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This is the cheapest and most underrated gold producer on the market. Mainly because it's a new company only listed last August.
The SP should be currently 2.75p after today's announcement so 5p is clearly achievable under the current expansion plan.
The rate and progress of the company expanding in all areas is truly exceptional. They're actually doing and not just making all the right noises to be something very special not just unique but I believe it's going to be a unicorn investment for anyone buying in at this range and time.
There you go classic case of MARKET SENTIMENT because it certainly wasn't the balance sheet that got the SP many many times higher!
Feel for the holders there
GCAT on the other hand will be 5p I. H2 and 10p in 12mnths
@OnlyOneShareMe, I can see where your coming from and a few other commentators: 1+2=3 (SP)
But that's not how the stock market works, every share that's risen over 1000% hasn't done it on the balance sheet or drill results, they've all done it on the INTRINSIC VALUE.
People buy for the future worth all the balance sheet and drill results does is just underpin the belief in the intrinsic value of a company share.
What's the main driver of intrinsic value? MARKET SENTIMENT.
If the market sentiment believes the company is worth 10 times higher it will drive the SP higher.
In less than 6mnths the company has:
Increased it's group resource 250%
Increased it's production 100%
Increased it's group portfolio 100% by making an acquisition
The company is expanding rapidly, where does it say it won't do the same in the next 6mnths?
because I can only see:
100% further increase in resource
100% further increase in production
100% another acquisition
Currently I value the company around 2.6p so it's well undervalued with my calculations.
Thanks Bro :)
Price of gold is one good indicator but as with all shares it's market sentiment is what's needed here!
For instance sentiment alone put £500m+ onto the the GGP MCAP making it over £1bn company for a short while as it couldn't back up its valuation it rightly receeded to its proper level.
Now GCAT just needs 30% of that GGP market sentiment and it would be at 5p+ level and being a expanding Gold producer and Explorer / looking fto make further acquisitions makes it more than do able short term :)
Anyone can continuously pour cold water on other people's predictions .
The company looks around 1.5p undervalued currently , so that's around 2.6p yeah I can easily see 10p within 12mnths with the predicted expansion/acquisitions
Look at the management and look at their aspirations
Do you believe in the management and do you believe they can achieve their aspirations
Look at how they conduct themselves and more importantly how they treat a) their own staff & families/community b) investors
Would you want to work for a company or live near a company like this and are they going about things the right way
I have looked and I believe that's why I've invested for the long term as I want my investments to be associated with companies like and want to invest in the story of the growth of a micro cap to mid cap status company.
Those buying now at the ground floor entry price and holding their investments will see at these rates of SP.
at 5p 20% gain would give you 100% return
at 10p 10% gain would give you 100% return
at 15p 6.75% gain would give you 100% return
at 20p 5% gain would give you 100% return
If you really believe as I do then the potential to make life changing returns is for you to see.
If you don't believe it's possible here then follow the next rainbow and good luck because there's a big pot of gold right here
AG1989 The directors have openly said of their ambitions to become a mid - cap size company. £160m MCAP is a little short of that definition.
Don't know why people keep talking about RDGC it was a £5m company that was doing a reverse takeover for £500m which collapsed due to covid.
https://www.sharecast.com/news/news-and-announcements/romanias-blue-air-plans-london-debut--8033832.html