Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
@BBB sorry but there is no evidence at all of the company being in a strong position. SP is at the lowest level in years, press interest is zero, cash is being burnt without apparent reason, company strategy unknown/missing, exploration stopped, Ecuador in turmoil, employees stealing from the company, high turnover of CEOs and executives..
I am still invested and I have topped up at 8p but I would feel and idiot if I were to say "we are in a very strong position". Reminds me of that lady who used to repeat "strong and stable", it didn't go that well..
Scott, prove me wrong, please
They are good with pictures and tweets. But unfortunately to run a successful mining company you need other skills. I am fed up to see tweets about how busy they are producing and 1) we haven't seen a production number in months and months 2) it's clear they don't produce enough even to keep the lights on, given the shocking financing deals they signed.
Also, every other day they keep saying how well the audit is going and how close its completion is. In the meantime the share is still suspended and most shareholders, me included are 50-70%.
I'd like to say this on the GCAT telegram channel but the happy clappers would get me banned in no time..
Presentation over already. Eric spoke with a monotone voice as if he was reading the shopping list. No info on the timeline and process of the offer, he focused only on operational progress and financial. Neutral to negative spin throughout the call. He's lost any professional credibility
When I saw the "financing update" title I assumed we finally sorted the deal we are pursuing for over a year. But no, we are going to a pawnbroker who is going to lend some spare change at an extornionate interest rate just to keeps the lights on for a little while. No info on the progress of the actual funding deal. Shocking. Thankfully the share is still suspended.
What a disgrace
Sorry guys, despite enjoying the nice pictures posted on twitter, showing that there is some actual mining activity ongoing, we know ZERO about finance, operational progress, funding, prospectus, permits etc. I am sitting on a paper loss of over 50% and for months and months I haven't read any hard facts on an RNS. Almost 3 months of suspension for what at the time was sold to us as a trivial matter.
Yeah, the CEO seems like a nice bloke and a genuine one. I'd like to have a pint with him but i am no longer sure he's the best person to run a gold mining company.
Now some simpleton will tell me that i am a paid deramper, go on, I am ready
@GGG
if, as we all hope and expect, the current bid is rejected, I don't think Mr Patel would risk by increasing the offer by a paltry 10%. I would think they'd go at least for 16p. And hopefully someone else (the chinese?) may smell a bargain and come up with a more reasonable offer. Fingers crossed. Definitely not selling now or for just 13.65!
I nearly forgot... Eric, if you are reading this, know that you've just lost any credibility with this move. I was a great fan and I always appreciated you and the work you have done but this is just unforgivable. I won't invest in any of your future new ventures