Member Info for ID78

Lol….. I’m rubbish at that game!

Above 0.1p….. on a good run I’d guess 0.13 to 0.15p.

Hi Steve,

Isn’t there normally a min bopd before the well is profitable? In other words a min bopd to cover the expenses of pumping and shipping? So whilst 140 bopd, does this make a profit or loss?

Same thing happened at the start of the rise, Bamb, buys marked as sells. If the SP doesn’t respond today (to today’s RNS) it will certainly respond later in the week.

And then we are into July and days until the expiration of the 30day public consultation by the NDEP on the gold mine….

SP run up had nothing to do with the copper survey results. They aren’t ‘baked’ into the price yet.

The run up was the excitement about the environment permit and the impending gold production.

Expect additional movement for this additional copper news.

RNS like you said. Not a good one though

Hi Apro… the daily chart saw a bounce of the 50MA today and then a close (just) above the 100MA.

More encouraging there’s the possibility of a golden cross next week, daily 20MA passing above the 50MA.

Volume really is looking good too.

If anyone knows why my phone thinks badt is a word and vast is not feel free to let me know. Didgy iphones

Well we’ve made it onto the leaders board.

Anyone new looking in the story is this is a gold miner set up for production (ie plant bought and ready to go)… production starts soon.

In addition this is a copper play, proving up a hopefully badt resource.

SP on its knees and just starting to recover despite revenue earning imminently.

Duno if I agree with marketscreener….

Looks like 0.057 to 0.063 is the next sticky point then the 0.080s… gla

She’s having another knock on the 0.047p resistance.

Break it and the next resistance is 20% higher (0.057)…then a big gap to 0.083p

‘ I'd much rather 75% of something healthy than 100% of nothing!’

Not that I’m invested - but that was really the crux of it for me. Any worries about your investment - if you hold - should be settled now. So this is a good RNS in that respect.

Also, I think Apro your comment on Robbie is a good point. He has tenacity. He has t just thrown the towel in but kept fighting despite all the set backs. Some, I agree, of his and the rest of the boards own making.

Getting an outside company to execute the mine expansion. Well if they have experience and a track record maybe this is the best move. Confidence is low in the company and more hiccups along the way will not be met with a level head by many. So maybe there will be fewer obstacles of their own making outsourcing the expansion. Hopefully.

Good luck to everyone that holds here.

Yeah fair comment JC, I did think as I was writing ‘bet you only the lawyers win’

How do you prove the financial impact to the company. More importantly it is a distraction as you say.

All the best

Another question. This mess with the auditors has significantly impacted the company.

Can they sue and them for compensation once the audit is complete?

For me GCAT was at real risk of going bust. Now they’ve bought more time. Whether you agree or not this is good news.

One question. $5mill for the mine expansion. Is that all they need to complete the expansion. I’m sure they were looking at double this figure or more?

Flipping phone…. Stale holders not stake holders

*stake holders not stake

It’s a classic breakout if ever I saw one.

Breakout on volume, a pull back is stake holders use the breakout to sell… replaced by stickier holders… and off again. That’s a classic and lovely trend reversal right there.

But I’m sure you know that already?…..

All the best.

Hi APRO,

Credit where it’s due, you take the time and effort to post you don’t have to. It’s appreciated.

You and I know GCATs numbers never added up, so everything is a best guess but yours look to have a level of realism built into them. Keep up the good work. 👍

By the by, I was looking at ARCM….. and his has not been a good week there. Then again, the longer it stays low and the better GWMO does…...

As for GCAT. I’m out fortunately. What a nightmare!!

Back to GWMO and that chart. It really does look pretty, doesn’t it?! I use marketscreener which suggests resistance is 0.057p after 0.048p. I agree, to get past 0.08p we need to get production started.

Hi Edgar,

I agree, there a few gems on these boards. There’s also some right wallopers.

If you have ever been on the MATD bulletin board? Its awful!

Chart really does look great.

Breakout of downtrend 11th and 12th June followed by a pullback. Bounced off the 20 day moving average 2 days ago and it’s off again.

Currently the 100day moving average (at 0.048) seems to be resistance however we’ve only knocked on that doorframe the first time yesterday and we are testing it again today…