Firering Strategic Minerals: From explorer to producer. Watch the video here.
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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.
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...
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
Thanks PP - this should be ready to start ticking up into news hopefully.
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
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.
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
My top up in the last couple of mins not showing.
Agreed, the prospects here are fantastic.
Gervaise, let the news out asap please.
My 2984771 still not showing
The whole region is gifted with natural resources.
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
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!
Christian Schaffalitzky of EUA fame seemed pretty certain that Haneti is filled, to the brim, with Nickel.
I once lost a lot of money here (gold tailings disaster ). Who knows, I might get a few grand back!?!
GLA
Significant volumes on Friday. The updates have been coming monthly. My hunch is that the next update will have strong news on Haneti / Babayu Lithium project and a new CEO. Coetzee has to go before the AGM!
When is the AGM?
Gervaise Heddle personal connections highlights Paul Johnson. Had the pleasure of their company in GGP through one of AIM’s most prolific share price rises at GGP.
https://www.marketscreener.com/insider/GERVAISE-HEDDLE-A21E11/relations/
Eagerly waiting the May Business update during next week.
Remembered this video from back then, as I suspect a few new investors will be arriving here in the next few days, weeks and months.
Nice personally to have got here in the 8’s and below the last Director purchase. Paul Johnson and recent shareholder Gervaise Heddle ( of GGP fame will it 60x ) have a tight relationship.
https://www.proactiveinvestors.co.uk/companies/news/904495/power-metal-s-paul-johnson-sees--significant-upside-potential--in-tanzania-and-botswana-projects-904495.html
Sinterklaase
This is the first time I have seen this interview and I would say an eye opener.
Buy early and hold. I can say this from my personal experience in GGP - I was holding several million at 0.6 of a penny average and when Newmont left, I listened to someone and sold, contrary to normally what I do for other shares. Don't want to do the same mistake again.
All I know is that the region (Dodoma, Singida where Shanta Gold operate, Lake Victoria, Iringa etc) seem to be highly prospective in natural resources.
Will top up at current price.
First entry was 0.18 in GGP, and highest sale was very close to the top, all the trading in the middle I’d give myself a 4/10.
Prefer heavily beaten down speculations, having just raised with news catalysts, that the market cannot assign any value to yet, with Directors buying.
Currently prefer the liquidity and diversification and ease of research time in GDXJ, GJGB.L or SIL, SILG.L for producers, near term producers, developers and small single mine stocks..
Prospect Generators and junior explorers I used to buy them all, and average up on the discovery holes with multiple 100g/tm AU intersections. Now I’m more selective, have Alien Metals as they have all the permitting and licensing, and is just at the cusp of the FID in the Lassonde curve.
Whilst always on the look out for successful mining financing or accounting executives and geologists putting their own money in nano caps, where you can build a sizeable position so cheaply and free carry from very early on.
So many GGP investors didn’t really know the significance of what they found, and sold out when they should have been buying. Remember Stephen Beetham on here with his 200m shares targeting 13.0 exit. I got into Snowline and Hercules early as well, but was stifled by my 3% of net worth on a cost basis rule in any one share. Which is limited to 1.5% for none revenue exploration and developers, which means my money management rules means I’m hoping slow and steady wins the race, and will underperform many investors with no rules.
Best of luck here Prof.
You might want to take a look at GPM Sinterklaase if you want something that is invested in 40-50 mainly ASX and TSX-listed producers, developers etc. and historically has outperformed GDXJ etc. in gold bull runs.
Thanks ontarget. Owned that for a while back in 2019. See it’s got a decent discount to NAV. Tossed up the subscription rights and annual charges, spread and liquidity, verses ETF’s where you can dump 10x as much in swing and position trades, and hardly move the price, and still hold long term with no decay. I think I sold GPM at the time for Jupiter Gold and Silver fund, which had the higher Silver exposure, as much as SIL or SILJ, that apart from a couple of Silver companies like Gatos and Aya, as most Silver producers had more Gold and base metal production than Silver. Own Calibre already so nice to see GPM have a decent stake. If we ever had a circuit breaker down day and higher high breakout in VIX, I worry my broker will make me pay liquidating GPM in a hurry.
Apologies to long term KAT.L investors for hi jacking the board today.
Look forward to hearing investors gripes and constructive thoughts about our investment here.
It's a quiet day so will throw out there another gold explorer with results due any time on its Cameroon assets and fully cashed. Only resistance is a crappy landstead deal but won't matter once news flow starts. Plus new CEO. Check out ORR.
many thanks for this sinkerlaase. also, invested in orr and panthera . cameroon, a possible new gold district and panthera, where besides west african projects, is taking the indian govt to international arbitration for taking away rights to a pl on 7.5 million ounce bhukia gold project. funding received of some 13 million pounds on a no win no fee basis. i recon the claim amount will be very significant - in a similar case against ****stan govt, the claim figure was $5.8 b in the tethyan case
see tethyan copper company pty v islamic republic of ****stan, icsid case no. arb/12/1