Member Info for Legalwolf

I think if they had good news, then release it first thing via RNS surely?

Okay thanks Mentalmax. Understood

Maybe they will release them with the results of the AGM?

Another one bites the dust. ECR continue to produce some of the worst drill results around, particularly in terms of widths. Time for a new geo?

I thought they were ready to drill at CresWick. Anyone got any idea how long permitting usually takes?

Invictus have secured if for 12 months. Can't see He1 waiting that long?

Just wondering why we are giving so much air time to this court case? I've not followed things as closely in recent weeks, inc this bb, so I might have missed it, but have He1 indicated recently that this remains their preferred Rig option and that they are waiting for the outcome of this court case?
If so, I would not be impressed to say the least (in fact borderline incredulous) as I think we just need a completely 'clean' Rig option, and not get ourselves entangled into another questionable Rig situation. All imo

Bebeto - absolutely right. I'm not making excuses for the lack of transparency/smoke and mirrors approach, but I like to think that the underlying motive for that has always been to protect the share price, whilst they tried to sort out the funding, rather than anything more nefarious/sinister than that. And I also like to think that once the company gets itself onto a more secure financial footing, it won't then need to engage in such an approach/and won't have as many skeletons hiding in the cupboard, to require such an approach. (I was hoping/thinking this even before the funding fiasco).

The chart is also fascinatingly poised and seemingly readying itself for Monday...

I think the best we can hope for re Philoro, for Monday, is confirmation that the re-worked plan is progressing with them and some indication as to its imminence/timescale for the first re-worked drawdown. As for any open loans, I haven't given up on the possibility that GCAT might be able to renegotiate/extend repayment terms with the lenders. Maybe this is a long shot, but you never know. It's not in the interests of those lenders to see the company struggle, and there might be some carrots that can be dangled (but not 30% interest or anything like that I hope) in their direction.
You can see the range of possibilities and permutations here (good and bad). Nothing can be ruled out or in from here, from the very best case scenario, all the way down to the worst possible scenario. That was makes it all the more all the more 'fascinating' in a way, and it will probably be the most important RNS update they have delivered to date - a defining moment/inflection point. Which way though?

The single biggest issue for me, and what I will be looking out for from the updates, will be dilution. Will GCAT be in a position to avoid it, whilst sorting out the funding? If not, what will be the extent of the dilution, and will that be it, or will they need to raise more in the future?
If the updates next week are favourable on these questions, that's a great start and I will consider reinvesting. But if they are not, or we are still left in the dark about this, then I will more than likely remain out. (I'm just setting out my stall to pre-empt any ramping or de-ramping accusations after the updates are provided).

I am sure I am not the only one who has been thinking recently - what could/should have been? Less than a month ago, we had so much to look forward to and a lot of optimism. Had the OCIM funding not fallen through, and given the early move up in POG, we would surely have been closer to 2p by now? What a turnaround it has been.
But, it could turnaround again, and if it does, maybe lth will look back and think it was all worth it in the end in terms of return on their investments.

Of course, I am hoping the updates will be positive for lth in particular.

I agree and have tempered my expectations accordingly. Given the fall in the share price, if there was significant good news to give to the market, then I think they would have released it and not waited/done the AGM in this way. As I said yesterday, I just hope we get the answers/information we need, good or bad, and are not left wondering about them even after the update. It would have been nice to have the information going into the weekend, to allow time to digest and discuss it. Who knows, it might even land post market today, although it looks more likely to be premarket on Monday.
Share price will move on the update - but in which direction? And is it a share the traders will want to be in or out of over the weekend? All imo and GLA

I wouldn't be surprised if we get another rumour tomorrow. The pack have been a bit quiet today. Probably working out what the rumour should be and how to make it sound credible. JV with Shanta Gold, IAG, Barrick even?

I'm not as concerned about the future funding situation. I think they will sort that out, maybe even within Q1 with Philaro, and certainly by Q2 with other interested parties. The main and more immediate concern is whether they will manage to avoid dilution in the process. For that, we need to know if our existing cash, and the mine, will generate enough money to keep things ticking along until the above funding arrives? And are our creditors willing to extend the existing loan repayment periods until then, if/as necessary? Whatever information we get by Monday, I hope we are not left wondering and debating about this. It's really quite fundamental, or at least will be to my own decision making.

Good post OOSM, especially the part endorsing me for Chairman, which shows your great judgement:-) Of course, I might need to make wholesale changes to the GCAT team, so there will likely be positions for some of the lth on here. But, you'll need to demonstrate a minimum of 6 months' experience of this bb to apply. And anyone named Clifford will be sifted out. A few others I can think of as well.

Even if this has been a lifestyle company for the BOD, isn't it right that the licence in question, and where they are seeking a partner, actually expires in September? And they have already had it extended. Therefore, doesn't this give some kind of back stop to any coasting along/life styling that the BOD might be doing?

It's an area where they need to really improve on this year, as there are a few examples from last year where they have maybe not reported things or reported them late. There might not be a conspiratorial reason behind any of it, and it might just be poor practice/oversight/workload, or some other reason. But it can be seen very differently by some investors and can be unsettling, as this bb demonstrates. Let's not forget the reasons the Chair has given for leaving as well. So if needs be, they should appoint someone to help deal with such matters, and ensure better and more timely reporting/compliance. I think Stockbox suggested this to RM as well. All imo

Not every shareholder is a member of LSE.

I’m not sure anyone on these bb is even going to the AGM. Quite a few weren’t even aware of it? I doubt they will be recording it either.
So we might just have to do with the RNS and any media that RM decides to do?

Oh well, no RNS but maybe we’ll get some rumours instead!

A concern of mine is whether they will even tell us about the conversion of any loans just right now? They have never mentioned them in RNS. RM mentioned something about the prospectus in February so will we only find out then?