Kat knock-on effect of Kibo!!!26 Sep 2020 12:34
Katoro Gold (KAT) added to its recent bull run with another 10% gain following this week’s interim results and news of a 1.34m gold tailings reprocessing contract. However, of perhaps even more interest to traders is when the knock-on effect of Kibo Mining (KIBO) owning 29.7% of rising Katoro, will start to kick in. Kibo Mining has been one of the last mining minnow dominos yet to rise, in this case through 0.3p. Speculation is that the overhang in the stock is set to break imminently, boosted by the rising value of its holding in Katoro.