Member Info for Bebeto

I can't see a printed uncrossing trade for the whole of last week.

@itsyou yes you are correct on the drills but I'm referring specifically to the samples because it costs money to have them analysed. The RC samples looks more like chippings if there was no presence of gold then it would be a waste of money to send them.

Batch 2 contained 801 RC samples and 192 DD samples and they released 7 RC and 1 DD results.

Would you send that amount of samples for that result ratio? I suspect they are all containing gold at lower amounts and the combined numbers are viable.

Secondly with the dozen or so drill results already released it wouldn't take long to update the MRE if they were the only results. I suspect the drill sites are laden with lower grade gold which can add up to be a significant amount.

I think batch 3 includes the mother load expecting MRE to push us passed 1.5m Oz group resource.

@itsyou it's confusing and you're probably right regarding DEM.

But compare Q1 presentation with today's.

Q1: DEM – Deutsche E Metalle AG (Germany) 11.6%
Orca Capital GmbH 9.32%
Goldplat plc 9.12%
Board & Management 21.07%
Other 48.89%

Today's: Hargreaves Lansdown Stockbrokers ENG 15.84%
Heiko Thomas DEU 8.37%
Interactive Investor Services Limited ENG 7.56%
Jarvis Investment Management Limited ENG 7.44%
Halifax Share Dealing Limited.

As you can see they can't be compared very well , are we to presume those not present from Q1 have sold (including BoD and management).

Transparency is important and this is clear as mud

@itsyou

Admission document says Heiko Thomas holding 10.85%
157.2m shares from 1,448m share count.

Today's presentation says Heiko Thomas holding 8.37%
157.27m shares from 1,878m share count.

@ID78 Heiko Thomas still holds the same amount if not slightly more shares.

Next week's mineral resource estimate is going to increase the company's asset value.

Updated mineral resource estimate by end of month with more drill results due too

@ID78 I'm just pulling your leg ;)

Looking forward to seeing the upcoming results and mineral resource estimate along with all the other progress being made.
It will be like a new company going into 2023. Shanta gold is a really good comparison even though their AISC is $1750 per Oz we shall be in comparison over half as the same with production and total resources . Comparably they're worth 5.8p so we'd be worth north of 2.9p by end of year.

Held back because of the selling end of

Align Research initiated coverage on Caracal Gold in February 2022 with a Conviction Buy stance when the shares were trading at 1.15p with a conservative target price of 2.73p. Here we must say that our valuation was based on a peer group comparison with Shanta Gold (LSE:SHG) which is also an East Africa-focused gold producer, developer and explorer. At the time Shanta’s EV/oz figure was calculated to be £35.73 or US$48.25 which we used to place a valuation on Caracal.

with 1.3m Oz resource I make it 2.83p now

Looks like it's going to hold the today's gain. Results are close IMO

I think it's about time they started courting corporate investment companies. I know the MCAP is too small for them at this time but it's the future for GCAT.

This will rise to the promised land when proper institutioals take 50% of the float. Currently it's too large for just private investors and flippers.

It's just a buying opportunity whereby you get more shares for your money in this range.

Within the next fortnight we should receive the latest batch of assay results and an updated mineral resource estimate.

I'm expecting upto 200k oz increase in the inferred , the real increases should be in the indicated and measured catagories strengthening the known knowledge of Kilimapesa.

@Swampminster to be precise and I know it sounds crazy but I think they'll pay for it in gold
No cash No dilution

@Swampmonster I'm not concerned but I do feel the company has actually given us shareholders a clue of how they will make this payment otherwise it would have just said cash payment as they previously mentioned.

@onlyoneshareme did you see the difference between 7th December RNS and 31st May RNS is quite compelling.

cash payment of just US$500,000 and majority of consideration payable in shares

Vs.

pay an amount equal to USD 1,000,000.

I think we'll find out before the payment due date, it doesn't look like a placement or payment in shares or a cash settlement.