Member Info for Suggins

Right, I’m off to get the kindling and matches.

What price was the dip ? If it was 0.875 then Aprogerson is clearly a witch and must be burnt immediately!

I see; so your view is that the gold repayment price is fixed at drawdown; I had taken it to be at delivery.

If the margin isn't coming by way of discount to spot then it will be coming as interest on the debt. Two loans were detailed in the recent accounts; one at a rate of 33% over 6 months and one at 8% pa (but with warrants) I think. Surely the interest on these loans will sit somewhere between the two.

Gcat does produce infinitely more gold than Ggp.

Spoilsport - to the moon !

Great buy sw10000, I’m afraid all my budget would allow was another 100,000. Buys rolling in now and not at all surprising.

Certainly suggestive - it’s beginning to look a lot like Christmas.

https://twitter.com/mccraerobbie/status/1602221551067316226?s=46&t=dfnzpE2weQ4hB6NsVnjZ5Q

Past deals from the first lender seemed to have a 6 month payback grace period, this second deal has a payback over those first 6 months. Clever use of production and very well done to get this second deal to fit in so neatly with the first.

No mention of further conditions on this second deal which is very good.

Borrow $3 million, at say 10% over the 6 months gives a payback of $3.3, slight discount and refining charges off spot price so maybe 340oz ish per month needed if gold price stays steady.

A bit disappointing not to hold onto gains but hopefully we will have news that the money is actually in the bank soon and that will move things back up.

I’m curious as to the funding conditions which are left to fulfil and wonder if any relate to sorting out the share register. If this is the case then we should get a prospectus very soon. But as the loan is to a subsidiary this might not be a condition.

I think that article is reporting the sale of the Goldplat shares. That company was the goldplat subsidiary that used to own kilimapesa and probably owned the consideration shares.

And RPdard you desperately need to raise your game; behind john in the ramping stakes !

Sorry sw10000 - your post was identified as a ramp.

A lot seems to be based on this site; some mystery algorithms judges what is a ramp. It has a live tracker though so you can see what post it thinks is a ramp.

According to the website ‘pumped or dumped dot com’ we are a top 10 ramped share. I think we were top 5 on Friday.

I think we are around 40% of the parent price at the moment; right at the bottom of our range.

It’s an illiquid stock; one person selling crashes the price. Seems a good price right now to me but given the recent growth reduction we it could go a bit lower yet. No concerns long term though.

‘When London wakes up … we are a £100 million company’

= circa 4.5p-5p per share

Mr McCrae in trademark bullish form and with every reason to be. Only short but well worth a listen.

He mentioned only 15% of production will be used to repay the loan. Repayment term and overall cost not yet revealed but this seems excellent news as it will allow further continued re-investment from gold sales and real safety in repayment cover if there are any production blips.