Member Info for Rover62

Fish,

No problem you being cynical.🤨. I had meant to put a question mark on the title.

I too thought it was lacking to be considered evidence.

Like you I would have liked the composition and weight. Also if that was the only bar.

Https://x.com/goldstoneres/status/1800468517520585097?s=61&t=iGwN06MTvXMFS5Z_VwueBg

Looks like they’ve forgotten to feed the meter again!

Https://x.com/goldstoneres/status/1800104203320537428?s=61&t=iGwN06MTvXMFS5Z_VwueBg

A bit of silver ore found!

https://x.com/armadalecapital/status/1800034321316888669?s=61&t=iGwN06MTvXMFS5Z_VwueBg

The problem with forecasts is the length of time they are valid. That’s the point I was making. As soon as the next piece of news comes out then surely that will have an effect on the company. The forecast value may go up as well as down. The case here is a lot of news has come out since the last forecast by analysts. I don’t know what the analysis would reveal if done now. I at no point have I said which way the price would go as I did indicate people need t get their calculator out.

https://valueinvesting.io/GRL.L/estimates

In this website if you scroll to the bottom the last dated entry

2022-04-11 SP Angel Reiterate Buy

https://fintel.io/sfo/gb/grl

Sorry forecast done 2023-04-06 only just over a year ago.

https://markets.investorschronicle.co.uk/data/equities/tearsheet/forecasts?s=GRL:LSE

This site doesn’t even give a date.

If you can point me to what you are looking at.

Https://www.tsx.com/news/reviews-and-suspensions?id=727&lang=en

The analyst analysis is over 2 years old and the company has issued numerous RNSs since then, each of which has a material effect on the company’s overall valuation. You could say some are positive and some negative, but all the same they have an influence. Positive items like drilling results, updates on resource estimates or negative things like stolen gold or dilution by a share placement. I just feel that posting old analysis is not currently helpful.

If you look closely at those analyst’s numbers they were given by them a long time ago, 2 or more years. You’d have to get your calculators out to validate.

What’s your thoughts on the price move?

The answer is yes it can come out of administration, as I would guess there will be some entity willing to take the project over.

However, that will not lead to any value for shareholders. The price the administrator will get will at best only cover the creditors costs.

However, miracles may happen and nickel becomes favourable again to a point where the big miners want the commodity and start a bidding war for the company. Highly unlikely.

So in short this is a total loss for shareholders. I don’t like saying that as I’ve lost a lot here.

It cannot be clearer 😩😩

Please note that the Company was placed into Administration on 16 May 2024 and Chad Griffin and Geoff Rowley of FRP Advisory were appointed as Joint Administrators.

The Joint Administrators will be winding-down the Company’s operations following which it will cease trading.

Should you have any queries regarding the administration, you can contact the Joint Administrators on hzmplc@frpadvisory.com.

The Joint Administrators act as agents of the Company and without personal liability.

The Company entered Administration on 16 May 2024. The affairs, business and property of the Company are being managed by the appointed Joint Administrators Chad Griffin and Geoffrey Paul Rowley.

AIMtodeath,

Agree with all you say. I’m just confused about the RNS and why now!

The comment was about

‘considering recommencing‘

Otherwise RNS is a good one.

Wtf

the Company is considering recommencing the FEED study so the project is construction-ready when funding is secured.

As they say ‘Timing is everything’, Horizonte unfortunately has missed the boat. Can the administrators get the boat to come back to the port to load up?

Why not this Friday?

BFS/DFS due ‘late’ 2024. as per RNS 7th March

£1 million short on the subscription, let hope it’s enough to get the ball rolling or get lots of gold out of them hills. 😱

The positive is less dilution.

Not a daft question as initially I thought wtf. However, doing a very small amount of research yields the answer, YES, it does exist.

The question that should b being asked and more importantly answered by the board is it actually a viable adventure? Let’s say I have a modicum of trepidation about the venture.

The plus points are that it is in a mining district situated between two very profitable producing mines.