The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Note the use of the word " transactional fees" for funding of kilo expansion, run this through chatGPT to get some clarification
Sure, I can break down the sentence for you.
1. "The proceeds of the Subscription" - This refers to the money raised from a 'subscription', usually in the context of a financial transaction. This often relates to shares or securities in a company being offered to existing shareholders or interested parties. They 'subscribe' to these shares, meaning they agree to buy them, and the company receives their money as 'proceeds'.
2. "shall be used to fund" - This simply means that the money that is raised from the subscription will be utilized, or spent, on a specific purpose or a series of specific purposes.
3. "the transactional costs for the Kilimapesa expansion funding currently being finalised" - This suggests that there is a plan to expand a project, property, or business venture named 'Kilimapesa' and that this expansion requires funding. The 'transactional costs' are the expenses related to arranging and finalizing this funding, which can include costs such as legal fees, due diligence fees, administrative costs, and potentially others. "Currently being finalised" means that the process is almost complete.
So the entire sentence means that the money obtained from the subscription will be used to pay for the various costs associated with securing funding for the expansion of the Kilimapesa project, which is almost done being arranged.
Agreed, just sitting and waiting for the news.
Impatient wanting to chase rainbows have run along to prem or somewhere else , once we hit RNS they will be back and you will see the standard lazy messages from rainbow chasers wanting quick returns and not wanting to research.
For anyone not in the telegram group or following #gcat on twitter, one of the members has been doing satellite updates.
Some great info and worth following https://twitter.com/Upside20201/status/1678645796290576384?s=35
Interest tweet from Robbie at 5pm tonight #sino.... Make of that what you will
https://twitter.com/mccraerobbie/status/1677346841367662594?s=52&t=Pm7hGU_8wXBqND2grh3tYQ
Looks like someone placing and then cancelling trades, seen it before. I wouldn't worry about large scale sell offs, think ME are out and we just need the TR1 to confirm.
Should be a lot of good news over the coming month (Prospectus, JV, Funding and Results)
The amount of times I've seen RRR mentioned in Tweets and Telegram groups trying to lure in Prem investors that have lost out
I'm happy to stick with our boring resource here, good luck to those that go that way
Not really, just volume or lack of and a few impatient people selling, the company has clearly set out their plans and it's just a case of waiting for news to drop.
Think most of the rainbow chasers are over on Prem trying to make their quick 10%
And just to add, these shares were always going to be issued, they've given them more instead of gold royalty payments which will work out better longer term and suspect this is why the other partner in the JV wanted, why would they share the profits on the Gold?
For anyone that hasn't reviewed the Tanzania RNS to work it out.
August 12th 2022
https://www.lse.co.uk/rns/GCAT/further-admission-of-shares-7vkvd72wnbr2acf.html
May 31st 2022 https://www.lse.co.uk/rns/GCAT/tanzania-acquisition-to-double-resources-to-13moz-rd6ejs4lpw48r5k.html
7th Dec announcement https://www.lse.co.uk/rns/GCAT/delivering-on-east-african-gold-strategy-8wtm6vwy4qnyjl9.html
Great tweet showing life at the mine in different areas, the most interesting one though is showing the exposed Gold in the rock edges.
https://twitter.com/caracalgoldplc/status/1672167391835324417?s=61&t=ZrPPJ5QV118wRZWzLiyI6g
I suspect they are very close with the prospectus due to the way they have been hinting and communicating , I may be wrong and we've been here back in Dec to some extent.
If we look at what they have achieved and what a lot of us went through from the dark days on Jan/Feb, progress appears pretty incredible, as you say we need this one part to unlock a huge amount of potential.