Member Info for Zan_TM

I'm not sure if those calling for the CEOs head truely understand what that would mean.

Its by and large the CEOs company, if somehow you managed to get every other shareholder to vote no confidence and all of the extra, timely steps to forceably removing him, you would then be very likely to see one of the biggest sell offs ever as he and his family ditch all of there holding.

If people think the 50% plus drop in SP caused by Batt Minerals selling out a lot smaller stake was bad, they would be crying forever as the largest shareholder sells out.

The board in terms of comms have def failed here to me as almost radio silence and no explanation as to why quarterly figures have stopped, but removing them wont help us. What we need is for them to be aware holders aren't happy with certain aspects.

4 months suspended so far. Keep in mind Robbie went onto TG group to tell all who would listen just 1 day before suspension that everything was rosey and nothing to worry about. Accounting issue was just a cash flow thing and funding was in final stages along with the prospectus having only 1 final point needed to be passed, along with reminding us that Vim Rutha in his mind had GGP Haverion levels of Gold at 200k oz per year for 40 years.

GCAT historically was guilty of speaking utter lies to over hype and promote.

Has that lesson been learnt? For me, its a no right now, but as much as Robbie can ramp, his radio silence since suspension doesn't help either.

Tweets are great, but worthless.

GCAT has never been very good at providing holders with decent RNS worthy info tbh. Production updates always lacked detail such as an AISC (minus about one).

Generally, I think what isnt said is as important as what is as if something is ever positive, most companies will shout it from the roof tops, so if its left out, its because its a negative.

Robbie as an individual also tends to be more into tweets and interviews for comms than RNS's and for me never comes over as an orgainsed person in terms of paperwork (but hardworking in other areas), thus I'm not to worried about any lack of comms.

I have many other concerns mind.

I'm not sure it would make much sense, if (big), they get this funding Robbie has told us 20 times is in final stages.

Suspension occured on 1st Nov, so still a few months left, and if auditors were on site as has been reported of late, you would expect submission of accounts more near term. Thats my logic based thoughts.

One thing at a time, but 3 big issues right now

1: Accounts

2: Prospectus

3: Funding

If any of those 3 fail, hard to see the company being able to stay as it is.

If all 3 get sorted in next few months, then maybe 2024 will be more enjoyable than 2023.

Heres hoping

Beb, to be fair, I think if a company cant do its accounts in 6 months, it prob doesnt deserve to be listed lol.

Zero evidence, but I do think we nearly there with them. Maybe they are even submitted already and just awaiting nod from FCA???

Info via official routes has been very slow going, but I guess there is nothing of note to report just yet.

As it stands, the situation is the same as before.

We have had a lot of unofficial info shared via social media, so not a total blackout.

To be honest, official or unofficial, I'm not fully sure Robbies words hold much weight if you look at past performances.

Given were talking 4 months plus for accounts to be submitted past the due date, its evident to me that they werent even started at the due date point, thus the company would have known for months prior they were going to miss that deadline and get suspended, yet withheld that info (maybe good as the sell off would likely have been even worse) while doing many an interview talking about funding in final stages etc.

I've always said, Robbie is a used car salesman. He will say whatever he thinks you want to hear. Thats not me being negative either, just looking at the very very long record of mistruthes by the company.

But Ive also always said, a used car salesman can still do well.

I was happy to invest before feeling that about Robbie and nothings changed for me.

Loads of jackornary on route, but I still reckon he will pull it off. Maybe in part because he is more of a salesman.

Legal, that quoted statement, isnt that just them being more honest than most as I would imagine that statement is a valid one for every single micro cap, non rev created company out there.

Thank you Emis,

If they are selling to Pranagraf at a price within 10% of others we sell too, for me personally, I can't see an issue with this. If anything its surely a positive as its a easy customer to deal with.

i dont think there is a issue if we were selling to pranagraf persae as i think pranagraf's role is to take graph and turn it into products aimed towards specialised markets i.e., flame ******unt products, so them making a mark up is expected.

the problem would be if we were selling to them at a large discount to market basket prices (tbh i'd expect a small discount as connected so makes sense).

is it disapointing we didnt swallow up pranagraf as originally intended, totally, but its not the end of the world or imo the biggest item of importance right now.

production ramp up to match capacity and then capacity ramp up towards that 84k tpa madagascar target is number 1 aim imo.

I think the problem HarChris is that there are those who preached patience when the SP was multiples of now.

As a company, as a miner, stuff takes years. Mining isnt a get rich quick industry, but as an investor, buy price vs your sell price is surely all that counts and so no matter whats around the corner, if you brought at 80p plus, it must be tough hearing others tell you to be more patient.

I'm prob one of the luckier ones here in that I brought in when the SP was lower, but I can understand why some are feeling hard done by.

Zoom out though and its more a sector issue than simply company to me.

9 out of 10 microcap miners/explorers have tanked 70% plus over last 18 months.

Now with TG, there is a lot of questions to be answered, including how they plan to buy Pranagraf (given Indian law blocked the last attempt), but equally, I've seen nothing to suggest they plan to take TG private and delist.

Those suggesting that are making bold, non evidence based guesses, which could come true, but the same risk would apply to all microcaps.

There seems to be lots of smaller raises occuring lately.

Is that due to only needing little bits to tie the company over until the expected and much hyped larger package comes in or because it is struggling to raise more in one go?

Always so many questions.

Thats pretty old new Tomorrow.

I think one of the sentiment downsides came to be due to the company making a lot of noise about "capacity" numbers.

30k tpa capacity was hit, and expectations were capacity would result in like minded production numbers.

Fast forward a few reports and it became clear production was a long way off expectations and as such all the dreamy ideas of self funding expansion went out of the window, near term at least.

The earlier bullish company projections gave over the impression ramp up would have been swifter and greater than it turned out to be.

Economies of scale have resulted in the margins being non existent at such low production numbers.

Solving this is a monetry problem, but that can be solved. The main issue is timeframes. The recent RNS does suggest we arent yet at 18k tpa, given it stated that number was the goal still.

Hitting 18k tpa is a milestone, but equally still below what I'm sure many would have expected by today.

Even 36k tpa is a lot less than Im sure most want given statements like 400 k tpa by 2030 (8% of global market) have been made by the company as a target.

The slower ramp up is a delay. 2024 feels like a year of trying to achieve what was expected to be achieved last year by year end, so def a delay, but in the grand scheme of things, for mining, not the end of the world.

If anything, it might work out well considering how low basket prices are at present. Remember, every ton sold at such prices is a ton less in the ground.

If it takes a bit longer to ramp up, and if prices did rise by then, it might not all be so bad.

Challenges ahead, but each one solved is one less to face.

If you look across most small caps, apparently very hard lol

I have no reason to think you do short bebeto.

On the subject though of GCAT, I don't think it would fit that Q1,2,3 4 narative as such, simply due to size imo. For a larger company, yes, but GCAT, dispite the several hundred employees line, leadership wise appears very thin on the ground. Again, I revert back to my small cap comments in previous post. Almost all small caps dont report mirrored quarter updates, which I guess is because by virtue of being "small", they are still in the hiccup stages and thus one quarter to the next is littered with challenges.

Generally, I tend to think its not so much about the hiccup but more how it is dealt with that is important when things are still developing. Thats the biggest tell on if management has what it takes.

From a technical point of view, I don't think you could argue with your comment bebeto that a ramper will cost you more than a deramper. Which in its own right, is an interesting topic, but one for another day no doubt.

I genuinely think maybe a little gets to read into with some less positive posters agenda here. Legal for example, is imo, one of the most switched on investors Ive met, and bebeto, while heavily negative towards RM, seems logical. Lets be frank here. The share is suspended, for a 2nd year in a row, for missing accounting deadlines. Thats a failure of senior management no matter how you look at it to me.

GCAT isnt over yet though and while its still jam tomorrow, arent all small caps like that?

There is def a lot of hurdles to overcome and big room for improvements here, but thats why its a risk v reward type of hold to me. If it was risk free, it would be several hundred mil mcap and hitting big production numbers with little SP upside left.

No such thing as a safe stock, and small caps are super risky, which is why I feel both points of view are so important as they help the deep dive that is required to survive the small cap world.

Isnt balance having and hearing both sides Swampie? Overall, I'm generally the more forgiving type of holder, but in equal measure don't like to bury my head in any sand. Of course, you get the more strategic type pop up from time to time either crazy bullish or mega bearish, but by and large I would say most of the reg posters hear seem pretty level headed.

I think it would be a shame if it was to become a place only "everything is mega" or "everything is horrid" type of board. For me, LSE's main strength is its varity of views. The worst echo chambers seem to be tele gram groups, so I'm hoping the likes of JC and yourself, do stay.

Indeed, I too appreciate the posts, but JC, considering how much of a horror show GCAT is and has been run by Robbie, it must be expected there will be many a out of sorts holder about.

On the subject of the ceo/company reading these boards. It does happen. When PJ was CEO or POW I recall he mentioned in an interview from time to time he would pop on and have a read.

I'm not sure its for investees or anything else other than we all like secretly know what others think of our work.

Audit on track.

Take whats given in my view. Might only be a tweet and nothing official, but better than radio silence imo.