The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Really expected an update during February. Sincerely hope next week delivers!
At the end of the day maybe there’s nothing (good) to report...
Haneti I am less worried about. But Blyvoor should have had a finance deal agreed by now surely?
I don't think it'll get tied up till covid subsides a bit in SA personally and they've outlined a variety of workstreams. Depends what comes back on Haneti but if you compare mcap here to Kavango, which doesn't even have the positive soil samples. could end up being the main project, soil grades were great. but let's see what drill holds.
I don’t think Covid is a genuine or full explanation. Businesses elsewhere have continued to make deals and progress. I also own shares in SLP and they have kept production going in South Africa and their SP has kept on climbing. Whatever we tell ourselves we all know the Reality is they should have had a deal announced by now.
Maybe they did strike the deal or they didn’t... regardless LC must (hopefully) have a good reason for not letting us know. Probably it has to do with the bear gold market, don’t know. Anyway know that March is here I think any news will come AFTER the MAST IPO
If there’s no update soon I will be selling up and moving on. My money is sat here earning even less than the banks pay and that’s saying something! Lots of other speculative stocks out there. LC get your finger out mate!
I get your points though I invested mainly for Haneti . I don’t think there’s anything wrong with the SA project as such (that said I was never in the group thinking it makes Kat worth 10p either) just can’t see much happening till Covid resolves - it’s the same at Kefi and HZM and HZM has an NPV in the billions at current nickel prices .
Yes 10p is a little unrealistic but I can see Kat with a 20 mil mcap
Mention in the POW update today
Following completion of 1,965 metres of Rotary Air Blast drilling, 776 three metre composite samples have been delivered to SGS Tanzania, an accredited assay laboratory in Tanzania.
Samples being analysed using multi-element Aqua Regia Digestion/ICP-OES* method with 13 select samples to also be tested using Fire Assay for gold, platinum, and palladium.
Assay results expected shortly and the findings will guide next stage exploration.
Welcome to the world of LC USELESS
All a q of timing. Kibo up 50% from the lows, yes can see how Kat chart could go lower but also could see how 3p could be hit on good Haneti results
So many sells at the moment and I wonder what’s going on? People selling at a loss?
Personally I had end of Feb in my head as a deadline when I thought enough is enough waiting around for good news to come through. I'd imagine I'm not the only one, except others have pressed the button and my finger is still hovering! It would be just typical for me to sell today and an rns appear tomorrow!
Yes, only problem for me selling would be at a 20% loss... so willing to hold for a while. Hopefully I will not sell in a month with a 50% loss lol
It's a joke now. Dead capital here. There's one thing saying to have patience but I got into this almost a year ago with 2 weeks to go until "big news", I have been patient but it's wearing thing now, no doubt is with many others hence the sells and drop in SP. I realise this is adding nothing to the conversation but frustration but need to let it out somewhere.
I will not be in this share come summer unless there's something material to see us start climbing out this range we've been in. Obviously as autumn comes they'll need to start looking at having another raise in capital as well so risky time to be holding waiting for news that never comes. Really taking the pss now this is, we only need the SAMVAL report !!!
Previous exploration work has been undertaken at Haneti to a value of approximately US$1.5 million. This included exploration by former project owner Kibo Energy Plc (LON:KIBO) up to the end of 2012 over the Haneti-Itiso Ultramafic Complex ("HIUC") and comprised of rock sampling soil sampling, geological mapping, trenching, geophysical surveys and petrographic analyses.
This work identified grades of up to 13.59% nickel in rock samples with additional gold, cobalt, platinum values and some significant lithium anomalies. Additionally, independent work, undertaken by Western Geophysics Pty, underlined the potential of Haneti to host a substantial nickel sulphide deposit.
Hartlebury - "It would be just typical for me to sell today and an rns appear tomorrow!"
Would you mind taking one for the team please mate?
Jokes aside, another month goes by and not even a claim of jam tomorrow. I'm astonished, but glad, that we're somehow still holding the line at 2p.
In the meantime I think there’s tons of sells pending. At the moment can’t even sell shares worth £400
I’m not selling though, just doing dummy sells to see if there are buyers
It's more there's no buy interest right now. Can change with news but let's see
I’m giving it to the next RNS. They will have to give an update in March one way or the other. Hopefully it’s some of the good news we’ve been waiting for. If it’s just another holding statement then Adios. I can’t say I’ve not been earned enough times over the past year!
*warned
Seems fair!
If they were as busy delivering something tangible for shareholders as they are tweeting the same presentation that is nearly a year old we would all be a lot happier!
https://twitter.com/KatoroGoldplc/status/1366664595415453696