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Agreed, if the plan is good and gold remains elevated which it should do, we should get some form of recovery.

Either way, I'm glad we now have at least a glimmer of hope as this was dead, let's see what the coming months brings . To get confidence back they should release accounts, get prospectus out with funding news (get the negative of dilution out with funding to counter) solid plan with timelines .

The next issues for JB to recover some of his reputation would be to hit some goals quickly and early on relating to gold mining , mine upgrade

Agreed, everyone should expect truly shocking accounts, hopefully the truth will finally be laid bate and something can be salvaged given the POG.

Expect huge dilution, how much we will find out

The fact they've had lots of it for "accounts and prospectus" over the last two years (several million) and have never appeared, the odd thing is why have people kept loaning them money . I suggest some of that has ended up elsewhere

At least now we have a route forward, what that looks like is still a mystery

That would be my guess also or along those lines, I'm hoping with Jason and his knowledge of getting kitting they can start extracting gold quickly from Kili whilst they start the upgrade plan.

Then get Tanzania sorted and Vim Rutha longer term, the gold price certainly supports it now

That's interesting if true, I knew about Mayflower which is one of Jason's enterprises/charities.

I wasn't Marula/Shuka etc had large scale investements as surely the shares were suspended long before they could be purchased.

Either way, the company was dead in the water so anything we get back at this stage has to be seen as a positive, I would like to know what happened to those loans to complete the audit etc over the last year, I have my suspicions

That was meant to be 2024 ;0) not sure I will care in 2924

Good to see the accounts for 2924 are signed off and with the UK auditors , another step in the right direction

We've had experience here previous to him leaving to join Maru, if he can get us out of suspension I will consider that a win ;O) I know Maru has had a couple of suspensions so we will see

I've seen you over on the Maru thread and feel for you, at least Maru is still listed and you have choices. This has been an absolute wreck for years so if it gets back onto the market and mining we are winning.

JB was involved early on in GCAT and I have also been in Maru a year or so back for a while, hopefully as the mine is already there in Kili they can quickly extract value. Likewise Tanzania and Vim Rutha here, I'm sure if there is the gold that is claimed Stefen Muller and Jason will be wanting to get this making profit quickly. POG as JC mentioned is at an amazing price

I agree JC, at least now we have some hope of this returning to the market and actually getting mining.

If I remember , we did quite a few upgrades and got some diggers in prior to shutting down ( I wonder if this is still there), at least Jason knows the people to target to get this up and running quickly.

Lets see as his track record on Maru has been far from perfect, still at least he knows GCAT and the environment

Don't worry, I have 47 million you can buy....

Yep, things were definitely better when he was CFO.

He certainly knows how to get the right parties involved, hopefully he can get resources and kit from Maru investors to start mining and realising revenue, either way things cannot get really any worse then they were. Company suspended and no future .

Yep and happy to see this, I suspect with Jason involved this will either be sucked into Maru or something or he has seen the value in the assets and timing is right.

TBF when Jason was on board first time the company had direction my main concern is lots were promised but not delivered, just like in Maru with the delays. The story is good but the delivery usually isn't as perceived.

Still , it gives us a fighting shot and he usually gets things moving. Gold is at a record high, this was dead anyway

The detail is interesting though... I wonder if Maru on one of the other projects will acquire all the assets, hopefully we can get some money back here

Https://www.londonstockexchange.com/news-article/GCAT/board-strengthened-with-key-appointment-made/16966906

Sadly it's Jason Brewer.. hopefully he brings some improvements

Caracal Gold PLC, the East African focused gold company is pleased to announce the appointment of Mr. Jason Brewer as an executive director of the Company.

The new executive appointment is being made as the Company continues to progress its discussions with key stakeholders in Kenya, address local creditor payments and honour its outstanding obligations and commitments in Kenya to the local communities and government. These discussions, which include representation from the Company's major shareholders and financiers, are being advanced as part of the Company's broader plans to recapitalise its balance sheet, recommence gold mining operations at the Kilimapesa Gold Mine in Kenya and at other projects in East Africa, and further seek a planned resumption in trading of the Company's securities on the London Stock Exchange.

Mr. Brewer, who currently resides in Nairobi, is currently a director of Marula Mining plc (AQSE: MARU), Neo Energy Metals plc (LSE: NEO) and Unicorn Mineral Resources plc (LSE: UMR). He has over 28 years' experience in international mining, financial markets and investment banking with a particular focus in Africa. Mr. Brewer was previously a director of the Company's wholly owned Kenyan subsidiary, Kilimapesa Gold Limited and was involved in the listing of the Company on the London Stock Exchange in 2021.

As part of an initial restructuring of the Board, Mr. Robbie McCrae has resigned from his position immediately as Chief Executive Officer of the Company and as a director of its local subsidiary Kilimapesa Gold Limited. He will be assisting the Board over the coming months to ensure an orderly and efficient handover of roles and responsibilities and to ensure the Company's business activities and immediate priorities in Kenya and Tanzania are effectively managed.

The Board of Directors would like to thank Mr. McCrae for his hard work and efforts made over the past years. Mr. McCrae was responsible for the listing of the Company on the London Stock Exchange, assuming the role as the Company's inaugural Chief Executive Officer and overseeing the Kilimapesa Gold Mines operations and expansion in East Africa with its Tanzanian exploration activities.

Further updates on the Company's recapitalisation and broad corporate and operational restructuring plans will be announced shortly.

Agreed, it's a positive or at least something.

There is irony in this tweet though.... How can investors invest if you're not on the market

“Investors looking to diversify their portfolios and hedge against market uncertainty and inflation may finally turn their attention to gold mining equities,” said Imaru Casanova, portfolio manager for gold and precious metals at VanEck.

“We have a positive outlook on the gold price, and given the low valuatio

I haven't been on here for ages, had a huge number of shares here but have come to terms this is dead.

If you cannot even update a domain it says it all, what I'm more amazed about is people constantly lending them money. It is very very odd. They've had millions over the last two years to do accounts and the prospectus...

Funnily enough I was thinking the same things, probably could have released that a few weeks back

I suspect our great leader doesn't want to do that .... That would be thinking of the investors

Agreed, as I said a while back whenever Caracal goes quiet there is always something wrong. Robbie has shown his level of incompetence, personally I see no way back from this the current leadership in place.

I have a very big holding here but have effectively written it off , someone needs to either acquire or shut down the company rather then keep dragging this dog on .