Member Info for Legalwolf

Yes - and one of the biggest, if not the biggest, drivers and shapers of sentiment is the share price and its movements (however those movements are caused). I've made the point before and today was just a textbook illustration of it.

I was thinking myself whether the regulatory compliance issues with GCAT would be a "due diligence" concern for any potential financiers? No properly advised company is going to put £7 to £10 million in financing and just turn a complete blind eye to the regulatory issues. If they did that, the advisers and the BOD of the financier wouldn't last very long in their own jobs. So this suspension is very poor performance on the part of GCAT, because poor compliance in the midst of a financing negotiation actually puts that financing at risk. I actually can't believe that GCAT have allowed this to happen, and it does lead to all sorts of questions and surmising.

9.5 million buy gone through at 0.8p. That's some fill!

I wonder if they have hit something already?

RJ - "As for your comment LW I'm surprised given your trading knowledge that you don't realise that mornings are often bullish and then bearish later in the day."

Where in my post did I not recognise this, or even seek to comment on this? I was making the all together different point that the mood and views expressed on this BB are often influenced by the share price, as they are by any sensible and rational analysis. For example, if I had a spare £500k and decided to chuck it into He1 this pm as an experiment, and create a sharp movement in the share price towards 6p to 7p, the mood on here would be totally different. People would take it to mean that the Rig is drilling again and all sorts of other bullish posts would descend and the word "discovery" would get another airing. On the other hand, if I already held £500k shares and decided to sell half, causing the price to fall to 4p, it would be interpreted to mean that there's a problem with the Rig, all sorts of other bearish posts would emerge inc the Itumbula drill. This is the (only) point I was making.

Nothing wrong or unusual in this, it's human nature and therefore the nature of all such BB. Knowing this helps then in dealing with the "noise" and the motivations of (certain) posters. All imo and dyor

You can track the comments/mood on here by looking at the share price. This morning's posts were more upbeat as the share price started more positive. I come back hours later and the mood is rather different.

I personally do not think that He1 would or should just leave everyone in the dark and guessing about the Rig. Whilst it doesn't need a RNS, the very least they could/should do is to tweet from the site if the Rig is up and drilling again. To me, the fact that they haven't would suggest that they haven't resumed drilling yet. I mean, they have used the twitter during this well, and resumption of drilling is a logical point to tweet as any other tweet they have issued. All imo and dyor

I’m not sure. Think they would have at least tweeted if that’s the case?

Very subdued ‘discovery’ interview from £1 million man. Almost like he knows their discovery is likely to be non commercial.

Wyn - I thought the same. It’s the most subdued I’ve seen him in 6 months, apart from the very end when the interviewer asked him about Xmas. He certainly didn’t seem like the cat that has the cream - given that he has £1 million of his own money invested in NHE. Seemed like an attempt to manage the share price to me. Also did I hear correctly that he’s left Tanzania?

The joke was about the silliness of trying to second guess based on words used in RNS (and before then, the demeanour in video clips).

It was meant to be a light hearted joke rather than a serious interpretation😜

Just checking in and not listened to anything. When are ECR drilling next and where?

I will listen to the Q&A over the weekend, but in the meantime, can someone who already has confirm whether or not the Prospectus will be sorted out as part of this suspension process? The reason I ask is that the Prospectus was one of the precursors to me reinvesting here (the financing being the other one), and so if that is close, even though the financing isn't, it's at least noteworthy progress from RM/GCAT in at least one of the two main milestones?

Noble said they were "very encouraged", whereas He1 said they are "pleased". I'd definitely say "pleased" is higher up the excitement scale than "very encouraged". And when you put this together with their respective body language at their respective most recent video comms, LB definitely looked much happier than Noble.

Therefore, He1 = discovery, and Noble = duster. All imo and dyo (body language and lexicon/semantical) research.

Looks poised to pop to the next level? I'm now being quoted 0.85p for £1k. Context is that they are currently drilling in known gold areas and have the £6 million financing (at 1p) all sorted now. Some 'under the hood' volume coming in as well in more recent days, but still needs more. Definitely one to watch imo and dyor.

Just been quoted 0.84p for £1k now. This is about to pop/breakout to the next level.

At this rate, there's every chance we might get to 1p just as things are. Price is ticking along nicely, and just been quoted 0.85p for £5k, suggesting it won't be much longer before the stock in the 0.7s is soaked up. If we get to 1p without news, then that's an even better launchpad for any positive RNS to land into from this Zim drilling.

You copied a post from a first time poster and changed the title? Hmmm 😉

The strike off and suspension do you leave you asking what good was the governance review that was carried out earlier in the year? Tokenistic PR/appeasement exercise?

Makes the Rig purchase all the more understandable and smart. It will be the obvious go to for all these other operators in the region given the connections between them, and in any case given its locality. Mates rates and all that....

Lol - have you just unintentionally just outed yourself here as a multi nic? In which case, more Foolio than Folio I would say🤣

I agree with the general timeframe. To be honest, I'm as excited by Karakubis, as I am with this Zim drilling. The latter shades it only because of the expected rise in the POG over the next quarter, which makes a project like Zim all the more timely and exciting, and any early gold strikes will be much better received than say if it was this time last year, for example. All imo and dyor