Member Info for Dmors

Errrr brainfart they are Q1 sales..

Heap leach pad wasn't even up and running in Q1, what were you expecting exactly?

https://caracalgold.com/wp-content/uploads/2022/05/Caracal-presentation-Indaba-RMcpptx-1.pdf

Not read yet, just noticed it on the website.

I like your enthusiasm!

All markets are having a hard time at the moment, and especially precious metals have had a terrible run since March.

Personally, had another small top up this morning - moving money out of liquid gold into actual gold!

Gold prices seem to have stabilised above $1800/oz also, which is good news.

https://twitter.com/CaracalGoldplc/status/1526843616970559488

At least we can see what is happening on the ground.

I'm not an expert at reading those TR-1's, but that's how I read it as well.

"An event changing the breakdown of voting rights", no acquisition or disposal.

Hi Pompal,

No it doesn't worry me, I few big buy/sales the other day were thought provoking - other than that I'm good.

16 million traded today, 1.6 billion (?) in issue. 6% down, what can you do?

Entire sector isn't performing great at the moment either.

Don't get me wrong, the SP is very frustrating though.

Well this board turned negative quickly. 2 weeks ago everyone was buzzing. As they say, it's a paper loss until you sell. Nothing has changed for me to warrant considering selling my holding.

I don't see that the fundamentals have changed at all? People clinging onto a comment in a podcast about funding.

The most recent updates are for positive assay results and a twitter post showing the second heap leach plant is up and running.

Re funding/placing, I fully expect one, it'll be put towards increases reserves and production. It doesn't bother me as long as it's increasing shareholder value.

Granted, at these prices it would be painful, but we can only hope it doesn't come to that.

When has Harry stated he has plans to raise more capital? Find it bizarre people are talking about future raises when we've literally just had one.

How long have you been invested here ElIngles? You talk like you've been shafted by Harry hundreds of times, but have a posting history of just over a month and you had no clue about KEFI in your originals posts, so assume you are new (like myself).

How about give Harry the benefit of the doubt? Not like either of us have been lost much assuming you were buying when you originally posted at 0.8 or below.

If you don't trust him, sell up at a minimal loss? I don't get the mentality holding shares in companies you don't trust.

Another top up this morning, not following my own advice either. 25% of my portfolio is KEFI now...

TK, plus some good development in Saudi - I'm feeling more confident, shame the market disagrees currently.

We've literally just had one to raise 8 million...why would there be another placing within 6 weeks?

What a crock of sh*te you are talking.

Really surprised it has dropped this low.

People getting in at these prices are in a strong position.

Scrap that, must have glitched...can't see that anyone bought at 0.84

Google saying 15% up currently...

I had to top up at these prices - I do need to stop as my portfolio is becoming heavily KEFI biased.

I still think people are understandably shaky about TK finance, but as long as the Saudi assets keep building I'm quite happy as all the eggs aren't in one basket.

Plenty of upside here long term, but short term TK needs locking down for any gains. Harry says it's 10/10 going to happen, which is a nice vote of confidence if he had a proven track record, but he doesn't.

Personally I think it's more likely to happen than not at this stage - otherwise I wouldn't be increasing my holding in recent weeks.

Need some updates on progress. There are clear and concise points made about when boxes should be ticked, but we've heard nothing.

To get some confidence going even minimal "box ticks" should be RNS'd to build a bit of momentum. Has any of the below been done yet? Your guess is as good as mine.

· March 2022:

o All field programmes recommenced for community consultations and new host land preparations, with regular independent security monitoring over the ensuing months.

o Remaining few Ethiopia regulatory administrative tasks completed, such as endorsement of historical costs, working rules for the London clearing account to avoid restrictions of capital controls and clearance for both banks to lend on same terms.

o Updated term sheet for offtake-linked mezzanine facility now involving senior lenders as well the metals trader.

· April 2022:

o Launch of Tulu Kapi Foundation, administered with local authorities, community representatives and Ethiopian Evangelical Church of Mekane Yesus.

o Final pricing agreed with contractors.

· May-June 2022:

o Drafting of the remaining detailed documents, flowing from the regulatory approvals, mezzanine term sheets and Project contractor pricing updates in March and April.

o Insurance package and pricing confirmations.

o Independent security review and decision as to when to sign final documents.

o Signing of binding documents by all

· April 2022:

o Launch of Tulu Kapi Foundation, administered with local authorities, community representatives and Ethiopian Evangelical Church of Mekane Yesus.

o Final pricing agreed with contractors.

· May-June 2022:

o Drafting of the remaining detailed documents, flowing from the regulatory approvals, mezzanine term sheets and Project contractor pricing updates in March and April.

o Insurance package and pricing confirmations.

o Independent security review and decision as to when to sign final documents.

o Signing of binding documents by all

The above is from a recent RNS, I'd assume we'd get a RNS about the final prices agreed with contractors, which was due at by the end of April?

I'm just hoping everything is running on time tbh. Lets hope there is some sort of update in the near future.

That's going to be some gains come TK financing - wish I had that kind of money to throw around!

Haha, happypennies back again with P/E ratio's and earnings per share talk, with zero clue how expenditure.

I responded the exact same way months ago, saying nobody actually knows margins, costs - and the same applies today apart from the fact we know they are DIRE, otherwise they wouldn't be raising 3.5 mil.

You can put the product in 10,000 stores, but as shown with previous distribution deals - the product doesn't sell to warrant anywhere near those ridiculous figures.

£6.86, sorry you are delusional.

Volume does look decent so far today.

We are still above placing price which is good and I don't think the SP has time to drift downwards before people start getting in before the end of June for the anticipated TK finance announcements.

I added a small batch yesterday, I was giving it a few days to see if we dipped below 0.8 and was going to assess then, but the support at these levels seem strong and I expect (imo of course) the SP to be 1p+ by the end of May.

Costs a tenner for a web domain - they must be really short on cash lol