Member Info for AG1989

I've heard this before about Cora, and we may get the same this time. All i know about last year, imo, the 100-150% price increase was more than justified with the results being churned out of Mali every other week. Once drilling stopped, investors jumped around to other stocks. It happens all over, the volume will return I'm more than confident of that

I never thought it as first LW but think your right. I'm just hoping new exploration results will essentially, get Cora onto the map and radar of potential new investors, right before the completion of the Feasibility study. There will be ongoing dilution with the term sheet, maybe even below the current price of 6-7p, but with the Value here, i think today's share price, for an average, will be rewarding in the long term

I've made no secret about the fact, Caracal Gold is now one of my favourite stocks. Long term plans to increase production at their Kilimapesa Gold mine to 50,000 oz per annum within a couple of years. But this will be costly in resources, and time. Cora are building a brand new plant from scratch capable from the start of producing these figures. I can see Sanankoro being a 2Moz deposit in time and thats enough for me to buy into at a £24m MCAP

That said, i can understand the lack of volume currently and it could continue for a couple of months. All of the company can concentrate right now is executing a successful feasibility study and carry on with growing the resource with drilling recommencing in March. Beyond this, it's mostly out of their hands how the Share price performs

Good post RP

And just to clarify, the sentiment on here is brilliant, and rightfully so and long may it continue. A lot to get us excited

It has to be Mickey. The company know more than anybody the hard work thats ahead for them, it can't be ignored. But the potential long term benefits will significantly outweigh the hard work and set backs along the way, leading to an eventual surge in share price.

Long term, I imagine Caracal to be the owner of 4-5 50,000 oz pa, Gold producing mines, but this is 3 years from now with Group resources over 5Moz. Happy to enjoy the journey and watch them tick off the milestones 1 by 1 along the way

£16m, more than anything seems like a fantastic opportunity to enter a company growing at the pace of GCAT. There's plenty of time for investors on the sidelines to get in, its been undervalued for long enough, but once the company begin to deliver the results, the volume will surge, but new investors will be paying a chunky premium to today's price to get in

It doesn't work that way Greg. your factoring in Caracals growth to 24,000 oz, whilst not factoring in that Havieron will grow by a substantial amount, It'll have one of the lowest AISC on the planet and Australia's largest Gold producer working around the clock to get it into production. Valuations are based on numerous reasons. forget GGP!! Its that simple

We're valued at what we are and its that simple. We are undervalued but we don't have to cry about it, we dig our heels in and get on with the growth strategy. And as and when we execute that, we'll see the growth here. African mining companies, or junior mining companies are valued horrendously different to those based in Western Australia, Canada and North America. It's factual, the jurisdiction puts investors off but its up to the company to prove, and they are proving, how much of a success Caracal can be. We have the ambitions to send this to 10p, and well beyond if i'm honest, but thats going to take a lot longer than 12 months, a lot longer. Not many will say it and upset the agenda on here, but we need to get our heads out of the sand and take the developments as and when they come, and they will. Ambitions are one thing, but executing them is something else

Starting with the immediate expansion of Kilimapesa towards a 24,000 oz producer, and this little snippet from the tweet today is absolutely key to the growth here

https://twitter.com/CaracalGoldplc/status/1494596600232095750/photo/1

Tanzania: Commence Site preparation works and mine construction

A huge aspect to the ambitions moving forward. I can't judge our future growth by looking at Shanta gold and Hummingbird Resources, however it does give you a basis of valuation of how the markets perceive these junior African mining companies. Both continuing to develop other projects and grow their assets. I think we have the board in place to take this company as far as is practically possible in the future, but its a huge work in progress but i expected nothing different

Year goals
Kilimapesa to 24,000 oz
Take group resources above 3-4Moz
Kilimapesa lookalike/current producer Acquisition
Plans for mine construction at Nyakafuru

Price target: I'd be extremely happy with 3-4p and a 300% share price increase for 2022, actually, i'd be delighted - all my opinion

PP - Couldn't comment too much on the funding but with the amount of warrants being exercised, I think there has been a sufficient amount in the Kitty

This has 4 projects, which all could have company changing potential, if proved up. Drilling recently completed at NZ, confirming the presence of a lot of Gold, low grade, but its there. More diamond drilling to take place

https://www.lse.co.uk/rns/ORCP/positive-gold-assays-northern-zone-gold-project-2sdf3u53dopde7g.html

7,000m RC drilling being carried out, 9km east of the 10Moz Jundee gold mine, previously untested and surrounded by a host of other deposits. If the results are favourable here, we could seriously be onto something

My preference at NZ is to get a Resource out and JV the project out. Give another company 40/50/60% of the project in return for spending X millions on NZ and really fast tracking it

Then they have Thar

https://www.lse.co.uk/rns/ORCP/coal-to-gas-development-mou-signed-with-ssgc-5lr12ozzfk6gqhj.html

and what Naheed and many think will be the real company changer, the green hydrogen project which is gaining traction at a favorable rate

https://www.lse.co.uk/rns/ORCP/publication-of-information-memorandum-6tku57jijpktts7.html

For an £8-9m MCAP, it's a brilliant investment for me

Yeah. It’s nothing to do with a caracal acquisition

Very excited. I’ve never been as sure, and positive as a drilling campaign delivering results, as I have been at Sanankoro.

The potential here is into the millions of oz’s, and whilst they work hard with the DFS, the results from this should continue to peak interest in nee shareholders

Yeah I just find myself going around in circles on these boards sometimes, my own doing. Until there’s anything new or sufficient to discuss, I sometimes stay away

The mistake the other day was a strange one. I’ve been buying regardless, because long term, something like that doesn’t cloud my judgement of my long term aspirations here. That being said, for those who bought on a slight rise on the back of that at 1.25p, you’d feel a little aggrieved, especially when you can now buy at a 10-20% discount of that. Hopefully all meaningless in the long run when the price shifts forward, but something the company will address moving forward

I’m looking for strong exploration and continued growth in production. Regardless of the 1,000 oz target set, by the company, for December, the results were still very promising. An increase across the board in production with strong signs that could be set to continue.
Assays is the next one. How strong is this deposit and have the company got the capacity to grow it into the millions of oz’s, ultimately increasing the mine life on a 50,000 oz pa basis. Plenty of other ground yet to explore in Kenya too

This should be trading a lot higher than it currently is, but the market works in mysterious ways. Certain buzz RNS reports get people interested, assays being one. Release some long intersections and high grade pockets, I do believe the volume will pick up.

A long, long race to run and I’m looking forward to sharing it with a lot of you, and making a lot of money in the process “fingers crossed “

OOSM - Great post, and i've not been around the boards at all much this week. I applaud your research, once you go down a rabbit hole, you really don't stop

From what I've gathered, Nyakafuru was predominantly developed in the early 2000's. Companies involved

IAMGOLD
Spinifex
Resolute Mining
Manos Resources - I'm not sure much work was carried out here

And over the years, the licenses have been passed around, snapped up with similar hopes of taking them to production, post feasibility study. Let's hope Caracal's intentions are genuine, which i strongly believe they are, and they hit the ground running once the licenses are all fully granted and work can begin, and it doesn't begin to gather more dust

https://www.asx.com.au/asxpdf/20170207/pdf/43ftlsbt6g5bvp.pdf

This was the Manas presentation i found, which you can see a lot of familiar slides

I'l try and find out some more but i think there are disputed areas surrounding our granted package, but more will be made clear if and when Nyakafuru Reefs are accepted. It's a huge area, with the 400,000 JORC Resource made up on a combination of several Reefs. I think 12-13+ have already been identified with a number of others already identified. The upside potential to grow Group Resources at Nyakafuru looks greater than Kilimapesa and when the drill bit starts to turn here, this is when I'l be the most excited.

Spinifex - A company who used to own the project, I don't think they exist any more. However you can track their Quarterly reports from 2000-2003 and the grades coming out of the project were spectacular. I have the links somewhere, just to demonstrate the prospectivity

In terms of the licenses themselves, maybe this is something the company can Clarify in the near future.

But ultimately, this goes a long way in providing the answer

"Anyway Mabangu Mining Limited was a 100% owned subsidiary of Resolute Mining Ltd, which is quite clear, as the annual reports, I am slowly crawling through detail various things including the battles with the Tanzanian Tax Authority relating to Mabangu."

Resolute mining bought into the project with Spinfex and carried out the bulk of the work

Looking forward to news on many fronts here. Jundee East drilling results, more drilling at NZ and get a JV signed to progress it further. Thar and green hydrogen news, "both company changing in their own right", or certainly have the potential to, could land any day now

Yeah, Robbie has retweeted a couple of my Cora tweets which is interesting. Maybe he just likes to keep an eye on other junior companies within Africa. The huge plus about Cora, is that their main shareholders have bought in at every turn, at levels higher than what it is. When the financing comes for the Term sheet, i want to align my average as low and best as i can with the top shareholders who are clearly confident in a substantial return on their investments

Twitter is a brilliant platform for Caracal and shareholders to use, you just have to surround yourself with the right caliber of posters. It's certainly keeping Jason busy running his own and the companies account, they're probably just regrouping before the next lot of news hits us. I like to give them a little bit of breathing space and don't see the need for an answer or clarification on every RNS or tweet posted. I don't blame shareholders for contacting them, and it can provide a basis of reassurance when the company contacts them back. I'm just encouraged and happy with the long term ambitions i have for the company so will sit back and let it fall into place in the next 6-12 months

RP I've only messaged Robbie a couple of times, just to congratulate him and the team on a strong, swift start. It wont actually let me message Jason, whether its because he doesnt follow me, who knows. But our twitter group, there are enough on the ball and messaging both of them on a regular occurrence so i feel like I've never really had to. I like the open communication between the board and shareholders, but with other companies I'm invested in, I've never had this level of communication with the board so I'm more than content with the current activities.

O/T - cora - It's been very low on volume for a while. Kind of expected once drilling finished, and the 200% Resource increase was announced. They've been hard at work with the DFS and it's a share I'm seriously thinking about loading up on, especially with mine construction "around the corner". The exploration upside at Sanankoro, in relation to the company it belongs to, is enormous. One of the best projects I've been invested in and an exciting future

I'd like to see more long term targets and focus on them. Not 1,000 oz Q1, 1,500 oz Q2 or targets set like this. Just 2,000 oz by the end of 2022 and which each set of results, we can see the gradual improvements

Like we did from September "569 oz" - December "870 oz"

with the upgrades, it really is a work in progress and will remain so for some time, but one which will demonstrate strong growth, good cash flow and Resource and production expansions. Made another top up and kindly reminded myself that all of the Catalysts remain in place and the long term valuation remains very Bullish. Slight mix up yesterday which wasn't good but i believe the company moving forward will act with more care and attention so nothing to worry about

Filtered. Enough of that. More tiring than John at times

Greg - discussing the companies mistake, does not correlate to “all the weak hands selling”.

It was a mistake by the company which they clarified upon. But investors are still aloud to discuss it. All of this 10p talk and “10% traders” is getting slightly embarrassing now

Someone bought £10k worth at 1.23/1.24 this morning on the back of that RNS. There may have been others too

Let’s hope for no more **** ups and we get some stonking assays to bring back sentiment and rocket this thing up

Good little placement now. Not that it was guaranteed to come, but some may have expected a placement and sat on the sidelines

It’s out of the way. No discount for it and funds the company to expand production by 100%. Gets my vote.

Had just hit $1860. Flying!!