Editing Caracal Gold
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Mid-tier gold producer in the making with a very compelling organic and acquisitive growth strategy in highly prospective East Africa | Mid-tier gold producer in the making with a very compelling organic and acquisitive growth strategy in highly prospective East Africa | ||
Caracal Gold is the old Papillon Holdings which joined the LSE in 2016 as a shell. After a couple of false dawns, the Kilimapesa Gold Mine in Kenya has been reversed into it together with a highly experienced management team equipped with the necessary funds to recommence production and really get things moving. Caracal was readmitted to the LSE in August 2021 with big plans to rapidly increase gold production and build a substantial JORC compliant resource base in short order by taking advantage of later stage opportunities in gold projects across Kenya, Tanzania and Uganda. | Caracal Gold is the old Papillon Holdings which joined the LSE in 2016 as a shell. After a couple of false dawns, the Kilimapesa Gold Mine in Kenya has been reversed into it together with a highly experienced management team equipped with the necessary funds to recommence production and really get things moving. Caracal was readmitted to the LSE in August 2021 with big plans to rapidly increase gold production and build a substantial JORC compliant resource base in short order by taking advantage of later stage opportunities in gold projects across Kenya, Tanzania and Uganda. | ||
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Align Research believes that its highly conservative valuation shows the potential. Align Research initiates coverage of Caracal Gold with a target price of 2.73p and Conviction Buy stance. | Align Research believes that its highly conservative valuation shows the potential. Align Research initiates coverage of Caracal Gold with a target price of 2.73p and Conviction Buy stance. | ||