Member Info for Legalwolf

Is anyone in email comms with the company, and if so, are they forthcoming on the otherwise lacking details?

Great discussion folks, very balanced in terms of pros and cons, and not shirking away from any negatives. I agree with pretty much everything that has been said. I do recall that the move to Pit 1 was delayed, but can't recall why exactly. So not sure they were ever expecting to get to 1koz without it.

In a way, it's now sort of out of management's hands, in that they have/are implementing a strategy, which no one takes issue with, but of course they can't control the grades in the ground. This stategy needs only a few more months to prove itself. In the near term, it will stand or fall on the performance of Pit 1 operations. Summer is almost upon us, so not long to find out. Waited all this time, so what's another 8 weeks?

Not worried about the gold price. Think there's just too much stuff going on right now across the globe for gold not to remain elevated for at least the next 6-12 months, which is ample time for us to get some decent returns here.

Yes, not unusual for a junior to purchase a Rig. Think ECR ended up with two Rigs and KAV also has its own Rig.

I think even GCAT managed to own a Rig (albeit went bust shortly afterwards 😂 but think that was to do with poor management decisions rather than the Rig purchases!)

50MA is around 14.5p and 200MA is around 18.3p (and heading lower). As I say, next bit of positive news should hopefully close the gap to 18p and take us into uptrend territory. All imo and GLA

These pharmas can do well when the rest of the market is subdued, like it feels at present.

I think I last researched this when Swissy last tipped it. Decided to go for GDR instead as the BOD came across better than GENI's. Turned out to be a good call as GDR multibagged post placing. Well guess what, GDR has just placed again, and hence it might also be worth considering whether a similar scenario is setting up - although I don't know what the upcoming newsflow is there.

What is the upcoming newsflow at GENI and timescale roughly for that newsflow? I will take a closer look - thanks

No not bought in. I'm not really a day trader, and look more for opportunities over a longer period. I also don't like chasing stocks after they have already made a big move. That doesn't usually end well and is fomo getting the better of you. But all that said, if it makes a decent pullback after clearing the next resistance level, which then offers the possibility of swing trading gains on another leg up, then I will of course consider it if I have funds available at that point.

Do they have plans for further drilling at Sanankoro, or is it now mainly focussed on building the mine?

I'm no expert, so take this accordingly and only really for chartists, but it does look to me like supply is progressively being squeezed out and we are looking at making a higher low within the long trading range. If so, that usually portents another move up in the stock. If this pullback holds, we will breakout and make a further leg up. Now that leg up will take us above the resistance and hitting the 200MA, which is the key technical level to signal a bullish change of trend.

The question for is whether this next move up happens simply after supply (inc weaker hands) has been squeezed out, or will need the next RNS to trigger it. All imo and dyor

(Of course, we could make another leg down to test the bottom of the range, but I don't think that is all that likely given that we now have the 50MA in the way of that happening?)

Good to see this doing really well. A proper junior gold company with a proper and compelling gold project in Sanankoro. The jurisdictional issues stopped me from buying back in, which I'm obviously now regretting, but I have always kept it on the watchlist because of its undoubted potential.

Hopefully that permit comes in and it can motor on to the next level. GLA

Think you have lost the plot. GSCU only gone up 250% and is now consolidating. It's a very different chart to Bres. Nothing goes up in a straight line.

We all know that most juniors have to raise - that's how AIM works. The point I have been making, as you well know, is that we want these placings to take place at higher levels in order to make it a worthwhile investment. Alternatively, to swing trade around the placings if the next raise is likely to be lower.

You can't always predict these things, but if you want to be a longer term holder, you should at least be trying to adopt a strategy of avoiding companies that are going to raise at lower prices, until you think they are about to reach that inflection point and go on a run, whereaby the next raise will be at higher levels. Otherwise you are throwing good money away.

This is very basic and I can't see how any sensible and worthwhile poster/investor would take issue with it. But then I see that you bought in here 5 years ago. Who in their right mind sits it out for 5 years? Now you should really own that mistake and learn from it, and not take it out on others and start stalking them on other BB, which are the actions of the unhinged.

Anyway, I will hit filter and if my posts bother you so much, I would suggest that you also hit filter them. Lot easier than going on vacuous tirades and stalking. 👍

Excellent result with the bonus of oil. Time for this to begin its re-rate?

Err... wrong company pal. GSCU raised only last month! This will rise into phase 2 drilling results and nothing goes up in a straight line.

If you're referring to GSCU, they raised only last month, that's why 😂

Good for you Rob - I doubt it will drop much lower with Pepas North drilling about to commence, but excellent prices to enter or add on. Even Seingred agrees with that.

JC/SW - firstly, it goes without saying that I wish you both the best with whatever you decide to do. The one thing GCAT has had, is some really good posters, of which you two are examples. In fact, it was a really good BB before things went south. I suspect the problem with trying to make unemotional decisions is that many will end up being rattled by the immediate share price volatility on relisting, and as you say, MM might well take advantage.

As a potential new investor, what I will need to think about is how quickly GCAT can rise from the ashes. The last thing I would want is to chuck money at it thinking it's cheap, only for it to then take another X months to get the Kili mine up and running again with placings in between.

For me, they need to come back to market with funding already in place to get them into profitability, because the prospect of dilution will just seem like regime change but otherwise 'same old'. No point buying at 0.15p on any relisting drop, if they will then place in a few months at 0.10p.

So need to see what the plan and funding situation is. Although I didn't trust him all that much, RM has managed to whet the appetite when it comes to GCAT expanding its resources, particularly with Vim Rutha. But that expansion (i.e. exploratory drilling) isn't going to happen until much later in the process you would think.

Overall, this could be one that falls, then remains in the doldrums for a while, until it rebuilds and regains market confidence. Might be some good trading opps in it though?

Are we likely to see a drop to monthly production in April and May due to the exhaustion of Pit 2, and the time it will take to get the production out of Pit 1?

It is very tempting at these prices isn't it? I told myself I have enough already, but have been mulling over adding some more including by reshuffling funds from elsewhere.

The company is fully cashed up and is exploring a really exciting prospect, with highly encouraging pre-drilling results, which type of preparation previously resulted in the Pepas 'at surface' discovery. There are no guarantees with exploration of course, but having had similarly encouraging pre-drilling results from Pepas North, there is every chance of making another discovery here, and if so, it could be an even more compelling one. So that's what your buying into here.

Looking at a double bottom bounce off this range low, in anticipation of Pepas North drilling results. Whether we make new highs will of course depend on how good the first few drill holes are.

The importance of the payments goes beyond just the needs of the DFS, which can be funded without them. It just puts the company of a much firmer financial footing and probably fully funds it all the way to project funding? It means it can release all the positive newsflow into a much more buoyant sentiment, becase people can expect share price increases and are therefore much happier to buy, hold and add on the way up. The prospect of further dilution at lower prices just prevents this happening.

For example, I have two companies that are going great guns right now. With the first, I am confident because it is raising at higher prices and I am seeing returns. With this company, I am happy to add on any dips or on any placings. With the second, I am not so confident that it will raise at higher prices. Therefore, I don't have the same confidence for holding/adding.

With Bres, its a case of getting into a situation where buyers can be confident that the next raise will be at higher levels and there will be lots of positive newsflow in between. Getting $1.5 million from the DFC goes a long way towards doing that as it removes the uncertainty and gives a much longer financial runway for lift off. That's not to say that it can't or won't happen without the payments, but the payments obviously make it much more likely? All imo and dyor

I think you can expect a big drop on this relisting. Simply too much water under the bridge and there will be lots of holders desparate to get out with something, anything. Much will then depend on how credible the plan is to get the whole operation up and running again, and at what cost, including dilution, and timescale. On top of this, how much overhang the company will be saddled with from existing dilution/deals.

New investors will be looking very closely at all this, and might not be willing to touch it for some time, if at all?