Member Info for Bebeto

Companies only list on exchanges to raise funds.

The main market is too expensive and GCAT doesn't meet the requirements.

If they were to relist it would make sense to be on a cheaper, more accommodating market.

Iwontell, you're making up your own story there but current shareholders would be massively diluted, whether they stay on main market or go somewhere else.

Before expected news comes in March.

Is it 10% interest or more than that?

'accruing interest at 10% per annum above the Bank of England's Bank Rate.'

Glad to hear you have no words to come back with, because if it was relevant currently for the company, it wouldn't find itself in the current predicament it is in.

Feel free to mock it's not going to change anything.

Yes Cynergy are backing out of the deal, for some reason, suspect their due diligence wasn't up to scratch.

The POG only really becomes relevant for the company, after the mine is upgraded as they aren't producing enough ounces.

They need to raise funds for the above upgrade, and they will probably have drop to another market like AIM or foreign, as it's their best shot at survival.

JC I'm not buying the POG distraction, they need to upgrade the mine and they have fallen out with the entity that was going to give them $5,000,000 for it.

The last update had them producing around 80 ounces per month.

There is no corporate funding and the company has no broker/advisors.

I think they are going to delist and maybe relist on another platform.

Doesn't look like corporate financing, and the structure is not reflecting the increased risk.

Something is not sitting right about it to me.

There's a very small free float here any news and it could easily ten-bag well before before any dilution hits the market. IMO

This won't be coming back onto the main market, they don't even have an advisor/broker and don't meet the £30m MCAP threshold , LSE is currently in the process of removing under threshold companies.

Looks like the Cynergy talks have broken down.

RM has always maintained the ability to secure funding from somewhere, not over yet .

It's coming home...

Doesn't matter , he's gone now and expect residual assets also to be sold after arbitration.

It may drop down to AIM market as they develop and bring in new assets. Grow the company through consolidating producing assets.

The future looks brighter now with him out of the picture.

This is good news, they are rebuilding the company from the floor upwards.

Exciting times ahead for shareholders

I'm expecting a boardroom clear out , monetise their residual assets and bring in producing assets to grow from there.

Essentially it's a new company going forward and put the last decade behind them.

Probably best just to mentally write this investment off.

If it comes good that'll be a bonus for you but if they can't get any funds together, sooner or later a debt will be called in and would probably mean curtains for shareholders in GCAT plc.

Best to have an all around view noting positives and negatives.

Be weary of anyone discounting your views unless they have a valid argument.

Don't fret investors your time will come here

Zan, he used a classic distraction technique playing on people's greed.

Readers switch their focus from what's happening to what might happen, and therefore don't ask uncomfortable questions.

He done it before with 2000 ounces production that never had a cat in hells chance, after going through all of their declining production updates.

LSE are having a clear out and it's only a matter of time for them to delist the main market, as it doesn't meet the £30m MCAP requirement.

Just before the suspension, Robbie did an interview and played the situation down.

People bought and increased their positions on the back of that.

I never watched the interview or had any contact with him because their actions tell me all I need to know.

There are some decent CEO's out there and every good company starts with an experienced CEO. That doesn't mean every company they're involved in was a success because failure are lessons learnt.

Taking share tips off BB's , is a risky business, and can be very costly.

Robbie is probably a nice bloke but a terrible CEO and totally out of his depth.

It was always going to be a very tough hand to play but a more experienced CEO was needed earlier.

Cynergy don't own shares in GCAT plc, until they do , it's not looking good.