Looking very promising and reminds me of the early days of EUA back in 2019 when they talked about interest .
Time is right with copper on the top , really looking forward to seeing what the inferred JORC resources are, good news is not too long to wait if we are going on Alex's timelines
Gold at $2416...
That's crazy and we should all be rolling around like pigs in the mud but sadly not, does anyone know how long a company can be listed before being delisted?
6 months in now , anyway have a good weekend and we will see what the rest of April brings if anything, at least there is sunshine outside
Fully with you on this although I've bottom drawed this now, whilst I hope it will come back I'm also fully in acceptance the CEO has spun us all some fine tales , the most recent being the statement around the audit being simple and should be back and listed quickly in his last interview.
Also, the last RNS stating the results would be published end of the month... still no sign
With gold where it is , if they cannot be successful now there is no chance.
At this stage the only thing to cling to is the fact large sums have been loaned to them in the last 6 months and new equipment , those individuals would have done due diligence, also new people joining the company.
Being optimistic , maybe they are getting on with upgrades and will come out Phoenix from the flames style but given past statements I'm not so sure
Anyway, the wait continues. If this does come back and receives funding I would like to see more responsible people on the board and the CEO replaced
Brilliant, thanks it's up now and watching.
Direct link to presentation: https://www.youtube.com/watch?v=DGheSp2l3oc
Been invested in EST for a couple of years, sadly got in at 5.x p and left it in the bottom drawer but always believed in the potential here long term, looks like they are progressing nicely
Good progress being made and Alex appears to be one of the most hardworking professional CEOs I have seen at this end of the market.
With regards to the cross ramper, just filter
Agreed, hindsight and the trail of comments doesn't look favourable for Robbie, I have a large number of shares and will decide how/when they come back.
If they come back with a good update , governance issues sorted and funding then I will continue to hold but with extreme caution, at this stage I have zero trust in the board and hope any funder will place their own team here to give down credibility
If it's another scrappy entry with no progress I will move on, ultimately at this stage the important thing is we get relisted then we all have the choice .
And this is the only positive I take away as a shareholder at the moment, the fact someone is aware of what is going on and willing to lend them a substantial amount of cash, especially as the shares cannot be issued until the accounts and prospectus is issued .
Sadly , none of really know what's going on until we get another update .
First step is for them to get back on the market, we can then all make the relevant decision in whether to sell up or stick around .
Hundred percent agree with this, no one is lending money unless they are convinced they will received their funds back.
As all have said, it's time they need to show progress and where the money is spent , get the share back listed as a priority
Fingers crossed we have a happy ending , I invested over 2.5 years ago now and been through the ringer with this.
They have had some misfortune but I also believe that Robbie has been less then honest in certain situations, the example being the interview just before suspension when he have a rather over optimistic view of the audit being completed and funding. Being honest and in hindsight I wish I sold out prior to suspension as I could have put my money to better use.
Being candid, if another company turned up where Robbie was the CEO I wouldn't touch it.
I have a lot tied up in GCAT and hoping we get out of suspension pretty soon and start to deliver on the plans and roadmap i.e. funding , expansion, vim rutha and Tanzania .
At the moment these seem further away then ever, I'm hoping the recent RNS was to let us know they are close on the admin stuff and tidying up ready for funding. I'm not expecting any good results due to downtime, what I do want though is results delivered in a timely manner.
Anyway, fingers crossed 24 is the year for GCAT . At the very minimum lets get back on the market so we can all make our decisions.
Let's hope Robbie proves me wrong, I will gladly eat humble pie when / if he delivers on his promises.
I haven't posted on here for ages as there really wasn't anything to talk about .
It's nice to see the update and new hires which gives confidence they are gearing up for a good year . The main thing it to get the accounts , paperwork, results etc out as Robbie suggest and start running the business properly.
I want this to become a boring company where no one cares about the backend and just sees producing at a decent margin.
Fingers crossed fy24 brings us some better fortunes along with GCAT.
Let's get listed, prospectus out and get the funding
Starting to look like a professional mine now, just need to catch up on the admin and other areas but appears to be heading in the right direction.
Good morning, @caracalgold stakeholders!
Here's a midweek update on the operations at Kilimapesa Gold Mine.
-Mining: ( Pit 3B) We are completing mine waste on the first cut bench and progressing on the second reef cut to the East.
-Plant: Production ongoing as planned, prioritizing high-grade material feed to the mill.
-Lab: Ongoing assay sampling for heap leach, plant, and mine.
-Heap Leach: Pad 2 under irrigation.
Check out today's videos for a closer look.
#GCAT #Mining #Gold #Kenya #MidweekUpdaten