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Yup, the endless moaning by certain posters basically kills this board. Stifles any chance of discussion or debate. That said, the company is a basket case.
LOL.
It's a platform with a history of bots, insider trading, use by terrs and nefarious regimes.
Valid criticism out in the open is hardly "grinding axes" - any geo worth their salt should know that...
But sure, go ahead and carry on with the Confirmation Bias at the expense of valid questions by cynics who've already been relieved of the hard-earned by over-promising and under-delivering...
It’s generally pro KAV & moderated whereas this board attracts a group with an axe to grind.
Https ://t. me/ kavango
for anyone who hasn’t joined the official telegram.
*************kavango
Near term cash generation will be modest $1-2m but it all adds up and contributes towards exploration. CEO is now Zim based & that’s the real focus for KAV.
If they find commercial grades at Karakubis KCB when drilling starts in 1-2 months then it has the potential to be very large but let’s not kid ourselves there is risk and even the likes of Sandfire have struggled at times, in KAVs favour is the regions expert Dave Catteral is leading the exploration.
Zimb gold efforts is nothing more than an attempt to keep busy and generate cash flows whilst the copper exploration work is undertaken. Copper and Lithium are the 2 metals presently flavour of the month, as evidenced in discussions at Mining Indaba last week. There is a lot of activity in Botswana currently exploring the KCB - someone will announce the next Big Find.
That's the roll of the dice right there.
Agree
Kavango is a horrendous investment
There are so many better companies to invest your money than this dreadful company lead by fools who have destroyed the share price
Hi JP2000
My view is that like all KAV's / POWs (I tend to still link them as they share similar MOs and likelyhoods of success) it's another pie in the sky conceptual thing that will be an exploration money pit. Having spent a lot of hard-earned drilling belting CSAMT etc. anomalies in the past to find the quare route of SFA, my personal view remains that this is all a stretch, like the graphite in the KSZ we postulated and some sneered at...
So there's always the chance it COULD come up with a belter, but the likelyhood is it will be another shareholder loss whilst funding the Zims lifestyles and tax free wedges.
Would love to be wrong, but don't think so: will pop by and admit it if proven to be, but all in all another bunch of money pits.
All IMHO, DYOR and most importantly given the last few years when it's never come about - GLTAH.
News incoming?
Nice one swamp 😂
Swako: what's your view on Karakubis?
Sorry, should have read "lead turkey"
"So they will have plenty in the tank for 2024 and there is also the possibility of revenue from Nara."
KMRIA!
Knowing how southern African artisanal plays go, this must be a contender for "Quote of the Year" ....
Seems to be going down like a Pb-turnip
All IMHO, could be wrong and DYOR.
Yes, nice to see some decent buys coming in. It won't take much buying for this to move up as most of the stock is tightly held and there isn't much liquidity at these lower levels. BT has certainly been talking up what they have seen so far with the drill cores at Zim, and also the prospects of early revenue, so let's hope the results back it up, when they eventually land. All imo and GLA
We need spreadsheets just to keep up!
Some nice volume and seller holding fire so share price on the up today
JP the KCB licences have been acquired for £1.3k, of which £750k has been paid, and the remaining £500k will be paid within 6 months is my understanding. So they will have plenty in the tank for 2024 and there is also the possibility of revenue from Nara.
Thanks for the responses guys, continued my research this afternoon, I certainly see some positives from here. Legalwolf I've gotten distracted whilst researching KAV on X wondering if you're Andrew Neal ?
The starting point of £6m is wrong because it was basically 4.5m as of Nov. Then they acquired ENRG'S KCB licences for cash, can't recall cost was in region 1.5m-2m. Hillside is c$500k +shares although this has been delayed 3 months. Nara is more expensive but option has 18 months so not a current cash flow. On-going drilling likely $200-300k per month whilst drilling. KAV will have central overheads c100k/mth. So KAV can probably get away with late summer/early autumn before cash runs out.
Hi Jaybike - I think you are on the right lines with your initial analysis on KAV. The cash position was £1.5 million as of June 2023 and by October 2023, a further £4.6 million was raised from Purebond. This leaves KAV fully funded for all of its currently planned activities in Zim and KCB. For a fuller breakdown of these activities and costs, see page 10 of the Prospectus.
In terms of current drilling at Zim, the most up to date information is contained in the recent RNS and Stockbox interview:
https://www.lse.co.uk/rns/KAV/drilling-extension-at-hillside-pbwummwrol8otvv.html
https://www.youtube.com/watch?v=6yiqyJrT3S4
As for KCB, we will have to wait until Q1/Q2 period to learn about the drilling programme at Karakubis.
In this most recent interview, BT has talked about "the imminent cash flow generation opportunity" coming up at Nara, from processing the dumps there, where KAV are excitedly awaiting the results. There's also the mine redevelopment being completed by Pambili, in which KAV have taken a strategic stake.
I think this is a great entry point for all the newsflow and opportunity coming up here. There's not much liquidity at these levels either - just try buying in large amounts and you will see. All imo and GLA
So the purebond £6m investment at 1p a share is from an Indian family by the name of Kansagra which appears to be 2 brothers but below the surface it's a considerable family business consisting of around 120 companies in many different sectors. So we can probably expect them to number crunch, stay out of day to day running of the business and expect the company to get to mine asap. Reminds me a little of QGlobals investment in Marula. These juniors with funding at this stage of the cycle can often be low hanging fruit.
At todays price you're getting to piggy back on the Kansagra family's £6m at a 35% discount to them and hopefully no dilution until a JV or self fun small scale depending on how they want to proceed.
Looks like there's roughly 60% of the shares tied up in directors hands. Looking at the SP the majority of the remaining 40% will be underwater ( sorry LTHs that's the small caps in general atm) so other than a possible further slight trickle down in SP due to macro environment.
POG continues to strengthen.
This could be set to come good here when things turn
Hi LW and others , what's the cash situation hear do you know ?
Just having a look over things it appears that a major dilution has already happened at a reasonable price to the SP. POWs shares 5% gobbled up by a director off book.
Zim looking like it could be potentially mining friendly over the coming years ( as good as you can see when looking through a glass onion )
The prospectus from October is stating £6m raised, what's left of this £6m ?
It looks to me like there's 2 drill programs going to be run in tandem? Do we know how many drills for each site ? How many holes planned? Can anyone post any links to any historical drilling in these two prospects?
Sorry for all the questions but if people here can cut down some of the long grass for me first then why not right, isn't that what a BB is for ?
Thanks in advance
Jay
Arc Minerals (listed on ASX) recently put out an update on their drilling on KCB. Early doors but sounding positive.
Other names I have come across are:
Virgo Resources - part of Galileo Resources I think
MID Resources
African Pioneer plc
Equivest
COBRE - being drilled by Mitchell Drilling Services (hmmm)
Anybody know of any others please ?
Some decent buys coming in. I think most can see that KAV have timed this move into gold really well, given the macros and POG. And the cheap entry point for the "lots of drilling" that KAV are doing at Zim and KCB in 2024.
Not many shares will be left at these levels soon. Get them whilst you can.
Guys I dont disagree with you re the previous BS and lack of results. But Purebond has put in a big wad of cash at 1 pence - and I suspect there is a game plan around how they exit their investment. Any views on what / how that is ?
My logic tends towards proving up Copper in Botswana and sell this to a major player (think Khoemacau and Sandfire mines). With Zimb being a low capex, high return generating decent cash flow while they wait on Botswana to work through the environmental hoops and loops. BT needs time to fall over his own feet - I dont see Purebond calling time on him for quite a while yet.