My take on gcat14 Jan 2023 15:43
Obviously I won't know the quarterlies until the AGM.but to not report when it was due can only be bad,followed by RNs Friday 4.30,in this macro times funding is appalling.seen so many companies try to raise but it's not worth there time,some have gone into admin and been brought there.i was in made.com but managed to sell before the dreaded RNs,but I knew the risks and was very lucky to get out.i see this playing out with the board diluting to pay the next due bills,i.e a temporary plaster.so the price will only go down until the AGM,maybe some big buys to try to take advantage .but the overall picture is that you have a mine valued at 60 mill with 10 years lifetime,so as a long term investment by me,I see an entry point of 0.3/0.325,that would be a good buy ,I personally see a joint venture where someone will come in and help,then we will rise,to think caracol was asked to give up there licence for a big loan of 10mill as a guarantee was appalling,the question is did Robbie bat this away or was he gutted he didn't get it.i hope he batted it away and can find another way,but the only choice he has now is dilution.i saw this rise from 0.40 to 1p and back down to 0.5,but it will fall further until the AGM,so the wise people will wait for the fall to buy into a 60mill mine and hope for a JV or sale or a very heavy plaster,hope this is a balanced view,if not this is going to be my statagy