Share Name Share Symbol Market Type Share ISIN Share Description
Caracal Gold Plc LSE:GCAT London Ordinary Share GB00BYZC5R04 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.70 22,370,357 08:00:08
Bid Price Offer Price High Price Low Price Open Price
0.65 0.75 0.70 0.70 0.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 4.43 -8.41 -0.54 10
Last Trade Time Trade Type Trade Size Trade Price Currency
16:50:13 O 400,000 0.6675 GBX

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Date Time Title Posts
26/6/202212:46Caracal Gold Producer364
24/10/202122:52All Wellcome To Telegram-

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Caracal Gold Daily Update: Caracal Gold Plc is listed in the Mining sector of the London Stock Exchange with ticker GCAT. The last closing price for Caracal Gold was 0.70p.
Caracal Gold Plc has a 4 week average price of 0.60p and a 12 week average price of 0.60p.
The 1 year high share price is 1.88p while the 1 year low share price is currently 0.60p.
There are currently 1,361,000,000 shares in issue and the average daily traded volume is 22,111,575 shares. The market capitalisation of Caracal Gold Plc is £9,527,000.
yasxii: This outfit seems to be burning cash - they raised £5.4m in September via IPO but needed a further £2m in February, the interims showed very high 'Admin Expenses' of £3.7m The gracious fellow predicted, during they height of the ramp in December, whilst everyone else suggested 3p/4p/5p, the share price would hit 0.875p. You see it pays to read the Prospectus carefully, so many seed capital investors, so many shares issued for re-payment of just about everything but the kitchen sink. This is probably heading lower, they will need to raise more cash, the mine is barely producing enough gold to cover a full series of Gold Rush, what would Tony Beets have to say ! yasXII 13 Dec '21 - 08:28 - 178 of 351 Without clarity over the pricing of the proposed £5m Convertible Loan Note there is every likelihood the stock price could fall back to a median range of 0.875p - between the .75p and 1p recent share issues at IPO. Whilst this is obviously not a 'popular' comment it is logical, why should folk pay a significant premium to the 100's of millions of shares recently issued and still to be issued ? For supposed experienced financiers the recent RNS was something of a own goal IMO. DYOR etc.
novicetrade68: The website lists 1.354 billion shares in issue - still a lot, but their MCAP is now only £11m and the current AISC should still be - presumably comfortably -be below the current gold price so the share price reaching a new low today is insane with production ramping up month after month after month, yet the share price is only going down all the also reaching new highs last month.
rankor: TheLung - It's a good point which is why I stated annual revenue above. Plant investment is already paid for with the recent $2m raise in Feb to accelerate the production uplift from 1000->2000 Oz/month. We have seen some of that equity raise investment go into the highly successful heap leach operation recently. Some of the FCF/margin from the monthly gold pours is going back into the exploration/operation but the plant uplift Capex is already paid for. I don't see any need for further shareholder dilution with the gold price and production at these levels. Any increases in either/both is massive upside and will reflect in a re rate of the share price. Investors just need continued proof of resource expansion and production expansion. I am prepared to give the excellent management team to Q4 to give me that proof.
novicetrade68: In Kenya, just like India, there is a buoyant gold market, with relatively high spot prices, why the share price isn't responding at all at the moment given the high price of gold and nearing new production targets, millions are being sold at a loss atm, really really strange what's going on with this share.
novicetrade68: Given the current gold price ($1930) the share price could have been 1.50p by now ..
rankor: Don't worry about the daily sells if you are an investor (mid/long term timeline). The macro picture for gold is hugely positive (inflation is here to stay for a long time). The company is a rare beast and hugely undervalued (now self funding producer/explorer with >1m Oz resource). Cassiar Gold in Canada have drilled out a 1m Oz resource on a property with an already permitted mill but are not pouring any gold yet. In the last 12 months the share price has gone from 0.40 Cents to $1.26 CAD and they are still defining the resource. The market will catch up with GCAT. Analyst GCAT target of 4.5p is conservative given that gold is going to be between $2000-$3000/Oz by the end of the year and we literally have tonnes of it in the ground.
rankor: Goldplat are a gold recovery services company which is a completely different market to GCAT. They probably need the cash from the sale of GCAT shares to plough into their operations. Their thinking is the same as most informed analysts i.e. that the price of gold is going up substantially this year and for the foreseeable future, however, Goldplat think that they can create more value by putting the cash into their operations rather than leave the cash sitting in GCAT shares. Seems like a sensible move to me. Once this large overhang of sales is out of the way, then we will see a steady positive move up in the GCAT share price. It's coming folks, we just need to be patient.
rankor: The current ~1p share price is crazy. Go and look at some of the Canadian junior gold explorers on CEO.CA with less Oz in the ground and not even producing! The Market Caps are many multiples of GCAT!!!! The raise ensures that GCAT have cash to achieve 2000 Oz/month production this year which in turn will 3x the share price. All that is required by you.....patience. Buy now and come back in 12 months and you will have a huge grin on your face.
yasxii: Oh the beauty of a Standard Listing, allows companies to get away with less scrutiny and clarity, the RNS on 7/12 would not have been allowed in the same format had GCAT had a listing on AIM, the Nomad would have ensured that IMO. No wonder the shares have fallen subsequently, so GCAT are going to secure a £5m convertible loan (who from?) at a 'fixed share price' but what is the fixed price ? Also of note, they are issuing shares to vendors to acquire new projects, again it is not clear at what price the shares will be issued. Further, investors need to know there are 100's of millions of shares yet to be issued at 1p each once a clutch of pretty easy milestones are met at their existing project. No mention is made that circa 20% of their pre acquisition existing JORC resource is currently under legal dispute. Do not forget there were 1.25 billion shares issued at .75p and 1p at IPO, including nearly 90m to city cronies and hangers on. There are 300m 'management incentive' shares to be added at some point, again no price clarification. There are 313m warrants that may or may not be exercised, again no price clarity. According to the Prospectus fully diluted equity sits at 2.1 billion shares at IPO, before long GCAT could easily have 3 or 4 billion in issue, caution is needed before, at the barest minimum, the conversion rate on the proposed £5m CLN is evident. Buyers beware !
rankor: Graylyn1 - The number of shares in issue will have a big drag effect on the share price performance. Look at I3 Energy. It was blazing a trail from 9p to 17p over a few months in the Summer and then, BAAAAM, they issued 340,000,000 shares @ 11p to take the total outstanding to 1 Billion. The share price crashed to 11p in the summer and has not moved much for months (currently 12.6p)despite I3 being a 18,000 bpd oil producer, issuing dividends, crazy high oil price and grossly undervalued assets. The institutions that came on board for the placing just keep selling for small profits every time the share price tries to breakout. The share 'churn' will continue for a loooooong time before the shares change hands from short term placing profit institutions to longer term investors. I got fed up and sold 2 weeks ago and ploughed it all into EMO and GASX (both rocketed over the last 2 weeks).
Caracal Gold share price data is direct from the London Stock Exchange
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