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2 interviews down......1 to go on Thursday.
1 RNS expected this week and maybe another before the month is out - oh, and Nairobi listing imminent which will reduce free float!
.....lots of interaction in addition to LSE in GCAT Telegram Group if you fancy:
https://t.me/GCAT_CARACALGOLD
PP
....soon.
The buzz is back…after only the starter course with mains and dessert to come in quick succession.
Interviews + RNS's = Next Leg-up...
Agreed - i think gold producer and aggressive explorer could be an explosive mix…I think goldbugs and miner followers alike will soon join on next news
GCAT - In addition to research notes: 3 interviews scheduled over next 2 weeks:
- FLV this Thursday - 21st Oct
- Sunday Roast next Sunday - 24th Oct
- Proactive following Thursday - 28th Oct
That’s a lot of promo - wonder what news will drop and when?
All positive - nice volume yesterday and today to get rid of more churn ahead of rise next week.
Technicals look primed - all we need is some news.....and we know / expect at least 1 or 2 to land in next few weeks.
Always smart to load-up early.
Looks like we found the bottom for this pullback and we are ready to explode again...
News imminent:
- Nairobi listing
- Operational Update
- Acquisitions.....
Lots to come - good volume of churn and buying support to repel 1.4 and switch stock from legacy sellers into fresh new sticky hand buyers...
Agreed - I've made 3 final top-ups (I think!).....none printed yet.
Agreed - expect we are at or close to the bottom, and agree will rise over next few sessions or early next week.
Just like previous dips - great opportunity to top up as we've seen how quickly this moves, plus great we are now consolidating at higher base than last time (healthy price action - pullbacks are normal).
Technical Perspective = 1hr TF - Potential Hidden Bullish Divergence. Bounced off the 200MA support too
GCAT Research notes:
- Share register nice and tight with circa 50% held by Directors / Senior Management and a couple off Institutional Investors including ORCA (TR1 today)
- Further German II in the pipeline...?
- Warrants priced at 2.5p (current SP circa 1.3p) - clear short-term achievable target
- Nairobi Stock Exchange listing within 4 weeks. GCAT will be become 1st listed mining company in East Africa
- @Kenyan UK trade summit, British Foreign Secretary announced GCAT upcoming listing....lots of political support both in UK and Africa.
- Nairobi centre of finance and growing in significance, allows access to tremendous amounts of local capital which have few opportunities to invest.
- Only official producer of gold in Kenya, looking to identify other opportunities in Tanzania in near future.
Expecting 2 pieces of news this month....
Ditto added a chunk yesterday on the dip and have some dry powder if we see any further weakness.
So much to come here - this really is early still.
Lots of growth potential and news will take back to recent highs and beyond
PP
Another delayed 1.5m printed - that last 5m must be pretty much done.
4m in 3 sells alone since just before 3pm today....
https://t.me/GCAT_CARACALGOLD
More the merrier - now 80+ investors.
ST - would be great to have you in the group....;0)
PP
They've been offloading at 1.6 per price action / L2 - to be expected when 60% up from placement.
Great to see cleared so quickly .
Great news - clearly there was a big seller(s), but to know reason why and who is great for transparency.
"Only taken just over a month to replace their equity"
Wow - now, sit back and watch this rise without that selling pressure in play feeding the market....
Tight stock / register = quick re-rate imminent ;0)
Let's see.
Well what a great past week - but more to come.
GCAT - bull flag forming.
Consolidated wonderfully post Friday / Monday 2 x 20% rises.
Appears next leg is not far round the corner.
Currently 1.6p - expect 2p to be taken out end of week early next.
Warrants @ 2.5p - so blue sky till then (+20% e.g. 3p to make it worthwhile)
Gave a buyzone fair warning ahead of last re-rate.....
....re-rate underway - well don to those who held nerve this week.
Lovely price action today - hoping to hold material gains till close and then nice trend shift for October.
All welcome....
https://t.me/GCAT_CARACALGOLD
https://twitter.com/JB_MiningAfrica/status/1443602486833651720
Jason already stated in interview 50% in tight hands - breakdown appears to be:
- Orca Capital with 9.5%
- DEM Deutsche E Metalle with 10.5%.
- Directors and Management team with 21.7%
- Unaccounted for 8.3%
Shenanigan's at moment - but II's confirmed with at least 20% is very encouraging to me....
Especially when we know ORCA definitely bought post RTO.
PP