Member Info for sw10000

I do agree to some extent That the whole stock system is massively fixed and against PIs, especially at the lower end it's a massive scam as I've found out over the last few years.

At the other end you have insider trading and all sorts by people in influential positions i.e. politicians that seem to get off with a slap on the wrist,most of the Tory government is a prime example.

At the lower end i.e. AIM and here it's full of trading groups on telegrams doing pump and dumps, I've been following their activities on telegram/twitter and also watching on L2 how some of the most popular AIM stocks are traded , they can only do it at the lower level due to lack of governance by the FCA and influence.

I also agree on your other statement around "not wanting anyone to own anything", funny how cars etc have gone up much more then inflation, housing market etc, all these things could be fixed, trick is not to play and these convenient buy now pay in installment plans have popped up everywhere.

Anyway, back to GCAT. The good news is with all this dodgy financial manipulation in markets and governments, Gold will go up in price as we are seeing. If Robbie and GCAT can pull their finger out and deliver this should rerate back inline with value of the others i.e. TRX, Shanta. This will take a couple of years but patience is key .

Agreed, especially when you look into ME as an entity , how we got into bed with them amazed me .

Wouldn't touch that with a barge pole, anything with DL associated is a red flag , saying that we could do with some positives here

Sadly it can only go as fast as the process i.e. due diligence, legal etc.

Finance generally has become a lot more scarce for all companies whether it be mining or silicon valley start ups and investors are doing more due diligence , fingers crossed all completed soon

First time I've ever seen that in an RNS, fingers crossed.

I think the April date was them showing the start of the process with each of their defined goals and each milestone, ideally funding would have been completed and drawn down but sadly they can only work to the speeds of the funders and their process.

I believe we are close but as we learnt with OCIM, until it's complete and the funds are drawn we can take nothing for granted . Fingers crossed for July so we can get on with the interests stuff

According to the following presentation , they will be working on an updated MRE as part of the roadmap for the year once funding is complete, is suspect they are doing this in parallel already

https://caracalgold.com/wp-content/uploads/2023/06/CP001.Caracal-Gold-Presentation-Mines-and-Money-April-2023.pdf

700k of JORC resources which is more then enough for the funder to get their money back or a stream of the golfd sales (hint hint), the mining plan will show how easy it is to achieve.

On top of that we have the high grade zones which does need to be drilled be JORC certified , then Vim Rutha and then Tanzania which are both great term exploration.

Get the funding over the line and the future is very promising

Yep, only advice I can give it to look at all the recent tweets and RNS and you can see the progress or at least set your mind at peace with what ever decision you make.

We are all frustrated without a doubt at the lack of progress, WSBN was a massive con and the a few names in there that I will steer clear off, remember GCAT are producing and have licenses

It's frustrating but the toughest time is the waiting, given you've waited this long I'm not sure and extra month or so will make a difference

Agreed but they do contain nuggets for those digging into the detail and very few see tweets, ultimately it's the RNS that will move us foward

Simply trust and people are waiting for news on funding , prospectus etc and also rainbow chasing quick wins .

Robbie needs to earn the trust back over the funding issues and CLNs from Jan etc , ultimately the photos show they are actively mining and progressing, if they turn out 1500-2000 this quarter that's still close to $4 million revenue for a company with a market cap this size.

It's high risk at the moment but good shoot up rapidly on the above news, certainly been a rocky road which I believe we are coming to the end of .

Once the above is sorted and the start expanding, exploration results this should go north quickly, until then it's a case of sit patient , stay on the sidelines or sell. Something only an individual can decide. Waiting is the hardest part without a doubt

Agreed, one in particular appears to show chunks of gold in the rock side

I know very well as I've studied it in depth as part of my role in Cyber and Privacy the challenges it has and always fact check , for certain not sensitive information it's very good at providing bulleted points.

Without going off piste too much it really comes down to the training data provided and the relevant checks put in place, we all know the saying of rubbish in, rubbish out which is why large scale LLMs are potentially safer. On that I was actually reading a great article on state sponsored LLM models being developed to influence society and spread propoganda.

Many already in use, anyway back to GCAT but a very fascinating area especially when you start reading into the models and how they work

I'm not sure there is enough in there for an RNS but it's showing a busy mining thats starting to look very professionally run plus those rock face pictures appear to have exposed gold.

Just need the finance RNS , Q2 and prospectus

Here you go Watcher, ChatGPT and other tools are very good at answering these sorts of questions and many others

An independent mining plan refers to a comprehensive strategy developed by a mining company or a mining consultant that outlines the approach to extract minerals or other geological materials from the earth. This plan is independent in the sense that it's formulated without influence or control by another entity, such as a parent company, government, or other external parties.

The elements of an independent mining plan typically include:

Exploration Plan: This involves surveying and testing to locate and estimate the size and quality of mineral deposits. It often includes geological mapping, geophysical methods, and exploratory drilling.

Mining Method: This outlines the technique used to extract the mineral deposits. Methods can vary based on the type of deposit, its location, and other geological factors. Common methods include open-pit mining, underground mining, placer mining, and mountaintop removal mining.

Environmental Impact Assessment: This evaluates the potential environmental effects of the mining operation. It includes the assessment of impacts on the local flora and fauna, water resources, air quality, and human communities.

Safety Measures: This includes plans for ensuring the safety of the workers and the surrounding communities. It covers topics like emergency response plans, hazard identification, and risk management strategies.

Financial Analysis: This includes the estimation of the costs and potential revenues of the mining operation. It often involves financial modeling and might take into account factors like commodity prices, operating costs, and capital expenditures.

Closure and Reclamation Plan: This outlines the steps that will be taken to close the mine and restore the land once mining operations have ceased.

An independent mining plan should also comply with all relevant laws, regulations, and best practices in the mining industry.

We are definitely due some news soon without a doubt and expecting some positives or updates before the end of July.

The positives are those who leant the money for the "transactions fee" for the funding would not have done so if they thought they were about to lose almost £400k, I suspect they would have done some due diligence especially given the history.

As this stage we should be the most inspected mine in the history of mining given all the due diligence carried out.

Fully agreed they need to get some positive statements out and not just tweets, saying that most of these companies at this end of the market all have skeletons in the closet

And thats the other side, they could be delaying in attempt to pay off and avoid the dilution thus releasing a better prospectus

The conversion will.only happy if they cannot pay the outstanding amounts , something I believe /hope they are trying to do with profit from gold sales.

Hence the raise being used for transactional fees, this is theory but is inline with the payments they've been making to them with gold sales thus far .

Guess we will see

Ultimately it will depend if they will manage to pay off ME from mining as they have been making payments, if they can make the final payments from mining profits then the dilution won't happen.

As per your statement, this is a theory until it actually happens and no one knows until we get an RNS stating either way, but yes the release of the prospectus would be helpful.