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Hopefully bounces :-)
Added in weakness
And another 2 500k’s
Don’t be fooled. People are loading millions here
Smacks, I am chilled mate and I'm confident that we'll all make a lot of money here (otherwise I wouldn't be in). My comments on the RNS and potential dilution were "thinking aloud" with my initial thoughts. Overall, I think that with GB onboard, we're good for gold.
Sonic - it's less about the absolute value and more to do with consequence of failure. I did point out that the scale of funding and the project are worlds apart in my comments. SXX failed to fund the project and the company is on the brink of collapse.
I believe KAT will get the funding sorted with ease - better economics of the deal, smaller amount of funds needed, lower risk etc - but if for any reason they don't, then we obviously won't get returns we're all looking for here.
Kai,
Good input but just remind me how much finance are KAT looking for and how much were SXX looking for?
Graham Briggs CEO for 20 years of Harmony Gold, South Africa:
Harmony Gold is the third largest gold mining company in South Africa.Harmony operates in South Africa and in Papua New Guinea. The company has nine underground mines, one open-pit mine and several surface operations in South Africa. Wikipedia
Mate you are in early at these prices, chillax. Graham Briggs is no fool and finance will be easy in South Africa for something like this. Gold crazy over there.
“ Katoro has already held preliminary discussions with potential funding parties for the project, which the board believe will be secured at the project level and will likely be in the form of debt funding.”
Smacks, subject to funding, I absolutely agree.
At the moment, I see the 3-6p range as being fair value because of the finance risk.
I've drawn parallels to SXX before, because a lot of PIs was lead to believe that finance shouldn't be too difficult, and it turned out to be what sunk the company and cost a lot of people their life savings.
Now I fully recognise that this project that KAT is running is a fraction of the scale - not even 10% of the amount of money that SXX was trying to raise, and the complexity is on a totally different scale too; KAT is simply processing tailings whereas SXX was trying to sink a huge mine.
I got lucky on SXX, insofar as I only lost about 75%. But this time, I'm being cautiously optimistic.
Yes, the upside potential is astronomical here. IF, AND ONLY IF, the finance comes through.
Whats with the sudden surge?... not that I'm complaining of course!....
Kai. It’s massively undervalued with or without the dilution. And it’s a project that could be running in 12 months. Time to fly imo
Waking up with a bang! New highs on the way imo
Looks like the kat's waking up. 3/3.2 right now on HL.
https://twitter.com/katorogoldplc/status/1232262727604867075?s=21
In other news, it sounds like Briggs is getting his hands dirty already. Good stuff.
Hmm you could be right, Sanderson hold around 13% of Kibo, maybe these are sticky :)
This is definitely a possibility, In fact the number tally's almost exactly with the amount sold in 250k blocks recently. Normally it would be usual practice it seems to have forward sold them then release the info as per today's RNS - the dirty wash has already been done with no further detriment to the SP. That said Sandersons have gone over 3% with this allocation so if they have sold them then we should see an RNS saying they have sold. Sandersons have been largely sticky shareholders in KIBO so maybe they haven't sold?
Warrant situation seems to be 20m warrants.
4.8 m exercised by SI Capital as per 14th Feb RNS
15.2m including the 10m to POW appear unexercised.
On reflection I think more likely SI Capital have sold their warrants down and we should be free to move up now to the 6p level.
It was already announced 30th of Jan this being in place. I have a feeling this current 6.6m drawn has been forward sold. There’s been constant round number blocks for days hitting sells. We will see :-)
not working very well.... £400k Sanderson drawdown
OK, if it progresses the project exponentially