion, and which remains unchanged (not a recommendation, please note), is to buy and put this share away in the bottom drawer for your pensions.

I comment that the above is not advice, but is purely information I see from my viewpoint, and you should not use this to take any decisions, but should do your own research. I believe that the next weeks will be pivotal to the future of this company.