Member Info for Bebeto

Dan is the most intriguing because if you want an asset in Kenya or Tanzania, then he's your man to get you it and so far we're still waiting.

Environmental survey, pre feasibility study , feasibility study , mining applications. 9 monthsto get a decision IMO.

The best thing they have is that they're already a big employer in the area.

PF-Builder, you've done well building a decent position but hang back on the predictions for the time being because you don't want to sell yourself short.

There's a real possibility if the funding is high enough the company will take another asset and if they manage to get the warrants windfall of £7.5m they could take a second asset.

We could have two new assets in a short period and one possibly a producing one

But at these prices or pay at a premium later.

People can sell all they want, the dilemma that faces them is when to sell.

Production is going to be significantly increased.

Resource ounces are going to be significantly increased.

The company's bank balance is going to be significantly increased.

In a short space of time it's a triple whammy that should leave them behind in the re-rate.

Someone just told me there's only one MM at 0.7 the rest are at either 0.75 or 0.8 with support at 0.65.

More buying pressure and we could see double digit rise into close!

The company wants the additional £7.5m windfall from warrants.

They expire at the end of the year with a strike price of 2.5p.

So they now have only two months to get the SP above 2.5p probably 2.75-3p area to claim the additional funds.

IMO there's going to be a very strong newsflow coming in a relatively short time frame as they will be looking to push up and justify the increase needed.

https://twitter.com/CaracalGoldplc/status/1582622404840652800?t=7VnZuPRlByVlt-okdhg97Q&s=19

The company has also indicated a new discovery from the Vim Rutha area.

This area is already predicted to produce a much higher grade gold.

Today is probably last chance to load up at these rates. IMO

They may do but they'll be performance related which is absolutely fine by me. It's the 3rd parties who gets paid in shares to flip that hurts shareholders more as we don't get any benefit.

We will all so well just as long as the dilution is kept in check.

Currently outstanding is :

50m on sale of 5koz.
333m warrants & options.
300m management performance right & warrants.

Tanzania also has $3.5m worth of performance related shares to be distributed when the criteria's are met.

It's crucial for shareholders that the next acquisition is paid for through revenue/debt and not dilution.

JC agree it's the longer game for me here I'm not interested in a few hundred percent a few thousand percent is the potential over the longer period.

Those looking to trade this must be getting frustrated missing out on all the other opportunities, if only they hadn't over bought here they could be riding them

Bankruptcy, did you mean to write on this thread as I don't understand the first part. Could you explain more please?

I'd prefer a slower gradual re-rate as the company makes progress the shareholder value is then reflected in the SP.

Feels like we've entered that calm period where investors have made up their minds in backing the management and have adjusted their positions accordingly.

My take is that all that's gone before is the company clearing the ground and the next phase of news is them putting down the foundations.

If they truly are going to try and build a large company then the funding will show their intent.

They'll need to find the Goldilocks size of debt. (Not too big and not too small) For the operational side to cope with.

CAPEX + Operations is the key to sustained growth.

I think all is well,

The recent spending suggests funding is sorted as we have an experienced CFO. I think they're out of funds so any day there could be a RNS on that subject.

We have an experienced resource manager & director and they are tweeting "new discovery" which speaks for itself even though we can see they've found another commercial element.

We have an experienced operations director , the processing plants will perform and become fully operational.

So it's just a case of waiting now as they make progress over the next few quarters.

They've talked the talk and now I'm patiently wait for them to start delivering.

I'm not going to hold them to their targets I'm just looking for consistent progress for the company to bring value to shareholders as promised.

Aprogerson, yes the future does look good and that's exactly why I'm invested here. I want the growth because it will be key in bringing value to us shareholders.

Where the company currently is and where they want to be are two different things. The market hasn't priced in any targets.

Doing my own maths, theres enough contained gold within the mining permit for the processing plant to last over 15 years. But it's irrelevant as the permit has 10 years left to run.

Current production is less than when they started but that's about to change.

The MRE has actually only increased the overall gold found by 8%. They have just moved the confidence level in ounces to a higher category than inferred.

Tanzania is near term but at least 3 years away and a cost of construction estimate of $30m.

The heap leach, is very interesting because on paper they'll produce X amount of ounces but a 20,000 t pad will require somewhere between 100 - 300 50kg drums of Sodium Cyanide, the number is dependent on how well the Cyanide works with the ore.

They're are in Africa on rickety roads in the the middle of nowhere, I can see logistic pinch points to over come. Sourcing and retrieval will slow down production.

We won't know anything until they expand the operations to fully working.

I might be wrong but I thought they needed to provide audited results before list and when they released unaudited , I just assumed it won't be anytime soon.

Definitely Mickey everything is priced in so anything new will increase the company value.