Member Info for Bebeto

Apro, $10.5m worth of dilution could be coming as it takes months to negotiate a funding deal. Also the 2Koz per month will be further put back.

Well will they now it's imminent

RM is FoS

ImIom,

You're correct , The RNS could have been better as it started with conditions.

"The total contract price will be made available to KPG, subject to conditions, in two tranches, "

Not sure OCIM has paid anything at the moment as nobody knows if their conditions were met. The other $3m had no conditions so therefore presumed to have been delivered.

Q3 results could come with Q4 but as there was no earlier funding the production side will be poor but the exploration side should be positive.

RM does use delay tactics with phrases like finalising the numbers or putting them in a presentable format but they will come out at some point.

The Shanta group resource is 4.1Moz and we are 1.3Moz but expect it to be 3Moz+ this year making 2p achievement possible. IMO

Shanta is £105m MCAP and we are nowhere near them resource or production wise.

2p will be a realistic achievement his year.

Just a rollover originally bought on credit. Long way to go here

Iangold, LOL our time will come I feel it's de-risked now. Happy to wait.

Looks like traders are trading with themselves, I'm not even contemplating trading this below 2p. I'll sit out all the churn as I feel I'm holding the right amount of shares.

Good end to the day!

RM needs to sort out whoever is advising GCAT as I'm holding shares on 3 different platforms with nothing about an AGM on any of them.

Also if they released production & exploration results every month (whatever they are) the SP certainly wouldn't be this low.

This year should be transformational if the company plays it right.

Would prefer a continuous gradual re-rate which is possible through regular drill & production updates.

LOL it's Vim Rutha for me and it should all be drilled out sometime this year. The Gold strike is more than 4 times Kilimapesa gold mine and so far it's higher grade.

That'll do it for my strategy ;)

Chopsing, this is a 3 to 5 year hold for me and I won't start trading it until I'm 200 - 300% up some time later this year.

Simple but effective strategy

Agree $3m should be in now with no restrictions.

Suggins, if you pre-pay for goods then it's your responsibility to carry out due diligence and conditions to ensure you're going to be repaid.

So whatever the conditions are it will be relevant to OCIM receiving the gold.

I'd be really happy if RM only just did a tweet to say it's arrived.

I think we need to be realistic and see the facts to try and understand the bigger picture.

We're in Q1 and we're still waiting for Q3 results.

There's confusion and conditions put on the funding.

AGM notification is not through the usual RNS updates.

What could the above mean to shareholders? Are they all connected or individual events?

If they are connected then the current production was woeful and OCIM decided on production related conditions, then the discrete AGM gets voted for approval of resolutions because the back stop of a delay to funding is actually a placement.

If they are individual events, then the above is definitely not the case and just a coincidence.

Iangold, you see what you want to see and disregard my positive views especially towards Vim Rutha.

I am balanced if things were done in the correct manner they'll be no issue.

Iangold, you're entitled to your own opinion, I recall you telling me before to take my losses and move on but I'm still here and have never sold one share.

The funding issue will come out in the wash either way but whoever is advising the company or writing the RNS are doing a very poor job .

I think if the company continues in this manner they will fall out with the FCA, whether it's meant to or not.

It is usual for a company to RNS update that all conditions are met and the funds have been received.

This company hasn't even released an RNS notice of AGM, meant to be January 23rd.