Member Info for JerseyCrew

Quietly moving upwards. I see the company is tweeting today.

There are a number of ways to consider this:

1. Did you need to sweeten the pot at the outset to attract GBP in the first place? Remember that it’s GBP that has exercised this option. And well within the 3 month timeline!

2. CB will benefit by a lower cash requirement in the future

3. Remember his shareholding which should increase in value as time goes on and exploration/ results start flowing

4. He has in the short term derisked slightly

5. He has his name now pegged to this and has made the correlation with the Hav discovery. Nothing is certain but do not underestimate the value he places on his own reputation and legacy. This transcends pure monetary gain in my view for him.

The speed of decision making and commitment to starting work this quarter (sept!) is nothing short of warp speed in mining exploration terms.

Will it break $2600 this week?

Every dollar will go onto the bottom line when we start producing.

Any positive news is likely to see us bounce back to recent highs and hopefully we gain some stickier hands in the register in the process.

ATB

Thanks - that’s the one! A must listen for any interested party / investor. Aidan does a cracking job.

Or even feedback on some pre permit work - didn’t Aidan mention the possibility in his last Q&A? Does anyone know whether that was recorded?

And rights so.

Unbelievable that we are 50% down in just a few weeks but I am personally expecting that to reverse and then some in the near future as we start to get news from one of our JV partners.

I’ll state the obvious - that’s a near term bag for starters in my view.

Next year $3k is a distinct possibility

Just a thought - before the JV announcement with CB, the company tweeted about looking at other mineral opportunities - plural - I wonder whether we might get another left field announcement at some point? Pure speculation on my part or do they have enough on their plate at the moment? It would be interesting to understand what's in the BoD 5 year plan!

Thanks for the post Iwontell - its much appreciated. I didn't take offence from your previous post and certainly got me thinking about whether I am allowing myself to be baited or whether I am trying to clarify and distinguished opinion from what could be perceived as statements of facts by the casual reader. I think it's the latter but I am aware that we all have blind spots.

I try not to get drawn into the out right insult game - my observations on behaviour are usually prompted by something that needs to be put into perspective / context or just asking for clarification. As demonstrated below if you continue to ask probing questions, it tends to show posters in their true light.

As you say I think that we are on the same page with GCAT and with Robbie. If I had a criticism of Robbie is that he probably has been too much of a good guy in the past in trusting others to deliver on their promises - either within his workforce, the contractors, accountants or potential funders. Parties in each group appear to have let him down at some point or other and when there is a combination of events it has had significant impacts as we have seen. Ultimately he has been responsible and I think that he would never shy away from the fact that the buck stops with him. I understand that he has put everything on there line personally from a financial standpoint and therefore whilst undoubtedly there is a huge element of personal stake at risk, I genuinely think that he is very mindful about the impact on shareholders and takes that personal responsibility on his shoulders. At the end of the day it is going to be his efforts that get this company back on track - no one is more invested on every level. For those that think I am a rose tinted glasses individual - I am not - I am a natural optimist but at the same time a realist with decades of corporate experience. I have never ran a company but worked closely with those that did and feel I have some understanding of what it takes and the associated pressures. We are long overdue some luck here to accompany the hard work - most unseen and unspoken about by Robbie I'm sure - lets hope those with patience and prepared to continue to wait after we are resubmitted are rewarded. Lets also hope that those that wish to leave are able to do so.

Finally you are spot on in my view - there is gold in those hills and the price is set to get really interesting (higher) if what I am reading turns into fact - north of $3K should be easily attainable in 2025.

ATB

Come on Bebeto - if you are trying to insult me, is little man the best you have? Go on - give it more thought and have a proper stab at it.

Nice change of subject Bebeto - from one soap box to another. When you realise that you are on very shaky ground you quickly move on.

They are not currently producing gold that we know of.

The mining plan has shown a profitable business when the expansion is completed - this is all known information.

I am very hopeful that you can exit as well Bebeto - that would be great.

Late posts from yesterday morning - 0.9 paid.

More and more interesting - someone is loading up and going about it quietly. Coincidence with Aidan attending an investors event recently - maybe and then again maybe not.

Hopefully there will be more to follow into sticky hands. With a bit of luck we will get some news within the next 4 weeks or so. Very interested to hear how our JV partners are progressing - permits or not.

Bebeto - you often like to quote the FCA handbook - just what section of the Disclosure Guidance and Transparency Rules source book do you think would trigger an RNS requirement here to update the market? No doubt you will take into account the court case and verdict was in the public domain and given that on any day of the week there are PLC's going to court over commercial disagreements that may or may not be judged in their favour - do you seriously expect an RNS?

Maybe correspond with the company if you feel strongly and ask them for a statement on the issue? You may or may not get a response or maybe they might choose to make reference before they come out of suspension to qwell speculation and rumour. Who knows.

Typo - apologies - grew area = grey area

Thanks Folio - yes - thanks to both of you. I am mulling that over.

Bebeto - I think I might have pointed out before that we do not live in a black and white world - moreover and particularly in comms its a grew area and subject to opinion and judgement. You could and have presented a case to say that comms should have been better and I for one would certainly agree and I probably think that in hindsight that Robbie would also be in agreement. Now the nub of it is - do you really think that the FCA have the resource or inclination to get into a debate on nuances of communication unless it was proved that the company knowing lied to the market - and that would be a serious offence. Does every company offer a blow by blow narrative of what is happening - no - could GCAT have done better - highly probable. Has Robbie reigned in his comms style - certainly looks that way to me. We can continue to look backwards and debate the would of / could of / should of's - hell, we could all do that about our life and choices I suspect but it will not change the future.

It terms of $160K being relatively low - remember that there was a dispute - did the company expect to have the judgment awarded against them? I doubt it - did they have $160K lying around in loose change - I very much doubt it.

I have no idea what commercial experience you have Bebeto but GCAT is an under capitalised company as we know, with a great underlying (literally) asset, that needs capital to fulfil the expansion plan to make production not only viable but actually extremely profitable. That's where we are at this point.

If that event were to happen Bebeto, the likelihood of there being anything to go after is low to nil. Assets in another country - overseas legal jurisdiction - likely no local presence to coordinate. The only ones to gain for any action would be the lawyers in my view. I also hear that Robbie has put his personal wealth on the line here so good luck trying to pick the bones should that be the case. The fact he has put everything on the line underpins his personal commitment and how much he is willing to fight for GCAT.

Being a glass half full chap I am looking positively forward - I know that this will come as little surprise.

Apologies Dan - you think that the auction did take place - thanks

Thanks for clarifying Dan. I still don’t get why an auction was called off before an auction took place….maybe they realised that the company didn’t have legal title over the items over than the plant… conjecture on my part.

Bebeto - companies are in legal battles all the time - do you see an RNS every time one is won or lost? Do you really think the FCA have the bandwidth to keep track?? Keep to the facts or state if it’s your conjecture.