Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
They might need to change this now in the notes section of their RNSs 'Its aim is to rapidly increase production to +50,000ozs p.a. and build a JORC compliant resource base of +3Moz within 18 months from its listing in August 2021. '
I wonder if a temporary suspension might be required now whilst a chairman is sought. Does not change the resolutions for the up-coming AGM. Not sure I like 2023 anymore, roll on 2024 lol. GLA, Dan
certainly a case of running before they are walking. I think they also need to start a programme of efficiency/cost saving strategies such as reducing the number of NEDs and perhaps retain 1 CFO instead of two. Why a small producer like GCAT needs 514 people is beyond me - surely some scope for reduction there. Perhaps the Kenyan government would like to step in and offer a loan (in exchange for gold and keeping its people employed). Not the start to the year any of us were hoping for. I have asked RM about the outstanding CLNs but, understandably now, there has been no reply. Perhaps this will become clear in a little over 5 working days. GLA, Dan
would yield an extra $48M FCF (comparing the $1650 used to $1850+ now) over the life of the mine with POG close to $1900. GLA, Dan
@BushyTailed re: post at 16:27 - the reason OCIM pulled is known and has been explained (see my post 15:41). There is no issue with our mining licences. GLA, Dan
it is available on the gov website sianna. GLA, Dan
Yes Coldspy you may ask. I used the email supplied at the end of the Oct 2022 presentation on pg 35 (caracal website - investors - corporate documents). GLA, Dan
Hi ID78, re. post at 14:07 - yes, probably well advanced.
For all (from RM, permission asked for and given to share here),
The condition precedent that was not met was only added to the term sheet on 16/12 (hence why we have the RNS now and not earlier I guess - my words). Under Kenyan law it was not possible for the Kenyan govt. to provide security over the Kilimapesa mining licence to OCIM (i.e. no fault of the Kenyan Govt, who are really trying to push mining development and are really upset about the deal falling through).
In the original term sheet GCAT had to provide share pledges over the shares in the Kenya company - which they did. RM also added that they are working on communication and clarity on timelines as a priority. GLA, Dan
also nice to hear he will be buying, subject to BOD authority. As Swampmonster said earlier (11:27 post), the issue was with Kenyan govt so not a company issue and clarifies rns wording. Hopefully next funding will be quicker as contact has already been made. GLA, Dan
predator7, where have you been? lol. Funding from OCIM pulled. GLA, Dan
Hi RPdard, you are not being thick at all. My understanding of this wording is that GCAT did not want to be in a position where the mining licences would belong to OCIM in case of default (i.e. GCAT not being able to produce the required number of ozs). Would be nice to have some clarity here, perhaps an interview (stockbox?) would clear this up (if RM can show his face that is). GLA, Dan
sorry, should have been Giovs. GLA, Dan
neither did SW10000 Goivs - see 10.26 post lol. GLA, Dan
not sure if this is relevant to the thread title but there are several main market listed companies with mcaps below £60M that I am aware of e.g. HEMO, GCAT, COBRA, PALM, DISH (suspended currently), SYME. GLA, Dan
aquis info also available on this lse site Luke1- search CRCL and pick the one with .GB.PL. GLA, Dan
experienced this a few times on this stock, usually before a placing sadly (more than a few time then lol). Many of the trades today are for tiny amounts (mms playing around, giving an impression of a busy stock ?). GLA, Dan
AQSE ticker code FNK. RNS on the Aquis website - all resolutions passed as expected. GLA, Dan
correction - should be Fenikso Ltd not Fenisko Ltd. GLA, Dan
Only just caught sight of the two RNS's on the aquis exchange. One on 7/12 (suspension of shares and dropping all charges etc.) and one on 9/12 (for EGM and circular publication). Name to be changed to Fenisko Ltd which will become an enterprise company (cash shell company ?) under AQSE rules. What fun. GLA, Dan
Also an NED in Caracal Gold, busy man is Gerard Kisbey Green. One week left in Autumn, will we hear anything this year ?. GLA, Dan
after 14months I have just about got my head out of water. Hopefully, in about nine months time (due to their ridiculous delays in quarterly reporting lol - RM to take a leaf out of SHG reporting speed of 3-4 weeks after quarter), we will see if 24Koz is on and begin to rise to a fair MCAP (IMO £50M +). GLA, Dan