Member Info for Suggins

Looking at the Medicines Patent Pool website they should be able sell this drug to 105 countries.

More great news from BXP.

About time. Bxp takes off helmet and raises their bat to the crowd. Ton up.

With a fairly volatile domestic market the gap between the gdpr price and parent share price is starting to narrow. Still some way to go though.

I bet they cannot understand what is going on with the share price over at Gcat HQ. They keep releasing great news and the price either does nothing or falls.

Cue 'clarification' interview which shows that they feel that their statement of the full costs per oz was being conflated with other companies AISC and so showing them in a bad light. I am not sure that was the issue but we will see. I suppose it is definitely best to address every possible doubt as soon as it is raised.

At the current market cap it is hard to comprehend any downside and there is so much more good news just around the corner:-

- Maiden broker note
- Drill arrival and drill campaign commencement
- Local Listing
- Acquisition updates
- Plant improvement updates
- Mine production updates
- Further results from initial trench exploration

There was some talk of churn earlier this week. I take that to be referring to the initial sale of shares by those involved in the IPO and who are now selling for a quick return.

The company issued 1,448,425,658 shares according to the prospectus. The board and named investors purchased 525,697,487 shares. We are advised that these parties are locked in for a minimum of 12 months and so do not need to be factored into the possible churn. I have excluded Longley and Tatnal from that number because I was not clear if they were locked in or not.

If you take out the listed holders and directors it leaves, give or take, 922,746,171 shares. Total volume since 1 September commencement of trading has been 1,173,332,405. Total trading is therefore in the order of 125-130% of the free shares. This ignores any trading in Germany.

I am not sure if this is interesting or not. I fear it isn't.

It doesn’t sound like Red Rock Resources boss Andrew Bell (in an interview from a few weeks ago) thinks Caracal are undervalued.

He paints a slightly odd picture of Robbie driving a van round Kenya a bit like Steptoe desperately trying to find feed for the processing plant.

On re-reading the September update there may actually be a tiny grain of truth in that. There is a lot about work done to improve the mine production and a statement that the aimed for 700 tonnes per day plant throughput will comprise 300 tonnes from the mine but I couldn’t see the current figure for mine output stated.

https://stockboxmedia.com/interviews/red-rock-resources-ceo-answers-shareholder-questions/

Cheers Forever, give them a chance on their AISC target though. Goldplat tried for many many years to make this mine profitable and Caracal seem to have done that already (albeit only just).

That note set out in the tweet was not produced by the company but by a broker. The company cannot really be held fully accountable for information produced by third parties.

I think the 100/oz saving from mains power is made clear in the RNS (ie. an approximation linked to current production numbers) but it has perhaps it has become a little unclear in tweets etc. I do though think that they should be allowed to be bullish in tweets, it is a form of marketing after all, and they should also be able to expect that potential investors will examine the official RNS releases.

1. 'please demonstrate to me where and how they have saved 100 usd per oz including how this is 100usd an oz for every oz whether it be 500oz or 1000oz they are producing'

I think this amounts to something of an Aunt Sally but the latest RNS includes the following statement which seems fairly unambiguous (note use of word approximate as clearly it will depend on production etc and refence to at current production levels) :-

'As well as providing major costs savings at Kilimapesa, estimated to be approx. $100/oz at current gold production levels'

2. 'can someone also explain to me why their Twitter has gone from 900usd oz AISC to now saying over 900usd oz cash cost'

The latest production update RNS states:-

'Operating costs of US$985/oz were achieved in September 2021' [N.B. this is prior to the mains connection saving]

This is a factual statement of their current production costs. They go on, in the same RNS, to state 'the current total costs of US$1,694/oz were reported in September 2021' so there can really be no accusation of an attempt to confuse the two figures. The AISC of $900 is a long term target.

I think their production targets have always been made very clear. I’m not sure how someone could say otherwise. From the listing prospectus onwards there has been a consistent message. Repeated multiple times in RNS, interviews and tweets.

First big target is obviously 1000 oz/month by end of December and it would be a brave person to back against them hitting it. They have confirmed that they have already run the plant at the required rate for a number of days on the spin and are now tinkering and improving reliability etc so it can be hit consistently.

The same clarity exists in the target AISC numbers they have given. $900 is their target once production is up to speed and initial costs reduce. They are at around $1,700 ish now, pre electric saving, based on the current lower production numbers and ongoing high initial costs.

I see no smoke or mirrors. Just great progress from hard work, talent and experience.

From Goldplat Rns this morning:-

‘We have agreed with Caracal Gold to take up the remainder of the initial share consideration on the sale of Kilimapesa at the initial listing price of Caracal Gold and as a result, Caracal Gold has allotted an additional circa 32 878 000 shares in lieu of a cash payment of US$450,000, increasing the Group's shareholding in Caracal to 9.2%. ‘

When you are little grown ups tell you Santa is real but then it turns out to be a fat bloke with a fake beard and I was starting worry that might happen here.

I needn’t have worried. We now have solid evidence that Caracal is real and going to deliver golden Christmas gifts for all shareholders.

Agree it is excellent.

Try to stop the Caracal express now and you will be squashed!

Article in a local paper clearly shows the fantastic growth at Beximco against domestic competition.

https://www.dhakatribune.com/business/stock/2021/10/30/leading-pharmaceuticals-dominating-post-covid-stock-market

The research note mentioned from ‘research and markets’ is not freely available but a summary is:-

https://www.researchandmarkets.com/reports/5125539/bangladesh-pharmaceutical-market-future#src-pos-1

What we have then is market leading growth in a sector which is also growing very rapidly.

Good presentation I thought; Robbie’s enthusiasm and confidence are infectious. I found his near certainty in being able to confirm a larger resource post drilling particularly pleasing.

The big numbers update now promised for Monday will be interesting but as they are still ramping up to their initial 1000 oz/month target it may actually be of limited importance. I suppose it will confirm the various interview comments on production for the doubters.

The maiden broker note promised this week has not yet appeared and was not mentioned. Perhaps VSA wanted to see the production figures first and hopefully it will now follow hot on the heels of the Monday RNS.

It also sounded like an update on the Tanzanian acquisitions might not be far off as well.

All ticking along very nicely.

Nice to see formal confirmation of recent interview comments including that the 1000 oz / month target is on tack for this year.

Also note mains power now in place at the processing plant.

Good stuff.

Also maiden broker note and mains power connection confirmation expected.

Market cap around £13 million
Less cash in bank which was £3million as at 30/6/21
Less cash from mine sale £330,000
Less value of 7% ownership of mine £1.5 mil (and climbing)
Less mine smelting royalty up to £1.1 million

Leaves around £7million value in the ongoing business which made a profit for the year to 30/6/21 of over £5 million!

Could someone more knowledgeable and intelligent (virtually anyone) explain the lowly share price please.

Results released after trading in Bangladesh and they don’t trade Friday so will have to wait until Sunday here to see what this does to the parent price.

They closed at 229 taka or £1.95 and so our price is at 49%.

No vaccine distribution bonus but profits still up 45%. Wow. They call themselves fast growing, I’d say explosive.

Dividend of 3.5 taka or 3p/3%.

Interesting to see details including growth of foreign sales and forecasts which will now include sanofi purchase and the delayed vaccine distribution money.