Katoro Gold Share Discussion Threads

[smackeraim] 27/2/2020 10:46

Katoro has already held preliminary discussions with potential funding parties for the project, which the board believe will be secured at the project level and will likely be in the form of debt funding.NEW THREAD GUYS..https://uk.advfn.com/cmn/fbb/thread.php3?id=45745724

[smackeraim] 27/2/2020 10:46

Low risk tailing project. Infrastructure already in place at mine, although processing plan and funding to arrive next.Take a look at Blyvoor:https://www.blyvoorgold.com/gallery/

[silverspoon2009] 27/2/2020 10:41

Cash

It is worth noting that a large CLN transaction involving Sanderson with Kibo had to be adjusted down because the Kibo share price was so poor, resulting in even more dilution for equity, so you cannot even take the initial Loan Note RNS at face value when such deals are declared therefore.

Will LC go down the CLN route with KAT, I suspect so.

[smackeraim] 27/2/2020 10:10

Katoro has already held preliminary discussions with potential funding parties for the project, which the board believe will be secured at the project level and will likely be in the form of debt funding.

[smackeraim] 27/2/2020 10:09

Katoro has already held preliminary discussions with potential funding parties for the project, which the board believe will be secured at the project level and will likely be in the form of debt funding.

NEW THREAD GUYS..

[cashandcard] 27/2/2020 10:04

silverspoon2009,


Well articulated. That is the point, no one here is going to disagree with a low risk gold tailings project and hiring a good operations manager.

The main concern shareholders should have is the equity they hold and the track record of their management at corporate level. Shareholders do not hold equity in the Blyvoor JV they hold equity in KAT which is run by LC and is at his whims.

CLN's, especially in dribs and drabs, are not a reputable route to go down for financing and have, in the past, proven to be like vampires against the equity of small and microcap stocks.


Cash

[smackeraim] 27/2/2020 10:02

New thread guys..

[supercity] 27/2/2020 10:01

Re Sanderson - the conversion was above 3% so it will soon become clear if a holdings rns is or isn't issued.KIBO became a cash cow for those running it - I bailed on that one several years ago when it was around 7p I think and got slated for saying it was all false dawns while those running it kept on doing one raise after another.

[smackeraim] 27/2/2020 10:00

New thread guys..

[silverspoon2009] 27/2/2020 09:56

The company is run by Louis Coetzee, I have not seen him deliver any shareholder value in any of his listed companies to date, in fact I understand that anyone investing in Kibo when he was appointed has lost 97% of their cash if they sold today.

You have to question the mans ability to deliver project finance, he is linked to Sanderson via the former Beaufort Securities, Sanderson have historically loaned Kibo cash which was often converted at penal rates due to the underlying share price being so weak.

Basically shareholders have been shafted by LC and his chums who have handsome salaries.

Let us see this project financing, if it is not secured the whole tailings project comes to ziltch.

[supercity] 27/2/2020 09:53

What ever your views, if you take a step back and look at Sanderson from a business point of view - they have 12 months to exercise their right to buy at 1.5p, it makes no sense what so ever to exercise this week if the intention is to hold the shares.In 12 months they either make 80k on the 400k without the shares or exercise the right to buy shares at 1.5p if the price is above that level and they can make more than 80k.To think they would exercise now just to hold them just doesn't make business sense.

[smackeraim] 27/2/2020 09:50

I will keep this one clean so we can discuss without the advfn trolls.

[smackeraim] 27/2/2020 09:49

New thread for 2020 guys

[smackeraim] 27/2/2020 09:48

Cost of production

At 500 000 tpm, the project has projected low all in sustaining costs (AISC) of approximately US$664/oz for the first five years of full production.

Subject to funding and achieving 500 000 tpm within two years, attractive financial returns are forecast, with projected unlevered IRR estimated at 31% at a gold price of $1 300.

[smackeraim] 27/2/2020 09:47

!YOUTUBEVIDEO:yrHtXDS1t8M:
Tanzania focused gold and nickel exploration and development company Katoro Gold has entered into a binding conditional agreement to participate in a strategic gold production opportunity in South Africa, focused on the reprocessing of an existing 1.34 Moz of gold JORC compliant tailings resource.

Overview of the agreement, tailings and CLN

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

The JV partners plan to exploit potentially viable deposits of gold and any other minerals from six gold tailings dams owned by Blyvoor in South Africa, which contain a JORC code compliant resource of, in aggregate, 1.34 Moz of gold at an average grade of 0.30g/t gold.

Mining licence and environmental impact assessment

The project already has in place the requisite mining licence and environmental impact assessment (EIA) for the reprocessing of the tailings, allowing production to commence immediately upon commissioning of the processing plant.

Subject to funding, the JV partners are targeting initial production of up to 250 000 tpm of material from the tailings as part of a production ramp-up to achieve production of 500 000 tpm within two years.

At 500 000 tpm, the project is targeted to produce approximately 35 000 ozpa of gold and to have a 35-year life of mine.





About Blyvoor

Blyvooruitzicht Gold Mine, in its heyday during a seven decade period in the middle of the 20th Century (1937 - 2013), was the richest of the South African gold mines with recovered grades averaging over 14 g/t. In 1996 Blyvooruitzicht merged with its neighbouring mine, Doornfontein Mine. From inception, these two underground operations have produced a combined 1,767t of gold, with an incredible 825t of gold (26.5m ounces) SAMREC/JORC compliant resources remaining underground whilst the surface tailings dams contain further 1.3m ounces of SAMREC/JORC compliant resources.

[smackeraim] 27/2/2020 09:35

For perspective, the numbers on the JV trump Kefi's Tulu Kapi project. That needs funding sorted, 2 years to build a mine and everything that goes with it, and only 10 year mins life. = 20m+ market cap.KAT just needs the project level funding, set up processing or contract out (unsure) be up and running in fraction of time, and low ASIC $664 .. cracking numbers on 35 year life ;-)

[smackeraim] 27/2/2020 09:29

Goodbye. I understand your concern for everyone's welfare, but you are just trying to scare holders now. You know as well as I that 24m shares is nothing if this JV produces the numbers it has been stated to do. And it will, it's an easy win with no mining and an experienced guy managing it.

[cashandcard] 27/2/2020 09:22

smackeraim,


Convertible loan notes are precisely the death spiral, recover all revenues or not at JV level. The drag on the equity is still the same. BTW, the JV and the equity shareholders hold are different matters entirely.


Cash

[smackeraim] 27/2/2020 09:17

And remember all amounts drawn are a loan to a JV. A loan. This will be recouped from project revenue."All amounts drawn down constitute a loan to the JV by Katoro"

[smackeraim] 27/2/2020 09:13

It's not death spiral ffs it's only a maximum number of 24m shares, of which only 6.6m have currently been issued. lol Sanderson have been a sticky holder at Kibo. As said, let us see what RNS arrive for holdings before scaremongering for self gain or gratification

[cashandcard] 27/2/2020 09:09

Problem is, whenever you get CLN's involved, they make their money by farming the retail. Until its done and dusted, this is not out of the woods. A reputable company and boss would not turn to death spiral financing.


Cash

[smackeraim] 27/2/2020 09:07

Marked sells at 2.3 are buys. So must be a delay one again