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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.
Thanks Pauly80. I think Purebond are the biggest losers to date in this company? They put millions in at 1.80p and 1p and so must be sitting on big losses. They will make the hard nose decisions soon. Maybe they can just ring fences the joker in Zimbabwe and get a competent individual to run the Botswana. That’s the best chance for Purebond and us investors to get something back.
Devilbaby - agree completeley with you. I am in the same boat believed his BS and now know he is a blagger who is a well known hype master. Many genuine posters have left with big losses because of the joker. In any other company he would have been sacked a long time ago. Can’t believe he is still here
Yes, and the past is not always an indicator of future performance when it comes to these juniors. In fact, don't forget that KAV multibagged before it failed at the KSZ. Now it goes again, fully cashed up, with lots of drilling to come on lower hanging fruit in Zim and another go at the KCB later in the year, this time under the stewardship of DC. So it's a fresh scenario, and the past isn't going to dictate the future.
At 0.65p, it's got to be worth the throw of the dice for what's coming up. There aren't many shares at these levels either! It won't take much for this to make a quick move up. All imo and dyor
Geologists create a hypothesis based on gathered evidence and past experiences. Exploration is inherently risky so if the mineralisation isn't there you move on. I think its pretty clear BT has two throws of the dice left Karakubis and Hillside/Nara, its also clear the market isn't buying hype but it will respond to if KAV create genuine value. Pambili & Nara tailings lack scalability, but there are three significant value events in the next 6 months.
1) 4 targets drilled at Hillside , cores awaiting analysis.
2) Karakubis drills expected April(?), has the potential if they locate a mineralised system to be extremely large
3) Nara where the target size has been increased to 1moz Au
This is not ramping, there are real geological and country risks to consider. KAV have two regional experts who are in demand by other explorers, for example Dave Catterall reviewed KAV's KCB licences and decided to focus on Karakubis despite it being less developed than other licence areas, KAV then acquires ENRG's neighbouring licences with multiple dome structures.
Legalwolf & others have stated the share price is very cheap, lets just say nothing is really priced in at this point but there will be multiple rolls of the dice in the next 6 months.
I used to believe they have positives in portfolio that’s why I invest but now not know what believe and what not believe.? Norilisk was false hope. Ditau nothing happening? Maybe KCB is last hope? Zimbabwe is waste of time and money. I ask you: what good are positives in portfolio if management cannot produce results and cannot be trust by investors? That’s why best hope is for Purebond to take some strong measures. That’s my honest opinion.
In your opinion are there any positives within KAVs portfolio?