Member Info for ID78

Jerseycrew it tells me you have lots more shares than me :)

On a serious note, that is a good sign and I was thinking earlier how it is beginning to feel like this is the bottom, although you never really can tell!

Mickey, it’s frustrating but much has been achieved in a short period of time. If the timescales are aggressive and they miss by a week or two then so be it. The pace at which they are turning Kilimepesa around remains impressive.

Of course, those numbers in that report are most important and not the date of release. We just need to be patient.

It would be nice for them to release the batch 3 numbers whilst we wait on the MRE…

GLA

That’s what I would have thought (price sensitive)

And to be fair they tend to release news as they have it.

Nothing for it, just need to wait a bit longer. At least they responded to your message Predator7.

Thanks Greg.

So are they perhaps looking to resolve the Red Ray dispute and announce along with the EMR?

Or are they looking to release the EMR along with the NAE listing to give the listing a healthy tailwind?

Just need to wait and see. I didn’t realise FB was preparing the EMR.

In answer to my own question it is not passed to a regulatory body for approval.

The EMR is the sole responsibility of the competent person preparing the report.

They had seen the upgraded MRE?

If this MRE is JORC compliant then it is prepared by another (independent) company. Perhaps they have seen something they need to rework in checking the MRE

or (and I am clutching at straws) does it need sent to a regulatory body to be validated?

I can’t think of any other possible reason for the delay.

This is not the Swiss rail system - that did make me laugh. At least they aren’t like the Scottish rail system and taking industrial action over pay.

Ultimately your post says it all, we are in the hands of a 3rd party and nothing can be done by RM or anyone else so we have no choice other than wait on the 3rd party doing their job.

I think so too, Greg.

But the point of those number is that 1,000,000oz is not that far away and (hopefully) easily reached.

Let’s hope we get the MRE this week.

GLA

Numbers don’t add up.

Current resource is 672,000oz with 140,000oz Red Ray and 532,000oz in the hill.

1,000,000oz -672,000= 328,000oz

328,000oz increase is still a 61% increase on the 532,000oz in the hill

p.186 of the prospectus there is a table that shows half the gold they think is in the licence is in the hill, at a 1g/t cut off grade.

Also in that table, the average grade in the hill is lower than in the other areas, so lowering the cut-off grade may have the greatest affect in increasing the resource at the hill location relative to any of the other prospects within the licence. (There is maybe more lower grade gold in the hill than elsewhere in the licence)

Also, initially the strike length was planned to be 1.875km which was increased to 2.575km.

I do think the EMR could hit 1mill oz, but to try and be conservative I’m saying that includes Red Ray, which is 140,000oz.

So all that drilling and lower the cut-off grade needs to find

1,000,000-641,000 = 338,000oz

- an increase of 61% of the current JORC gold in the Kilimepesa hill (541,000oz).

I just feel a 61% increase is not beyond the realms of possibility but ultimately we don’t know anything till the MRE lands.

Thanks Greg, appreciated

- meant for Greg

Did you say something about a 3rd mine but the SP
is too weak for them to make that move?

It’s the first I’ve heard of it, where did you hear this?

It certainly sounds like they are trying to repeat the success of Endeavour if this is true. Not even a year old and plans for gold 3 mines?!

Only one share, it all healthy and constructive discussion.

Thank you (all) for posting.

ATB,

They look like HL pads. The scale does look correct, when you consider the 4 small pads.

So you could well be correct, APG, under construction but commission in Q4…

Yes true, Greg25.

Probably just barking at a trampoline then, nevermind up the wrong tree :)

Looking at the pictures on the website… I’m not sure if I can see (top right corner of one of the pictures) … 4 smaller HL pads, and 2 larger pads.

Could be barking up the wrong lamppost, nevermind tree, but The 2 large pads will be split in half to form 4 x 30kt pads (based on the size of the 4x20kt pads.

Point is- it looks like construction of plant 4 has started.

I wouldn’t be surprised if he is invested in two or three other other gold share with a low MCAP, but he certainly seems most bullish on GCAT….. no other TR1s that I can see out there

He certainly thinks the MC is very undervalued!

Thank you APG, I can’t see where you’ve dropped a cod in those figures, great work.

Greg25… I was thinking that myself last night when you mentioned endeavour (>£1bill MCAP for GCAT could maybe, just maybe happen if you invest long term). Anyway, let’s get above 1p for now :)