Member Info for AG1989

If the company have to raise funds for it but gives them an overall Resource base of over 1moz, that’s huge. Key factor is how they’re going to get it to production and not let it just sit there like discussed in one of the webinars.

Willing to follow this under 1p if need be. The long term vision of this company is creating reserves matching lower mid tier companies, without yet sticking a drill into the ground. I think the acquisition is something the market is waiting for, and once settled, it can develop and grow from there.

Could be very easy to read into that but wow. They can do those webinars when Robbie and Jason are anywhere to be fair, as long as they have live internet connection

But caracal have key personnel in Tanzania right now and want to delay the webinar until Friday. News tomorrow or Thursday about the acquisition ?

Appreciate that mate. Will take a closer look tonight

One thing I've tried to find, historical data sheet with previous assays from Kilimepesa but I've struggled. That being said, ground with a 600,000 oz Resource is sure to throw up some nice looking core. Long may it continue

It could be the assays that drive interest up here, like a lot of exploration stocks, only when they take a look closer they realise what a gem they have in GCAT

December they hope to hit 1,000 oz. If they average that for 12 months thats revenue of

£16,200,000

before Royalty payments and costs. The Resource will imo easily clear 1moz next year at Kilimepesa alone, let alone any Feasibility stage Acquisitions. New machinery and plant upgrades should help lower operating costs and this hit

£17m MCAP this morning

I'm in a fortunate position to average down and take advantage on any dips so this is a blessing for me. More than happy to wait my time and watch this grow into a Mid Tier African Gold producer

Has anybody been averaging down this last month like myself? From around 1.6p

Really liking the opportunity it's presenting and hopefully the Rewards start to return. High grade mineralisation, operational updates and acquisitions. This will be much higher than a £17m MCAP IMO

A main catalyst for me is the potential Acquisition in neighbouring Tanzania. And not just the acquisition, but the means to bring another JORC compliant resource to production, keeping in mind the expanding zones at the current mine. I’m sure the company have a plan.

Nothing of significance, and good for the company to clarify. Nice to see the high grade pockets from historical workings, combined with positive results from the companies own drilling. More of the same and HR3 will start to look very promising.

"****stan has announced to not install coal-based power plants anymore. It will complete the ones already in the pipeline. However, in a recent environment conference held in Saudi Arabia, Prime Minister Imran Khan excluded ‘coal gasification’ from the coal ban agenda in his speech. Almost all Western countries have announced to stop the installation of new coal-based power plants. The Chinese president has also announced that China will not finance or install coal-based power plants. However, China has not closed the coal option for itself. It is highly improbable that any other country would be available to install coal-based power plants in ****stan. All hopes were tied to China under CPEC.

Gas had been touted as a desirable transition fuel by the world community. While the US and Russia are not affected by the gas crisis, countries dependent on imported gas are suffering under higher prices. If these conditions continue for long, it would be difficult for poor countries like ****stan to implement and continue with the coal ban announcements. In fact, it may have to redouble its efforts to indigenise its energy sources irrespective of its carbon impact, at least in the short to medium run. The Glasgow agreement has provided an opportunity by softening its stand on coal, although it may be revised next year.

****stan’s economy and social life are greatly dependent on gas. Its local gas resources are dwindling consistently and are projected to be exhausted within a decade. Its effects are already visible. The prospects of finding new oil and gas resources do not appear to be bright. There has been no major gas discovery of one trillion cubic feet (tcf) or more in the last many decades."

This was the bit i forgot to add

Stolen from Keith on Twitter

https://www.thenews.com.pk/print/912035-our-energy-strategy-part-i

"****stan is among those countries which are severely vulnerable to the effects of climate change, and it is in our national interest to contribute and cooperate with worldwide mitigation and control activities, although our contribution to the problem is less than one percent.

All fossil energy sources like oil, gas and coal generate carbon emissions. Emissions from most of the sectors, except agriculture, can be reduced or controlled. In our country, the bulk of these emissions is from energy generation and consumption. Energy in one form or the other is required in all sectors – agriculture, industry, domestic, transportation. Global temperatures soar due to the emission of greenhouse gases, mostly carbon dioxide. The world wants to reduce carbon emissions to zero by 2050. The EU and the US have agreed to the target of net-zero carbon emission by 2050, China by 2060, and India by 2070.

Non-carbon energy choices are renewable energy like, solar, wind, hydel (water dams) and hydrogen. Green hydrogen is a new entrant in the energy scene and has acquired quite some prominence lately. The production and use of grey hydrogen – produced from gas and coal – was started some time ago, and green hydrogen will be produced by electrolysis of water. Grey hydrogen is mostly consumed by the oil-refining sector and in ammonia and fertiliser production; it is mostly produced on site."

good news for THAR potentially?

But then, as shareholders we have one main goal, is to make money.. The higher dividend, the better returns. It just then reduces cashflow and resources moving forward from there

KSH - Interesting theory and one i would be equally happy with. A healthy dividend for current shareholders would be very rewarding short term, but for the long term success of the company and any shareholders who wish to remain in, that money needs reinvesting back into the company. It could be money spent to turn Jundee East & NZ into potential producing Gold mines and pay some of our way towards costs for the hydrogen project. If the company recieve "hundreds of millions for THAR" - just speculation talk, even a £50m dividend returns investors 8 X their current investment.

Plenty to look forward to, in the mean time lets hope we begin to see results and pathways in these projects

Without news I think LW is right. This will probably go sub 10p. Il be topping up hoping that the bottom isn’t far off. I mean when you Actually have an 800,000 oz resource, you’d imagine there would be some retention value it won’t drop past but who knows. Hoping for an update before Xmas about exploration plans on Q1 like Bert alluded to recently.

Also Jason mentioned yesterday that Robbie is flying home from a neighbouring country, every chance this could do with a Tanzania purchase.

2moz target within 18 months. 1moz At Kilimapesa by Q2 end 2022. This should give us an indication, scale and size of the acquisition project ahead of us.

Robbie said in a recent Webinar that each acquisition will be bigger and more significant than the last.

This BOD are taking Caracal in one direction only.

Interesting Jason has been back to Tanzania recently and robbie has been visiting other countries. Acquisition news could land any time

Barring the drop in November 2019, this looks like the lowest ORCP has ever been since trading from 2011. Any one of those/a combination of all 4, and THAR, has the capability of launching this

Only reason I've put mine in my SIPP, long term vision

A potential $2B Green hydrogen project - YES PLEASE. Sell THAR on, finance the company for many years to come drilling up Gold

£16m MCAP would do 100% to the SP. Xmas could be extremely favorable here

DavSen - great post