Member Info for Suggins

It’s like the start of a drag race, wheels are furiously spinning, dust cloud billowing up and when this seller(s) is out the clutch will go and we will zoom !

Assuming All Star have no interest in East African gold resources good luck to them.

Jason seems to be an excellent deal maker so his current position at Gcat hopefully makes best use of these strengths.

Sectioned ?

If the new heap leach delivers 6,000 oz /year when up and running :-

Say 1.25 g/t average grade * 20,000 t * say 60% recovery gives just under 500 oz/month I think.

it makes the 24,000 oz/a target look very much within reach as the plant was already operating at 1,000 oz/m.

Yes certainly good news re the heap leach but the opening paragraph:-

‘Caracal Gold plc, the expanding East African gold producer with operations in East Africa and over 650,000oz JORC-compliant gold resources, today announces details of its new heap leach plant.’

Should this refer to over 650,000 oz in Kenya or have the two acquisitions gone ?!

I thought it might be easier to start a new thread on this point re CostaMooney's post earlier today. I certainly do not have any answers but would be interested in finding out more even if it really doesn't matter too much.

My question relates to the 'consideration shares' issued on re-admission. The total is stated to be 428,846,154 (p31 of the Prospectus). This is made up of shares to Mayflower (325,000,000 see page 36) and shares to Goldplat (the remainder 103,000,000).

The Goldplat shares, around 7%, are locked in. With Mayflower only 53,333,333 (if you believe page 6) or 55,300,000 (if you believe 134) are expressed to be locked in. So from this category what is the status of the other 271,500,000 ish consideration shares (almost 19% of the total)?

Can anyone explain this ?

Good point portfoliopower.

Another point which has struck me and I am not sure who made it, possibly Itsyou, is that the assay results don't even need to be very good to allow for economic extraction. Such is the benefit of having a fully operational plant already in place that even very low grades can now be considered economic. With the main plant taking higher grade and the new heap leach to take lower grade material almost any gold relatively near the surface is going to be gobbled up.

Feedstock should not be an issue to the Kili operations for many many years.

The AGM, the ‘double bottom’ and the spring equinox converge. The end of the beginning clearly marked. Onwards and upwards from here.

Excellent timing on those purchasers. Hopef Even those of us with dreadful timing will be in profit soon enough.

I think itsyou must be granting you leeway as new holders as I’m sure his AIM alarm will have gone off.

Older and wiser - ‘ attack on severely oversold AIM shares’

Pf-builder - ‘ like most exploration companies on the AIM.’

I managed to log into the AGM and it was all a bit embarrassing. I had a not terribly absorbing work meeting over run and I tried to listen to both at once with the champions league draw on in the background. The formal business of the AGM was over in a few minutes and I think I must have been the only shareholder logged in as they somewhat caught me by surprise and asked if I had any questions by name. Taking me back to being at school I had to confirm in front of the class that I had not done my homework.

Both Robbie and Gerard were together on zoom and very kindly offered to answer any questions I may submit to them by email. There were probably 8 or so others in attendance either around a board table or on zoom themselves and I assume they were various broker/legal representatives etc. I saw water on the table but not so much as an oat biscuit crumb.

In so far as any information could be gleaned from such an event both of the directors looked to be in good spirits.

So in summary; no questions were asked and the meeting was closed around 5 mins after it started with all resolutions passed. I have since purchased a few additional shares as a penance for not being ready/able to ask questions when called upon.

I phoned VSA earlier and they emailed me some zoom details. Maybe they just don’t like you ?

Is anyone going ? Could you report back on the canapés?

I’ll try to tune in but doubt they’ll detail the vol-au-vents over zoom.

I was thinking exactly the same thing, buy price now below recent raising price. I shouldn't have complained about not having an opportunity to buy at that level. Someone must be very keen to get out relatively quickly.

Good to hear, the company certainly seems to be strengthening on all fronts (except share price). Onwards and upwards.

The unheralded resignation of an auditor is a good thing right ?

I can see a resolution relating to the reappointment of an auditor; anyone know why they switched ?

Oh great thank you (I was think the companies house website as in their own 'in-house' website). Never thought about looking on companies house.

Thank you Portfolio Power and that does all sound very reasonable but I still cannot find a copy.

What is the 'company's house website' is this different to their main website?

Many thanks

They definitely have a vacancy for an Rns proof reader / sense checker.

You should be collecting proxy forms !

‘To approve the Directors’ Remuneration Policy contained in the Directors’ Remuneration Report ‘

Has anyone got a copy of this report and policy ?