The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Here's a link : https://twitter.com/mccraerobbie/status/1658025531198128128?s=61&t=O3F88hRsPG0zMk9ywRMfaA.
That's around $352K there
Good RNS setting out the facts as most invested / researched will know
Yes, we all expected q1 to be bad due to the finance issues, it's been very clear that anyone following the RNS would know Jan/Feb would be practically non existent as shown.
As of March is when it should become interesting. It will be the q2 figures that will be interesting.
Prospectus submitted which is good and confirmed work underway in the new heapleech / upgrades to plant
They are effectively saying they managed 627 ounces of gold sales in March which is a good start, I expect April/May to be at least 1000oz per month.
Finance confirmation will be the ticket
Was explained in Jan RNS, GCAT borrowed shares from Gary to fulfil mill end requirements.
They then had to pay these shares back with 10% interest.
Text from the Jan RNS
Therefore, to allow the renegotiation to proceed, the following has taken place. Mr Robert McCrae borrowed 17,208,742 shares from a shareholder of the Company. The borrowed shares were transferred to Mill End. Mr McCrae has agreed to repay the shareholder 17,208,742 shares plus an extra 1,720,874 shares, being an additional 10% at a future date to be agreed. Therefore, at the date of this announcement Mr McCrae owns 98,500,000 shares, of which 18,929,616 are to be transferred to the lender at a future mutually agreeable date
Just posted which is interesting:
There is definitely a large mineralised structure running parallel to Kili Hill. All the geological consultants who have come to site as part of the finance DD are very encouraged by this. We know it already hosts Vim Rutha and Teng Teng. The hope is with exploration it proves up to be as good as they think.
https://twitter.com/CaracalGoldplc/status/1655664344451915777?s=20
Great work here by one of the GCaT supporters, looks like great progress.
https://twitter.com/Upside20201/status/1655139909957550080?t=BJM_9LYzLi4vehPkui6YpQ&s=35
Pivot minim consultants onsite mapping new plan https://twitter.com/CaracalGoldplc/status/1655137549050957826?s=20