Member Info for ART123

According to the Interim Results published on 22cnd March 2021:

"Net cash balance as at 31 December 2021 of $9,729,864 (30 June 2021: $15,802,111)"

Have they spent that much since then? with no drilling and no further seismic.

I don't think the placing will be too much of an issue. HE1 has only done 1 placing since listing and that was at 10p. In 2020 when the drilling contract was signed the share price was around 7p - much the same as now. The SP rose steadily for several weeks after that announcement up to 14p and then the placing was at 10p and straight after the share price continued to climb up to 20p plus.

It would be nice if a placing was around the 10p mark again. I certainly do not think it will be a big issue, nor at a heavily discounted price.

AJMO.

Certainly not the early morning rises that we have seen over the last 3 days.

I think that shareholders need to know how Dorren and Move Fresh are going to play this. Further big rises will depend on Move Fresh increasing their stake as they proposed in the RNS last week as that will create a squeeze because of the lack of availability of free float shares. The only way to know this is on the release of a TR-1.

Can't see the problem. If he has 'oversold ' this to the shareholders then he can get on and 'oversell' it to the potential buyers.

Maybe it was Anglo American who just set the bar too high from the start.

RNS out but not what I was hoping for, especially as it is 2/3 months since the last update.

The assays for Hole SLD005 have finally been received but funnily they haven't been released as they are being 'assessed and validated.' That probably means they are not much good or otherwise they would have been released straight away.

I feel that this outfit is going to struggle with its Main Market listing. They would have been much better on AIM.

Last time the placing was between the appointment of the drilling contractor and the mobilisation of the rig. Same again?

Placing next?

Any sign of an increase in Move Fresh's holding will see the share price double or more.

Applebee - don't be stupid. Kevin Dorren is behind the delisting. One would have to assume that Chris van der Kuyl and Andrew Veith are supportive. But all of the supportives still don't add up to the 75% requirement hence the talk of Move Fresh increasing their holding to secure this move.

Kevin Dorren1 9,780,254 13.47%
Chris van der Kuyl2 3 7,204,406 9.92%
Patrick Burns 4 5 7,188,767 9.90%
4J Studios Limited 6,689,533 9.21%
Andrew Veitch6 4,616,980 6.36%

Schroders plc 2,955,000 4.06%
Adrienne MacAulay7 3,375,000 4.65%
Paul Davidson 2,467,497 3.40%

Even if you add up the holdings of the first 5 holders listed on the website, who are it would appear all linked to the delisting, it only comes to 48.86% which is still well short of the required 75%. While this doesn't fit with the recent RNS that stated that the concerted parties had 'received irrevocable undertakings to vote in favour of the Resolutions representing approximately 35.8 per cent. of the Company's issued share capital as at the date of this announcement) it does though make sense as if you then include the 1.6 million shares already held by Move Fresh and then take Move Fresh's holding up to 29.99% that would then secure the 75%.

A lot will have depended on how the market took the announcement last Friday. If it had been more or less ignored then Dorren and co would not feel much obligation to increase their holdings as they would no doubt be able to secure the required majority. However as the market has shown interest in at least making sure that they pay a decent and sensible price for the company (including the £3.5M + cash that is valued at nearly 5p a share) then the management will have to take the shareholders seriously.

Until the point where Dorren and co have the support of 75% of the shareholders they will have to believe that their attempt to delist could fail.

There is still over 3 weeks to go here and plenty of time for some TR-1's to come out.

It doesn't have to be a podcast - just a RNS will do!!!!!!!!!!!!

Here is a link to the presentation:

https://gscplc.com/data/docs/2022/2022.09.26_GSC_Corp%20Presentation_AGM.pdf

The core photos are on Pages 11 and 12.

It's a shame that the management here has such abysmal communication skills as I think that these prospects have great potential. I don't mean that the management is bad at communicating but rather that they don't seem to bother at all. It's dreadful and is reflected in the lame share price and complete lack of trading and posting, especially considering that this is listed on the Main Market.

The drill campaign must have finished some time ago now but the market has not been informed. Why not? With a struggling share price that should be a matter of course.

Also we were told that core for 324 metres of Hole SLD005 was sent for assaying around the 12th September, so the results should be available soon but we have not been informed how much further core has been sent for assaying. I see that on the latest presentation, dated 27th September, the core from Hole SLD008 looks very interesting so I would suspect that must also be due some assay results. And what of the other holes?

The CEO says that this could be a large porphyry system with big volumes and low to medium grades but there is also the possibility of some higher grades as the trenching came up with grades as high as over 3% copper.

The market needs an update. They are no longer a private company and shareholders funds have paid for this drilling campaign so it is only right for the management to give that back with a regular flow of news.

AJMO

Just moving past Friday's high now.............

Looks like a repeat of Friday - though hopefully without the afternoon sell-off. If this holds at 4p/5p then the sky's the limit.

No sign of a TR-1 so far.

No, it might not be what Dorren wanted but according to the update on 25th October:

"The Board wishes to confirm that 2022 trading remains in line with market guidance and the Company has cash reserves in excess of £3.5m."

That cash with 72 million shares is nearly 5p alone.

See what happens if an RNS pops out to say that Move Fresh has increased their stake to over 3%. Then we will see more than the 4.8p peak on Friday - and by some distance.

Better start than I expected after all the sells on Friday. There's a long way to go here over the next few weeks with the small number of shares in free float. If PI's hold now then the share price will have to go higher. No TR-1's as yet but they will come soon.

Personally I can't see any reason for the share price to rise by much on Monday. Not after all the sells on Friday. Maybe if the buyers had held on to their shares and not sold them for a quick profit and the SP was over 4p but that isn't what happened.

Besides it will need MoveFresh to start buying for any substantial rise to take place and I can't see them starting to buy any real quantity for a day or two as they would be more likely to wait and buy in at a lower price, which they might get after the initial rush subsides.

Just my thoughts. Who knows what may happen after Friday.