Member Info for ogm4

Correct me if I'm wrong but the agreed retained 1.5% Net Smelter Royalty ('NSR') of 515,000 oz Gold at Imweru would be another 13 Million USD cash in Katoro's coffers at the current gold price of 1687 USD/oz.

That's a nice financial support from a previous Asset they don't need to maintain/finance any longer.

Katoro Gold

@KatoroGoldplc

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3 hrs

#KAT #Nickel ????????????

Indications that Haneti could host a chonolith type nickel sulphide deposit

Synergies with Glencore/Barrick's Kabanga nickel sulphide deposit (~58 million tonnes @ 2.6% Ni) located, ~ 670 km to the northwest of Haneti

https://buff.ly/2IJRMK2

and with an existing 1.34 million ounce of gold Blyvoor alone is currently worth nearly 2.3 Billion USD !

Gold again up today climbing towards 1688 USD/OZ, an increase of +2.5%

Good find !

The company seems to be rather active recently on twitter, more news due soon ?

the bid seems to have increased

Remember on Blyvoor production could take off rapidly:...

The Project already has in place the requisite mining licence and environmental impact assessment ('EIA') for the reprocessing of the Tailings, allowing production to commence immediately upon commissioning of the processing plant.

And also:

"Our initial objective is to rapidly secure the project level funding required to construct and commission the plant to reprocess the Tailings in order to start generating revenues.  I must emphasise that this is financing at the project level and does not represent dilution at the Katoro Gold plc level. 

 

"In support of this, the necessary approvals are already in place, including a mining licence and EIA, meaning the JV is poised for immediate action as soon as the project funding has been secured."

 

With gold on the rise and Blyvoor progressing well, it's a no brainer at 3M mcap imo

Indeed, it looks like the same message as in the RNS, but it is about publicity.

In fact the company has sent out a number of tweets so far this week, expressing confidence imo.

Katoro Gold

@KatoroGoldplc

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2 hrs

#KAT #Gold ?????????? ?????????????? ???????????????? ???? ???????????? ???????????????? ?

@KatoroGoldplc

announces that it has agreed the disposal of its Imweru gold project for a total staged consideration of US$1.0 million & a 1.5% Net Smelter Royalty

Katoro Gold

@KatoroGoldplc

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3 hrs

#KAT #Gold ???????????????? ???? ???????????? ???????? ?????????????? ?

@KatoroGoldplc

is pleased to announce that it has agreed the disposal of its Imweru gold project for a total staged consideration of US$1.0 million and a 1.5% Net Smelter Royalty https://buff.ly/2USEMbd

Some predict gold to go up to 1800-1900 UDS/oz levels next year / 2021:

https://investinghaven.com/forecasts/gold-price-forecast

https://gov.capital/commodity/gold/

https://longforecast.com/gold-price-today-forecast-2017-2018-2019-2020-2021-ounce-gram

Some predict gold to go up to 1800-1900 UDS/oz levels:

https://investinghaven.com/forecasts/gold-price-forecast

https://gov.capital/commodity/gold/

https://longforecast.com/gold-price-today-forecast-2017-2018-2019-2020-2021-ounce-gram

And remember Katoro is still progressing the Blyvoor tailings JV project of 1.34 million ounce of gold currently worth well over 2 Billion USD... mind boggling !

"By combining Imwelo and Imweru, the Board believes that Imweru has a greater chance of being brought into production, potentially in the near-term, thereby providing a revenue generative opportunity for Katoro through the NSR. This will require no further funding or managerial time requirements on Katoro, which is important at this stage in our business development.

"Freeing up our financial and managerial resources will allow the Company to concentrate on the Blyvoor Joint Venture ('JV') project, which is focused on the reprocessing of an existing c.1.34 million ounces of gold JORC compliant tailings resource, and the Haneti nickel, platinum-group-elements, gold and lithium project, which the Board believes has substantial exploration upside potential."

Divesting Imweru but still retaining 1.5% profit without any further cost to Katoro makes sense to me.

two months ago this was doing around 3.50p

Not bad at all for a 3 MM mcap company !

Imweru sold for US$1.0 million
1.5% Net Smelter Royalty ('NSR') royalties on all gold at Imweru produced
Haneti 75% interest
Lubando 100% interest
Blyvoor JV interest
Company can now move forward with all focus to the Blyvoor JV and Haneti projects

gold currently up $1652 USD/ozt

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Anti IL-6r

We are developing a fully human monoclonal antibody (mAb) targeting the receptor for IL-6. This asset was in-licensed from Novimmune in January 2017.

IL-6r mAb has a novel mechanism of action, binding to both the membrane-bound and soluble forms of the IL-6r, blocking the IL-6/IL-6r complex as well as depleting circulating levels of IL-6 in the blood.

Excessive production of IL-6 is regarded as a key driver of chronic inflammation, associated with autoimmune diseases such as multiple myeloma, oncology indications, severe acute respiratory distress syndrome (ARDS), lupus, autoimmune inflammatory diseases and rheumatoid arthritis. We believe that TZLS-501 may have the potential therapeutic value to fight these indications.

In preclinical studies, TZLS-501 demonstrated that its novel mechanism of action has the potential to overcome the limitations of other IL-6 blocking pathway drugs.

Tiziana’s anti-IL-6R mAb binds to both the membrane-bound and soluble forms of IL-6R and rapidly depletes circulating levels of IL-6 in blood. Excessive production of IL-6 is regarded as a key driver of chronic inflammation and is believed to be associated with severe lung damage observed with COVID-19 infections and acute respiratory illness. China’s National Health Commission has recommended the use of anti-IL6-R mAbs for treatment of inflammation and elevated cytokine levels (“cytokine storm”) in COVID-19 patients. A recent study also reported that COVID-19 infection caused clusters of severe respiratory illness like ARDS.