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HTTps://www.youtube.com/watch?v=wHvqusJoRi4
Ben explains how they got the new PL's at a good price due to the Coup in Niger and the need for ENRG to sell.
They have their own Rig in Zim and will be going non-stop to find that gold. We could get a positive RNS from Zim any time. Then we have DC overseeing the next drill programme at Karakubis in Q1. You can easily see the share price going north from here given the newsflow coming up here in the next 6 months.
I'm sure BT will start banging the drum as well with the media. All imo and dyor
This is bottom drawer stock in my little portfolio. I'm way under water, so only have a few £K left here. Who knows, one day we might 50 x bag after all.
GLA
Unbelievable that I’m in both WTE & KAV…. To be honest I’d given up on both!
Let’s hope it continues…. I’ll check in again in a few weeks
Thanks OT - I was thinking that DC would have advised this move, but good to have that confirmed and that they've taken advantage of the situation with the other company.
Ben explains in Telegram that ENRG have been somewhat forced into the sale to raise funds to keep their primary Uranium asset running, so an opportunistic purchase. DC has already done work on the license area and sees its potentially linking a system with our existing licenses. As they're buying 90% of the two companies they will now have access to the data (just as they now have access to the license area) it just means the data and licenses remain in the existing companies.
KAV and WTE both flying now on RNS....COME ON.....CAN WE BE NUMBER 1 AND 2 on the leaderboard at close
Looking good for a push up towards 1p, despite the best efforts of naysayers. Onwards and upwards KAV. GLA
Drilling is about to commence in Zim as well. This from BT himself:
"We could keep the drill bit turning almost indefinitely with near-surface, untested targets that have bulk-mining potential."
Like I said, exciting period of newsflow coming up here for sure.
KAV are intent on buying us prospective copper real estate then - 1.3m quid of the 4.6m coming from Purebond to be spent acquiring these 6 licences. Hard to know if this represents fair value - and no details from KAV or ENRG re how much historical spend thereon.
I think this is the start of a news and potential deals campaign - for that reason alone, maybe a good time to take a position here. Going to take a long time for all this to come to fruition but you got to start somewhere. And you got to have a plan.
"In the event there is a delay in completing the Stage 2 financing, Purebond has indicated to Kavango's board its readiness to lend the Company sufficient funds to complete the Acquisition." Major backing from Purebond here. They obviously want a return on their £6 million investment into KAV at 1p. All lining up for exploration in Zim and Karukubis here over the next two quarters. I can't see too many holders here letting go of their cheap shares now and with more news incoming. Today should signal the beginning of a steady climb up.
We could do with hearing from BT about the forthcoming plans, as they sound really exciting, but maybe he needs to close the financing first?
This is a very risky acquisition. The strange thing is why is KAV not getting the historic data and that is being kept by the vendors and paying in cash?
We don’t know for sure if this is good business until it’s proven good or bad so at this stage it’s down to opinion
You can’t look back at other moves and compare them to a separate proposition entirely , that’s plain dumb
This is what investing down here in this minnow sector is all about .. finding the holy grail discovery .
Consequently personally I take these negative comments
Like a peace of salt ..
Atb
At the end of the day, all we have to decide is whether the current share price represents upside from here, given what's on offer and what newsflow is coming up? That's a resounding yes from me, but each to their own. Financing news to land soon and that will see the remaining stock in the 0.6s being taken up imo.
It looks to me like ENRG Elements had to sell, and fast. Perhaps they weren't in a position to negotiate.
QUOTE: "what we have learned today is that they want to sell them. More specifically they want to sell them for cash, with no retained interest. I would have thought the obvious reaction to that, based on the “watch what ENRG do” principle, would have been to take a somewhat dimmer view of Karakubis. "
100% spot on.
Hi, former shareholder here. Somewhat baffled by this transaction. I remember that Ben has talked about the ENRG having licences adjacent to Karakubis before. Unless I’m at cross purposes here as to which ENRG licences he was talking about, what he said about them before was that ENRG were doing various work on their licences and that Kav would be keeping an eye on that to see what they could learn about the prospectivity of Karakubis. Makes sense.
Well, I don’t know whether we have learned any technical info from ENRG about their licences, but what we have learned today is that they want to sell them. More specifically they want to sell them for cash, with no retained interest. I would have thought the obvious reaction to that, based on the “watch what ENRG do” principle, would have been to take a somewhat dimmer view of Karakubis. Yet not only are Kav not doing that, they’re going the opposite way and actually buying the ENRG licences off them.
Anyone else confused?
I'm not sure how you can say that £1.3m for a land package that could be barren is "cheap as chips" but there you go.
Lets hope their confidence is finally rewarded.
Wow. I love popping in here to get the optimistic vibe so early in the morning. Cue Robert Duval, stuck in the kgalaghadi: "I love the smell of HYPE in the morning"
"spoils closer to the surface" at the Namibian border. Really? That's why so many shallow deposits have been found there lately, right? Not quite. Dave C will be enjoying getting someone to fund his BA returns to his old haunts in the country he used to live in, no doubt.
WTF would anyone pay so much, through the nose for a bunch of moose, sorry oryx, pasture? Who pays the piper plays the tune, the elusive Prof who reckoned De Beers had missed the obvious Au; that came to naught? The expert geofizz guys who found graphite in the EM conductor; naught? Others; same impact.
Now the massive overpayments in very short order for nothing of real merit?
"Confident of making a discovery?"
Surely anyone can see these guys have been ramping the same for years and all they've discovered is dusters and how to burn through funds, and take home fat paychecks, with no sharehlder return whatsoever.
Ah, but there's always another one around the corner, right?
Still seeing absolutely nothing to entice me back in, quite the opposite in fact? Glad I've stayed out so far.
All IMHO, DYOR and GLTAH
The past is the past Bozi. They have high confidence in Karakubis and a results based deal will work out more expensive if they make a discovery which is their high expectation.
Bottom line is this is cheap as chips for what is coming up here. Lots to look forward to.
Well that's pretty naive from them if so Legalwolf.
We're still a junior and we can have as much confidence as we like that the geology is right but we've got to box clever and defer as much of the consideration as we can get away with.
If we consider that companies will often pay up to £250k for licence areas, it's understandable we're paying a bit more considering the strategic importance.
I just wish they'd look after shareholders a bit better when using funds. The share capital has boomed here over the last 2 years and that's without warrant exercises. We still, for now at least, have nothing to show for it.
Maybe because they are confident of making a discovery.
I'm pleased to see the acquisition itself as it means we now have a contiguous land package out in the KCB.
However, I can't help but feel the terms are a bit disappointing. Why are we giving them $2.5m Aussie with no conditions precedent?
A better deal IMO would have been a small up front payment and then further payments in the event a resource is declared via a JORC standard report. Again a further payment upon nameplate production, etc.
Thankfully the exchange rate means we're looking at c.£1.3m.
Great news - financing “imminent”, have secured Karukubis contiguous acreage, and will be drilling in Zim and Karukubis in Q4/Q1. Discovery time hopefully? Cheap as chips and let the rise back to 1p begin. GLA
The next RNS will be the Purebond £4.6m x 1p financing?
IntraDay?