Katoro Gold Share Discussion Threads

[bean02] 27/10/2021 08:11

That's how I read it graham. Nt to buy

[grahamwales] 27/10/2021 08:09

Also if they are raising £15 million and going to cost just a 15% dilution does that mean KAT will have a stake of 30% of £15 million. £4.5 million plus £1.5 million in cash.

[grahamwales] 27/10/2021 08:06

Is that 30% of the whole tailings project or 30% of 50%.

[yaki] 27/10/2021 08:06

Actually, 15m KAT share + money to fund Haneti
15m is like 5p a share

[someuwin] 27/10/2021 08:02

Good news.

[yaki] 27/10/2021 07:26

Wow, great news. And valuing Kat share in BV at 12m. 5 x market cap

[tonytony4] 27/10/2021 07:19

RNS.. JV finally moving forward..

[yaki] 26/10/2021 14:49

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.

[yaki] 22/10/2021 16:34

And nickel was over 21k

[grahamwales] 22/10/2021 15:06

Gold past $1800 can it stay there

[grahamwales] 21/10/2021 08:23

7th April 2021.

We are currently busy with the planning and design of an appropriate diamond drilling programme as well as the selection and engagement of a suitable drilling contractor.



"We look forward to providing further updates shortly."

7 months later and nothing. who the fk is he kidding BUSY ha ha he doesn't know the meaning of the word.

[grahamwales] 21/10/2021 08:20

If only the clown had done some proper drilling instead of fkg about with pointless sampling the share price wouldn't be looking so sick. How the FK is he running 3 companies he is absolutely clueless.

METALS-Shanghai nickel hits record high on supply concern.

[grahamwales] 17/10/2021 08:00

I see Nomad Royalty gold increased and further increases from Blyvoor expected.

[grahamwales] 08/10/2021 14:42

oh so quiet. Well my prediction is that if we don't her by the end of November there will be another delay. However gut feeling is that finance will be sorted during November so will be topping up at beginning of Nov.

Hopefully gold price keeps moving up in the meantime.

[grahamwales] 24/9/2021 08:24

From KIBO RNS this morning.

Sounds like Blyvoor to be sorted before announcing further drilling at Haneti. Hopefully next fund raise will be after Blyvoor to get funds for drilling or better still trigger the 3p warrants.

Our commitment to supporting our 25.37% investment in Katoro Gold plc (AIM: KAT) remains strong as Katoro actively progresses its projects in Tanzania (nickel sulphides & battery metals) and gold development in South Africa. The Katoro board is currently receiving and evaluating comprehensive funding proposals from several interested parties for the construction and commissioning of the Blyvoor Gold Tailings Project. A drilling programme at the Nickel-PGM Haneti project in Tanzania has also been designed and will be implemented before the end of 2021.

[andysmi] 23/9/2021 11:09

Have no clue - but something has to happen in the background

[grahamwales] 22/9/2021 09:32

Anyone got live prices. Trying to out what trades are

[grahamwales] 17/9/2021 13:05

Yesterdays gain wiped out, may see them buying back in now lol

[grahamwales] 17/9/2021 11:10

They will probably sell the small amount they have left to see if they can drop the price now to buy back in cheaper. Crazy way to try and make money if you ask me.

[grahamwales] 17/9/2021 11:08

Tony

Agree they are playing with very small margins not worth the hassle.

[tonytony4] 17/9/2021 10:33

Frustrating but just not worth selling down here, even with a small top up recently to average down a bit just don't see my self selling out now.