Katoro Gold Share Discussion Threads

[grahamwales] 11/12/2020 09:41

GGP

As I have said earlier was way overpriced IMO. This however at £8 million has a long way to go.

[tonytony4] 10/12/2020 20:46

This is the perfect storm for Katoro to get high grade results out to the market...

[grahamwales] 10/12/2020 18:27

Yep more buys than sells again, market makers playing a risky game here imo. If news lands they will be stuffed.

[tonytony4] 10/12/2020 17:03

Delayed 350k buy.

[tonytony4] 10/12/2020 15:25

Just need a bit of buying pressure to get this going... Must be close to news.

[grahamwales] 10/12/2020 15:21

2.22 sell 2.29 buy that’s pretty tight for this share.

[tonytony4] 10/12/2020 14:56

Katoro Haneti project tweeting going into overdrive!

[grahamwales] 10/12/2020 14:12

Market makers keeping a tight spread just in case :-) they won’t want to caught with very few shares when they can make a fortune on any news from here in.

[tonytony4] 10/12/2020 12:52

Some nice Chunky buys coming in.. blyvoor hopefully..

[grahamwales] 10/12/2020 10:35

Haneti


Looking at the map they seem to be targeting the smaller zones first. The are is massive with large nickel zones highlighted. They also have the option to increase the license area which would bode well for a large mining operation to expand.

[grahamwales] 10/12/2020 10:32

At a guess I would say that they will not announce anything until incorporating the JV. Wouldn’t surprise me if they also listed on the South African stock market under the new company.

Make sure everything is secure in the JV before pushing ahead with construction phase Graham Briggs hopefully looking after our interests to make sure there are no loopholes:-)

[edgein] 10/12/2020 10:29

Inthemix,

Interesting suggestion for sure. CS is very familiar with Haneti, there's no reserves yet, those high grade Ni and pgm results are from soil work, rock chips etc. Anything above 0.5% Ni close to surface would be great as the complex is 80km long, i.e. potentially world class. Some bonus pgm grades would be super too. But lets wait and see what the 50 hole campaign shows up as that may lead to a maiden JORC eventually and those reserves you're looking for. But yes a post-asset sale EUA may look for quality assets like Haneti. Lets see what the first round of drilling will turn up though, don't be expecting rock chip type grades from the RC work, but shallow decent economic grades would be great. These holes are only to 50m so anything commercial to that depth would be a great start. Action should start near term, fingers crossed.

Regards,
Ed.

[tonytony4] 09/12/2020 21:06

This should bode well for getting jv financing sorted and tailings into production..

[grahamwales] 09/12/2020 20:10

Looks like the Blyvoor gold mine is already operational.

[grahamwales] 09/12/2020 13:08

With 8m market cap it’s at the very bottom imo. Whatever deal they get it will boost the share price. Let’s see what sort of profit they predict after the 2 year period. Personally think they will try and accelerate production in the first 2 years to something close to the 500k per month.

The 25 years will possibly come down to 20 years or less thus increasing the rate of return.

Think there will be a combination of funding but remember that 50% of it will be down to Blyvoor gold mine who are currently in the process of getting the underground mine operational again so may want the tailings to start first.

[inthemix] 09/12/2020 13:02

The guy from EUA might fund it, he says the Nickel reserves are "phenomenal" at 16-17%.

[tonytony4] 09/12/2020 12:54

All depends on the blyvoor jv financing deal coupled with good drilling results from haneti I believe it can IMO...

[inthemix] 09/12/2020 12:52

Anyone else feel like this could 20 x multibag?

[grahamwales] 09/12/2020 12:48

Slowed right down guess holders are now waiting to see what happens next.

[uknighted] 09/12/2020 09:45

It HAS to be getting closer, but just how close?

[tonytony4] 09/12/2020 09:39

Also noticed that could be getting closer!

[grahamwales] 09/12/2020 09:35

Market makers happy to take shares if anyone wants to sell :-)

[grahamwales] 08/12/2020 16:33

Would be nice to have an update on drilling even if they haven't finished, surprised POW hasn't posted any photo's they like to pump up the price lol.