Katoro Gold Share Discussion Threads

[johncasey] 07/3/2021 09:50

how much nickel do KAT have? Musk wants alot Louis Coetzee, Chairman of Katoro Gold plc commented: "The Haneti project, in the Board's view, represents a very interesting exploration opportunity and we are very excited to embark on the first exploration drill programme for Haneti, during a time where we see renewed interest and excitement in nickel.

[lurker5] 06/3/2021 14:46

My 'agenda' Mr Botham is to spot incompetent/dishonest/share promoters. And,along the way, gullible dreamers.

[sirianbotham] 06/3/2021 13:35

Depend or rely ... hardly honest in my opinion. Agenda driven at best.

[qs99] 06/3/2021 13:12

So far this Board of directors have delivered what? Chuff all so far. Let's hope they get this to delivery DYOR

[lurker5] 06/3/2021 13:11

We all depend on the anonymity of these boards Mr Botham. Its why we can be honest and post honest, researched , opinions. Look up Mzuri's 10 year history with Mr C - and all the rest.

[sirianbotham] 06/3/2021 12:36

Not interested ... your obsessed and use the anominity of these boards

[lurker5] 06/3/2021 10:47

Look on LVG's web site (they're a private co so don't need to inform shareholders) But it looks in abeyance (dead, deceased). If they're bust, they won't be paying anything. Good luck 'seeing' LC ! But will he 'say' anything ?

[sirianbotham] 06/3/2021 10:12

I'm seeing LC next week Lurker do you want me to get a signed poster for your wall!

[sirianbotham] 06/3/2021 10:10

Ok so if I read it correctly all those payments are due to KAT irrespective of production by LVG within 24 months. The smelter royalty of 1.5% is only payable once in production which is set back by metalnrg pulling out of the acquisition of LVG so clearly they have a challenge now to bring the fields into production. It's not clear in the KAT RNS what happens if LVG default on thisecoaymenrss.

[lurker5] 06/3/2021 09:05

GW - you seem to have missed that LVG is in trouble. See MetalNRG PLC - natural resource investing and exploration company - Resolves not to proceed with planned Lake Victoria Gold Ltd acquisition, announced October 20(2020) . On December 24, the company announced a variation agreement with Lake Victoria Gold and has since been working to reassess the transaction and complete further due diligence. Says the original attractiveness of the deal's value is now "significantly diminished" and the firm is "not satisfied that certain aspects of tenement ownership can be resolved with the certainty needed to proceed in the near term." Chief Executive Rolf Gerritsen: "We have worked tirelessly on the [Lake Victoria Gold] transaction, however, we have concluded that it is not possible to bring LVG into production, as our plans called for, within 12 months, or at close to the budget originally presented and accordingly we have decided not to proceed. This is disappointing news but the board set prudent criteria for acquisitions to create near term shareholder value and we feel that we can no longer support the LVG proposition." Par for the course as with any LC spin-off

[grahamwales] 05/3/2021 12:28

That's better back to normal colour now.

[grahamwales] 05/3/2021 10:32

He is also trying to give the impression that he holds shares pmsl. What a nob.

[grahamwales] 05/3/2021 10:29

Will someone please slap that VIKS on the lse board 2 posts on KAT and both suggesting a placing. Can you please explain to him that despite his efforts the price is going back up and if he in he better hurry up.

[uknighted] 05/3/2021 10:24

He wants people to think his salary is justified !

[onedayrodders] 05/3/2021 10:00

Louis in wonderland ... February 2020 : Pleasingly, the Project is proceeding more rapidly than anticipated and the drawn down of the Sanderson CLN will enable us to fund the ongoing work programme. ---------------------------------------------------------------------- April 2020 : The JV Partners have agreed to an extension of this deadline to 29 May 2020. ---------------------------------------------------------------------- May 2020 : an additional period will ensure Katoro can ultimately secure the best possible financing option. With this in mind, the JV Partners have agreed to a further extension until 30 June 2020. ---------------------------------------------------------------------- July 2020 : the JV-management will, during the site visit on 1 and 2 July 2020, address these issues and identify measures that will ensure the expeditious completion of the funding process. ---------------------------------------------------------------------- Sept : 2020 Considering the significant overall progress made to date in the development of the Project, the JV Partners decided to set 30 November 2020 as the next target date for the completion of Project Financing. ---------------------------------------------------------------------- Sept 2020 : "We are very pleased with the significant increase in momentum across all project activities and work streams, in spite of the very real COVID-19 restrictions and impact in South Africa. We are particularly pleased with progress on the various funding initiatives over the past month. ---------------------------------------------------------------------- You can lead a horse to water ...

[grahamwales] 05/3/2021 09:13

a) US$100,000 upon the satisfaction of the conditions precedent; b) US$100,000 upon registration of the Sale Shares in the name of LVG; c) US$100,000 on the date 4 months from the date of the Agreement; d) US$200,000 on the date 9 months from the date of the Agreement; and e) US$500,000 upon the earlier of the commissioning of the first producing mine of LVG in the United Republic of Tanzania or the date 24 months from the date of the Agreement. 9 Months coming up from the sale of Imweru, so they should be getting that $200k shortly.

[grahamwales] 05/3/2021 09:00

We must get a bounce at some stage lol

[grahamwales] 05/3/2021 09:00

Tony Unfortunately that's the problem when the price drops, there is always someone looking to spook the holders even more in an effort to trade.

[tonytony4] 05/3/2021 08:54

No surprise the traders creating the doubts making other sell in fear! Vermin I agree.

[grahamwales] 05/3/2021 08:51

And now we have the vermin on lse board suggesting placing's lol. Where do these idiots spring from.

[grahamwales] 05/3/2021 08:29

Ed Anyway we both want a conclusion to this that is in no doubt, however every time they seem to be making progress LC throws another requirement into the pot. Will this be the last or will he come up with another requirement. If he does then to be honest Nickel or no Nickel I will be moving on.

[grahamwales] 05/3/2021 08:26

Ed Are you not reading my posts lol. They would have had to have received the met test results to have included them in the SAMRAC CPR which they state were received on the 18th December 2020. That's their words not mine. The finalisation of a SAMREC Mineral Reserve and SAMVAL valuation of the Project can only be finalized upon receipt of all the outstanding metallurgical test results The final draft versions of the SAMRAC CPR and SAMVAL valuation report referred to above, was received on 18 December 2020

[edgein] 05/3/2021 08:26

They proved the reserves through infill drilling getting consistent grades and a huge increase in measured and indicated reserves. They received the SAMRAC CPR and SAMVAL which confirmed the economics. They've now completed the met test work that confirms those CPRs and are according to the company working on financial close. This is where Blyvoor is at present. Hopefully not much more to do. Regards, Ed.

[edgein] 05/3/2021 08:19

Graham, But hang on a second they're the CPR. Those reports will be based on the drilling results and the financial models, just like a pre-feasibility or PEA. The met test work is separate as it determines recovery, you need those to confirm the findings of the cpr, not to create the CPR. So you're wrong on that too Graham. They hadn't received or released the met test results before yesterday. I've not see the met test results or recoveries anywhere before yessterday in the months that I've held these. I guess that's why you didn't realise the significance of yesterday's release that confirmed and may eventually enhance the findings of those CPRs that you mention. Regards, Ed.