Member Info for TheMoss

The original funding fell through because the Kenyan government rules didn't allow the operating licence for the mine to be transferable to a third party. It would have cost them nothing but it meant the lender had no security for the loan. That being the case Caracal will do well to get them to divi up £10m.

They were mentioned on the money page of the Daily Mail website about shares to take advantage of the strong gold price. Don't know if that has generated some interest.

You can get gold out of the ground with a metal detector and a pick. It doesn't make it profitable.

There was an article on the money section of the Daily Mail website that discussed mid and small cap gold shares. I don't know how gold the tips are.

He does it because he runs an online magazine for which he charges and Caracal is another story.

LSE are blocking the name

Just search on ************* but you can only see the headlines as its a subscription site. He just says what many on here say just he carries more clout.

Well there's no finance deal or it would have been mentioned. Anyone know how much gold was produced in Q3 and Q4?

If he's bailed it will make no difference either way

You would expect the company to make an announcement.

I'm pleased for the people who were sitting on large losses but if a new finance deal has been agreed there is some serious insider trading going on.

I saw the post on here regarding Caracal and took a look at it. I posted on the Caracal board that the failure to secure finance was a real problem and was met with accusations of being a paid deramper. Caledonia is a far better share. Not only is it self financing it pays a dividend and it has a plan to genuine growth.

I looked at this share after someone came on the Caledonia Mining share page and said how this share was far better. When I looked at it and said the lack of a finance deal was a major concern I was accused of being a paid deramper mainly by people who are in way over their heads. The only person ramping or deramping is the guy posting about Caracal on the Caledonia page and people in over their heads who are completely intolerant of any alternative views.

At best this is a speculative share and even after the funding being withdrawn people are still piling into it big time. All I can say is they have a different risk profile to myself.

The only thing that will send these shares to the level you suggest is believable and positive statements at the AGM.

When I think about it I have shares in Ecora which is a royalty company although I don't think it does gold. I think gold royalty companies are more common on the Canadian and Wall Street exchange.
If it can do a deal with such a company it would be ideal as the vetting process would give an assurance of the viability of the operation.

I'm just going to sit back and see what happens. Appreciate all of the views negative and positive but in the end you make your own decisions The AGM should be interesting.

So there are up to 7 parties lining up to lend him £10m. No problems then.

What I am familiar with is loans and I can understand why the original lender pulled out and why it would be difficult to find a replacement I hope I'm proved wrong.

If it's worth £10m now and £10m is spent on equipment to up the level of production it's clearly worth more than £10m.
It's like buying a house for 150k adding a conservatory, a new bathroom and a new kitchen. The expectation is it's worth more.
But if it turns out to be a council house the house doesn't belong to you and the money you've spent is wasted and you've got no way of recovering it.