Katoro Gold Share Discussion Threads

[grahamwales] 17/11/2020 09:35

Typical unable to buy :-(

[grahamwales] 17/11/2020 09:32

We keep getting these UT trades at 2.40. Something up and feel that they are filling an order.

[grahamwales] 17/11/2020 09:30

£60k worth and it’s the end of the world oh dear.

[grahamwales] 17/11/2020 09:28

Lots of doom and gloom posters on LSE would never guess they have sold lol

[uknighted] 17/11/2020 09:21

CLN CONVERSION

Katoro Gold plc (AIM: KAT), the AIM listed gold and nickel exploration and development company, announces that, further to its announcements of 30 January 2020, 19 May 2020, 8 June 2020 and 15 September 2020, it has received further notices from certain clients of SI Capital, the Company's broker, who participated in the January 2020 Convertible Loan Note ('CLN') to convert , in aggregate, GBP 60,000 principal value of the CLN at a conversion price of 1.4 pence per share. As a result, the Company will issue the relevant CLN holders with 4,285,713 new ordinary shares of 1 pence each in the Company ('Ordinary Shares') ('Conversion Shares') and following the conversion, the CLN will have a principal outstanding balance remaining amounting to GBP17,000. The CLN accrues interest at 20% per annum on a daily basis and the total accrued interest relating to the foregoing conversions amount to GBP9,731.51 which will be settled in cash.

[grahamwales] 17/11/2020 09:11

Not many loan notes left now :-)

[grahamwales] 16/11/2020 21:25

What amazes me are the posters who keep talking about missed deadlines. There is a pandemic going on if they haven’t noticed. Many mining companies have shut down or have many workers off because they have the virus.

This is a very small company looking to become a mid tier mining company with very few staff, not sure what they expect but personally believe progress so far is as expected.

As I said earlier impatient traders would have sold today and began moaning about missed targets. Well good luck to them as new investors will take their shares and no doubt build up a nice holding prior to funding.

[grahamwales] 16/11/2020 20:22

24 hours is a lifetime for a trader

[qs99] 16/11/2020 18:51

hardly a long wait is it, 2 weeks!

[tonytony4] 16/11/2020 18:23

Let's hope the traders have left and as you say will hopefully pay more when they decided to come back. Still on track just derampers trying to create doubt to get in lower...

[grahamwales] 16/11/2020 18:06

Overall not a bad day, got rid of some traders who will not want to buy back in before end of month and price is actually up on Friday as market makers pushed it up as on an UT trade. They obviously had knowledge of an RNS but didn't know what was in it.


If we can stay around this level or just above it will mean those traders that sold will have to pay a bit more to get the same amount of shares back

Happy Days

[grahamwales] 16/11/2020 14:47

Considering how long ago this was mined and the quantity of gold recovered my guess is that they weren’t that bothered how much gold went into the tailings.

So if I was a betting man I would say there is a lot more gold in those tailings than previously shown.

But let’s not count our chickens before the golden egg :-)

[dozyduck] 16/11/2020 14:29

tt4 What 'fact' have I missed ? GB is at the same risk as anyone else of the tailings proving to have different resources than thought so far. They may be better. They may be worse. GB will work with whatever resources turn out to be there. The first two dams may well be in line with expectations. The others may not be, which will affect the scoping study NPV. I'm merely pointing out the reality - as opposed to the speculation. I hope you won't miss that.

[grahamwales] 16/11/2020 13:54

Nothing has changed apart from the fact they are concentrating on the 2 dams with proven reserves. As I said early the fact that they are going for SAMVAL reports does suggest that the tailings are more than viable.

1500 holes is a lot of sampling which should give them a good indication of how much is in there.

[tonytony4] 16/11/2020 13:48

You seem to missing the fact that we have professional gold tailings Graham Briggs! Not just LC here.

[grahamwales] 16/11/2020 13:28

Looks like some traders cleared now are we going to finish level for the day :-)

[grahamwales] 16/11/2020 11:42

I think destitute should change his name to desperate over on AIM lol. What a weird poster.

[grahamwales] 16/11/2020 11:03

And let’s not forget gold price has gone up over $300 an ounce since scoping study was calculated.

[grahamwales] 16/11/2020 10:53

Difference is he has someone in Graham Briggs who is on the ground over there no doubt has loads of contacts and far more experienced at gold mining in particular tailings recovery and will no doubt want to get this over the line. However £36 million to start the project is a lot of money and potential investors will want proof that the project is viable before committing. If it takes 1 month 2 months it doesn’t really matter as long as investors see a good return.

SAMVAL report will prove that one way or another.

[tonytony4] 16/11/2020 10:48

Agree Graham I am willing to see this to end some short term traders in and out not happy. See the bigger picture.

[uknighted] 16/11/2020 10:47

I agree gw but10 years waiting for LC to do any deal is stretching things a bit far.

[grahamwales] 16/11/2020 10:39

People talking about deadlines. They are not deadlines but targets. The main thing is to get the right deal at the right price however long that takes.

[uknighted] 16/11/2020 09:56

Market reaction as expected from another RNS with nothing tangible but lots of ‘progress̵7; being made.

[grahamwales] 16/11/2020 09:28

At least they are making progress so end of month is still the target date for completion.