RE: The last 9 months is actually laughable in hindsight7 Feb 2023 11:59
Well on the 14th February 2022 they raised money @ 0.95p.
'The funds raised will be used to finance Caracal's accelerated development plan at its Kilimapesa Gold Mining and Processing Operations in Kenya ('Kilimapesa'). The funds will assist the Company in its ability to increase mine production to 2000oz a month, as set out in the Company's recently announced accelerated development plan for Kilimapesa (refer RNS dated 9th February), which is targeting an increase in its production by 100%.'
Nearly a year on it's 0.3p bid with serious questions over financing, and a recent production report that dropped the share price by around 25/30% on the day of the announcement. So yeah , I think it's safe to say anyone invested in or after that placing would have hoped for more than a 65% reduction in the share price