Member Info for Suggins

Our new executive chair’s appointment has been registered at Companies House (together with the resignation of our old non-executive chair). Fairly quick work and good to see.

Be very interesting to have an interview with him and hear what his thoughts and plans are.

However, still no filings made against Caracal Holdings which I find rather troubling.

Tweet sounded extremely positive; out of interest does anyone know what the blue things are on the water in one of the pictures ?

Certainly can't hurt; do you have any clues on the quarter update release date ? We are definitely in the 'on or around the end of April 2023' zone so I assume any time now.

Cela24, could there be a legitimate reason to select a smaller piece of equipment (other than price) ? I'm thinking trundling up a dirt track up the side of a hill and then working in multiple smaller pit locations might call for smaller plant.

Cela24 - may I commend Diggerland to your attention ( https://www.diggerland.com/ ), I think you'd love it.

The latest delivery was a Shantui sd22, google suggests they are around $135,000 new.

I’ll have to get my old digger top trumps out of the loft to see how it compares with others on the market but it looks the part to me.

https://thefinancialexpress.com.bd/stock/bangladesh/leading-drug-makers-profits-down-in-q3-for-high-production-costs

Gibberish - what is perverse about a gold miner benefiting from high gold prices ?

Profit down 15% seems to be the headline.

The original resource was JORC compliant, it is all in the prospectus. The update might not have been but that only raises a possible question over the additional gold/confidence level.

You can say the new high grade area hasn’t been certificated but they do appear to keep digging it and processing it and soon enough will produce a jorc report for it.

Should they slow down in order to produce reports or just crack on ? The plant was there already so it’s not like they are wasting capex on a flimsy resource.

5,000 shares traded in their last session, after their Eid holidays and just before results. Maybe results will trigger some more activity.

If the expansion was aiming to deliver 24,000 oz/year and the input grade to the system doubles then won't the output similarly rise ? Might that explain apparent inconsistencies.

Was anyone at the actual presentation? Given share price movement since that point I’m starting to wonder what was said !

Thanks for sharing, a fairly good presentation I thought.

I liked the annotated share price graph on page 7 but felt the upcoming activities page 26 badly failed to reflect ongoing production and progress; from that page you would be forgiven for thinking nothing will happen until the finance is finalised.

ID78 - my reading of the RNS of 16 Feb is that the prospectus long stop is 30 June. Fits neatly with the anticipated financing completion date given in the recent interview. In the words of Col. Hannibal Smith; 'I love it when a plan comes together'.

We are on a deadline for the prospectus though, as imposed by the most recent Orca deal. Although Orca seem a friendly bunch so I wouldn’t be surprised if that date was fairly flexible.

The entire purpose of the prospectus is to provide the necessary information to potential shareholders. There is absolutely no risk of it somehow being dealt with in secret and for it only to come to light later.

Once drafted the company sends it to the FCA for approval, to make sure it meets their requirements, then it is published by the company.

Doesn’t the prospectus need to tie in with the terms of the funding deal ? If not, you might need two. I think that explains why it has not yet been produced.

Another brick in the wall.

As the song says; ‘if you don’t eat your meat, you can’t have any pudding’

Things continue to fall into place to enable success.

Definitely, and now with an independent contractor to come in and draw up the plans to mine it. I wonder what their ‘high grade’ cut off is ?