Member Info for JerseyCrew

My initial reaction is that this is great news. Serious money being brought into play and we will retain 40% on a free carry. Local expertise and money will no doubt unlock doors that the team were struggling to open. The RNS contains a reminder of the numbers in the scoping study and of course the present POG. The only thing missing for me is any expectation of timeline but we have already waited a long time for a positive development and this is a very positive outcome, so I can be patient a little while longer. Could it be the template for Kochang in the future I wonder? One step at a time.

Lets see how the market reacts...

ATB

Pboo - aha - Karaoke then!

Love to know the connection with SS - dig deep enough and there will be one. Frankly sounds like a corporate vehicle to justify costs that end up where I wonder!

Pure conjecture on my part I hasten to add.

They need a better music track - Spandau Ballet and Gold is far too obvious and corny - thoughts anyone for some off piste relief?

30% full if I'm being pedantic Chippy - but hopefully 100% in time :-)

That would be great as well!

If you look at the trades there appears to be one trader moving the price with circa £20K sales - apart from that there are only small amounts being traded. So it just looks like the actions of one or two traders basically - nothing to worry about unless you really wanted to sell today / tomorrow.

Putting the SP to one side as a short term irrelevance (just a mild irritation) just reflect on:

1. Great RNS

2. Great interview by SD

3. Great presentation.

The SP will catch up and be great in time.

Absolutely Swampmonster - and that extends from audit to consumables - no corner shop to drop in to when spares are required.

If investors just slowed down to consider the layers upon layers of complexity of running a mine and then add in as you say added context for the jurisdiction. But that is the industry and country we are invested in and if you didn't realise it's not easy - well I guess we all do now.

And I repeat - the auditors seem to be on a massive professional learning curve with a mining company - add in they have dropped the ball it seems!!

Grrrrrrrr

I must remember my own words about cool heads - this particular topic does get me hot under the collar!

Hey Legalwolf

Just to clarify a couple of things according to the email from Robbie posted below:

Your comment: .... cast some doubt on the company's previous reporting by requesting independent verification of parts of it.

The email says:....On top of this PKF contacted SRK to audit the independent technical report done by DRA on Kilimapesa.

So reading this - there isn't doubt on Caracal's previous reporting - the auditors want an independent assessment on the independent mining report - absolute overkill in my personal opinion given the original report was independent BUT if you read everything else in the email about this audit company, it sounds like GCAT have been holding their hand and teaching them the Jack and Jill of mining.

I think the just criticism can be levied at the company for not chasing the audit company long and hard earlier but the sense of frustration is palpable in Robbie's email.

You ask lot of very good questions about the audit company - they should be on the hook here frankly.

Https://www.youtube.com/watch?v=9Gfzj2EOing

Cool heads whilst we wait and upon news.

If people want to be hot headed or simply are - now and when news released that’s up to them.

Personally getting hot headed now serves no purpose now and will only cloud judgement and a view on any news.

So personally even though we are still in suspension- my view is it’s a time for cool heads if you can.

Some might get hot under the collar at reading my view - that is not my intention though. I want everyone here to make money.

Any double glazing activity in the history?

Just curious Ladtofthesummer after rereading your post - what experience have you got in auditing multi jurisdiction mining operations?

How do you know the level of difficulty?

Do you know the level of detail that these audits go into?

I am not saying that this has taking too long and I am really fed up with the auditors who appear to be dragging their heals ... but not complicated?

Possibly Lastofthesummer - my only comment or suggestion would be to consider any new news that comes your way before arriving at your decision. If the share is decimated temporarily (a great word from the Roman's) then it isn't going to change the underlying business. All assumes of course that there is a financed plan and it sounds like Robbie is primed to reveal once the auditors sort their act out.

Time for very cool heads in my view. But each to their own.

Ningaloo - to make it easier:

https://m.youtube.com/watch?v=HQkZZ6OpRH4

Cheers

Agreed - summed up by;

Sh*t or get off the pot

Ningaloo - recommend listening to SD's interview yesterday where he addresses that very question. In short he says Newmont is probably the only major in the world that would not see Hav as a good fit to their portfolio. Good for us frankly.

Interesting no mention about Envoi fees for this - I doubt it is on a no win no fee type basis.

Very professional as always and underpins that GGP is looking at building a multi asset company.

Rome wasn't built in a Day - but this empire might be built by one!

Maybe confined to HL - I can see mine still