Member Info for Legalwolf

Or carry on actually, you're only making a fool of yourself in the process.

Have you managed to hold onto your shares in recent days, or have you panic sold anymore, you seasoned investor?

RJ - give it a rest man. It's getting boring and predictable to read constant "shorting" paranoia posting from you. I know Coco is gone, but you don't need to fill in the clown vacancy/void he has left behind do you now?

I've made clear that I sold out on the placing fears that I had, and have NOT bought back in since. I wouldn't even know how to short to be honest, or have the sophistication to do so. So give it a rest with such lies and falsehoods!

Gosh - what's happened here? Whatever it is, very happy for the LTH and hope it continues for you. GLA

Hate to say it AG, but it's time to face the reality that the GH project is not going to bring you a return on your investment here any time soon, and likely at all. We've spent most of this year agreeing that it needed binding offtake and/or financing to move the share price needs, and neither of those milestones is going to be achieved in the near term. Two years is a LONG time on AIM especially. Therefore, I think you need to reassess this and consider whether Thar Coal or Australia gold have the potential to bring in some upside - I've not followed that Thar coal all that closely so can't really say whether it can come to the rescue here. Not sure about gold as that's mostly been given away and will take to prove up with limited resources of the JV partner.

And then of course the overarching issue is whichever project is going to be progressed and prioritised by ORCP, how does it get paid for, whether its Coal, Solar or Hydrogen. Overall, it's really not looking good here at all, and once those placing shares land later this month, I can see further pain ahead. Naheed has little credibility left with the market. Her non binding RNS are not cutting it, and are making matters worse as they just eat up more valuable time and money, and not sure what binding RNS she has coming up either. But up to her to explain at the Q&A. I think it will be a car crash myself.

All imo and dyor

The share price will go down if they don’t announce anything to keep it up. That is regardless of any placing shares. It’s silly to expect otherwise. They need to announce where they are drilling next or an asset sale to avoid that or maybe the exercise of hurricane option on revised terms?

Blubay - they raised at 6p when the price was hammering away at 10p. I'd say the broker easily won that fight and wonder how much of a fight was put up at all?

Share price underperformance is all the more surprising given how few shares in issue there are here, compared to other equivalent juniors, and factoring in that ~ 30% are in the very sticky hands of BOD and institutions.

I think it all depends on the share price. It represents the mood music and plays a big part in whether people are feeling half full or half empty. Whichever camp you sit in (either trusting RM re financing, or less trusting of him) it does seem clear that the share price is also now waiting for financing/news to land, as buying volume has dried up, even though the share price is making new lows. There is no fomo or buying on anticipation of newsflow. This to me might be taken to suggest that the market has a high degree of scepticism or doubt about the matter. This could be general market wide caution rather than GCAT specific. All imo and dyor

Let's see Dan - it's very early days. So far, it's gone exactly how I thought it would, so I have no reason to believe otherwise. Let's see where it is month end.

I think BT indicated that KAV would commence drilling around nowish with its own Rig in Zim? If so, it should signal the start of decent newsflow here for the next 6 months at least in the following order - financing completed - Zim gold results landing - and then copper exploration in Q1 at Karakubis?

She needs to be asked the following:

1. What are her specific plans to avoid more dilution at lower levels?

2. If she has no such plans, how can she expect shareholders/market to buy shares, because it's a losing proposition if she is then going to undercut their buying with another placing?

3. When are shareholders going to see a return on their money?

Anyway, it's all a load of bs anyway imo, as demonstrated by the 'finance can' being kicked down the road by two years. Another two years (at least) of more globe trotting lifestyle ramping for the GH project by the looks of it, made up of studies, MOU/LOI and jam tomorrow stuff?

One can only hope that Thar coal somehow comes to the rescue here in 2024, because the other projects are just too far away from share price moving inflection points on today's presentation. All imo and dyor

Looking at the chart, it does look like this is heading towards the placing price, unless they release something buying worthy soon. Currently retesting the support at 0.2p. All imo and dyor

If the delay is longer than two weeks, I would imagine they will need to update the market. If they don't, the market will draw its own negative conclusions anyway, so there is no point not updating the market. All imo and dyor

Louis10 - I'm sure it was the broker that dictated the strategy. She's just a mouthpiece and acting on instructions imo!

Might be worth getting the company OTC in the US in that case. There will be a lot more investors over there looking at critical minerals list explorers who have received Govt funding.

It's interesting that every piece of news gets sold into. This could be pure trading, or it could be price 'manipulation' by a large player or two?

Dan1605 - yes they could announce all sorts, but to be honest, I think only asset sales or drilling plans are likely to move the needle. Sentiment and patience in ECR is worn out. To get the market buying here again and in sustained volume, rather than short term pump and dump spikes as is happening at present, they need to return to the traditional model of having an exciting project and drilling it. Only Hurricane and Lolworth fit that description at the moment, but can't see either of those being drilled until next year? Which means the share price could 'suffer' until then?

MR is clearly emphasising the non dilutive aspect, and that Bres is fully funded to get the next $1 million from the DFC. Is Bres listed OTC in the US?

I've always wondered (and hoped) that Tesla would show an interest. That would be a game changer!

Just read Blubay's 8:06. Where he says: "We can assume that HE1 believe they already made a deeper discovery at Tai (unconfirmed) on the first drill. They need about 3-5 days more drilling, plus estimated two weeks for testing to be sure of it. Fingers crossed."

Blubay - have you now actually read the latest CPR. If so, how do you reconcile the above statement with the COS in the CPR, which incorporated the results from Tai 1. I'm genuinely curious to know why you believe the above, because the CPR page 32 states:

"The Karoo Sandstone, Lake Bed Formation and Nsungwe Formation have each been assigned an overall geological chance of success of 14%. The weathered basement interval has been assigned an overall geological chance of success of 10% due to increased reservoir risk."

What am I missing or misunderstanding here? All imo and dyor

StM - that she is!