Katoro Gold Share Discussion Threads

[someuwin] 24/4/2020 08:17

Adding here.

[texaschaser] 23/4/2020 15:32

Haha. Yeah. One born every minute.

[saw89] 23/4/2020 14:06

Phenomenal numbers, should be trading at £30m as it stands IMO, not £3m lol

[saw89] 23/4/2020 14:05

~$820 million NPV value of project based on 35 year life of mine, AISC of $664 per Oz, Gold at $2,000 and 17,500 Oz per year production net KAT.

[saw89] 23/4/2020 09:46

Top pick of the gold juniors - previously traded at 5p prior to Covid.

[saw89] 23/4/2020 09:45

It’s Already been dug up so no extraction costs.

[saw89] 23/4/2020 09:45

50/50 joint venture with Blyvoor Gold. 1.34M oz of Gold. 35000 oz per annum of gold. 35-year life of mine. All in sustaining costs of US$664/oz. At todays gold prices that is US$18m pa to Katoro. KAT £3m/cap offers unbelievable value

[texaschaser] 22/4/2020 19:13

Lifestyle company run by lifestyle execs.

Multiple fees from different companies all adds up.

No risk for them. All risks for you.

[smackeraim] 22/4/2020 12:00

A bit better lately. Still holding, and no plans to sell until JV s operational.

[cashandcard] 18/4/2020 17:11

Well, this looks like it's going to have a fallow year. Better to be in POW. Cash

[smackeraim] 08/4/2020 16:12

Haven't sold a bean mate. Honestly. Yup it caught me off guard this one while virus falls kicked in, it is what is is.

[smackeraim] 08/4/2020 09:46

"The Board believes that the Disposal is an important step for the Company, as it provides greater certainty of the ability for Imweru to be brought into production. LVG holds the Imwelo gold project, which is adjacent to Imweru, together with the relevant environmental approvals and a mining licence for Imwelo and are thus far more advanced toward gold production than Katoro."By combining Imwelo and Imweru, the Board believes that Imweru has a greater chance of being brought into production, potentially in the near-term, thereby providing a revenue generative opportunity for Katoro through the NSR. This will require no further funding or managerial time requirements on Katoro, which is important at this stage in our business development."Freeing up our financial and managerial resources will allow the Company to concentrate on the Blyvoor Joint Venture ('JV') project, which is focused on the reprocessing of an existing c.1.34 million ounces of gold JORC compliant tailings resource , and the Haneti nickel, platinum-group-elements, gold and lithium project, which the Board believes has substantial exploration upside potential."The Disposal enables Katoro to elect to receive up to US$1.0 million in cash payments over the next two years against the achievement of defined milestones, or to receive shares in LVG for the same value. Access to cash is important, however, the optionality to receive shares in LVG means we can elect to retain an equity interest in LVG, which will hold the combined Imwelo/Imweru project, should we so choose."Added to this, the 1.5% NSR could deliver a further cash stream to Katoro as the project moves into production, over a multi-year time horizon."Looking forward, all our energies will now be focused on the Blyvoor JV and Haneti projects, and we look forward to keeping shareholders updated on these projects."

[smackeraim] 08/4/2020 09:45

lol ok jammy

[smackeraim] 08/4/2020 09:35

Understand your reservations but at this stage of the game I think it is a decent deal. Removes some cash burn and management time, more chance of creating some future cash from production than KAT could ever achieve, and possibly some immediate funds for company for next year or two.

[uknighted] 08/4/2020 09:21

Every one is entitled to their opinion, but I’m not convinced.

[smackeraim] 08/4/2020 09:05

hi di hi campers. Great deal for KAT

[smackeraim] 03/4/2020 13:59

Still holding bud. Will see better days in better markets. In the meantime, I'm focused elsewhere ;-)

[iamgreat1] 03/4/2020 10:56

No more ramping from you on this second lc dog Pmsl

[highly geared] 01/4/2020 13:44

C£500k warrant conversions to wash though at 1.25-2p so don’t expect any material uplift until mine finance confirmed.