RE: Breaking 3p mark2 Sep 2020 08:35
Well said PD
1.3 million oz and still sub 8milmcap.
"The strong levels of interest we have received from no less than 14 parties keen to provide project level financing to support the construction and development of the Blyvoor Project is a clear indication of its value potential.
"Whilst we have always been comfortable alongside our JV partners with regard to our ongoing partnership, we recognized that many investors wanted some clarity as to Katoro's exclusivity position after the expiry of the June 2020 project level funding deadline caused principally by Covid-19 disruption and the extensive interest from third parties. In response we have agreed a formal extension to 30 September 2020 which we trust will address concerns investors may have with the security of our position in the Blyvoor JV.
"Our primary responsibility remains to ensure we identify the best possible partner(s) and funding option(s) that will best support and realize our JV goal of delivering significant near-term revenue generation within a very aggressive timeline."
https://www.pscp.tv/w/1yNxaBVPAAqKj
"Without getting myself into hot water, by divulging into information that isn't already in the public domain yet, I can confirm we are making good progress on the funding side. Things are progressing quite well, and we continuing to have very constructive and very productive engagement with a number potiencial funders. That process i must say I am very pleased with, the progres that we've be making especially in the last couple weeks, it's always a challenge to get something like this up and running, to get it going from the moment you decide to do it. We've been inundated with approaches as we've said in the past, and as we've communicated with the market aswell, we are pursuing a quite number of these initiatives at this moment, and as iv said just now, making really good press, I'm very satisfied with the progress we are making"
"Still on target, still on-time, confident we will meet our deadlines from a funding and from a operational point of view"
Unless LC is directly lying 4 weeks out we can reasonably expect to be sustained at higher levels after the deals conclusion. 30-35 million
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