Member Info for AG1989

The deadlines is a key aspect and fully agree. Bert has hit every target laid out by the company and has excelled in executing them. The 2021 drilling campaign of over 40,000m+ was sensational, as were the results and upgrade of over 200%. One reason I sold out of LND. There’s clearly something of substance there but the upgrade was due in October, they’re still waiting for it now (albeit further drilling has been carried out)

Cora still very much under the radar

Huge month Greg, lots of news with forward looking views on how they'll continue to grow the business

Wait for the results. I remember months and months of build up at ecr because internal results revealed +15g/t and the excitement was huge. In fact the results did reach this figure but it was 0.5m@19g/t and nothing else

Company happy to share the core, the drilling and operational stock piling. Best to wait for official assays until we break it down

One of this threads I know of has been removed. Progress.

Great post NetBox

No problem Ian. Excited for the update

Phase 3**

This was brought up not long ago. Whether the medium term target is a sustained period period of 1,000 oz per month ? And not just the December target

Robbie sent a message to somebody recently on Twitter saying that the company are doing everything in its power to hit its 1,000 oz target in December.

Jason recently spoke about the increased throughout in the plant and how the company are charging towards phase - which is 25,000 oz per annum

A lot being made of this 1,000 oz target, and rightfully so. It’s a target set upon by the company so you’d like to think they hit it. But there are a lot of other factors to look for to measure the success and continued progression of the company.

We should probably know by next week. We’re in the production game now. There will be unexpected problems and hurdles but we need to give the company enough time to demonstrate that they can hit these targets, and continue to better then moving forward.

From the limited drilling on red Ray back in 2011/2012, it looks like the geology between it and Kilimapesa hill could be very similiar, with more upside to come

http://www.goldplat.com/news/mineral-resource-update

70.38m to 73.08m 2.70m@16.30g/t
including 71.09m to 72.58m 1.49m@22.23g/t

Is a nice, shallow, high grade return.

"The drilling to the west of the Red Ray target area proved to be successful and a mineralised zone was intersected below some historical colonial and artisanal workings, with the best intersection of 100cm at 6.20 g/t. This extended the ore body strike to 1,800m. The drilling to the east of the Red Ray target failed to intersect the mineralised zone despite the presence of artisanal workings at the surface."

It's unclear to the level of exploration carried out beyond this point as goldplat operations and focus was shifted away from Kilimapesa. I love how Caracal identified the underspend on the project and lack of TLC and by targeting this could really unearth a real Gem of an asset at Kilimapesa. The geology looks ripe to extend the Resource into the Millions of oz's.

Kilimapesa and Nyakafuru will almost be in competition with each other imo moving forward to see what can produce better returns. A nice problem to have and look forward to growing both assets

What are investors looking for? That's probably the best thing to do right now, and stick to. Be content with what your looking for, forget the rest, the twitter talk, whats happening on LSE and see what results come your way and satisfy your urge for them to deliver, then reassess

-Plant throughput increasing throughout Q4
-Oz's produced, will kind of link in with the first factor, however depending on the grade of material used, this can differ and benefit the company by some way
-Cost per oz produced - Will it be reduced or will the cost be similar to Q3 with ongoing upgrades and plant equipment
-Heap leach - What are plans and forecasts for this
-Open pit operations
-Drilling analysis - Is the material coming out of the ground meeting/exceeding expectations and why has the RC rig been moved to Kilimepesa Hill
-Plans to increase the throughput and oz's to 25,000 per annum
- Near term plans for Tanzania and drilling campaigns, target existing deposits and targets without an official JORC resource
-Planned acquisitions

Anything else? I have my variables lined up and if they're met/exceeded, nothing else matters to me.

Yeah i think updating Kilimepesa to over 1Moz will really peak the interest in those sitting on the sidelines

I find it hard explaining it sometimes when I've had messages on twitter. I'l reel off a giant list of factors and potential catalysts and then i get "Why is the market cap so low?", which is difficult to explain at this stage. I like the management and love the drive they come with. Like Jason said in a recent interview, the update should promote confidence in shareholders about the management delivering, we can then kick on from there and it will become apparent that this will be a big success. Far too many companies with a "kick the can down the road" philosophy, promising anything and everything in the near-mid term but delivering very little. That will be different here

I'm excited to see the projected Heap leach figures, combined with 1,000oz+ from the CIL plant, in time we will be charging towards 25,000 oz per annum

Yeah I fully understand and appreciate those comments. Like I say it was more of an observation than anything else. I just felt that that RNS was so good, it’s just poor to see the reaction it got. Fully behind the team here and by the sounds of it, we’re in for a tornado of news flow in 2022.

The one thing i would say, and i wouldn't classify this as a negative, but something I've picked up on. I do think with the acquisitions, brilliant acquisitions, the market reception would have been a lot better if we wasn't expecting it to come. We added over 1Moz of gold to the company resources, which to me is company changing. But that much had already been spoken about it, the surprise and X factor of the announcement was a little flat. also expecting more acquisitions in the year, i just hope we get news out of the blue to take the market by surprise

Although, I'm one of the shareholders who is all for transparency so I'l take whatever comes our way. Beyond that, extremely satisfied with the performance so far. Verry excited for the upcoming updates

That’s a brilliant RNS. Caught my attention

From the $1750 levels back in September, Gold is now around $100+ more than it was back then

If we hit that 1,000 oz mark moving forward, that’s an additional $100,000 in monthly revenue on that figure alone. An extra $100,000!!! When you consider the market cap here, that’s insane

Very good point mate. The market has cycles and without jinxing it, it’s almost done full circle and time for Gold to have its day in the sun again. Crypto has been extremely profitable for investors, as has tech and covid stocks. But yeah it looks like it’s commodities turn again

And like you say, when that interest returns, for similar market caps, will you be choosing a company drilling 3,000m of RC per year, or somebody like GCAT. We’ll stand out like Lionel Messi playing for Wealdstone raiders. It will be one of the easiest investment choices they’ll make and whilst a lot here will have averages down below 1.5p, they’ll be paying 2-3p+ for the privilege. A solid investment

Significant indeed mickey.

GCAT long term

Market movement is a mystery usually on the AIM, but on this low volume I'm not surprised it has drifted slightly. Markets were absolutely battered yesterday, a lot of tension surrounding the Ukraine/Russia stand off

As far as Caracal are concerned, they can only concentrate on their own operations.
-Increase throughput
-Increase oz's
-Reduce costs
-Grow our resources
-Acquire additional assets

If they can demonstrate this in the upcoming update and the SP movement is stagnant or sells off, I'l be buying a lot more. Use the facts and data and build for the future and not the near term. Jason said end of January/first few days of Feb so hopefully we begin to hear news from next week

https://twitter.com/CaracalGoldplc/status/1463446368953982979