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I haven't posted on here for ages as there really wasn't anything to talk about .
It's nice to see the update and new hires which gives confidence they are gearing up for a good year . The main thing it to get the accounts , paperwork, results etc out as Robbie suggest and start running the business properly.
I want this to become a boring company where no one cares about the backend and just sees producing at a decent margin.
Fingers crossed fy24 brings us some better fortunes along with GCAT.
Let's get listed, prospectus out and get the funding
Agree with all you say apart from one little change - I want this to be an exciting company but for all the right reasons.
It might take a little time for sentiment to return here but once we come out of suspension and the prospectus and funding is clarified and confirmed, then we can truly look forward to the future. I have no doubt that there will be an element of existing holders who will have promised themselves that they will leave here as soon as they can but my advice would be to consider carefully alongside the POG direction of travel and the huge potential here given the current low market capilisation.
One step at a time.
GLA
Bad advice Jersey. Advising people to stay here and flog a dead horse.
By the way I don't think it's healthy advising people what to do with their investments especially when your biased to one side
Gunster. Hopefully you will read the updates more carefully than my post. If you reread my post I said people should consider carefully. If you think considering carefully is bad advice then you and I have very different views on the matter.
Upon reflection let me elaborate on some of the points that people should consider carefully and then firm their own decision on whether to hold, sell or invest. This list is obviously not exhaustive.
- fully understand the history events via the RNSs
- read and try to understand the forthcoming accounts
- read and try and understand the forthcoming prospectus
- understand the implications of funding news
- what are the company plans going forward and how will funding be used
- what are the timescales to achieve the strategic plan
- what are the exploration plans to increase the JORC resource
- where does TZ fit into the picture?
- evidence of lessons learned and changes made in process and or operations
- POG read widely on where commentators believe this is going - recent rises might just be the start
- Understand how undervalued miners are in general at the moment
- consider the market capitalisation and future potential post prospectus
Just a few very basic considerations and then make your own decision.
Dead horse? Decide for yourselves. Personally I think we have our own Bob Champion and Aldaniti story potential right here.
-
I would agree with you Gunster. It can't even get simple things done like producing a confirmation statement and knocking up a set of accounts.
So to be clear TheMoss ..... Gunster is saying that my advice to consider carefully is bad advice ..... and you agree with Gunster.
Interesting.
What is your advice may I ask?
JC,
You must also include the current Liabilities, which was showing as £15.5m at the Interims.
Also, if the Prospectus comes, the number of extra shares that will be issued for those they've already pledged since RTO, but never issued.
Itsyou
That is an incorrect number. But when you come back with the correct number, perhaps make your point rather than quote a publicly available number in isolation without context. It's important to read information and posts carefully.
In terms of the Prospectus full disclosure will of course be required. It will give clarity across the board. What point you are making here?
Really?
Read the RNS dated 31 March 2023!
https://www.lse.co.uk/rns/GCAT/interim-results-31-december-2022-9af9qzxjmwf2iul.html
"Total Liabilities 15,537"
As for the point I'm making, MCAP is dependent on the SII.
This is what JC & Co does try and belittle other posters.
This board was lovely when thry were in hiding.
Itsyou - now reread your post which was incorrect
Attention to detail is very important
Actually the MC is dependent on SII multiplied by the SP.
Basics
So you're saying the RNS is wrong?
"Actually the MC is dependent on SII multiplied by the SP." - err, that's what I was saying!
Itsyou. Before I spell it out can I ask - have you reread your post that I said was incorrect?
As for the MC - no you said it was dependent on the SII - do you read what you post??
Ok +Total, -Current, total is still £15.5.
Do you see now that it is important to get the detail correct.
Now you are quoting the correct balance sheet data - what is your point?
"As for the MC - no you said it was dependent on the SII "
"As for the point I'm making, MCAP is dependent on the SII." .
One side of the story is never good
You are going to have to spell that one out for me I’m afraid
So you think investors should ignore the Liabilities the company has? Will they have risen, or fallen. I know what I think.
Liabilities vs MCAP vs Cash / going concern. Surely I don't have to explain, like I did with you on basics of exploration/mining.
You'd think that during all the months they've been idle, the company would have looked for a secondary income from the two drill rigs.
Itsyou.
Lets recap this morning so far in our little chat.
You quote incorrect current liability data and you state that MC is dependent on the SII.
I have corrected you on both points.
I have asked for clarity on your post about one side of the story - I still don't understand the point you your making.
You are saying now that I think investors should ignore liabilities - incorrect - where did you got that from?? Please refer to my post second point of my post dated 10th March at 14.20 - I believe my post is unambiguous on this topic.
What basics of mining have you explained to me?
Please share your thoughts on the liabilities vs cash vs MCAP and whether this is an ongoing concern. I am particularly interested in your thoughts on the correlation with the MCAP. Please explain the basics as you see them. The last time I asked a poster this question they refused to elaborate and deflected. I hope you don't do the same.....
"I have corrected you on both points." lol...absolute rubbish
Investors beware of rampers, that think Liabilities are a good thing and that it's ok for these to be 2.5 x current MCAP, to try and protect their investment without giving Investors the full picture, but instead the rosy one!