Katoro Gold Share Discussion Threads

[lurker5] 29/10/2021 22:42

Its precisely because they don't trust LC that the Blyvoor potential funders (either loan providers or offtakers - there certainly won't be many key equity investors) will have insisted on a separate listing with LC out of the picture. Just look back to his first Jan 2020 puff - and the spike it produced - and the reality now ! (Yet someone on here has trusted him for ten years !)

[grahamwales] 29/10/2021 15:13

He's probably been promised a nice salary and with him/KAT holding 30% he can stay on the board for as long as he want's without them having the ability to kick him off.

30% of nothing is nothing as far as I can see.

Were stuffed mate this will now become a margin trading share with punters looking for small profits.

He can sell a small amount of shares to keep a salary here for him and his cronies for years to come without actually doing anything positive to enhance the share price.

POW must regret ever getting involved with such a crooked man.

[andysmi] 29/10/2021 14:53

Yes personally I see no good outcome for us shareholders in Katoro giving away the tailings JV. The fact we own 30% means nothing at the moment at from the looks of it the market does not really love it. There was a spike two days ago but we’re back to where we started

[grahamwales] 29/10/2021 14:46

Andy

Best of luck mate, LC is making a fool out of us private investors which really pees me off.

63% in red for me but can't keep holding these much longer as can't see any revenue for now or the future.

Blyvoor should have given us some revenue to at least cover future costs at Haneti but he's gone and done a deal to give him a directorship and fk the shareholders.

Covid is to good for him. He's a bloody conman.

[andysmi] 29/10/2021 14:36

Definitely sorry to see you go Graham - you were an active voice on this forum, but I am completely understanding your points which are valid for me. However I am still holding. My investment has almost no value at the moment 70% in red anyway

[willo] 28/10/2021 20:35

No smoke without fire.

[lurker5] 28/10/2021 15:56

Oh Dear ! Yaki trusts LC. Thought he did.

[grahamwales] 28/10/2021 11:42

Had a long re think last night and the more I do think about it the more I feel LC is quite a clever con man. Unfortunately my first thought was that the Blyvoor deal was a good one then I realised that there is no income coming in from Blyvoor as he has stated no shares will be sold. So KAT has a 30% stake in gold tailings which potentially will never realise any actual income. However he no doubt will become a director and get another nice salary.

Yes they get £1.5 million to finance Haneti drilling and hopefully they will prove up some Nickel. Then what do they do some more drilling which is normally the case. How long before the £1.5 million runs out and has to come to the market for more money.

Again he has stated that he will support Blyvoor should they require further funding.

Where will that money come from.

Really disappointed that Blyvoor will not give us 1p of income only give Louis the not so clown another opportunity to increase his salary yet again.

Anyway sold half my holding this morning will sell the other should we get a spike when deal is done.

Wish everyone the best here but this is certainly not a long term hold for me now.

[bean02] 28/10/2021 11:00

Added a smidge *sigh

[sirianbotham] 27/10/2021 15:04

It depends on how the drilling contractor is being paid. Don't forget POW have to pay their share

[grahamwales] 27/10/2021 14:54

Investors rarely get in on the day of announcements only traders and long term holders. May take weeks before we see substantial rise imo.

[grahamwales] 27/10/2021 14:53

Yaki

From what I have read the £1.5 million won’t be available until the IPO as part of the fund raise which isn’t until January.

[bean02] 27/10/2021 14:13

Really expected a stronger day on this days. Hopefully a slow burner...

[yaki] 27/10/2021 13:52

Actually could be even in Nov and Dec as rain is usually the highlands and the coast.
Haneti is just north of Dodoma, the capital. And Dodoma is quite dry place to start with, and I doubt gets much rain during Nov and Dec

[grahamwales] 27/10/2021 12:05

So possibly drilling between January or February which would fit in with funding. Tidy

[yaki] 27/10/2021 11:52

main rainy season - March to May

I remember there is a lighter one in Nov and Dec, I think. We went at half term - like nowish - end of Oct and was all dry

[grahamwales] 27/10/2021 11:34

Only another month to wait lol. Not sure when rainy season is in Tanzania either.

[sirianbotham] 27/10/2021 11:22

Perhaps not but depends on payment terms. Point is that should go some way to funding it without the need to raise cash. POW are part funding it.

[yaki] 27/10/2021 10:50

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 - [e-mail]

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.

[grahamwales] 27/10/2021 10:19

SirIan

Can’t really see that happening as not getting cash until Jan 2022

[sirianbotham] 27/10/2021 10:07

POW have stated a drill in Q4

[sirianbotham] 27/10/2021 10:07

Agree yaki think this opens the door to progress haneti in the short term.