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destitute, I think a number of people are buying KIBO as they believe that with it's stake in KAT, the SP offers greater value and decent exposure. 3 large buys have just gone through on KIBO so maybe the traders are jumping onboard, albeit indirectly.
Interesting moves by the MMs today, a number of large sells early, then some 400k plus buys, SP couldn't seem to stay above 3p today, however when dropped, the weakness gets bought up quickly. A flurry of buys around 2.80 - 2.85p, then the MMs widen the spread to show all buys as sells, despite the Live Ask increasing.......... Interesting steps ahead of expected news.
Maybe , maybe not. I have seen this pattern before , a drop before it sky rockets.
You could be right but I still think he will come good this time as there is but more of a vested interest
Didn't think I would see 2.8p range again top-up prahaps! Nervous pi's selling out... Let's see what tomorrow brings gla.
Yes, I have seen the RNS. I just try not to set my expectations so high as I am continuously disappointed by over promise and under deliver.
Saying that, to put that in an RNS would lead you to believe that it will be done. If that is the case we should see good bye to the 2's, 3s, 4s and 5s as such a deal provides opportunity to access 35000 Oz of gold per annum.
On or before 30 sept .see july rns
Can't see why it will not be done, but as I said the other day there is always the COVID delay affect. But if there was a delay surely it would be better off putting that out there now ?
If it is going to be closed why leave it until the last day to close it ?
All we can do is act on the information we have at hand and right now everything is screaming buy to me. Have to say that of the companies I am invested in, Katoro are by far the most communicative, which is good. Whether hit or miss there are always clear deadlines in place and timely communication with shareholders as well as regular tweet updates.
I don't know anything about LC's history but understand from most on here it has not been good. That being said I don't think the guy has set out to deliberately mess anything up and if he's appointed an experienced JV manager in the form of GB it kind of shows that he knows his faults and is actively addressing them which is a sign of good leadership and should give rise to a different outcome than has previously been achieved. Everyone makes mistakes, not everyone learns from them.
When I try to think critically about this deal I don't see any plausible reason why it would not be done, delayed potentially but ultimately still done. Can anyone give a tangible reason as to why they think the deal won't be done?
The world waits with bated breath to see if Louis can hit a cows arse with a banjo.
Another delay would be a further indication that LC cant get anything tangible over the line. I would be extremely disappointed if there is any kind of delay after the bullish statements in the past few weeks, however I have thought that before with LC.
Well said sense! Patiently waiting for the news.
Haha, he's had a lot of stick on here hasn't he (wonder if if he reads these boards).
I note the absence of any tweet today from Katoro, think they could be busy? hmmmmm
This deal is imminent, think about it this way, why would a deal not be done? And don't say LC can fk it up etc... seriously think about this. Kat want the deal, the BoD all have millions of share options each so they want the deal. The financers want the deal hence why there's so many of them interested.
A deal will be done. we're right on the verge here. In 2 days or less we have been told via an RNS news will be released. Good luck all
If I was L.C, I would wait till Friday to put out the funding RNS. So all the people who doubted him start selling off, and miss out on the boom??
It will be interesting to see what happens here and over at kibo if they still pricing katoro around 3p and kibo under 0.30p when that funding rns lands.The mm,s might have a real job on their hands trying to keep a lid on things with the stated ROI,s and capex stats.Kat and Kibo could both have stonking few weeks ahead IMVHO
Just topped up 5grands worth, and its showing as a sale.