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Very good listen & Multiple Catalysts.
> Speaking with Nairobi based Institutional investors and pension funds who are looking forward to the listing over there.
> Will be the first duel London listed Mining company on the exchange in Kenya.
> Mentioned they are expecting "Chunky purchases" which will reduce the free float in London even further and stock going into sticky hands.
> Southern Mineralisation Zone extends for a strike length of 7km.
> Further assay results due.
> Existing plant doesn't do the resource justice hence planned upgrade and addition of additional mill. Expecting it to be expanded further in 2022.
> Additional mill plant (already owned but not yet commissioned) to be designed into the existing plant will be able to double the production output
> stated running Existing plant at 700tpd producing 1000oz per month / 1.8m Gold per month or 21.6m p.a.
> Methodical planned approach to expansion to move from 12koz pa to 24koz pa to 50koz pa.
> Strategy to increase JORC to over 1Moz then on 1.5Moz by the middle of next year.
Up to 45m 47s Caracal Gold with Rob McCrae and Jason Brewer
Il be listening into it later!
Not familiar with broker note post listing :
Does a broker note do anything to current share price?
Can a broker note automatically uplift the share price to say 2p automatically ?
What’s the purpose of the broker note as it’s been a month or so since initial listing ?
Why was the broker note not done at the start of listing?
We are also now available on a few more investing platforms.
With the Proactive presentation due on Thursday
Good timing for a broker note to land.
Interesting - thanks. I think Caracal has done a pretty good job of introducing itself to the market - but it is hard to keep the news flow going so a good research note would definitely be appreciated!
That's why I'm looking forward to the research note landing here at Caracal Gold next over the coming trading sessions to bring the potential here to a much wider audience.
ST - thanks for info. Which other Goldie btw? (If you don't mind sharing!)
We are advised by the BoD that the research note is being finalised next week.
Another Goldie I'm in where the broker is VSA Capital had a research note published at the start of September.
It gapped up 50% immediately upon publication and has risen by 80% since.
Your clearly not interested. Yesterday, for anybody new to the company, was a fantastic overview, and to existing shareholders. There was never going to be market sensitive news last night but your summary was saturated in negatives, always leaning towards the unknown.
What did you expect from today ? The share price held its own. It’s producing Gold, something you you don’t get down at this market cap with other investments. What are you expecting from the company ? What do you actually want?
The company have reserves. There’s no obligation for them to go out and make these speedy acquisitions. They’re driven, it’s clear to a lot of shareholders here the vision GCAT have.
“I’m sitting it out”, you said this last night. I’m not saying this is the case, but your coming across as someone who “wants to wait for the next RNS” but if the price dropped 20% today you’d be straight in. I think there enough guidance given already to factor an investment. The operational update will be interesting, but there’ll be improvements and capacities changed as we move forward so I won’t be using these as a set guidance.
On all boards people are going to ramp and people are going to deramp, it's pretty obvious what some people's agendas are.
For me (and I'm sure most other investors) I pay no attention to what's written and it has zero influence on my investment choices. It's easy to talk down a stock and easy to talk up a stock, glass half full glass half empty etc.
What I do pay attention to is factual information and people's ideas, there are many posters on here (and on other boards too) who post a host of VERY useful factual information and to them we are eternally grateful.
Sometimes they provide details you might have missed or comment about something you knew already but maybe they see it in a different way to you, so reading other people's opinions (good or bad) is useful.
I generally don't post when I'm not invested in a stock as I don't see the point, unless I see a whole group of people missing a blindingly obvious point that would lose them money. I certainly wouldn't post to bring a stock down if I'm thinking of investing as I think that's just a bit desperate and in most cases a post on these BBs isn't going to make any difference to the SP at all.
People have their opinions and ideas and everyone is different but one thing for sure is this stock at this price seems crazy low at the moment not just with the small M/Cap but also with what's going on with all other aspects of the business and growth the potential is massive.
So many good things to come and with current momentum I'm sure the SP won't stay this way for long. In fact in a few months time this price will seem like an absolute bargain and people will be kicking themselves they didn't get in sooner.
This team has drive and energy to keep building and improving and it's great they are keeping active with their social media outlets feeding us information (as much as they are allowed).
Cracker Charlie thx
Quote from MJard from 7th Oct:
What a brilliant we have had today - amazing
ST (or anyone else)
At what price do you reckon on the CURRENT metrics, forecasting and financials will it re-rate to fair value?
I have circa 5p in mind?"
I think MJ sold and is wanting to keep the price down while he re-accumulates. Otherwise, he has a lot to say for someone on the sidelines and why would he be saying 'what a brilliant day we had?' if he didn't hold as at 7th Oct.
MJ's price prediction for weekend readers: 5p.
I do wish people wouldn't play games, but here's something from Rick Rule, who has a lot to say about gold.
Who cares just try and find another gold producer at this lowly MCAP bearing in mind they're going to expand
Despite all the hype and endless ramping from the board over the past few days, i found today atypical and just what i expected. Buys and sells were more or less on an equal footing. There were no major volume buys today despite the overall positive tone portrayed by the CEO of Caracal on last nights webinar.
The sunday roast team are far from perfect (they predicted RMM as being a star when it was at 60p a few months ago, today barely keeping its head above 20p), so personally i dont trust Zak Mir and the roast team.
If the RNS is released on Monday morning then im wishing everyone the best.
Im sitting it out till after the RNS guidance.
A decent bit of exposure on the Sunday Roast this weekend ahead of the RNS next week will be fantastic.
They have about 4000+ regular listeners and it's the right target audience of investors we need exposure to who are looking for high growth small caps opportunities just like this.
ST, I think it also shows to me
1) How undervalued GCAT is
2) How some investors perceive companies on the market and how successful they are
Your comparisons with Cora, cannot really be disputed. Cora’s resource is clearly going to grow, but the same can be said about Caracal.
Caracal are a producing mine, something in its early trading life doesn’t seem to be factored in. I believe the market will take Cora’s resource upgrade very well and from then, it will continue to grow
The acquisitions coming soon here willl have a similar effect. The operational updates and continued exploration. I’m slowly building a sizeable position up here and with Cora, these are my biggest sized positions and will look forward to the future.
I saw hummingbirds operational update for Q3, $1520 AISC. I do believe that will improve and they’re not on their own. It happened with Shanta not so long back, when the grades were lower than first anticipated. Caracal with its continued exploration and increased resources, should be able to manage AISC for a long time to come.
Great to see the share price holding, I think it’ll start to move as the weeks go by.
yes on twitter. I already posted the core drill number and grades of that drill. The shack had lots of other project samples(check the labels on the boxes in the shed, for what looks like rock chip samples)
Enough from me. Might not even be the licence they are interested in, but fits all the criteria, being left for years, jorc resource, scoping study done
Plus the company want to keep it quiet atm, for obvious reasons. They don't want to spoil the deal!!!!
Can we see links itsyou ? are they on twitter
PS gold over 1800$
You could also see which direction Jason was travelling out of Kahama on the 19th, if you looked at the shadows cast by objects that early morning, in the car video.
Dont forget the Jorc compliant additions in Tanzania to be announced , that will put a rocket up the SPs azz
I hear you.
Spit it out IY ! I am genuinly interested. If discretion required use my twitter.
And ive seen stuff like that posted on before. Does it mean its related... no, it means it's a photograph.
I seen stuff like that over on GGP last xmas around the Scally discourse.
No one mentioned the one, where the core trays were laid out on stands.
If anyone's even looked at core trays for long enough before, they'll know the drill hole name is always on the side! simple really, then go to Google...