Member Info for Zan_TM

Astro. TGR isn't an AIM listed company.

Hi Char, RM is no longer a major shareholder as he transfered over his as part of a CLN deal earlier in the year I believe.

The company have said at some point they are going to issue the same amount back to him, so he won't have lost out, but as it stands today, he wouldn't be diluted.

Perhaps Bebeto, but we will never know as they came in, gave a few cryptic posts about what might be or might not be, about some newsreels but no newsreels and then left as they have no interest in this share, just like a shaddow, sometimes you see them, sometimes you don't.

They say that if you say there name 3 times at midnight, beetlejuice may or may not turn up. DYOR that to find out which way of course as I wouldn't want to actually be helpful.

@Watcher, if both come at once, I would be very happy.

@Legal, you know I would never acuse you of being bitter as you know I feel both sides of a coin are vital for educating and understanding.

I don't trust RM either, but that's where we differ. I don't feel the need trust a CEO goes hand in hand with company performance. For me, I would view it nieve to trust any CEO. They are there to line their pockets, achieve there life goals and support their families. I don't expect RM or any other CEO to really care about me. In fact I think to make a company like GCAT successful any CEO in charge needs to have a bit of something about them.

Now yes, the CLN thing was imo a sackable offense, but he hasn't been removed and thus we are where we are.

RM imo isn't going to become more trustworthy overnight, and that trust is clearly important to you, so my question to you is can you ever really invest here as you will always know what he did?

In terms of the other company you mentioned, yes it has crossed my mind many times and is generally run on hot air and MOUs, with each MOU followed by a raise, but I'm in, and not with a massive amount, so felt the risk was worth it as if they do pull it off, happy days.

@Legal,

While I do see that GCAT has some areas which it leaves as unexplained, I don't personally see it in the mode of a pump and dump, or just pump set up.

Those types are known as lifestyle companies. A lifestyle company is one which pays the CEO highly via money or share incentives and does this via equity raises aka dilution, on never forfilled promises of something. Within mining, those promises are usual to get to mine. Another aspect of a lifestyle company is to switch or push different minerals, depending on whats in vogue i.e., Lith explorer one week, Uranium explorer the next, Gold week after. Jumping on whatever resource is getting the most printed press in order to raise funds off of that hype.

Gcat, has stuck with its Gold mining, it has pretty much stuck to its plan too. It hasn't forefilled it yet and has had finance problems, but it is mining, it isnt using drill after drill campaigns to raise hype and cash, but rather the opposite of putting some drilling on hold.

Thus, while some promises are unforefilled still, to me, it doesn't fit the mode of a lifestyle company.

The hallmark of a lifestyle company is everything looking rosy, all of the time, so that investors feel happy and those not in, want in. The PR is super glossy, very targeted and professionally done (minus them actually doing anything other than drilling constantly, one campaign a year).

GCAT would be a rubbish lifestyle company as it messes up publicly way to often to allow for any real hype and pump train to exist. Its PR at times borderlines on comicial and really isn't very pumpy. A picture of RM topless holding his dogs on a rope isn't how a lifestyle company uses its twitter account lol.

To own or hold GCAT you need nerves of steel at times and if you need nerves of steel to hold, theres a high chance it aint a lifestyle company.

They did and its so close to the main plant its just digging required, not a new mine build.

I'm guessing, one reason for less rush is the plant can only handle so much tonnage and its not tonnage we are short of right now but rather production capacity and so capital outlay isn't best use of money.

However, once finances are more settled, adding a decent chunk to the MRE adds value. Having a 25 year LOM over a 12 year LOM for example really increases the investibility of the company imo.

Thus, I hope, we do get an MRE in the not to distant future, although appreciate it would need a lot more drilling and drilling aint quick.

Unsure but I'm pretty sure the person who usually managed the feed left the company recently so that might be playing a part.

They seem to still be giving basic "week went well" type of posts.

So, in terms of VR, what's everyones thoughts on how it might progress.

I've always felt it appeared like a really interesting and potentially large find.

I know that recently the company stated it was on the backburner, which I think makes sense for now as other more pressing issues at play, but are we still expecting an MRE on it within next 12 months, as per the timeline of expected completed events by Dec 23 (which doesn't look like it will be met in time now, although thats not really a suprise) that was put out mid april this year in a company presenation.

Killi clearly has to be the main focus right now, but, if/once sorted, surely Vim, which I think is actually closer to our plant that the Hill, has so much to offer and add many Oz and LOM years to the project.

You would think they can't be far off giving out new licenses again now. The purpose of the close was to mull over structure and ways they (government) could increase income from mining ventures.

The new policies allowing the country to purchase up to 35% of a company have been approved by the wider government and so, surely the doors must open again soon.

Cora was a tad unlucky with the timing tbh.

We are overdue the study results now as Thyrup were due to be completed by end of H1, although they could be delayed.

Hi Andy,

In response to question 2. The Vanadium was confirmed as TGRs during a recent RNS

great to see the new auger 11k programme announcement.

also nice to see the rough plan, including 2nd stage auger infills and rc/dd drilling if all goes well.

early days still but every step is one closer to an mre and thus that first chance to *** pack value frg.

Totally JC. Prior to announcement, minus drills and MRE upgrades without this JV and deal your talking a long long wait. It takes a lot of cash to be mining and Killi still has a long way to go to be anywhere near ready to fund Tanz, so this JV might dilute slightly to acquire and builds can still take 18/24 months but in mining terms, thats near term.

To have two fully operational mines would be really awesome and lots of hurdles to overcome still and no doubt bridges to cross but if all goes well its very exciting.

I also think its worth remembering in mining delays, errors, plan changes, permit delays etc etc are par of the course. Each company has different hurdles and challenges but that doesn't mean they don't have great potential.

If anyone ever wants a hurdle free route then they shouldn't be looking at juniors and they certainly wont be valued at our Mcap.

We must remember right now everything appears to hinge on the prospectus approval. We will only own 100% of Tanz plot then as that approval is needed to allow the share issue to take place.

Likewise, as per a recent RNS, Mill End's payment of 600k will be via a raise after prospectus approval.

So that is something I'm eager to see approved as it will unlock a lot of the next steps imo.

Could be wrong but it feels like Killi finance won't go ahead until Mill End sorted and as reported Tanz wont be fully owned until prospectus approval allows shares, but once approved we could then see a very news rich period.

The JV is interesting and it will be interesting to see how the deal is done. Over the years seen lots of different models, so super excited to see what Robbie/Gcat does here. I'm expecting a holding company created with splits then used in that i.e., 49/51 or 80/20 etc etc.

That would also remove the need to directly dilute GCAT futher, albeit the JV split still dilutes your profits, but truth be told given where we were in Jan, I wasn't expecting much from Tanz for years, so if they secure cash to sort and build and up MRE then in my view great news.

Heres a link to a discord TGR group to if you ever want.

https://discord.gg/QZs7sNY3GT

Hi ID,

What you read ia correct, there is considerable more Graph in a EV battery than Lith. In addition unlike Lith Graph is also found/used in Hydrogen Fuel Cells (although in much lesser volumes) but the point more is its not just limited to EV but also HFCELL.

As Andii touched on though and what rarely gets mentioned here or in stock articles is at present for various reasons (not just one) EV battery makers have choosen to use Synthetic Graphite within the batterys over natural Graphite. Synthetic is actually normally more expensive however it has still been the general product of choice (those reasons include supply access, deemed more reliable and helps the lifespan of the bat more amongst other reasons).

Its likely that preference of Snyth over Natural is why natural graphite explorers/miners have been overlooked but as demand continues to grow along with some ESG stuff the potential here is that there is a move to use natural again in much larger volumes.

I think a lot don't wait that long and I wouldn't expext 5 times soon.

FRG is a slow news share. They are/were so early stage that things take time. We are still waiting on the 2nd batch of soil samples to come back, of which they will only give basic info, then there is new drilling to pilot hole areas highlighted from the soil samples. That's likely another 6 months from start to assays back, all of which will only provide basic early stage info.

The main news will be RICCA taking up the next stage. The funding is split into stages and nothing is a given until its drawn down.

However, FRG also don't give a lot away. They aren't media darlings like some companies and thus one morning, out of nowhere I would expect news to drop about results or funding stage or plans and that's FRG for you right now.

Its my view its time will come if it can get some decent results back/in.

Thank you JC. Tad long lol, but I'm generally rubbish at short hand lol.

Tbh watcher, you would expect trust issues to be at play for a while still. No two ways about it, RM said a lot of stuff last year which either didn't come true (maybe a bit unlucky) OR was just an outright wrong (still banging the 24k by Xmas line when he clearly knew they weren't upgrading at that point and thus weren't going to hit target as seen by there later announcement of moving the 24k target to mid 2023).

Its only natural that will leave a decent group of investors wary of what RM says and looking for real confirmed items over interview words etc before making investment calls.

So, yes, unless you like to blindfold yourself to life, I think even the most upbeat holder can imagine trust issues exist for some.

Thing is though, you don't have to trust someone for the company to make money. RM can be as shaddy as they come, but if he gets more finance over the line and they keep producing Gold, drills hit more Gold etc, the company is very likely to do well from here. And thats the point here really isn't it. For all the lies, shaddy details, fallen through deals (not fully sure that was GCATs fault tbh) and other stuff, you still have a company which as long as it can keep its lights on has a decent amount of Gold in the ground in a pretty stable area with 2 x drill rigs owned a lab on site to help check out drills as they go, to refine explore areas quicker and a plant which has the ability to produce Gold in a decent market and the ability to increase that production rate over the coming years and at this Mcap, that makes it attractive to a lot of people too, including me.

Every single junior small cap comes with its own set of risks, every single one of them. GCAT is no different. So do I trust RM? Not really no, but I don't trust any CEO tbh as none of them care about me, why would they, but I do I think RM and GCAT will make me money. Yes I do and thats all I need. Do I expect that to happen by next week or next month even, no not really thus I wont stress every move up or down. Both are all par of the course to me. Every move up doesn't mean rocket ships on route nor does every move down mean admin on the way.

Some really good grades there so far.