Katoro Gold Share Discussion Threads

[gasman10] 01/3/2020 19:07

Sorry operations with production August/September.

[gasman10] 01/3/2020 19:05

Mine production starts in April it says here as postponed from Q4 last year.https://www.pressreader.com/south-africa/mail-guardian/20200214/281633897246241

[smackeraim] 01/3/2020 18:51

8m quid then, probably a high end estimate for equipment for the first production target, which will be covered by revenue from project by both partners in the JV.. still doable and low risk imo.

I guess what I was pointing you to was the equipment that is already there, as per mining tech coverage, maybe the estimate is high end? We will see.

And this, I think there’s more there than we think:

[andymunchkin] 01/3/2020 17:35

smackeraim27 Feb '20 - 11:02 - 12 of 24
0 2 0
Agree mate. Shame a bit of selling pressure has come while the wider markets are crashing a bit, but there will be better times .. take advantage of weakness imo.. doing that has always served me well.
--------------------
smackeraim4 Feb '20 - 12:26 - 1339 of 1439
0 1 0
Don’t worry about me mate. I have been nearly risk free for a while. You do what you do if it gives you a hard on.
------------------
heIs selling? whilstTelling others toBuy

[dozyduck] 01/3/2020 17:32

Smacker. Read the 30 Jan RNS. It clearly states (in the small print) that the full 500,000 tpm operation will cost up to $35m - with $11m for the initial 1235,000 tpm. Quite a dent to earnings per share. That's without what Kat might have to raise to pay to hang on to even part ofImweru and Haneti. It all depends how clever the jv manages the timing of spending v income.

[smackeraim] 01/3/2020 12:58

It might be worth considering that the finance needed to get this JV operational may not be huge. They have old and some newly updated infrastructure and equipment at Blyvoor. Granted there's probably some reasonable upgrading needed for retreatment etc.. But 10 years back they were only looking for circa 1 million quid to expand the tailings retreatment capacity. Would be relatively easy to raise that level of debt against the numbers on a low risk, high reward JV as this."Besides underground operations, gold is also produced from waste rock stockpiles and through retreatment of surface tailings.Almost 30% of gold is produced from the re-treatment process. A carbon-in-leach (CIL) plant at the mine site processes almost 300,000t of slimes every month. The processing capacity of slimes re-treatment will be expanded to almost 400,000t a month, which involves an investment of between R10m and R15m."Check out: https://www.mining-technology.com/projects/blyvoor-mine/

[smackeraim] 28/2/2020 15:47

I'm relaxed bud. How is your day.. I bet you are loving it!

[iamgreat1] 28/2/2020 15:41

Relax to 1p soon smacker

[smackeraim] 28/2/2020 09:38

Just sit tight imo. Horrible day to look at monitor grrr

[gasman10] 28/2/2020 09:23

On Blyvoor website the design for the tailings plant is already there. https://www.blyvoorgold.com/Go to tailings:-Hydro mining (water monitor) using recycled waterLow cost slurry pumping and gravity trench to process plantProven cyanide leach with 18 hour "residence time"Deposition (disposal) on licensed siteMultiple drilling campaignsOver 60 holes and 3000m of boreholes4 Independent CPRs: Coffey (2011), Minxcon (2012), AB Global (2016), Whittaker (2019)Standard flow sheet : TSF Receiving section, Thickening and cyanide leach , Gold precipitation, Calcining of gold, Smelting of gold, Dore gold bars to Rand Refinery, Slime residue pumped to final TSF

[smackeraim] 27/2/2020 20:45

That is from 2019, bit does sound like they have plenty plans there in addition to the tailings project.

[gasman10] 27/2/2020 19:53

I think we might be getting production closer than we thought September???

[smackeraim] 27/2/2020 14:29

More buyers :-)

[gasman10] 27/2/2020 13:58

Power Metal Resources holds 10,000,000 Katoro shares which represents 5.57% of Katoro Gold's issued share capital. In addition, POW also holds 10,000,000 warrants in Katoro Gold exercisable at 1.25p (2,500,000 warrants expiring on 15 March 2022 and 7,500,000 warrants expiring on 15 May 2022).POW also has a 25% interest in Katoro's Haneti polymetallic project in Tanzania, with a right to increase its interest to 35% by a payment to Katoro of GBP25,000 in cash by 15 May 2020.

[yaki] 27/2/2020 11:33

from the rns

"...Application will be made for the Conversion Shares to be admitted to trading on AIM, and dealings are expected to commence on or around 2 March 2020 ('Admission'). Following Admission, the share capital of the Company will comprise 191,022,129 Ordinary Shares.
"

So let's see if we get holding rns from Sands next week. Somehow I very much doubt it ...

[yaki] 27/2/2020 11:28

Given past experience

both POW and Sands will be selling down; hence the muted reaction here!

Hopefully last dilution before funding is sorted

[smackeraim] 27/2/2020 11:27

Read and read again, while sub 4m caphttps://www.miningreview.com/gold/katoro-gold-enters-into-strategic-gold-tailings-opportunity-in-sa/

[smackeraim] 27/2/2020 11:10

The warrants at 1.25p and 1.5p are very unlikely to be a drain. Some are held by AIM:POW who are unlikely to convert until they have to, due to their own cash drain. The extra cash will be useful.From other thread.

[noirua] 27/2/2020 11:07

The warrants at 1.25p and 1.5p are very unlikely to be a drain. Some are held by AIM:POW who are unlikely to convert until they have to, due to their own cash drain. The extra cash will be useful.

[smackeraim] 27/2/2020 11:04

Sub 4m market cap lol. Announce the finance or get some insight from Graham Briggs on progress and you won't see these levels for long imo

[smackeraim] 27/2/2020 11:02

Agree mate. Shame a bit of selling pressure has come while the wider markets are crashing a bit, but there will be better times .. take advantage of weakness imo.. doing that has always served me well.

[gasman10] 27/2/2020 10:59

Shares never go in straight lines, once the finance is announced the share price will be a different story.

[smackeraim] 27/2/2020 10:56

Buyers down here. Nice to see.

[gasman10] 27/2/2020 10:56

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 10:46

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.