George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Looks like work is progressing well on the new larger HL, hopefully ready to go for Q4
We hope everyone had a good week. The 2nd quarter results are out - click this link if you haven’t already read them. https://londonstockexchange.com/news-article/GCAT/corporate-update-and-q2-2023/16070023
Congrats to the Kili team on a solid performance.
Robbie is chatting with shareholders later today on the Telegram group - 5pm UK time.
Another solid weekly performance at Kilimapesa. All departments had a good week culminating in 2 smelts as planned. Well done to the entire team 👍🏻.
https://twitter.com/CaracalGoldplc/status/1687387976748134400?s=20
There is though, if required there is finance to draw down from Orca $4 million if required plus the profits from the mine so I think your statement is misleading, they obviously have ME to sort which they have been doing and made two payments last qtr
Agreed though that until the deal for the new finance is RNS'd and funds drawn we cannot assume we will get it as happened with OCIM.
Today's RNS is positive, ultimately some will sell on it and some will buy. I don't know many Gold producers with our market value that have just managed to produce 1/2 of their MCAP in a qtr with a profit based on ASIC.
I think you are selectively picking statements from what he mentioned, the full context below.
GCAT a "going concern" ?
IMHO has now been addressed as they are clearly producing a decent amount of open pit ore at historically consistent grades whilst maintaining a decent output despite having serious mill outages as reported.
Still, when you contrast that against the market cap, the fact they had down time for two weeks at the end of June and the lower ASIC, $700 per Oz profit isn't to be sniffed at.
Then when you note TRX etc that are pumping out 5000oz a QTR but have a market cap of up $100 million it makes us look very very under valued.
Also, if the funding is as close as they state and prospectus its game on this QTR
Agreed, happy with that and it looks.like they would have managed 1800-2000oz if it wasn't for the breakdown in the last two weeks of June.
Decent ASIC , they've almost done half their MCAP in revenue in a QTR, that screams undervalued to me.
Will be great to see what this QTR brings
I think there are two ways you can approach the interview.
a) Appreciate the fact that the CEO as offered to have a Q&A with investors who have some concerns (ahead of any RNS) and listen to what he has to say.
b) Talk down your investment and sit here getting angrier whilst you wait for an RNS, the shorters love this sentiment as it makes their lives a lot easier.
I think we all agree the situation in Jan was awful and incredibly frustrating, since then the company is on a path to recovery as is evidenced by the photo updates. I would rather these then nothing and wait for an RNS.
If OCIM wouldn't have pulled out I'm sure we would have been a lot more jolly.
Anyway, each to their own. I'm just as frustrated but I'm going to focus on the LTH potential whilst appreciating there are risk like everything at this end of the market.
If they deliver on A) funding B) Build out to scale to 24k/oz C) Announce JV and also the new exploration results for Vim Rutha and others plus Tanzania I suspect 1.5p will be rather low.
Each to their own though and people need to decide their risk appetite and how long the invest for.
BTW, they are running a Q&A session the telegram group arranged with stockbox who will be hosting tomorrow. The fact Robbie wants to engage with share holders to answer questions is surely a good thing: https://twitter.com/StockBoxMedia/status/1686295384933507072?s=20
Think some people would be best to sell up as they have zero trust in the company.
There are issues and the company appears to be righting them, ultimately this is taking time so as PIs we either hold even if frustrated with delays or sell.
It's that's simple, I know what I'm doing and have assessed everything in depth
Here you go
Afternoon @CaracalGoldplc Twitter. Another week of hard work at Kilimapesa … smelt day Monday and Thursday successful. Our new mining equipment has been busy opening up and stripping areas in the high grade zone. Processing Plants performed well. 2nd Mill End payment made and more steps toward closing out the expansion funding completed … wishing everyone a good weekend. #GCAT #Gold #Mining #Kenya