Member Info for Hodgeyd

@Chaiwala

I was in another company that suspended for the same reasons and it took a few months before they were back trading. It was down to an accounting issue from when it was a previous company before an RTO.

FCA are understaffed and things are taking a lot longer than they should. A new/revised Prospectus for an existing company is taking about 4 months to be approved.

It all takes time.

@jjJerseygirl

Do you live in Jersey? Only asking as I’m a Jersey lad but moved away a couple of years ago.

Maybe there will be a payment made when it’s due, and not before. Maybe they have the cash in the bank from high grade zone sales.

Another exciting part of the puzzle we’re yet to put in place and find out the big picture.

And prospectus, I hitch is the key to unlocking everything else in my view. I’m sure it’s imminent but we are in the hands of the FCA.

Q2 results are exciting and can’t wait to find out how well the high grade zone has produced / performed.

Financing news and JV are probably more linked to the Prospectus.

If we get all of this news in Q3 the yes, I believe 1p is possible but who knows how the markets and investors will react to it all.

Exciting times and the waiting continues.

Totally agree, MCAP of just £7m is crazy, but I think Q2 results will change this along with our financing that we’re hoping is due any time now.

I can see the MCAP doubling at least with news that’s due, possibly more but all depends on how the markets take the news and how much confidence comes back here after all the past failures (financing)

Time will tell and I don’t think we have long now to find out.

As previously mentioned, I think they’ve been exploring over the last few months and news on this will come out in July, just my opinion and I don’t know for sure, just hopeful.

Mining this high grade area has been such a bonus, not only to pay off debts, but also to progress ground works, if not in Q2 results then I definitely think Q3 will be a good quarter.

Hi JC

Yes, Robbie did suggest financing in Q3, he might’ve even suggested early Q3 but either way it’s Q3.

We’re nearly there now and I do hope we see the sp trickle up a bit heading towards funding news.

I also things they will have other news to come out shortly after financing. I believe they’ve been doing a lot of hard work in the background and building things up nicely.

I for one can’t wait for Q3 and beyond. Exciting times but keeping calm for now

Going by the increase in production I think the company will be able to pay back Mill End in cash in my opinion. Hopefully the new financing is agreed and paid to Caracal soo not guarantee this and some of it is dependant on the prospectus and some new shares being issued regardless, but hopefully a larger amount won’t need to be issued to Mill End.

Getting closer now and possibly no more than a month until financing news hits. Once it does things will get far more exciting.

I’m also sure that with increased funds, drilling and exploration is also moving forwards.

A lot going on.

It has been rather quiet here for sure, it as you say, rather active on-site which is great to see from the tweets.

Hopefully you’re right on funding and that RNS lands in the next month or so. Will be a big day and a huge step forward here and will allow so much other progress to happen.

Exciting times (hopefully)

And repaid from gold sales thanks to the high grade zone producing so well.

Well done to everyone at Caracal, clearly a lot of hard work going on and further steps made in the financing journey too.

I’ve to see the SP hold is little rise today, even on such small volume, hopefully as we get nearer to end of Q2 we’ll see the SP start to go up just slightly and hopefully up a lot more once funding confirmed and it’s in the bank.

Have a great weekend everyone, very excited for the weeks and months ahead here

@JerseyCrew

Good post and I think your figures add up nicely, albeit rather conservative imo. And probably yours too. There are a number of variables to consider in any calculations , and you’ve calculated one bar a week, and they’re producing two. This story is just beginning knowing all that’s to come in the next months / years.

This is building up well, the company have done and achieved a lot since finance collapsed. Much better comms and not over promising.

I for one am excited to read Q2 results, and new financing is getting close now and I reckon will be confirmed before end of June, but could be into July, just have to wait and see.

With big hints on twitter that the funding process is progressing well, I think both prospectus and funding announcements are due soon, hopefully by end of Q2 but early Q3 is possible. I’m sure an announcement will confirm funding agreed and money already in the bank rather than what happened last time.

Also excited to see Q2 production figures too. Once funding in work will progress on drilling, results and increasing MRE which will in turn provide more confidence in the company.

A lot of news due here and more than happy waiting for it.

In some cases yes but this is Jon dilutive funding and no interest as it is likely to be money for forward gold sales so in effect it is funding from production. They’re just getting the money up front in turn for selling the gold to the finder at a slightly discounted rate. Win win situation.
Having the money for future gold production allows speedier work on the ground, more drilling, upgrading plant and more and in turn should increase production and get new areas on line and producing, getting to their 24k oz a year target sooner and increasing this further one Vim and TZ come online.
So much to come here in the next months and years.

Depends how big the pours are each time as to how many a week they’ll need.
Don’t they have a mould with three layers, so potentially one pour could produce three bars?
Good to see Twitter active again and Elizabeth is feeling better, finance on track and going to plan. Hopefully the DD team were very impressed and things get signed up soon, that announcement will get us back to where we should be.
Still no news on prospectus.
And 30 day update coming soon too.
What a year so far…..

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.