Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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At least, is being positive for GCAT. Currently just tipping $2200/oz. GLA, Dan
Gold price is only relevant when they make a sale. At best a dozen times a year but doubtful much has been sold since last June. There was nothing in the most recent update to suggest any gold has been sold recently either.
The Minopex expansion plan, estimates after upgraded plant, production of 1,365 oz per month.
Still some way to go with variable revenues in the mean time. Another cash generating company Bidstack recently went under, so it's still a threat HERE. IMO
RNS, still raising funds of the last resort.
Another payday loan. But if someone is willing to pay in return for some shares at 0.3p it means that they managed to persuade the funder that they'll get their money back. Frustrating but I read this as a positive sign
I tend to agree Magoo. They just need to get the bloody accounts out !!
It's standard practice to pay a small premium as it covers the costs associated with the issue of warrants.
Hundred percent agree with this, no one is lending money unless they are convinced they will received their funds back.
As all have said, it's time they need to show progress and where the money is spent , get the share back listed as a priority
Company continues to be saddled with debt, dilution and warrants. Nowhere near the type of financing that has been promised. Just have to hope this is part of some coherent plan, rather than just emergency reactionary financing!
Well they have to complete the Prospectus for the FCA and before that have to complete, publish and file the A/Cs both before these extra dilutive shares and options are issued !! So stop dithering Robbie and get them finished before Caracal has no money or gold left !!
Didn't realise the payments started yesterday as interactive investor's news content didn't give that detail.
But it's shocking that £46,800 (6%) is being handed to a NED's firm for the introduction of the investors and saying WE Shareholders think it's fair per the RNS.
How really 'dirty' is the BOD of this company, I guess we'll find out in time, but the Prospectus and A/Cs have to be finished by the 5th receipt of £156k in Apr2024 anyway.
RM has been working night & day for months to this back listed.
lol this is an absolute joke, surprised not more investors are saying so.
I have just got a bit of frustration off my chest by emailing the company. No ranting just asking whats happening. Emailed before and got no reply so I dont expect any reply this time, but maybe miracles do happen.
Gold approaching $2300. We need to get relisted and raking in the money.
Yep, if you cannot make it work at these prices it was never going to work .
Been updating their website today with new colours and changes to the layout
After expansion program they might be doing a bit of raking lol
Apparently they have the numbers on RM's computer and they are just finalising them....
=RAND()
@bebeto there’s been a lot said from Robbie McRae like the “figures on my computer ready to be released” , also in November when we got suspended that the operation figures would be released the next week, still no sign, when the share price tumbled from OCIM pulling the plug he mentioned about buying more shares… still no sign.
When this gets relisted what’s everyone’s views with the current gold price, selling up or gonna see what’s lurking round the corner?
Agreed, hindsight and the trail of comments doesn't look favourable for Robbie, I have a large number of shares and will decide how/when they come back.
If they come back with a good update , governance issues sorted and funding then I will continue to hold but with extreme caution, at this stage I have zero trust in the board and hope any funder will place their own team here to give down credibility
If it's another scrappy entry with no progress I will move on, ultimately at this stage the important thing is we get relisted then we all have the choice .
Probably best not to expect too much from the company,
The October RNS mine plan indicated 1365 oz per month production after the expansion. Which is over 30% more than Goldplat's plan.
If you were the lending company and you looked through the financials and production since the company was formed, it would be doubtful whether you would lend to any company teetering on bankruptcy.
RM can say whatever he wants but can't escape the audited financials, if the company is to remain listed.
All, shouldn't things start happening this coming fortnight like Audited Accounts filed, External Finance solidified, Suspension Reversed ?