Member Info for Bebeto

For H1 I've got them selling average just over 328oz gold per month (gross loss £952k) but if they sold 450oz per month average that could change to a gross profit.

Just over 113oz sold per month increase is less than 25% what they're targeting to produce.

Apro, thanks great working out!

The cook cycle will definitely put gold into the inventory, I can see the 2koz per month being more an average taken from the year as a whole.

There's so much really useful information held within them financial statements, shame most investors never take the time with all the facts they contain.

I've only watched that interview once, as I was really paying attention to the hidden information RM was also giving out.

He said there was someone from the funding on site recently, (could have been that day). The question really is why were they there? I can only think it was for them to get a good indication as to whether the company can actually service their obligations to the funding repayments.

To my mind everything is done on the GCAT side and they are just waiting for the other side to make that decision to release the funds.

Obviously there could also be the banks involved doing their AML checks too (Anti-Money-Laundering). This process can also take a few weeks.

Trek, haven't seen a company do one before November 1st RNS covers it.

Sono, I think RM said 2koz per month one time too many and it spooked them ;)

Onlyone thanks, yes it is because the heap leach process is over a longer period of time it's more likely to be accounted for in the inventory section.

Has anyone looked into the heap leach production rates?

By my estimation they had upto 84oz left unsold at the end of Q2. According to note 16 of the audited results $117k worth to be precise.

Just wondering if the heap leach operation could be producing that amount in its process.

Another two green boxes :)

The thing is , if they really were in the CEO like they claim to be, then the CEO would have confided in them that he had taken TWO hidden loans?

I don't think he did because everyone uses everyone in this game but it's actions that really do speak the loudest.

I see I have two green boxes after my last comment. Just to be clear when I filter someone they are filtered permanently o will never read or reply.

I'm here only to air my views and read other comments.

I'm absolutely fine if someone wants to filter me as I'm not here to make friends.

I do tell people when I filter them so there's no misunderstanding.

So now it's time for them to move on with their lives :)

We know from the audited results in H1 , the total revenue (from sales of precious metals) was £2.425m.

We know from Q1 & Q2 results the total ounces of gold sold was 1,972 Oz.

£2.425m / 1,972 Oz = £1,229.71 per Oz ($1,394.25 per Oz)

The question is why is the prices working out so low compared to the spot gold price $1650-$1850 ranges.

8% smelter royalties would bring it up to $1,500 per ounce.

I guess gold dore doesn't fetch the same prices as spot gold or there's another cut in revenue source.

Total accrued interest in the first loan is 32.56%, sounds like he put it on the company credit card LOL

Dmors, I love my kids but if I see them doing something wrong or I don't like I'm going to tell them off.

I can't keep praising if they've made me cross :)

Dmors, I just call out what I see, I'm invested and I'm entitled to an opinion. I don't go around coming across desperate asking for people to look at an interview. I let the evidence take me and not bothered much by what others do or say.

RM got two loans and never Mentioned either of them. £1.7m (after interest) + £2m CLN.

So he must have been thinking that the funding will pay these loans off.

That's £3.7m or $4.3m straight out of any funding coming our way.

Can they pass a credit check after getting two loans?

Actually one Loan note and one CLN , the funding is behind schedule what's happening here?

Let's get one thing straight, the Company has TWO CLN loans and hasn't even released a circular (let alone a RNS) to the market!

On 21 June 2022, the Company entered into a Loan Note Instrument with Mill End Capital Limited (the "Noteholder") for a total of £1.25m ($1.5m). This was draw down in its entirety on 27 June 2022. The total creditor recorded in the accounts is £1.7m which is made up of £1.25m principal and £407,000 accrued interest.

On 18 July 2022, the Company entered into a Convertible Loan Note Instrument with Koenig Vermoegensvermaltungsgesellschaft MBH ("Koenig"), a company incorporated and registered in Germany, for £2 million at an interest rate of 8% per annum. The conversion price being agreed as £0.06 per Ordinary share, save that where the price per ordinary share falls below £0.06, the conversion price shall be 90% of the 10 day VWAP price of an ordinary share. 266m warrants were also issued to Koenig, at an exercise price of £0.0085 and are exercisable for 2 years from the date of grant.

it's all in the Audited Results, the CEO has no integrity at all.

Someone just told me the MM range is 0.45 - 0.7 but where are the majority gathering?

There's still a question mark over the directors salary's and I think we'll have to wait for the next financial statements to get a definitive answer.

Despite what the prospectus said, the April 29th RNS suggested the combined directors salaries were £215k for 3 months and the latest audited financial statements suggest the combined directors salaries were £650k for H1.

Next statements will clearly show.

I'm wondering how big this funding is going to be, it looks like they spent over $11m on CAPEX in H1 and probably another $5m in H2.

My guess would be similar amount next year.

I just wonder if the delay is down to proof of production.

Q3 quarterly update should be next week regardless of the funding issue.

I'm still digesting the audited results and waiting for the funding news.

There's no denying it's behind schedule, perhaps the investor evening in a couple of weeks is his back up plan.