Member Info for Legalwolf

I've added in the 11s today. Looking for this to close in the 12s, and then it's off to the races hopefully.

The Stockbox is out. Things are getting very exciting here.

https://www.youtube.com/watch?v=uO0stKxu3XU

If there is a consortium, presumably they would want to know the outcome of the Loukos drilling which will likely have an impact on the value of the company. Would they also want to wait for Anchois drilling and FID?

Don't tell me are going to see the 7s again. Remarkable given we have just commenced drilling and have plenty of newsflow to look forward to over the coming months.

HEX does look like it's getting ready for it's next run.

I think if talks had broken down, we would have heard by now. The longer it takes, the more I'm inclined to believe the outcome will be positive. They might need more time to get the paperwork over the line, and I agree with PFG that if that is the case, it would be good to get an interim update unless the definitive update will be ready by month end (at the latest).

Looks like Zak agrees:

https://zakstraderscafe.com/bulletin-board-heroes-may-12/9368/

Spread is very tight and Bid is at the highest its been for a while. Looks as if it might be readying to breakout into news. Let's hope so and GLA.

Swissy/PP - Zak Mir has KAV potentially getting to 1.65p this month. It was retweeted by the CEO BT. Let's hope so hey!

https://twitter.com/Share_Talk/status/1783034741240758636

According to good old Zak Mir! Retweeted by BT - does he have some more newsflow incoming for us?

https://twitter.com/Share_Talk/status/1783034741240758636

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?

Looking poised to make its next move. Next week will be interesting! GLA