Member Info for Legalwolf

"But this phase He1 has shown no interest in the share price only getting the drill done..."

Yes, that's probably true. Shame really, as ~ 6p into results has been distinctly underwhelming. It would NOT have been this low if they had reported gas shows imo.

Still for those waiting on the sidelines for TD/results, it's probably the best outcome/approach. (I just don't understand that they are trying to give a nod and a wink through tweets, yet at the same time sitting on good news.)

Anyway, we'll find out soon enough now.

Yes, but what is rampy and misleading about telling the market about Helium shows? Or put differently, how does it become less rampy or less misleading to tell us about the Helium show(s) on Friday/Monday?

I would have thought they would have been very keen to release Helium shows after the problems they had with the Rig. I mean we have had people claiming they have been leaving clues and hints in tweets and Mike’s video clip. None of it makes sense when they could just RNS that they have encountered Helium shows.

I doubt the conference has anything to do with anything. This drill is behind schedule and that’s the only reason it might coincide with this conference.

Doesn’t look like they have had any helium shows? Otherwise they would have told us surely?

Arguably one things, she is not doing well is managing sentiment or the share price. For example, if they have encountered helium on the way down, then they have obviously decided not to RNS that. I’m wondering why and how holding back on any Helium shows has helped the share price/sentiment and is a much better approach than informing the market only days later as part of a well completed RNS?

OT - good post. Who cares about the past, unless you're a disgruntled underwater holder. Lots of them around at the moment given the fall in the sector. But I couldn't care less about the past. I'm trading the market TODAY, looking for what are good propositions TODAY. Kav at 0.7p, with exploration at Zim, Karukubis and Ditau to come, is easily a good proposition as of TODAY.

First positive RNS should land her tomorrow. All imo and GLA

PP - Yes, very unusual to announce a suspension 7 days in advance! Opening the door to their own share price tanking!

KR - yes waiting for volume is sensible!

Hope none of you guys are in GCAT. Could be a bloodbath on its way there now?

Bloodbath or opportunity?

SoG - you've raised the elephant in the room there. Unless they offer some re-assurance, I think it could get very difficult here and even end up as pre suspension blood bath. I'm glad I decided to wait for the Prospectus that never came now, as how the hell are you supposed to know whether to stick or twist before this suspension.

I suspect the share price will make the decision for most folk. All imo and dyor

I know we say this everyday, but tomorrow's trading will be really key, especially in the first hour. If 6p can be set as a new support, then that bodes well.

Are folk still expecting a RNS this week, or might it now be next Monday for the TD update?

Well, nerves are really going to be tested here for sure. There was a very high volume exodus for the exit door immediately following the RNS, which does not bode well. I suspect this sell off could continue as people wake up to the RNS.

Do you exit before the suspension and whilst there is a chance, or risk it? Much depends on whether/what re-assurance GCAT offer at this time I think.

Would be interesting to scroll back to see who was ramping this just before the RNS landed. All imo and dyor

I think what's also intriguing right now is Noble. In the last two weeks, they have been giving an almost running commentary on their Rig situation. At least two times they have had me thinking that the next update would be "we have spudded", only to then update again. It's almost blow by blow/inch by inch commentary.

Makes we wonder whether they are waiting on He1 as well?

"I'm estimating only $2m of the $5.5m will go on exploration."

How many other juniors have anywhere near £5 million? Bottom line is that they have more than enough cash to complete upcoming drilling in Zim and Karukubis. Right now, we don't need to look much beyond this programmes, as the initial results will likely determine KAV's (and BT's) future. Can't see anyone being interested in the KCB if Karukubis doesn't come through first time round, as it is the higher priority and probability target according to DC.

I'm more than happy to take my ticket at these prices and see what happens over the coming weeks and months. Each to their own. GLA

"As a result, trading in the Company's ordinary shares on the Main Market of the London Stock Exchange will be suspended with effect from 7.30am on 1 November 2023. Suspension from trading will be lifted with the publication of the Accounts."

What's the purpose of waiting a week? Also, the accounts were audited last year, so wondering why there should be an issue/delay this year?

Last hour has actually seen some very large volume coming in at the end. Be interesting to see today's late reported trades.

Blubay - have a look at the chart. The current level is very key, and has historically served as, and switched between, both support and resistance. All imo and dyor

Very tempted RJ (a few times tbh), but managed to resist those temptations so far. Trading on fomo is probably the worst of all the strategies/approaches we have discussed on here.

Looks like a key resistance level this. Will it breakthrough or is this a final flush out before results?

Looks like Bres heading for a retest of recent highs. This time you suspect it might breakthrough because of the wider context?