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Caracal Gold PLC ( (GB:GCAT) ) has provided an update.
Caracal Gold Plc has announced a general update on its corporate and financial affairs, notably highlighting ongoing discussions with Cynergy Global Ltd regarding a strategic investment. The company is under significant financial strain, dealing with cash flow pressures, and is exploring all available funding options. Additionally, concerns have been raised regarding its Kenyan subsidiary, Kilimapesa Gold Pty Ltd, prompting plans for recapitalization and negotiations with Cynergy to potentially renegotiate investment terms.
More about Caracal Gold PLC
Caracal Gold Plc is an East African gold exploration and development company with over 1,300,000 ounces of JORC compliant gold resources. The company is focused on advancing its gold mining projects in East Africa, with particular attention to its operations and subsidiaries in Kenya.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.41M
See more data about GCAT stock on TipRanks’ Stock Analysis page.
