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Surprised this company is still in business , thought it died off a long time ago .
Wont be long by the looks of things
Expecting a big day today as an overhang cleared now and oversold.🔥🔥🔥🚀
Massive resources and a tiny market cap.Dirt cheap entry.
Took a few KAT today. A company I have followed for years but for a variety of reasons never held. With Sean Wade from POW now involved and the former GGP chap as a significant holder seems worth a small position as I hope they know significantly more than me about junior resource companies! Good luck.
This can do multiple bags on the next update at any time.
Interesting sudden high volume. Are things about to (finally) get going?
Gold ?
Time to commence research
Times will be a changing soon.
Yes, hopefully as soon as possible. I don't think I have known of such a completely inept director in a company in my life. All projects we have nil value! Says it all really.
He will step down though right? How does the medium term outlook look?
Utter s h i t e . Mis management and incompetence on the grandest scale imaginable. No different to Kibo and Mast.
The bloke should be struck off and never allowed to hold a directorship in anything ever again IMO
In this latest RNS, how clueless Coutzee was.
Crazy that we are sitting here at this price with the amount of gold tailings we are sitting on! At the current gold price. If only we had had a decent CEO we could be in a completely different place by now
Https://x.com/pauljohnson9691/status/1763600806937305511?s=20
KAT advisor -spike coming??
Gold is flying:
KAT RNS:
· The current, JORC code compliant, mineral resource for Imweru and Imwelo consists of 11.6 Mt at a grade of 1.38 g/t for 515,110 oz Au and 4.7 Mt at 1.92 g/t for 291,600 oz Au respectively and probable reserve for Imwelo consists of 1.4 Mt at 2.2 g/t for 97,394 oz Au.
· LVG is an unlisted public company, incorporated in Australia, operating multiple exploration licences including its key project, the Imwelo Gold Project in Tanzania ('Imwelo'), located adjacent to Imweru and also holds the relevant environmental approvals and mining licence for Imwelo.
Agreement Highlights
· JV Funding:
§ LVG will earn a JV-interest of up to 80% in the JV and will be responsible for 100% of the JV funding requirements.
§ All debt funding required by the JV will be procured or provided by LVG.
§ The JV will reimburse Katoro for previous expenditures in the amount of € 792,000 on or before 31 December 2023 (overdue, update on payment or bring the Gold project back).
· Cancellation Agreement: The original Agreement to dispose of the Project will be cancelled by mutual consent of the parties.
Katoro CEO, Louis Coetzee, commented: "The decision to cancel the sale of the Project and to enter into a Joint Venture instead was a strategic decision by the Katoro Board to address challenges that made it impossible to complete the sale agreement within an acceptable time frame. We are looking forward to growing this JV-partnership with LVG, who is currently developing the Imwelo Gold Project. With Imwelo being located adjacent to Imweru and in advanced stage of development towards first production, we believe that the combination of the two projects will create a larger and significantly more economic project that will be able to attract suitable funding to accelerate the further development and exploitation of the combined gold mining project."
Easy win for the new board - show us the EURO 792,000 cash or give the Gold JORC project back into the portfolio.
https://www.gold.co.uk/gold-price/week/ounces/USD/
? Strange comment .
Also 6mth is standard settlement , some have 12/24mths.
Sean wade at the Helm........ , dont expect this share price to improve :-(
Oh no The significant financing announced earlier this month raising £825,000 before expenses has provided the Company with a robust financial position to move the business forward and I look forward to Katoro announcing further developments as soon as possible." the word robust again . clearly written by LC .... Haneti always a hope but as many years away as it was in 2013.... GLA x 10
You have to admire the skill of LC for squeezing every last penny out of anything he is involved in.
Hes got himself a gig until July 24 at least
Wow, I had piled mine in the bottom drawer. At last, some movement here.
Always had belief in Haneti. Let's see some funding going into drilling the vast sites
Some nice big buys flying in.
premiums if you want size.
And market cap still a measly 1.7m
plenty upside here when the new BOD's plan is set in motion
Heddles investment going in. Nice 3.8% snapped up
Https://x.com/gervaiseheddle/status/1757001657383313845?s=20