The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
@takeNoRisk If you are still intent on bashing copper and ARC who is (in case you did not notice) a copper explorer, then what the hell are you doing on this BB commenting on copper charts that Jarvis posted or ARCs prospective copper resources that AA seem so interested in?
ATB APR
@goldgirl I agree ... a sniff of a steady revenue stream and this will rerate substantially given processing JV ability to process GWMO and other local explorers tailings given historic mining in area
Just ignore the "incessant noise" on this BB
ATB APR
@GTMufo Nothing wrong with the copper grades but what is needed is scale before this current resource becomes economically viable. Check the last map visuals and you can see 2 areas that are close but not connected fro prior drilling. Aim was to drill between these areas and connect them up which would at least x2 or x3 current JORC copper resources for starters
ATB APR
Still here and holding for JV gravity plant completion and start of gold/silver production from GWMOs own tailings and 3rd party tailings.
Gold is now circa $2,000/oz and at all time highs in every currency except the dollar but it is now close ... very close! A monthly close above $1,989 will indicate to me that we are categorically breaking higher and $2,200 should arrive quickly after in weeks not months
ATB APR
@bebeto Interesting viewpoint and I always thought (sales price)-(cost to produce) = profit.
Forgive me, but I thought to remain a going concern GCAT needed to make a profit, that its product is gold and it was seeking further capital investment to increase capacity and processing efficiency ie produce more at a lower cost !
Perhaps I missed something?
ATB APR
Yawn
Yawn
@jemmjee Be really interested to see how you arrived at £300k ... perhaps you could explain the steps and your reasoning?
ATB APR
@vergerBlue Welcome onboard BB ... any relation to ChinaBlue?
ATB APR
Well played GUN ... Charger metals shares now sold down to a 2.1% free-carry holding representing their initial £261k stake acquired pre-IPO and at IPO of Charger Metals; the proceeds have now funded a 25% stake in the Black Shist project in Finland for free.
All we need now is for this relentless bear market for commodities and precious metals to end and GUNs investments should appreciate nicely.
ATB APR
Really good to see an RNS dedicated to copper and the JORC M2 resource in particular focussed around the Huntoon valley where they have confirmed that they have staked additional claims at the western end of the valley.
Nice to see our resident trolls doubling down straight away with the relentless negativity and calls for a placing.
GWMO have clearly stated that they are seeking a JV to develop their copper prospects and this RNS increases those chances particularly if they can "join up" previously lower confidence areas of mineralisation at the M2 prospect which should then significantly increase the JORC resources already confirmed.
ATB APR
I just find it utterly amazing how the trolls on here can take a perfectly clear RNS supported by a JV agreement and a very recent interview from NvS and still manage to find a line of argument, selective quoting of RNS et al as a means to cast doubt or provoke an argument.
Its a rare skill ... just not a good or particularly useful one!
ATB APR
@Watcher with respect read the RNS and the many comments from many posters including myself talking about $1.55m of temporary or bridging finance now being in place until the full primary $7.5m+ Royalty based finance is approved which in turn will then allow the $3m subsidiary finance to be established.
ATB APR
@Calgacus LOL if you read just ONE sentence more you will know that this was what they previously reported ... in fact you only picked half of the first sentence the FUll sentence is "Following delays outside the Company's control, including the difficulties of securing concrete supplies in a remote location at a reasonable price and a shortage of appropriately qualified personnel available in the area resulting in a stop-go situation, now resolved, together with unusually severe weather conditions in 2023, the mill project is nearing completion."
Your omission makes it read the EXACT opposite of what it ACTUALLY says. The piece you did refer had been previously reported via RNS so you cannot even claim it as new news as you were clearly trying to
ATB APR
@GTMufo Just please give your relentless negativity about absolutely everything a rest will you?
To say it is tiring is a mild understatement
ATB APR
@Damocles Succinctly put and nothing more to add ... suggest "other" posters read the RNS and stop jumping to wild conclusions
ATB APR
Good to see $1.55m or £1.3m of combined short term funding announced that takes away the "Going Concern" issue by "bridging" the finances until main funding lands and can thus be paid back using the new funding as stage 2 work is a sub-set of what the new funding is for but brings it forward.
IMHO those focusing on the "cost" of the new short-term $1.4m funding need to balance this against the "value" to shareholders of taking away the going concern issue & value created by starting Stage 2 rather than waiting X months for Royalty funding to arrive ... for example:
Nov-23 = cash $1.4m
Jun-24 = payback $1.75m so cost of loan = $350k or £292k for 7.5 months or a 40% annualised rate
So GCAT have 7.5 months to complete Royalty funding so $1.4m loan costs capped at $1.75m or they "Step up" to $2,100,000 if settled on or before 31 December 2024; this would be a cost of $700k over 13.5m or a 44% annualised rate
ATB APR
@SeisNav Been running and updating this chart for 2 years and its uncanny how the patterns and price points repeat which is 100% clear in hindsight ... using them to trade in the present and/or to make decisions to buy or sell is a whole different ball game
ATB APR
Updated chart https://ibb.co/c1vb9Kr
As pointed out 7-Nov-23 I suggested likely outcome that we strongly break top of prior accumulation wedge around 3.7p and we spiked to 4.25p. Price has now pulled back to 3.7p confirming that top of prior wedge is now support ... very clean chart action!
I still maintain my near term measured target of 6.3p as shown by the green inverse Head and Shoulders pattern
ATB APR
Posted by ARC yesterday
https://www.youtube.com/watch?v=uRRRwsCqCjw