Member Info for AG1989

LND isn’t the worst comparison Trek with investors choosing Canada over Kenya

That said, the “end story” isn’t that clear over there for me. Will they continue drilling? JV? Go production themselves or sell?

We have a fully permitted Gold mine on the brink of upgrades to increase the production by 100%

In the *

The key factor, it’s 2Moz of “proven gold”. Gold proven up by the drill bit. It’s not a shot in the dark exploration target. We have it in here he ground.

Cheers tradedesk

Just done some cigarette packet calculations

The unground value of 2Moz Gold is

£2,788,000,000

If you were super super super conservative and accounted 90% for costs, hiccups, expansion plans and acquisitions purchases

1/10 of this is £278,800,000. This is still 15.4 X the current market cap of this company.

-currently producing gold
-increasing production by 100%
-increasing resources
-more mines
-reducing costs

It Truely makes you appreciate the long term potential of Caracal Gold. Like I’ve said before, a huge work in progress but one which has the capability to see multiples of the current SP in years to come.

Good volume again today.

Originally they said towards the end of the Quarter, but in latest interviews they’re hinting at very soon, could be this week. But with ongoing drilling and 13,000m planned, there’ll be numerous RNS reports “in my opinion”.

https://twitter.com/AfzalValli/status/1496131262981054471

12,000 followers

Afzal Valli always has a good following on his picks

Cheers Mickey, you too. Yeah looking very good and if we can get a nice rise ahead of assays/Nyakafuru news/Nairobi listing, it should set us up very well to smash through 1.2/1.3p and beyond.

Looking around some of my older junior gold investments which I’m no longer in, most haven’t moved at all. Good to see Caracal getting the recognition it rightfully deserves on the back of a strong start from the board.

Plenty of volume again today, certainly hit the radar's of many this last week. Long may it continue

Similar thoughts APR

What could the bod do to help here?

Increase production ?
Already done. 569-870 oz’s in 3 months.
Plans to a Heap Leach to run parallel.
Fundraise to significantly expand production.

Increase Resources?
Currently drilling with 2 drill rigs
Acquisitions increased resources by over 1moz

Well how about reduce costs ?
Switch to grid power to lower costs for around $100 oz. (yet to really see this benefit but it needs time)

Hire new board members and staff to inject experience and share the work load ?
Already done

Lots of positives here. The share price performance has been frustrating and it remains very undervalued. But let’s let this breathe a little and judge them after -12 months, not after 5, and if you were to judge them now, I’d say the company has performed encouragingly well.

Keep the Faith

Not the price action many anticipated at the start, nor do i think it'll trade down here for much longer. But it's refreshing to see new faces, and most of all, new interest generated into Caracal and more sticky money for the long term. It' certainly not a stock short on volume or discussion, it just needs the right kind of news to ignite the firework, which we know will arrive when ready

aprogerson - A lot of WIP on that list but before you blink, the company will soon be ticking them off one by one. Would be nice to see how far along the process they actually are with the Heap Leach. When implemented, will increase monthly production and will provide needed revenue in the weeks/months the plant may be down for upgrades

We may find a drop in Q1 results whilst the upgrades are being made, but if that results in increased plant capacity moving on from there, I'm all for it

Not desperation Greg, just those who follow the sector closely know what benefits positive assays and results can have. Yet more digs at other posters on here without really providing any substance of your own

Yeah, i think we have a very credible board, with some brilliant additions made recently

The ambitious board making these short term 1,000 oz targets, okay they missed out on this. But the same ambitious mindset will also see the company develop and growth this company above and beyond many shareholders expectations in the next 3-5 years. An ideal opportunity at £16m MCAP for a company with near term 24,000 oz Goals, which alone will generate revenue of $45,000,000

Great to have you here, and Magnum.PI.

I've always believed there are many watching this from afar, and fair play gaining entry down here

It's my first "Production" based investment, instead of my normal exploration choice. Production increased 50% from September to December and group resources increased over 150% to 1.6Moz. The big news comes from the Quarterly updates with the next one we should find out a lot more about their expansion plans and Heap Leach, and how far into the process it is

The drilling running parallel to this is massive, and growing the resources in high grade ground is essential to the future operating costs, AISC and profits. Said it before, a huge work in progress but one I'm excited for and long term, from these prices shareholders should be rewarded very nicely. Assays due imminently, possibly along with further acceptance and news from the Tanzania Acquisitions

aprogerson - Are you a shareholder here if you don't mind me asking?

Remember you from my Gunsynd days, brilliant poster and can add a lot to this board

I highly doubt they want to keep it down for their own benefit. Look how the share price has trended the last couple of months. That’s not a result of down ramping of any sort. It’s a “lack of news” and traders exiting their positions. Welcome to the AIM exploration space. Cora are not isolated to the recent share price performance. It happens all over and I’m confident myself, and my research, to know the strength of this stock. It has everything to gain moving forward and I’m content with my holding moving forward. Very bright future and once results starts to flood in and we get notice of a successful DFS, the rewards will be there for all to witness

Good luck all

Taken from 8th September

“ The Term Sheet envisages:

? Equity Financing: US$12.5m subscription for new ordinary shares of no par value each in Cora at the lower of (i) an 10% discount to the 30-day volume weighted average price ('VWAP') at the date that Cora announces achievement of the Project Milestone and (ii) the lowest price at which Cora has issued new ordinary shares in the 60 days prior to the date that Cora announces achievement of the Project Milestone (the 'Equity Financing')

? Convertible Financing: US$12.5m investment in a Convertible Loan Note:

? Coupon: 8% per annum.

? Conversion: The total amount outstanding under the Convertible Loan Note (including interest) shall be converted, at the election of Lionhead at any time prior to the 5th anniversary of the issue of the Convertible Loan Note, into ordinary shares in Cora at the lower of (i) a 30% premium to the 30-day VWAP at the time of the Equity Financing or (ii) the 30-day VWAP at the time of conversion.”

OAPK20 - I think your missing LW point, it’s not about fundraising for drilling/DFS activities, it’s about the dilution that’s going to come with the $25m term sheet when further shares are going to be distributed

OOSM - No problem and great post(s) :D

The Align Research note touched upon the new acquisitions, but Jason did in a recent Stockbox interview. When asked by Mark Fairbairn what 2022 can bring, he states
-Higher production
-Increase in Resources
-More mines

They really are targeting multiple assets moving forward. It would just be nice for get a surge in share price, because if these companies are keen on taking "paper" as payment, the higher the price, the lower the dilution, which is obvious. The future is all about
-Generating the oz's
-Keeping the costs down
-Grade control

Expanding the resources is key to that 3rd factor. Nyakafuru is numerous, shallow high grade deposits, which will contribute to a number of Satelite pits. Extract what you need from Deposit A, then swiftly move onto Deposit B, another high grade deposit that starts at surface. No urge to spend all of that money underground mining

O/T :Yeah, from the RTO in September it truely has been a work in progress. They acquired the Kilimapesa Gold mine. A producing gold mine, so no $20-$30m CAPEX to construct a brand new facility. Although, it has been very, under loved shall i say, so right now, a tremendous amount of TLC is going into the plant. They have 400 employees. A Resource of 600,000 oz. In september they produced 569 oz's. In December produced 870 oz and the throughput in the plant is still increasing. Major expansion plans underway soon to install a second Ball Mill, with plans to increase yearly production in the near future to 24,000 oz per annum, before taking this to 50,000 oz per annum. There are 2 drill rigs "owned by the company", currently drilling to expand resources close to 1Moz, assays due soon

In December, the company went to Neighbouring Tanzania and acquired the Nyakafuru and Simba projects. Adding over 1Moz to the overall group resource, leaving the company with around 1.6Moz Gold over 3 projects, 2 Moz if Nyakafuru Reefs application is soon accepted for another 400,000 oz. Nyakafuru has previously been taken to a feasibility stage so desktop studies will soon be updated to take this to production as well. There are other assets in the region the company are looking at, another Kilimapesa lookalike, currently producing which they're hoping to acquire this year, adding further oz's to the tally, and increasing production at the same time

The company have a very driven board, and its early days but they have fast and swift plans to transform Caracal into a significant Gold producer, and they've made a brilliant start. An enormous Work in progress, but for £16m MCAP, its definitely worth keeping an eye on. They've gone about proceedings in a manner i've never seen before in the exploration space and acquired these recent assets at an average cost of $5 per oz. Payments yet to be made, but only when certain milestones have been met in progressing the respective projects

Caracal and Cora are on a similiar path. The difference being Cora have spent years proving up Sanankoro, where Caracal have tactically gone out and acquired these ready made assets, and they're all over East Africa. Caracal currently producing Gold, at a profit, but when the Sanankoro mine is fully built and running, it will probably return higher output than Caracals Kilimapesa mine. It'll be interesting to follow

The diamond factor about Sanankoro, there are some shallow, very high grade veins and areas the company can target earlier on for a quicker payback, more profits and less AISC. Growing these high grade areas over the next couple of years is extremely fundamental to the long term running costs of Sanankoro. Both, are big work in progress projects but ones i feel will be very rewarding in the long term.