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GCAT Caracal Gold Plc

0.275
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Caracal Gold Investors - GCAT

Caracal Gold Investors - GCAT

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
more quote information »
Industry Sector
MINING

Top Investor Posts

Top Posts
Posted at 24/10/2023 21:13 by mam fach
Poor investor. Rampers sell before price falls.
Never seen advance warning of suspension before.
Why not suspend when they issued RNS?
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 24/4/2023 14:26 by chickbait
Statement re. Mining and Ore Processing Results
Mon, 24th Apr 2023 09:20

RNS Number : 2141X
Caracal Gold PLC
24 April 2023

24th April 2023



Caracal Gold PLC

('Caracal' or the 'Company')

High Grade Zone Mining and Ore Processing Results from Kilimapesa Hill Deposit

Caracal Gold PLC, the expanding East African gold explorer, developer and producer with over 1,300,000oz of JORC compliant gold resources, intends to publish its quarterly update for the period ended 31 March 2023 on or around the end of April 2023. As the company will be presenting to investors at the Mines & Money conference in London on the 26th April, the Company is pleased to provide an interim update on the delivery of high-grade ore from the high-grade zone in the Kilimapesa Hill deposit to the Milling Plant.

Highlights

· Ongoing 360tpd of high-grade material with average daily grades from 3.15g/t to 4.92g/t being processed,

· The initial mining plan has now been extended to period of 13 months of delivery of high-grade material to the milling plant,

· Pivot Mining Consultants appointed to produce an independent mine design and scheduling for Kilimapesa including the high-grade zone,

· Exploration to define the full potential of the high-grade zone in ongoing.

The average grades for the period from 9th March to 7th April 2023 are detailed below:


Hourly belt cuts are taken on the mill feed conveyor and the daily summary sampling sheets for samples are attached. These samples are assayed in the Kilimapesa laboratory. Sampling and analytical procedures are subject to a comprehensive quality assurance and quality control program. The QAQC program involves insertion of duplicate samples, blanks and certified reference materials in the sample stream. Gold analyses are performed by standard fire assaying protocols using a 50-gram charge with atomic absorption (AAS) finish and a gravimetric finish performed for assays greater than 10 grams per tonne.

Tonnages mined continue to average at over 400tpd from the high-grade zones and an additional bulldozer and additional excavator have been mobilised to further increase tonnages. Recoveries remained in line at 75%, the plant availability improved from 75% from the previous period to 82% for the period from 29th March to 7th April. For April 2023 the plant availability for April 2023 to date is 86%.

Robbie McCrae, CEO of Caracal commented:

"The results from the first 30 days of mining and processing ore from the Kilimapesa Hill high-grade zone have gone beyond expectations and the team are continuing to improve in all the areas. The high-grade zone now supports the current production levels for 13 months, plant availability is back on track and improving after the installation of standby power and recoveries are expected to improve with the delivery and commissioning of the new crusher and additional CIL tank capacity".

* * ENDS * *
Posted at 16/4/2023 23:42 by charina
Robbie McCrae CEO of Caracal Gold is presenting at the Global Mining Finance Conference in London on Thursday 20th April, commencing at 09.30am.

Shareholders, and all those interested in the company, or the mining sector in general, are warmly welcome to attend.

The conference is being opened by Rosario Orchard of Antofagasta PLC, one of the world's largest producers of copper, with large four operating mines in Chile.

This is a morning event, with two coffee networking sessions, and a complimentary buffet luncheon with wine and refreshments.

These are wonderful events, and give you the opportunity to chat to the CEO's, fellow investors, and city professionals informally during the breaks. This allows you to exchange information, ideas and tips, empowering you to make more informed investment decisions.


If anyone would like a free delegate pass, please click here

or email charina@global-mining-finance.com and I will be delighted to supply full details and register you.

Please note, advance registration is mandatory, registrations close at 5pm on the 19th April.

The nearest stations are Moorgate, Bank, Cannon Street, or Liverpool St. are only a few minutes walk away from the venue. Moorgate tube and Elizabeth Line station is the closest.
Posted at 23/1/2023 20:17 by lurker5
Because, TruthC, as Einstein said "The difference between intelligence and stupidity is that intelligence has its limits"
Even so, Intelligence knows that the CRCL investors have shares in is separate from Kilimapesa, and can go bust by itself leaving Kilimapesa liable to be sold for the pittance it would fetch in a fire sale.
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 14/1/2023 10:14 by lurker5
This is why you can't trust what is allowed to be put through LSE's investor chat boards.
"Donald Leggatt
I have been Head of Investor Relations at (that other chat board - ADVFN won't allow its name to be mentioned) for five years: we are a leading financial portal for retail investors. Together we are busy building a successful IR division, and LSE are now one of the leading IR interviews and events providers to the AIM market. This year we will put on a dozen high quality, entertaining and influential webinars where 4 CEO's get to put their investment case and meet the investor base.
We interview several CEO's a month around strategy and operations, often with RNS's released to coincide. These drive an audience and sometimes the share price. At
London South East we bring investors and CEO's together.
I am interviewing CEO's, hosting our online live webinars and in-person Town Hall Events and running our YouTube channel, all of which drives increased revenues
for the business."
Investors who want to know the truth will avoid it
Posted at 12/1/2023 14:46 by masergt
From CCC over the road. Tues 12:23

"Trust is becoming a real issue.

This mornings RNS has left a sour taste and many questions, i will reserve full judgement until i hear and digest what Robbie has to say.
It is very easy to bash and criticise Robbie at the moment and all sort of theories are being bandied about, but if we are all honest with ourselves, we all probably had an uneasy inkling over the past few weeks and since Robbie's last interview something was not quite right, today has confirmed our concerns.
Running a business on a tight manpower creates errors and scrutiny, it seems this has had a large impact as to why the OCIM') pre-paid gold purchase agreement will not be proceeding.
There was very little detail in the RNS as to why and what happened and importantly when, investors need clear answers and without spin, once trust becomes a issue for a company/CEO then no matter how good the potential is or how well the company looks, the company will not attract large investors or a share price reflecting the real value.
Too many past and present CEO's talk a good game, it is becoming very difficult to know and trust what is being said.
Unfortunately regulation is poor in the UK markets and small time investors are always the ones who suffer the most and are left licking their wounds with very little hope of justice or fairness.
We are all told to do your homework and due diligence when investing, but if we are not getting the full picture and correct information, it becomes an even more roulet type of gambling.
I sense Robbie has tried to present himself and the company in a very positive light and a great investment opportunity, today feels like we have all been led up the garden path, it is not too late to pull this back, but he has got a lot of explaining to do around this issue and the constant missed targets to regain my trust.
Over to you Robbie and no more B/S please."
Posted at 06/1/2023 21:04 by retirementplan
Posted on LSE on 20th Dec 2022, not by me. Trek has also posted a lot more on exactly what the funding means.

"Don’t know what all the fuss is about. We’ve had the outlook substantiated to the tune of $13.5m!

Months of DD to negotiate a spot discount, ascertain regular productivity and delivery of actual metals before handing over $10m cash to be drawn dawn by the end of this month.

I don’t think the market appreciates what a pre-paid gold purchase agreement with a contract price actually is.

It’s a contract to deliver physical gold. The Q3 production is pretty much irrelevant and the outlook has been confirmed by two third parties after months of DD!

The BoD have been focused elsewhere but the report will come and it will likely now just be a skip read to give investors a warm feeling as we already have the news what matters. Cash!"

Hopefully Lurker won't put you off if you do a bit of your own DD. Holding my 6.6 million shares very tightly and sleep very easy :-))
Posted at 15/12/2022 16:21 by negan
You know those shares that you find out about after they have multi bagged and wished that you were one of the many that were early investors. This share is giving one of those early investor vibes. I have been researching and trying to find any negatives. I can't?

If there are any trolls that can. Please tell?

DYOR.

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