Member Info for HarChris

This doesn’t come close to covering the Dec 31st debt maturity does it?

There is no gain for Imara Gold to have Marula sans all its assets reverse into it. None whatsoever.

It’s worth noting that the 19p being equal to $100 of WeShop also factors in the capital bond, it’s not ignored.

Obviously at the current $120 WSHP price the equivalent is more like 22.5p.

Auc1, yes it's that simple. WeCap sat at about 2.5p a share a few weeks ago as a WeShop proxy, WeShop listed on the nasdaq last week and rose from ~$15 to $200 a share, volume increased massivelythis side but Peel Hunt used it to exit as they had bought shares at likely an average of about 1.25p a long while ago. During last week from sold around 14% of the company and it was too much for buyers.

Nothing is certain but aslong as WeShop share price remains elevated ($100 WeShop = 19p WeCap equiv & it's $115 right now...) buying volume will return to last weeks without a major seller to halt the momentum and this will rerate.

Read the holding RNS properly , they went below 10% at some point on Thursday. There was tons of volume Thursday, there was very high volume Friday.

They could easily have started today sub 5%

I think it's more to do with the inevitability of Goantagab being approved in the coming months and that will radically transform the tin operation.

I don’t recall because I didn’t know the name Avacta before Covid, I’d have thought that was the same for many here. And I doubt that I’m the only one that hated AS’ diagnostics direction and only really committed once CC took over and radically transformed the proposition here.

So you’re saying only AVA6000 was ever discussed on here, never pre|CISION and the platform more generally + potential pipeline? Okay then.

Ps that question you asked me you also asked me a few weeks ago and I gave you my answer.

Well the interims are next week for certain as they need to be released in November. Quarterly update a few weeks after that and obviously all waiting on jig plant commissioning RNS.

All views should be welcome here. No doubt though Wyn even with that highly negative view of what's about to come if you end up being wrong and the SGC data is exceptional you'll of course have been fully loaded the whole time and be making money hand over fist.

And it’s certainly possible that the mine alone, even with GRL as distressed as it is, could fetch far more than $15m. So yeah would be a great result for shareholders if true.

We have been using the assumption that an informal offer was made for the entire company at about 1.5p / $19m so what would Homase alone fetch now GRL is distressed? $15m?

If so $10.5m pays off the debt and GRL is left with its other asset which needs tons of investment and $4.5m cash. I’m not sure that would value the company any higher than the current $5m mcap?

It would mean living to fight another day though so probably the best hope.

They did have 80m as of 31st October and then reduced to 63m as of Monday. And then of course to ‘below 41m’ as of Thursday meaning probably about 20m left.

If we were to find out Monday that WeCap have sold even 130,000 (10%) at say $120 a share ie for $15.6m then we'll all be laughing.

Firstly we need clarity over whether it’s a 12 month lock-in, 6 month lock-in or no lock-in at all. Hopefully soon from the management.

Secondly highlighting the disconnect is valid. Sure it’ll highly likely remain for months but it’ll certainly narrow and so could easily see a 3 or 4X return fairly rapidly once there’s no major seller halting all momentum.

I would imagine WeShop would at least give permission for an off market transfer to an II with the shares retaining their lock-in. It would just be a hedge for WeCap in case the shares were to plummet and in return would transfer said shares below market rate.

If WeCap simply sold a small portion for say $75 a share they could wipe out their debt completely and be sat on a healthy cash pile.

So many options to see significant returns from 3p.

Explain to me then what the point of her flat out lying in December about the 1000 ounce target because I can’t work it out? There wasn’t a raise or any gain from supporting share price briefly through exaggerated claims so to me it’s as simple as Emma genuinely thinking that it could be achieved. She even did a few interviews in the new year which also backed up that she thought 1000 ounces was coming.

She might be experienced on paper but she’s proven to be utterly incompetent and clueless.

And no I don’t hold shares currently but that shouldn’t preclude me debating the share with you should it?

And by that I meant if suddenly the share price rose to say £1.50 then I wouldn't blame him for issuing shares to fill the Douta funding gap at a £1b valuation. Not a problem for us as shareholders sitting at 62p.

Segun isn't going to start distributing more cash to us via dividends only to then dilute us, that doesn't make sense unless the share price soars from here - but at what is still a very depressed valuation relative to operations funding for Douta will come via debt finance.