The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
https://audioboom.com/posts/8012243-traders-cafe-with-zak-mir-jason-brewer-commercial-director-caracal-gold
New podcast with Jason.
President himself welcome the news. Bodes very well for us.
Zimbabwean president welcomes Chinese miner’s acquisition of lithium mine
"Zimbabwean President Emmerson Mnangagwa on Friday welcomed the partnership between Chinese company Zhejiang Huayou Cobalt and Australia-listed company Prospect Resources, under which the Chinese company will acquire Arcadia Lithium Mine."
"State broadcaster ZBC reported that Mnangagwa said the signing of the agreement for the development of the Arcadia Lithium Mine was a positive development as the country continued to march toward the attainment of a 12-billion-U.S.-dollar mining sector by 2023."
"President Mnangagwa promised that the government would continue to implement comprehensive reforms to enhance the country’s competitiveness in this sector."
https://africa.cgtn.com/2021/12/25/zimbabwean-president-welcomes-chinese-miners-acquisition-of-lithium-mine/
AG1989, I was really amazed when it went back down to that level.
Omicron did the share no favours, especially as it emerged from the continent and no doubt there were jitters across the board. You can see the price started to fall back down to 1.05p around the time it began spreading rapidly and there was still a lot of unknowns about the variant. Otherwise, I don't think it would have fallen under 1.20p, as that was solid support before that.
Outside of the companies own growth, rising inflation could work in favour of the gold price which is now back over $1800 per oz. Omicron is also quite mild and not as bad as feared. Onwards and upwards for GCAT, gold prices and the markets in general.
I am going to guess Q4 results will total about 2000oz of gold (may be much more) for Oct-Dec. If so, that's about $3.6 mil revenue which would be very impressive for one quarter for a small cap like this, when others are in debt and relying on placings.
The (g)cat will certainly be out the bag then and many will see the incoming growth that we do this year.
He also specifically signalled it was predominately Chinese interest in yesterdays Stockbox interview.
https://www.youtube.com/watch?v=bZ27bwP0uq0&t=1s&ab_channel=StockBox
I bet Huayou are one of the interested parties now that they've bought one mine in Zimb.
https://www.reuters.com/business/chinas-huayou-buys-lithium-mine-zimbabwe-422-mln-2021-12-22/