Member Info for AG1989

Hold 86% of the company. Very sticky hands indeed

A number of investors on Twitter asking for this to be published and the company listened and got it out. Well done.

Cora should have their Feasibility study completed soon, this will trigger their term sheet for a $25m plant. But a lot of equity to convert among other debt, so yeah those figures i can't imagine, are too far out

A couple of long width, high grade hits would be brilliant for market sentiment, but the end result is all about increasing the measured/indicated Reserves, and extending the mine life with a consistent grade, if not, higher than what it currently is. As the company found out in December, once in production there will always be issues with grade control, with unexpected drops in grade hitting at any minute. A factor not just isolated to Caracal, but many producing companies. Keeping on top of this is crucial, a fact the company seen well on top of right now

Figure of speech sorry Predator, Holding a fair amount in 2 accounts but not as much as some i know. It's all relative really on a personal perspective so as long as your content with your holdings, thatch all that matters

Greg - We definitely share the same vision for Caracal, about it growing into a mid tier sized company. I just believe 10p will take 3-5 years, once we get production up between 25,000-50,000 oz pa, on top of 2 other producing Gold mines

But.....if it comes far sooner then ever better :D

I wish i had that confidence to be fair - It's growing but 10p is a big stretch for me and £160m MCAP. If it comes in though Greg, I'l retire at the age of 32 so fingers crossed

Good listen overall, both spoke well and sound extremely confident about releasing some appealing assays in weeks and months to come. To already have one eye on putting out a Resource increase in the middle of the year is testament to the drilling this far

Not an awkward interview but Robbie spent some time talking about the drilling programmes, for then to be asked about the drilling yet again. Questions seem a little robotic. That said, Robbie is speaking very well about the campaign so far and hopefully have some exciting results within weeks

https://twitter.com/OraclePowerPlc/status/1491713559742451712

#ORCPGoldUpdate
The team is to remain on site at Jundee East for three weeks for the drilling programme and we look forward to receiving and reporting assays from the programme, which we are confident will be promising.

They were confident with the NZ and yielded good results, this would be amazing on untested ground

Operating costs
September:$985 per oz
December: $960 per oz

I think this went under the radar, a 3% saving. It doesn’t seem that significant, but when you think in this period, the ramp up in operations and productivity, it’s a great achievement.

These are the parameters il be judging my investment on moving forward. Improvements across the figures. Looking forward to more interview today with Jason and Robbie

Oz's produced
September: 569
December: 872

Group Resources
September: 600,000
December: 1.5Moz - will be increased to 2Moz on acceptance of Nyakafuru Reefs

TPD:
September: 400-500
December: 1000

Production plants
2021: CIL plant
2022: CIL plant & Heap Leach

It's only going one way. Undeniable progress, keep loading up

Some great posts to read this morning, very good discussion. OOSM, A 9.5/10 for me :D

OOSM

I noticed that too, i think it was pure confusion or just an oversight

Mark, was talking about the acquisitions increasing group resources to 1.5Moz, but Robbie was purely focused on Kilimapesa and answered about increasing the Resource there

Very good listen, Stockbox interview with Robbie

It sounds like from Robbie's interview, it was a grade control issue in the second week of December. They've addressed this and grade control from September to December sustained and increased which is a key issue moving forward.

https://twitter.com/StockBoxMedia/status/1491419565318107136

Enjoy

As far as I can see Rp, the target was missed. 1,000 oz wasn’t achieved, production rate going towards that apparently was. Not great, but not the end of the world

My take on it, if the company hadn’t came out with this “1,000 oz December” target, and from September targeted 24,000 oz within 12-18 months, I believe today’s reaction would have would have been better received. If you produce 569 oz’s in September, and 3 months later in December you increase that to 870 oz’s, that’s progress. That’s brilliant progress. Something telling me that they’re working hard for that 2,000 oz a month long term goal. Without being hell bent on hitting 1,000 oz in December, you’ll realise that they are heading in the right direction and today is not “bad news”

Will it stop the company in the future making these ambitious, short term goals, potentially. They’re an ambitious board, driving for results quick but these are targets from the board, not shareholders. It may be a little more relaxed moving forward with targets, but the increases and growth should impress a little further

Need to hear from the company. Nairobi listing, not a major tick on my priority list, but what was expected to be completed in Q4, is now due for Q2. Could be purely down to admin work but another target missed. Bring on the assays. All good from where I’m sat. Improvements to be made, more oz’s to be produced and a work in progress which we now know will not be plain sailing. Support the company on the journey and realise this is just the beginning.

I think todays Update provided good progress being made. A 55% increase in material being processed through the CIL plant and an 86% increase in production oz's, tells me a lot about the high grade material increasing which has been sent to the plant

An increase in oz's produced, a big increase in throughput and the figures produced, imo, gives us room and scope to increase the levels on the Q1 operations update in a couple of months. Hitting 1,000 oz in December, and every month would have been brilliant, but with December coming in at 872, if we can maintain and build on that value in JAN FEB MAR, that's a huge win for me and a target which is achievable. This is a huge work in progress and will continue to be so for a long time

86% Jump on the previous quarter is a key indication of the ongoing improvements being made

Just on my break in work and having another read. Sorry i couldn't be part of the "7 oclock club" with everyone but my silence doesn't reflect the RNS or situation. We were discussing it in detail on the twitter group

Like stated the other day, if the price drops below my average I'l happily be topping up - Friday hopefully. My investment runs far further than one quarters results, which i found encouraging and demonstrated growth from where the company traded live on the stock market.

It's not the 1,000 oz target the company were setting out to complete, but its an leap in the right direction, and on a pathway to growth. The plant in December running at record rates and those set to continue with ongoing upgrades. When the Heap Leach comes online, i have no doubt what so ever that the company will be able to meet their 1,000 oz target on a regular basis, and push on from there towards plans for 2,000 oz

I'd have liked to have seen "total costs", as the Q3 update stated Q4 figures should be more representative, but with ongoing CAPEX with upgrades, that "total costs" will not be a direct reflection on the current costs of running the mine. Remember these upgrades aren't necessary to Caracal producing Gold, but with high ambitions of increasing Gold production, they are need. 1,000 oz missed, but clear progress being made and i can't see that stopping

Q1 assays due soon to demonstrate the growth in Resources at Kilimapesa and we kick on from there. My long term vision remains for Caracal to become a substantial Gold producer.

Just thinking about what’s to come here, and what it actually means to the companies growth strategy here

Q1
Operational update from Q4
Multiple assays from RC and DD
Nairobi exchange announcement
Nyakafuru Reefs acceptance (hopefully Q1)

Anything else for Q1? I’m hoping we hear a couple of these acquisitions along the way, all in good time. It would be nice if they just hit the market by surprise and we were not pre Warned as much. Each one will be company changing but they almost feel expected at times.

Beggars can’t be choosers and I’m all for transparency . I believe Jason and Robbie, and the rest of the board have done a blinding job and all minds are fully set to growing this into something substantial. Although the recent acquisitions were expected, that hungover Saturday morning rewatching the presentation Jason delivered no the Tanzanian acquisitions, I was really taken back. The value added to the company virtually doubled in my eyes, but the market reaction was flat.

I’m just wondering how much longer this can trade sideways. There’ll be production increases, lower costs on ozs, resource increases, more mines. It has to hit home with the market eventually and I have every faith in it doing so

I’ve invested in plenty of exploration and mining companies where those in charge have been painful to watch take their respective companies forward. This board, and what they’re trying to deliver, and actually are delivering, are a breathe of fresh air

Decent volume again ahead of Q4 results tomorrow ;)

SJackson - Gone already. Well done moderators