Katoro Gold Share Discussion Threads

[tonytony4] 03/11/2020 13:37

POG looking bullish this will ultimately help Kat with JV financing. LC needs to get the drums rolling imo..

[tonytony4] 03/11/2020 12:28

Shorters could be trying to hold this back imo.. why sell now when news is due. Frustrating but will have to just wait it out..

[grahamwales] 03/11/2020 11:57

Obviously reading that the mine is in the process of reopening. That will produce more tailings which could be processed by the JV thus extending/increasing the amount of gold to be recovered

[tonytony4] 03/11/2020 11:29

I wonder if people are on the side line waiting for news before piling in! Why not take a position before the herd arrives and not end up paying twice the current share price.

[tonytony4] 03/11/2020 11:23

Gold future looks good, institution will definitely want in on Haneti. We just need the JV financing news and this price will be history.

[grahamwales] 03/11/2020 09:36

Gold to hit $2,300 longer term. Now just needs them to sort out finance and should attract some institutional investors imo.

[tonytony4] 03/11/2020 08:06

Let's see What today brings.. intraday RNS maybe... Gla

[grahamwales] 03/11/2020 08:03

Well hopefully the JV partners will want to push it forward ASAP. Time will tell I guess. Should know latest end of month or before if they start drilling in Tanzania.

[justtrying1] 03/11/2020 07:59

Do not trust this lc guy there will be more delays due to covid 19 or something else

[tonytony4] 02/11/2020 20:22

Today was the only day the MM's were willing to take my entire holdings! Make what you will of that! Could be news very soon..

[grahamwales] 02/11/2020 15:29

Either a big buy to come or in the system as paying over the bid.

Could be a nice reverse to come. Did notice the 1 share earlier although don’t put much faith in those.

[tonytony4] 02/11/2020 13:23

POG will help. I have feeling that MMS are aware of imminent news just a feeling in my bones! So don't shoot me if no news. gla

[grahamwales] 02/11/2020 13:20

On the bright side looks like gold price moving back up.

[grahamwales] 02/11/2020 13:17

Will all depend on how long a competent person takes to analyse results of drill and convert them to resource quantities.

Even then if it’s part of the funding agreement may not be announced until funding sorted.

Whatever it is we should hear maximum end of month.

[tonytony4] 02/11/2020 13:00

I also managed a top-up all but small. They really should let the market know what is going on.. we know the resource samples have been drilled so question is will the keep the till the end or announce now.

[grahamwales] 02/11/2020 11:00

Tony

Must be due an update sooner rather than later lol

[grahamwales] 02/11/2020 09:28

Top up for me :-)

[grahamwales] 02/11/2020 09:27

Market makers dropping big time on no volume

[grahamwales] 02/11/2020 08:05

Doing some research I find that Graham Briggs is an ideal manager for using cyanide leaching as he has done previously with Harmony Gold.

[grahamwales] 01/11/2020 20:45

For example, the Blyvoor mine in South Africa is scheduled to pour gold by year-end and ramp up in 2021

[grahamwales] 01/11/2020 20:38

According to my previous posts they have already started mining therefore funds will have already been obtained to start the mine back up.

[sea7] 01/11/2020 20:35

the tailings processing is a jv and will be part of the mine detail somewhere on blyvoor side. probably they will have to pour their revenues from this into the mine itself.

kats share will be unaffected and should be a simple financing arrangement, with kats share of revenue flowing back easily.

[grahamwales] 01/11/2020 19:58

sea7

The mine is separate from the tailings. Therefore they may well want a piece of the tailings as well bearing in mind they are investing in plant,machinery and manpower in the mine.

Cost of start up could well be reduced due to the above.

[sea7] 01/11/2020 18:14

ON THE FIRST 300KOZ GOLD DELIVERED
? 10% OF PRODUCTION ON FIRST 160KOZ GOLD
PRODUCED IN A CALENDAR YEAR/5% ON REMAINING PRODUCTION DURING THE YEAR

? FOLLOWED BY 0.5% OF PRODUCTION ON THE FIRST 100KOZ GOLD PRODUCED IN A CALENDAR YEAR
? ON FIRST 10.32MOZ GOLD PRODUCED AT THE BLYVOOR MINE
? SUBJECT TO AN ONGOING PAYMENT OF US$572/OZ

............

Nomad already have an arrangement in place at blyvoor mine

[grahamwales] 01/11/2020 15:08

After all they are next door in the process of reopening the mine.


In terms of the assets, which are currently in construction, we have an asset, which is called Blyvoor Gold, in South Africa. It's now nearing completion of the mine. They have done a tremendous job, basically rebuilding a whole plant, and now they are underground, preparing for the initial phases of mining. That asset still has about 26 million ounces of resources. It's an asset that was in production for 50 years in the past. So really looking forward to having Blyvoor up and running again.