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Thanks red kite & dd
Six months is a substantial period for non compliance of the company's obligation, four months from the end of the financial year is the expected period for audited published financials and we're now ten months past.
According to the listing requirements, the company is now at the discretion of the FCA and LSE.
If the company fails to publish its results soon, the FCA and LSE may consider further actions, including the possibility of delisting.
One can only imagine the rush for the exit and resultant destruction of the SP if .... and I now feel "if" this gets relisted.
It has now become a total joke. It's an audit of a small gold producer thats outstanding . It really isn't that difficult . Lords knows why it has taken so long .
Checked with HL and advised they get updates from third party. Could be due to suspension lapse of six months.
Maybe confined to HL - I can see mine still
Yep, same. I think it's because six months have elapsed.
Yes. Me too.
Noticed today for the first time my caracal total on HL was missing. Previously it has always shown the total from the last day of trading before suspension. Hopefully just an admin thing but wondered if anyone else had this?
People present but not from caracal. Hundreds of companies registered there, it’s an accountants or a service office.
I think that you are reading the situation incorrectly - this is as far from a lifestyle company that you can get.
I imagine he's making the most of the remuneration package until it all goes pear shaped.
Interesting I've just had an email about Reinstatement post compliance.
'the decision to allow trading to resume will depend on the circumstances of the delay, the content of the disclosed financials, and the company’s ability to demonstrate that it has rectified the issues that led to the suspension.'
I see Goldstone managed to get out their audit and a funding done. They will be readmitted for trading soon so no reason why GCAT cannot get it done.
Think you missed the point of my post, I was actually saying tweets are a waste of time as people stop taking notice if there are too many.
And I agree, RNS are the only things people should pay attention too in an official capaxity
Sw10000, not everyone has the time to search all the social media outlets for announcements which aren't actually considered legally
official anyway RNS's are binding legally.
Yea Sparky21, I sent an email a week ago from their online form, but no reply yet !!
Dress it up any way you like but any small cap company that moves away from the structure of quarterly updates, not updating shareholders via RNS on transparency issues, is a big red flag.
The truth is the majority of shareholders here have totally over invested due to believing in the CEO and not looking for the facts that surround all the ongoing issues with the company.
40% chance of relisting in my opinion and if it does and RM hasn't got anything substantial to add it might as well not bother relisting because of the bloodbath for current shareholders, myself included.
Hi Zan
Stands tall / hides away....
I understand and empathise with the points you are making - but standing tall can come in many guises. So does hiding away.
I understand the frustration on the lack of recent comms - Robbie has also acknowledged:.......I am very aware of the frustrations and anger of shareholders and I agree you all have every right to be frustrated......
What we haven't seen is the evidence of standing tall but doesn't mean that he hasn't - I can only imagine the leadership that has been required to take this company forward over the last 12 months with limited working capital and multiple headwinds - hopefully we will shortly see the evidence of progress which hopefully will include a robust plan going forward which is fully financed. So Robbie is still leading the show and maybe hiding away can be confused to a degree with getting on with business - but there is no denying that this should have included a better comms strategy. We all learn from hindsight. Lessons I am sure (hopeful) will have been learned and with the right financial backing and team support, will not be repeated.
I remain extremely positive even though I have had my sleepless nights at times over the last few months!
ATB
Hey Sparky,
Good shout with that email. I had been using the info one too, to no effect. Sounds like its prob never checked.
Daniel- yes that’s where I found it.
I suppose it was just the right time to get a reply.
Not sure who else has been emailing that address but as I mentioned earlier if he is being transparent about the auditors being close due to not doing anything for the last 6 weeks then he’s gonna need to start making noises to get caracal being talked about when they come out of suspension.
Unfortunately due to what happened with OCIM he needs to find the right balance of banging the drum loud and not ramping this to the moon!
Sparky21, there's no need to check as you have verified yourself as being truthful.
Thank you
Check the end of the mines and money presentation April 2023 in the corporate updates section for Robbie's one (the one I use - think he has ghosted me though lol). GLA, Dan
Hi babyeto
I was emailing info@caracalgold.com for weeks, then when I was looking on their website this morning there was another email, sure if you’ll look but you should find it on there robbie@killimapesa.com
Emailed at 10:56 replied at 11:45, so by my maths that makes the reply within an hour.
There’s also a third way to contact them by email and that is by filling out an online form which someone else suggested on here the other day.
Let me know when you have looked on there website and found all 3.
'I went onto caracals website and found an alternative email which I thought I would try and got a response with an hour.'
Brilliant, so if there isn't an alternative email address on the website that would mean the email is BS.
Happy hunting everyone!!!
There will be changes announced to the board and management team also in due course that will rebuild confidence and demonstrate the ability of the company to attract the skills to complete the project.
Please feel free to reach out to me anytime.
Cheers
Robbie McCrae
Director
Tel Kenya: +254757071850
That’s the last paragraph of the email which I sent over earlier and Robbie’s signature. So pretty sure it was Robbie as that’s who I specifically emailed.
This is a genuine email, I am very aware of a number of people who are in the red here and displaying this email on false pretences is something I would never dream off.
As I have put in previous posts I have emailed several times before today with no reply from them, this morning I went onto caracals website and found an alternative email which I thought I would try and got a response with an hour.