Member Info for Zan_TM

Investing, like so many things, is a fickle game.

If funding news came in, we got back going and everyone made a mint, you would be a hero JC and all forgiven. Such is the nature of posting. If you see flaws, your a deramper, if you see positives, your a ramper. When truth is, EVERY share has negatives and positives attached.

What can't be understated though is how much large sellers hold back share prices. Its massive and can take months upon months to recover, sometimes never (I don't think thats the case here with KOD).

Orderly fashion is all you can hope for, but even that holds back the price for so long.

Selling pressure is a sucker, that's for sure, even if unavoidable.

Been forever since I posted here last. Hope all are well.

Hey Daz, hope lifes treating you good.

Just my 2 cents, but as seen by the last RNS, and as seen elsewhere, its when a sales completed that the RNS/inform the market is triggered.

SC has been selling in the back ground, that was stated in the RNS as quoted by Daz. If you just took that RNS on its own, you can do your own maths and work out rough total of shares SC has sold if you take starting % and end % and convert that into shares.

Its a lot more than 3 million.

In regards to the 2 billion plus they have left. Its impossible to know 100% if they have been selling down on that amount already via a new ticket or not, but 2 billion is a lot to shift regardless.

Its clear to me they are selling in an orderly fashion right now, which was always going to happen once they were effectively removed from becoming a end user of the product by Hanian.

I'm not sure BA would or even could clear up much as I'm sure his hands are tied by contracts with SC. Maybe at best he could disclosure orderly fashion or internal, but I think it was mentioned in an RNS or interview before, but could be crossing my wires there as hear so many interviews from so many companies, things blend.

The real question for me, isn't are they selling or how, as we know they are and knew they were going to. Its does today's price still represent value compared to what future investors will value the company at when looking to pick up shares? And that's still a yes for me, as such, and given I have no real need for the money, I'm happy to just leave it be where it is.

Each to their own though. As long as you take a profit, no answer is a wrong one imho.

As per beb's message. I recall Robbies interview, which took place 1 day before suspension and in it he refered to Vim Rutha as looking like it could be a 200k oz per year, 40 year mine. Thats an 8 mil oz mine. Your talking GGP levels, which are extremely rare finds. Once in a decade type things.

Now its not to say it couldn't have been, but it was miles/years off being known when Robbie discussed it. It wasn't needed in the interview either as the whole point was to cover GCAT not doing its accounts.

Robbie painted the whole thing as very much, much to do about nothing. It was just an auditting issue and while times had been tough since OCIM, he was certain financing, mine plans etc would be sorted shortly and by unsuspension, we would be ready to fly.

I genuinely can't see how he wasn't just spewing out lies to stop the SP tank that was occurring at the time.

Robbie has spun a yarn many many times before. I would say its his greatest skill set.

Looks pretty dead in the water right now, with that last RNS feeling like a heads up, but as with all used car salesman, they do have a lot of grit about them about, so always that slim chance he will sort something.

So far, each sort has just kicked the can down the road, rather than solve anything.

Magic money is needed from somewhere, but you would be brave to risk it imo.

I have to say I mostly agree with LW here.

Theres seems to be a lot of noise about is RM great or is RM awful, which tbh seems totally pointless right now.

Removing the blame game from the convo, I'm sure all must agree the company, as an entity has been failing and doing badly. That would appear pretty clear cut to me given the situation the company is in.

Thus the topic of convo to me, should surround what is the company doing to improve its situation and resolve issues.

That is all that I can see as important at this point. In the future questions will need answering about fault, but as of today, its the wrong time.

Long term, surely we want a operating, profit producing Gold mine. That has to be the goal.

Getting out of suspension is only one part of the puzzle. Many other pieces needed too to make this work.

Im easily forgotton mate, lifes busy right now.

I understand that JC and I just took it as different writing styles, but, each to their own, and I understand your viewpoint.

Been a long slog this suspension thats for sure.

I think overall here, as it always has been, the companies biggest failures are its comms to PI investors.

Its either spin or silence.

This mismanagement of comms allows the rumour mill to turn and flow.

Either the company has never learn't that or it simply doesn't care. I expect its a combo of both and in the middle somewhere.

Robbies last big interview 1 day before suspension was littered with false hopes, but it was also one of his more open feeling interviews. If he had done one of those a month during this suspension then Im sure many would feel a lot more at ease and connected.

Granted that would have taken up time, which maybe he felt was better spent elsewhere, and who knows, he might be right on that one, but if this ever re lists, which is a big if right now, I fear the sell off will destroy whats left for a long time and those comms might have stopped that.

JC,

In answer to number 2, yes I do believe they would do that. History shows they have repeatedly operated differently from their go to marketing line.

Its not just a GCAT thing that either, so many do. Nothing ever gets done, or very rarely does.

In terms of did it happen? Who knows. Likely not as you say, but in fairness just because your point of view leans towards Robbie being right most of the time, it doesn't make it anymore true than Bebeto's otherside of the story point of view.

I've always read both as "views" not facts as such.

Bebeto, you say none were having it. I was always very clear that I felt he had repeatedly lied and called that out many times, using timelines as evidence.

I was also clear that I didn't need to trust him.

My stance hasn't changed which interestly reflects the fact the company haven't changed.

Total shower of ..... thats prob the summary of how the company has been run so far.

We have had so many hyped up messages from Robbie which have never come true that its hard to think it will turn good.

It might be easier if there was more updates to feel more confident.

I know he has his fans on here, which I respect, but judging on his performance its been a poor show.

But as ive always said, I dont need to trust him (which is lucky) and if he pulls it off and it makes me money, then will I care about his lies? Not one bit.

FYI - TGR isn't AIM listed. Its main listed.

2nd, you will often hear 6 months quoted however its not so straight forward as just a timescale.

Basically after that extended period of time the decision to re-list becomes more in the hands of the FCA. Prior, you just submit your accounts and its tick box stuff to get re listed really.

The FCA however really have no interest in not allowing a company to re-list, UNLESS, it feels its not able to conintue as a going concern and as such re-list would put there rep/market rep at risk.

Overall, as long as the house gets in order then things are fine.

It seems clear here the issue is all about funds and thats a big problem. They can talk about 2030 and 8% of world supply all they want. You can have massive resources in the ground, but if you can't pay your bills you can't exist.

Opps.

You can't just "mine gold". Its not that simple or easy. To "mine gold", you need a lot of equipment, you need a way to seperate the gold from the dirt, you need staff, and you need it to cost less than you will make.

That info, comes from a DFS, which can cost about 15 mil from start to finish and take several years.

Then, to actually get it out the ground, an average gold mine set up/build can cost around the 70/80 mil mark, and takes on average 18/24 months to build.

Its not massive big gold nuggets your digging up here, but more often than not, small flakes, mixed into a a lot of dirt.

Firstly, it's great to get an RNS today. It's been a very long time coming to see some news.

Secondly, it's a positive from me. Yes, there is some details which don't feel perfect or maybe even enough to get us to that 24k per annum target, but to be frank, there was as High a chance of an RNS dropping to say, closure, so all in all, seeing that we should (as its not totally completed yet) have 6 mil in the bank (albeit some of that as debt), is great news given where we are.

25% given away at this point sounds fair to me. I expected us to have to give away a certain amount for funding and again, given are position of having a low cap and being suspended, with little cash flow, 25% really isn't that bad, if it gets us to our 24k target (new plan will inform us if it will).

The miners who have moved into our mine isn't great, as they are stealing our gold as we speak, but sounds like it's being sorted by the country, which is positive.

It's not out of the woods yet and many hurdles to still overcome, but all in all, a good rns to me.

Hopefully first step of many positive moves to come.

It's going to take time still as DD, suspension lifting, accounts audited, new expand plan etc all sounds like a 6 month job list, but Rome wasn't built in a day.

Next up. Come on PKF, do us a solid and get that audit finished.

One thing I've learn't is that no matter how much I think, crikey, its been ages, can't be long now till we get an RNS with unsuspended news in it, is that I'm always wrong lol.

"Got to be this week"....roll on 4 weeks later, radio silence still.

I'm hoping working on my being wrong theory, having posted saying its taking forever, the timing gods will now drop an RNS tomorrow to make me look foolish.

To be honest I thought it was closer than I expected.

Its done now and it would be great for the company to now be able to just focus on getting real work done.

This vote thing has been a big distraction to me and in many ways allowed the company a few months grace while no one cared about the production figures etc.

That grace has gone and the new appointment appears a good step in the right direction.

It would be illegal yes, but it happens all the time and truth is nothing ever gets done. The FCA are pretty useless in general, plus proving stuff is very hard.

Take on here. An opinion can sway holders views, sometimes that might even be the intension of the commentor, but prove it was anything more than a opinion? Very hard.

That would be positive right bebeto?

To be fair AG, giving away 80% might not have been such a bad move as we just don't have the cash right now to have done anything with it and as such, better to keep 20% while someone else pays to get it to MRE stage than us just sit in it and do nothing with it for years.

That's pretty much my view mhow.

I've not been impressed by current boards actions but feel we have a better chance of success staying as is and progressing than bring in Leo etc.

The company doesn't appear in a good way right now and I feel rocking it more wont help, but maybe the FT group will have helped simply by giving the current board a wake up call that they have to do more.

I also think there is some who simply want revenge on Shirshir and as such are hijacking the FT groups proposal simply to get one over Shirshir and get him booted so they can enact revenge.

I'd be amazing if the FT group can win simply due to the numbers, but if they do, fairplay as that would be a very well pulled off move