Katoro Gold Share Discussion Threads

[cf456] 08/8/2019 21:26

Like every other holder of shares, at some point down the line POW will look to sell.

Unlikely to be any time soon with the story yet to unfold and the price only just starting to rise

[yaki] 08/8/2019 21:16

"...real potential for the share price of Katoro to rise significantly which of course will benefit the balance sheet of Power Metal Resources."

Does he mean that they will sell, as that's the only way to convert the shares (which can go either way very quickly) into liquid asset in the balance sheet.

Mmmm

cf456 8 Aug '19 - 19:49 - 160 of 160
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Strong day again for KAT.

New report out today on KAT from POW.

"We think that there is strong chance that prices will continue to grow and, therefore, Katoro Gold with its dual gold and nickel focus seems to be a very good investment option.

Power Metals has exposure to 5.9pc of Katoro through the 10m shares it owns already and a further 10m warrants at 1.25p just above the current share price. We consider there is real potential for the share price of Katoro to rise significantly which of course will benefit the balance sheet of Power Metal Resources."

[cf456] 08/8/2019 19:49

Strong day again for KAT.

New report out today on KAT from POW.

"We think that there is strong chance that prices will continue to grow and, therefore, Katoro Gold with its dual gold and nickel focus seems to be a very good investment option.

Power Metals has exposure to 5.9pc of Katoro through the 10m shares it owns already and a further 10m warrants at 1.25p just above the current share price. We consider there is real potential for the share price of Katoro to rise significantly which of course will benefit the balance sheet of Power Metal Resources."

[datait2019] 08/8/2019 14:44

Just like kibo

[datait2019] 08/8/2019 14:44

Dog share end of

[cf456] 08/8/2019 14:28

Strong again today. 2p not far off now.

[cf456] 07/8/2019 14:43

"#gold looks set to break $1500 - not many stocks with large gold resource #KAT @KatoroGoldplc has 755,000 ounces JORC compliant Resource already & now targeting the magic million ounces £2.3m cap - imo bizarre valuation!"

[yaki] 07/8/2019 10:22

short6

fair points and agreed. As the only s/h at the agm, I made that point very strongly to the Board.

The key is what is the fair value for KAT sp, given current situation - is it 1p, 5p or 10p and then buy/hold/sell, accordingly

I think the current share price reflects the ineptness of the Board and lack of any progress.
I wish when I made the investment decision stayed with Shanta. Their share price doubled where here is down 80%.

Not great!

short6 7 Aug '19 - 09:41 - 154 of 154
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Uk and Yaki, don't you remember Kibo's JV with MTR with Johnson at the helm. Okay the share price went up from 1p to 10p, but nothing came of it and the licence's were eventually relinquished. MTR made Hundreds of £k, some pi's made money, but most lost. Getting caught out by these shysters once is a learning curve. Being caught out a second time is shear stupidity.

[short6] 07/8/2019 09:41

Uk and Yaki, don't you remember Kibo's JV with MTR with Johnson at the helm. Okay the share price went up from 1p to 10p, but nothing came of it and the licence's were eventually relinquished. MTR made Hundreds of £k, some pi's made money, but most lost. Getting caught out by these shysters once is a learning curve. Being caught out a second time is shear stupidity.

[yaki] 07/8/2019 07:12

Such shady characters, best to put them on FILTER.
Unless you enjoy the sheer comedy of their posts and keep them for entertainment value. I did that to a point but then got bored and applied the filter.

[uknighted] 06/8/2019 16:30

Prior to today he was Datait. Changed his name- clearly not very ingenious.

[tromso1] 06/8/2019 16:06

Paid deramper working very hard today to earn his keep

[cf456] 06/8/2019 15:26

KAT coverage in Proactive today:

"All told it adds up to a whole lot of upside for comparatively little outlay. If, say the Katoro price moved on exploration success, the read-across to Power Metal would be straightforward enough. A 10p Katoro share price would translate to £1.9mln on the Power Metal balance sheet, roughly the value of the entire company at the moment."

[cf456] 05/8/2019 18:43

Bloomberg article on Nickel:

"The dramatic price rise we’ve seen will pale into insignificance compared to the future"

[lurker5] 05/8/2019 14:19

Johnson has never been open about the financial implications of the miners he puffs - now obviously for his ABM and its stake in Haneti. Anyone who followed Kibo's attempted link with Lake Victoria Goldfields (Aussi private co) and its Imwela project will know its capex would have been north of $8m, while Tetratech in 2014 said Imweru would need $5m of drilling before a feasibility study could plan a mine. Kat is pathetically undercapitalised, and Kibo has not the slightest chance of putting up its share of exploration costs for Imweru or the extra needed to keep anything worthwhile in Haneti (don't forget Johnson's previous Metal Tiger deal which went nowhere). The only certainty is Kat mega dilution before anything happens, if ever it does.

[cf456] 05/8/2019 12:33

"#gold up 1.4% #nickel up 3.23% #KAT @KatoroGoldplc
has 755,000 ounces gold & targeting one million ounces - & major nickel sulphide interest. Seems to be perfectly positioned & now share price reacting."

[short6] 29/7/2019 09:59

Just like KIBO did with Metal Tiger at Morogoro and Pinewood.

[noirua] 29/7/2019 09:46

RNS is interesting as it shows KAT are going forward to bring in partners in a serious way.

[yaki] 23/7/2019 12:29

Down on no trades. Interesting.
Looks like PJ's pump and dump is not working as intended. Damn!

[noirua] 21/7/2019 13:44

Gold Really Is Shining – My Forecasts Raised
July 19, 2019

[noirua] 21/7/2019 12:58

Gold and nickel on the upward trend is good news. However, as KAT have none to sell it hardly does anything than raise interest in selling one of the assets or part interest. From a sale of asset point of view the shares have potential but the cost of developing the asset, even with the help of POW, does not look a sensible option as both companies have a low market cap and could hardly consider borrowing US$80 million to bring these to production.