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My understanding of the main market is they have until June, the FCA has the authority to remove a company anytime after 6 months suspension.
It's not AIM listed nor ever was, FFS.
Gold at $2416...
That's crazy and we should all be rolling around like pigs in the mud but sadly not, does anyone know how long a company can be listed before being delisted?
6 months in now , anyway have a good weekend and we will see what the rest of April brings if anything, at least there is sunshine outside
Are there problems with the audit and/or with the FCA?
The whole situation is just an utter ruddy disgrace !!!
There have to be consequences for the Board.
In noted a Tycoon in Vietnam was sentenced to death for fraud the other day.
Not saying the FCA should adopt such an extreme policy but they have to get their act together to better regulate AIM or you might as well shut it down.
Have to agree with a lot of what SW posted. If this is relisted then the CEO needs to go. Clearly out of his depth here, god knows why this is taking so long.
Imagine gold being $2400 and the company isn’t issuing any operations results and in suspension.
I’ll keep hoping for that RNS but unfortunately the longer this goes on I will just have to accept this was a disaster share.
Good luck all
As my good lady says, not saying is a form of lieing!
RM couldn't fool everyone, I see right through him and his lovers.
50/50 whether this comes back IMO.
I'm only a small investor here, I just read the board.
Not a clever man, how can this be that six months have now passed and very few comunications, except about the audit, any other company would be hauled across the coals by now.
I call it stealing, here Mr Caracal have some of my hard earned cash and ........ do nothing, I can't even sell my shares.
I'll keep my shares and wait (can't do anything else) but there needs to be some fantastic news to stop me from selling. Surley 50/50 that it ever trades again.
Fully with you on this although I've bottom drawed this now, whilst I hope it will come back I'm also fully in acceptance the CEO has spun us all some fine tales , the most recent being the statement around the audit being simple and should be back and listed quickly in his last interview.
Also, the last RNS stating the results would be published end of the month... still no sign
With gold where it is , if they cannot be successful now there is no chance.
At this stage the only thing to cling to is the fact large sums have been loaned to them in the last 6 months and new equipment , those individuals would have done due diligence, also new people joining the company.
Being optimistic , maybe they are getting on with upgrades and will come out Phoenix from the flames style but given past statements I'm not so sure
Anyway, the wait continues. If this does come back and receives funding I would like to see more responsible people on the board and the CEO replaced
Ground Hog Share. I awake every day . I hit the RNS feed looking for the " Caracel share being relisted RNS" . It is'nt there . I curse Robbie .
I for the life of me can't even conceptualise how an audit of a small gold producer takes this much time .
Still crossing T's and dotting i's on that bloody audit? what a joke
Will they need to do a placing at the same time they publish their accounts?
This has to be re listed this month surely! Into nearly 7 months now now since suspension.
Gold price going through the roof come on Robbie, let’s get this get gig back on again!
All will be revealed at some point soon, the company doesn't have forever to come up with the goods.
It's definitely hard to provide any defence at this stage , the audit has been in the final stages for quite a while.
Let's see what April brings if anything ...
I cant disagree that the timeframe taken is shocking. I cant see how anyone could make excuses for that either.
Management has a lot to prove here and as it stands are currently proving they aren't capable.
You are a better man than I Dalesman if you can maintain patience. The time taken to get the audit done and the share relisted is just a testament to how inept the Management are. What's especially galling is that this isn't the normal speculative gold discovery play . They have the gold and should be throwing cash off the mining operations!........Places hand on forehead :) GLALTH
Still waiting patiently here.
Hopefully sometime soon it will start moving again.
The occasional communication wouldn't go amiss.
Come on fella ' tell us what's going on
All, shouldn't things start happening this coming fortnight like Audited Accounts filed, External Finance solidified, Suspension Reversed ?
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.
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 .
@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?
=RAND()
Apparently they have the numbers on RM's computer and they are just finalising them....