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He bought Power Metals holding.
Have I got that right?
That's a signal worth taking note of.
Well trade was executed on the "open market". If you had wanted to buy 9.5m shares you could have instructed your broker to bid all the holders for that amount.
If you want a share price reaction then you need to wait to see who them and who bought them. Just maybe there is more to come.
Someone forgot about their pending order!
..result was share price was unchanged from that transaction
Well, if those shares were bought on the open market in a single or series of trades it would have pushed the share price up 10-20%. Somebody has got mates rates & the result was no
So why do you think it outrageous?. If 65% is in tight hands it cant be too difficult to work out where the stock has come from.
Be interesting if news lands next week.
GLA
Yes, I was thinking that myself. Made me wonder whether it is an open market transaction or how delayed it has been? Ridiculous given that the at market quote is 0.84 for £1k!
Its outrageous, one city rule for the rich another for the plebs, how is it possible to amass that size trade when we're told 65% of shares are tightly held, without SP rising?
9.5 million buy gone through at 0.8p. That's some fill!
I wonder if they have hit something already?
Just been quoted 0.84p for £1k now. This is about to pop/breakout to the next level.
At this rate, there's every chance we might get to 1p just as things are. Price is ticking along nicely, and just been quoted 0.85p for £5k, suggesting it won't be much longer before the stock in the 0.7s is soaked up. If we get to 1p without news, then that's an even better launchpad for any positive RNS to land into from this Zim drilling.
Karakubis is an interesting one, originally third on KAV's KCB target list but KAV's new KCB guru prioritised over the others which were significantly more advanced. Then KAV adds neighbouring licences & drill results from ENRG which I've said was a great strategic move but its eaten in the second tranche of Purebond cash. KAV have committed to 4 holes for a proof of concept and if successful then KAV really ought to prioritise because its probably the most attractive to large corporates like Rio and Sandfire (or even the Chinese). A $30-50m payday is probably 18 months away but it would be transformative and fund the Zim projects.
I agree with the general timeframe. To be honest, I'm as excited by Karakubis, as I am with this Zim drilling. The latter shades it only because of the expected rise in the POG over the next quarter, which makes a project like Zim all the more timely and exciting, and any early gold strikes will be much better received than say if it was this time last year, for example. All imo and dyor
KAV are keeping the campaign low key at the moment, give it 4-6 weeks to see what the mood music/body language is. Drilling will continue to mid Dec, break for Christmas and resume mid Jan. I see Jan/Feb as key months with news on Hillside & Karakubis to move the share price. Can see the share price in range 0.8-1.1p over next month.
Is KAV starting to stir and catch this gold rush? Latest tweet from BT (copied below) suggests some positive gold news could land here fairly quickly. Last few trading sessions to get in here in the 0.7s me thinks. All imo and dyor
"We’re underway at Hillside. Our #gold exploration strategy in Zimbabwe is simple
We are looking to explore projects that have multiple high-grade gold zones & untested potential for bulk-minable deposits. The “secret” is the material between each zone. If that has enough grade…"
Updated broker's note contains the following:
"With net proceeds of £5.9m at its disposal, Kavango Resources is now probably one of the most well financed micro-cap exploration companies listed in London."
"Since the middle of July this year, the shares have traded below the 1.0p placing price and continue this pattern today after the issue of second-tranche shares, with a discount of around 25%, at a bid-offer quote of 0.70p-0.75p. Pricing anomalies such as this do not last for long. We therefore recommend investors take advantage of this short-term buying opportunity to invest in a well-funded exploration company that now has the financial resources to advance its projects in both Botswana and Zimbabwe. Moreover, the prospect of near-term revenue generation from the gold tailings Nara interest provides an extra dimension to the situation."
And it's good to see the decent buys coming in now in the 0.7s. Hopefully there will be decent early results coming out of this Zim gold drilling. GLA
I'm in. If (when) KAV makes a discovery, this will fly. They appear to have their ducks in a row, and have very strong financial support.
if the reason purebond is buying a significant to controlling interest in kavango is because of zimb drilling, then yes this share is heading to the drain. their money is being used to buy the licences next door in botswana, presumably due to dave catterall interpretations.
i have absolutely no doubt there is lots and lots of gold lying around in zinb at shallow depth etc. and easily enough (although somewhat inefficiently) recovered. but if anyone like a kavango resources found a bucket load of precious metal of any description in zimb, rest assured then your troubles are only just beginning. they would come after your licences, your unpaid tax, your not employing enough local labour content, basically any old *******s excuse they could dream up just to sabotage / take away your business.
i have stopped counting the number of times africa countries and projects do this to exploration companies who simply do not have the balance sheet to fight back, stay the course and win their case. t i a - for a reason.
Purebond are not stupid. This is the perfect time to be backing KAV's gold ambitions in Zim. This is not wild cat drilling, but drilling deeper into projects that are known to have gold already, with historical mining of that gold, but completely under explored and little to no drilling. KAV believes the projects have the potential to host bulk mineable gold deposits and are looking to prove up the size of the resource in each project area. The ambition is move quickly from explorer to producer. If any of these Zim projects comes off in the way they hope, it will be massive for them.
Purebond will see the size of the prize on offer here, even before you get to the KCB. Just needs a positive RNS update from Zim (and I also don't think it will take anywhere near 3 months to get lab results back). Load up time remains at these low levels.
Better tell Purebond...
It looks like the company is being drained of its value imo through hiring highly paid directors and technical employees bit by bit until the money is finished.as for drilling they just drill any where to keep share holder speculating and happy.
Yes and XRF analysis could be done immediately and would be enough to make a decision on the option. They wouldn't be dependent on assay results.
Et another negative post JP2000😴. Have you ever heard of extending option periods? Happens all the time and why would the vendor not agree to it given that they can see the progress being made by KAV.