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Hopefully this is different, but we do need to see it consolidating in the 6s first, something it hasn't done before. Assuming it does, then another poster has already mentioned it, but what is different is Bres seemingly and assuredly moving through the "orphan period" of the Lassonde Curve towards the "strategic investment" (which is the second sweet spot on the curve). Everything is being put into place, and there is high confidence and trust in the management to achieve all the steps required to get through this phase. So maybe Mr Market thinks now is the time for the share price to start to match the progress being made - but like I said, need to see it consolidating above 6p.
It's remarkable how anyone can criticise posters/investors here from having criticisms, concerns and deep mistrust. Just look at everything that folk here have had to endure in the last few years. Hardly a single thing has gone right. I've never experienced anything remotely close to this debacle with any other company.
I'm sure there must be at least one, but have there been many RNS or promises issued by RM that have actually then transpired in that way or on time?
Those of you defending RM or retaining faith despite all that has happened in of course your right and prerogative, but how can you not understand, let alone criticise, others who simply have lost trust and faith after everything that has happened and has to be endure here?
Whether this tanks on suspension being lifted will depend on whether it comes back to the market with as many holes and unanswered questions on the big topics, as has become the all too familiar pattern here.
We won’t need to wait until production. The re-rate will start once we start to de-risk it, with news such as offtake and financing. That newsflow will likely start in H2 of 2024. The market will move in anticipation of it and not after it.
Once people see the re-rate commence, it will fuel itself to an extent regardless of externals. For example if this rises to 8p, many people will start to jump in now based on FOMO and anticipation of the future gains to come when the production securing announcements start to come through. All imo
Such details will be revealed in due course, or not as the case might be. I think the recent RNS has basically setup another period of delay here. Who knows who is at fault. If GCAT didn’t have such a chequered past, we could maybe give it the benefit of the doubt. But it’s a company that just goes from one issue to another in an almost never ending drama. Little wonder it gives rise to sharply contrasting views on here.
There’s a lot of money waiting on the sidelines for Bres to start its rerate. That includes existing holders as well. It’s an extremely long base and these tend to be the best from a technical point of view. What will help is stock being tightly held as well. Can’t see too many letting theirs go for cheap gains either.
'Anyhow, given Robbie could come and curl a fresh turd out on your carpet and you'd still find a way to blame external factors, I'll leave it there'
Yes, but it is entirely possible that external factors could legitimately be blamed here (e.g. dodgy meal).
Clearly, the auditor and company are not on the same page here. It can't be lost on PKF that the company is suspended pending their audit, and whilst that is not their problem as such, you would expect the situation to warrant a level of priority. To not work on the audit at all for 2 months does seem like rubbing salt into the wound. And if there were to be consequences to GCAT as a result of any such tardiness, would the auditors not carry some liability for that?
Is it possible that the auditors are not happy with the information provided and/or are identifying problems, and won't be pushed by GCAT to sign off something they are not happy with, or work to a particular timescale/pressure in these circs? IF they were contemplating not signing the audit as a hypothetical scenario, for example, because that would be the death knell for GCAT, you would expect the auditors necessarily to take it painstakingly slow because of the consequences of getting it wrong, including for them. All imho and speculative of course!
Thanks Mischief. Plenty of opportunity still left to get into KAV as it will have lots of decent newsflow coming up and is cashed up. On the subject of winning opportunities, is pp's KAT about to stir into life?
Bid and Ask going up. We might well be approaching the last period to get in at these bargain basement levels. I'm intrigued to know what project they will have lined up for the new KAT. Will it be one of POW's? If so, the Tati gold project or one of its Uranium assets would do nicely. Or maybe something in Saudi, which is becoming a hot jurisdiction for mining. Or will it be a new project entirely from elsewhere.
6p paid. If Bres can hold at these levels, then it might well finally breakout of this large base formation that it has been in for the last few years. Any re-rate starts slowly and then gains traction as more and more people come to realise its happening and RNS start landing as well into this mix. GLA
Another good RNS from KAV 2.0. This is one of the few stocks in my pf that I don't feel that I need to worry about. Fully funded and will soon have 3 rigs on the ground proving up gold and copper projects. Majority of the stock is very tightly held. All shaping up very nicely indeed.
Hopefully the next update will push us to 1.5p. GLA
Another good RNS from KAV and another rise. Not often you get a stock that you don't need to worry about all that much and can just let it do its thing. Looking for it to get to 1.5p on the next update.
For a minute there I thought it was the GENI being touted on here! Shows that its still a tough market to raise in, which is why when you get companies like KAV raising at market price and without any warrants, you have to sit up and take notice. One protects your investment and locks in your gains, the other robs you and puts you at instant loss!!!
I wouldn't worry too much Swissy - HEX will be a great share to trade in the coming weeks and months. It will make moves in both directions, but with a generally upward trajectory. A lot of folk are making comparisons with HE1 at the same stage, which went from 4p to 28p before results at Tai 1. I do believe HEX will be a multibagger by the looks of it, and it's more a case of how many bags can be squeezed out of it.
Thanks Bebeto - curious as to how have they have managed that whilst in suspension and without authority to issue shares until the Prospectus gives them that authority?