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Andysmi
I mean there are a number of no no’s, and suggesting the price can only go up is one of them.
Hi Aerial, so you mean you believe the price will drop even further?
sensetalka
I agree, not a very well thought out statement by Andysmi
There''s enough money for current and follow up work on this Nickel (though i'm sure they'd raise more like XTR on a strong result). The last placing was 2p not 1.5p.
Thank SirGBoycott, agree with your thoughts, lets hope the funding is sorted soon for re-rate. Potter25, I have no agenda believe it or not, just balanced with the greatest respect.
If and I stress IF they did need to raise at this point with the expected significant news flow and the fact that Gold / Nickel are hot at present any raise you expect to be at a premium to the current SP and not 1.5p but as they only raised capital 2 months ago as you can see in the RNS history its not unreasonable to suppose that they don't need and wont need more cash for a good few months yet!
Second time you have raised that VIOKS so lets try and put your mind at rest. No I don't think there is any imminent need to raise. If you read back a couple of months they last raised cash in January 2021 less than 8 weeks ago. - £960K.
At the time it was envisaged just 8 weeks ago that ... " The Fundraise will significantly bolster the Company's ability to continue uninterrupted with work on its projects during the current uncertainty and unpredictability associated with COVID-19 and to advance the project funding initiatives as well as complete technical study work for the Blyvoor Gold Tailings Project and also expanded follow-up work on the Haneti nickel exploration programme"
It is likely that the company will indeed need to raise in the future as all AIM companies without revenue need to do but any raise, if required, is likely to be on the back of an agreement at Blyvoor and initial Haneti results. Any subsequent raise should be limited to working capital due to the way that they intend to fund Blyvoor and the fact follow up work at Haneti is included in the raise above. There is also the monies due form the sale of Imweru & any cashing in of warrants to factor in. Previous to the raise in Jan 2021 the company raised a similar amount in June 2020 so around 6-7 months gap between placings.
If your concerned best to sellep up and rather than spout out placing ever post, That is if you genuinely hold! Agenda agenda.
Thanks, as you say hopefully they don't raise near the last placing price of 1.5p if they do need too. I have been stung before so just concerned. I am also in RMM and ORR for gold exposure.
More, every single person on this forum should consider gold is down and the markets in general are down - from Tesla to Centamin... so Katoro is actually doing ok... I’m a strong believer in this company’s potential.
Sorry for the auto-correct mistakes - clearly meant Katoro not Katie’s lol
Hi Sensetalka! Yes my statement was mixed with a personal desire rather than an analysis- I agree with you it can go either way! Anyway looking forward to hearing your opinion on my latest post. I think it better explains the logic and hopefully we can also get rid of the fear of a placing Vik here is implying
Since this is AIM anything can happen, BUT:
At the moment there is nothing that could imply a raise:
From my understanding Katie’s has sufficient cash at the moment.
They are looking for an investor for the Blyvoor project but I don’t believe they will make (another) placing for that as there is not point.
For Haneti they might offer a placing BUT ONLY once the results are confirmed. If the results come out positive then the price will go up - probably 3 pence. In that case the placing will be around 2 pence to 2 pence fifty.
So, in my opinion a placing could come but only at a later stage when the SP will be higher anyway and it won’t really affect us.
Am I missing anything?
Very dangerous statement that Andy "From here it can only go up". We all want it too for sure but never assume things can't get worse.
That being said, the fundamentals at Blyvoor are remarkable and that project will be realised without a doubt. Haneti, now that really would put the cat amongst the pidgeons, even a hint of a decent nickel resource there and investors will pile in. Perfect time to average down if you're a LTH and to get in if you're new in my view but like all shares, it's not without risk
The price action looks a bit weak, does anyone think they need to raise?
If you’ve asked me, I think now is the perfect time to drop the news on Haneti! The SP was perhaps purposely taken down so whoever needed to load shares could do so! From here it can only go up.
Thoughts?
2.40 to 1.80
Hopefully we’ll get some reaction from Kibo/MAST IPO