Member Info for ShangrLa

IMHO current share price far too low to consider offers although for a buyer would be a steal . I would complete the drilling programme and see what the revised position looks like . Look for more grants to move to the next stage of development then look for a JV or sale deal similar to the LC one .

Meeting was very positive . New BOD are professional, credible and transparent. Focus very much on Redmoor and Tungsten. Good discussion on current low valuation and how to get the message out there to more people . Lots of energy and enthusiasm from the shareholders who attended with a totally different feel to 12 months ago . . As a long suffering shareholder came away feeling we are very much on the right track.

Shame about the shutdown but underlying results very positive and cash balance improved significantly now costs and remuneration at sensible levels . If the shortfall is made up the cash balance should continue to grow .

Finally begging to move up . Hopefully the market beggining to realise how undervalued this share is .

Looks like one of the ex BOD’s selling up . Shame it’s keeping the SP down but better to get the shares in to stickier hands .

IMO focus should be on monetising LCCM and Redmoor . If any excess cash consider paying a dividend .

Very surprised the share price is not moving up . Over last couple of weeks buys greatly outnumbered sells . Wonder if there is a large sell behind the scenes still being filled ? Maybe one of the old BOD selling up .

Worth taking a look at . All looks very positive . Financials look good , strategy clear , baggage from the previous BOD now cleared , focus on shareholder value and the new BOD not taking inappropriate salaries . 2025 should see the market waking up to the true value here with professional transparent leadership at the helm . Looking forward to the AGM .

Good update . Getting Redmoor to the next stage of development this year will get it ready for sale or JV will be a game changer . Some of the major liabilities with the old BOD now gone so cashflow will improve with Cobre motoring. LCCM written off last year should now have some value attributed to it . All looks very positive so just need the market to wake up to the fact with the new BOD this is a good investment and greatly undervalued .

Give them a chance . Only in a few months . Cleared up a lot of the baggage left behind , secured a grant for Redmoor and matched funding with a placement . Trying hard to extract value from LCCM . Not taking ridiculous salaries and consultancy fees and stated aim to drive the SP as they are the biggest shareholders.

Mid May update - what a joke

New BOD focussed on shareholder value . Represent the 2 major shareholders . At current share price will deliver a very good return IMHO

Expect regular updates as we go through the year , hopefully building a good picture of the true value of the asset . The £4k sell at 8.09 was mine but was a buy ?

Good news the resolution passed . We now have the funding to move Redmoor forward and once the new shares are incorporated I’d expect the SP can restart its progress .

👍

Not showing my £10k buy at 8.01 on here ?

Agree , be interesting to know who took up the placement shares . Suggests there is a belief that Redmoor will deliver value to shareholders even if we have to wait a bit longer .

The 2nd RNS is good news - hopefully some big hitter investors who see the value in Redmoor

Good chance to buy - may get close to the placing price .

I think this is just what we needed . Redmoor needs money to progress and we don’t want it to take years . Dilution is never welcomed but to unlock the value we know is here and show ambition will deliver multiples of the 16% IMO .