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Took some more in the 9’s to add to the 8’s today.
Was in GGP before GH turned up, but interested to know what they are up to here!
The HTC includes team members from Katoro and Power Metal, and external specialists with requisite project knowledge.
EXTERNAL SPECIALIST- I RECON WILL BE CHRISTIAN SCHAFFALITZKY FROM EUA. HE WAS THE CONSULTANT BEFORE
Chart set up looks amazing here.
Take our 0.16 next and its a clean run up to 0.33 + and beyond.
Looking strong to go on a decent run over the coming weeks ahead
The whole region is gifted with natural resources.
My 2984771 still not showing
Gervaise, let the news out asap please.
My top up in the last couple of mins not showing.
Agreed, the prospects here are fantastic.
At some stage a sub 0.01 entry will be locked out forever and when news lands I wouldn't be surprised to see this do 100-200%+ over a trading session or two.
Even then the market cap would still be ridiculously cheap.
It's 10 x to return the SP back to the levels just a few years ago and 50 x to 2020 highs so from a chart perspective not going to be much selling pressure on the way up a steep trajectory from here.
It's previously done a 10 x bagger moves inside a year from the 2019 lows..
Won't be surprised to see the new KAT Global does something similar
First target really should be the Warrant accelerator up at 0.5p will release a further £1.875m cash into the company & will be just over a 5 x bagger initially from the present SP so should be the first target here for holders.
It shouldn't take much volume to see a 1m m/cap cap zoom up to 5m m/cap once news starts to land.
Let's see what the old GGP crew of Paul Johnson and Gervais Heddle can do here with a new CEO incoming and all fhe connections that they have in the junior space.
GLA
Bid and Ask going up. We might well be approaching the last period to get in at these bargain basement levels. I'm intrigued to know what project they will have lined up for the new KAT. Will it be one of POW's? If so, the Tati gold project or one of its Uranium assets would do nicely. Or maybe something in Saudi, which is becoming a hot jurisdiction for mining. Or will it be a new project entirely from elsewhere.
I think there will be new targets on the Haneti. Would be very happy if there is a farm-out JV with a well known player already operating in Tanzania
GLA
Thanks PP - this should be ready to start ticking up into news hopefully.
Dated: 27 February 2024
Katoro Gold PLC ('Katoro' or the 'Company')
TR-1: Standard form for notification of shareholdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1. Issuer Details
ISIN
GB00BSNBL022
Issuer Name
KATORO GOLD PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Gervaise Heddle
City of registered office (if applicable)
Sydney
Country of registered office (if applicable)
Australia
Purchase of: 57,000,000 shares
Yes, I suspect news will land before July and so now looks like a good time to buy in, and especially at the discount to the placing. Very intrigued to know what the new project might be.
BTW - when did Gervaise Heddle buy in and how much? Been going through the notifications but can't find him...
I'm in too. I've been accumulating over the last few weeks after reading PP posts and doing my own research. Early days but this looks like a promising opportunity! Thanks for the tip PP and GLA.
Trying to move on cnbc atm portfolio.
Welcome Legalwolf, and so the Posse arrives in force......things must be about to happen!
I've started accumulating here. Thanks for the tip off PP. There will definitely be some upside coming up here, with the parties involved and current tiny mcap. GLA
Accumulation zone down here at a very nice discount to the recent 1p placing.
BOD making moves in the background.
All will be revealed shortly.
Thanks @PP, read and considered your argument, and taken a starter position this morning.
This is speculation at its most extreme.
I see our neighbours Lifezone metals share price put on some weight this week and now have a market cap of £660m
Their Kabanga deposit Mineral Resource estimate as of 15 February 2023 as attributable to Lifezone of 25.8 Mt (Measured and Indicated resources) at 2.63% Ni, 0.35% Cu and 0.2% Co and additional 14.6 Mt (Inferred resources) at 2.57% Ni, 0.34% Cu and 0.18% Co each with a recovery percentage of 87.2% for Ni, 85.1% for Cu and 88.1% for Co.2, 3, 4, 5, 6, 7, 8
Their Definitive Feasibility Study for the project is due for completion by Q3 2024.
Last month they completes a US$50 million non-brokered private placement of unsecured convertible debentures. These debentures have been issued to a consortium of marquee mining investors, led by Harry Lundin (Bromma Asset Management Inc.) and Rick Rule.
@Prof
Agreed, interested in the mention of Australia in the updates & new technical experience in this area and Gervais Heddle getting involved.
Once news lands wouldn't surprise me to see the SP pretty much instantly double and then go on a decent run as the herd arrives.
These micro cap valuations are always the ones to see the most violent re-rates when the market wakes up to good news so sensible move imo accumulating whilst there is still a chance to grab a few below the price GH & Co paid for their shares.
PP, hoping for a strong team here.
Could not resist topping up a couple of mins ago
GLA
I noticed our neighbours lifezone metals flew up 15% yesterday and their market cap is now £618m
Vs our £1.5m market cap here.
Once the BoD restructuring is complete, I'm looking forward to the media and PR as developments here are flying well under the radar at present.
GLA
@Prof
Certainly intriguing to see who they bring in.
Given we are advised that they ate 'well advanced' it isn't likely to be long until news lands here shortly and we find out.
I do like the idea of a 'Dream Team' of Board members who have been involved with companies that have gone onto 100 x bag in the past.
Certainly wouldn't rule out the likes of PJ, Gervaise Heddle and Co repeating something similar from this crazy low valuation.