UK 04:41 Monday, 12 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
I demonstrated very clearly that Robbie McCrae and Caracal Gold (GCAT) had deceived investors by withholding bad news and engaged in share transfers under this stealth cloak. The company should have been delisted but adviser Andrew Monk did a Tammy Wynette and stood by his man. Shame on you Monk for today it looks as if the game is up.
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….
I kid you not. While we wait for interims to December 31 2023, FY numbers to June 30 2024, the FCA to approve a prospectus Caracal Gold (GCAT) says that it has taken on two new loans.
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.”
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.
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.
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.”
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?
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.
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.
Of course that is irony. When not helping the FCA with its enquiries, this was the latest tweet from Caracal Gold (GCAT).
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.
