Member Info for Hodgeyd

Gibberish. You’re being blocked. Suddenly your posts appear and living up to your nickname.

Great news to see this and other things happening and regular news flow. Really positive.
Power redundancy is important over there with so many potential outages so well done to the team for getting this in place.
So much more news due, to see the SP languishing where it is is shocking but prospectus, financing and resource increase / drilling etc all due and we will then see this re-rate nicely.
It’ll be more than a great year for Caracal

Yup. I was just in the process of looking back and checking dates. Clearly just a tidying up exercise.
Good to have it clarified.

Recent rise??
It’s gone from .7p ish down to .35p ish.
Funding is needed, hopefully something will be announced soon.
If Philoro are no longer interested it should be RNS’d. imo.
And new funding could be another couple of months away yet.
Happy to wait as I’m confident they will get funding. Lots of other news due too so plenty to wait for

No one has lied or mislead here.
Announcements were made based on agreements signed, lawyers then uncovered an issue relating to local law which meant the OCIM deal didn’t go ahead, OCIM decided to pull out. They did their DD and signed up based on it so for me that means a lot on terms of confidence in GCAT.
Philoro are still there, negotiations continue and I reckon they will offer up a bit more funds, maybe $5m.
This company has had its setbacks, so many young companies do, it’s life, but GCAT will flourish through 2023 and I’m sure funding will be secured sometime over the next few months.
The new Chairman is head honcho at Evrima, an investment firm looking at mining and similar companies to help them and of course, make money, so maybe he could do a deal to help GCAT. If it’s permitted and doesn’t mean any dilution, RM has been very clear that he does not want this, unless it’s absolutely a last resort.
RM works hard for GCAT and whilst he may not get it right all the time. And his enthusiasm might get the better of him at times, I have faith in him to continue to do what’s best for the company, he has a lot of skin in this so stands to gain from progress.
It is a shames that OCIM didn’t go ahead, and the delays are not great, but we’re talking 3 to 6 months I reckon and this company will look a lot different and so will the SP.

The previous funding did come and was signed up, a legal point prevented it from going ahead. OCIM carried out extensive and detailed DD and Caracal passed, the funding withdrawal was nothing to do with Caracals fundamentals.

As for being a t**t for putting £90k into this, how about £190k, I’m down £99.750 right now but not worried. It’s all relative to what one can afford to put in and I’m more than happy with my holding here just as I’m sure Gary McConnell is happy with his despite his paper loss right now. And yes, I’m also from Jersey, maybe it’s something in the sea air that helps us make these decisions lol

He is a Jersey resident, I believe used to work for Lloyds bank group there but not sure in what capacity.
Clearly he has the funds and felt he also had the knowledge and research to back up his £1.4m purchases.

This company was valued at .7 - .9p prior to any announcement about funding.
We've proved the company is solid enough for us to gain funders, one detail caused OCIM to withdraw and that had nothing to do with company stats, data or fundamentals. Due diligence passed with no issues and was enough for OCIM to commit $13.5m in total. Who knows, if government change the rules / law, OCIM may come back to the table in the future.
But, fundamentlas still stand, as they did prior to funding announcment, and nothing has changed since.
GCAT is a gold producer, and expanding. Resources increasing and more to come.
Lab on site, run independantly.
Rigs on site owned by GCAT
A team of around 450 employees doing what they do best.
The price drop is merely down to MM's, sentiment and that time of the year imo.
Robbie is a bloody hard worker, he will be all out tio secure further funding and has a few on the table to work with, the data room is all set up from Philoro and OCIM DD so all the info is there ready to go, this can only help speed up the process.
I see 2023 as a turnaround year for GCAT, both in terms of progress, production and works on sites, but also from the management who will improve and run a tighter ship, news on time, no false promises and sticking to timelines. I have a lot of trust and faith in Robbie and his team to deliver here. I'm now over 50% (almost £100k) down here but i'm not worried and feeling calm and at ease knowing that this will look a very different company over the coming months.
I reckon new finance will take between 3 and 6 months to secure, 3 months is quick, but however long it takes GCAT are producing, and it was more tjhan emnouigh for OCIM to sign up and take jus t 15% of production.
There may be a delay to achieve our hoped for 2k oz a month, but it'll happen as and when, the team WILL deliver.]
Gary McConnell has comitted around £1.4m into GCAT shares, he clearly sees the same and I can only imagine the loss he is showing right now, but I bet he is calm and at ease knowing the fundamentals here and what the future holds. Temporary setbacks like this are part and parcel of shares, especially mining, but we are ahead of a lot of other Co's who are merely exploring and not producing, way undervalued is an understatement here.
Stop the panicking, sit back, forget aboput them for a while and go do something more enjoyable, constructive, healthy and productive. The wait will be very worthwhile.

I’ll be holding long term. Been here a while and sitting in 60m shares.
Happy to wait 1, 2 or more years as when they get all their ducks lined up and the platform fully operation in all areas and white label up and available this will do rather well.
Hopefully anyway. Who knows but I’ll be here for a long time yet.
This is a huge project and it will take time, beyond what has already been achieved.
Just letting it sit and checking in once in a while just to see what’s happening.
It’ll go one day although almost 57bn shares in issue isn’t ideal. A big consolidation will come, 100 to 1 maybe, Thai would leave 566m in issue.
Let’s all wait and see and we can all post something in a couple of years and see where we are. Lol.

PF I have the same feeling.
Here’s hoping.

Couldn’t agree with you more Peak. All that’s needed here is some patience and trust in everyone behind SYME and VeChain to just get in and do their jobs.
Completing IM’s in other regions is key and they are on the way, so much work has been done already and it takes time to build a platform like this, having VeChain on board is a huge step and I’m sure we will see more news and IM’s coming through.
I’m sitting tight here, I’m sure we will all be rewarded and all the teams will push forwards with great success.

Just search GCATNEW

The Telegram group is good, worthwhile joining if you're a holder of GCAT.

It does seem a bit odd that RM said in the interview that news was imminent and since then we've had nothing. But we all know how hard he works, he's a man true to his word so if he says finance news due, it's coming, soon. Same with drill reul;ts and updates.
I have all the faith in Robbie, and the GCAT team, to deliver what they promised. so despite the radio silence, i'm not concerned and newsflow will start very soon.

I'm holding quite a large lot here, about £160k, and currently showing a £40k loss, nothing near what Gary McConnell would have!! So keep the faith everyone, newsflow will come and hopefully it will be as good as Robbie intimated in the interview and as good as his face suggested when it lit up when discussing it.

One thing is for sure....I can't wait to hear all the news that's expected.

The one thing we can't control is how the markets take it and how the SP reacts.

Well done Predator for changinbg the heading....

Q3 update shouldbe due by month end hopefully. This should confirm progress on HL plants and other works and how the new lab is performing too, be good to know the turnaround times for drill results compared to previopusly having to send materials away.

Loads of news due.....

I was expecting an RNS this morning, going by the recent Syockbox interview I took it that finance was sorted and news imminent, as in days away not weeks.

The suspension and accounting issue was a blow, albeit minor, but a blow in respect of it being unexpected and last minute. The only way it could've been avoided is ig the auditors had pulled their fingers out and dealt with things quicker and more ahead of time and deadlines.

I'm sure we will get RNS's next week, from my take of the interview, certainexpressions on Robbie's face when mentioning news tells me it's imminenet and good. That's just my take on it. All any of us can do is wait until those little red dots appear and see what is in the RNS.

Next week is fine by me and holding hear for the longer term anyway, waiting for them to hit theior 2k oz a month tarfget in Q1 2023 and if POG increases then even better.

Good luck all, whatever your strategy here, i'm sure holders will be rewarded nicely once news lands.

Same man maybe, but still absolutely nothing to do with Caracal.

Boom123
Your posts ARE suggesting fraud and just because the surname is the same you’re also tarring current CEO with the same brush. If your surname was West would that make you a serial killer? Even if related it wouldn’t.
An historic / legacy figure in the accounts, probably from before they even owned Kili mine, and maybe even in the previous guise of Papillon, previous auditor was happy, Caracal auditor not happy, they want clarification to finalise accounts so they’re happy and everything is sorted properly. They’re accountable for current and on-going accounts so need to be 100% happy with everything.
There is no suggestion of any wrong doing here whatsoever and tying in something just because of a surname is ridiculous beyond belief. You might as well just make it up and post it.
Caracal has a great team, starting from the top, and the work achieved so far is incredible considering.
I have no doubts suspension WILL be lifted shortly, good news will follow, including financing without dilution as previously promised and intimated in the recent interview.
When all this happens I’m sure you’ll be big enough to post an apology here.
Good luck all genuine holders, hold tight and good things will come to us. An SP re-rate is due too, especially once financing announced.
Exciting times ahead.

Robbie has already stated that they will not be going down the dilution route for funds.
let's get out of suspension and see what news is due, i'm hoping financing is one of them as well as drill results for both kili and TZ.

@DND2136
Yeah, i'd imagine dilution will be part and parcel of future plans / RTO. Fund raise is always on the cards so issuing of a lot of new shares is likely imo.
Hopefully i'm wrong......

So many just guessing and looking on the negative side!!
Look back at all taht the company have achieved. Look at the team that are now in place.
I've seen this numerous times where a company does an RTO and then a year or so later some anomaly crops up in the accounts from its previous guise, each time it's been minor, but HAS to be resolved.
That's how I see it here, my PF is showing £140k down today (17.4m shares) thanks to this suspension, but i'm not concerned or wasting any time worrying about it.
This will be OK, accounts will be sorted, auditors will get what they need to finalise and once suspension lifted news flow will start.
We are waiting on:-
- Update on Nairobi Exchange listing
-further drill results from Kili
-First drill results from TZ
-Update on new lab aand how it is helping/performing
-Progress on achieving 2k oz a month (And update on previous production to date)
-Financing - How and how much (With no dilution as told by RM)
-Future plans. Exploration, further drilling targets
-Possible Acquisitions (Although maybe a bit early for that yet)

I for one am expecting a lot of good news, and if we just get a couple of the abopve we should see the SP shift upwards finally and hope the markets finally see this company valued where it should be, especially if financing is sorted. I believe financing is the main key point that's holding the SP back at the mo (bar the suspension of course)