Member Info for sw10000

Fully agreed, not the best is it and out the blue

Today is a prime example of why the London stock exchange is so screwed , company releases amazing news and it's sold into and barely makes a dent.

Combination of bots and 5-10% crew are killing it

Here comes the rampers, he will be gone by the end of the day once he makes his percentage .

For potential investors watch and read the presentations by Alex and then you will see the value here and the journey they are on

Agreed and anyone that missed it should watch the CEO present and the BHP Xplore event who have them backing (probably one of the offers)

https://m.youtube.com/watch?si=cfKUuAScNeWd_KIX&v=-d4bcMLye4w&feature=youtu.be

CEO is very credible and moved his whole family to Kazakhstan a few years back, that's how much he believes, I would suggest anyone go to their website and read the presentations and watch interviews by Alex.

Doesn't constantly tweet nonsense, communicates when he needs to and very clearly

This is a brilliant RNS, even sweeter given that Greg chap jumping on the other day saying the shares would soon be at 2p.

Turns up every few months on a number of shares and puts the same rubbish, how those predictions going ?

Personally , I would get them to complete the next audit as they have the history and the data. Whilst doing that, take your time to find a better auditor and get your house in order so it doesn't happen again .

Noticed similar issues happening with a lot of companies at the moment , Maru in a similar boat, EUA also missed the deadline

That likes up with my understanding

Good to see an update confirming the first tranche of funding received and they are communicating progress.

All going to plan, we should have the larger sum by mid-end Aug then the company can get back to the plan

Nice presentation by Alex , comfident pitch well delivered

https://youtu.be/-d4bcMLye4w?si=cfKUuAScNeWd_KIX

That's how I read it , 29.9% of any new raises etc before offered to the market or other players .

For me that's a good thing and shows they have a vested interest in long term success .

With the audit , we just need it released to get back on the market, we all know it's going to be brutal reading along with production numbers for the last year .

At this stage let's get phase 2 locked in with some good directors on board 4-5 weeks away max, minopex running the operational show and get expanding . That's all that really matters.

Also get drilling at VR

Only you can make that decision and no one else on here should be advising, equally you shouldn't be making decisions based on advice here .

Weigh up the options, providing the funding happens the future looks the best it has for a while , I also suspect there will be a dip as many will want to sell out rather then wait .

Good afternoon

@CaracalGoldplc

stakeholders!

In case you missed it, on June 19, 2024, Caracal gold signed a binding Heads of Terms (HOT) with strategic investor Cynergy Global Ltd. This investment will allow us to complete the Kilimapesa expansion.

More updates soon: https://polaris.brighterir.com/public/caracal_gold/news/rns/story/rnd67px

#GCAT #Investment #Kilimapesa #Gold

Lets assume AISC is now $1500 with loans and repayment each month and assume POG is 2300 (fairly stable as it's been hovering around here for months)



Based on 49155oz over 3 years (conservative based on the plan/upgrades)

Now lets do this at the new prices



Gross would be $113m



Free cash flow would be around $39 million assuming AISC of 1500

The recent mining plan 26th October gave some figures based on a low POG price of $1700 , this is your best starting point although I suspect AISC will be higher gven loans etc over the last few months (assume $1500 as a finger in the air)

· Independent Technical report providing 36 month mine plan for Kilimapesa Hill deposit;

· 49,155oz forecast production;

· AISC US $1,055 per oz;

· Gross Revenue + US $83.5m;

· Total Free Cash + US $31.7m;

· Gold Price US $1.700 per oz.

The Phase 1 mining plan has 2,427,279t of ore mined over the 36 month period at an average grade of 1.06g/t. 529,756t at an average grade of 1.8g/t are processed through the Milling/CIL plant with 1,897,524t at an average grade of 0.86g/t processed by the Heap Leach plant. The plan assumes a 75% recovery by the Milling/CIL plant for 23,002oz recovered and a 50% recovery through the Heap Leach plant for a total of 26,153oz recovered. Combined Milling/CIL and Heap Leach production over the 36 months is 49,155oz.

The current capital cost to complete the Kilimapesa expansion project is approximately US $10.5m based on the results from the Phase 1 work. A reduction in the capital is expected and this plan will now be costed and an updated capital cost for the expansion project calculated and announced.

This capital cost, along with the revised operating costs, will be used to update the financial model and agree the terms of the

My question

Has the signature (HOT) actually occurred? If so, we are into the 60 days for DD to get drawn down for phase 2 so the clock is ticking.

Another obervsation for other is Minopex are a serious outfit, I did some research on them a while back and glad they will be handling all of the practical matters from mining + optimisation, lab analysis and planning , to have them also doing the mining plan is practically a full outsource

For anyone in doubt: https://minopex.com/what-we-do/

Just reviewing the RNS now the kids are at school.

Synergy will get 25% of Caracal Holdings in pahse 1 in exchange for the $1 (2 * 500K payments) within 30 days of signature.

Phase is interesting - DD must be completed within 60 days of signature , they will also get another 10% of CH taking them up to 30%

Interesting that mining is stopped as mine is being targeted by Artinisal miners (need security I guess once funding is sorted)

I like the fact two directors will be appointed and Synergy appears to be in for the long term hence why securing percentage of the CH (Tanzania etc) instead of just Caracal Gold PLC



Questions I have is HOT signature appears to have happened, they now have 60 days to complete DD to get the additional funding (I'm guessing most of it will be done by now) given the amount of DD this company has been through

Good post JC and I'm glad they have a 3rd party with this level of expertise running the mining , can only help

The thing that really frustrates me about all of this is it looks like the potential funder (many sort of knew who they were but I won't say) have now walked away, given we had to foot the bill for the all the due diligence etc and additional audits that's a huge waste of money which could have been used elsewhere .

Given where we are, it's good to see an RNS with funding even if they aren't great terms .

The positives are gold is on the up and we get another shot at survival, let's now get back on the market . They need to quickly look at doing something with Vim Rutha to realise value

Good to see an RNS, I need to analyse this in more detail .

Potentially a fair bit of dilution and also giving up a stake BUT the alternatives aren't great i.e. bankruptcy .

At this stage, if this gets us back trading and gives us options thats all that really matter , we can then all take the discussion whether to hold or sell.