Member Info for chattty

Its a ploy available to BODs to leave the quarterly reports until the AGM as it gives hostile investors less time to assemble and voice their thoughts directly to the AGM BOD .
The last ops., summary was released on 15/9/22 There has been no comprehensive report since.

The sp went back up 33p and is again drifting off , difficult market conditions and the lack of an upbeat RNS catalyst suggest the near term future for the sp is bleak, one catalyst for lowering the sp would be a sudden unexpected discounted cash raise although possible is unlikely due to constrained mkt conditions.

If I have it correct that RNS is a straight kick in the teeth to share subscribers/holders as the BOD favour giving their brokers shares in payment plus the same again in warrants instead of shareholders who apparently applied to take part in the pacing offer unless of course the BOD and brokers are not telling the truth with regard to the amount raised and the 1.5m was several l00k short. Another BOD failure to give confidence to shareholders.

Zan -If i may add to your synopsis of MMs operations -Be wary of buying or selling shares at a time in a company where the MMs have widen their spread by a considerable margin, I prefer to wait until the spread settles or set limit orders within the spread.

From the statement;-Our willingness to do this depends on our demonstrating to our shareholders and potential partners that investors in the DRC can be treated justly, as they have not always been in the past.
Then how come the travel advice is as follows, dated just 3 days ago;-Avoid non-essential travel to the Democratic Republic of Congo (DRC) due to the current political and security situation. Including ;-Avoid walking alone and displaying signs of wealth. Avoid getting into vehicles with strangers, even if they identify themselves as police ...
Bell must be desperate for money, not only is he litigious over non effective results so far ,just because he failed to keep his on on the ball over investments which are so risky as too make them unviable as can be seen from the instability through armed forces and prevalent disease.
He has delivered nothing to shareholders except himself.

If you believe in dreams this from telegram

My office is built on the side of a green valley overlooking the other side -I dreamt I saw a large cargo helicopter flying almost directly towards me carrying amongst other things a small ship- as it flew over my house climbing to go over the hill behind me it turned into a large battle destroyer which clipped the top of the hill with its twin screws chucking mud everywhere as it increased speed - made me think the farmer who owned the top field would be somewhat annoyed.
Translate the dream into POW s shareprice.
So a translation :-
POW s shareprice is increasing steadily as it climbs the metaphorical hill of success, gaining momentum as it goes. Like the helicopter in the dream, it is carrying a cargo of potential and growth, and is on its way to a brighter future. The muddy churning from its twin screws symbolises the hard work and dedication that has gone into propelling the shareprice to new heights, and the farmer's annoyance is the envy of other investors who have yet to benefit from POW s success.

Is it a buy signal for those who believe?

So long as PIs can accept potential high loss risk it can be seen this is a stock good for trading purposes simply because there are so many variable catalysts any one of which can move the sp rapidly in either direction .
So until such an announcement is made expect the sp to drift lower.

From the RNS 15th AUG.;-The updated MRE was completed during the Quarter with the results reported on 12 July 2022. Highlights of the updated MRE are as follows:· Expanded Measured, Indicated and Inferred Resource of 12.15Mt @ 1.5g/t gold for 565.7koz contained gold for the Kilimapesa Hill Deposit,. Significant 202% increase in the Measured and Indicated category, with 56% of the contained ounces (317.6koz) now in Measured and Indicated (previously 105koz).
Result supports at least a 10-year Life of Mine for the current Project expansion, targeting 24,000oz per annum production.The significant increase in the Measured and Indicated Resource provides the required optionality for the current mining operations and the required difference in grade to feed the Milling Plant and the Heap Leach plants.Overall Project Mineral Resource now stands at 14.05Mt @ 1.56g/t gold for 705koz contained gold.'The results of the updated Mineral Resource have shown a significant increase in the quality of the resource at Kilimapesa Hill. We are very excited to find and prioritise the next sources of production to complement the growth on Kilimapesa Hill and the existing mining licence. The positive results in the earlier MRE update have further strengthened the Project team's confidence and justifies our decision to expand production at Kilimapesa to 24,000oz per annum. The ounces contained in the Measured and Indicated category are now able to be converted into reserves for the mining and processing plant.

Note the wording -their is NO mention of a competent persons report or even a geologists report or advice so the figures cannot be relied upon as being accurate especially with the fall off in production of some 500 oz between Q1 and Q2.
So Gold production was 1266 oz., in Q1-22.Then in Q2-22 it fell to 746 oz despite more heap leaching and more ore being processed.In order for the Loan agreement to have been successful the BOD would have shouted increased production from the roof tops.

RNS On 29th NOV States ..... $US10.5m non-dilutive financing secured , .....it had not been secured at the time of the RNS
Again on the 21st DEC., RNS issued stating ;-"With funding secured from OCIM and Philoro, ......Caracal is fully funded to deliver the Kilimapesa expansion project and exploration programmes in both Kenya and Tanzania."......it still had not been secured.

IMHO it was disingenuous of the BOD as these announcements were important for the future of the company. The drop in production and the more recent figures for Q 3 and now Q 4 should be revealed soon.

The BOD is entirely responsible for the mess the company is in whilst it has its current structure they cannot be relied upon in any way shape or form to run this company in an open honest fashion.Until the mess is cleared up how can any trust be placed in the BOD ?

From the RNS;-The Fundraise Warrants will be exercisable at a price of 14 pence per share, a premium of approximately 27.3 per cent. to the Issue Price. The Fundraise Warrants are exercisable at any time until the third anniversary of Second Admission. The Fundraise Warrants will not be tradeable, nor transferable or CREST-enabled. The Fundraise Warrants will only be issued to subscribers of New Ordinary Shares on Second Admission, conditional on the passing of the Fundraising Resolutions at the General Meeting.
Shares and warrants may end up as part of someones estate so to issue warrants that are not tradeable or transferable are denying value to that estate .
On that basis their is no advantage in subscribing to the offer, especially as it is indicative of a control freak being on the BOD which usually means their directives come first before anyone else's are considered.Not a good indication for future management.

That wide spread may be explained in the following way : I have stock holdings where I place a moving 10 day limit instruction to sell in varying numbers between 5 to 20 times the existing sp simply because there is in my view a 3% chance of a rocket going off under the existing price. So the spread between my sell orders and the existing sp is huge.
The idea being I don't miss any sudden bounce.
Obviously if you tie all your stock into situation you can't deal until the orders are cancelled.

Deals have to match whereas we have MMs.
Buy and sell orders usually meet with a price idea in a central, open order book. In the order book, the orders face each other and the system automatically checks every buy and sell order for its executability. If orders match, the transactions are executed immediately. The open order book ensures the greatest possible degree of transparency for investors.

WTF have legalwolfs personal details got to do with this BB?

Apologies

Slowly increasing my holdings; I like the attitude and forthright comments on how the BOD manage their finances and projects, what they expect and how they have delivered so all in all a good well qualified BOD.
What I expect is at least one if not more offers from major Pharma companies who have all the expertise and networks to to manufacture distribute and mkt the formats for a pill that eliminates the need for injections, their specialised delivery, cold storage, specialist training etc.,
In truth a huge cost saving and much speedier delivery eliminating the concerns of those who dislike injections.

Rubbish is a strong word.
The money pouring in and out is just PI trade based on sentiment which can change in a moment as has been demonstrated
When was the price target set at 120p?
There is no catalyst in sight that will move the sp so what is it that will build the baseline above the above the 20p mark except buyers sentiment?

Many years ago I was touring the wine regions in France with family ;-When having Sunday lunch in fully booked cafe when an elderly English lady in a loud voice said 'What, the trout is out' resulting in an immediate hush in the general chatter then my very young daughter mimicked in almost as loud a voice.'What the trout is out' smiles and chuckles all round
I have never heard the expression since .Several million to one chance if you there?

Previously thought this was a good bet once the arranged finance had been taken up as it removed the near term chance of fund raising dilution, so waited until money was confirmed.Now this RNS which also suggests apart from anything else that the expected production o/p is not being met and/or exceeded to allow for failure in margin requirements set within the terms of OICM prepayment agreement thus its failure. So what next ? Despite a difficult mkt gold is in vogue and the company have said we will move quickly?Note it has taken 8 months to get to the point of the RNS stating failure of OICM agreement.
The £3m in place will do for now but how long?

Agree with elrico,.
Clueless would sum up your knowledge about the business model or how it works or what is to be expected or even big Pharmas money works.
Suggest some research, even basic research would be good.

On IPO there were 3 holdings of 6.32m/5.48 m/and 5.22m listed plus 3 others of 15.48m/15.45m and POW with 28.19 m.

The cash burn is not the problem, it is o be expected , we can all argue he pros and cons as much as we like .
The way the BOD have handled the situation is the problem.