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Amongst other reference points for the massive potential here see the broker note : - https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2023/12/20231219-Allenby-Capital-Panthera-Resources-PAT.L-Update.pdf?c3967=on

Darkryder - Financial results are not needed quarterly but in addition to the Annual Results a half-year trading statement is also required by the AIM rules. FAB's half year falls on 30 September but the AIM rules allow a further 3 months to publish the half year results, hence FAB's H1 FY 2024 was published in December 2023.

AIM rules allow 6 month post financial year end for the FY results to be published. For FAB the FY end 2024 is 31 March 2024. So they have until 30 September 2024 to publish the FY results, and may well leave it until then, just as they did last year or near then (in 2022 they published it in August). You will probably have some initial idea of the results some time between March and May. Last year they provided an early trading update of the unaudited FY accounts in March but the year prior to that it was in May.

Why would the number of shares in issue make any significant difference to the volatility? Is it not primarily the 'free float' that affects volatility rather than merely the total number of shares?

Thanks Tricky. Understood. Sorry for being pedantic.

Interesting comment, but with 2.5 times the number of shares now versus October, the 4p high in October equates to 1.6p now, not 8p.

Today's news is not yet showing on the US OTC and there don't appear to be trades there today yet. If you want a reaction there then it would help to get the stock listed on the Stocktwits BBs and do some pumping there just as ARB supporters do.

There has been churn of shares over the past 2 weeks that is very likely to have burnt through the pre-authorised first tranche of 2.6M Placing shares. The churn could also have burnt a substantial way though any (illegal) forward-selling of the second tranche of over 26 Million shares but not all of it. The 26M shares second tranche, doubling the shares in issue, doesn't technically exist until approval at the AGM tomorrow and is scheduled to be registered to market on or around Monday 12th.

Is he a PDMR (manager) of GCAT as the title of the TR1 implies (or was that an error)? Head of Credit at Lloyds' Islands division. Is he retired ( I cannot see that it says that on Linked-in without having an account)? I don't agree that his buys to reach 77M were that apparent over the last few days given that there were few sizeable trades reported (yesterdays two large trades were allegedly just a roll-over pair) and much of the recent small uptick was more like just PI buying. Possibly his buying to reach 77M was done over a protracted period of several weeks and might have contributed to the dipping (or was done off book/dark pool and maybe mostly bought direct from one existing holder??). Either way, that is at least 4% of the shares that should now be in stickier hands.

There is very little reported selling today. Little volume. Looks to be slightly more buys than sells. The 2x1M at 0.69 are buys and the 1M at 0.68 is a sell. I can sell readily, so it seems that the dip is primarily due to the MMs (tree-shake) not sellers. Yesterday likely had a few RNS-related sells but that isn't visibly the case today.

Offer price starting to move up with the two buys at 0.75p. I've carried on buying at 0.70p over the last two hours and all trades at that price for the last two hours were reported as sells. [The MMs have kept the book bid price at 0.75p today so the 0.7p buys were below the mid-price between 0.7 and 0.75 and this platform's algorithm thus falsely identified them as sells].

No figures given but clearly and as was expected there was a paring (ie reduction) of production associated with the ongoing changes. "To facilitate the mine expansion plans, ore production from both the underground and the open pit was pared back in order to focus on reef drive, with raise development and necessary equipping completed and surface and underground drilling accelerated in order to gain a better understanding of grade, structure and correlation between the underground workings and the open pit." Once the works are completed the production will move back up to capacity, and the capacity achieved should be much higher than previously achieved and closer to the target capacity.

The dipping is tedious and looks wholly unjustified. Volume is low today but there is no noteworthy selling reported today. On the face of it this is MM games/ SP manipulation. The dip of the offer price to 0.75p just now has at least started to do its job and provoked an uptick in buying. I've added more at this level. Must be at/ close to bottom and due for a bounce imminently.

Whoever is selling the stock, there is clearly still only small reported sell volume. A mere 70K pounds or so reported sold today, of which the majority 40k (3x1M and a 2M) is probably by one block seller. Clearly practically all holders are sticking their ground and it is just one or two sellers and/or the MMs that are behind the current dip and even that/ those sellers aren't selling heavily. We haven't had any serious levels of block trades, late reported or otherwise. There is no visible sell-off of GCAT, IMHO the issue curently is primarily short term hesitancy on the part of buyers letting the sells run a bit ahead of the buys and the MMs dipping the SP in suit.

The 6M sell reported after hours at 0.8p looks like being 'the seller'. No normal retail investor would book a trade like that, taking the least amount of money possible through being too lazy or desperate to split up the trade. It looks like at least the 2M and 1M earlier was also the same entity, so at least a third of today's sells were probably by one entity who isn't at all bothered about getting best price for their sells. Hopefully they will be finished soon.

Yes 'sell the news' is generally counterproductive for the stock and investors generally. Anyone trading the dip from the 0.84p low on the offer the last two days will have made no more than about 7% profit on at most 50k pounds. The reported volume of sells causing the dip Monday and negating the rise today was below a mere 70k pounds on each occasion, relatively trivial sell volume. The US/FTSE/global markets slide is no doubt a factor. In more buoyant market conditions I am sure we wouldn't be seeing this penny-pinching behaviour on this (and practically all stocks). Whether 'the seller' is a factor here remains to be seen but the current small volume of reported sells don't justify the SP dips. More was bought yesterday than sold in the last three days. MMs are possibly working a large back-ground trade or just reacting/over-reacting to the timidity of buyers in the current market conditions.

Assay results out.

The MMs have dipped the SP on low volume and reported selling today is pretty low at about 40k pounds. The buying today is more tentative than usual, probably in part because the US markets took another hit yesterday. Expect this to bounce with news.

The MMs have dipped the SPreported selling today is pretty low. The buying today is more tentative than usual, probably in part because the US markets took another hit yesterday. If

The London South East figure for MCAP has at least been updated to match the London Stock Exchange figure for the MCAP. I don't think London South East will want to go farther than that until the Stock Exchange figure is updated by GCAT.