Member Info for Suggins

To my mind this is the best RNS ever released by Caracal; amazing news, vital timing and completely unexpected (at least by me).

So 950 oz/month, and they have mapped at least the next quarter out, 950 x 3 x $1,900 = $5,4 million for the next quarter.

Brilliant news, hard work starting to pay off.

‘ Now, with the increased grade and reduced throughput of 360tpd, our current production monthly is estimated to be 790oz from the milling plant and 160oz per month from the heap leach pilot plant. ‘

The Gcat scoping study used a gold price of $1,650/oz with a stated AISC of $1,100/oz and so leaving $550/oz.

Gold at $1,950/oz leaves us with $850/oz which is around 65% higher than the number used in scoping study. The originally stated $118 million ten year free cash flow total could get a whole lot bigger !

Much more than great pictures coming out of Twitter now:-

‘NSE listing will be by end of 2nd qtr - we have to get prospectus out in UK and then use this as the basis for NSE prospectus.’

How can you not love an abandoned gold mine ?!

Bmv released a scoping study recently and used $1,750/oz I think so the Gcat study is definitely conservative.

Tweets seem to be growing in confidence all the time and taken with the interview it does seem like they are progressing very nicely towards a new funding deal.

Not sure of the point of that interview.

Seems an odd time to release an interview if there is no RNS but who knows. Tweets have seemed positive and gold is in demand.

Stockbox YouTube channel says the interview is scheduled for 8:00 tomorrow morning, somewhat suggestive.

Good luck all long term holders.

Interesting tweet today which suggests they are actually carrying out expansion work as opposed to simply operating what they have. You would think at least some funding must be arranged to pay for that and also that the recovery rate on existing pads is holding up.

I don’t fully understand why the plan drawing of the new large heap leach pad tweeted shows it directly adjacent to the existing pads but the satellite image with the red edge shows it a little way off. Not that that is particularly important.

And every oz seems to be worth more and more at the moment.

People seem keen on gold today. Maybe it’s the banking doom rumblings.

Another tweet with some welcome Kenyan sunshine just posted. Open pit operations seem to be fairly extensive now.

Whatever way you look at it the dividend not being paid is not good; nor is the apparent inability to buy this is an ISA.

My understanding is that this company is the wholly owned subsidiary company which is the owner of the Kenyan company which owns the mining licence. It’s shares are currently pledged to Orca as security for the $1mil advance until the prospectus is published.

Looking at companies house:-

- accounts are overdue by 3 months
- confirmation statement is over due by 2 and a half months
- director details (which should be updated within 14 days of a change) still show the only director at our ex-chairman.

What do all the advisors actually get paid for.

Does this suggest they are up to July in their review of matters ?

Does legalwolf **** in the woods ? Yes, but only when not catching salmon in their mouth or stealing unguarded picnic baskets.

A few tweets does not amount to a campaign of deceit.