The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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10.38 trade was a buy , should be blue.
Hi Predator7 - loving the cooler breeze though.....cannot face another night of sweaty pillows with the misus lol
Blue today would be fine, but up north here i think i would like some sunshine more and less rain lol. GLA
Hi OnlyOneShareMe - Oh the pain of being a Spurs fan....even worse having two brothers who are the red side of NL !!! Really appreciate the info and advice and thank-you for the welcome!!!
Let's hope for some blue today : ) : )
QL
Completely get what you are saying and I am naturally a cautious person but thanks for the heads up !! I
One last thing, as Swampmonster says, 'This is a pretty good board. One of the best I have ever been part of'. This is a statement I completely agree with, in fact I would go further and say that even when the people posting here are upset or annoyed about something, they are still mostly happy to be here - go figure.
And if that wasn't enough, the main contributors here (not me), IMO, span a wide range of genuine experience and knowledge, which they are happy to share, and when the inevitable Troll wanders in they are so obvious compared to the general tone and thrust of this BB, that they soon move on to find somewhere that they can goad others into believing what they say and reacting accordingly.
Anyway, I'm sure you have watched enough episodes of 'Aussie gold hunters', to feel comfortable with most of the terminology used here and you've definitely achieved my point number 2, as where else can you buy shares in a producing gold mine for less than a penny a share? Lol ...... And if that isn't enough to convince you, just look at the skillset of our BoD and the Senior Managers and ask yourself if there is any company anywhere, fielding such a strong and diverse team with a combined hundreds of years experience in all aspects of gold mining, then tell me you have not been blessed to buy shares here at today's prices?
So Welcome Quicklearner79, just kick back and watch this one start to unfold like one of those rarely seen goals where the ball passes from the keeper via everyone in the team until it is suddenly in the back of the net at the other end. That's when all those potential investors sitting on the side-lines today will suddenly realise that they should have invested sooner. Let's face it our game changing point is the end of 2022, and here we are just chewing over the Q2 2022 report, but we are already halfway through Q3 2022 so Q4 2022 will be starting in 45 day's time, and as they say, that is when the Magic will seem to happen and the 'ugly ducking' will be no more.
ATB & GLA
@Quicklearner79
I don't normally offer any investment advice, as I also am a novice investor, but as someone who spent the first 30 years of my life living in Tottenham, I do feel for you... So I will share a couple of the pointers that have resonated for me, particularly in respect of Caracal where I have been an LTH (Long Term Holder) using the term loosely as Caracal is only just approaching it's one year anniversary. Lol - But if you check through the RNS's (which I'm sure you have) you can see the growth steps that have taken place, and precisely why we are in the throws of a major expansion in production - which is currently characterised by falls in both ore being mined and indeed gold output, so is it any wonder that the market is confused as to how to value Caracal shares? Anyway from my personal perspective I follow some of the advice from Warren Buffett, mostly two things 1. Don't invest in a company whose business you cannot understand and 2. Only buy shares in a company when they are undervalued. Added to those, with new companies like Caracal there is a number 3. Read the prospectus. This last point is crucial, as I found out when I finally did so 3 months after I started investing here, when the Caracal SP was falling rapidly due to persistent selling. A prospectus is both the worst and the best document to read to get the whole story underpinning the company, but they definitely are not a ripping read, but if you can stay awake and press on, everything is there whether it be good, bad or just plain ugly. You may have noticed that Caracal are having to rewrite their prospectus because 'someone' made a mistake, and missed a small but vital step out when additional shares were issued, unfortunately this 'error' became part of the procedure and was then repeated another 2 or 3 times. I suspect that either Sheila Boit spotted the 'oversight' whilst clearing the path to the upcoming NSE listing, or one of the holders of millions of Caracal shares handed out in lieu of cash payment, suddenly found that they couldn't sell them. Anyway I digress, but I strongly advise at least skimming through most of the current prospectus but reading every word of the competent person's report, which is an independent expert's view of the company and the viability and potential of the assets acquired, which at the time was just Kilimapesa, the mine and the wider exploration license. All fascinating stuff, so when the new prospectus comes along, it will have to include not only the share corrections, but now it will give an independent view of the acquisition of Nyakafuru, and indeed the drilling results for Kilimapesa, and not just the bits that Caracal decide to share. Sorry to ramble on, but if you are really feeling keen there are all the Goldplat annual reports, from purchasing Kilimapesa, to selling it to Caracal, there you can binge read the whole story of what a problem child Kilimapesa has been, but mostly due to under investment.
ATB
Last bit of advice :) This is a pretty good board. One of the best I have ever been part of. There are some very, very convincing participants on many boards, who you only find out too late were talking *******s. I've been sucked in way too deep on good stories, with the best of intentions and plenty of research. Stick to your rules, diversification and allocations, regardless of how good a story gets.
Yeah I have been fairly fortunate with the timing and hoping to reap the rewards!! Thanks for the info and insight, it's much appreciated !!
QL
Others have mentioned this but larger market forces also play a part. Same can apply to some rises too.
Gcat, as a small cap, like a lot of other small caps have suffered over the last 12 months really not because they arent good anymore but because markets and investors sentiment changes.
Take Green Energy stocks. After Covid hit they had an amazing 9 months, with loads going up over 200 or 300 even %, but a lot of the hype came from new investors looking for a millionaire maker after hearing about stocks due to the Covid drop, thinking the world will recover greener, then reality hits that the world carried on as normal and those investors get bored and leave, resulting in a long slow drop.
My point is, a previous high doesn't mean that value is the correct long term base value, it could well be overpriced due to too much hype, likewise a real low price doesn't mean its no good, it could be underpriced for the long term.
There is also other reasons such as big sellers, trying to get out of long periods of time, dilutions, world events etc etc.
Is the drop because Caracal isnt in a good place? Not for me. In fact I think if you have just found it now, its great news it did drop as potentially timing has worked in your favour here.
Hi sw1000 yeah I am pretty confident this has the capacity to really move and I am looking forward to the journey !!
Have a good one : )
QL
Thanks for the info mate much appreciated !
QL
Hey Swampmonster - many thanks for the welcome and for the advice!! I have been reading and studying posts, trade patterns, comments, etc etc for a few months now and I must say out of all the info I have ( hopefully retained ) I have found listening to the experienced traders on here the most useful of the bunch. I have started in my early 40's so hoping to get all of my naivety out of the way nice and early lol
Great shout re saving some pennies and not the first to offer that advice up so will defo do my best ( even if it does mean giving my Spurs season ticket up!! That being Hotspurs as opposed to San Antonio : ) : )
Thanks again and ATB!!!
QL
I was in aroundate September, got a few near the highs but have since averaged down massively.
There was the hype but also the markets have chained massively due to the war and prospect of recession.
They are in a far better shape now then when I first invested and think this has a bright future ahead, the remainder of this year will be interesting
@quicklearner You also need to consider that most Junior producers and/or explorers have dropped 40-60% over the last year primarily driven by gold/silver weakness. GCAT is down from 1.87p peak in Oct-21 to 0.8p today so 57% down from peak but only down 0.1p from Aug-21 launch at 0.9p or a 12% drop. However looking at the SP alone masks growth in GCAT as it was £13m MCap at launch but is now £15m so a £2m growth reflecting improvements in mine, production, management team, MRE and new Tanzanian project which given the backdrop is remarkable.
ATB APR
Hey quicklearner, those early days prices have more to do with money raising hype than fundamentals. People get in early days hoping for a rocket, but it's a roulette spin and if it doesn't come off, they exit as fast. I wasn't in here back then, so I can't say that's what definitely happened. But that's the usual story.
Good to have you on board. Remember to keep a bit of cash on hand for the outside possibility of a market crash. Its a distinct possibility this year (or maybe next). And you can get great shares at stupid prices. I started managing my own investments during the 2008 crash and it set me up beautifully. Bluest of the blue chips at fire sale prices. Doesn't come round often.
Hi all - I am new to investing and GCAT is my first real substantial holding after I completed what I felt was enough DD to chuck some money in !! Hoping ( and looking ) like a solid start to my portfolio however I am curious as to what caused GCAT to decrease from nearly 2p back in Aug/Sep of 21?? I am sure most of you will say I should know this if I have done my homework but as I say I am new to investing and it's a bloody minefield of information! Any info warmly received : )
GLA!!
Quicklearner79