Share Name Share Symbol Market Type Share ISIN Share Description
Katoro Gold Plc LSE:KAT London Ordinary Share GB00BSNBL022 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.00 0.90 1.10 1.00 1.00 1.00 0.00 07:42:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -0.5 -0.4 - 2

Katoro Gold Share Discussion Threads

Showing 51 to 72 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
I know. I am against any form of market manipulation, but I also realise that the authorities don't have the resources to do anything about it.Another example for future reference.
daddy warbucks
you are expecting to much for a aim stock
"Forget Katora as its worthless to us. Forget Haneti as it needs funding and no-one will fund it until we prove that we can make a success of the MCPP. So it all rides on the MCPP, without that the whole project is dead in the water. The MCPP needs a licence to mine, the government wont give us one. They have instead chosen to allow us to dangle with no licence by saying they will look into it. LC is no being straight with us, he knows it may or may not come but cant say it as that will kill the share price The licence could come today, it may never come. I wrote to LC asking what the plan B was if the licence never came. He did not reply. You can take from that either he likes ignoring me or doesn't have a plan B. That means the whole project is dangling on a thread waiting to see if we get a licence. This is why I truly think that obtaining the licvence will spring us way past 15 pence as it unlocks the future in terms of mcpp, katora and haneti and allows people to look at the size of the project that can happen. The government are irrational and backward, hence why they have no electric in 2017 and are messing around in a 3rd world country. Its all to play for here but for those who piled in at near 10 pence its a disaster story unfolding. For those who bought millions at 5 pence in recent weeks they certainly called it wrong in the short term whilst we sat at 4pence the other day. Summary here is the nailed on licence is no longer nailed on, the whole project hangs by a thread but could soar on licence news which literally could arrive today or any day. I suspect we will see some massive buys arriving ahead of any good nerws so as always follow the money. GLA"
electrick Anti LC agenda? LC has done wonders here. Money raised, drilling completed under budget and 1 month ahead! It is illiquid and unknown shares, ...until it becomes loved and well known. In the meantime, good time to accumulate!
With the cash Kibo put in this is back to the original valuation in their books.. Shocking that this is spun as realising shareholder value... When will LC be held to task?
good RNS but the market not interested
Nice reaction to RNS.
dros1, you are correct and not sure why you don't think it makes sense. The cash is tight now so they want to reduce cash burn. When they get to the fundraise point, will be at the stage of after finalising the mining study. So hopefully the result look good, the share price in double digits and the company starts to pay its directors
from the admission document: "In this regard, in order to maximise the investment in advancing the Imweru Project, for the benefit of all stakeholders, the Directors have agreed that salary or fees, as applicable, will only commence with effect from the date falling 18 months after Admission or earlier in the event a fundraise is undertaken." if I understand correctly directors will work 18 months for free unless they do fundraise i.e placing, diluting our holding. it does not make sense to me
Thanks lurker. Much appreciated.
abrah Part reposted from earlier from somewhere "......No wonder Doh!-fort has been trying to ramp a value for Imweru higher than will be in the prospectus (which the FCA requires to be 'fair') by using blatantly exorbitant 'in-ground' values. Its March report purports to base an Imweru value on the '$35.6/oz average' of a set of pre-production 'peer' miners. But these are all much more advanced and have almost all their finance, while the exceptionally large and high grade Hot Maiden prospect distorts the average skywards. Not only that, all are much larger, have resources measured to a higher standard than Imweru which is 80% inferred, and have much better gold grades. Any mining analyst should know that price per gold ounce for an 'in-ground' resource declines sharply the smaller the resource and the lower the grade. Imweru is well below the bottom of Doh!-fort's chart, which shows a fair value would be under $20/oz - taking its own 'estimate' down to below even the $3.6m Opera/Katoro is paying. One wonders why Doh!fort is publishing such an unprofessional report unless it has been 'leaned' on to do so by someone desperate to get anyone to buy Katoro when listed."
Good article dros1, thanks for posting it. Which publication is that from?
Is anyone alive out there.......
Tanzania-focused Katoro Gold PLC (LON:KAT) made its AIM debut earlier this week, raising £1.5mln in the process – money that boss Louis Coetzee believes will place the group on the fast-track to production. Followers of the natural resources sector will know chairman Coetzee from his more familiar role as chief executive of Kibo Resources, which has spun out its Imweru and Lubando deposits in the country to create Katoro. Together the two assets, located in the Lake Victoria Gold Fields, have a combined resource of just less than 755,000 ounces of the precious metal. The gold projects were reversed into a cash shell called Opera Investments and relisted as Katoro. Kibo currently holds 57% of the new, independent gold business and is locked in hard for the next year (and for another 12 months thereafter under an orderly market arrangement). Demerger makes life simpler The demerger is part of the strategy outlined by Coetzee when Kibo was first set up around four years ago: to incubate promising opportunities before setting them up as independent companies. The deal allows Kibo to focus on the Mbeya coal-to-power project, which has the potential to be utterly transformational. Katoro, meanwhile, is an opportunity that too holds plenty of promise as the company focuses on the development of Imweru, which is sitting on an indicated and inferred 515,110 ounces at grades of up to 1.43 grams per tonne. This is near-surface mineralisation, which a preliminary economic assessment determined could be mined as an open-pit and processed using cheap and simple heap leaching. The idea would, initially, be to produce 50,000 ounces of the yellow metal a year, with output doubling over time. Low cost Analysts suggest the capital investment needed for a simple heap leach operation would likely be below US$50mln, making Imweru eminently financeable (likely using a mix of debt and equity). We won’t know the exact expenditure involved until the pre-feasibility and feasibility studies are completed in September and December respectively. The work currently underway towards those goals will also indicate the all-in sustaining costs (AISC) of the project, which according to Coetzee should be modest given the straightforward nature of the mineralisation. “It is basically free gold in laterite and saprolite,” he told Proactive Investors. So how modest is modest? Well, Coetzee isn’t giving much away. However, at under US$1,000 an ounce, Imweru’s AISC more than wipes its face at the current gold price; below US$700 and it is prodigiously cash generative. But with Coetzee keeping shtum and the feasibility study still some way from completion we will be left guessing for some time. Drilling on the project (the infill, geotechnical and metallurgical variety) has already commenced as have the environmental and social impact studies. The results will be fed into the feasibility studies, which will then be the basis of talks with potential funders of the project. Financing options Not wishing to reveal his hand so early in the game, Coetzee won’t be drawn on the mix of debt, equity and project finance. All options are still on the table, he says. With around £1.9mln in cash (the amount raised on listing plus the cash left in the Opera business), the company has the financial runway to see it through the tricky negotiations with financiers to construction, which is slated to begin towards the latter end of 2018. The potential of Imweru isn’t necessarily capped at the current resource estimate - far from it. There are “two or three” potential satellites of a similar scale to the main deposit. Meanwhile, the exploration work onsite (and the inferences drawn from AngloGold Ashanti’s Geita mine 15km down the road) suggests the mineralisation continues at depth. However, while the grade improves as mining heads underground, so it is suspected the ore becomes a little trickier to process. Nevertheless, Imweru could very easily become a 1mln-ounce gold mine, analysts point out. At that scale it then gets onto the radar screen of other producers in the Lake Victoria Gold Fields area – Ashanti is no doubt looking on with interest. So, how do you value a gold business at this formative stage of its development? Well according to the broker Beaufort Securities, Imweru is worth US$35.6 per ounce in the ground currently. That’s US$14.5mln in total (although that does include Lubando). The company’s current market capitalisation is half that figure. Valuation jump In 18 months’ time, when the grunt work has been done and the mine is ready to go into the production phase (and where the chance of success is put at 90%), that per ounce in the ground figure jumps to closer to US$100 for Imweru, analysts reckon. Now that’s the investment in theory – the reality is the journey from today to production may not be plain sailing. AIM is littered with projects that failed to land debt and equity funding; negotiations tend to be protracted. The mining right application is expected to be submitted in October or November, and while this is politically-stable Tanzania, not some tin-pot former dictatorship new to the natural resources scene, many chief executives I have spoken over the years under-estimate the impact of bureaucracy on the whole process. And the current scenario envisages the capital markets remain open for business and willing to deal with the bosses of smaller, apparently riskier, projects. As we know, these are uncertain times with Donald Trump at the helm of the world’s largest economy. Even with these caveats, Imweru remains one of the few oven-ready, fast-track gold projects on the market at the moment. And without judging the outcome of the formal feasibility studies, it looks to be as cheap and straightforward as they come. Coetzee smiles and nods as this point is put to him. “A lot of the hard work has been done,” he concedes.
bigboots quite an illiquid stock so largish trades are likely to have big impact. also all the original Opera s/hs probably not interested holding anymore given the suspensions over the last year and a bit! New investors will move in, probably at lower prices than the original placing!
Seems like a few others agreed with me and jumped aboard. This will come into play for me in about 6-9 months - imo
It's tiny volume...... and an interesting entry point for me to consider.
Think Beaufort have pumped and dumped this to investors - shamless company
Hi guys... I'm thinking of investing in KAT but as it's so new, information is hard to come by. Does anyone know the cash position of the company? They've already stated that they'll need funding going forth. I'm trying to work out the dilution effect as they'll most likely seek funding through a placing. TIA and GLA. E.
kronan thanks. really good interview very good strategy - go for the low cost saprolite resource first and then move onto hard rock which can yield 20g/t! Use the first phase to finance the second phase - genius!
Katoro Q&A video
Great news today - drilling starting - 2 months ahead of schedule! Well done to the team!
Chat Pages: 9  8  7  6  5  4  3  2  1
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