Letter to FCA – Caracal Gold: surely public sanctions needed?

Published 688 days ago

Yesterday I started what is likely to become a series on why Caracal Gold (GCAT) is a zero with shocking revelations HERE. There is more to come. But already there is clear evidence that Caracal has breached market rules in a most serious way not once but twice. Sanction against Caracal, its CEO Robbie McCrae and possibly its advisor and the main promoter of its shares, VSA Capital, is now clearly merited. I have written to the FCA which is the regulator, no sniggering at the back, of the Standard List where Caracal is quoted and also asked questions about  Andrew Monk’s VSA.

Notes from Underground – Most read articles for the week ending 22 Jan 2023

Published 682 days ago

The most-read non-quiz non-Tom article this week is by Nigel Somerville with  Centamin – Court Win Secures Mine Concession Agreement: BUY  at No 5 or No 11 including Bearcasts.

KERBOOM: The after hours fess up from Caracal Gold – it is far worse than even I imagined, folks should be in jail

Published 680 days ago

A lot of ouzos for the Sheriff for this one! And I am told that there is now an FCA enquiry into Standard Listed Caracal Goal (GCAT) following extensive correspondence from myself. Damn Right, there should be. At 4.45 PM yesterday there was a fess up with the company tripping over itself as it tried to cover up its crimes. This company is insolvent and its directors should be in jail. It is hard to know where to start.

BREAKING EXPOSE: The scandal at Caracal Gold, what a colourful cast of “characters” – this is a zero

Published 689 days ago

If the name Caracal Gold (GCAT) does not ring a bell, count yourself lucky not to have this dig in your portfolio because it is a zero and one where the FCA should be crawling all over everything. Until 16 months ago, Caracal went by another name.

Notes from Underground – Most read articles for the week ending 28 Jan 2023

Published 675 days ago

The most-read non-quiz non-Tom article this week is by Nigel Somerville with Ariana – 2022 Production Result: A Top Effort: Buy  at No 2 or No 6 including Bearcasts.

Andrew Monk’s next humiliating blow-up: Caracal warns of share suspension on November 1, it should be suspended NOW

Published 406 days ago

Oh dear, oh dear. Life was so much easier for Andrew Monk when he was getting a lower second in name dropping at Oriel College Oxford. Yesterday afternoon came grim news from Caracal Gold (GCAT): PKF LittleJohn will not be signing off on it annual accounts on time so the shares will be suspended on November 1. The real issue is why they are not suspended already “pending clarification.”

Caracal Gold – another letter to Andrew Monk as the formal FCA investigation ratchets up

Published 660 days ago

Andrew Monk of VSA Capital (VSA) has spent the past week sunning himself at the Indaba Mining conference in Zim South, attending cocktail reception after cocktail reception or, as he terms it, working. But now he is back and finds his prized client, Caracal Gold (GCAT), in the midst of a full scale FCA enquiry into insider dealing and market abuse. As the first scalp was announced today, I have dropped Andrew a note.

Caracal Gold – letter to the FCA: please sir chuck out the prospectus

Published 485 days ago

Last week Caracal Gold (GCAT) gave an update for investors where, natch, it did not give us key metrics such as the (lack of ) cash position. It did, however update, us on the position re getting FCA approval for a prospectus which would allow it to issue gazillions more shares so diluting mug punters to buggery. “The company submitted the first draft of the prospectus to the FCA for approval on 18 April 2023. The company is working with its advisers to seek approval of the prospectus by the FCA and will update the market in due course.”

Caracal Gold and the 11 reasons its auditor quit: surely the FCA must call time on this farce

Published 55 days ago

Caracal Gold (GCAT) yesterday announced a change of auditor. At first glance it looks like Caracal did a better job than Supply@Me Capital (SYME) handling its auditor resignation because it has already found a new auditor. However….

Andrew Monk is taking the piss – Caracal Gold and its “Corporate Governance Review”

Published 588 days ago

After the resignation of PR adviser St Brides which refused to put its name to any more disingenuous RNS releases, it must by Andrew Monk’s VSA Capital that takes the blame for crafting the quite delusional statements issued by Caracal Gold (GCAT). Monk may have been educated at Oriel College Oxford, as he reminds us on an almost daily basis, but where did he learn to talk such cock?

BREAKING - Caracal: another letter to Andrew Monk and this is not a fishing trip by me

Published 679 days ago

The adviser to disgraced and technically insolvent Caracal Gold (GCAT), Mr Andrew “the Monkey” Monk of VSA Capital has yet to reply to any of my letters about the insider dealing, undeclared share trades and pledges, undeclared death spiral and tardily declared failed fundings. But he should know that I write to assist him and that I am not on a fishing trip, just trying to assist my old friends at what the Monkey terms Very Sexy Andrew Capital. In that spirit of friendship I have written again, ccing in the fellows at the FCA who are investigating Caracal and its bent board.

Another letter to Andrew Monk of VSA Capital: Has Caracal Gold received the Philoro $3 million yet?

Published 681 days ago

I have yet to hear from my old pal “Andrew “the Monkey” Monk as to when his client Caracal Gold (GCAT) is to announce via RNS the death spiral it took out on 27 June 2022 but has only admitted to in a small footnote buried in the annual report published in November. Monkey has also yet to respond to the issue of directors pledging shares and not disclosing it. So, I have sent another letter to Monkey about another issue.

Caracal Gold letter to FCA: does it support insider dealing & not disclosing price sensitive information?

Published 670 days ago

The FCA appears to be plodding on with its enquiry into Caracal Gold (GCAT) despite the company admitting to a litany of wrong doings including share trading by its CEO Robbie McCrae while sitting on price sensitive information (insider dealing to you and me) and massive breaches of the disclosure rules. This is an open and shut case and McCrae should be in prison. There are also questions for Andrew Monk of VSA Capital. I have sent another letter to the FCA which regulates ( no sniggering at the back) both the Standard List where Caracal’s shares are traded and also Mr Monk and VSA.

Note to Andrew Monk: Rule Breaking by your client Caracal Gold

Published 683 days ago

I have today written to “the monkey” the boss of VSA Capital, advisors to Caracal Gold (GCAT) which has driven a coach and horses through the rule book of the Standard List. Does Monkey care? Does he think he has a reputation to lose by not caring? Or are those unpaid fees to VSA more important than salvaging what is left of its reputation? When will it fess? The letter to Monk is below

Caracal Gold – 6 ominous words, you are being warned

Published 450 days ago

The company that misleads investors over death spirals taken out and loans not going through and whose directors should therefore be in jail, Caracal Gold (GCAT) has called a GM to allow it to issue shed loads more confetti. The statement contains six ominous words which should fill any shareholder with dread.

EXPOSE: The colourful past of the Caracal adviser, the CEO's dad, that it hides from you all

Published 680 days ago

Gordon McCrae is a technical consultant to Caracal Gold (GCAT), the company run by his son Robbie who, as I explained earlier, should be in jail. Now as it happens, if we are discussing white collar crime...

Caracal Gold Caption Contest sponsored by Andrew Monk's wine collection

Published 650 days ago

A bottle of NZ Pinot Noir at £15? A fine choice sir to add to your collection but with clients like Caracal Gold (GCAT), still not paying outstanding fees of c£100,000 are you sure you can afford it? Oh, the FCA Enquiry into Caracal hotting up you say, the shares collapsing to just 0.225p, the Silverwood debacle a bit of a £1m pain: you need to drown your sorrows? I understand perfectly. To win nothing at all how, post your caption to respond to Andrew Monk's latest crass ostentatious display of his wealth in these times of austerity, in the comments section below.

BREAKING: Caracal Gold – its management accused of dishonesty on another deal

Published 628 days ago

Andrew Monk of VSA Capital (VSA) is off on another jolly, this time in Dubai, and tweets today “Very easy to forget the worlds problems in this place - they really are in a completely different place!” Sadly for the graduate of Oriel College Oxford ( has he told us about his education yet today?) the problems for the insider dealers and fraudsters who run Caracal Gold (GCAT) – adviser VSA – just ratcheted up another three levels.

Caracal Gold – RNS Needed

Published 439 days ago

Obviously, when your adviser spends most of his time playing golf or practicing the name dropping he learned from his time at Oriel College Oxford, you may not be reminded of your obligations to keep investors informed about your financial position. Perhaps that is why Caracal Gold (GCAT) did not bother telling investors last year that it had taken out a death spiral for almost five months. Or that loan finance it had said it had secured had not arrived.

BREAKING EXPOSE: Andrew Monk, Silverwood, VSA and Lush – that’s another fine £216 million mess you’ve got yourselves into

Published 653 days ago

Andrew Monk of VSA Capital (VSA) has yet to come clean on whether anyone at his firm has been interviewed by the FCA as part of its formal enquiry into wholesale insider dealing , market abuse and investor deception at his client Caracal Gold (GCAT) but now there needs to be an enquiry into share dealing at Siverwood Brands (SLWD) and this time VSA is directly involved. This is the £216 million Lush blow up.