The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I reckon this is the case with the funders, put your own people in on board seats to make sure the right decisions are being made and you can accurately report back.
Surely getting rid of dead wood and overpaid salaries that don't appear to have delivered is part of the Corporate governance, this in addition to all the other things mentioned .
Guess we will find out, I just hope they are actually getting this high grade ore out the ground
Agreed
In the 18 months I've been in GCAT, our fortunes have reduced massively due to a combination of incompetence and also some mis-fortune, was it these people advising which led to these mistakes? They certainly haven't put the wind in our sails, thats for sure.
I see this as removing the dead wood.
Also, could our prospective funding partner be looking to place their own people on the board, usually this happens when they want to steer a company or maybe look at a takeover longer term.
My suspicions on the finance is they need to either pay off ME as new funder doesn't want their money used to finance someone else bad debt , this also proves they have the production capacity , expertise to make investment worthwhile.
New funds are then used on capital projects i.e. expansion, Tanzania and exploration
Surely they must be out by now as on the days and periods afterwards there were some very high volume shares, amazed me that the threshold was crossed on April 19th as we know when they were given Robbie's shares to only getting the RNS now.
Must be out by now though and maybe just house keeping/governance getting ready for other announcements
Nice tweet by Upside on twitter, they track progress via satellite views. Worth taking a look at the work they've done over the last few weeks mapping drill holes and drilling progress.
https://twitter.com/Upside20201/status/1665960010289930240?s=35
Agreed, these are the hardest times for many new to investing to simply hold and do nothing
The company appears to be getting on with it from the twitter photos, we just need the big finance and other RNs to kick start us back on our goal to expansion .
Patiently sitting here waiting with fingers crossed
Nice end of the month update https://twitter.com/CaracalGoldplc/status/1664645579647877123?s=20
Fingers crossed June/July is the month for finance
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