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Bozi I think I read your comment but the name rang a bell with me anyway so I delved back. Anyway, if I bought or sold on a bb comment I could hardly blame anyone but myself! It's just that there are so many dogs on AIm that sometimes one amber flag puts doubts in the mind. Anyway, all water under the bridge.
Thanks Bozi. Appreciate the feedback. It was because of similar feedback that I never personally invested in POW. When the proposed spin off of Kanye was first mentioned the KAV share price dropped and I can guess the reasons are to do with shareholder concern over value removal.
Genghis - i think i was one of those who were advising caution over Turney's history. A couple of others on this board at the time tried goading me into selling but i bought KAV in the days after IPO and topped up at prices between 0.65p and 0.85p around the March 2020 lows. I certainly wasn't going to sell a story like KAV over one appointment. I trust the board did their due diligence and Turney has done a good job to my eye since taking his role. Apologies if my comment was a deterrent. It wasn't my intention.
I hope his clear, measured communication continues and he continues to graft for KAV. He is in a good role and whilst that means developing a technical knowledge of our projects, there's no other pure explo play on the market quite like Kavango.
Time will tell what the surveys and subsequent drilling turns up but if it's what we hope it might be then all the board stand to make their careers and some, and there's some fairly distinguished records amongst the BoD as it is.
There were plenty of takeaways from the Vox webinar. News should carry on rolling in during the coming weeks.
I get your point FKC. You'd have to put it to the company but IMV I'd suggest that if the JV hit a major discovery and make the KCB asset worth a decent chunk of change then this will still be reflected in the value of the newly listed company, and so we still become rich. It also to a degree de-risks that project from the associated and potentially higher risk KSZ project. For example having the KCB JV listed independently you'd like to think if the KSZ drills hit naff all on initial targets, then the market over reaction wont also wipe the attributed value of the KCB project to smithereens. It all links back to greater separation and transparency of each project. For the reasons above and beyond e.g. easier if majors want in on the KCB as its already separated etc etc. Yes there will be some additional administrative and listing costs but overall I support this approach, for the reasons I perceive and others (such as those above). Just my view. KR ATB
Understood. The problem though is that investments in exploration companies are high risk high reward. If nothing is found we can lose all our money. If a discovery is made then we may become rich. It doesn’t make sense to me to spin out of a £10m market cap company what could turn out to be a multi-billion asset. That’s why my question is: what is the benfit to KAV shareholders of this spin-off? I would like to see some figures from the management.
I’ve also similar rumours about BT and also Paul Johnson the CEO of POW. People saying that they would not invest in anything that PJ was involved in as they do not trust him. However, I have not seen anything to support these allegations and they may well just be sore losers looking for someone to blame. I agree to judge people on what you see and so far BT has done a fantastic job for KAV and likewise PJ has made some PI in POW very good money. Having said all that I was concerned when I heard that KAV and POW were looking to spin off their JV as a separate listing under the name Kanye. Very little detail was given on the specific of this and how it would benefit KAV shareholders. Thankfully it now looks like they are holding back on any listing until they have completed some drilling. Hopefully that will take into account the real value in the KCB before Kanye is spun out so KAV shareholders can get the most value out of this side of their investment.
I am invested here because the "story" is convincing and only seems to get better as they tick each box on the way to proving up a Norilsk analogue. I have confidence in Mike Moles and if he felt that Ben was a good appointment, that's fine with me. He has been able to get on with the "real work" while Ben does the PR stuff. I have been impressed with how he has done things so far and he obviously is genuinely excited about prospects here, albeit caveated with warnings that this is not yet a "discovery". I don't know what people's "beef" with Ben is but I will speak as I find, and so far, so good.
Ricardo I don't want to malign what may be a perfectly legit character, so will leave you to dyor. Some PIs felt some of his past PR activities were misleading. That may have been unfair, was not personally following him then. MB the PIs were wrong, you know how quick some are to form a lynch mob when they lose money.
Dave - this certainly does look like early EUA. The potential here is mind boggling. I still have not seen the latest presentation but based on February one by Ben Turney, these keel size are gigantic - you are looking at 6 and 8 km wide with lengths of 11 and 14 kms respectively whilst up to 440 / 900 m deep and if I am not mistaken he mentions dense concentration mineralisation.