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And if it all has been lies then those releasing the RNS should be held accountable for fraud, it's simple but we haven't reached that point yet so lets give the company time to deliver on the timeframes they have set out recently.
Let's not cherry pick , for people too lazy to read.
A couple of lines down in the RNS, hey also named the financial consultants they have fired a couple of months back.
The Company has since raised further funds and taken on further consultants to assist the Company to meet its reporting obligations going forward.
Anyway, none of this matters as we are suspended so no point kicking your own share of you are invested , good news is nothing to talk about now to an RNS so everyone can switch off
See you on the other side genuine investors
Well we are suspended now and can only hope they come good on the plan and interviews which were quite confident .
Saying that many ftse100 companies have gone down for being less then truthful over the years so it's not exclusive to this end of the market.
Anyway, let's wait to see what happens , nothing any of us can do anyway
TW he gets is wrong more then he gets it right , I wouldn't trust anything that comes out of that ones mouth and his silly website .
Anyway, suspended now so people are in or out and we will see what happens .
At this stage he decision is rather binary, a) You continue to hold and accept the risk and there certainly is some or b) sell and walk away.
Very simply , I will be going for option a but fully accept I could lose it all if it doesn't come out of suspension .
I suspect we will see prospectus and Q3 updates and others once in suspension , I'm also hoping that when we leave suspension be it days, weeks or a couple of months we come out with funding .
As I mentioned elsewhere, will be an interesting week and ultimately down to ones risk appetite.
There will be those that sell out as they are concerned with suspension and the risk of never coming back, there will also be those hat see opportunity and snap up the shares others sell.
There is no right or wrong , let's hope Robbie can deliver on his pledges
Agreed, given we are a 3rd of the way through q4 it's not that long now, it could be Jan 1st or March 31st.
Fingers crossed it gets sorted and we can all talk about expansion and growth and more positive aspects
Someone said....
Care to provide evidence behind your claim, making statements like that with no fact isn't really helping anyone .
Someone said they are making a good profit per QTR (easily done in reverse also) but you would then ask for the quarterly figures to back up such claims , therefore we need to do the same in reverse .
Agreed , had ups and downs and transparency but a very good understanding of where GCAT is at
Think they were genuine responses to answers, didn't paint everything as rosy and gave the reality of where they are with the business.
There have been mistakes , some of Robbie's making, others outside of his control but we all grow and learn and fingers crossed he can deliver on his vision
Lots of good potential coming for those that accept the risk, those that won't will move onto the next shares.
You will then get those who do neither but hang around on this board finding fault with everything whilst ignoring any positives, fingers crossed they find some direction in their lives.
Have a good day all.
For those not understanding the importance of an updated mining plan and the impact on funding, this will be a requirement to obtain the funding.
A robust mining plan is essential for securing funding for a gold mine as it instills investor confidence by demonstrating a thorough understanding and management of the project.
It ensures regulatory compliance which is crucial for obtaining necessary permits. The plan acts as an operational blueprint outlining technical, environmental, and operational facets of the project.
It should include detailed financial projections to ascertain funding requirements and potential returns, alongside a comprehensive risk assessment with mitigation strategies, which are critical for both management and potential investors to evaluate the project's viability.
Vim Rutha and this will be conservative, it always won't take into account the high ore zones as they haven't been JORC measured yet.
Even if they are here it's still decent profit based on POG and reduction in capital required to fund .
One maybe for Robbie to answer on the Q&A on the 24k/Oz figure
Nice to see some positive sentiment in here again, I had a break in here and carried on holding and added more when we were really low earlier in the month
Returning to more favourable price and fingers crossed news is behind it, nice to see the LTHs seeing gains and hopefully back to profit soon for those that held out .
Especially by you with your flat earth theories , irrespective if it's not everyday you literally add no value to this board.
Irrespective of differing views sometimes with Legalwolf and Bebetto, at least they bring a credible conversation and arguments , you just turn up and moan about your so called investment.
You're not though are, everyday moaning.
Just sell your shares as you have no faith in the company you are invested, this is going to ZERO so I would sell now if I was you