Member Info for Hodgeyd

A good deal depends on what percentage split is agreed. We are in such a vulnerable position anyone interested have us over a barrel pretty much. We all agreed the Manar deal wasn’t great. But it was a deal. Now we have a new deal but we have no clue what the split is. If we get 40% or more I’d be amazed but let’s wait and see. Personally I can’t see the split being better than Manar. Just my opinion.

Also, a telling sign personally is the fact the investor, whoever it is, has put the money in escrow and has specific conditions as to where it’s to be spent. Very wise indeed and is this an indication that past monies did not go to where it was supposed to go?

Questions:-

How’s the audit. Is it fully paid up and where are we at with it?

What’s happened to the total of $1m raised a while back?

What’s the situation with the FCA and re-listing? Surely getting Kili deal done will help this cause.

There’s been mentions of committee meetings between government, community and others. We’ve had no information on these to know what the hell is going on?

JB’s statement at the end is also lacking in his usual upbeat verse. He’s normally ‘excited’ to announce, ‘pleased to’ etc. there seems to be none of his usual own trumpet blowing positivity etc. why? Or is it just me and how I’m reading it.

I’m sure answers to all these and more will be forthcoming over the next few weeks and months but it all seems very painful and slow.

It always makes me laugh at the opening statement in all the RNS’s they release that says

‘SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow’

Do they? REALLY? So far I’ve not seen any results news or financials to prove or confirm they do such a thing. False statement? false hope? Or will we finally get an update that proves the concept works repeatedly and multiple clients have been onboarded. Personally I’ve lost hope here that anything will ever happen but I’ll leave my shares sitting just in case a miracle happens!!

@davemc

Having tried to read through a lot of messages, one thing I don’t get is your view that shareholders will get nothing with heavy dilution. How wrong are you with that statement.

As stated by JC, the only way shareholders will get nothing is if the company ceased trading and folded. Yes we will get dilution, yes this will dilute our share value and therefore our own holdings value, but nothing?? REALLY?

If the company is back to trading and heavily diluted, shares will be worth something, so shareholders will be able to get something back.

To get nothing there has to be nothing and right now we still have something and more hope than we’ve had for quite some time.

Dire management running this company. Making decision to offload assets at a time when gold was clearly on the rise, only to change their minds after wasting a lot of time and money to get back to where we were.

The only ones benefitting are the directors taking their salaries. They’re certainly not creating any value for shareholders that’s for sure.

This was trading as high as 17p about three years ago, now we’re languishing down here at 0.1p. Shocking is an understatement.

All we can do is hold and forget about them and hope they eventually realise some value from our assets. I’m not holding much hope though going by past performance.

Sounds like progress at last though if the prospectus has been submitted……although knowing how long the FCA are taking we could be a way off yet.

Interesting…..I’d say that’s fantastic news.

Roll on the next stages and steps that are coming soon.

Some decent trades but again, a good sign.

No TR1 but we don’t know if this is one buyer or many. And if the 3% threshold is crossed it would take just over £800k at .35p.

Hopefully news soon to explain the rise and help us jump up to a new level.

Such a shame a few on here spoil it and don’t stick to discussing this share constructively and nicely. There are rules, easy to be a keyboard warrior but even easier to just ignore and stick to discussing the share sensibly and being nice to one another.

Blaming Amtech for reporting people, how do you know. Why lash out at each comment he makes. I have reported a few posts on here today, wouldn’t have to do it if people either ignored messages or simply comment when they have something relevant to say about the share instead of having a go at one another.

Grow up people.

Nice to see this hold at this price instead of dropping back a tad like it has previously. I’m just about to check for any delayed after hours reported trades to see if the pattern continues.

No speeding ticket yet so that can only mean something is brewing in the background. Hoping so at least.

@JC I agree, all we can do is wait and get the RNS’s that tell us the next steps are completed, or business plan, the $5m funding coming in and it’s in the bank, having a company taking over the mining will be a big step forward too.

@Ppanchol, I can’t wait to re-list and see you sell out and be gone. Although sadly that won’t stop you from being here constantly commenting your drivel. We all know mistakes have been made, setbacks, delays and more, but having a CEO with pretty much his life, both in time and financially, means a lot and the only way he can get his life back is to get this over the line and producing again. If this wasn’t the case then we’d be dead and sunk already. Yes RM has made mistakes, been a bit too optimistic at times and got carried away, but he always manages to pull a rabbit out the hat just when we need it, yes it will take time to restore my confidence fully but step by step and takes time.

I just want to see the funding come in. That’s crucial. Obviously relishing and getting prospectus is too but without the finding in the bank we can move forwards.

It’s all coming and hopefully by year end we’ll be in a much better and more confident position.

Wow. I thought some of the other boards I look at were bad!

We haven’t had a speeding ticket notification yet, and I’m sure we would have done by now if there was nothing brewing in the background.

Just be nice to each other and we all want this to keep rising and do well so let’s all enjoy the ride.

Oooh he ‘does warrants’ lol

A HNW has other instruments available to lower taxes, a loss is a loss. Simple. If one makes on one side and a loss on the other, overall the profit is lower. Basic maths.

Bebeto, you seem to be the only one making the argument and calling out everyone else for being inexperienced or….thick.

The reality is, you’re making the argument and no one else is getting it. You have no idea who anyone on here commenting is, they could be HNWi’s or just an average Jane or Joe, so calling them out for not understating you is just rude.

HNW’s don’t make losses on purpose to avoid tax. I know that for a fact.

Good figures quoted there Swampie. Very different interest here in the UK that’s for sure.

Let’s not forget, this $100k isn’t the only ‘investment’ Robbie has in Caracal. About 4 years of his life dedicated to keeping Caracal alive, previously giving up personal shares and money in addition, so if anyone is in deep it’s him, so of course he is going to fight this every step of the way to make Caracal a success.

Pplankoi, I for one can’t wait for re-list so you can sell up and move on as you suggested you would. Feel free to pop back here in 6 months so we can all laugh at you.

The $500k loan may not be the best deal, but it’s a deal and one that unlocks our future so I’m happy we have it. With the PoG only going one way repaying it shouldn’t be an issue by Dec 2025.

I’m comfortable sitting here now, yes it’s been a bit stressful over the last year or so, but now, that stress is gone and I for one feel a lot more at ease with my holding and investment here.

Back to producing in Q1, that’ll do me thanks.

Seriously. It is a fairly common comment by auditors .

@Bebeto

This is standard comment made by auditors if they feel the company does not have sufficient funds to continue long term. I’ve seen it in many audit reports for quite a few companies and those companies are still going, some have done well and others are still in the same position.

We know GCAT has the ability to raise funds when needed, as proven over the last year or two, so this statement by the auditors does not concern me.

SYME had a similar statement in their report, weeks later raised $1.8m.

Stop scaremongering and making something worst or bigger than it actually is.

Audit now done. Let’s allow a bit more time for the company to get things sorted, get thee Cynergy funding in and get in with the task of mining.

Seems like things are (finally) close now so not much longer to wait. FCA prospectus etc by year end too hopefully.

Regardless of people’s negative opinion of RM, he’s got a lot of personal wealth invested here, he’s not giving up, many other companies directors just throw in the towel, screw shareholders and walk away with their six figure salaries draining companies funds. RM appears to be working hard to keep this alive. Of course he’s got things wrong over time, he’s not the only director though so not all the blame is on him, or shouldn’t be.

I’m relieved the audit is finally sorted. More steps to go but getting there at last.

Bebeto, maybe a bit more knowledge and understanding of these things will help you in time when reading audits and the like.

Hopefully we get one towards the end of the month. 29th Sept last year.

No doubt it will be full of the same stuff!!

I do recall AZ saying that we will only get updates on progress on each quarterly or half yearly reports and not every IM or step forwards would be RNS’d

If this is the case the we can only buy hope for a decent update this time. Can’t say I’m that hopeful.

2 or 3 weeks to wait

Whilst delayed I can’t say in concerned about the funding coming through. The investors don’t get their share of the company until the second tranche is received so, whilst a bit late, I’m sure it’ll come through very soon.

Just re-read the RNS and it does clearly state 29.9% of the share capital 0f the company, not just of any placing.

Just goes to show, read, re-read, and keep re-reading to ensure you’ve got all the detail correct.

Either way I don’t think it matters much, if our investor, Cynergy, want to hold that many shares fair play to them and makes them even more determined to make the company successful and profitable to get the best returns going forwards.

Cynergy don’t get a 29.9% share of the company. They are entitled to take up up to 29.9% of any future share issue if the company do a placing to raise funds in the future. That’s not a 29.9% share of the company overall, merely up to a 29.9% share of any future placing.

Agree Swampie, TZ either needs a JV approach or a a chunk of cash to develop it to production. If the get Kili producing well on the next 6 to 9 months then they will at least have a decent revenue stream for some of the cash and maybe a fundraiser by way of a plain for the rest.

Let’s just get the next few months out the way and ensure we’re on the right track before getting ahead of ourselves. Lots of positives though.