The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
According to the following presentation , they will be working on an updated MRE as part of the roadmap for the year once funding is complete, is suspect they are doing this in parallel already
https://caracalgold.com/wp-content/uploads/2023/06/CP001.Caracal-Gold-Presentation-Mines-and-Money-April-2023.pdf
700k of JORC resources which is more then enough for the funder to get their money back or a stream of the golfd sales (hint hint), the mining plan will show how easy it is to achieve.
On top of that we have the high grade zones which does need to be drilled be JORC certified , then Vim Rutha and then Tanzania which are both great term exploration.
Get the funding over the line and the future is very promising
Yep, only advice I can give it to look at all the recent tweets and RNS and you can see the progress or at least set your mind at peace with what ever decision you make.
We are all frustrated without a doubt at the lack of progress, WSBN was a massive con and the a few names in there that I will steer clear off, remember GCAT are producing and have licenses
Simply trust and people are waiting for news on funding , prospectus etc and also rainbow chasing quick wins .
Robbie needs to earn the trust back over the funding issues and CLNs from Jan etc , ultimately the photos show they are actively mining and progressing, if they turn out 1500-2000 this quarter that's still close to $4 million revenue for a company with a market cap this size.
It's high risk at the moment but good shoot up rapidly on the above news, certainly been a rocky road which I believe we are coming to the end of .
Once the above is sorted and the start expanding, exploration results this should go north quickly, until then it's a case of sit patient , stay on the sidelines or sell. Something only an individual can decide. Waiting is the hardest part without a doubt
I know very well as I've studied it in depth as part of my role in Cyber and Privacy the challenges it has and always fact check , for certain not sensitive information it's very good at providing bulleted points.
Without going off piste too much it really comes down to the training data provided and the relevant checks put in place, we all know the saying of rubbish in, rubbish out which is why large scale LLMs are potentially safer. On that I was actually reading a great article on state sponsored LLM models being developed to influence society and spread propoganda.
Many already in use, anyway back to GCAT but a very fascinating area especially when you start reading into the models and how they work
I'm not sure there is enough in there for an RNS but it's showing a busy mining thats starting to look very professionally run plus those rock face pictures appear to have exposed gold.
Just need the finance RNS , Q2 and prospectus
Here you go Watcher, ChatGPT and other tools are very good at answering these sorts of questions and many others
An independent mining plan refers to a comprehensive strategy developed by a mining company or a mining consultant that outlines the approach to extract minerals or other geological materials from the earth. This plan is independent in the sense that it's formulated without influence or control by another entity, such as a parent company, government, or other external parties.
The elements of an independent mining plan typically include:
Exploration Plan: This involves surveying and testing to locate and estimate the size and quality of mineral deposits. It often includes geological mapping, geophysical methods, and exploratory drilling.
Mining Method: This outlines the technique used to extract the mineral deposits. Methods can vary based on the type of deposit, its location, and other geological factors. Common methods include open-pit mining, underground mining, placer mining, and mountaintop removal mining.
Environmental Impact Assessment: This evaluates the potential environmental effects of the mining operation. It includes the assessment of impacts on the local flora and fauna, water resources, air quality, and human communities.
Safety Measures: This includes plans for ensuring the safety of the workers and the surrounding communities. It covers topics like emergency response plans, hazard identification, and risk management strategies.
Financial Analysis: This includes the estimation of the costs and potential revenues of the mining operation. It often involves financial modeling and might take into account factors like commodity prices, operating costs, and capital expenditures.
Closure and Reclamation Plan: This outlines the steps that will be taken to close the mine and restore the land once mining operations have ceased.
An independent mining plan should also comply with all relevant laws, regulations, and best practices in the mining industry.
We are definitely due some news soon without a doubt and expecting some positives or updates before the end of July.
The positives are those who leant the money for the "transactions fee" for the funding would not have done so if they thought they were about to lose almost £400k, I suspect they would have done some due diligence especially given the history.
As this stage we should be the most inspected mine in the history of mining given all the due diligence carried out.
Fully agreed they need to get some positive statements out and not just tweets, saying that most of these companies at this end of the market all have skeletons in the closet
The conversion will.only happy if they cannot pay the outstanding amounts , something I believe /hope they are trying to do with profit from gold sales.
Hence the raise being used for transactional fees, this is theory but is inline with the payments they've been making to them with gold sales thus far .
Guess we will see
Ultimately it will depend if they will manage to pay off ME from mining as they have been making payments, if they can make the final payments from mining profits then the dilution won't happen.
As per your statement, this is a theory until it actually happens and no one knows until we get an RNS stating either way, but yes the release of the prospectus would be helpful.
The important part will be A) Did she resign or was she pushed? B) Was she effectively carrying out the role?
Guess as always we should find out soon (ish), my hope is it's the funders/JV partners wanting their own seat at the table, I certainly would.
People come and go so I'm not worried about that, WWF would also look better on your CV.
With regards to the small placing (7% ish), whilst I'm a big supporter of the company the only conclusion I can come to is they used this to pay the legal cost (transactional cost etc) like you would with a mortgage to get the funding sorted whilst using the smelt money to pay off Mill End.
Obviously, until we have the RNS / prospectus no one can say.
The good news hopefully is we are going to find out pretty soon what the results were for Q2 (This should clarify) and then all the other bits. All going well, we can get on with the actual plan and move forward