The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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
Things progressing nicely
https://twitter.com/CaracalGoldplc/status/1659061879510126592?t=noP2lOZJc0i3FmcWyx8Qyw&s=19
I'm noticing since the 18th several sells each day around the 3.7 million mark and volume increased a lot, suspect millend selling their shares , they received the 98 million on the 18th.
Prior to that in Feb they received 55 million from Gerrard
Here's a link : https://twitter.com/mccraerobbie/status/1658025531198128128?s=61&t=O3F88hRsPG0zMk9ywRMfaA.
That's around $352K there
Good RNS setting out the facts as most invested / researched will know
Yes, we all expected q1 to be bad due to the finance issues, it's been very clear that anyone following the RNS would know Jan/Feb would be practically non existent as shown.
As of March is when it should become interesting. It will be the q2 figures that will be interesting.
Prospectus submitted which is good and confirmed work underway in the new heapleech / upgrades to plant
They are effectively saying they managed 627 ounces of gold sales in March which is a good start, I expect April/May to be at least 1000oz per month.
Finance confirmation will be the ticket
Was explained in Jan RNS, GCAT borrowed shares from Gary to fulfil mill end requirements.
They then had to pay these shares back with 10% interest.
Text from the Jan RNS
Therefore, to allow the renegotiation to proceed, the following has taken place. Mr Robert McCrae borrowed 17,208,742 shares from a shareholder of the Company. The borrowed shares were transferred to Mill End. Mr McCrae has agreed to repay the shareholder 17,208,742 shares plus an extra 1,720,874 shares, being an additional 10% at a future date to be agreed. Therefore, at the date of this announcement Mr McCrae owns 98,500,000 shares, of which 18,929,616 are to be transferred to the lender at a future mutually agreeable date