RE: Dipped13 Apr 2022 17:24
I think they set extremely optimistic targets initially which they first missed however in the last month of their previous results they were on target (for the old objective of 1,000 oz a month)
Since then they’ve raised to double production to 2,000 oz which would mean the MCAP should be much higher than this. They’ve installed a heap leach plant (and proved with photos) which was meant to take ages for first production and they’ve done it within 2 weeks which is superb from the team.
There seems to be a battle going on around 1p between buyers and sellers (simple RSP sales by the way not anyone on the offer keeping it down trust me) but thankfully the buyers are finally winning after a couple of weeks.
There’s volumes, a story, social media talk, pages of LSE chatter so this is a great time to be in GCAT