Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Addition. I forecast 1.5p for end of 2023
As I forecasted last week we got an RNS today. The damage to my self portrait as a mind reading trading god was that I had the funding down as done. Oh dear. I think I'll stick to something reliable like farming....
So next forecast is Q3 results next week, again I call next Tuesday for release. I forecast 500oz a month during this period. Then we get the AGM where the limited drilling results, delayed by lack of funding will be used to keep the shareholders at bay until 6-8 weeks later we get the first hints of new funding. During that time the share will get up to about .8 before dropping back to current levels whilst we wait for funding and nervous types sell with funding announced in late April/May. Then back up to 1p before dropping back to .8 again awaiting 2000 Oz a month confirmation or hints of it being achieved in Sept. That will see out the year with only hints of exploration rather than JORC as that is delayed by funding delay with JORC increase coming in Dec 2023.
The sage has spoken. Or the lucky guesser. I'll be in for the ride anyway.
I still think next Tuesday or Wed before we hear from Robbie. Thats based on the following logic.
He returns from his hols this Tuesday. He then has lots to catch up on. Works the weekend to get the latest update together. Shares his work with team then releases Tuesday or Wed depending on corrections/input from team. This update will then give him two weeks preparation ahead of the AGM.
Happy to be proved wrong but thats my call.
PS If I had the cash to invest I would actually play along on this your RNS demand. :-) Good angle for de-ramping along with perceived ambiguity in Robbie's interview. Clearly working too as the sellers are the fore.
He's on holiday! You know perfectly well you wont get an RNS tomorrow. You are just talking the share down for your own purposes which frankly is entirely reasonable investment play.
RE 'Non news' to Robbie, for sure I'd like to hear that the money is in myself. However Robbie makes it clear that expansion was enabled by the funding hence the link Robbie makes between them. My call is that he is delighted by the funding, that 2023 looks great and he is going to take some time out. Whilst you all worry at this thread I am going to take a leaf out of Robbie's book and put my feet up. Pity I have run out of spare available cash to invest really.
I agree with you Javier however even the LSE offers PI's an upside.
My view is that Caracal will hit 2p later in the year just with the current business plan being achieved which will still make Caracal wildly undervalued at £40M. It will be the Vin Rutha JORC rating that will have the potential to explode the price in October/Nov next year.
I forecast a PI driven share price increase to about 5-6p equate to a £100M- £120M valuation which is where Robbie argues we should be now. So yes the LSE does us no favours but at least its better than AIM and we have a a multi bagging upside potential for 2023.
Robbie and his team are on holiday. They said they would be taking some time off over Christmas. Yes they will be monitoring the funds arrival but nothing more than this.
The Caracal office will be up and running agin fully next week like nearly every business I know of outside of the States and Asia.
So logically the earliest we can hope for another update is later next week however my bet is that it will be around Wednesday 11th Jan.
As far as Robbie is concerned the arrival of the funds in the Caracal bank account is non news as he knows he has it coming. Instead he's had some Christmas cheer, a well deserved rest and is looking forward to an exciting 2023 after delivering on his core promises for 2022.
So all you panicking newbies to Caracal, chill!
PS My other mining great hope is Tungsten West.
And another 500k shares on this dip. This really is the share that keeps giving. My holding is beginning to look a bit Caracal biased now. Oh dear never mind!
The idiot rampers are really showing their fangs now aren't they. All are new to very new to this board.
Whilst this is a good share opportunity it will bounce around allowing traders to sell and buy the dips especially when get delays on promised oz's. I'm expecting mid .80's into the new year as we await news possibly lower.
I'm a long term holder so confident that it will rise as the fundamentals are great but fully get profit takers approach.
The only stupid investors are the rampers who blindly follow never lead. I have so often watched these types bleating their way through down dips, even riding white elephants into the ground (Charles Dixon with Darktrace being an extreme example).
The markets are in a shocking state, Caracal isn't even at the top of my, 'how is this not 3x this share value' value list. Investors are nervous and hurting nursing some big losses which means that Caracal is unlikely to rocket. Instead Caracal it is going to incrementally go up on news with dips in-between.
PS Wife has banned me from putting in spring term school fees into Caracal. Probably wise not to mention for a while that her new Kitchen is delayed for 18 months though.
Thank you for all you profit takers. Now have two ISA's full of Caracal. Now to leave alone for at least 18 months.
Great post Trek.
My takeaway from your numbers is an interim goal for 5.5p based on existing business on the variables that you so ably define. I'll take 5.5p by Summer!
That will leave the detailed analysis of the Vim Rutha resource to be announced around October (Robbie stated this in his latest interview on Stockbox) with hints coming through in bi monthly updates which will take us beyond that 5.5p forecast. What a fun ride this is!
I'm down 60% as well. This is not the only share that is puzzling me. I hold shares in a gold miner which should be flying. However the market wants absolute confirmation of gold reserves and production target hit.
It seems that the market is so risk adverse that they wont put new money into businesses like this.
I'm currently (and rather dangerously) selling shares that have ridden the down turn ok and buying into shares like this despite this unbalancing my portfolio.
I think that Saietta's business plan is solid (albeit not convinced by the marine engine pricing to performance) and that it will start to correct. But are we at the bottom? No I think we will see 50 perhaps even lower due entirely to PI's slowly selling out as their losses accumulate.
This unusually low SP valuation is not rare in AIM or the lower FTSE. I have another share that is half the value it was 12 months ago yet since then it has signed a major deal and has £23M runway. My point is that investors want a belt and braces investment safety. With this tech share the market wants production and income. Then it will move.
The same goes for GCAT. Yes we will see some rises but Im not expecting anything beyond the .75 to .8 range until we see an increase in JORC assets and we have confirmation of hitting 24k OZ. Then it will fly. Really fly.
Ah just speculation that a suspension might happen.
I'd like to speculate that I will get to sleep with Lady Gaga if she develops a taste for large middle aged farmers. Thats my opinion at least. Or random wish. Like the rest of this thread.
What suspension? I cant see any suspension in this share. What on earth am I missing?
When I was a young man at Uni I worked the bars for cash. Being a second row Rugby player and fit as a fiddle I was also the person that 'helped' people understand that that it was time to go home. However every now and again I had to deal with the attention seeker pub fighter. They were people who just wanted everyone focussed on them. They rarely actually throw a punch as they never picked on any one big enough to hurt them. Sad people that had issues.
This board has one of these warriors. His points are are vacuous but combative. His life blood is to get attention, any reaction at all from us. I have blocked him and I recommend that everyone else does too. Yes new people will engage with him but they will learn soon enough.
To this person, get some help buddy.
I suspect we will be below .6 by end of play Wednesday if no news. Doubt is setting in and those that have made a big bet on Caracal are starting to unwind some of their position.
Stay with it if you believe or you can afford to lose the majority of your Caracal stake, as that is what is at stake if Rob is lying, or stay and see if we all have read the cards correctly.
I will be buying again at sub .6 again if I can.