Member Info for comeonvog

Key date.......

In accordance with the terms of the Agreement, the Initial Project Funding, together with all necessary regulatory and government approvals that may be required in order to form the JV, must be in place by 30 April 2020. In the event that these conditions are not satisfied by 30 April 2020 and the JV Partners do not agree to extend the date, the Agreement shall fall away, the JV will not be established and the Katoro Loan Facility will become repayable immediately with accrued interest to Katoro by Blyvoor.

Not a chance, transfer of 263k . LC is a serial diluter as he picks up his over inflated wage packet for achieving nothing but hot air. Look at the traders selling out.

Easy to say Kalan when the very man himself told us we have never been in a better position.

BORRELLI......... WHAT ARE YOU DOING THAT YOU NEED TO HIDE. ????????????????

Here, just when all seemed lost we get this . sold out now but i will be back. GLA

Well good luck with this, i will play the waiting .

LB28 Is that really the point. Look at JLP and how long it has taken them to make profit from tailings .

30%

mibo And how would i short this. Remember it's 3 years until profit. I have plenty of time .

EyeGuy ......What's up , no need to be rude.

EyeGuy Why would i buy now , plenty of time . Lets see the financing first .

"or that the targeted 500,00tpm of material within two years will be achieved" That could hit profits .

invester2015 And the abuse starts......Also, there can be no guarantee that in the event that the Tailings are reprocessed, that the projected production and/or recovery rates will be achieved, or that the targeted 500,00tpm of material within two years will be achieved, which could result in lower returns and which may require additional funding .
This is relevant is it not.

mibo No i'm not , if you read they are all different paragraphs. You are posting the same headline news.

invester2015 yes but no profit for 3 years . Thats a long time on AIM.

Also, there can be no guarantee that in the event that the Tailings are reprocessed, that the projected production and/or recovery rates will be achieved. hmmmmm interesting.

Also, there can be no guarantee that in the event that the Tailings are reprocessed, that the projected production and/or recovery rates will be achieved, or that the targeted 500,00tpm of material within two years will be achieved, which could result in lower returns and which may require additional funding to be secured, which could result in the Company's interest in the JV being reduced.

Katoro shareholders should be aware that there is no certainty that the projected returns set out above for the Project will be achieved, as there is no certainty that the Project Funding will be secured and if it is secured, that debt funding will be secured to finance all of the projected costs of the Project and if the Board is able to secure such debt funding, that it will be in line with the Board's current expected rates, in which case the Project's returns, as set out above, could be materially impacted resulting in the Project not being economical. In addition, if the Project Funding is in the form of a mixture of debt and equity, as opposed to just debt as currently proposed by the Board, it is likely that the Parties interest in the JV will be diluted and the Company's interest in the JV could therefore be materially lower than 50%.

Katoro shareholders should also note that there is no certainty that the Project Funding will be secured for the construction and commissioning of a plant to reprocess material from the Tailings. In the event that the Project Funding is not secured, the conditions of the Agreement will not have been satisfied and the JV will not be formed, meaning that the Company will have no interest in the JV and/or the Tailings. Katoro shareholders should also note that in such an instance, whilst the Loan would become repayable by the JV Partners pursuant to the terms of the Agreement, there is no guarantee that the Loan will be repaid in full or if it is repaid, will be repaid in a timely manner.

Katoro shareholders should note that whilst the Company has a binding commitment from Sanderson to subscribe, on Katoro's request, for up to £400,000 to enable it to meet the Additional Tranches requested under the Katoro Loan Facility, in the event that any amount so requested is not provided and the Additional Tranches are sought in full, there can be no guarantee that the Company will be able to provide the Additional Tranches as and when required, in which event the Agreement will fall away and the Company will have no interest in the JV.

Accordingly, the Board believes the Project will generate first revenues in production year one, with positive cash flows, pre debt financing costs, expected from end of year three.

No profit for 3 years . ??????

As such, at a gold price of US$1,300/oz (held flat on a nominal basis), and based on total estimated Project capital costs of US$30 - US$35 million, the Board believes that, the Tailings can deliver attractive estimated financial returns with an indicative unlevered NPV10 of US$49 million and unlevered IRR of 31%.