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The thing with 88e is I guess is whether this placing will be a bit like when PANR raised 22m last May and everyone was annoyed as they raised on the lows... so then the SP drifted down further..... then when good news finally landed the SP was so low at that point its flown back up 200% recently.

Hard to say, but I'll be following it closely.

Either way.... they still keep being given the money.

Raise, raise and raise again. :-)))

Must admit that made me chuckle

He is right though..

It's a good start and they have lots of targets to go at.

Ultimately they will need to focus on the very best prospects and then start to do some definition drilling to work up an initial Maiden Resource Estimate.

Once they have that initial JORC resource with further exploration target upside will should firmly underpin the share price at far higher levels.

ORR managed to model up their initial resource of 375,000oz Au from a fairly modest drill program of

Just 6,685 metres of drilling across 54 holes. With a 1km strike length to a max depth of 264m.

Since they modelled that drill data from the 54 holes into an initial pit shell model and set out how they hope to repeat this again it has really helped to push the SP up over the past 6 months.

If BT can work towards identifying a number of potential pit shells and then just get one modelled up with the prospects of further multiple zones to develop the SP will take can of itself and many other funding options will open up to expand the company at scale.

Https://zakstraderscafe.com/rns-hotlist-april-23-avacta-baron-ben-ecr-88-energy-helix-orosur-power-metal/9207/

Warrant accelerator up at 0.5p will release further cash into the company & will be just over a 5 x bagger initially from the present SP so should be the first target here for holders.

It shouldn't take much volume to see a 1m m/cap cap zoom up to 5m m/cap once news starts to land.

Thanks for sharing @Prof1.

> Our neighbours in Tanzania 'Lifezone metals PLC also have a undeveloped Nickel Sulfide Deposit.

They listed on the New York stock exchange just last year and trade around the £600m market cap level.

https://nickel.com/news/lifezone-metals-surges-on-new-nickel-discovery-at-kabanga/

Their Kabanga Nickel Sulfide Deposit shows the potential in Tanzania for a truly global scale tier 1 deposit discovery to be made.

Work at Kataro's Haneti project (Nickel, Platinum Group Metals, copper, gold, lithium and rare earth elements has only scratched the surface, where very early stage exploration has revealed an 80 km long ultramafic belt with grades from surface sampling of up to 13.6% nickel and 2.33 g/t combined platinum and palladium.

Should Haneti go on to prove up to be another Kabanga style deposit..

What are we looking at valuation wise?

BTW... Lifezone received their license a couple of weeks ago for their processing plant to be set up in Tanzania and are expecting their DFS in Q3 2024.

https://lifezonemetals.com/lifezone-metals-announces-receipt-of-licence-from-government-of-tanzania-for-the-kabanga-nickel-project-multi-metal-processing-facility-at-kahama/

Simply MASSIVE valuation gap to be closed here if Heneti starts to look like an analogue of the Kananga Deposit.

GLA.

Rare to see that level of personal commitment, from both domestic life, and financial point of view.

Hard to argue that he isn't all in and full skin in the game.

Good to it it starting to pay off

David,

I noticed you over in KAT.. smart move.

Paul Johnson and Gervaise Heddle (the old GGP crew) are both getting involved in Katoro.

I've done well following GH into GGP & ONDO & GSCU.. ...all have multibagged

No idea who the new KAT CEO is going to be.. but market is unaware of this little 1.4m market cap company as they've done no media for over a year whilst restructuring the business

Recent oversubscribed cash raise at 0.01p and cash held basically covers the full market cap and suspect a new exploration asset(s) is about to be transferred into the comp in exchange for some shares, then new ceo then a load of PR etc.... then whoosh.

Warrant accelerator up at 0.5p would release a further £1.25m cash & would be just over a 5 x bagger (500% rise) 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. Gervaise Heddle & PJ.

Once news lands, no chance picking them up this cheap.

Could easily be a 10 x by June from present levels.

GL.

@Dai

I just started buying a few tranches last week.

Tro had mentioned them previously and I was waiting to see if there would be a temporary dip below the 1p placing and there has been and then Tro called the floor last week so I have started to add a few tranches to get a position ahead of news.

@Kev... I agree.. most of the recent spin out of assets from POW are capitalised at £10-15m market cap.

So if PJ has already identified something to transfer into KAT it looks good to me for a few bags also.

Like the fact his old mate Gervaise Heddle from GGP is happy to load up at 1p also.

Base Resources and Energy Fuels have reached a binding agreement for Energy Fuels, a US-based uranium and critical minerals producer, to acquire 100% of the issued shares in Base Resources by way of scheme of arrangement.

Base Resources shareholders to receive 0.0260 Energy Fuels common shares plus an unfranked special dividend of A$0.065 for each Base Resources share held, equating to total consideration of approximately A$0.302 per share. Represents a premium to Base Resources' last closing price of 188%, and a premium to the 20-day VWAP of Base Resources shares of 173%.

@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.