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Can they simply "choose not to publish them" ? I really want this to cone back !
This share is a complete shambles ... went into suspension on 1st November . Now 4 full months on and still not sorted. It is not a complex company by comparative standards . The BOD look inept. The passage of time makes me more and more suspicious. I think Bebeto could be right. There must surely be an increasing chance that this doesn't get back to the market.
I'd say it's 50/50 whether this comes back on the market.
Even with the audited results the company choose not to publish them and formally go into administration.
Can't believe I forgot to add this bit, but...
How do I ramp a share that's suspended? Sell it to randoms on the street? NOBODY CAN TRADE IT.
Why has RM fraudulently lent the company money. How is that fraudulent, what a ridiculous comment!
And, we don’t know when the auditors were appointed, all we know is they’ve been on-site, more than once, and are working through the very lengthy process.
Yes, it is frustrating to say the least and we’re all in the same boat here. But it’s ongoing, tweets have given some info on progress and clearly it’s taking longer than any of us expected.
It would be nice to get an RNS telling us where they’re at right now, and also what’s happened on-site in regards to how the recents monies raised have been spent and how far along they’ve got on all the things they listed in the RNS that the money was to be spent on.
Waiting is all we can do but I for one am confident this will be back to trading in the coming weeks (no idea how long though) and progress will be made.
I think if you've read any of my previous posts you'll know I'm far from ramping. I think it's disgraceful that we even got to the point where accounts weren't ready - we get 6 months from year end to submit them. We're now into month 10.
I am merely saying that the auditors were only appointed a couple of months ago and, given the time audit takes (especially NEW auditors who need to do more thorough checks), it's not unreasonable for it to still be ongoing.
Being in the position we're in = shambles.
Audit taking a little while from point of appointment = perfectly normal.
Just because you're wrong, it doesn't make me a ramper. Just means you know nothing about audit process.
OK Daniel, everything is rosey. Nothing to see here, we are producing gold and great profits. So muxh that cash flow is non existent and RM is fraudulently loaning the company money.
It's a shambles you rampers are dangerous people.
‘If audit was going well this would be lifted months ago’.
It takes a couple of months to do an audit.
We haven’t been suspended for too many ‘months’. To be suspended ‘months ago’ we’d have needed to not get suspended at all…
Jeez, they won't get the prospectus over the line whilst being in breach of the listing compliance anyway.
4 months suspended so far. Keep in mind Robbie went onto TG group to tell all who would listen just 1 day before suspension that everything was rosey and nothing to worry about. Accounting issue was just a cash flow thing and funding was in final stages along with the prospectus having only 1 final point needed to be passed, along with reminding us that Vim Rutha in his mind had GGP Haverion levels of Gold at 200k oz per year for 40 years.
GCAT historically was guilty of speaking utter lies to over hype and promote.
Has that lesson been learnt? For me, its a no right now, but as much as Robbie can ramp, his radio silence since suspension doesn't help either.
Tweets are great, but worthless.
Sounds like there is just not enough gold in them their hills.
It's totally going down pan. It's pretty obvious. If audit was going well this suspension would've been lifted months ago
At least they stopped posting pictures of the CEO with his top off on their official company Twitter page! Never seen anything like that before and a clear red flag.
They stopped even posting pictures on how well production is going. Maybe they ran out of old photos.
Bunch of amateurs
This is suspended for failing to meet basic listing requirements, absolute joke being suspended this long no excuse.
GCAT has never been very good at providing holders with decent RNS worthy info tbh. Production updates always lacked detail such as an AISC (minus about one).
Generally, I think what isnt said is as important as what is as if something is ever positive, most companies will shout it from the roof tops, so if its left out, its because its a negative.
Robbie as an individual also tends to be more into tweets and interviews for comms than RNS's and for me never comes over as an orgainsed person in terms of paperwork (but hardworking in other areas), thus I'm not to worried about any lack of comms.
I have many other concerns mind.
Let's hope not Dalesman100. Also lost thousands at RMM, SXX before that and currently suffering large at COPL. Not forgetting a £10k loss at EVR. Surely GCAT can give us something, 4Q23 results maybe ? GLA, Dan
Who knows what is going on here.
I'm hoping it'll be ok but I'm rather worried now.
This may just be my second big loss this financial
GCAT gone very quite no RNS update, no Tweets, what’s going on.
Might be a buying op tomorrow
HE1 has to be worth a gamble IMO
Look for something that's recovering with manageable debt, access to funds and growing revenues.
After a horrendous run with Rambler losing thousands ' I think I will be chipping out of GCAT .
You wouldn't believe how or why I bought in in the first place. I am looking at other investments at the moment ' but I'm struggling
Expecting financials RNS shortly, interesting to see how the market will react if it relists.
When a company is paying for things with shares it doesn't currently own, then it's as bad as things can get.
It's a lot less anguish when you admit you've got this one wrong and prepared for the worst case scenario.
Imagine people wouldn't have invested so much if RM hadn't been pumping the 2koz jam that never came.
There's no choice but to hang in there now regardless.