Caracal Gold Share Chat (GCAT)

A second director has been appointed to the holding company. There was only ever one director previously which reflects poor governance standards. The new secretary seems to be doing a good job so far.

Very much hope you are correct Apro- $1150 extra revenue per ounce straight into the bottom line revenue if the numbers from the last business plan are used. This time next year Rodders!

ATB

POG now trading at All time Highs in every currency and now including the $USD hitting $1.146 overnight in Asia after closing at ATHs in monthly, weekly and now daily charts over last few days.

My target over next 6-12 months is $2,850 which will be transformational for both gold AND silver miners as expecting silver to break $48 (corrected!) over similar timeframe

ATB APR

POG now trading at All time Highs in every currency and now including the $USD hitting $1.146 overnight in Asia after closing at ATHs in monthly, weekly and now daily charts over last few days.

My target over next 6-12 months is $2,850 which will be transformational for both gold AND silver miners as expecting silver to break $8 over similar timeframe

ATB APR

Heap leech activity over the weekend https://x.com/CaracalGoldplc/status/1731575945113272829?s=20

@Jersey. I echo your comments and sentiments.

Robbie is juggling a lot with not a lot of support, like you I believe this will transform through 2024 and he will get that support, and the cash of course.

Caracal are producing, PoG can only be a big positive right bow and the months ahead. When gold was around $1970 they were selling their oz for $1900 which I thought was amazing.

So much to come here, yes we are in suspension, but this will come out, prospectus will get approved, financing deal will be done and 2024 will be a damn good year for all shareholders here.

That’s my belief. Been here long enough and underwater right now but not concerned at all and just patiently waiting for all the ducks to line up and for the company to leap forward.

Paul I understand your sentiment but the suspension is only stopping one thing at the moment - well 2 - that is trading in the company and I suspect issuing the prospectus.

The company is trading and getting on with the job of producing gold. Robbie has said Q1 for funding and we will be out of suspension surely before funding is announced. Just got to be patient a little longer. If major holders want a change at the top I am sure that they will make their feelings known. Personally I just want the company to be able to afford a good team to support Robbie on what appears to be a one man crusade at the moment.

@Jersey that's all well and good, and I really hope it unfolds as described, but none of that can even start until we get the ruddy suspension lift. We need changes in the executives running this company there's a fundamental lack of basic skills to running a public company.

I have faith they will get there Paul. It’s largely symptomatic of a cash strapped business spinning multiple plates with a skeleton crew of management. I think that we are going to see a very different Caracal emerge in 2024 that will fully take advantage of the precious metal world starting to move up through the pricing gears. Gold and silver are the markets to be in and given we are one of the most unloved of an underpriced sector of junior miner / explorers eat the moment, our potential for multi bagging from here is better than most in my view.

Time will tell - next 4 months to be precise given Robbie’s comment about Q1 for funding.

Would just like to see GCAT execute simple administrative processes before I'd have faith in them taking advantage of a potentially rocketing gold price.

This is a fascinating interview and clearly lays out the complex history behind the current situation and why the Fed have little option other than to print more money. It also explains why it is entirely feasible that POG could reach mind blowing numbers. It’s a long interview but hang in to the end - it’s worth it in my view if only to get his perspective on Wall Street.,

Caracal are lining their ducks up in the back ground and will be perfectly positioned to ride the tsunami wave that is starting to form - we really haven’t seen anything yet with POG and junior miners will ultimately be the winners here. Our time is coming.

Have a great weekend.

Https://www.youtube.com/watch?v=0YP5eqO8HZc

There's also the JV JC, & pogs now 2070, cheers to Friday beers

POG now 2060 - it certainly has a tail wind today!!

Just for fun I revisited the October RNS mine plan - based around POG 1700.

I just reworked the figures on 2050 and it produced free cashflow of $48.9M over 3 years - or $17M more than the plan.

And we currently have an MC of £5M ....

Who knows where the POG will be over the next 3 years but most commentators are predicting new all time highs. Its about to get very exciting here in my view. Out of suspension / prospectus out / funding received / full steam ahead. Well that's my list for Santa sorted!

ATB

That’s the tweets I like to see; positive on the ground action.

Good tweet, I wonder if this is one of the existing or HL4 they were building out

Looking good………….- ‘Hello @caracalgoldplc stakeholders! Sharing recent snapshots of the heap leach plant loading and its pad irrigation’

Do it yellow , use that filter option, off you go like JC with your tail between your legs hiding behind the price of gold.

. JC you were quite right to Filter B. Not one bit of sense. The filter is ideal as pest control.

Zan, I see a very small company that until recently was most likely insolvent.

A incompetent CEO who can't get the basics right for a company to stay listed.

Clearly there's something in them financials that will show deep problems within the company.

But you keep looking at the price of gold, the exact place where JC wants you to look at.

Small caps are notorious for investors to lose a lot of money and there's loads here sitting on massive losses, the same people who probably tell there's wives off for spending a few quid more on the shopping.

Hey JC, I too think lessons will be learnt over time and in many ways there wont be any other choice than to improve in terms of governance. In terms of transparency, thats something I would like Robbie to work on myself. I appreciate he prob feels by not disclosing stuff he might be able to solve before anyone needs to find out and thus protect the SP a bit, but that last interview was what I would like to see more of. If he was more open because he could see the big damage being done or because he has changed his ways, I don't know and tbh don't care, as long as it continues.

Its my view his lack of transparency is what has done him in in many ways. If he had just been open and explained how hard it all was right now I'm sure most would have understood and been more forgiving timewise. Telling everyone that lots are interested and its all final stages (in terms of funding) since about March, I feel made a lot lose faith in him as investors aren't stupid and many will have seen through it.

Room for improvement for sure, but I do feel he was likely saying what he thought was best, over attempting to diseve others, but appreciate that view is and always will be, just a matter of opinion.

Hi Zan - thanks and yes I know it is East Africa - just a slip as I have been looking at a big outfit recently in the West.

Some valid comments this afternoon about the accounts. Lessons will be learned but I think there have been several headwinds not least available cash - but I am not expecting repeats next year for sure!

ATB

JC, FYI GCATs East Africia not West, although I appreciate likely just a quick type thing as I know you know your stuff.

POG is doing well isn't it and hopefully long may it continue. Higher prices mean more in GCATs pockets per month right now which can only be a good thing

Daniel, that is a very fair point. I've notice there is many a hear no evil type of holder who can hear and ignores any wrongs and a equal amount of hear no good types who only look for negatives.

The accounts thing was another example of a wrong, I'm not sure how anyone can hide from that and it does highlight a previous concern in that Robbie only discloses info as and when he sees fit. He knew previous 24k cap target wasn't going to be hit Dec 22 months in advance as he knew he needed 6 months after funding drawn down to achieve, yet he spoke about that target being on track many times within that 6 month period. Equally, in April 23 the company put out a presentation showing a list of targets to be hit by year end. As it stands I'm not sure if any has. Likewise I imagine they have known for a while the accounts wouldn't be filed on time.

That hiding of info is an area that still needs to improve imo but there is still other positives where the company has shown improvements to.

Seeing both sides imo is the only way to see the real truth. Hiding from one blinds you.