Member Info for jdt1990

Looks like he's gone already - amateur deramper there put tw*t at the end of his post and got himself banned.
Shows the desparation...nice to see us blue again now

Thats the problem - I don't know what to believe from him. The below is in black and white, from the RNS' (so no "speculation" and the reason why people here are getting peed off!

"As set out in the Announcement, the Agreement set out that 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. As a result of the ongoing financing discussion and the impact of COVID-19, the JV Partners have agreed to an extension of this deadline to 29 May 2020."

"It is incumbent on the Company to deliver the optimum outcome for its shareholders and with the increase in interest, an additional period will ensure Katoro can ultimately secure the best possible financing option. With this in mind, the JV Partners have agreed to a further extension until 30 June 2020."

"The Company is pleased to announce that the JV partners have agreed a strategy and associated deadlines for securing Project financing. Katoro will look to complete the Project Financing on or before 30 September 2020, which will be sufficient to fund the construction and commissioning of a Beneficiation Plant and auxiliary operations."

"The first milestone to be completed is the Resource update and upgrade currently underway (See RNS of 03 September 2020). The Resource update and upgrade will deliver an updated Resource and Reserve statement, as well as a SAMVAL valuation report for the Project, expected by the end of October."
"Considering the significant overall progress made to date in the development of the Project, the JV Partners decided to set 30 November 2020 as the next target date for the completion of Project Financing."

spend the 50p you just made from that post wisely!

I think you are missing my point Joyus. If you have a duff resource, it wouldn't even be tough to cut a good deal, you wouldn't be getting a deal at all and would have to go it alone.
We have a good resource and plenty of interest. However, think of it this way......
If 50 people in a room had £1m in a locked box and 5 others had a key that opened them all. Who is the power with?
Those 5 people can go shopping for the best deal to get the same result. You only have one box and need it unlocking so will be driven to a hard bargain.
We are one of the 50 (so many resources around the world) the potential partners have the keys

I would tend to disagree with that Joyus. Yes the resource is what has the intrinsic value.....however, as a junior miner/explorer you will always need someone with the fire power on board to get that resource out of the ground.
How that is is done absolutely impacts the return for shareholders. Look at Greatland Gold - Gervaise Heddle over there has done his business immaculately for what was a junior explorer not a miner, getting Newcrest on board and not giving the assets away for free.
This JV deal and how it is structured will have a HUGE impact on shareholder value, so I hope LC can find a way of doing it in our best interests.

Hi tallchapJG. Don't think its a ridiculous question at all. I am no mining expert so someone can probably elaborate on this for you but people when trying to establish a value of the resource will take 25% of that as the farm in agreement is for NCM to have up to a 70% interest plus an additional 5% at fair market value.
So if you took 5m oz with gold at $1850 and AISC of $950 that gives you 5m * $900 * 0.25 = $1.125Bn / 1.3 = £865m
Pretty much bang on our current Mcap.
So it shows just how little value is truly apportioned to Hav and potentially any other targets if they hit.

Alright Bancal relax.....no need for that aggression. I also think Berenberg have no idea what they are doing when it comes to the valuation. What I should have said is Berenberg have included ~5moz as an MRE intot heir SP target of 22p, and only 60% or so of that is attributed to Hav, which adds to how crazily off the mark that broker note is.

This is what Berenberg based their 22p valuation on ~5m oz. That was mid Oct before the latest set of Hav drilling results. However, we know the MRE will be based on the SE breccia only not any of the additional. So I would say ~5moz is priced in but Hav is just so much bigger than that market (or even brokers at this point) can even seem to comprehend!

An initial resource estimate for Havieron is due before the end of 2020 and based on results so far, the broker expects it to show 3.75Mln oz with a further 1.65Moz to come when drilling at the Breccia Zone is completed in 2021.

According to Berenberg, the Australian mid-tier domestic gold miners are trading at an EV/oz reserve value of USD731/oz versus USD484/oz for the whole Australian peer group, including the smaller operators and global miners.
Berenberg said it attributes a value of US$614mln (£491mln) to Havieron and US$413m for Greatland’s other holdings across the Paterson region.
'Hold' is its investment recommendation with the main catalysts for the shares to be Havieron moving through the exploration and feasibility process and the results from the company’s wholly-owned portfolio.

Another little dawn raid from the MMs trying their luck with the third bit of vaccine news. That's everything we knew was pending on that front (and some unexpected news) out of the way. Hopefully that puts a good floor on this and we can move on up.
I guess if we look on the bright side, at least the vaccine news hasn't come just after the LFT/BAMS RNS's and put a halt on the rise from that. CLear track ahead now to rise into.

Very much agree with that AgentB. I wouldn't underestimate the potential impact of moving from Micro to Small cap, that will potentially put the company on the radar of a new set of institutional investors. Obviously the buying of the index itself and trackers depends on the weighting we are assigned (likely to be small) but the indirect benefits of these aren't to be sniffed at.

Agreed share_surfer - 2.33 g/t combined platinum and palladium are not bad grades but we have no idea how far those kind of grades extend for (which of course is what this drilling could tell us). It also very much depends how that has to be extracted, those grades need to be economically viable Vs cost of method of extraction. The fact they are only drilling to 40m could be very positive if there are good platinum and palladium grades close to the surface. The nickel we know is close to the surface, just how much?

"KAT desperately need this deal now which makes me wonder what terms they'll get it on" This is my biggest worry at the moment. Everyone saying that there were 14 interested parties so the deal must be amazing....This is business and whoever is left in the line of those 14 parties will want the best deal for them and their shareholders. KAT aren't in a position to be playing hard ball as everyone knows they need funding or this who project is a no go.

Phoenix - can you blame people for thinking that......heard the phrase "history repeats itself"? Especially if you've had to suffer through years of the same over at KIBO and the same thing has happened here to a lesser degree.
I hope he meets the deadline and there is no need to go to the market for funding but I am more than happy to hear peoples thoughts and rationale for why they might think differently. If it is well reasoned and backed up, great, that's what a DISCUSSION board is for.
If its the "1p tomorrow" deramp brigade then just filter or ignore...

No GGP were added to the GDJX - A Vaneck run $6bn junior gold mining ETF. That was the reason for the spike there up to 27p

Gr33ning - I think your referring to Avcts addition to the MSCI small cap index? That doesn’t take effect until 30th Nov for the index itself but I guess it doesn’t necessarily stop anyone tracking that index adding early. I’m not sure that’s the reason for the rise though.

Phoenix - quick one for you.... “If they can predict all the doom and gloom then why no one mentioned today’s rns in advance.”
That’s probably because nobody knows RNS details in advance.....that’s called insider trading and illegal. Just because they have put a positive Haneti update out doesn’t detract from the desperate need to get this Blyvoor JV done to find all this activity. It actually adds to the need for him to hit this deadline!
Hopefully some of the “shoot down anyone who shows caution” crew now see why funding delays are not going to be good as they will need to find money to pay the third party for this and the silly salaries.
Does anyone know how long RAB drilling takes to do a 40m hole? It sounds like they have one rig....
Luckily it’s the cheapest type of drilling and good for shallow surface targets.

“Katoro's pro-rata cost contribution in respect of the programme is fully covered from existing cash resources.”
This is good to see. Just hoping a JV deal gets done end Nov now for Blyvoor to get some cash through the door and avoid any need to go to the market for funding. This plus general cash burn on ridiculous salaries isn’t small.
Please please please LC pull something out of the bag and “on time” for once in your life!

No need for you to be on here MB stirring up whilst ****gi*g Avct off on ODX. We’re all here to make some money and hopefully at the same time help fund something that will get us out of this mess. Just stay over there and wish you luck with that investment. There’s enough planks posting dross on this board without having someone playing for for tat stirring up pointless debate....it’s not a competition, plenty of room for all.
Vaccines near term are all an overhyped media farce - testing will be around for a good while yet!

Blanket deramper and disruptor.......done very very badly allah4uk. Pleb

Haha Joyus are you LC in disguise and just let the cat out of the bag as to the real reason for the "Covid delays"??

We'll probably be able to tell by the PMDR dealing new tomorrow again how many he managed to get, shares are in sticky hands here and his buying decreased day on day.