Member Info for Greg25

Communication has been p/poor regarding the MRE.

Don't expect an more than Kilimapesa hill in it any more would just be a bonus.

Tweets don't count for much it is proper RNS market updates required.

Finance being arranged in background IMO

We only sell gold dore once a month so does it really matter that much about the daily price? I don't think so because they sell 12 times per year which would average out over the year.

MRE coming soon and it's a big upgrade IMO

Glad to see weaker hands departing before news! Long term investing wins again

12th May RNS suggests from 2,575km strike

A strike length of 1,875km has been identified and drilled with the remaining drilling expected to extend this strike 300m to the west and 400m to the east for a total of 2,575km.

Either way if you average down to the 1.2km strike it's still multiple times more data.

The current MRE is based upon 1,138 meters drilled and the updated one we're all waiting for will be based upon 9,069 meters drilled. 7,522 RC + 1,547 DD.

It's going to give a much clearer picture of the resource at Kilimapesa hill.

They're a producer and explorer they don't need to keep doing dilutive placements like explorers have to.

This is all about increasing shareholder value as well as company value.

All going to plan they'll be making a free cash flow around $13.2m for 2023. It seems strange not to tap into this especially when the company is carrying next to zero debt.

It was a meaningless question it should have been have you got enough cash in the bank to cover the costs for the rest of 2022 or will you increase funds through non-dilutive means.

I think they'll be raising $multi-millions by non-dilutive means shortly after MRE release.

There's nothing really to expand on it was just a suggested possibility for a delay in releasing the MRE. There seems to be a grey area over who owns what in the Red Ray area which may or may not effect the timing of release. Red Ray is part of the original MRE.

Markets don't like delays but all the delays and missed targets here have been own goals, set by themselves.

I'm expecting nothing less than 1Moz to come out from the MRE and it's NOT set by the company :)

Predator 7 the law doesn't actually say that! That's a myth or interpretation of investors. There's no set time for releasing RNS just to be considered timely with undue delay. There could be any number of reasons for the delay and we won't be privileged to find out.

Disagreement/ fault within the JORC process

More data required

Disagreement with license/ ownership

I'd say 90%+ of MRE was completed after batch 2 results so what could be the possible hold ups?

Timed to coincide with Capital Investment

Timed to coincide with NSE listing

ID78, the current Goldplat JORC compliant MRE is a blended one. It was reviewed by Goldplat's Geologist Mark Austin.

Kilimapesa hill 1.2km strike was conducted independently by Mr. Dexter Ferreira.

Combined with

Red Ray 1km strike was also conducted independently by Dr Cedric Simonet.

The new updated MRE will be for Kilimapesa hill and reviewed by Caracal's Group Mineral resource manager Franck Bizouerne.

The main difference is the strike length from the old 1.2km to 2.6km.

I think 300Koz is a bit too conservative probably 400Koz to 600Koz more Gold

A big clue is that the company are searching for a 2Moz+ resource from Kilimapesa and surrounding area.

Half of the Gold already comes from Kilimapesa hill where the updated MRE. will come from. They'll be looking towards getting 1Moz from the hill. IMO

Aprogerson it was just an example of the potential. We already know it's 671Koz including Red Ray. But I do think it's going to be between 300koz - 600Koz increase .

So I'm predicting MRE to be 1Moz+

Don't forget the gold strike has been increased from 1.2km to 2.6km which is 115% increase.

531,000 oz + 115% = 1,141,650 oz

Tomorrow hopefully and it's overdue

Only one, they can also buy assets through non-dilutive methods like cash or through debt. They are a gold producer and therefore they have means to pay at any MCAP