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I thought this board is for people invested in GCAT?
Chris, why are you posting here?
You've said your piece, you are not invested. Go and post on a board where you are invested.
The point is this: if you're genuine, you'd post once and then go about your life. If you have an agenda, you'll keep going. You either have severe mental health problems that you need help with or you're deliberately trying to attack the company and share price, which is share price manipulation, which is illegal.
Chris, why are you posting repeatedly here if you are not invested? Are you trying to commit a criminal offence?
'Are we talking a reduction / phasing out of thermal coal as opposed metallurgical coal??'
Yes they are talking about thermal coal, NOT met coal. This stock is a met coal stock.
Really good post Appletree.
Its enough to make you think the mcap should be more than 18m....could it be GCAT is worth more than Cora Gold who are a non-producer with a comparable JORC and currently languishing at the lower end of their mcap fluctuation with only 32m. Will leave that thought there.
Warrants at 2.5p, can't remember volume offhand. It'll be in the prospectus.
For reference, MJArd / Chris (and whatever alter egos there may have been before) only posts on two stocks from new accounts, layering on negative posts to get a lower trade entry. I see the posts have become a little more tempered, so perhaps he has bought in now and will give it a rest (for now). We can but hope.
ItsYou - Presumably GCAT will be able to mine an open pit from some point next year once the exploration of the Southern Mineralisation Zone is underway.
Here's the RNS detail, covering strategy on mining and tailings. Read that and listen to GCAT interviews where they offer more detail on their blending strategy whilst they develop the mine and start on exploration for an open pit in the Southern Mineralisation Zone.
"
HIGHLIGHTS
§ Funds raised from a listing on the London Stock Exchange in August 2021 being used to refurbish and upgrade processing plant at Kilimapesa as well as maintenance work plus ramp up underground mine development and purchase new mine equipment
§ Underground mining operations during September 2021 focused on development of reef drive and new raises to open up new stoping areas to meet the planned increased level of run-of mine ('ROM') production and the associated purchase of new underground equipment including rails and box fronts.
§ Mining activities continued at the Bull and D Adits with ROM ore transported to the gold processing plant throughout September and work commenced on the re-opening and refurbishment of Adit B to access previously identified ore.
§ Ongoing recapitalisation of the underground mining operations is progressing according to budget and remains on schedule to meet the planned increased level of ROM production.
§ Gold processing plant feed levels tested at targeted rates and achieved levels of +700 tonnes per day ('tpd') during the month and averaged a record 492 tpd for September 2021.
§ Plant availability during September 2021 was reduced as a result of the planned level of increased capital and maintenance work completed on the processing plant during the month.
§ Ongoing optimisation of the gold processing plant to achieve steady state throughput of +700 tpd is progressing according to plan and is on schedule to achieve monthly gold production rate of 1,000oz at the end of Q4; these throughput levels will comprise up to 300tpd of high-grade ROM through the mill and up to 400 tpd of additional lower grade tailings through a new dedicated tailings treatment circuit.
"
Guys, I have invested because my research indicates that this is a company with lots to look forward to. But it was WiseInvestor who pointed the stock out to me, so if it does well, okay I will have this person to thank. I know it may not seem like it, but its good to have at least one very enthusiastic poster who is willing to be a little persistent because that person's enthusiasm will give new investors like me the multiple nudges they need to start reading up for themselves. Fingers crossed this one does well.
mpd - "Firstly, it commits itself to publish and implement a policy to phase out the financing of coal-fired power and thermal coal mining in the EU and the OECD by 2030, and other regions by 2040.?"
BEN aren't mining thermal coal, so wouldn't be affected anyway. In addition, financing is lending, so wouldn't affect non-debt related banking, next its an event they have committed to by 2030, so way out in the future and not related to BEN in any way.
FYI - InvestDirect have such a bad set up generally, it made me invest in unhealthy ways as buying is difficult, IPOs never list on time, if at all and reporting does not show profit and loss. Switch to HL, most things list day one, there's no investment cap and you can see profit and loss at a glance.
volume over 20m. Interesting to see the jump from 6-12m. Early days here but looking forward.
Think this will run again next week. Have a good weekend, one and all.
I'm talking about cost of mining work, not cost of off take sales.
Nova - if they can mine more the off take agreement will be extended to take the lot. The demand is there. I wondered about not including the price because its better for investors to have transparency. But either side may prefer to not disclose for competition reasons, so that element will be a wait and see on interim results once mining starts.
Not popular right now, plus apparent seller. May just suddenly pop one day through being oversold.
Levs, watch out for Earache, he has previous and he can kill a stock stone dead with his relentless barrage of negativity. Look at his posting history and the corresponding charts and you'll see what his campaigns can achieve. And no, no-one appreciates the pretence of balance.
Volmer, I agree there's a risk that met coal prices could potentially drop, but consensus is that if it does pull back, it should be conservative. Be interested to hear if you find different. On the shareholders, the big shareholders are all locked in. Are you concerned about lock in or influence on the 50% holder?
MarcEtMaker - Good point, I'd rather the board was focused on the company, not someone who has a history of wrecking investments for and heaping misery onto hardworking, regular folk. Let's get back to BEN.
Anyone catch the point about the drilling programme schedule? That seemed to be another piece of news that Robbie said was due to be published soon (he didn't say next week on that but it sounded like it was almost ready to go).
Mickey - The mcap is already c.21m GBP, so it can't be 1.5m GBP based on a larger JORC.
With a JORC of 2m GCAT would be reasonably comparable to Shanta Gold, which would increase the share price from here between x 4 and x 8, depending on other factors, including production figures, gold price, sentiment, acquisition size.
That would put the share price between 6p and 12p in the mid term - 12-18 months (maybe sooner to see 6p, who knows).
It looks good here. GLA.