Member Info for Zan_TM

If RM was to step down, how many shares would he have that he might then offload? I'm not suggesting that's a reason to keep a CEO, but should be factored into the idea of what would occur and that's a large seller right there.

Thanks SW. Good to see. Feels like a step in the right direction. Get Killi up to a decent level, then focus elsewhere.

@Legal, I do totally see where you are coming from and can understand that you have taken in lots of positive and negative points into your thought processes to come to your own conclusion.

As a curiousity I guess, if the prospectus is approved/granted in say a relatively not to far off future, would that change your stance at all OR is that a bit pre-emptive as you would need to see the details nearer the time to judge?

Swamp, you seem very emotive. Certainly from my side at least, I'm not out to get you and I doubt anyone else is, so relax my friend, different view points are not always bad.

I appreciate the luck sent but as a fellow holder like yourself, am hoping that we won't need to much luck (although every project does need some so not going to knock a bit of good luck if it happens).

Although on the subject or Cora, I'm not sure it would be correct to say their shareholders are relaxed as such as the SP there has tanked, like most juniors over the last 12 plus months to the point, I don't think there is that many holders left there now. Certainly its 2 trades a day and 0 forum posts give the feeling of not many PIs still in or interested in anyway.

Swamp, I'm not sure why holders of other stocks and their views on those stocks, be they panic or glee matter or make any difference to GCAT.

GCAT won't do well as a company because Cora's or any other companies shareholders were relaxed, likewise it won't fail because Cora's or any other companies shareholders are relaxed either.

Hey Bushy. I can understand your point about the commercial nature of it, so thanks.

I do agree the cost isn't great for that single case, but my point is I think its overplaying TWs status and power. I don't see him as anymore powerful than any other poster here and tbf, a lot worse has been said on here.

Sure they could write a letter, but they would be sending them out daily if they took that route imo.

If someone can provide evidence of TW investigations which he has created that have directly been taken on by the FCA and resulted in said companies having action taken against them by the FCA all because of TWs hard work, then I def would accept he holds some weight and could be a worry, but if not, then he's just an average joe like the rest if us posting our musings.

I'm not sure I would agree it costs nothing as your legal team still has to write it up. I get not going to be the biggest expense ever and genuinely not trying to be dissmive of your views Bushy, but maybe they don't issue one because they know he is a nobody? (In terms of power/fca etc, not in life) Theres a high chance they will have never heard of him and if they were to respond to everyone who posted something negative about them online they would be forever bogged down in paperwork.

For me, I don't buy into the idea that just because a company doesn't issue a cease and desist letter, it implies in any way that there is any truthes to whatever the individual writes. If that was the case, should we be expecting cease and desist letters issued to maybe 50% of the posters here? Which is largely my case. TW is no different to the rest of us in that sense. He is just a poster, expressing his viewpoint, but certaintly, his viewpoint to me at least, doesn't hold anymore weight than the many hundreds of others out there.

Why do you give TW any credit? His whole thing is to be as contraversal as possible to gain click bait who will then hopefully pay to remove his articles firewall.

Basically he is as bad as the politians he so often hates. He profiteers out of creating false naratives.

How many times has any of his "alleged" investigations resulted in anything? How many companies have had to close doors because of what he found? Or is that the wrong question to ask? Should it be, how much money has he made by taking advantage of retail investors fears?

His history shows he is hasn't acted so morally decent himself with the FCA acting against him I believe.

Maybe you are TW which is why you reference him hoping to gain subs?

My why question is genuine as I would honestly love to understand why TW's paid articles aren't simply to line his own pockets.

On our TM due diligence hub we now have a seperate chan just for Trident. If anyone wants to join the research group, please feel free to via the link below.

All points of view welcome, but abuse to other memember isn't allowed.

https://discord.gg/QejHXpAA6B

@legal, pretty much yes. Which does raise the question about OCIMs funding. It fell through because the mining license couldn't be used as a security against any defaults etc, however, using CLNs tied to the sub as the new announcement highlighted is very much a back door way to obtaining the mining license. it makes you wonder if there couldn't have been a way to have done OCIMs deal using some sort of mechanisum to do the same. Maybe change that deal to a CLN one or close to it.

Now, we know GCAT wanted more time to explore options to find an answer, but OCIM didnt want to allow more time.

This makes me think for whatever unknown reason, OCIM just wanted out and is likely why they added that clause on the 16th, knowing full well we could solve before end of Dec giving them a route out.

I sort of added the prospectus into my risk 2 as was mentioned in the RNS, but it also falls into risk 1.

Yes the CLNs have been declared as keep the lights on money, which lets be honest, we all knew anyway. I don't see that as new info really as it was clear funds were low etc.

The only difference I can see it that GCAT have been more open this time and stated lights on money over previous funding agreement which sort of danced around everything and parcelled it into a hit 24k package, which was technically true as without lights on you cant hit 24k.

The goverence part, im guessing might include legal fees and restructure fees

I get why there is negativity in the air still but personally, I'm okay with this, minus the RNS title which made it sound like it was going to be bigger.

Risk 1 recently, since funding fell through was always does GCAT have the funds to stay afloat? This CLN resolves that for now. Yes its a CLN, but looking at the state of things it was potentially the only route to keep the lights on which could have come in quick enough.

With risk 1 resolved for now, risk 2 comes into play. Does the company have the funds to finish Killi upgrades.

Clear trust issues on what's said but the mention of expected to be completed soon in relation to Philo is promising.

Yes, dilution, yes not perfect, but if they can get Philo over the line then things are back on.

I will take that for now.

SonOf,

Yes, OCIM did their own DD, but that deal fell through. Any new backer will do their own DD too. They won't just go, OCIM did some DD so we wont bother.

If, and at this point we don't yet know, GCAT is in talks with a different backer, its possible as roughly mentioned they may have been interested before and already done some DD, but likewise they might not have.

You also have the fact the company is in a different plave today as it was pre-xmas. Its financial position will be different, its 24k target will be different as clearly its going to be delayed again. All of that will need to come into the new DD by any interested parties, which will take time.

GCAT have clearly taken the stance of no interviews or sound bites for now as they had a stand at the 121 mining conf at start of Feb, but did no public promo work.

Thus for me, I expect to hear nothing until somethimg is sorted.

If Elton's playing I hope he plays "don't go breaking my heart", but I'm worried instead its more likely we will end up with "I guess that's why they call it the blues".

I might put in a request for Robbie if Eltons taking them of "Sorry seems to be the hardest word".

It's a sad, sad situation.

Haha Swampie. I stand corrected, and now that I think about, I'm sure it was actually Rick Astley, not Rick Rule I saw. I heard he is a fellow holder here too. Didn't sell just before the dip either and was quoted by Proactive as saying "never wanna give you up".

Lol Suggins. It's only valid if they are spotted inside a car, which a hat on and shades, which also has tinted windows and largely reduces visibility down to it possibly being anyone.

Apparently Rick Rule was seen getting on a easy jet plane at Luton Airport.

Reports in Kenya are that a plan has landed there too today which came from somewhere.

Not starting rumours, but that maths feels flawless.

2 + 2 = our income.

That is true legal, but in the grand scheme of things, within the short space of the company being listed, does that reward work out as worth the reputational and possibly criminal record you might end up with if found to be in breach of any regulations?

I guess the answer to that is relative to what you deam a lot of money of course, but at C-Suite level, I'm not certain it is at this point in time. Over say 4 plus years, I could see it being worthwhile, just not so much within the timeframe that has existed for it to be intensional.

Lets not forget, if that funding hadn't fallen through, GCAT would be largely on track, minus a relatively short delay.

If the sole attempt was to just cash cow GCAT why not list on AIM and raise every 3 months for a decade on jam tomorrow promises?

Thank you Legal. Appreciated. I know you don't use other means but one day you must check out the TM discord. I genuinely think you would enjoy it there as its just a bunch of investors all attempting to learn from each other, worts and all (plus a fair bit of childish banter at times, but hey, got to laugh too right).

Back on topic, there is a 3rd cat too, a CEO who is neither here just to enrich themselves or that will make you money, but rather just isn't up to the job.

Dispite everything that has happened, GCAT hasn't been around long enough for RM to gain anything if it goes under. It's not like some of the lifestyle companies where the CEO has 8 plus years of rinising the company behind them. If GCAT goes under, all RM's shares go with it too. Now that doesn't excuse what's happened but it does to me rule out the pure self enrichment cat for him.

That leaves just the two other cats.

Untruths but will make you money CEO
Or
Untruths and is incapable of making you money CEO

Time will tell on this one, and your buy in level may dictate your thought patterns about which of the two remaining cats RM falls into.

For every distressed seller, there is a happy buyer feeling they got a bargin. Same price (minus spreads), same company, but two very different point of views on what they feel is to come and the story to be told.