Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Pictures only, there are still many updates required on the website which I have highlighted. Now the corporate governance page needs updating to reflect these new, reduced, board changes. Also noted that the quick links at the bottom of the home page don't work for News, Kilimapesa and Nyakafuru. Never a dull moment lol. GLA, Dan
Website now updated to reflect these board changes. GLA, Dan
I wondered why it had been a bit quiet for the last week or so (just one tweet on 7th June to an old article) and no reply (yet?) to a couple of emails sent. Big clean up in operation. I had felt there were too many NEDs, so reduction here makes sense. Not sure about the COO though. FB is the competent person wrt. JORC and the high grade zone RNS sign offs. GLA, Dan
@PaddyGall - approx. 3.8bn shares as on 1/9/20. GLA, Dan
Why no trades after 12:28 ? A little odd. GLA, Dan
Your analysis seems fair to me EM202020 but I fear that the repayments from LOGI may take over 12 years as a worst case scenario (if they typically get around $650,000 every 8weeks). This is a strange stock. They originally had a loan with Olekan if my memory is correct, which he did not pay. Now they have this $51.9M loan to LOGI (same as Olekan really) and hope to get regular payments (every 6-8 weeks) from oil sales at Otakikpo. Quite a risk, so will definitely be interesting to see if these payments turn up. Also, why have the outstanding approx. 108M shares held by Lekoil Nigeria not been cancelled. They were supposed to be cancelled at the end of Jan I think - just a strange situation. GLA, Dan
Let's not forget that there is still around $1.4M owed to Mill End Ltd that may have to be paid in shares. Hopefully there will be enough gold production to pay off this loan. GLA, Dan
Weird, my capitals seem to have vanished in my 10:38 post. GLA, Dan
true sono***un, keeps me busy though lol. i have sent an email regarding the issues noted by suggins and myself. gla, dan
That seems correct Suggins. Seems confirmed who the current regular seller might be/or was. sw10000 - could be right there. GLA, Dan
Maybe an email to elizabeth@caracalgold.com highlighting the areas that need addressing would help ? I guess you are referring to the corporate updates within the investors section (attis, mayan). Also note slight error in the corp gov section in'about us' referring to three NEDs where there are actually four. Also noted some errors in the corp. compl. within the investors section wrt. links (all corp docs go to corp gov) and duplication (financial info and circs). If I have missed anything please let me know and I will send an email to the team, cheers. GLA, Dan
GRL 1Q23 production 250 ozs mcap £15.6M versus GCAT 1Q23 production 627 ozs mcap £6.6M. The mind boggles lol. GLA, Dan
There is also the amount owed to Savana energy, which is $16.2M. Info from the annual results RNS issued today. GLA, Dan
Johnski - not sure if this has been answered (a few filtered boxes) but try searching using Dr_Calvin. Posted last (post is on page 12 currently) on 22/5/23 at 14:23. GLA, Dan
The small rise seems to have started after the 4x £9,942 trades at around 9am. Good to be conservative JC, but I believe GCAT were smelting twice a week now. GCAT production profile must be getting close to/or greater than that of GRL in 2022 (approx. 5.2k oz) with an MCAP of £15.2M. GLA, Dan
Clearly a typo. GLA, Dan
Really pleased with these production figures - and from 1 months production only. Much better than I had guessed a few days ago lol. Not so happy about the 4 minor accidents, let's hope for a safer Q2 and beyond. GLA, Dan
Just a little clarification on the RNS on Friday and other clarifications (many thanks to Robbie for providing clarification and giving me permission to post - this was done over the weekend as well);
Yes, the SP should be 0.35p.
RM and G K-G will be reimbursed the shares they provided in the future. The lawyers have to work out how to do this.
RM agreed that the RNS title would have been clearer using 'Revised Financing Terms' instead of 'Settlement'.
Other clarifications;
The quarterly is ready and will provide info on the prospectus, there have been no delays here.
Paul Reeves has left the company (back in January, I think many of us may have suspected this). Sadly, the stress of the audit followed by the OCIM deal falling through was the reason.
There is nothing to be concerned about regarding Company house/Caracal Holdings. The previous chair was the only director and removing him and putting RM and SM on has caused some delays.
The high grade zone has been opened up along strike and sampled whilst mining and through extensive channel sampling to support the 13 months worth of high grade material (I guess that is the benefit of having the onsite lab). Caracal intends drilling the high grade zone once financing closes, to include in the MRE.
I have mostly summarised his reply and hopefully covered all the important points. Hope this is useful. GLA, Dan
Well spotted Clued, must be a mistake (otherwise we could end up with another approx. 1.9bn shares). Now where is the RNS for the quarterly production results ? It is ready, now the Mill End details have been issued, according to RM's tweet of 5/5/23. GLA, Dan
The 5/5/2023 tweet did mention that the quarterly was ready but that they were just finalising the Mill End settlement details. For Watcher36 - 'Twitter seems to be AIMs go to....' - GCAT is listed on the Main Market. Sometimes I wonder if they don't like sending these quarterly results out due to the low production numbers. I am not expecting great production numbers for 1Q23 (guessing around 250oz during the quarter) as I suspect that there was no/or limited production during Jan and Feb. It will be the 2Q23 results that I am more interested in. Gold just holding over $2000/oz. GLA, Dan