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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

Looks like a mainly.positive RNS to me , need to review in more detail

Fully agree, thought we were moving on from giving dates and making promises...

Should focus on the job at hand and deliver rather then keep throwing out dates

It is, Robbie and the senior management have smelted loads and run of with it in suit cases, just joking.. I hope.

Silence before hopefully some good news

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

Great tweet and good to see the pad coming along nicely

Agreed, if they pull off what they have planned LTHs will be sitting pretty

Nice ramp for another share

Just waiting patiently for the bits of the puzzle to come together with financing etc. Gold price is firmly on our side now.

Is that you Clifford under one of your new aliases, if so welcome back we've missed you

No worries, easy to miss and I asked the exact question if the two smelts a week were a one off due to visitors or continuous , they replied saying smelts happen every week now on Monday/Tuesday.

We will see and hopefully be surprised when we get Q1/Q2 results. I'm only expecting good things from March onwards, Jan/Feb will be poor as we know the challenges they had due to OCIM pulling the plug. They seemed to start motoring in March

If you followed them on Twitter they said there was a pour on Monday and Thursday and this is the schedule each week

That's fair enough and fingers crossed everyone makes some good money, I agree on the prospectus but if we start questioning the JORC resources there really is little left to make it investible.

Vim Rutha is early days as is the hill and we need more independent samples but there needs to be some level of trust, admittedly some needs to be earned which hopefully will be done once the new chairman finishes his report and finance is approved, this should unlock all the other areas.

I'm still wondering if they can pay off some of these CLNs with the money from the high grade and the finance , this was I believe what they were attempting to do

I do wonder also if there is no trust and no interest in investing why waste your time commenting.

Guess time will tell what happens but they had two lots of due diligence plus the OCIM due diligence, this would have been picked up by these onsite visits.

MRE for VR and Tanzania later this year

In parallel to the DD programme, which took place on the Vim Rutha prospect, 21 RC holes and 2 trenches were completed along the same mineralised corridor.

o Initial geological observations are encouraging and 1,578 samples have been sent to SGS's laboratory in Tanzania (Mwanza) for gold analysis.

Forgot how good the initial results were for Vim Rutha, just re-reviewed

Assay results confirm the Vim Rutha prospect corridor is intensely gold-bearing, with mineralised intercepts returned from historical diamond drilling as well as the vertical and lateral extension of one or more parallel mineralised structures, over several kilometres of distance just south of Kilimapesa Hill.

24k/Oz appears to be from Kili via the expansion plan as they've always said, 50k/Oz will be from Tanzania open pit when operating . I believe the high grade zone is 1 of 6 zones they need to explore further

Vim Rutha could make this even higher if drill results are as good as initial drill results plus it's open pit and will be on door step of Kili

Fair observations and I guess time will be the mistress that judges how this pans out.