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GCAT Caracal Gold Plc

0.275
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Caracal Gold Plc GCAT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.275 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.275 0.275
more quote information »
Industry Sector
MINING

Caracal Gold GCAT Dividends History

No dividends issued between 27 Apr 2014 and 27 Apr 2024

Top Dividend Posts

Top Posts
Posted at 07/3/2024 10:36 by mortimer7
An update -
Posted at 25/10/2023 11:54 by mam fach
Sentiment changes here in the blink of an eye.
Pretty dramatic yesterday.
GCAT not for the faint hearted that's for sure.
GLA whatever you decide.
Posted at 03/8/2023 13:53 by 1chrism
Caracal Gold Telegram Q&A will be hosting a live Telegram Q&A with CEO Robbie McCrae tomorrow - August 4th from 5pm Join Telegram Here: Submit questions in the Telegram Group or post below: — StockBox®? ????? (@StockBoxMedia)
Posted at 02/8/2023 22:24 by graylyn1
#Stockbox #GCAT #Gold
Caracal Gold Telegram Q&A UPDATE

@StockBoxMedia will be hosting a live Telegram Q&A with @CaracalGoldplc CEO Robbie McCrae Friday - August 4th from 5pm
Posted at 12/5/2023 15:25 by tomboyb
aracal Gold PLC Settlement of Loan Facility and PDMR Shareholding
12/05/2023 3:24pm
UK Regulatory (RNS & others)

Caracal Gold (LSE:GCAT)
Intraday Stock Chart

Friday 12 May 2023

Click Here for more Caracal Gold Charts.
TIDMGCAT

RNS Number : 3114Z

Caracal Gold PLC

12 May 2023

12 May 2023

Caracal Gold plc / EPIC: GCAT / Market: Main / Sector: Mining

Caracal Gold plc ('Caracal' or the 'Company')

Settlement of Mill End Facility and PDMR Shareholding

Caracal Gold plc, the East African gold explorer, developer and producer with over 1,300,000oz of JORC compliant gold resources, is pleased to announce revised terms of the existing Mill End Financing Facility (the "Mill End Financing").

Settlement of Mill End Facility

On 22 June 2022 the Company entered into a debt finance arrangement with Mill End Capital Limited ("Mill End") for the principal amount of US$1,500,000. This was intended to be a short-term financing facility, but due to delays and the withdrawal of financing facilities that had been under negotiation, the terms and amount payable under the Mill End Financing had to be renegotiated. The Company is pleased to announce that agreement has been reached with Mill End on revised financing terms.

The total amount payable by the Company to Mill End is US$1,823,258.

The Company will repay the Mill End Financing as follows:

-- Payment of US$250,000 by 17 May 2023;
-- Further payments amounting to US$150,000 by 7 June 2023;
-- The Company paying US$600,000 by no later than five days after Placing Shares ("Placing Shares") are admitted to trading on the London Stock Exchange Main Market pursuant to the prospectus currently being prepared by the Company being published; and

-- The Company paying US$823,258 in cash, or failing the ability to make the payment in cash by the issue of Ordinary Shares ("Ordinary Shares") in the company at the issue price of the lower of: 0.035 pence; the issue price of the Placing Shares or (if lower) of any other Ordinary Shares issued by the Company following the date of this announcement, as is equal to US$823,258.

The Company is pleased with this outcome, Robbie McCrae commented:

"We are delighted that we have managed to settle this negotiation on amicable terms. We are grateful to Mill End for their understanding and support".

Director / PDMR Shareholding

Gerard Kisbey-Green, a non-exec Director of the Company, and the sole owner of Theseus Enterprises Limited ("Theseus"), acting through Theseus transferred on 3(rd) February 2023, 55,300,000 Ordinary Shares of 0.1 pence in the Company ("Ordinary Shares"), representing approximately 2.94 per cent. of the issued share capital, to Mill End Capital Limited.

As disclosed in the prospectus dated 19 July 2021, Gerard Kisbey-Green had nominated to have his share entitlement in the Company issued in the name of Theseus Enterprises Limited. On 22 June 2022, Gerard Kisbey-Green signed a director's undertaking along with Robert McCrae, pledging Theseus 55,300,000 Ordinary Shares as part of a financing transaction between Theseus and Mill End Capital Limited. As per the terms of the agreement, the pledge has been exercised, resulting in the transfer of an aggregate of 55,300,000 Ordinary Shares to Mill End Capital Limited.

Robert McCrae, a Director of the Company, and the sole owner of Mansa Capital Limited ("Mansa"), acting through Mansa transferred (further to the Company's announcement of 23rd January 2023) 18,929,616 Ordinary Shares of 0.1 pence each in the Company to Mr Gary McConnell and 79,570,384 Ordinary Shares of 0.1 pence each in the Company on 18 April 2023, to Mill End Capital Limited, together representing approximately 5.15 per cent. of the issued share capital.

As disclosed in the prospectus dated 19 July 2021, Mr McCrae had nominated to have his share entitlement in the Company issued in the name of Mansa Capital Limited. On 22 June 2022, Mr McCrae signed a director's undertaking along with Mr Kisbey-Green, pledging Mansa's 98,500,000 Ordinary Shares as part of a financing transaction between Caracal and Mill End Capital Limited. As per the terms of the agreement, the pledge has been exercised, resulting in the transfer of the 96,779,126 Ordinary Shares to Mill End Capital Limited.

Following the transfer, neither Mr Kisbey-Green nor Mr McCrae hold an y direct interest in the Company.

The transfer of the Ordinary Shares was made in accordance with the terms of the Directors undertaking and does not result in any change to the Company's issued share capital.

For further information visit www.caracalgold.com or contact the following:


Caracal Gold plc robbie@kilimapesa.com
Robbie McCrae
VSA Capital Limited
Financial Adviser and Joint Broker
Andrew Raca (Corporate Finance) +44 203 005 5000
-----------------------
DGWA, the German Institute for Asset info@dgwa.org
and
Equity Allocation and Valuation
European Investor and Corporate
Relations Advisor
Posted at 30/4/2023 09:58 by solo4yous
Dude my #GCAT buy caseHTTPS://twitter.com/zopelyforver/status/1650971332119523328/analytics
Posted at 25/4/2023 08:31 by bencook1
Gcat looking better breaks .55 and goes straight to .8
Posted at 24/4/2023 15:01 by solo4yous
NeganFact c-bait had arrived you can bet your bottom sterling they are desperate to close their shorts at this level once 0.60p ASK AND ITS GONNA BE 0.80PGcat
Posted at 17/1/2023 21:37 by papillon
Of course GCAT is a pure gamble, lurker5, which is why one should not bet more than one can afford to lose. However the same can be said about many Standard listed and AIM listed shares.
Rather like SYME, etc, GCAT was priced as a penny share to attract PI's who love penny and sub penny shares.
I had to laugh at a post on the lse asylum GCAT bb yesterday. The poster reckoned that over 60% of the GCAT shares were held by institutions! 🤣 That's because these institutions, such as interactive investor, are online brokers holding the shares in nominee accounts for PI's. Institutions don't touch penny share minnows such as GCAT.
Posted at 08/1/2023 14:08 by papillon
Of course GCAT call these LOANS "pre-paid gold purchase agreements" in the RNS's dated 29/11/2022 & 12/12/2022. There is no mention of the interest rate on the balance outstanding on these loans, but surely there must be interest to be paid? GCAT are obviously repaying the loans and any accrued interest with gold. Over what time scale is also not mentioned in the RNS's. However the 2nd RNS does say 6 equal installments, the 1st being paid immediately the $3m is received. The RNS states the gold will be priced at that day's spot price with a minimal discount? Does that minimal discount take the place of interest on the loan from Philoro, or is it in addition to interest? Who knows?
GCAT could be a star performer if the gold price continues to rise in 2023 as I expect. The only real downside for GCAT I can forsee is if it encounters serious operational difficulties and cannot supply the gold necessary to repay the pre-paid gold linked loans.

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