Katoro Gold Share Discussion Threads

[grahamwales] 06/12/2021 14:58

Even if it does the area is so small it will never be mined as per previous drilling

[grahamwales] 06/12/2021 14:24

As expected guys a conman

[lurker5] 06/12/2021 13:38

From the Jan 2020 initial announcement
"In the event that the Project Funding is not secured, the conditions of the Agreement will not have been satisfied and the JV will not be formed, meaning that the Company will have no interest in the JV and/or the Tailings."
And of course the present uncertainty means project funding (funders must be hopping mad at the time they will have wasted) can not be anywhere near secured.
So we have all, really, been warned ! (Its what the Nomad will, weaselly, say !)

[lurker5] 06/12/2021 10:51

In view of the uncertainty, and the significant part of Kat's value that Blyvoor would have contributed (Haneti is a long lived unpredictable cash drain) you'd have thought the shares would be suspended. Even taking into account nomad RFCA's usual lethargy, its still a scandal.

[mostyn] 06/12/2021 10:43

If LC even thinks it might all go wrong he shouldn't be saying this in the Nov 9th RNS:

Katoro Executive Chairman, Louis Coetzee, said, "We are very pleased with the co-operation of our counterpart in this initiative and also with the enthusiasm and commitment shown by everyone towards ensuring the successful and expedited completion of the Standard List Admission and IPO that was announced on 27 October 2021."

Somewhat difficult to have a successful listing if there is no asset to list.

[grahamwales] 06/12/2021 10:14

Yaki

Fair enough which doesn’t bode well then.

LC seems to have covered himself on this front anyway.


From 2020

Katoro shareholders should note that there is no certainty that the Project Funding will be secured for the construction and commissioning of a plant to reprocess material from the Tailings. In the event that the Project Funding is not secured, the conditions of the Agreement will not have been satisfied and the JV will not be formed, meaning that the Company will have no interest in the JV and/or the Tailings. Katoro shareholders should also note that in such an instance, whilst the Loan would become repayable by the JV Partners pursuant to the terms of the Agreement, there is no guarantee that the Loan will be repaid in full or if it is repaid, will be repaid in a timely manner.

Katoro shareholders should be aware that there is no certainty that the projected returns set out above for the Project will be achieved, as there is no certainty that the Project Funding will be secured. The returns to Katoro will also be affected by the structure of the Project Funding, which the Board currently expect to be fully funded by debt. The Project Funding terms will affect how economical the Project is to the Katoro shareholders. In addition, if the Project Funding is in the form of a mixture of debt and equity, as opposed to just debt as currently proposed by the Board, it could potentially lead thereto that the Parties interest in the JV could be diluted.

Also, there can be no guarantee that in the event that the Tailings are reprocessed, that the projected production and/or recovery rates will be achieved, or that the targeted 500,00tpm of material within three years will be achieved, which could result in lower returns and which may require additional funding to be secured.

[yaki] 06/12/2021 09:46

gw
I am aware of that. BGO is the SPV for the project on Target side. BGO is different from Blyvoor Gold, the owner of Blyvoor mine.

I know similar names and can be confusing but I had it confirmed by a SA contact with access to the companies register.


grahamwales 6 Dec '21 - 09:32 - 3332 of 3332

As previously posted.


Katoro has entered into a binding conditional agreement to form a 50/50 unincorporated joint venture ('JV') with Blyvoor Gold Operations (Pty) Ltd ('Blyvoor') and its holding company, Target Mine Consulting (Pty) Ltd ('Target' and, together with Katoro and Blyvoor, 'the JV Partners').

[grahamwales] 06/12/2021 09:32

As previously posted.


Katoro has entered into a binding conditional agreement to form a 50/50 unincorporated joint venture ('JV') with Blyvoor Gold Operations (Pty) Ltd ('Blyvoor') and its holding company, Target Mine Consulting (Pty) Ltd ('Target' and, together with Katoro and Blyvoor, 'the JV Partners').

[grahamwales] 06/12/2021 09:30

Yaki

Look into it a bit more you will find they are an offshoot of Blyvoor Gold.

[yaki] 06/12/2021 09:22

gw

Target and Blyvoor are not the same. But both seemed to be run by "charismatic" individuals.

Obvious thought is why Katoro hasn't dealt directly with Blyvoor rather than through a middleman. My guess is that Target put some valuable IP/assets/intagibles on the table

Will see how this develops but ain't looking good for KAT Exec Chairman and BoD.
All should go if this gets messed up!


grahamwales 6 Dec '21 - 08:59 - 3329 of 3329

Target/Blyvoor are one of the same. Katoro LC have been used to carry out feasibility study and prove the tailings now Skeat will put target into administration so no deal and sell the tailings for a larger profit.

Imo of course lol

[grahamwales] 06/12/2021 08:59

Target/Blyvoor are one of the same. Katoro LC have been used to carry out feasibility study and prove the tailings now Skeat will put target into administration so no deal and sell the tailings for a larger profit.

Imo of course lol

[grahamwales] 06/12/2021 08:54

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.

[frankandbeans] 03/12/2021 22:07

Yaki you aren’t in this as well? So that’s KIBO and KAT… let me guess… MAST as well?

You sure can pick ‘em.

So just to clarify as there seems some confusion - who actually owns the asset here?

Erk.

[lurker5] 03/12/2021 11:00

Kept a blanket 'Came apart in me 'ands guv so not my fault' excuse with that word 'conditional' ! Probably inserted (as standard) by the nomad so they're all clear !

[grahamwales] 03/12/2021 09:44

Katoro has entered into a binding conditional agreement to form a 50/50 unincorporated joint venture ('JV') with Blyvoor Gold Operations (Pty) Ltd ('Blyvoor') and its holding company, Target Mine Consulting (Pty) Ltd ('Target' and, together with Katoro and Blyvoor, 'the JV Partners').

So are Target and Blyvoor gold one of the same? Clearly states Target are a holding company of Blyvoor Gold Operations ltd which is 100% owned by Blyvoor Gold PTY. of which Peter Skeat is on the board.

Has Louis the Clown been stitched up or did he not do any DD.

[r0hini] 03/12/2021 07:15

As if these haven't gone bust yet. Lifestyle company

[uknighted] 02/12/2021 15:25

Update on Listing and IPO of Blyvoor Joint Venture

Katoro Gold plc (AIM: KAT), the AIM listed gold and nickel exploration and development company, wish to announce that the Company has received a further request for extension from Target Mine Consulting ("TMC / Counterpart") for delivery of the required documentation to comply with one remaining condition precedent that was due on the 30(th) of November 2021, as referenced in the Company's RNS of 27 October 2021. After due consideration, the Katoro board of directors have agreed to grant TMC a further extension until 17h00 on 03 December 2021 to comply.

[sirianbotham] 02/12/2021 10:25

That statement is already out there in terms of the reason for listing.

[grahamwales] 01/12/2021 08:26

3313 article, also makes a comment about local election delay being an excuse. LC should have put statement out today as to why the deal has not been done on financing.

Wonder if new covid variant will be the excuse this time.

[uknighted] 01/12/2021 08:18

Apart from the article posted in 3279, have we a reliable source for this alleged Blyvoor problem ?

[andysmi] 30/11/2021 13:54

I thinks it’ll be posted tomorrow as markets will be closed by then