The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Started: Legalwolf, 21 May 2024 17:21
Last post: Legalwolf, Today 10:54
Progress Update. All looking good and much more to come.
https://x.com/KavangoRes/status/1793893055755379075
A company and CEO that I wouldn't touch!
PALM's fund raising today making KAV look rather professional.
Missed that one in March. My broker could not buy that one for me, now, I have another broker, but SP went way ahead itself. Will keep it on my watchlist and get in when price is right.
Hoping for news on Hillside Prospect 1 quite soon, the multi elemental analysis and news on the KCB targets.
Started: Legalwolf, 15 May 2024 14:40
Last post: JP2000, 16 May 2024 14:03
Your response on drill results was lazy & misleading....of course you were just saying... I at least gave a considered response on drill results and even agreed there was a gap to 10m oz.
I try not to ramp but will say there's a massive list of news flow items in next 6 months and these drive the share price both up & down.
Now you're sounding rather bitter. We know how the psychology and ego works. Why not focus on a share that you do believe in rather than trying some kind of weird 'Robin Hood protector of the gullible investor' sketch on here?
On this very thread
JP2000 said: “Great opportunity for Wako to short”; and
Legalwolf said: “Yes, it's really Wako to moan about a share and in that time watch it go up 200%”
Nice chaps. Aside from insulting slurs, do you have anything to say of import? Or is it just playing the man you like? I don't hold, have no intention of buying in again. Shorting? leave it out. Also, is it a crime that I'm not hyping or ramping like the pocket p*ssers here?
Legalwolf, my post said “OK, they're up double in the last while”.
That is me admitting they’ve done alright in the short term, if you were bold and brave and disregarded the history of KAV you'd indeed be happy. Like I said, I do accept that I missed out on that.
However, for all the ramping and hype that these 2 regular posters put up about KAV, I still can’t see that there’s a cat in hells chance of these folk getting 0.5 Moz mineable gold. It’s hard to do that. There is no intercept of note in anything they’ve published to date, and I suspect there’s lots more of the same coming down the line.
All I said was there is “no tangible proof that things will work, and a Control Person who may prefer to do artisanal mining in Zims, without the need for…”
Need for what indeed? That’d be honourable regulatory compliance or circulation of any profits or dividends to the Mom & Pop investors who’ve fallen for it.
Feel free to carry on with the childish insults and name calling, but remember BALANCE is a virtue…
All IMHO, and GLTAH, but please, please DYOR and be cautious of falling for the hype again...
Yes, it's really Wako to moan about a share and in that time watch it go up 200%.
Just buy some Swako, making money's a lot more fun than moaning all the time... you know you want to!
Started: Legalwolf, 16 May 2024 12:13
Last post: JP2000, 16 May 2024 13:20
The placing @1.2 was probably the best bet, sorry..... there's too much news flow to come:
Hillside Prospect 1 anytime
Hillside multi element results "a month"
Hillside gold production inc 3kg/mth by "end of summer"
Hillside drilling early June
Hillside high res IP
Hillside claims ownership, RNS any day now
Hillside geological model would be good.
Nara final drill, perhaps some visuals & feedback next few weeks
Nara core export permits (please let this go smoothly FFS)
Nara assays Aug assuming permits
Nara tailings news & plan
KAV mining updates inc intro to new CEO, expecting KAV mining to list on Vic Falls SE within 12 months
Two new mining options seem imminent
KCB mobilisation probably in next few weeks
KCB target presentation
KCB presentation with Dave C
KCB drilling 1st or 2nd week June
KCB drilling 1 hole every 7-14 days
KCB prelim results, if good then probably get an announcement late June/July but don't expect rolling commentary.
c200m 3p warrants expire Nov.
KCB assays late Nov.
No guarantees on any of this, timings usually slip, idiot beaurocrats get in the way & weather happens so DYOR.
Looks very much like KAV 2.0 is re-rating. It hasn't even started drilling at Karakubis and has barely got going in Zim. This is shaping up to be one of the star performers on the LSE. Still cheap as chips for all the newsflow to come.
I keep waiting for the pullback to add more, and frustratingly, so far it's eluding me. Very strong stock performance. GLA
Started: justlookatthat, 16 May 2024 12:59
Last post: justlookatthat, 16 May 2024 12:59
It just keeps coming , it’s excellent the way things are being presented now
Started: Gingertom1, 15 May 2024 13:58
Last post: Gingertom1, 15 May 2024 13:58
Looking good despite low volume. Everything looking forward looks exciting. Onwards and upwards gently news due on all fronts in short order
GLA GT1
Started: ForrestGump, 14 May 2024 07:12
Last post: PortfolioPower, 15 May 2024 12:36
Tiny free float here.
Shares outstanding....... 1.562bn
Free float ....................... 326.39m
Free float here is just........ 20.87%
-
Very tightly held stock.
Sure they will all be in profit soon enough.
Going to enter break even territory for many LTHs fairly soon know a few people in the 1.8-2.5p range
Giant Cup and Handle forming as well. If we hit some copper, all bets are off as to how high this will go!
On the up again folks. KAV is really starting to look like a strong stock again. Most of the free float is tightly held. No pump and dump and just steady incremental rises with HUGELY significant drilling programmes and results to land here.
Are contracts due to be exchanged today?
Last post: Legalwolf, 14 May 2024 18:56
Fantastic pitch from BT. 10 million ounces of gold being targeted in Zim. That is outstanding and beyond expectations. So even without the copper, KAV looks like a fantastic proposition with multibag potential just on the gold. Wouldn't be surprised to see a lot more strong buying coming into the stock now. Well done BT. GLA
FocusIR presentation just finished:
Targeting 10m oz Au in Zim and 1m tons Cu in Bots. BT looking at a market cap multiples of Caledonia (c£160m)
Will give presentation on KCB targets shortly & will arrange an investor meeting with DaveC
May potentially drill more in KCB if they hit Cu.
Talked about T5 $1.8bn and getting 10% of that valuation i.e. $180m
Some new Zim projects to be announced.
3kg Au production per month by end of summer.
BT is aware of shares in issue, talked about share buy back
I know BT is the king of self promotion but I have never seen him this bullish.
Started: SuePud1, 14 May 2024 16:09
Last post: SuePud1, 14 May 2024 16:09
We hit our second target 1.37p on Friday @ZaksTradersCafe's third target is now within touching distances at 1.65p https://twitter.com/Share_Talk/status/1790397963824451790
Started: bitcoinbuyer, 14 May 2024 07:20
Last post: bitcoinbuyer, 14 May 2024 07:20
Now this is the best news , this is where the upside is...
A copper discovery... Really looking forward to the coming months here...
surely the SP will increase with anticipation when the drill starts to spin
ATB
Started: justlookatthat, 13 May 2024 13:29
Last post: JP2000, 13 May 2024 16:45
The Hillside option transfer is any day at which point KAV will be in better position to share information
Now targeting 3kg/mth production, c$200k/mth, think the original target was 1kg/mth
A more detailed video presentation next week, ...."great visuals"
Returning to drill at Hillside ASAP, beginning June.
Overall: very upbeat
The Stockbox is out. Things are getting very exciting here.
https://www.youtube.com/watch?v=uO0stKxu3XU
BT says KCB campaign about to get started in a "couple of weeks"...which from experience means 2 weeks + 1 week to set up camp & clear drill sites + 1 week for drill team to arrive set up so broadly second week in June for actual drilling
Uptick in publicity; Mining Podcast today, Investor Webinar on Tuesday, another Stockbox due very shortly. I generally find 1 or 2 bits of new information but would like to see some new material such as drill targets.
Started: Legalwolf, 12 May 2024 09:31
Last post: Legalwolf, 12 May 2024 09:31
According to good old Zak Mir! Retweeted by BT - does he have some more newsflow incoming for us?
https://twitter.com/Share_Talk/status/1783034741240758636
Started: Legalwolf, 9 May 2024 09:19
Last post: JP2000, 10 May 2024 15:55
On reflection the observations about grades at depths is missing some important points. The drill was designed to intersect 7 or 8 shear zones, going right to left so some of the intersects were always going to be deep. Because its only a single drill the results don't tell what the grades are above the intersection point to the surface, therefore there's a lot more gold than indicated. eg 1m @3.1g/t from 156m, is that part of a shear zone & what are the grades vertically above to surface? In hindsight KAV might have drilled a second hole left to right & I think Lobo Tiggre picked up on this 3 weeks ago...from KAV's point of view it was a limited scoping drill campaign but Lobo raised a good point. Note drills rarely go vertically because it gives less information.
The artisans are targeting much shallower free gold & as BT said historic grades c12g/t .A lot of that material will have been mined but KAV clearly thinks there's potential & want a follow up bulk sample.
Its quite difficult to come to any firm conclusions from this drill other than gold mineralisation has occurred within the shear zones, grades were reasonable but a lot more drilling (June) is required. KAV have 3d IP resistivity & chargeability models & aligning these with the drill results will give a good indication where to drill next.
The drill campaign was proof of concept prior to option exercise so there’s a lot more drilling to come before anyone knows the scale of the deposit. One snippet from the previous result was the alignment of IP to gold deposits.
😴
Legalwolf said: "Another good RNS from KAV 2.0."
I am not sure I'm reading the same material then? KAV 2.0 has just spent lots of money drilling a 300m deep hole, and found nothing of especial note, certainly not mineable, in other words just like KAV 1.0. and how 2020/2021/2022/2023 was billed as the "Year of Discovery"
Surprised they released this and didn't wait in case other holes have better results. Can't wait for the next thrilling update.
DYOR!
KAV didn’t quantify copper, it merely said 2-10% sulphides &vast majority will be iron based. The multi element analysis is done in JHB and likely available June.
Two observations, the better grades are quite deep & secondly KAV thinks the grades should be better based on artisan findings. KAV will need this for bulk mining.
Started: Mav1967, 10 May 2024 13:04
Last post: Mav1967, 10 May 2024 13:04
The unknown £10k trades? BUYs as one was me.
Started: justlookatthat, 26 Apr 2024 17:46
Last post: JP2000, 8 May 2024 20:29
Dave also works with Cobre. Next 3-4 months important for KAV.
Https://www.crown.co.za/latest-news/modern-mining-latest-news/28302-altona-rare-earths-appoints-copper-exploration-consultant
Looks like Dave Catterall is much in demand. Just in case anyone thought he was exclusive to Kavango.
JP - this drilling campaign has been a few years in the making already. They have done LOADS of prep work, including before DC came on board more recently. So it's about time they drilled the KCB. PB have now put £9 million into KAV, and I am sure they will want to see a return on their investment soon. So KAV have to get moving now and deliver for PB.
It's so much better to have a 3 month campaign with two Rigs on the ground, than have to wait 8 months. The latter also actually costs more, as there is more cash burn along the way, as BT explained. This also allows them to decide where future resources are best deployed - gold or copper or both.
The amount of skin in the game the CEO and FD have they'll be keener than anyone to maximise the value for shareholders. Ben said himself he wants to get this to 10p and then he can retire.
There is something about the Karakubis drill/results which KAV is not disclosing, why they are rushing the drill? I don't buy KAV saying "it saves overheads", its either got something to do with warrants expiring or a major fund raise or a deal they're working on. Normally they'd do a quick proof of concept campaign, mull over the results and then decide next drilling taking 6-12 months. I just hope KAV management extract maximum value for shareholders.
Started: justlookatthat, 8 May 2024 07:39
Last post: justlookatthat, 8 May 2024 07:39
An amusing story from the BBC for a Bank Holiday read: https://www.bbc.co.uk/news/articles/clm3108jxxno
Started: PortfolioPower, 5 May 2024 12:30
Last post: PortfolioPower, 5 May 2024 12:30
Started: SuePud1, 3 May 2024 11:55
Last post: Legalwolf, 4 May 2024 10:34
That’s a cracking interview. Summarises brilliantly the opportunity coming up here. BT all but confirming they have already made a commercial discovery in Zim (it just needs proving up) which will be a company maker in itself and multi bag this. But it will go mental if they also hit copper during this 5000m drill campaign.
Locked in the gains at 1.2p. I’m sure we will be multi bag from these levels during these next 6 months. Time to load up and enjoy the news filled ride here. GLA
@Ben_Turney Chief Executive Officer of @KavangoRes talking to @ZaksTradersCafe With an extra £3.08million via an underwritten accelerated bookbuild #KAV ZIM - Hillside gold production on the properties, capped at a value of $1,500,000 https://twitter.com/Share_Talk/status/1786345534954852849
Share Talk took the opportunity to catch up with CEO Ben Turney to hear his thoughts and what the future holds for investors. https://www.share-talk.com/ben-turney-chief-executive-officer-of-kavango-resources-lonkav-talking-to-zaks-traders-cafe-2/
Started: JP2000, 2 May 2024 08:26
Last post: Swakopmunder, 4 May 2024 09:28
Bookmarked, will reply in 6 months time...
Codswallop, Swakop. Ben recently shared an audio recording of an interview with Bhulo in which he said he has no interest in running the company or taking anything over. They were simply looking for opportunities for outsized returns in the African minerals exploration space. They'd said they would follow their money with further investment when needed, and they've just shown they meant that. But they also said they want private investors to continue to be able to do the same themselves, which again is what they did in underwriting the whole placing but only committing to their 52% to start with.
There are no shenanigans. JP2000 has miscalculated the Hillside deal and misrepresented a number of other things as well. A main London listing is exactly the right place for Kavango IMO. DYOR and GLTA
JP 2000 said: "KAV is a main market listed PLC, suggest if Ben wants to continue these shenanigans he takes the company private."
Good points. Shenanigans appear inbuilt. Now that Purebond have such a big wedge of the coy, they presumably feel they can take a (large) punt on KCB, if they find something fine, can flog it, more likely they find nada but the million £ into it pales into insignificance...
Zims is a treasure trove for private companies with money backing them, especially without the pesky corporate oversight required by a public listing. so maybe that was the game all along.?
Remaining shareholders will then perhaps be offered a pitance, but the writing appeared to be on the wall once they chose that route...
Could be wrong of course, all IMHO, DYOR and GLTAH
It could be argued from your recent half a dozen negative posts, that the shenanigans are coming from you JP, and not BT! He has just secured another £3 million from PB without any discount or warrants. The funds will allow the KCB to be drilled in 3 months and not 8 months, as well as continuing the fine work so far in Zim. If you have a target of 1.5 million ounces, you are going to have to pay for the project/licence. None of it is going to come cheap unless it's moose pasture land being paraded as golden! If KAV get to even a quarter of that target and mine it, it will represent a bargain!
What is there to moan about right now? Would you have preferred the traditional discounted placing with warrants, which also would have involved dilution? This work isn't going to pay for itself, and we are very fortunate to have PB doing the heavy financial lifting. Retail also had the opportunity to partake.
I'm delighted with the way things are going at KAV 2.0 right now, and looking forward to what I think will be an even better second half of the year. But all imo and GLA.
https://twitter.com/pauljohnson9691/status/1785681780080509301
Trust in Ben Turney was at rock bottom 12 months ago given multiple failures, operationally the situation improved, but then he gifts himself 3% of the company, withholds information from the market, suppresses the share price & raises , then renegotiates an atrocious deal, also says they're not going to bother with JORC, FFS. KAV is a main market listed PLC, suggest if Ben wants to continue these shenanigans he takes the company private.
Yes with our two main targets copper and gold both at highs, tangible progress being made here and interest just starting to return to the sector it could be the start of a nice wave up.
Https://www.telegraph.co.uk/business/2024/05/02/world-poised-on-edge-new-copper-supercycle/
Right place, right time?
That was Ben's response to a question about size of minimum amount for the placing.
Hi James
Apologies this was something we had overlooked. FE’s minimum ticket size is £10,000
Jason has just agreed to reduce this to £2,500 for this deal. They have overheads and we are paying a small commission on this
If anyone enquires to make a lower order I’ve asked Jason to point them to me. Tbh for any amount at £2,500 or lower it would probably be more efficient just to buy in the market
Started: Legalwolf, 26 Apr 2024 14:02
Last post: Legalwolf, 26 Apr 2024 14:02
Started: Bigwil7, 24 Apr 2024 07:32
Last post: Legalwolf, 25 Apr 2024 16:27
Interesting table this:
https://twitter.com/andrew_neal7/status/1783438675650412987
Last night's rns may have been missed.......
23/04/2024 5:12pm
RNS Regulatory News
RNS Number : 7432L
Kavango Resources PLC
23 April 2024
23 April 2024
Kavango Resources
("Kavango" or "the Company")
ZIM - Hillside Option Exercise
Kavango Resources plc (LSE: KAV), the Southern Africa focussed metals exploration company, is pleased to announce that it has provided notice of exercise of the Hillside Call Option to the vendors of the Hillside Project ("Hillside") and Leopard South Project ("Leopard South"). Kavango intends to extend the Call Option on Leopard North to 30 June 2025.
Purchase agreements for Hillside and Leopard South are being drawn up by the Company's legal representatives and completion is scheduled for 15 May 2024.
Summary
· The Sellers and Kavango entered into call options in respect of the Hillside, Leopard North and Leopard South projects in a Call Option Agreement ("The Call Option") dated 25 July 2023, (announced >>> 25 July 2023). The Call Option had an initial term of six months, expiring 24 January 2024. This was subsequently extended, pending negotiation of revised terms following introduction of the Special Capital Gains Tax in Zimbabwe. Any material revisions to the terms will be announced in due course.
· Kavango has served notice of exercise to the Sellers, effective 23 April 2024.
· Completion is expected to occur on 15 May 2024.
Started: justlookatthat, 23 Apr 2024 10:21
Last post: PortfolioPower, 23 Apr 2024 19:42
It's a good start and they have lots of targets to go at.
Ultimately they will need to focus on the very best prospects and then start to do some definition drilling to work up an initial Maiden Resource Estimate.
Once they have that initial JORC resource with further exploration target upside will should firmly underpin the share price at far higher levels.
ORR managed to model up their initial resource of 375,000oz Au from a fairly modest drill program of
Just 6,685 metres of drilling across 54 holes. With a 1km strike length to a max depth of 264m.
Since they modelled that drill data from the 54 holes into an initial pit shell model and set out how they hope to repeat this again it has really helped to push the SP up over the past 6 months.
If BT can work towards identifying a number of potential pit shells and then just get one modelled up with the prospects of further multiple zones to develop the SP will take can of itself and many other funding options will open up to expand the company at scale.
The way this share has consolidated over a long period and slowly risen over the past couple of months and now the positive news flow gives a feeling we're in the early stages of a growth phase here. One to hold.
I agree. In KCB Dave Catterall has refocussed which is concerning when KAV had previous advanced licence areas but ultimately its discoveries which count & Dave is the recognised expert. Quietly optimistic.
I don't think they will return to KSZ or Ditau - unless they can find a JV partner (which I think is unlikely). The focus will be on Zim and KCB. Early success at KCB will obviously influence what happens next. I'm sure Purebond will continue to back their investment here, especially if the results are promising, as they have been so far in Zim.
What's the minimum spend?
Understood they have a limited time and if no discovery is made within a time frame then a third of the licence gets handed back.
Other than Karakubis, KAV have made it clear that KSZ/Ditau/KCB (odds & sods) are no long priority, too much cover, lots of geological risk, size of Bots teams dramatically reduced over last year. Ironic because KAV was looking to combine the Bots assets into Kanye and float but ultimately the drill failures led to a dramatic change of strategy.