Member Info for DanielC43R

around $30-$50/ct according to wiki Marange diamond fields. VAST don't know the quality of the parcel yet. GLA, Dan

potentially libellous/defamatory language used by Tom towards GCAT. Surely tweeting in that way is a little dangerous ?

care to elaborate bunsenburner123 ?

@Highveld - you mean SHG (Shanta gold) ? Is a good shout as is THX (West Africa and not to be confused with thor energy plc). My approx. £5K here is not going to go very far with those stocks (down approx. £15K). GLA, Dan

@NotJohn - I also asked (on the 12/1/23) about this issue re: Chairman's statement . In the same email I also asked about the CLNs with Mill End Captial Ltd (the RNS on Monday covered this point). No reply so far and, with all that is going on, I am not surprised. GLA, Dan

would this be a possibility, a small £10M loan (nothing for a govt and helps keep 400+ local employees in jobs) in exchange for 10000ozs gold (a nice 50% bonus included) over a one year period once 24K oz hit ? Increases their (Kenyan govt.) gold stocks by 310kgs (currently only 20kgs I believe). Security would be the licences they issued. GLA, Dan

@Legalwolf - re: post at 18:33 - I have asked the question regarding the various loans you listed. The initial, Tranche 1, $500K payment was made to Tyacks as per RNS 15/8/22. Hopefully we will get a further RNS to cover these ambiguities. GLA, Dan

@aimofthegame6 - that would be Bunsenburner123. GLA, Dan

RNS in a couple of weeks or less. GLA, Dan

@Legalwolf re: 11:38 post and 'single biggest issue will be dilution' - I believe that as a standard, main market listed company GCAT is only allowed up to a maximum of 20% placing/dilution per year. Has anyone else heard this rule and have I understood it correctly (FCA listing handbook LR 6.8.1)? GLA, Dan

@splatted. and @ZagEgypt- if you go to the creator of the thread 'Bought on rumours' you will find out who it came from. GLA, Dan

@YugoBoss - 1588 x 2204 (lbs in a tonne) = 3,499,952 lbs. Cu average price during 4Q 2022 was approx. $3.6 (using data from IFCM website). $3.6 x 3, 499,952 = $12,599,827. Let's not forget the gold too with 401 ozs at approx. $1750/oz during 4Q 2022 giving $701,750. So about $13,301,577 or $4,433,859 per month.

The issue, I believe, is with the debt situation and having enough left over to service that debt. We know that they do not have enough left over to cover debts with the current financial package. If they could cut costs further, say another $1M per month, and start processing from the high grade areas (3.6% and above to double the 1588 tonnes) they might succeed. Head grade for that quarter was 1.84% Cu, they have reported drill results in areas with much greater grades (e.g. 13m at 5%, incl. 4.6m at 11.4% in the UFZ). GLA, Dan

@ID78 - I believe the target AISC of $1000 - 1100/oz is based on the production of 2000oz/pm. AISC for 500oz/pm would be much higher, economies of scale and all that (same amount of people producing a quarter of the production target is going to cost more). A far chunk of the current AISC will, of course, be from the plant upgrades. Would be nice if they included the cash costs and AISC / oz each quarter as does Shanta (RM mentioned them in the 10/1/23 interview IIRC). GLA, Dan

@asimpleinvestor - I have looked at the Cu price on the ifcm website and get a range of approx. ($/lb) 4.3 - 4.9 for the Q1 2022 period and 3.4-3.8 for the Q4 2022 period. Taking the mid value for each, 4.6 and 3.6, gives a ratio of 0.78. So that makes the Q4 2022 revenue (not profit) lower to 1209000. 341000 less, so approx. 2.9M for the Q4 2022 period or approx. 950000/PM. GLA, Dan

@asimpleinvestor - as I said in the post, I have not calculated for Cu price. GLA, Dan

as VAST don't seem to supply these regularly. Using RNS data from 3/5/22 and 4/1/23 I get a rough revenue (please insert currency unit of choice, as VAST don't supply that either) for Q4 2022 of 1550000 from Baita Plai conc gross reserves. From Q1 2022 RNS quarterly income from Tajik was 1665731. If VAST also got this for Q4 2022, then I get approx. 3.2M. Just over 1M revenue per month. Revenue not profit. I used a multiplier of 1.2 based on the difference of conc grades between Q1 2022 and Q4 2022 (19% versus 23%). Q1 2022 234 tonnes sold for revenue 620368, Q4 2022 488 tonnes sold. I have not calculated for Cu price, just using ratios and the multiplier.

Not able to find any info. re. credits such as for the gold, silver, molybdenum, etc. Could be completely wrong, just my workings. GLA, Dan

They might need to change this now in the notes section of their RNSs 'Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz within 18 months from its listing in August 2021. '
I wonder if a temporary suspension might be required now whilst a chairman is sought. Does not change the resolutions for the up-coming AGM. Not sure I like 2023 anymore, roll on 2024 lol. GLA, Dan

certainly a case of running before they are walking. I think they also need to start a programme of efficiency/cost saving strategies such as reducing the number of NEDs and perhaps retain 1 CFO instead of two. Why a small producer like GCAT needs 514 people is beyond me - surely some scope for reduction there. Perhaps the Kenyan government would like to step in and offer a loan (in exchange for gold and keeping its people employed). Not the start to the year any of us were hoping for. I have asked RM about the outstanding CLNs but, understandably now, there has been no reply. Perhaps this will become clear in a little over 5 working days. GLA, Dan

would yield an extra $48M FCF (comparing the $1650 used to $1850+ now) over the life of the mine with POG close to $1900. GLA, Dan

@BushyTailed re: post at 16:27 - the reason OCIM pulled is known and has been explained (see my post 15:41). There is no issue with our mining licences. GLA, Dan