Member Info for Zan_TM

To add to my last point, this next drill is just a stage in a process. Thus it's not a massive drill, but I would imagine the aim is to try to pin down more detail to allow for bigger drills after, be they funded via dilution, warrent excerises or a JV.

And that for me is key to remember with POW, it's model is different, but it's also very very early stage on most projects, be they self run or IPO'd out.

Yes that means a route to decent sized income is likely a long way off, but it is also why the SP is what it is and cheaper than some others.

If POW was 1 or 2 years off massive incomes, then I doubt it would have such a low Mcap (although in the current climate lots of even nearer income companies are struggling SP/Mcap wise).

I think the amount of drilling is low if your used to or have invested in other explorers before, whereby you are used to seeing drill campaigns of 15,000 mtrs plus and even then, with positive results, finding a major or JV partner is still hard going and often requires years more work.

Now there is a slight difference here with POW to me and that lies in the fact PJ has been very open about how POW is an explorer not a miner. That might seem small, but those doing bigger drills are often looking to take to mine, whereby POW appears at least, just to be looking to find enough to entice someone else to take on the project.

If it works out or not is yet to be seen. Afterall at some point POW needs a reg income from somewhere, maybe selling of projects or selling of shares within IPOs will create that income in future years, but in terms of mined rev those IPO's look many years off income generation via production at least.

Sometimes I think it can be easy to forget that securing a JV partner is hard and should never be taken as read, but I would guess POW is probably willing to give up a bigger slice of the pie to a partner for coming in earlier and maybe funding that project to DFS point.

For anyone interested, below is a due diligence chat group where TRR has its own chan, amongst other stocks and topics too.

https://discord.gg/QejHXpAA6B

Completely Apro.

Basically waiting on news really and until then, it's impossible to guess how things are going behind the scenes.

And tbh, given everything that has gone on over the last 6 months plus it's prob best the company keeps its head down until it has news, and lets be honest here, the only news that counts right now is have they secured new funding.

I would like to know our cash in the bank position right now however, I can't see them saying that unless it was high as a low number will just increase the panic here.

If the number was high, it might settle a few nerves, but if it was high, the questions would still come in as it would then be a case of why not use that money/why wasn't it used to pay off any CLN's

So much has been left unaswered by the BOD, but for now I just accept that is the case.

I'm hoping they pull a rabbit out of the hat here but I'm equally at peace with the fact the rabbit might be dead.

Not seen anyone being parinoid Mickey. Trek's post is all real stuff that happen's, just like mine was, just like most peoples are. I appreciate that might not fit your agenda, but it doesn't change anything. You can still own a stock and not blinker yourself to the real world.

Blind, hear no evil faith may feel nice, but it's not very useful.

For those who don't know, guess who the hated Tom Winnifrith knocked about with back in the day? No other than Zak Mir, who gets paid to do PR nowdays, by doing interviews just like Trek mentioned.

All as shifty and untrustworthy as each other to me.

While promo stuff is being pointed out, broker notes/research notes, theres another comical item.

Said broker who stands to gain by YOU trading shares via them creates a report telling you how great that company is and puts a price target (always way higher than the current SP), this then gets taken as read by PI's as though it means the company is a bargin right now and def worth buying more at.

Broker notes are so aweful. Over the years I've seen hundreds and almost all were total garbage with prices that never came true, of course, that's there design, they are jam tomorrow reports.

TV experts Bloomberg etc get on as guests, guess what , again, most are paid fees by companies within the sectors they are deamed "experts", then when giving their views, it will come as no suprise they lean towards the side of their financial backers.

Merc, FRG is still very early stages. Ignore all the world class grades hype, as you know I'm sure, it's easy to spin things.

They did have a great assay result for that month, but some of the spin is making it sound like ever found, which simply isn't true. If you compare FRG's results to say an ALL you can see the massive difference in stages at this point in time. ALL has FRG results but times 10 plus in terms of number of big returns.

FRG also had many assay results which showed areas as not commercially viable.

That's not positive or negative spin, just the true story as per the RNS's which you can check out yourself.

FRG is miles off being a KOD or ALL and comparisons at this point, as seen above are silly. I think trying to compare puts off investors from investing here tbh as quickly they see it isn't a KOD or ALL (yet).

BUT, don't let that make you think it doesn't have it's positives. It does. It has funding (as long as RICCA stay happy and take up each stage) to get itself to DFS status, now given most juniors will have diluted their holders down by 600 plus % to get to that stage, knowing your not likely to get diluted down until DFS (although RICCAs stake does dilute but you get my point I'm sure), is a big plus. Yes they still have to sort a deal IF they are to take to mine from there, but that's still a long way off and plenty can happen between now and then too. The recent soil grabs have found 2 more peg areas, which may or may not contain more Lith but will get drilled to find out.

Just like comparing to KOD or ALL for Mcaps is bad at this point, so is having like for like expectations to me. FRG has literally just started out really. Its like KOD 2016/2017, not KOD today. Yes it still has to work out shipping routes etc, but it isn't really fair to judge it like a company that has had 5 years plus to do that. I've no doubt by DFS in a few years they will have worked out those details considerably more.

As it stands today, FRG is early doors, it has money to drill and thus money to build up an MRE and add value to its Mcap and in turn SP, if those drills go well.

That's your upside here. After DFS, who knows, they might even sell. Not everything has to go to mine to unlock shareholder returns, but its foolish to think anyone can tell this early on.

Ohh and they aren't just a Lith play, although the Lith makes the news more as its in vogue right now.

Of course, that info is only useful if your weighing up on if to invest or not. If its simply a case of just posting to discredit anyone who isn't your prefered explore/miner then the above is somewhat pointless as nothing can change that.

To be fair Clever, I'm still in, so prob fit that cat, although as a disclaimer, I have zero time for hero worshiping any CEO or Company. They are investments for me, that's it (sometimes bad ones lol), but I do enjoy a laugh still and appreciate as someone who didn't sell, for now at least, to be expected at my expense lol.

Brave or stupid, fines lines I like to mix lol

As a cautionary tale though, be wary of the cafe next door if you buy their Tea, because I went in once and had a cheeky Cider in my hand, but before I could even order anything I fell right into there big vat of brewing PG Tips, Cider in hand, went right into there brew.

I believe the FCA is now investigating them for InCider Tips.

I know that Kebab shop CleverThoughts. Great food, great investing advice.

It got a 5 star rating on the FCA food for stocks rating chart I do believe. Don't belive me, they have the sticker in the window and just in case that's not enough Trevor from Face book once posted a review on their page confirming that he loved the advice there.

Click bait

Thank you Swampmonster. Appreciate the clarity.

Hard to say ID, however if the Ken Gov gave a flat NO, to transfer of mining license, maybe they did see how that could change and without the transfer, the collatoral might not have been enough to alleivate any defaults if they occured.

Zero evidence but my logic based guess is that the internal goverence review is a peace keeping mission to appease current shareholders.

Granted, I'm not sure its a great look to new funders to be going through an internal goverence review when also seeking new funds, however, if that review is more around comms etc then it could be explainec away easily enough I've no doubt.

The prospectus part is valid, I can see your point there however, what the FCA should do and what they do, do (Yes I said dodo), is two very different things.

Given they turn a blind eye to most corporate corruption that goes on daily, what they do here is a total guess, if anything. For me, I feel its wise to wait for news over the rumour mill on this one and assess from there.

Indeed, the terminology is a little under explained. I think most would take closed as "not in use" but then they said its at capacity, which usually means "full".

Once the dust settles and RM is brave enough to address the public again, maybe we can throw this question at him, amongst others lol

I would be suprised if the FCA did anything here at this point. TW reports a fair few to the FCA. If he does this to help his shorts OR because he lost money on those companys when in a long with them we will never know. Maybe it's just his payback for once getting done by the FCA himself. Who knows.

However the company do appear aware of this potential as in the "fess up" RNS they did add the cavaet about them acting in what they believed where the best interests of the company". That's there get out of jail free card.

GCAT needs to prove it has the funds and capabilities to stay afloat before I think any conversations around value can take place. "Producing" doesn't mean profit.

Current cash burn must be running the family vault dry I would have thought, as why else did we take that June CLN at a proper pay day loan interest rate?

Hey Onlyme,

I think it's great to try and look at all different options however weren't we told Plant 3 is now closed as at capacity? Thus by proxy they did have enough ore to fill it?

Not sure if people are getting a little confused here OR if its reference to something different, but GCAT isn't in Mali.

Given St Brides in that TW post stated they weren't aware of any insider deals etc, but were owed money.

Is it not just a case of them stopping because they aren't getting paid OR GCAT letting them go? over some moral high ground?

St Brides reps a lot of juniors, but its just PR. Given GCATs current state of affairs I'm not sure paying for PR is the most needed item right now.

I love a good tweet as much as the next person, but can make do without for a while.

Seems TW is putting 2 + 2 together and getting whatever sum he wants to fit his narative to me.