RE: Haneti2 Mar 2022 18:21
£12/13k and the price moves to 0.8 - imagine what a few £100k will do to the share price. What value has been sold since KAT was 2-2.5p? Any hit on these Diamond drill assays and it will be fun!
…..assay testing (for nickel, copper, platinum, palladium, cobalt, chromium and gold) at SGS Tanzania.
The Haneti Project is held under a joint venture, where the Company holds 65% ownership interest and 35% held by Power Metal Resources plc (LON:POW)("Power Metal").
Note the assays haven’t been sent to South Africa or Australia. They are in the SGS lab in Tanzania! Means the turn around is a lot quicker than most will anticipate.
Also note:
Dated: 15 March 2019
Katoro Gold PLC ('Katoro' or the 'Company')
Investment and Option Agreement with African Battery Metals
ABM is now Power Metals (POW) under the CEO Paul Johnson. ABM will also be granted 2,500,000 warrants to subscribe for 2,500,000 new Ordinary Shares at a price of 1.25 pence per share with a three year expiry term from today's date.
15th March 2022 these 1.25p warrants expire and it will be in KAT and POW’s interest for the assay results to be realise in the next week or so and the share price to be closer to 2p to exercise.