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Check out the last two assay results and you see this
Chief executive of Caracal Gold Plc, Robbie McCrae, said: "The second batch of sample assay results from the drilling programme on Kilimapesa Hill continues to confirm strike and depth continuity, with positive gold grades, as anticipated.
What was anticipated?
strike length of 1,875km has been identified and drilled with the remaining drilling expected to extend this strike 300m to the west and 400m to the east for a total of 2,575km.
No I'm super confident the delay is because it's better than expected results.
Greg,
Safe to say I’m not quite as bullish as you, but I sure hope you are right and I’m wrong
ATB
Air of caution is needed Greg25, especially when late RNS's are concerned.
ID78 I don't think it will be production & sales that it will rerate on. I think it will be the MRE followed by multi-million pound investment then another MRE and then finally production & sales all by the end of the year.
RM was over here just a few weeks ago and he didn't come back for a PI meeting I'm not buying it.
5p by Xmas
You'll see
@onlyoneshareme- I’m of the same opinion, it is production and gold sales that will move the SP properly into an upwards trend. Production is the last thing niggling me, and in particular mining that amount of ore. They need to mine each month the tonnage that they mined in all of Q1 of this year….. and that is for the 15196 oz a year figure.
Anyway, MRE predictions….
-Greg: 1mill oz now, 2mill by end of year
-Aprogerson: 1mill oz by end of year
-Me: I think we could get close to 1mill now (if we still count red ray), but I can’t see 2mill oz by the end of year.
See them now predator - oh well - each to their own.
@JerseyCrew
Like you, and others, I only expect the updated and improved MRE to provide the evidence of how sound Caracal's plans are going forwards. if that sends the SP upwards, IMO that will just be a bonus, as I personally believe that only regular gold sales are going to attract mainstream investor attention at this time.
The plan to bring the HL expansion to the fore of production is the clincher for me, as it ensures the revenue stream continues whilst the processing plant upgrades are completed.
I'm also grateful for Bebeto fishing out the previous Goldplat JORC re-rate details, as it demonstrates clearly quite how comprehensive and thorough Caracal's drilling operation actually is. I think that the fact that Golplat missed the open pit Mining opportunity on Kilimapesa Hill shows how much of a forensic examination is being carried out by the Caracal team with Franck at the helm. As was also said, with Riian's HL expertise on tap, Caracal can utilise lower gold grades to efficiently add those previously unused ounces to the balance sheet.
ATB & GLA
I can't see evidence of a big seller recently predator unless I am missing something?
all i know is i hope results are good and the seller gets wiped out soon, this needs some facts and figures through an rns to get this moving.
Do you all think RM flew in for that interview last night? The company isn't going to move forward very far with just PI's
He's courting potential institutionals, don't be surprised if there's going to be a major investment coming here. The MRE will be used in that process.
JC - I agree the MRE may not give much of a lift, for me I’m keen to see the MRE as it will give me additional peace of mind. As I see it there are 3 main risks, and having enough gold is one, which I am relaxed about but seeing it in the MRE would out any niggling doubts to bed.
(Another if the risks is financing and thanks to many posts on here and Treks post last night, I am completely relaxed about that side of things)
In terms of transforming the SP - personally I am not expecting it in the very short term irrespective of the revised number. Hope I am wrong but you will have the sell on news brigade that will probably offset investors that have been sitting on the sidelines. I hope I am wrong but for me, the real benefit of the revised resource numbers will be the reaction and realisation of institutions and stickier hands. That is when we will see the sustained increases in my view. Couple that with revised forecasts for the POG - some think $2500 by the end of the year and do the maths in terms of how this impacts straight onto the bottom line when we are hitting 24K oz pa run rate. Traders will trade but for me this is a simply a stunning investment opportunity.
ATB
The spread is very tight by the way 0.6627 v 0.6789 on a £5K trade. Translate that against the data on here for transactions and we have a mixed bag of buys and sells - not the sea of red quoted. The MM's are waiting and watching as well. I have said it before but will say it again - what an opportunity to get in at the start of a great journey with this company.
ATB
Live on ii for 500k 6785 v 6627.
The ask has moved up slightly from 6722.
My buy at 6789 for 500k will show up in 15mins as a sell.
Funny game investing, now is probably the best time to buy as the CEO told us the cash position and that ops were funded from revs but most are waiting for the price to rise hopefully on the back of the MRE before buying more. You. Usually pay more for news.
Well having got my average down that’s when I may sell a few back towards my core holding with a lower average to let run as I am a little top heavy but then still have the option to average again on any pullback.
I guess it comes down to if you think the MRE will transform the SP. I think it will add numbers to what we thought and because the drill has moved on. I think that is a good sign together with RM’s buy.
Lots of ways to play this only time will tell which is better. Let’s hope all are winners as we get back to 1p.
Usual caveats
Trek
I think that Robbie fully expected to be able to give the update yesterday - someone from the Telegram group was in attendance and spoke to Robbie by all accounts. Not sure of the detail for the delay but I would rather we get news slightly later / as up to date as possible and totally correct rather than rushing to meet a forecast deadline (remember we are in the hands of the assay lab) and having to backtrack for whatever reason at a future date. A little more patience is all that is needed here imo.
ATB
We all do mickey, could have been explained last night the new date and reason for delays, i certainly don't like it when company's start sliding on putting out news, or more so no up date to say why there is absolutely no reason to not put that news out keep the share holders updated and happy. But like i say something was maybe said last night. GLA
The market likes dates Kept imo
0.67 to buy?
Thanks for your info :)