RE: RNS out14 May 2023 12:08
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