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Possibly an easy audit but it will be compulsory if we want to get out of suspension.

They'll be needing to do another audit within the next 3 months.

Have a good read not too dissimilar to here

I've never known it to go on this long before , 3 months was the longest before this.

How much are we actually attributing to PKF?

There were 4 calendar months before suspension to get the audited financial statements published and the Company has been suspended over 8 calendar months.

That's 12 calendar months altogether, surely PKF can't be responsible for all of it?

It was a good suggestion, as a shareholder I want the company to come back on the market as strong as possible, more transparent with less uncertainty.

I think the only reason you're pouring cold water on the idea is to somehow put me down.

I don't think there is an abundant amount of auditors willing to take up Caracal Gold PLC mainly due to geographic location.

JC You're too quick to mock for your own personal gain, they could simply publish the 2023 financial statements and work on the 2024 financial statements.

Conducting 2023 and 2024 audits concurrently is an effective way to meet regularity requirements.

A streamlined plan and ensuring effective resource management, RM can achieve timely compliance and improve its market position.

OR maybe just suspend every November for non -compliance.

Now they have additional funds, it would be prudent for RM to include up to 30th June 2024 into the audited financial statements.

Phase 3: In the event of Caracal undertaking a fundraise by way of share placement in the future, Cynergy shall have the option to subscribe for up to 29.9% of the issued share capital of Caracal on the same terms offered under the placement.

It's 29.9% of the Company, they could take 100% of any placements until they reach this figure.

Good to see confirmation of the receipt of $500,000 in the company's bank account this morning.

That would be great, transparency dissolves uncertainty.

There's been no issue of any reported gold sales since Q2 2023 update.

They also haven't given a RNS on receipt of significant funds.

The five business days are now up regarding the signing of the HOT.

The first instalment is due within five (5) business days of the signing of the HOT ("Phase 1 Completion Date"). A further USD $500,000 is due on the date falling thirty (30) calendar days after Phase 1 Completion Date.

The RNS clearly states as a condition of phase 2 the conducting of due diligence but you assume it's already completed without audited financial statements including the mine plan.

So why is it included as a condition of phase 2, when it is already completed? because there would be no actual need to include the above condition.

I'm all up for discussing the company in a proper manner.

Of course PKF hadn't provided Cynergy with any information, that goes without saying.

Caracal Gold PLC is required under Article 17 of MAR and DTR 2.2.1 to disclose the receipt of significant funding promptly. Failure to do so could result in regulatory scrutiny and potential sanctions for non-compliance.

'The due diligence from Cynergy will begin when the financial statements are published.'

No company worth their salt are going to conduct due diligence without up to date audited financial statements. As part of the audit is to go through the Minoplex plan only adds to the above.

Quote - The company is waiting for a $500,000 investment from Cynergy and then another $500,000 30 days afterwards. How do you know that they have not received the first $500K given the timelines

If the company doesn't issue a RNS potentially they could be in breach of MAR rules, the FCA are monitoring this company for non-compliance because they are already in breach.

I suggest you have a really good read of the FCA rules beforehand, just like I do.

Who cares JC

JC I really don't care what you say or do or think, to me you are a not very nice person and therefore irrelevant.

I'm just here to talk about the company as I see it and you just look to take issue with anyone who says anything you don't like, you're more of a school bully only they've met their match

You have just outed yourself JC

'They say that a fool hides behind humour.' that's one of your sayings

LOL I nearly spilled my drink I'm still laughing very funny :)