Member Info for Bebeto

I've dealt with numerous board members in various companies on a professional level.

Some are more engaging than others regarding shareholders but they all understand that a shareholder today may not be a shareholder tomorrow, therefore the behind the scenes mindset is quite different to the public perception put forward.

A big misconception for shareholders is to feel truly aligned with insiders.

So by my own estimations, working capital, FCA etc everything is pointing to end of June crunch time.

By my calculations RM has 5.5m shares left to issue from the prospectus. £16.6k

Zan I think the $millions wasted on Tanzania will be dead money for several years to come but it was used straight away to make the company look bigger than it is.

Kilimapesa is 670k - 700k ounces producing resource whereby Tanzania's 600k ounce resource will probably won't happen for at least 5years (if it ever does).

Combined resources are 1.3m ounces, a bit of smoke and mirrors to make it look like 1.3m ounces on a producing resource.

'Caracal Gold PLC, the expanding East African gold producer with over 1,300,000oz JORC compliant gold resources'

Generally, when a company moves away from the structure of quarterly updates, it's not going to be good news for shareholders.

The last quarterly update here was Q2 2023, that update contained increased production figures from the high-grade zone material.

The high-grade was forecast by the company to be used up by the end of Q2.

There's been no further update on whether more has been found, therefore the production from Q3 onwards has only contained low-grade material.

Also, some of the equipment has been stood down pending upgrades, which will have a dramatic effect on the production levels from Q2.

The company doesn't need to do an interview when there's a Q1 update due now.

RNS contains all relevant information without the ramping.

This isn't looking good, everyone knows an audit doesn't take this long to be published.

40% chance of coming back on the market. IMO

The high-grade material was used up last June they should have been exploring for more if they were really going to turn it around.

It's going to be incredibly hard for anyone using low-grade material to make it truly viable.

RNS 15th February 2022

Clear Capital did a strategic placement here at 1.12p

I'm sure with all their due diligence etc they still got it massively wrong here.

Zan, I 8 bagged plus in HE1 after a horrendous discounted placing and following sell off.

Position size is the key, I took a hit here after OCIM and decided to leave an amount I'm comfortable to hold here. If the company does well I can increase if not and I fancy my chances after a big sell off I could also increase.

Keep all options on the table but going in big early is a recipe for wipe out as many are finding out here.

A sell off wouldn't be a bad thing if you believe in RM lol

Waiting game now we're in the same boat currently.

This extract is from a RNS released today in another company, spot the difference with the GCAT RNS and you're deliberately left to make you're own interpretation of the timeline.

The net proceeds of the Subscription will provide the Company with working capital to support the strategy to progress... through the next 16 months on the Company's current cost basis.

GCAT RNS

The funds will be used for working capital by the Company and its subsidiaries.

I don't rule anything out with small caps.

Everything contained within a RNS is always open to interpretation. The latest raise was for working capital for the company and it's subsidiaries.

Working capital funding refers to the financial resources a company uses to cover its day-to-day operational expenses and short-term liabilities. It's essential for sustaining regular business activities, such as purchasing inventory, paying salaries, and covering utility bills.

My GCAT holding in Jarvis account it didn't say thst beforehand but if it's still showing on other people's accounts thats fine by me.

Anyone else have this?

Assets are never too big to fail when the costs spiral. Rampers encouraged people to buy more here.

Traders share now but they won't be carrying the baby.

Expect to see a period of zero production and any production shown will be very small.

Audit should be reasonably OK, it's the unaudited results that will show how insolvent the company is.

We're not privvy to the negotiations between the Company and the FCA, so everything is conjecture.

But the reason I say June is two-fold,

After June the Company will need to do another audit and secondly by my estimations, the latest working capital raise might not cover beyond June.

My understanding of the main market is they have until June, the FCA has the authority to remove a company anytime after 6 months suspension.