Member Info for Tildo

I agree that the presentation was very exciting. Clearly Caracal floated as they need access to the market for funding. For new investors there will naturally be a concern over level of dilution and the impact of share price going forward. I hope that further clarify can be given on the specific use of funds and expected returns set out in any investment case.

All in all I remain very positive over the future and hope that the increase in cash flow from ongoing operations and impending resource updates gives Caracal that 2.5p to 3p platform in the coming months.

Been resisting this for over a week and finally gave in this morning and doubled my holding. The SP is 20% down in a month set against a significant rise in the POG.

Any encouraging RNS on good reserve or discovery could see this test new all time highs in my view.

Magpie, we finished on 15.36p yesterday before the UT at 16.9p. So I see today as consolidation rather than down.

Must admit I got quite excited when we settled in the mid 16’s earlier but sadly it did not last.

No idea what tonight’s results will do but POG is back to below $2000 and seems very likely to go up again and test new highs in the coming week so hopeful GGP might make useful advances back towards 20p as well.

Any good news tonight which was not expected could move is back up to 24p very quickly. Here’s hoping.

Feels like GCAT needs some attention drawing to it. Feels like the forgotten share at the moment. Updated JORC would work a treat.

Hoping for good things here in the next few months. Took my first position last week but was banking on a sustained short term rise in the gold price to lift GCAT up to the next level.

I toyed with the idea of buying in at 1.02p two weeks ago and should have done it then. Still feel an average of 1.13p will be well placed.

Very promising future here.

I appreciate that events around the world are generating a lot of excitement on the markets but in GGPland it feels like FY22 could turn into a slow year to me.

Perhaps time to log off and come back in 12 months.

Very frustrating……

Been out for a long while but had hoped to buy back in at some point. Look to logic. No foreign buyer will get board approval for a while now. No Russian buyer will be able to access cash and given the Russian market response the last thing anyone is focussed on is M&A.

Common sense required and a clear head. Hopefully anyone who needs their money out in the near term has already cashed in.

My thoughts go out to the people of Ukraine.

If the arbitration clause on the contract is properly drafted there will be strict deadlines. We can expect the next RNS to confirm non agreement by the parties and clarification that the matters will now go to arbitration.

That could well be this week based on original 5%RNS. So it is possible that NCM bite the bullet and agree our valuation but not very likely based on what we think we know.

Good post Zoros. It’s also worth noting that NCM’s own share price is dependent on their efficiency as a miner combined with their gold reserves. Whilst they may be able to delay MRE publication for a couple of weeks eroding their own shareholder and investor confidence in the reporting accuracy and credibility is the fastest way for SB to get fired.

He cannot and I am sure will not jeopardise NCMs reputation by misreporting or misleading investors for a 5% share of a gold mine and a cash purchase valued at less than 1% of NCM’s market cap.

Time will tell. GLA

Been thinking long and hard about this. There is a limited amount of time NCM can withhold MRE2 as it is 100% market sensitive info. I think this may be a short term position by NCM hoping that GGP might agree a lower offer for the 5%. Once arbitrators are mentioned then NCM may well just get on and release the info. Remember, they have a 70% stake here and don’t want to underplay the opportunity forever.

I also think we might see an offer for GGP as a whole shortly. Buy it now price is on the 30p-40p range in my view and that is surely a massive bargain for NCM given their free cash flow position and banking facility of $3.2Bn and the gold price only going one way.

Interesting period of time coming up. Patience all.

Happy to hold my hand up and say well done SD on the RNS. I thought this morning it would stimulate selling but we seem have settled a depressingly familiar low level.

And now we wait…..

Well we will see how the market reacts. The RNS might be what sone LtH wanted to see but anyone trading will use the no news RNS to sell. I agree it’s irrelevant in the long term but this RNS is about trying to address the short term otherwise be wouldn’t have issued it.

Now if he had given a timescale indication that would have had a very positive impact on the SP. Unfortunately the state of negotiations don’t appear to have allowed that.

Let’s see how he goes later. Have a good day all.

He would had been better staying silent in my view. Rehashing old info looks desperate and more in line with what small cap explorers do!

Doublehun. The only instruction SD needs is to sit still and keep quiet. GGP are holding all the cards at the moment and it’s only certain PI’s that are impatient. The only thing SD is worried about us an unwanted offer to buy the company. If it comes today at 35-40p a share then our chances of a £1 share price disappear. Any less and it r went get shareholder backing. Time is all this needs.

Significant liquidity at 31 December 2021 with $3.2 billion in cash and committed undrawn bank facilities

No reported upgrade but the headline of the report states ‘Major increases driven by organic growth at RC, Hav and Lihir’. Not on the numbers on Hav though.

Logically all this tells us is that GGP and NCM hadn’t reached agreement when this report was drafted for NCM board approval a week or two ago. Nothing else.

It’s possible we won’t get and RNS tomorrow as there ain’t nothing to report. I for one will be listening at 6pm to the proactive interview.

Patience all.

All this shorting rubbish does my head in. The only way to depress the share price is to sell more than the market wants to buy.

That may be being done by somebody but if the market saw the value in GGP then the selling would be absorbed and ultimately the SP would be forced up by the market. That’s why it’s called the stock market.

Progress and patience will (we all hope) stimulate the market and increase demand for the stock. It is simply a matter of time. I’m going to do my best to avoid LSE this weekend as all the loony’s are going to be out.

GLA.

Poor old man.

GGP are the weakest they will be today. The minute a payment for 5% is made we will be funded and revenue inside 2 years will make bank lending or shareholder raise a thing of the past.

I wouldn’t disagree that now is the time for NCM to buy us out but nothing SD is doing suggests that will be on the cheap.

One factor I am trying to work out is how much of NCM 5% payment is effectively going to be paid back to NCM. If you look at it like that it’s more of a loan than a payment as costs to date, further exploration costs and other operational costs continue to be paid on proportions going forward before mining starts.

This is why I think NCM will be fair. It’s in their interests for us to be well funded as it’s them we end up paying!

Roll on next week. £200m to £300m is my guess.

Superb Starbright. Just wish everyone put as much time and though into posting useful information.