Member Info for itsyou

Also new Twitter pics just posted showing a gold pour.

Not just 1 tray filled as before, but has overflowed into the 3rd!

https://twitter.com/CaracalGoldplc/status/1481527148913569792

Good, delivering again on what they've previously said, which was to strengthen the Board.

...but I needed to have the £20k in cash already in my ISA.

The funds of the sale £20k, less costs, are now available in my regular account, while I'm down £20k of available cash in my ISA, but have the shares there which are not subject to tax/cgt.

You can B&I any amount of shares into your ISA, but you need to have the cash available in your ISA before the trade/s.

Yep... Charged me £50 for it though, even though he said £30 on the phone. H&L used to allow you to do it online, but not anymore.

Cheaper than selling on the bid and buying on the offer, with transaction costs and the differential of the spread as it was at the time.

The ones in my regular account were bought at a higher price, so I've now crystalized losses, which can be offset against my other gains for this financial year. I have done similar before to crystalize gains, in order to utilize my tax free CGT allowance.

My Typo, my bad.

As Reginal Perrin would probably say...I didn't get to where I am today, by using perfect grammar :-)

Apologies...Rajbury

Tajbury,
If you panicked, you can always buy them back :-)

Funnily enough, I was on the phone and hoping to get the transfer done at 1.66, but someone bought some and moved the bid up to 1.70, so I wasn't able to transfer as many. Now it's back at 1.66 :-(

My Bed and ISA just gone through at 1.70/170.25.

That panic'd someone to sell some!

gshivers,
I agree with you about not getting carried away, but wrt HUM they have ~£72m of debt and so require capital and interest repayments. Others the same.

GCAT have no debt!

SING joined as a MM today, so now 6 quoting.

Suggins,
Can't be having issues with underground mining, as they've built up a large stockpile, as shown in this mornings Tweet. :-)

Suggins,
I was also pondering the "open pit" comment.

Some large trades not reported yet, according to Autex.

Berenberg now quoting today

Hope they get appointed as joint broker, as they are a quality broker who have a huge wealthy client base and regularly do roadshows for their clients . They're German based, which ties in nicely with GCAT's largest shareholders.

AG,
" ones that live in Hope of a discovery hole" - But then that's just the start of finding out whether that discovery is economic to mine. Thus the FS studies are done to figure it out, after looking into metallurgy, strip ratio, topology, access to infrastructure, location of plant, cost of building the mine and plant...etc. Then if its economic, then can they get the environmental and mine permits. Can they get the finance and on what terms. All the above requires cash to do those studies.

The world is littered with discoveries that will never be mined, as most aren't economic.

Yet GCAT is already there and what many maybe missing here is, it's debt free!!

No capital repayments(and interest) for the cost of building the Mine and Plant, so all cashflow from Kili is going to expand capacity at the Plant and in exploration. From the ~1,000p/m projected now, to the planned ~1,500 p/m by mid next year after the 2nd Ball Mill(which is already on site, yet need refurbishing) is installed, which has the same capacity as the one in use now.

11/09/20 RNS..."Based upon the maximum average share price of Ordinary Shares for any 20 prior consecutive business days throughout the period to the vesting date, being the later of (a) the third anniversary of the date of grant and (b) the date falling 20 business days after the announcement of the Company's results for the financial year ended 31 May 2023"

AG,
And here's NPD 047 as shown on 19th Oct, as I pointed out back then(see core tray writing)

16.5m @ 4.08g/t and 8.09m @ 19.66g/t Au

https://pbs.twimg.com/media/FCDrJGHXoAQbfWL?format=jpg&name=large

"Channel sampling and trenching campaigns will continue on other known high-grade targets as identified in the Competent Persons Report, including Olepoipoi; Maghor and Natingile"

Natingile is in the disputed area, so have they resolved the issue?

From RTO prospectus
"Since August 2020, the matter has been discussed with the Ministry and the Cabinet Secretary, both of which have indicated their support to KPGL and MGIL. Accordingly, MGIL and KPGL remain confident that this dispute will be resolved in favour of KPGL and the area of Red Ray will be returned to the prospecting license in due course."

VSA note just out...

Caracal Gold (GCAT LN)# Caracal Gold (GCAT LN) has provided an operational update primarily in relation to the assets in Kenya where the ramp up at Kilimapesa is ongoing and exploration work on the wider exploration licenses has begun. On the mining license a 16 hole, 3,000m diamond drill programme is underway to confirm down dip mineralisation continuity from the current underground mining operations. Drill targets have been identified by surface mapping, trenching, channel sampling as well as mapping and geochemical sampling. As with many companies across the industry assay turnaround times are slow and results are not expected until the end of Q1 2022, however, this should be the period with the longest lag given the other follow up exploration both in Kenya and subsequently at the recently acquired Tanzanian assets, which increased the group’s resources to 1.7mnoz Au. This indicates a catalyst heavy 2022 once the first assays begin to be returned on top of updates from the operating mine. In the wider exploration licenses which have been little explored by modern techniques a 10,000m reverse circulation programme is being conducted. This programme is largely on the Southern Mineralised Zone where the company recently reported strong trenching results including 40m at 4.85g/t Au and where until now Colonial and artisanal workings have been the best indication of gold mineralisation. This regional drilling programme is being conducted systematically across areas of known mineralisation as indicated by mapping, sampling and trenching. These techniques for drill targeting are ongoing across the broader license area to identify new zones of mineralisation. We reiterate our Buy recommendation and 4.2p/sh. target price.

AG,
I hope you get the discussion going with that link. I posted that and another on 7th Dec and nothing. Also nothing from my 19th Oct post, that would have led you to that link. Too many rampers at the time talking Cr@p.