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There are a couple on LinkedIn.
They’re ’open to work’. Not ideal.
Hopefully it is and we can tell him what a complete joke of a ceo he is
Is that you Robbie McRae?
Why bother to go to all that effort to make up another account lol
News reporters report the news, they don't represent companies....
Hi all - my first post and that’s on gcat here. Last week I was in touch with local news reporter who represented gcat on some event and he said , operations and expansions are going well in Kenya and the audit team final visit is done. Now await the rest. Hope it helps somewhat
There was a lot of staff at Kilimapesa, I wonder what's happened to them surely they aren't all still on the pay roll?
No evidence of a business since mid february. I am very worried about my investment. Why can't they reassure the shareholders with a RNS which summarises the current situation? unless they've abandoned the mine and left the country, which is not a zero probability event, at this stage..
I'd settle for evidence of a business.
We used to get regular pictures of gold bars being produced.
I know for security reasons they was going to change But honestly ' what's even happened to that.
Where is the Gold..... or any commodities come to think about it. ?
They can't get sizeable funding without proving the production is scaleable. IMO
It doesn't make sense to obtain larger funding when the production is at its lowest otherwise.
@danieldavis I did email the company over two weeks ago and haven’t had any reply. I remember just before they announced they were getting suspended they would be releasing Q3 results, still haven’t arrived. There was also a time before that, Robbie claimed to have all the information on his computer to release the ops quarterly update and delayed it by 2/3 months and then when it was released they were very poor.
He just seems to be biding his time here. Was it the first 3 months of this year he was claiming the funding would be sorted?
Companies only go under when their debts get called in.
The most likely scenario here is that they had run out of money and they were technically insolvent without having their debts called in.
They've recently obtained funds which doesn't need repayments for another couple of months.
No one has a scooby about the financial situation or the production levels for the last 8 months.
There's no reason why they couldn't release Q3 & Q4 trading updates other than they are with held. (due to being poor)
It will all come to a crunch soon, RM has really just played for time.
To confirm it was the 1st of Nov for suspension.
In terms of what's going on. Impossible to know as nothing is or has been highlighted by BOD to give us a clue.
You would have to think though that Robbie felt things were solveable and fileable in terms of accounts and getting unsuspended as otherwise what would have been the point in Robbies very positive TG interview 1 day before suspension, as all it would have done is convince some holders not to sell, which if he knew it was going under would be pointless.
Radio silence right now, but still feel things will sort themselves.
No, that's wrong too : 6 months is up on 1 May 2024.
It is ominously quiet. Has anybody heard back from anyone since the last tweet?
Thanks for the correction. So we're wiped out on April Fools' Day.
No this share is suspended from 1st November, my previous comment was a reply to a question about IOG plc.
It was suspended on 1 November, not 28 September.
The share was suspended on 28 September 2023. It will have been suspended for 6 months on 28 March. Unless either the accounts are submitted or an extension is granted it will be delisted. Does anyone know any reason why this will not occur?
Good to know he's been working night & day behind the scenes and hasn't slept for the last 4 months... LOL any knock at the door is followed by a 'don't answer it'
Thanks Robbie, great job
In light of the above, the Company has requested a suspension of trading in its ordinary shares on AIM with effect from 2.10 pm on 28 September 2023. The Interim Results for the six months ending 30 June 2023 will not be released.
Am I missing something with IOG?
They had a bond waiver due to expire on 29th September and obviously failed to make new arrangements so announced intent to enter admin on the 28th.
They don't appear to have had any audit or accounts issues? All appears to have been filed on time.
IOG plc announced they wouldn't publish the accounts and went into administration, it definitely can be done but it doesn't mean it will happen here, fingers crossed.
The BOD have "control" asto when the accounts get published is as much as a Board meeting will be required to sign off the represented accounts from the auditors. They should act in a timely manner but can "can kick" the final sign off in a myriad of ways. No doubt if the company comes back to the market ideally they will want to get the suspension lifted alongside some good news on either production or financing . That will save the share price as much as it can be as the expectation must be it falls when trading starts . There will be sell orders aplenty on Day 1 of resumed trading otherwise