Member Info for Bebeto

I'm estimating that the vast majority (if not all) who are currently underwater here, will have an average of no higher than 4p.

So whatever the ramp fest is going to be, it will be higher than 4p IMO

Sounds like a new rampfest is about to start.

Interesting, two posters implying a transaction but why would the company bring on-board debt refinancing experts if they were going to sell?

A hostile bid would involve gaining a controlling share and there's been no excessive purchases to date.

Don't beat around the bush, this tax loss :

At 31 December 2022 included ring fence tax losses of £239.3m and Energy Profits Levy losses of £21.0m and non-ring fence losses of £24.2m.

Ring-fenced tax losses of £239.3 million can typically be used to offset future profits from the same ring-fenced activities. Energy Profits Levy losses of £21.0 million might also have specific rules regarding their utilization. Non-ring fence losses of £24.2 million might be available for offsetting against the company's overall profits.

Coldspy has deramped on GCAT BB somewhere in his mind he thinks it's going to affect me in some way.

Keep it up I really don't care, just like how many shares people have, it's all irrelevant lol

LOL Coldspy :) looks like you won your bet!

LOL I'm truly flattered people have taken the time to talk about me on this BB but I do feel it would have been time better spent emailing the company and asking whether they have indeed shut down production.

It's very suspect people not accepting the truth.

I think the fraudsters are the people who are clearly underwater trying to pump this up for them to sell.

Nobody with half an investment brain would entertain anything until this bond issue is sorted out in September.

It's just traders and underwater holders here at the moment.

Seriously production is probably stopped (for maintenance) at this current time and you reckon they're making loads.

Thanks for the plaudits but I really don't know why people are scared of the truth.

31sf July RNS

The Perenco Bacton terminal annual maintenance shutdown is scheduled for early August and expected to last approximately one week, which will curtail average production in that month.

Bacton should be down for maintenance now.

Suggins, that sounds interesting will catch it up over the weekend.

They've improved their RNS but if they are having to spend money on follow up interviews etc there's still a lot of improvement to do if they want people to invest here let alone potential funding companies.

Sainthood who really cares.. This BB is about IOG no need to cross ramp!

This could be refinanced at any time, the end of September is just the can being kicked down the road.

The only way to get people to invest is to be clear and understandable.

I see previous posters not happy with the amount of gold sold and think the company may have under performed.

Well showing your working out and coming to a clear understanding helps everyone.

The alternative is for it to become a trading share, which doesn't benefit many.

I show my working out for people to see where I'm coming from and I'm happy to be put right.

Not interested in making friends just money from my investments.

There's a theoretical maximum of an additional 1,611 oz to find in the system, the more we can recover the smaller the percentage loss is. (from processing & smelting operations)

The pregnant solution in heap leach will certainly contain some and on CIL circuit but how much?

Are you referring to this?

Commissioning of an additional 100m3 CIL tank in the leach circuit, improved recoveries in the Milling plant from 76% in Q1 to 78.7% in Q2.

BaniJuhina,

I was referring specifically to the RNS results for Q2 2023, this is the official results the company itself has published and any discrepancies with the numbers is down to the company itself.

This is a recorded past event, therefore any corrections must be through an issue of another RNS and definitely not through any interview or the like.

Mining

· The underground mine remained on care and maintenance,

· A total of 38,011 high-grade tonnes were mined from the open pit @ 2,51 g/t,

· A total of 18,394 low-grade tonnes were mined from the open pit @ 1,55 g/t,

They mined a combined total of (38,011 + 18,394) 56,405t

April May June

Mined 15,000 + 18,660 + 19,970 53,630t

Treated 16,819 + 17,210 + 16,691 50,720t

Smelted 640 + 526 + 479 1,645oz

Processing

· The milling plant processed a total of 38,543t at an average grade of 2.23g/t,

· The heap leach plant processed a total of 12,177t at an average grade of 1.26g/t

The mined tonnage has lost 2,775 t from grades to the monthly table.

With the above information I am able to show a loss of 49.52% ( which is an approximate) between the processing and smelting operations.

Using the same data, I'd like you to show the 75% you talk of or just show where I've got it wrong please.

Legalwolf, I'm currently going through the most recent quarter results.

The numbers contained will also be available to all potential funders.

Using their own published numbers, I've identified a 49.52 % loss of gold from the processing to smelting.

Generally, losses can occur due to inefficiencies, impurities, and variations in recovery rates.

A commonly accepted range for losses during processing and refining is around 5% to 10%.

This is exactly where the company should focus on, in order to decrease their percentage.

All the funding negotiations will be based around projected numbers but the current numbers need to at least show belief that the projected could be achieved.

And that's the problem, the funders are facing, do the numbers add up?

I've previously suspected that there is a purity issue with the Kilimapesa gold and 49.52% loss (from processing to smelting) could back that theory somewhat.

Maybe the funders also think the same and are waiting for one of them to take the plunge and fully back the company.

So from processing ore to smelted gold there's a 49.52 % loss, it's not possible from the information provided, to distinguish how much to attribute to the heap leach operation.

Gold produced after smelting: 1,645 ounces (Sold)

Gold processed during the quarter: 3,256 ounces

The difference is likely attributed to the losses incurred during the refining process after the gold is processed. These losses can occur due to impurities in the gold, inefficiencies in the refining process, and other factors.

It's common for mining and processing operations to experience some level of loss between the initial processing and the final saleable product due to these refining and operational factors.