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Latest ORCA RNS shows 9%+ was reached on 22nd so TR1 is not based on buys this week (not saying they aren't building position further).
Clearly right now there is a seller offloading - can't last for long, only can sell once, and then once done we will re-base.
Frustrating - but natural evolution of price discovery.
Whiff of positive news and we rocket + great to see share register moving into sticky hands.
Jason inferred on interview circa 50% is in known sticky hands....
Maybe I've already answered on behalf of ST:
"c) well you'd expect they would want at least 50% profit - e.g. 2.4p and beyond"
GCAT:
- Share register nice and tight with circa 50% held by Directors / Senior Management and a couple off Institutional Investors including ORCA (TR1 today)
- Further German II in the pipeline...
- Warrants priced at 2.5p (current SP circa 1.3p) - clear short-term achievable target
- Nairobi Stock Exchange listing within 4 weeks. GCAT will be become 1st listed mining company in East Africa
- @Kenyan UK trade summit, British Foreign Secretary announced GCAT upcoming listing....lots of political support both in UK and Africa.
- Nairobi centre of finance and growing in significance, allows access to tremendous amounts of local capital which have few opportunities to invest.
- Only official producer of gold in Kenya, looking to identify other opportunities in Tanzania in near future.
- Potential formal update this week.....per Q&A with FLV
Key - Directors and Senior Management team boots on the ground....hockey stick growth coming....
They could have either:
a) invested under 1% as part of initial raise
b) invested over 1% as part of initial raise (but only just notified via TR1 - shouldn't happen, but does)
c) didn't invest in initial raise and paid up to 1.6p on 22nd Sept to build stake (over 20% higher than current SP)
Either way - point being is expect they aren't day trading....
a) or b) would meant they probably target 2.5p and beyond
c) well you'd expect they would want at least 50% profit - e.g. 2.4p and beyond
So yes - don't fall in love with TR1's but short to medium term very positive.
Apologies StarBright - don't follow your point.
Yes - they went from 0% to over 5% holding....
It's a good point but in the FLV Q&A session Jason mentioned ORCA in the context of share register being nice and tight with circa 50% held by Directors / Senior Management and a couple off Institutional Investors including ORCA.
So whilst anyone can sell at anytime - I expect they aren't here for a week / month flip.
Would expect they also were part of initial raise, so warrants around 2.5p would be potential minimum target.
Let's see.....also appears more interesting in Germany, so maybe more TR1's to come....
SamanthaB
Posted in: GCAT
Posts: 10
No Opinion
Valuation21 Sep 2021 19:26
Its valuation is akin to a Gold EXPLORER when it is actually a Gold PRODUCER.
Nearest equivalent company with simillar JORC etc has a share price 12x the value of ours
This is VASTLY (Cant stress that enough) VASTLY UNDERVALUED!
The stock will run to at least, at least 24p before stabilising (my opinion)
Greetings again ST ;0)
And agree…..healthy price action - always expect to see % of placees sell out with 30-50% profit, but dips get bought by new investors creating new base camp ahead of next ascent.
Strong buying of dip on Friday pm by next set of investors (or existing adding) hoovering up sales.
Very encouraging and onwards march back.
Buy the dip ;0)
PP
Steve - I honestly haven’t a scooby doo what you’re on about.
Adios.
Good luck all - great few weeks / months ahead ;0)
PP
Really????
You’re way off base - I’m helping to promote the share in the right way.
Shame - back to telegram I go, feel free to join group apart from Mr Marshall ;0)
PP
Great work all - momentum looking great.
Below is shareholding / free float I’ve collared from telegram group - under 6% ‘Free Float’:
Total Public - 20,990,187
Non Public = 408,343,750
Total + Non Public = 429,333,937
Shares in issue = 456,250,000
% held = 94.1%
Free float (not in sticky hands) = 5.9%
Ping me a DM on telegram (PlantPower) if you wish to add, or, ping here if happy to show and tell!
With such low free float, and diamond hands, SP will rocket on any material news.
MM’s literally have no stock.
All - even if you are considering slicing on news...do not do it in 1st few hours........
SP will rocket with any material buying pressure.
That said - I’m all in for 10p+ ;0)
Good luck all.
PP
Looking so good all - from collated holdings via telegram group - free float under 6%:
Total Public - 20,990,187
Non Public = 408,343,750
Total + Non Public = 429,333,937
Shares in issue = 456,250,000
% held = 94.1%
Free float (not in sticky hands) = 5.9%
If you want to add DM me on Telegram (PlantPower) or message here if you’re happy to show and tell!
10p incoming - diamond hands and we rocket on material news.
Good luck all.
PP
Or via tweet:
https://mobile.twitter.com/ajtrooper101/status/1383382533656612868
FOR warming up...
I’ve collected share holdings from telegram group:
Total Public - 14,367,691
Total + Non Public = 422,367,691
Shares in issue = 456,250,000
% held = 92.6%
Free float (not in sticky hands) = 7.4%
Still collecting from holders - update Sunday.
Moving on tiny buys now - any material volume will rocket.
News imminent on 1st securitisation.
PP
Response from Rob (CEO) to holder in telegram group:
“ Hi Phil
Thank you for your email. If the position had changed we would of course update the market.
Unfortunately the listing clearance and processes are not in our direct control, and inevitably we are in turn subject to any administrative delays which may occur. We continue to work on the second tranche in parallel, and we look forward to reaching listing. We’ll update the market as soon as that occurs.
Thank you for your continued support.
Kind regards
Rob”
Agree - looks great.
Circa 7p seems fair value vs peer (LIT - Litigation Cap. Fundamentals) based on £100m securitisation.
Per AJ Bell - In comparison times 4 on shares in issue and divide 80p by 4, 20p - but based on circa 300m securitisation.
That’ll do for start.
PP
Telegram group called Forbes Ventures
Or find me - PlantPower username
https://
Add below:
**************ckX8t2okd3A5ZDM0
https://**************ckX8t2okd3A5ZDM0
All - if anyone is on telegram feel free to join the ‘Forbes Ventures’ group.
We are also looking to collect view on ‘known holdings’ for those happy to shares number (I’ll collate and only provide overall number back all).
Only 10.5% free float in public hands - so reckon real free float taking into account LTH’s is much less.
Good to a) know and b) use to promote share.
Not sure if AJTrooper is in here - but would be good to get info once known on Twitter as well.
Cheers,
PP