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OnlyOneShareMe - I fully agree - my money is literally on Robbie achieving all of these goals.
ATB
and Uncle Alan says........‘Fiat money, in extremis, is accepted by nobody. Gold is always accepted.’ Alan Greenspan. (1926- ).
@JerseyCrew
All joking aside, the daft thing is, if Caracal can actually increase gold production to 24,000oz p.a. and the resource to +2Moz at Kilimapesa Hill within the 12-18 month timetable. And additionally have a roadmap to raising production to +50,000oz p.a. and building a JORC compliant resource base of +3Moz at Kilimapesa alone within the 18 months, it truly will be a 'Top Stock' by any measure in it's class.
At that time, those of us staring at the SP today, will truly count ourselves blest, to have hung on through this storm, and Tanzania will just be the enormous cherry on a thickly iced cake - and who knows Robbie might actually be within touching distance of his dreamed of 80-100M Mcap.
Cheers Trek
Hi Mickey,
Yes I know. That just means more stringent company regulatory compliance in terms of reporting.
Nothing to do with liquidity. It’s actually traded on SETSqx. Normally for less liquid stocks.
‘A riddle wrapped in a mystery inside an enigma!’
Usual caveats
Trek
They are on the main market Trek, much higher standard of Liquidity
ATM can get a quote to sell 3m max on ii at .65 and could buy at .67.
Amazing liquidity for a stock this size!
Still no TR1’s, so someone may be being naughty. Which does happen.
(I reported Acacia to the MAR for blatantly selling (SNG) without notice and the MAR said they would send them some educational material! I reported them twice more after for different companies and the MAR said they don’t comment on individual examples!
So yes it does happen and it isn’t enforced although the TR1’s did eventually come through. Imo the MAR couldn't care less if a PI looses money while an insti makes it! All part of ‘regulation!’)
Or one can assume this is having the arse traded off of it but for the most part the spreads are a deterrent although that said I have managed to sell some and buy back cheaper but days after selling a small percentage not the same day or within a day.
Probably a combination of both brought about by the confusion in the comms consequently dividing opinions and likely even resulting in -20% down folk selling.
Seems to me that whenever RM tries to address it more confusing evolves and more selling!
I hope the next interview and newsflow clears up some of this and clarifies the objectives with more ‘how’ not just ‘what and when’.
I am still convinced this will turnaround. There are some very knowledgeable posters here who’s data I have validated and think this is just teething problems.
The mcap is getting so disconnected now. I have set another buy target having sliced elsewhere.
Very interested to see what’s next. Fingers crossed emoji!!
Good luck with your investments
Usual caveats
Trek
Q1 results mentions 24,000 x2, 24ktpa x1 , 25,000 x1 & 50,0000 x1
Seems a bit excessive if they aren't ramping.
My take is the warrants with 2.5p strike price ending 31/12/22 they need the SP well above 2.5p for the warrants to be exercised.
Who's holding these warrants? Can't be someone selling at a loss who would still make a profit if the warrants were exercised?
There's a lot lost in translation the 1,000 ounces by end of Q4 was just a proof of concept, does that mean 2,000 ounces are also a proof of concept? The goal is after all 50,000
...and a more worthy Tweet of discussion this morning would be
Pictured is Lojomon Biwott, the newly elected Non- Executive Chairman of Kilimapesa Gold, visiting #GCAT’s flagship mine in Kenya and meeting the #mining team. He is also the former Kenyan Commissioner of Mines. #gold
"Kenyan Commissioner of Mines" - this could well tie in with the other Tweet and my reasons just posted. Just a guess though!
In previous interviews a while back, the Government were talking to GCAT to see if they can work closer with Artisanal miners, to stop all the pollution they were making through use of Cyanide, amongst other pollutants.
The talk was of GCAT processing Artisanal miners ore.
Maybe that's the reason for a 1.2mt pa pad?
Context context context chaps - sound bites out of context just start rumours and speculation.
Suggins,
That was Artisanal miners being shutdown without proper EIA approval. But yes the company should have mentioned that.
JC, But you were also on both of the RM informal chats ;-)
Meanwhile MM's will take 18.75m shares off me at bid.
Suggins - anyone reading the Tweet will know that this was an artisanal mining outfit and nothing to do with Caracal. Anyone taking an interest in GCAT will have listened to the recent interview with Robbie when he referenced the artisanal miners and their activities and how they were trying to support the government in working with these type of mining outfits to prevent continued environmental pollution. The Tweet actually raised awareness of the issue and underpins that GCAT and it's sustainable mining strategy is supporting the fight for good.
Not sure they are doing a great job itsyou.
Company put out a tweet this morning about a mine being shut down for breaches of environmental rules without making any comment about how it would not affect Caracal. Seems a bit odd to me. It may well be obvious but I think it would be sensible to make it crystal clear.
Itsyou - I didn't know that but it makes entire sense and also underlines the gap between the interview taking place and being put on line - the sign off requirements that StockBox referenced to me in an email.
Simple as that folks - no hidden meanings / agendas.
"but not now i believe, seems strange" - The departed JB used to do the Twitter.
GCAT have new guidelines that all PR now has to be approved by the BOD.
At times I feel like I am a lone voice of reason here.
Definition of ramping: drive up the price of (a company's shares) in order to gain a financial advantage - source of definition Oxford Languages.
The company have been setting out their strategy and targets. That target is a run rate of 24K oz pa. The deadline to hit the run rate is the end of 2022. They have re-emphasised that they re on track.
Is this ramping? Seriously?? Is silence preferable?
You can please some of the folk some of the time............
bebeto your right at the start they were ramping flat out on twitter, but not now i believe, seems strange to be super excited one minute then silent the next god knows what's going on, but as someone was pointing out on here there are far more positives since the listing and were far further up the road, and Robbie splashed the cash on a wad of shares, which i think no way he would have done that if he thought the price was going to crash down here, everyone's guessing what's going on hopefully Robbie is reading this and that stockbox interview clears everything up.GLA
Robbie & Co have ramped the hell out of 2000 oz production and they won't be delivering it for 6 months. He kind of brought it on himself it's going to be a long but lucrative 6 months
Maverick: This is what I call a target rich news time for GCAT.
Goose: You live your life watching the share price Mav.
Maverick: Goose, even you could make money with a share like this.
Goose: Hell, I'd be happy to just find a share that would just show blue at the end of the day.