Member Info for Suggins

Yes; loving the little diagrams this time (be nice to have a few more and with more location data on them).

This exploration after mine development is rather odd though. I think I’d like more official comment on this as grades here need to be viewed differently to normal exploration work in my opinion. A digger can almost literally be sent trundling off to these areas and we can convert these grades to d’or in no time at all, and with the heap leach, at low cost.

‘3m @ 4.09g/t Au from 13m‘ - get it dug !

After watching his interview he looks to be a really cracking signing. The sort of non-exec you’d expect to see at major global company; no idea how Mr McCrea managed to get him on board.

Here he is out and about spreading the good word :-

https://twitter.com/caracalgoldplc/status/1531896184423559168?s=21&t=FqUm4td5zXXs2K4u_xeHzA

I am not certain but it looks like the shares element of the consideration has been pushed back in this new revised deal and given our current share price that is great news and a real weight off my mind.

Originally, I think we had $500,000 cash plus $2.5 million in shares on completion. Now we have $500,000 cash, then a further $1,000,000 cash and then the shares at some point in the future. It sounds like 'completion' has been pushed back but with a licence of some sort to get working prior to completion and obviously with a firm option/commitment to complete built in.

This new deal appears to allow us to crack on with the work but also time to get the updated resource statement for Kili Hill released and so get the share price up before any payment in shares is required.

If my interpretation is correct then this is another excellent bit of business.

PA Announcement:-

'Will Greg please come to the message board, that's Greg to the message board; customer waiting'

Just in case it is useful for any potential new investors who may have watched one of the excellent recent interviews and be considering dipping a toe into the cool clear Gcat waters I thought I might just list previous fund raisings so as to highlight the excellent entry opportunity the current share price provides (approx. figures):-

0.75p - £2.7 million raised pre IPO
1.00p - £2.8 million raised at IPO on 31 August 2021
0.95p - £1.7 million raised for accelerated plant expansion on 14 February 2022
1.25p - £300k raised for accelerated plant expansion on 14 February 2022

This is therefore a chance to buy in at the founders price but with a huge amount of de-risking having already taken place and without having to stump up high net worth individual levels of investment. This in my view is the type opportunity which is not usually available to ordinary investors.

Another solid interview.

I’m not entirely convinced that producing 900oz in a month is proof you can produce 1,000oz a month but otherwise everything sounded very good especially the heap leach progress.

The big stockbox interview is out now I think. Should help.

Gold price nudged up.

Talking of PR we got a mention on ‘the Sunday roast’:-

‘Caracal gold which seems to have just dumped since it came on the market’

Bit mean.

Four times undervalued definitely seems like a bullish stance to me but I suppose we do need to get to 5p in time for Santa, so why not.

At 5p I think we can probably all chip in and charter a plane to Nairobi.

https://gatundus.co.uk/

Leicester.

Might be worth also having a half way celebratory snack at 5p; I am sure the uneaten vol-u-vents from the AGM are still in the freezer over at the broker's office.

Mark the date in your diaries. Onwards and upwards from here.

‘AISC of $1200-1250, when it was $960 in Q4 of last year (prior to switching power supply to decrease costs?‘

I think the 960 was limited to production cost rather than the AISC which includes wider business costs. So there has not been a significant cost increase just a different metric reported.

Itsyou; how much processing is required before you can get a decent yield with a heap leach ? Some crushing etc must be required.

‘In January we produced just under 1,000oz’ ; nice to know.

Nice interview. Thanks for the link.

Everything looking good except the share price, pretty sure that equals a cracking investment opportunity ! I bought a very few more, showing as a sell.

Stockbox interview out Monday says twitter.