Member Info for Bebeto

It's common to pay a slight premium when receiving warrants (I have loads)

Let's try and piece together what's happening,

November, $1,400,000 Financing Agreement with Koenig Vermoegensverwal MBH.

Terms of the above, monthly repayments calculated as the higher of US $50,000 and 50% of free cash flow of the Company.

The two very recent fundraises, combined amount circa $428,000 with 3 months repayment grace on $250,000 and no repayment on the rest.

Fundraising is recorded on the cash flow statement but it is not recorded as free cash flow.

So the company can compensate for the repayments to the November fundraising.

I think that's twice RM has dipped into the prospectus pot, once the company is relisted it should come not long after IMO

Anytime upto to early February would be acceptable for financials as they started late.

It's still possible more funding coming, that last one looks like a temporary fix to me.

Good luck everyone hope this will be a commercially viable drill result, those on the sidelines this is well worth a punt IMO

This is just a fun punt for me being hopeful it will find something commercially viable!!!

Options for further funding are very limited now, it's all on parts 3/4 whether it's make or break. IMO

The Loan is secured by a debenture against Caracal Gold Plc in favour of the Lender.

Without seeing the contract terms, I'm guessing that the new machinary is the security used for the loan.

Actually, what I think we're looking at here could be part 2 of the whole funding process and might be good.

Part 1 being the $1.55m fundraise in November. In that fundraising RM lent the company $150k, in doing so changed his status to a creditor.

Part 2, RM has most likely used his $150k creditor status to personally guarantee 50% of the $250k loan + interest (this is a very common practice) this mitigates the risk to the lender and could help obtaining more favourable conditions.

Roughly $45k fee paid in shares on prospectus approval.

3% per month interest.

Part 3 of the funding process will be very interesting.

Actually, what I think we're looking at here could be part 2 of the whole funding process and might be good.

Part 1 being the $1.55m fundraise in November. In that fundraising RM lent the company $150k, in doing so changed his status to a creditor.

Part 2, RM has most likely used his $150k creditor status to personally guarantee 50% of the $250k loan + interest,

Had to stop myself buying 5m shares on thst drop this afternoon as it would have gone from a bit of fun to something more serious.

We're still in with. a shout of them finding a commercially viable product.

Relax nobody knows the out come of the drill at this time.

Results are near now, so good luck everyone, let's hope it's a commercially viable drill result!!!

I've enjoyed the run up to results.

Another day closer to results!

Are we there yet?

Good luck everyone

If the company was completely transparent and was producing quarterly updates with the full criteria, maybe the shareprice would drop but it would also be seen as a good buying opportunity.

Lol the problem with GCAT is that when it has a good Quarter it does show them all and when it doesn't, something is changed or missing or now completely missing.

What how much is mined, processed, produced & sold, average cost & average price.

How is that super hard for a small company?

That's all it needs to be

Zan, I've never shorted anything in my life and have no intention of ever doing so.

If you ever research what top shorters look for in a company ( I don't mean Joe soap shorters I'm talking professional) the majority simply knows to look for what the company doesn't want to talk about

The easiest way to find this, is by looking at the quarterly trading updates because everything should be the exact same format only the numbers will be different.

You should be able to put Q1, Q2, Q3 & Q4 all next to each other, with the wording and tables being like for like.

If anything is changed or missing then it's been deliberately done and it's a massive tell.

Compare where they haven't mentioned with where they want you to focus on and look for discrepancies.

When telling truths the story never alters.

I've always found that people who tell the truth don't need to tell little white lies and make stuff up only to be found out by eagle eyed investors.

The people I've described above are actually dishonest, unlike someone who says something and on the odd occasion miscalculated or read something.

Dishonest people don't like being pulled up and thry run away with their tails between their legs.

Gone through now, looking forward to seeing the results here!

Hopefully it's a commercial discovery

Somerset has just given an example from my previous post regarding character assassination and ridicule.

They also managed to play the victim too lol

Perhaps they are a victim of RM going by previous posts still thinks the company is profitable.

JC reckons they had blocked me over a year ago, so any my posts would have zero affect on them.

They're also overstating the capabilities of a share chat forum. People invest on the back of what the company distributes and not on the say so of a random stranger or at least that's what they should do.

CEO is always judged on results and the performance of the company and this CEO has been P/Poor which is reflected in the suspended share price.

People are allowed to be invested and have different opinions but that clearly doesn't suit rampers, mainly because they trade off new investors. Someone deramping will never make you lose anywhere near as much money but they are the pits.

I say good riddance,

Anyone who questioned anything about the company had to go through a character assassination ritual and a lot of ridicule before anyone would come up with a good counter argument that would explain any questions/concerns.

So see you and yes the winter night's do fly by in my house :)