Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well said Mr Jinx, there's nothing wrong with hope and irrational optimism, for me it's the very core of the human condition. At 30p I would be very happy booking my ticket to the sun, at £1.88 I would be down at the Bentley dealership. LoL
on a slightly related note, Interestingly, OCP looks like it may have found an earlier way back into the American fertilizer market, that it had been sanctioned out of last year...
https://www.moroccoworldnews.com/2022/03/347408/ocp-group-partners-with-koch-industries-in-jorf-morocco
And who knows, may just have a pocket full of cash that they will need to place somewhere?
Thanks for sharing Westie50, it was a glimpse of possible futures that brought a moment of joy, even though I cannot personally believe in them right now - not that I don't sincerely hope that they could all come true you understand, but I just don't have the necessary perspective to reach the same conclusions.
It's funny though, that even our resident bottom feeders crave any one of the possible futures described, but being the fun sponges they are, instead of refuting any of the underlying facts, which obviously they cannot, they merely spout the same old conspiracy theories.
Strangely though, whilst insisting we are all doomed, instead of cashing in their profit straight away, they will stick around for a while longer, just to give the thing they are certain won't happen, a little bit longer to not happen. ;o)
At least Hillview1's beef is with a lack of communications on the timescale, even though the event in question has no published timescale.
As sheaoc1992 say's, 'Seems like everyone is hoping for a get rich quick scheme', which to be completely frank, I certainly am, but at least I do have enough of a grip on reality to know, that lottery wins aside, life just doesn't work like that.
Still overall, not all bad, because there is some light at the end of the tunnel, as all we have to is reach early April without the ESIA approval, and a whole bunch of earworms will just cease to exist... Now that certainly sounds like a worthwhile outcome to me ;o)
I don't think that anyone would disagree with that chisler - certainly not me. ;o)
Thanks for your kind words Trek, I'm sure that we all agree on what an emerging gem Caracal actually is. Unfortunately the whole junior mining sector is undervalued currently, but add in some reasonable assay results, and a doubling of gold production will make Caracal too tempting to resist.
@TrekMadone,
Personally I believe that anyone holding Caracal has already, completed some form of assessment journey, that has led to Caracal being the right destination, and that for me is the important point.
But IMO in the Junior Gold Miner sector there doesn't appear to be anyone quite like Caracal, who to me seem to be operating like a 'mini' Major Gold Miner. So whilst it will in no way add anything to my personal decision to choose Caracal, it may benefit others, who are starting from another point in this sector, to re-evaluate their position.
As ever it is a case of DYOR, but I personally would thank you for shedding additional light onto your own journey, when making your choice.
@Hillview1, Nice to see you feeling a little whimsical for a change, I know that this waiting is hard on all of us, so in response to your rhetorical question....
'A cheeky last bit do we think the company that has pumped in the $40million makes a call to the CEO asking how the permit is looking is met with the same silence .just a thought,
=> RNS Number : 9171R Emmerson PLC 10 November 2021 excerpts
'Relationship Agreement with GSM
,,,, The relationship agreement contains undertakings from GSM that, amongst other things, it will not seek to interfere with overall balance and independence of the Company's board, the day-to-day control of the Company and that all transactions and arrangements between the Company and GSM and members of its group will be at arm's length and on normal commercial terms....'
And of course;
'Board & Investor Accountant Appointment Rights
Under the Relationship Agreement, GSM has the right to appoint and maintain in office one Director... In addition, GSM also has the right to appoint, at its cost, an accountant ("Investor Accountant") in an observational role....'
But somehow I suspect that you were cognisant of the contents of the relevant RNS.
@Barravelli, I am surprised that a LTH such as yourself, could've have missed this one, detailing such a pivotal moment for this project? ;o)
IMO I think that you are completely correct UncleJohn, it would be completely preposterous to think that there was the slightest possibility that the Emmerson BoD were in any way trying to mislead us. I also agree that RNS is the only mechanism that can be used to communicate any information that would be likely to affect the SP - and this is unlikely at the moment as so much seems to be going on that would be commercially sensitive to be reported too prematurely.
On the subject of the purpose of the latest visit to Morocco, clearly GC and Josh needed to meet directly with the teams on the ground as this was the first opportunity since the last 6 of 7, design work packages had been placed.
Rupert I would certainly think, was circulating to get a sense of what is moving and what is not in the administration, by a series of informal discussions, like you would expect any ex-diplomat to operate. Hopefully there were numerous opportunities to check on the progress towards the ESIA approval meeting actually taking place - At least these are the activities I personally would have expected.
When I saw the trades taking place yesterday, my first thought was 'why were all these shareholders abandoning Caracal, when clearly they were selling on or near purchase price'? I must admit that it didn't make any sense until I was watching the news a lot later, and suddenly it all became clear, IMO those sellers were not running from Caracal, but rather rushing to opportunities that individuals believe are going to generate a more immediate gain in SP, due to the Russia/Ukraine war.
It may well be that those leavers are hoping for a quick profit elsewhere, that they can perhaps move back into Caracal later. Ironically, they may well be firm believers in what Greg25 has been saying repeatedly, '5p in H2 and 10p in 12mnths coming here!'. No criticism implied Greg25, but an agreement that the value in Caracal is more likely to appear in H2, so that gives leavers, 4 clear months to chase a profit elsewhere, before returning in time for cashing in on the profit here.
So if this effect or something similar is taking place, the question is will the SP remain low tomorrow or rebound rapidly? again IMO we could be looking at a a period of months before investors jump back on to Caracal, and possibly some more could still decide to jump ship, taking a small loss, to follow the herd. Whilst I sincerely hope I am wrong, I believe that until we are seen to be producing gold and able to take advantage of the rising PoG, rather than just stockpiling ore, we are unlikely to become the go-to-destination for investors looking for speedy gains. Personally this doesn't bother me as jumping around for a quick profit isn't my style and I have no doubts as to the trajectory of Caracal, I just hope that it won't cause any delays in any potential purchases due to what I believe will be a temporary dip in SP.
Jason, if you are listening?
You've taken us this far, and all of us here know that 2022 is going to be a game changer of a year - As was said in the film 'Field of Dreams' - IF YOU BUILD IT, THEY WILL COME, pretty apt for Caracal I would say.
=> Build those resources
=> Build those ore stockpiles
=> Build the Heap leach at Kilimapesa
=> Build that new processing plant at Kilimapesa and produce the 2,000ozs/m
=> Build the project team for the Tanzania mine site, produce the BFS, and get any required permissions
=> Build the new open pit mines
=> Build the monthly gold ounces produced,
Any one of these will push the SP in the right direction, because the value added will just be too great to ignore. So all of the 10-50% gainers who were going to sell the moment a small gain could be made can disappear sooner, rather than later, as for as the 'rest of us here for the long term', are concerned.
ATB to all of the Caracal Team - JUST KEEP FOCUSSED ON DOING WHAT YOU HAVE BEEN, AND WE WILL BE OVER THE MOON!
GLA
@M_Night, I would like to say that I'm not envious, but I'm not the Hulk, so the shade of green gives it away... ;o)
But seriously if you have the cash, then go for it , as like you I believe ATM it is cheap with a capital C. Also it will be interesting to see how the market responds to your purchases, as even with the Assay results coming out, unless they are humongous , I'm still thinking H2 for a big rerate, once that engineering work puts the first cherry on this cake. Obviously though I will be happy to be proven wrong, even though my personal agenda desires an upsurge post April so I can stuff the old ISA - pure selfishness I know, but all of us planning to hold anyway, so we are not losing anything if it happens a little later rather than sooner.
But as JavierP said (and Greg25 as well for that matter), if the sentiment changes, the SP can suddenly take a leap, for no discernable reason at that moment in time, and I will certainly be enjoying that moment, whenever it comes, as much as anyone here.
Finally, thanks aprogerson, for your take on where mid-tier kicks in.
GLA
cogito, ergo sum chisler, and sorry, but all my cash is already invested in Emmerson....
As for you chisler, I did wonder if you were just looking for another game of 'burden tennis' - sorry to disappoint you chisler, but you haven't piqued my interest this time, so you will just have to continue playing with yourself..... :o)
@chisler,
I'm sure you are trying to bring some new perspective our attention, I'm assuming that you are referring to the article entitled 'Fertiliser and food: the next point of tension between EU and Moscow', but unless you can add a free to view link, or a summary of it's contents, then it makes discussion somewhat limited. :o)
Tyacks Gold Limited - License Status mapping table (Take two)
License in Expires Area Percent License Tanzanian
Presentation Date Mineral Km Owned Status Mapping ref.
PL 11332/2019 29/07/2023 Cu,Au 82.75 100 Active PL 11332/2019
PL 11233/2018 25/10/2022 Au 9.16 100 Active PL 11233/2018
PL 11235/2018 25/10/2022 Au 19.44 100 Active PL 11235/2018
PL 11234/2017 25/10/2022 Au 14.89 100 Active PL 11234/2017
PL 11651/2021 14/07/2025 Cu,Au 0.93 100 Active PL 14390/2019
PL 11652/2021 14/07/2025 Cu,Au 6.75 100 Active PL 14387/2021
PL 11654/2021 14/07/2025 Cu,Au 3.71 100 Active PL 14392/2021
PL 11650/2021 14/07/2025 Cu,Au 0.71 100 Active PL 14396/2021
PL 11653/2021 14/07/2025 Cu,Au 7.34 100 Active PL 14426/2019
PL 11626/2021 01/07/2025 Cu,Au 14.49 100 Active PL 14512/2019
PL 11625/2021 01/07/2025 Cu, Au 7.67 100 Active PL 14513/2019
PL 11745/2021 30/11/2025 Cu,Au 7.84 100 Active PL 14389/2019
12 licenses currently active for a total area of 175.68sq Km
@appletree1 interesting post.
It's the long list of possible factors, and others that could make this year really exciting for holders of gold producing stocks - I have even followed the arguments that argue we should possibly expect central banks to return to the 'Gold standard' to stabilise the value of their currencies, and American financial pundits are arguing that because there are so few basis points between two year and ten year bonds, and that means the Fed will only be able to implement 2 interest rate hikes, which won't be sufficient by itself to bring inflation under control, so it might get away from them - bad news for everyone, except those of us holding gold, once there is a general realisation that inflation is not going away quickly.
Sounds like the sort of plan that would be an easy win for central banks, but it probably sounds like letting Italy off too easily (and they didn't even mention Greece). ;o) - Quite what it whould mean to the Superbubble in American Equities market though, doesn't bear thinking about it, if they effectively write of huge amounts of debt.
Pity that the author of the article didn't explore the knock on effects though, as I don't have a clue where that action would leave us, apart from a guaranteed minimum $900 per oz of gold coming out of Kilimapesa.
Hopefully if it is going to happen, then it won't actually take place until after Caracal has got another two or three new projects purchased (at least).
Second half begins....
What I find most exciting though is the Tanzania half of the plan, where we see:
1. Approval and aquisition of major gold projectS - I'm not 100% sure if this just refers to finalising the transfer of exisiting ones or something new, but either way I'm loving the 's'..
2. Update JORC resource and reserve and open pit optimisationS - All of which sounds great for boosing the reserves and driving the eventual mining costs down.
3. New ProjectS team appointed to complete development studieS - This certainly indicates mutiple projects, but I am as yet unclear on whether this means studies per mine site or just providing mutiple studies per project. The minimum I would expect would be two, as I would have thought that at least one mine and one process plant would need to be commissioned in the same time frame, and does this dictate which mine site is exploited first, if the plan is to ship ore from the Simba mine for processing off site. It would certain make sense to optimise this particular fixed cost at an early stage in the planning .
Additionally I am uncertain what planning impact the thrust of Tanzania's mining laws will have. Perhaps someone else could clarify, but my simplistic understanding suggests that the maximum standard mining license life is 10 + 10 years, and I am unsure if the special mining license category runs for much longer? Obviously though. if we were forced down the SML route, where I believe you have to spend at least $100M in development, it would be a fantastic problem to have. More likely though, If I am correct on the normal maximum 20 years life of an initial mining, license plus one renewal, it might dictate phasing the exploitation of each mining site, but this is pure speculation on my part, and possibly would be dictated by the duration on an exploration license(s), presumably driving the start of the mining phase?
Anyway I am obviously very interested in how others interpret the wording of this planning overview - as my perspective is just that and I would hate to think that I am placing undue emphasis on just those plurals. ;o)
Whichever way you look at it, there really never is a dull moment at Caracal... and certainly not on this BB, which is a breath of fresh air compared to some of the snake pits I've seen elsewhere. Where hardly anyone posts like they actually have an interest in the the company they allegedly have bought shares in...
Thanks once again Guys for sharing your perspectives, so many good reflective comments but RPdard and AG1989, it's always a value add for me to read your posts as a starting point for new avenues of thought. Particularly as I don't do tweets, so thanks for the links, as the last one overviewing plans for 2022 spoke volumes to me, and all because of the letter 's'.
If you look at the Kenya plans, only one standout plural there, but it's big, 'Process plant upgradeS', and in this short statement so much is implied for the way ahead, rather than just the headline 2000ozs/month 'end point'. We know that Caracal aspirations are for 50,000ozs/pa, and indeed may extend to multiple 50,000ozs/pa mines within the 18-36 month time frame. So with this in mind, IMO this current phase is just a step along the path to 4-5000ozs/m, so the changes and improvements now should start to pre-stage the processing plant for this further expansion. Obviously, I'm not suggesting Kilimapesa will necessarily provide the ore for this, but the reserves in the SMZ will need processing at some point down the line, even though we'll need another mining license first, but the plant design now, should be reconfigurable later without a major disruption, if account is taken during the current restructure - as has been hinted at. Obviously that's for the future, but IMO is a value add on top of the expected major, volume and efficiency gains from phase 3 - more gold produced cheaper is an excellent first step to SP increases.
Whether my rambling thoughts are anywhere near the mark or not will be demonstrated quite quickly though. Finally on Kenya, one last thing that has long been predicted by others, is that when the resources reach the 1.5Mozs figure, is likely a clear indication that the drill rigs will soon be off to Tanzania - at least once the ink is dry on the acquisitions approval.
First half ends....
Sorry the table didn't work, I will re-jig and try again latter...
But the main plus is 175.68 sq Kms showing as approved, but there could be more as the data on the system is definitely in a poor state in places.
Hi All,
Yes, itsyou, I had stumbled across Manas, throwing in the towel as they didn't know how long the new regulations would take to land. in their:
A n n u a l R e p o r t dated 3 1 D e c e m b e r 2 0 1 8
• In May 2018, Manas withdrew from the VGP acquisition agreements due to the lack of progress in effecting licence transfers and on-going and increasing challenges of operating in Tanzania
(sorry, I have misplaced the actual link, so the quote is from my local copy), but ...
https://stockhead.com.au/resources/tanzanian-woes-force-manas-to-drop-gold-project-buy-shares-slump-20pc/
Not much else to report as I cannot currently bridge the gap from Cienega S.A.R.L to Tyacks Gold, but (if the format holds) here is a summary of the Tyacks licenses from the presentation, cross referenced to the Tanzanian mapping system information. Interestingly there are actually 12 (rather than 11) that are current and active (rather than expired), but I think resolving the Licenses containing the 'Reefs' is going to take some time as the mapping system does not even show the applications at the moment. Thankfully, if the license isn't granted then we don't pay for it, but still have the 1M ozs and loads of exploration potential.
Tyacks Gold Limited
License Applied For Granted Expires Area Km % Mapping ref.
PL 11332/2019 19/06/2018 30/07/2019 29/07/2023 Cu,Au 82.75 100 Active PL 11332/2019
PL 11233/2018 15/06/2017 26/10/2018 25/10/2022 Au 9.16 100 Active PL 11233/2018
PL 11235/2018 15/06/2017 26/10/2018 25/10/2022 Au 19.44 100 Active PL 11235/2018
PL 11234/2017 15/06/2017 26/10/2018 25/10/2022 Au 14.89 100 Active PL 11234/2017
PL 11651/2021 22/08/2019 15/07/2021 14/07/2025 Cu,Au 0.93 100 Active PL 14390/2019
PL 11652/2021 22/08/2019 15/07/2021 14/07/2025 Cu,Au 6.75 100 Active PL 14387/2021
PL 11654/2021 22/08/2019 15/07/2021 14/07/2025 Cu,Au 3.71 100 Active PL 14392/2021
PL 11650/2021 22/08/2019 15/07/2021 14/07/2025 Cu,Au 0.71 100 Active PL 14396/2021
PL 11653/2021 22/08/2019 15/07/2021 14/07/2025 Cu,Au 7.34 100 Active PL 14426/2019
PL 11626/2021 13/09/2019 02/07/2021 01/07/2025 Cu,Au 14.49 100 Active PL 14512/2019
PL 11625/2021 13/09/2019 02/07/2021 01/07/2025 Cu,Au 7.67 100 Active PL 14513/2019
PL 11745/2021 22/08/2019 01/12/2021 30/11/2025 Cu,Au 7.84 100 Active PL 14389/2019
Surprisingly though, there does seem to be a few individuals that have crept in as well..
David Chisengo Chiwango
PL 11583/2021 16/08/2019 07/05/2021 06/05/2025
PL 11583/2021 16/08/2019 07/05/2021 06/05/2025
appears to have the taken over PL 44440/2019 prospecting license, but looks to be a clear mistake as the area shown is in two separate parts, but showing the same size - which they are not, and also we have Wigunanhi Miners group and Warwa Katemi Warwa are in small plots in PL 11332/2019, without area size or expiry details. but the main news i
Remembering Jason's words, that Caracal are not just looking to repeat themselves, but instead looking for new bigger and better challenges, but always aiming towards targets which have confirmed resources, with perhaps BFS (or near to), with loads of exploration potential as well.
Whatever they are looking at, it would have to be special, even if others cannot yet see it. As ever they are looking for projects that have just run out of steam, perhaps when they are possibly only 12-18 months off of a mine build and production.
Good exploration targets are fine, but with just the estate we already have, it looks like 3+ years just to drill and prove the known targets. So unless another pair or two of drill rigs are going to be purchased, another mine refurb project would possibly be easier to swallow than another greenfield mine site IMO.
Having said all that, I will no doubt be over the moon, whenever and whatever they deliver.