The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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I was just looking the Hillside/Leopard deal terms:
$500,000 option fee
$400,000 debt at an unknown interest rate.
84m shares, lets say they're 1p post funding so c$1m
$1m in performance shares resource>200koz Au
Call it $3m, that means KAV need to find at least 300,000oz of near surface gold to justify that price so lets hope they get drilling very soon.
No BT said on the telegram group on Tuesday that the rig was still in SA
I may have missed it but have we had confirmation that drilling has actually begun.
I think BT indicated that KAV would commence drilling around nowish with its own Rig in Zim? If so, it should signal the start of decent newsflow here for the next 6 months at least in the following order - financing completed - Zim gold results landing - and then copper exploration in Q1 at Karakubis?
Https://www.miningweekly.com/article/coal-miner-exxaro-hunts-for-copper-assets-in-congo-zambia-and-botswana-2023-10-05
They probably are after a more established copper project - like Khoemacau. That said, Copper is front and centre now for the global players to secure supply side. All good news for the junior explorers like Kavango imo.
I too enjoyed that interview LW..
T...ing up a Discovery on the KCB....
ATB
Great interview - very impressed by DC. Exciting 6 months coming up here for sure.
Hi guys, here is our interview with Ben Turney, CEO of Kavango Resources, and David Catterall, Exploration Director.
Let us know your thoughts: https://youtu.be/U0FTGbyyFxQ?si=m-IAnutcmmc4TGV_
Drilling to start on 9 October in Zim with our own Rig and according to BT: "either one of these projects could have 500k ounces in them, and there are dozens of them."
Zim is to start in a few weeks. KCB to start in Q1. This is very cheap!
This is all coming along rather nicely at moment. I am in.
RNS: Kavango continues to finalise the circular and prospectus for the forthcoming Stage 2 financing with Purebond (announced >>> 09 May 2023 for £4.6million at 1p per share). The Company expects to publish the Circular in the coming days and call the general meeting to seek approval from independent shareholders of a waiver in accordance with Rule 9 of the Takeover Code (Whitewash) in relation to this transaction.
Thanks Elric, touches on the Zim opportunity/progress at the end too.
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