focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Progressing nicely
https://twitter.com/CaracalGoldplc/status/1669589642465746947?t=aRJFxTOHIgkIZTgR6D9ujA&s=19
https://twitter.com/CaracalGoldplc/status/1669590441572876288?t=z--edSKZwbaAxxMiAg9-mA&s=19
That would be quite the RNS, we were on course for 24k/oz a year with 2k/oz this month, unfortunately someone stole 1500/oz of it as I kept putting every time I was smelting on Twitter.
Oddly enough the security guard has also just left and posted pictures of himself in Barbados ...
Agreed, happy to wait as long they deliver on those things .
Those who want to remain in will, those who want out have sold and then there are traders looking for a quick 10% . Typically the ones that appear when there is news, hype / deramp it up and then disappear.
I'm getting on with life, enjoying work and the sunshine .
The new chair also appears to be getting on with what he was employed for, time will tell
They also need to go through revisions if required, combined with the apparent shortage of staff at the FCA this adds up.
It will come when it's ready , more then likely by the end of June I suspect
I reckon this is the case with the funders, put your own people in on board seats to make sure the right decisions are being made and you can accurately report back.
Surely getting rid of dead wood and overpaid salaries that don't appear to have delivered is part of the Corporate governance, this in addition to all the other things mentioned .
Guess we will find out, I just hope they are actually getting this high grade ore out the ground
Agreed
In the 18 months I've been in GCAT, our fortunes have reduced massively due to a combination of incompetence and also some mis-fortune, was it these people advising which led to these mistakes? They certainly haven't put the wind in our sails, thats for sure.
I see this as removing the dead wood.
Also, could our prospective funding partner be looking to place their own people on the board, usually this happens when they want to steer a company or maybe look at a takeover longer term.
My suspicions on the finance is they need to either pay off ME as new funder doesn't want their money used to finance someone else bad debt , this also proves they have the production capacity , expertise to make investment worthwhile.
New funds are then used on capital projects i.e. expansion, Tanzania and exploration
Surely they must be out by now as on the days and periods afterwards there were some very high volume shares, amazed me that the threshold was crossed on April 19th as we know when they were given Robbie's shares to only getting the RNS now.
Must be out by now though and maybe just house keeping/governance getting ready for other announcements
Nice tweet by Upside on twitter, they track progress via satellite views. Worth taking a look at the work they've done over the last few weeks mapping drill holes and drilling progress.
https://twitter.com/Upside20201/status/1665960010289930240?s=35
Agreed, these are the hardest times for many new to investing to simply hold and do nothing
The company appears to be getting on with it from the twitter photos, we just need the big finance and other RNs to kick start us back on our goal to expansion .
Patiently sitting here waiting with fingers crossed
Nice end of the month update https://twitter.com/CaracalGoldplc/status/1664645579647877123?s=20
Fingers crossed June/July is the month for finance
Agreed and also don't want to give too much away , otherwise people will only be disappointed when their assumed figures don't match what was processed, the odd little tease is good.
Looking forward to some updates on financing and numbers come early July