RE: Been buying these today25 Feb 2022 11:34
Great post Trek
everything has "potential" but not all of them, if many, create that shareholder value promised
You know me from my ECR days. A company and investment i learnt an awful lot from, what to look for, what to be wary of and do the results match the goals being set? they haven't yet but that doesn't mean they wont hit their desired Resource eventually. A lot talk about jurisdiction, which Caracal seem to be operating in a rather strong one imo. But the biggest risk, for me bigger than anything, is raising year after year and plowing millions into these projects, with very little return. And thats what i was finding, after the Boom of 2020, the majority of these Gold exploration stocks lost 50%+, because there was no real value or substance imo being created
Thats when i found Cora. Delivering sensational world class grades on a regular basis from Surface. They grew their Resource base in 6 months 200% to over 800,000 oz with a clear pathway to production. Value being created. That investment, then turned me Caracal. A company with defined Resources and a permitted producing Gold mine. Encouraged in the knowledge that every raise moving forward with GCAT would be value accrediting and would help grow and expand the company in the future. The board have been a breath of fresh air. Maybe a little ambitious with production goals etc, but like previously mentioned, it'll be that same ambition that drives this into mid tier company. The MCAP demonstrates a compelling buy like LW stated yesterday and the positive fundamental here, even after what I'm predicting positive assays, we have increased production results and expansion into Tanzania to take in. Enjoy the weaker share price days and take opportunity for a long journey here
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