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It was a brilliant interview. BT was on top form and there is LOADS of newsflow coming up here in the coming weeks and months, with drilling at KCB to commence in April. The company is well financed with multiple options for revenue and the continuing backing of the Kasangra family. Therefore no more need for low ball broker led placings - which was key. He has also pretty much indicated that the results at Zim are going to be positive, saying they are delighted with how things have gone, that he can't wait to release them and that the market will like them and buy into KAV.
And KAV's share price is stirring into life with 0.8p on the Ask!
Where does the revenue come from - certainly nothing copper related. That will take years and money to drill and prove up to a resource/reserve. And anyways, then they would look to sell it. So revenue can only come from gold in Zimb - well ok the prospect of significant gold discovery / extraction can super charge a share price. But who is going to believe that means they are on a mother lode of golden or silvery stuff ...... The more he behaves like a pump and dump CEO, the less credibility KAV projects imo.
This is going under the radar - with a rising POG, the first bit of positive gold news that KAV release to the market will trigger a big move up. As Ben has said in this interview: "once we start to show some of the results we have coming up it will start to attract more buyers..."
Multibagger in the making here for 2024 imho!
Looks like we have some interesting tweets coming in from Ben ,
“Near term revenue expected , results due from 2 projects , and drill targets for a large scale copper exploration.
SP Angel. Morning View.
Kavango Resources* (KAV LN) 0.7p, Mkt Cap £9m – Drilling at Hillside shows promising visual core
Kavango Resources provides an update on its exploration programmes at the Hillside Gold Project in Zimbabwe.
The Company is completing IP over four prospects over 16km lines.
The IP is intended to identify sulphide bodies relating to high-grade gold-bearing shear structures.
The Company has also completed four diamond core holes over 1,306m over the four prospects.
Core visuals are reportedly encouraging and assays are due following the granting of export permission.
The Company intends to complete a further 1,400m of diamond drilling relating to the current IP survey.
Management notes its confidence in the visual observation of the recent cores, encouraging them to carry on exploring Hillside.
Drilling is also being planned at the Nara Project, with a geological mapping exercise ongoing.
90 auger holes have been drilling at the Nara tailings dump, with these currently being modelled with a resource consultant.
Nara covers four historic underground mines, which produced at average grades of 9.8g/t.
*An SP Angel Analyst holds shares in Kavango
Yup, the endless moaning by certain posters basically kills this board. Stifles any chance of discussion or debate. That said, the company is a basket case.
LOL.
It's a platform with a history of bots, insider trading, use by terrs and nefarious regimes.
Valid criticism out in the open is hardly "grinding axes" - any geo worth their salt should know that...
But sure, go ahead and carry on with the Confirmation Bias at the expense of valid questions by cynics who've already been relieved of the hard-earned by over-promising and under-delivering...
It’s generally pro KAV & moderated whereas this board attracts a group with an axe to grind.
Https ://t. me/ kavango
for anyone who hasn’t joined the official telegram.
*************kavango
Near term cash generation will be modest $1-2m but it all adds up and contributes towards exploration. CEO is now Zim based & that’s the real focus for KAV.
If they find commercial grades at Karakubis KCB when drilling starts in 1-2 months then it has the potential to be very large but let’s not kid ourselves there is risk and even the likes of Sandfire have struggled at times, in KAVs favour is the regions expert Dave Catteral is leading the exploration.
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