Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Ben Turney, CEO, Kavango Resources will be presenting and taking live Q&A at focusIR Investor Webinar on 14th May. Please register here.
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Https://www.mmegi.bw/features/govts-big-plans-for-a-railway-revolution/news
Copper gets a mention (Iron ore also - where is that deposit(s) i wonder. These types of infrastructure are vitally important if Botswana is ever to develop into a significant market economy / opportunity. Long way to go sadly.
Https://www.mmegi.bw/business/mdcb-targets-1bn-investment-portfolio-by-2028/news
MBCB are the investment arm of Govt of Botswana. They have been very quiet in recent years investing in companies and projects relevant to Botswana - I think largely because the Govt has been pretty broke (raided during the Khama years, then covid years, and slowly picking up now). But if they have money to invest, and KAV can show exciting copper resources / reserves, this is a door KAV can knock on cap in hand. There is also the Botswana Public Officers Pension Fund (BPOPF) who could invest directly in KAV or one of their many Asset Managers could allocate some of their BPOPF portfolio to KAV.
BPOPF recent commentary:
https://www.mmegi.bw/features/inside-bpopfs-plans-as-billions-drift-back-home/news
But Ben and team needs to demonstrate copper showings first.
Last few days to get in at sub 0.7p me thinks. Should start to get assay results through from Zim, as well as newsflow re KCB as they start to prepare for Q1 drilling at Karakubis.
Should be an exciting first quarter of 2024 - hopefully. GLA
Ben outlined the reasons for Purebond’s £6M investment and detailed the investors behind Purebond, along with his plans for utilizing the funds.
https://twitter.com/Share_Talk/status/1736447849712308489
Having access to capital in the current market must put Kavango in a very strong position! Plus let’s not forget the people behind the capital, brothers, billionaires, British-based.
https://www.share-talk.com/ben-turney-ceo-of-kavango-resources-lonkav-talking-about-the-6-million-investment-from-purebond/
Zim gold is sounding promising and results will land before Karakubis drilling commences. Good time to be in the stock.
I'm losing track of the presentations so are not necessarily quoting the latest one, "Q1" has been mentioned several times. What does this mean? Nothing starts until mid Jan at the earliest but my best guess would be last week in March, the reasoning is they're running a regional AEM survey which is a big area, it needs number crunching and then analysing with the other layers of data.
The KCB isn't quite as prolific as investors might expect, Sandfire are spending $25m/year and are not finding new zones. KAV's PL082 was a disaster and PL036(??) was quite advanced and near drill ready but Dave Cattrall has focussed on Karakubis, if it comes off with multiple dome structures then its worth +£100m to KAV so 7p/share at current capital structure. I'm not saying 2000m of drilling will result in 7p but to say there's significant upside with a distinct possibility both RIO & Sandfire will want that ground.
I will listen when I get a chance, but did BT say when they will be drilling at KCB again in any of his recent investor events?
I agree actions/outcomes will be the key share price driver and "assays in the new year" will be one example. That said there are a group of people on here deliberately de-ramping for the last 18 months and I doubt they hold shares. I don't mind constructive criticism but the majority are looking for positives.
You say same story so long never happen what you say. Share price never go up? Still below 1p? Why? No one trusts and no one want buy? Maybe BT can fool some people some time not fool all people all time?
How do you explain the huge Director Buys then? I think they have genuine confidence in making progress from here.
I agree Layla and Pauly. He cannot be trust any longer. Investors now need hard proof not his BS stories. Sorry to say this but is true.
We caught up with Ben, and our first question was what investors should focus on going into 2024.
https://www.share-talk.com/ben-turney-ceo-of-kavango-resources-lonkav-talking-with-zak-mir/
Agreed layla1. He has been hyping up nonsense for many years and I am still waiting for the 20pennce Xmas present he promised a few years ago.
He cannot be trusted. Only hard facts now.
At least anyone buying here are 25% better off than all the big investors who recently piled in at 1p. As per the video report £600k bought by the directors at 1p. Im happy at my entry point at these levels.
Unfortunately no amount of enthusiasm and hyperbole by BT will sway investors. He's overplayed it too many times and because of this, physical definitive facts are the only thing that will cut the mustard.
Almost if of the century JP but we'll see.
It's the hope that kills you and all that...
Look at the videos from Mar/Apr 23 about Ditau where he was "incredibly excited" despite KAV's own assays saying only pathfinder. The project is no longer a priority, says a lot. BT could hype a snail climbing up a wall.
For balance, there was a recent comment quoting the KCB expert as having said he'd seen more gold in samples from Zim drills than in the rest of his career put together. If that is remotely backed up by assays (BT says "new year" which probably means April and only then if he deems the grades good enough), then its happy days.
Https://youtu.be/ye3zEYQR3BE
What do people make of this pitch from Ben? I think the potential here is verging on incredible - but it is still exploration and the outcome of that is always always binary (yes or no). And no amount of positive energy from Ben can change that. I find it a little strange that Ben keeps saying they have not been talking about things until they can demonstrate drill success, yet here he is talking it all up. For sure he is on a very orchestrated pitch to promote the company (which is his job).
The impact of the gold rush in Zimbabwe
According to the United Nations Environment Programme, the work of artisanal miners and small-scale gold prospectors is the world’s largest source of mercury pollution. Gold prospectors from the Odzi River near the town of Mutare in Zimbabwe – unregistered artisanal miners – sift rocks from the river bed and colour the sediment with drops of mercury that sticks to the gold. Then, they use fire to separate the two metals. There are around 500,000 such unlicensed miners in Zimbabwe, supplying more than 60% of the gold mined in the country. It is Zimbabwe’s number one export commodity of critical importance to the crisis-ridden economy – in 2020, profits from the sale of this metal bullion amounted to US$2.14 billion.
Thus from our CEO last week:
"Dave Catterall is in Zim at the moment. He’s spent half of his career (20 years) in gold and has two further discoveries under his belt, both of which are being mined (as well as the Zone 5 copper discovery, currently being sold for $1.5billion in Botswana)
In Dave’s words he’s seen more gold in samples over the last week than he has in his entire career."
Yes, it's definitely about the next 6 months here. We should have initial results from Zim and Karakubis within this period. It's a good time to be in gold and copper, and not many juniors have good quality projects for both.
Yes I seem to recall Ditau was the priority last March when it looked highly speculative based on assays.
The current project focus looks encouraging & Legalwolf might be right, could be a good 6 months coming up.
A positive sounding RNS, but aren't they all :-)
Until we actually see some tangible results I'll reserve the right to be cautious with my expectations. This is one holding that has often promised, but as yet, never delivered. One doesn't require a long memory to add some balance to one's outlook here.
Exciting period coming up for KAV.
Https://www.miningweekly.com/article/mmg-to-acquire-botswana-coppersilver-mine-2023-11-21
Announcement on the sale of Khoemacau - but still subject to a variety of approvals. Not least of which is Mines Union approving the Buyer - by no means a foregone conclusion.