Member Info for JerseyCrew

I get it
:-)

PaulFG - I have every sympathy for the finance team given the distractions - not only the audit but no doubt the hoops that they would have been jumping through to get a complex finance package in place - they run a lean ship here - not an abundance of project managers and spare accountants to come and pick up the slack I would suspect. We know the production figures will not be exciting so lets not get excited that we don't have them yet. Personally I am far more excited about the exploration news and the forward look strategy timeline along with the yet to be announced finance package.
ATB

I agree Legalwolf- detail will be commercially sensitive for OCIM - I would be very surprised if we get more detail.

Sign of things to come next week.
ATB

I think they deal at spot rate. Stand to be corrected.

I would add that extraordinary drill results might also have the desired effect on a rerate - the first rerate that is :-)

RPdard - whilst we do not know the low level detail of the contract it is 100% normal for an early redemption clause. That might mean a little premium in lieu of longer term financial gain to OCIM but you can be sure something will be in there.

Money follows money Mickey. Serious money! It’s how they made and continue to make….
ATB

I think we can safely assume Paul that the lawyers will have nailed down various stipulations within the contract to ensure repayment occurs in an acceptable time to all parties. One key part to the due dilligence will of course have been the capability of the company to repay. It’s lending money basic principles. Both parties have agreed to the contract - big money requires big confidence - in both sides. That is why the deal is such a huge endorsement to the big money watching. Their due dilligence has largely been done! I suspect many are now doing due dilligence in OCIM if they don’t already know them.
One other point - mining finance in global terms is a relatively small community. Most players will be aware of each other and certainly the funds know how the game is played. Whilst we pontificate over hourly movements in the SP I am sure more high powered / high value conversations are occurring.
ATB

Paul - that was the TRX deal. My point was that the deal with GCAT is likely to be bespoke to them. Have I missed your point?
Cheers

Remember that the OCIM group is huge - this deal was done with a part of the group who are in their infancy in providing this type of finance. That does not take away from their expertise or due dilligence, in fact it underlines the lengths that would have gone to, to assure themselves they were going to be repaid. I think however that they will be providing bespoke agreements and not one size fits all. Just my thoughts on the matter.
ATB

PaulFG - we have been told it’s 15% of production - work to that until we hear differently.

I know we don’t have them yet but can we just accept that the rises in production were never ever going to be linear and the important numbers will be hitting the run rate in March 2023.
All the derampers will be out in force making all sorts of misguided comments when they are out. Ignore them.
Please focus on the forthcoming exploration results and the ongoing change to the shareholders register.
Have a great day.

PaulFG - watch over the coming days - money follows money. You’ll see.
ATB

Dvharrison - you are spot on and importantly the serious money (instos are large pi’s will understand the significance of the endorsement that OCIM has given Caracal in providing these funds - the largest deal of it’s kind entered into by OCIM - their due dilligence would have made the recent audit look like an elementary school test. Many large wealthy eyes are now watching and will soon be joining the share register. Robbie was a busy chap in Frankfurt and London!
ATB

Hey Mickey - we have been here before haven't we! :-)
As we have said many times, this is so undervalued its almost farcical but we are starting to see a change in the share register into more sticky hands - the GoldPlat shares for example went to a safe and stable home I'm sure.
The traders will love this share in the coming weeks with so much news in the pipeline - they love volatility - especially if it's of their own making!
Anyone who brought on the news and is underwater now should not be worried - many of us believers have been underwater for several months now but always confident in the future. I actually briefly broke even the other day which was nice!
I can't believe I made another top up but I did this morning - it almost seemed criminal not to!!
ATB

Predator. You nailed it when you mentioned traders. The news we had and % increase we saw was a traders aphrodisiac. They are looking for relatively small gains and you bmv a bet your life they are trying to gauge the next buy in for rinse and repeat as you say. Their selling creates uncertainty and people try and beat each other in selling quickly. The best traders will win and the poor traders will start to blame the company for god knows what reason. At this stage in my book there is a sure fired way to make money. Buy and hold and wait. The fundamentals are a screaming buy. Trying to be clever in the journey is the real gamble here. 18% up so far in the last 5 days - thankyou very much and I didn’t trade once in that time. Good luck to you that can make it from trading.
ATB

Starbright,
"oh yes it is!"
...sorry, I thought we were making an early start on panto season.
ATB

Very good question ID.
I am not sure I can give a quick answer and I am certainly waiting on the drill results with excitement to give an indication of where we are heading on the exploration side. I think that the current SP is linked more to sentiment than facts at the moment and we are currently not only going through a phase of news and transformation on the ground, we are starting on a remodelling of the share register with GoldPlats exit being most notable. Those PIs who believe will stay and the traders will come and go as always. With a change in the register in favour of institutions however, that will create an increasing base over the coming months -an element will of course will still need to see the 2K March 23 number hit. Add in the potential for POG to move towards or past 2K and junior miners to come back into vogue...
So whilst I will stay vague on the resource number - I am very confident in them hitting the initial 2K per month bar a black swan in consumable supply chains and as regards the share price, I am equally confident that we will be circa 3p or more in 12 months time. I have tried to be conservative as well! Remember 3p only equals a MC of £56M - look at the comparisons that Robbie was making and he is closer to this than anyone!
ATB

Good point ID.
I remember my late father in law having a meeting with a solar heating salesman nearly 25 years ago - technology was not as good as today and it was going to take something like 30 years to get pay back. I watched the meeting and asked my fil why he had entertained the chap for over an hour when it was clear from the outset it was a non starter. He replied because he learned from the chaps approach to selling as well as about the product itself.
I find myself doing that occasionally here - probing and testing posters to their understanding or lack of it in the hope that I learn something. Here I have learned that Clifford needs to spend more time on something that he is positive about - I can use that information to my advantage as I have just done by filtering him.
ATB