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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
Bought in two tranches, 100k shares and 300k shares, to get to my 2M target. Average now 1.02p (not great, but the best I can do). Financing news was good to get, finally, and quite conservative too, nice that RM apologised in the stockbox interview re. the wait. Shame the news has bought along with it some types that will require filtering - that's life. Hoping for a better year in 2023. GLA, Dan
of £103M currently. With AISC of $1207 (gets lower with increased production?)and gold $1755. At 100,000 oz/PA next year, hopefully, gives around £45.5M (dollar approx. £0.83). Think SHG will do alright on their own and feel MCAP is on the low side currently. GLA, Dan
Welcome back Greg25. Long time no hear. GLA, Dan
Just for some info. I took this from the RNS on 31/8/21 at GDP;
'Goldplat has received 103,846,154 shares in Caracal (representing 7.17% of its issued share capital) as consideration for the sale of Kilimapesa, to be held for minimum of 12 months. In addition, the Group is due to receive a further cash payment of USD450,000 in the next two weeks and is also entitled to a 1% net smelter royalty, limited to USD1,500,000, of which circa USD14,000 is already payable.'
The further cash payment of USD450,000 was taken in shares (GDP RNS of 1/3/22). GLA, Dan
Info is also on pg6 of GCAT's prospectus (under corporate documents).