Katoro Gold Investors - KAT

Katoro Gold Investors - KAT

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Stock Name Stock Symbol Market Stock Type
Katoro Gold Plc KAT London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 0.19 07:49:17
Open Price Low Price High Price Close Price Previous Close
0.19 0.19 0.19 0.19 0.19
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Industry Sector
MINING

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Top Posts
Posted at 22/9/2022 13:47 by yaki
short6
what is the Morogoro and Pinewood story. I know they were uranium PMLs and some JV with Metal Tiger but not aware of 1m bit

I know PJ screwed LC by selling at 10p and crashing the price but can't remember quite how that happened


short6 21 Sep '22 - 11:12 - 3550 of 3550

Paul Johmson scammed KIBO investors out of approx £1M with his JV's at Morogoro and Pinewood when he was CEO of Metal Tiger.
Haneti is his second attempt at the same scam.
Fortunately for KAT shareholders it didn't work out for him second time round.
Haneti will never deliver.

Posted at 21/9/2022 10:12 by short6
Paul Johmson scammed KIBO investors out of approx £1M with his JV's at Morogoro and Pinewood when he was CEO of Metal Tiger.
Haneti is his second attempt at the same scam.
Fortunately for KAT shareholders it didn't work out for him second time round.
Haneti will never deliver.

Posted at 20/9/2022 08:25 by short6
Executive Chairman of Katoro, Louis Coetzee, says: "This JV represents an exciting investment opportunity for the Company with the possibility of near-term value uplift.

Another carrot for the gullible investor.

How does he get away with it?

Posted at 22/6/2022 15:28 by grahamwales
Seems PJ has taken lessons from Louis the crook and giving him another source of salary. No doubt will give off another businesses to increase his salary still further.

How these crooks get away with it is beyond me but I guess if they can convince private investors to buy shares they will keep at it.

Posted at 20/12/2021 11:54 by yaki
R0hini

They just raised money, so maybe 6-12 months. IF no other sources of income!

On investors saying no - you can always get death spiral/CLN or hugely discounted raises where forward selling pays for it!
Unfortunately


R0hini 20 Dec '21 - 09:59 - 3408 of 3408

How long before these need a raise & what happens when investors say no? These look like going bust to me

Posted at 20/12/2021 09:59 by r0hini
How long before these need a raise & what happens when investors say no? These look like going bust to me
Posted at 06/12/2021 15:14 by grahamwales
Yaki

Not once did LC mention there was a time limit on getting funding sorted. He must have known this just failed to announce a very important part of the deal.

Blyvoor Gold now having all the information required don’t need target or Katoro to sell the tailings to investors as the job has already been done for them. Cut out the middle men and take more of a cut for Skeat & co.

Both Incompetent and fraudulent imo

Posted at 06/12/2021 08:54 by grahamwales
I’m guessing Louis the clown is trying to come up with another excuse before putting out an announcement. Has no respect for investors as should have been an RNS first thing.

Also why hasn’t drilling started at Haneti or is he saving the money for his salary. Should keep him going for at least another 12 months but may strutting get another placing away after that.

Posted at 27/10/2021 09:50 by yaki
iamthebest

Re
"...If your interested in the respose I received from St Brides just let me know and i will forward the emails to you yaki."

my email address - yakoub.yakoubov@gmail.com

iamthebest 26 Oct '21 - 18:36 - 3237 of 3266

Your welcome Yaki re sharing of experiences. I find it cathartic where Kibo, Kat are concerned.
1. I can certainly share. The chap I managed to contact is Director Paul Dudley. He seemed surprised I managed to get hold of him by phone.
2. Yes am informed Louis is mostly contactable in Tanzania, though he seems rather elusive to contact anywhere directly via email or phone. I will not give up though. Tanzania not such a bad place for him to be at present, seeing as we are looking to sell our fully developed 120MT coal asset, multi billion $ in the ground NPV US$227.5M and that before the record prices for thermal coal. EDL also in Tanzania are starting to find a market for their coal and an Australian company Intra Energy in tanz are looking to sell their coal assets, so be interesting to see what sort of price they achieve and what the asset size is and level of development. I hope Louis doesnt give the market a deadline though as will take time and we need to achieve best price possible and not give the asset away on cheap. I am personally comfortable with holding the asset its fully developed and in the books at £15.9m
3.Re Investor relations, this is a real bugbear with me. I have sent numerous emails to them over this past month with regards to
a. their failure to respond to shareholder emails, failure to engage.
b. The out of date and poor promotion of our assets on the website.
c. The fact they are not getting the info out to wider market.
After a month of emails I finally received a response from St.Brides Partners today.
In relation to(a) I was not impressed with their response
In relation to (b) was happy they informed me they will be updating the Kibo website.
In relation to (c) Its good that there is a research note out there. Far more needs to be done though in my opinion.

In relation to Mast Energy the listing is a highlight for sure. Kibo did good with that. I am ok with delay of Bordersley. Pyebridge appears to be a good bit of business and is ready to go, the cashflow projections are exceptional. They still need to release the base case model though and show me as an investor and wider market what figures and prices they are based on.
Re listed assets, yes my calc is close to 0.48p a share and if you include unlisted assets then 1.25p a share, which ties in with a price target of 1.5p.
Re the market. I try not to worry about that, the market rises or falls in its own sweet time, there is an element of that we cannot control.
What Kibo can control is what they do their end both on an operational level and with regards not going through the motions just with third party broker notes, though I do welcome that, but really engaging with shareholders personally and directly and showing the passion we do. Its no good just turning up on pro active investors, bringing out a broker note, whilst hiding away for the next 3 months.
If your interested in the respose I received from St Brides just let me know and i will forward the emails to you yaki.

Posted at 26/10/2021 13:49 by yaki
iamthebest

Thanks for your note and sharing your experience with KAT and generally you thoughts

1. Can you share who you contacted, as I wasn't aware they had a UK presence

2. It is news to me that LC spends time in TZ. My understanding is that he is based in SA, with trips to UK when necessary and possible

3. On investor relations, they have been lacking by a lot over the last few years. In a way not surprising, given that not much was delivered over that period, so not much to say.

Having said that, there had been some positives, along the many missed deadlines, dilutions etc - eg Mast IPO and the developments there. Obviously the first site, Bordesley was ahead of schedule in 2018 to be built and commissioned and now pushed into 2022.

If you look at listed assets NAV, share price must be at least 0.5p-0.6p But the big issue is that market doesn't trust the company not to mess up, especially not to dilute and hence the hefty discount

Btw, a comprehensive research note published today by ACF. I haven't had a chance to read it but is coming with highly conservative price target of 1.5p!

hxxps://acfequityresearch.com/wp-content/uploads/2021/10/Kibo-Energy-KIBO.L-Initiation-ACF-Equity-Research-FINAL-26102021.pdf




iamthebest 25 Oct '21 - 21:10 - 3235 of 3235

Hello Yaki.
I see you included a link to Katoro website.
I contacted the company today by phone to express my view of the content.
When I click into projects there is a brief mention of each. Then you click into discover the project and it says read about South Africa, Tanzania.
You would not guess we are looking to finance the project. No mention even of the US$114m NPV. I asked who was responsible for the content and was told ceo Louis Coetzee, chap spoke to said he would pass message on so lets see what happens if anything.
Same with Kibo website under Mbeya coal to power project. Click into and it merely states subject to disposal procedure. I would have thought asset subject to financial realization would be more suitable. Its in the books at £15.9m
No mention that this assets is a 100% owned,fully developed 120MT coal resource US$ multi billions in the ground, with Bankable Feasability study carried out with a $227.5m NPV at lower coal prices than todays record prices. No mention either of the MCIPP Botswana.
I have tried multiple times to express my concerns via email. No response from Louis and have found I am not the only shareholder who is being ignored or who cannot reach the man. Have hold of his phone number now In Tanzania where he spends most of his time so see what happens with that.
I see you are a major shareholder may I ask what your opinion is of Kibo Investor relations.? the promotion of the assets or lack of via the websites? and lastly of Mr Lois Coetzee? I personally feel he is capable and support him at present but needs waking up and should be showing more respect to us.

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