reviewing todays RNS12 Dec 2022 13:22
Just looking at the RNS again and a really nice bullish statement by Robbie.
Robbie McCrae, CEO of Caracal commented: "This second non-dilutive financing further strengthens Caracal's cash position bringing the total raised in the last two weeks to US$13.5m. Attracting these two new high-calibre partners, OCIM and Philoro, is testament to the vast potential Caracal offers as it focuses on becoming a +50,000oz per annum producer with +3moz in resources. We can now concentrate on the final push to deliver on our initial production target of 24,000oz per annum, whilst continuing to advance our regional exploration efforts in Kenya to ultimately build the life of mine and value potential. Alongside this, we are excited by the development opportunity Nyakafuru in Tanzania offers and look forward to progressing our targeted exploration programme to support a Preliminary Economic Assessment."