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I do believe KAV will have its own drill Rig as well? Hard to imagine they won't be reporting some positive newsflow from Zim imo. As I said, looking very good for upside from here over the next 3-6 months. All imo
First Hillside hole sited!
We canβt wait to start drilling our first #gold exploration hole in Zimbabwe πΏπΌ
Matabeleland holds so much promise
We could keep the drill bit turning almost indefinitely with near-surface, untested targets that have bulk-mining potential
https://twitter.com/KavangoRes/status/1703784937004933376?t=RUvyxbHbjYdXlGFIOjsdXw&s=19
Β£4.6m in at 1p is a massive endorsement and they are ready to go on the ground
Exactly! The immediate sentiment will be to realise the gap between the current share price and the 1p premium being paid by the investors. A gap which BT has highlighted himself! So if we're all thinking and discussing it, once the financing RNS actually lands to confirm it, then it will be a sentiment driver imo.
But each to their own and let's see what happens...
Share prices are not derived from rational, logical thinking but from sentiment.
They are going for lower hanging fruit in Zim. In fact, the gold is already there. Similarly, they are going for what they regard as their best prospect at the KCB. They will have Β£6 million to attack these projects with, and CEO is actually moving to Zim in the new year.
We can debate where the share price might get to, but there is little debate that with the above exploration coming up within the next 6 months, that 0.6p represents extremely good odds for upside from these levels. Forget what I and others have been saying, just look at some of the large trades that have been going in to accumulate the stock in the 0.5s. At some point when those are all soaked up, it will be stock at these levels that will be hard to come by.
So accumulate what you can at these basement levels and then just wait for the funding/prospectus RNS to land to kickstart the fightback. All imo and dyor
It won't be the floor in this case tradedesk, IMO at least. That said, I can see why you and LegalWolf are forcing this play.
The following from F79 yesterday sums it up.
"In short I personally think KAV are probably valued about right somewhere between current price and the placing price. I'd struggle to put a case across that they should be valued north of the placing price ATM.
Therefore the key now for me is really what KAV can prove up asset wise with the exploration from the cash injection. If they want a value above the placing price then the market will likely need to see more evidence from the assets. This is what the market price and action is telling me."
Purebond stand to be down on their investment from day 1. They'll join c.90% of the KAV register in having their wealth eroded by the management of this company.
External money in at 1p and that to in size, has to be floor imo.
I think once the circular comes out shortly for shareholder approval then market will take it higher quite rapidly, they are ready to go on the ground. You need to be in before.
Atb
It's a hard one to call here ATM.
I do agree with the capital being at 1p it certainly underpins the current market price strongly.
On the flip side if I focus purely on mcap which is a sensible approach; with the current shares plus the new placing shares @1p (excluding any warrants/options etc) the shares in issue will be around the 1.3 billion.
So the mcap post dilution, at the current 0.65p offer, would value KAV at around 8.5 million GBP. Or 13 million at the placing price.
Prior to the recent KSZ news I'd have said that's fair but the asset base is hard to attribute a value to since the move to zim and the situation in Bots.
That said they'll have a significant part of the mcap covered by cash at the current price.
In short I personally think KAV are probably valued about right somewhere between current price and the placing price. I'd struggle to put a case across that they should be valued north of the placing price ATM.
Therefore the key now for me is really what KAV can prove up asset wise with the exploration from the cash injection. If they want a value above the placing price then the market will likely need to see more evidence from the assets. This is what the market price and action is telling me.
Will have to wait and see.
Atb
Well, should be a strong quarter for KAV coming up. New base is 1p. Would be great to end the year 1.5p-2p. They'll be in a very strong financial position.
The Β£1.4 million has already been received.
SP contains a risk premium until the money is in the bank
I totally agree and have been saying as much for several weeks now. Nab these cheap shares whilst it's relatively quiet. Big move up incoming on financing news to land soon. All imo and dyor
So just the prospectus to go and Purebond will be injecting Β£4.6m at 65% premium to current price. Seems a bit of a no brainer.
Prospectus is with the FCA and should be cleared any day now.
Surely this is tongue in cheek representation of the KAV opportunity in Botswana. Kalahari Copper Belt is emerging as a world class copper mining jurisdiction (being developed by Khoemacau and Sandfire projects). But they have explored and found and issued resources and then reserves - KAV has yet to issue meaningful numbers so to my mind, you cannot claim your exploration licences and projects are 'world class'. Just yet anyways but here is hoping !
My previous reference to World Class statements came directly from the twitter - x.com/KavangoRes and x.com/ben_turney own accounts, surprised you haven't seen them JP2000, many other posters seem to have.
Here is another example.
https://twitter.com/KavangoRes/status/1414535986982395907
#KAV #Copper #Nickel #PGMs #REE
πππ ππππ π
ππ πππππππ
Management Alignment
Genuine World Class Projects #KSZ #KCB #Ditau
Fully Financed for 2021 Work Programme
Consistency of Narrative
#KSZ #KCB #Ditau
There are lots more "World ClassΒ£ quotes, surprised you haven't found them both from Ben and Kavango Resources.
This is clearly not mis-information but facts from the CEO and Kavango Resources twitter feeds. Maybe you'd benefit from a bit more research instead of potentially libelling other posters in my opinion.
If you don't like the statements then you need to take it up with Ben and Kav as its also in their rns's etc.
Thanks Castiron. Decent amount of real estate under licence then.
I see KAV issued interims today. What is confusing me is they seem to be bouncing around from exploration target to exploration target in Botswana, having said previously the results were encouraging. And i interpreted today's words re Botswana as saying more exploration $$$ would need to be spent. And on top of that, there is this apparent pivot to gold in Zimbabwe, where I doubt they can progress any project quickly (ie will need cash flow).
This company is still sending me very confusing messages. But the Kalahari Copper Belt is getting a lot of attention.
You might find this of interest B-J β¦β¦..not cross ramping
https://x.com/helioschariot/status/1687158511048794112
ARC Minerals but they haven't really got boots on the ground yet from an exploration perspective.
Kalahari Copper Belt projects in Botswana I am aware of are: Khoemacau (in production), Sandfire (under construction), Premium Nickel Resources (private comapny bring BCL mines back into production), and then exploration companies such as Kavango, Cobre and ENRG Elements.
Does anyone reading here know of any other companies, listed or private, with exposure to copper in Botswana ? It is good to know who has boots on the ground and spending $$$ to progress projects.
Those following here will presumably know Khoemacau is up for sale and 6 potential suitors named in local press - Citic Pacific, MMG, Exxaro, Endeavour Mining, Impala Platinum and Zijin Mining. Ok so this is an operational mine that the Owners have commissioned and brought into production - but they want to offload now rather than keep operating for themselves. There is a strong possibility that means there is a heavy financial commitment ahead to keep developing the mine/project, and is something they dont fancy.
What I am wondering though is - could this large corporate action being weighing heavily on Kavango and other copper explorers in Botswana (Cobra for one; Sandfire are actually building out their Motheo project now; some other smaller exploration plays).
Anyone close enough to what goes on in Botswana and has a view on this ??
Yes, all reassuring to hear, apart from the timescale bit, as KAV do need to get cracking on the ground in Zim. But providing its a straightforward process, hopefully the FCA will turn it around without too much delay. Main thing is the financing is still on at 1p. That's almost 100% from these levels. Market asleep to this so far, but maybe it needs RNS confirmation to wake it up? All imo and dyor
Ben has messaged the Telegram group
"Kanye Resources Plc (registered in England) was a vehicle we set up for the joint venture with POW
We no longer need it, so we've struck it off
Kanye Resources Pty is registered in Botswana. This is the vehicle that owns the majority of the KCB licences and has been wholly owned by Kavango Resources Plc, since we completed the buyout of POW from the JV
This is all just corporate housekeeping to make things more efficient
The Purebond deal is still going ahead on the same terms and the prospectus is currently being reviewed by the FCA
I cabn't give any guidance on timing. This regulatory process is out of our hands"
To be fair JP2000, this poster is just counteracting your untrue assertion earlier that:
"Nobody, not even BT has mentioned drilling for world class resources."
They've done that by just using cold, hard facts, quotes from the horses mouth.
Over the years there have been supporters /rampers and detractors/downies posting here. Normal.
However, with that why not just admit you were wrong and let's move on watching KAV slide down even further.
IMHO, DYOR, GLTAH (but still not good enough for me to climb in again)
"They couldda been a contender"
In the last 12 months you've only posted about KAV & all negative and then surprise surprise the same characters also pop up to recommend your post.
Are you a genuine KAV holder or taking advantage of LSE's poor moderation to spread misinformation?