Member Info for HarChris

Thorn presenting the poster alongside Tap perhaps?

I watched it retrace from £6 and jumped in finally at 95p, then added since for an 79p average. I'd call that patient.

First post in a few days and you immediately try to paint it as desperate. I'd argue your insistence to flood this BB with etf chat is your own desperate attempts to drive sentiment lower.

It feels like SWC is bottoming out here vs $110k BTC price. Be nice to see that confirmed and hopefully if/when BTC makes its next attempt at a new ATH this gets back over £1.

I've given my reason for posting on here, dangerous misinformation. Much of my posting was to deny the serious claim that GRL merely had $3.5m to repay on Dec 31st when in reality it was $8.5m at the time and now $10.5m, all things being equal with gold price.

And yes I invested a lot of money earlier this year and posted a lot to highlight the investment case at the time, highlighting the risks but also the rewards (I stick by 10X) if GRL merely could reach their production target in June, July, August or even by September. I repeated that ad infinitum but of course when June, July, August and then September came and production had gone backwards, if anything, I gradually sold down. I think that's consistent with my commentary through Q2 and Q3.

Others will have followed me in and lost money, i'd prefer that not to have been the case but as long as they read my comments carefully would have invested knowing the risks, especially with the likes of Corrumpo, Jack etc constantly highlighting the poor track record of this company.

My aim here is just to give a more rounded picture of the reality. When a thread is made 'Now is the time to buy here' followed by tons of recommendations it's reasonable to highlight that one could make the argument that with such a gigantic debt looming now is very much the time to tread cautiously and invest only what one is okay to lose if all doesn't work out as hoped.

Very mature view as a holder, it's refreshing. I understand some of the pushback as it does seem like i'm a disgruntled ex holder wanting others to lose money but it's not the case, i'm simply interested in following this and feel I have something useful to add at times. I was being called a liar and all sorts a number of weeks back for daring to challenge the claim that the gold loan isn't a physical gold debt and instead is simply $1500 x the amount of ounces owed. Those two posters that were adamant I was wrong and they were right have disappeared on here but I was getting called all sorts for stating a fact that absolutely should be understood by anyone investing here.

That's all I've ever done on here recently, counter the misleading ramping (not positive investment cases) because it's wrong to deceive and pretend it makes no sense that a gold producer can be seeing no share price appreciation at this stage. I'll always point out that holders could well see a big return from here if management are successful with the renegotiation and modest production improvements start to be seen but that's not the same as acting like it's the biggest bargain the stock market has ever encountered, it's not. It's high risk high reward like you've stated.

My guess is that traders are a little wary of the funding position, possibly wondering if a few more £m might need to be raised to deal with the lag between production and cash generation.

Going by this management’s track record though it would be such minor dilution and be done and over and moved past in a flash.

That is the left field news that could well be the catalyst, even more so than achieving production as that’s expected and clearly signposted. Excellent update!

Boldicus, I genuinely appreciate your 00:30 post, thank you. Absolutely tha, 100% spot on. GL mate.

It's exactly that and good luck to you! Hope it pays off.

It's the faux 'bargain' claims that I challenge. It's not a bargain, the share price is factoring in huge risk. Bargains are low risk medium return.

You get a flavour of the potential of Pitombeiras by remembering that, for example in early 2022 the share price was higher than 10p at one point. With ~270m shares at the time that was an mcap of ~£27m. Not much else was owned at that point (just started investing in BRES at the time), tens of millions of shares in ValOre has been sold and plugged into Pitombeiras producing the PEA, the technical report and upgrading the resource.

To think, Jangada today is worth just £6.4m with an advanced sizeable gold project with gold as bullish as it is when previously it was valued at close to £30m for essentially Pitombeiras alone.

Added to that we have the old familiar story of no gold pour announcement once again. In August the company was forced to announce the 213.7 troy ounce July pour because Bill Trew leaked it at the AGM. A few weeks later on the 2nd September they announced a 355.6 dore ounce pour which was from the w/c 18th August. It's now a full eight weeks since that pour so there is no question there's been a September pour that has not been shared with the market yet.

With the company badly needing to increase the share price and with gold at $4200/oz surely if the most recent pour was an improving one it would have been broadcast to the market by now?

If you genuinely can’t understand why the share price is so low then investing isn’t for you.

Sure if they manage to successfully renegotiate this debt then those holding today will see a good return on their investment but the share price isn’t going up because the risk of insolvency is very real. And the chance of a restructuring of the debt into discounted equity to AIMSL which essentially hands them the company is also very real.

If gold is surging and GRL isn’t moving with it it’s not because the market is unaware of GRL, it’s that the majority of investors understand the risk.

Debt maturing at the end of the year is now $10.5m vs $5.3m mcap ie debt is now double the valuation. That’s a dangerous position for any company.

The low capex is the standard out feature of Pitombeiras… that sort of sum (and much lower initial capex) should be easy to raise once the vanadium price eventually recovers.

Goldie, a bit of advice… if you want to be taken seriously make your point a couple of times a day rather than dozens and dozens, the former will be read and processed, the latter will be dismissed as it makes you look desperate.

Secondly, be consistent. You can’t claim the company is a total fraud and going to zero and then advise to BUY under a penny, that just gives away your motive.

No no absolutely not. In theory it should trade at a premium to NAV because in theory, the managers of a treasury company holding hundreds of $m in assets have greater bitcoin/ crypto expertise than the average punter trying to navigate the space. Plus they have access to capital to leverage and borrow at much greater scale and lower rates than individuals and hence grow much faster. In theory of course.

These companies will always trade well above NAV in good times and likely below in less fortuitous times.

Isn’t that more to do with the company’s than Yorkville as a lender? Probably a sign that Yorkville agrees CLN with weak businesses that couldn’t repay their debts / a bit of bad luck that’s added to the reputation.

All these lenders are essentially the same, they are amoral capitalist entities that just care about a return.

With access to so much capital though there’s a hell of a lot of progress that could be made and the ATM allows for tapping the market for cash at market rate along the way.

Personally this looks good to me although there’s clearly a massive shorting campaign that I wouldn’t risk too much taking on as a long.

Funding is funding and there’s potentially tons of it for a gold exploration company with a tiny mcap in the middle of an incredible bull market. Took some myself.

An account created purely to periodically bash Avacta deserves the biggest yawn of all.

I'll happily take that comment back and leave you to be the one making dumb definitive comments. I retract the certainty claim.

I'm personally confident there's another cycle to be had here where SWC will once again trade at a huge premium to NAV even if only for a short period of time.

No more posts from me on here today but you seem exorcised and will just get more and more aggressive, good day mate! :)