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@LW
Not sure if you heard the Sunday roast podcast over the weekend?
Ben Turney was getting a lot of praise for the work he has been doing to advance KAV.
Take it you guys all fully out of 88e?
I've been taking a look in Katoro (KAT) that Tro mentioned last week.. looks a good opportunity to me.
Paul Johnson and Gervaise Heddle (the old GGP crew) both getting involved
I've done well following GH into GGP / ONDO and GSCU.. all have multibagged
No idea who the new KAT CEO is going to be.. but market is unaware of this little 1.3m market cap comp as they've done no media for over a year or so as far as I can see.
Recent cash raise and cash held basically covers the full market cap and suspect a new exploration assets is about to be transferred into the comp in exchange for some shares, then new ceo then a load of PR etc.
Warrant accelerator up at 0.5p would release a further £1.25m cash & would be just over a 5 x bagger from the present SP and wouldn't take much volume to see a 1m m/cap cap zoom up to 5m m/cap.
Especially with the backing of 2 (or possibly more) of the old GGP crew in there.
Trading just under the recent placing at 1p.
Have posted my thoughts on the BB and no one else on there atm, so probably a bit like KAV was when it was 0.6p and was just waiting on a whiff of interest & PR and it's doubled already.
A steady re-rate over the session = healthy for the SP.
1.44p paid now....
1.4p paid now.
Ticking up
A $36 Million+ contract win.....
Isn't that like 900% revenue growth.
That's a huge amount.
> New CEO incoming.
> New resources to be added
> additional cash to be realised from LV
> Company & BOD overhaul as Katoro Global.
> Listened to PJ on SR expressing frustration about not being able to mention upcoming news until sign-off/ event crystallisation?wonder what he was referring too?
> talk of resource play 10 x bagger opportunities? Wonder who they were referring too?
Expect once new CEO is in and new structure in play with new licences added into the mix we will see a raft of media and press coverage.
Transformational / company changing news inbound imminently
GLA.
@Saigonsally
There is supply and demand.
But in the metals market, there is also production & Inventory
Inventory is also broken down further into the inventory that the miners have to supply to market and inventory held by the market.
When inventory levels are running in continual net deficeit YoY eventually they reach the stage where demand is unable to be met from inventory held by the market and there will be a supply shortage and prices will rise.
For example....
in a major supply shortage, metal prices would have to continue to keep on rising until sufficient deposits that were once uneconomical to mine at the prevailing spot price eventually become economical to mine at whatever that price may be to bring these into production.
In the commodity space the price swings can be dramtic as we have seen recently with Uranium (400%+ rise in spot prices) where it became obvious that the price was going to have to rise considerably for miners to continue to make a profit and meet both present and future demand expectations.
New JV for Havieron at some stage with Wyloo / Fortescue with some debt and equity.
Get control of Havieron sorted and Telfer will naturally form part of the mix with Newmont looking to divest.
If Newmont want to step away from the liabilities of the future wind-down costs of Telfer mine throwing in the processing plant at Telfer as part of the deal for nil consideration might well be an option on the table.
Certainly going to be an interesting next 12 months ahead.
Closest Sector Peer Analysis
> Katoro Gold - Gold resource c.1.8million oz held across its licence areas. Recent cash raise of £825k at a premium to today's share price with highly respected investors such as GGP's Gervaise Heddle.> Market cap = £1.38m
Oriole Resources PLC - c.530,000oz Gold across 2 projects. JV in place and recent cash receipt of £500k > Market Cap = £13.66M
Cora Gold Ltd >920,000oz. Gold resource - currently waiting on Mining licence from Mali Government so at a impass and unable to progress > Market Cap = £ 10.05M
I could list a further 20 junior exploration comps that are yet to define any resources with market caps that are 10 x even 20 x times the market cap here. But I have selected two African based juniors with defined Gold resources that combined are less than the Gold resource held by KAT yet both have market caps that are 10 x times the market cap here.
A 10 x re rate in the share price here will start to fairly value Katoro against its neatest sector peers.
Katoro Gold PLC is a United Kingdom-based precious minerals exploration and development company.
The Company’s projects include
> Blyvoor Gold - 1.3 million ounce Gold resource
> Haneti - Nicklet, PGM's & Gold.
> The Trans Namibian Mining & Minerals (TNMM) Iron Ore.
> Imweru Gold - 515,110 oz Gold.
The Blyvoor Gold Mine is located approximately 75 kilometers (km) southwest of Johannesburg in the Gauteng Province of South Africa. It lies approximately six kilometers south of Carletonville.
The Haneti project is located in Tanzania, which comprises tenements (prospecting licences, offers and applications) prospective for nickel, platinum-group-elements and gold. It covers an area of approximately 5,000 square kilometers in central Tanzania and forms a near contiguous project block.
The exploration of Haneti is carried out at two priority targets, namely Mihanza Hill and Mwaka Hill.
The TNMM Iron Ore project is located in the Karas region of Namibia.
The total Mineral Resources stated for Imweru, established in accordance with the JORC (2012) Code, consist of 11.607 Mt at grade of 1.38 g/t for a Mineral Resource of 515,110 oz Au at a mineral resource pay limit of 0.4 g/t for the open-pittatble material and 1.3 g/t for the underground material, which is within Prospecting Licence PL6284/2009
Following on form Speadie's post
The below YouTube video perfectly describes the situation
https://youtu.be/-l-xiRCbJn4?feature=shared
Strategic resource investor Michael Gentile believes investors are being offered an historic opportunity in Gold Stocks right now.
it's been a great couple of weeks here.
progress in the right direction and folk trading around the news events is all normal activity.
long term all is shaping up nicely and if a few have sliced some from the sub 0.16p buys to buy a few beers tonight and celebrate a milestone event fair enough.
we are all looking forward to not one.... but possibly two jv's on the horizon for this year and its what's in the ground that counts.
the assets here are solid with potential for significant upgrades & upside as things progress.
han**** – jorc compliant resource of 8.4mt @ 60.3% fe dso, including an upgraded indicated resource of 4.5mt @ 60.2% fe. the maiden ore reserve is 1.9mt @ 60.2% fe.
pinderi hills – 184km2 of consolidated tenements in proven base and precious metals country with multiple deposits that are prospective for nickel, copper, platinum, palladium and rhodium, silver and lithium
elizabeth hill –
australia’s highest grade silver mine
munni munni – one of australia’s largest unexplored pgm assets containing a historic resource of 2m+ oz pgms.
brockman – huge exploration potential with dso grade grab samples at surface
vivash gorge - borders large iron ore deposits with limited modern exploration
-
personally can't wait for a rig to be back at eh as the silver price is once again looking strong and heading for $30/oz (just like it did last time ufo ran up through 2p+)
https://www.kitco.com/charts/silver
who knows silver could be north of $30/oz+ by the time the next developments at eh are made public and the economic case just strengthens further.
remember....last time eh was mined, the price of silver was just $5/oz!
all looking good with plenty more news to come.
gla.
Tro,
I nearly grabbed a few ARCM yesterday at 1.66....
Took another look at REE as their copper licence they have just optioned sits smack next door to ARCM.... but REE don't have any cash, none.. think they are down to their last 50k so they ain't gonna do anything with that.. its on watch list as if they either get some money in or do a JV it could piggy back on any success at ARCM... maybe they plan to just sit on that license and wait to see what Anglo American turn up as they have committed the cash on ARCM's license.
It just needs some news on getting drilling moving.
I told my misses that she reminded me of a geologist......
"Why's that she said"
-
Because hunni, you're always digging up the past :-)))
🤣🤣
The company should really have got that RNS out yesterday
Some knew before others that this was about to land.
guy robertson, executive director, commented:
"this is a further significant step on the pathway to production for the han**** project. the company has made significant progress and is now in discussion with various parties regarding the required development funding. the technical team is currently focused on mining proposal submission and environmental assessment. it continues to assess strategies for increasing the existing resources and reserves which is expected to significantly increase the value of the project. in addition, the company will proceed with necessary heritage clearances
Sounds like there is further resource upgrade potential from the middle of the ore body where there has been to date less focus on resource expansion drilling and modelling.
Paul Johson and Gervaise Heddle getting the old GGP band back together here now.
I wonder who else from the old GGP crew might also be looking to get involved.?
Might we see Calum Baxter or Sam Garrett get involved also.
Great to see the original Greatland Gold crew getting back together again here
GLA