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Moneymaker when you say 'I would much rather keep running costs to a minimum and focus on both the KSZ and KCB.'
I agree with you in the main. My concern when the potential Zim deal was made public was how much it may cost and also how much it may divert the team away from the assets that drove me towards KAV to begin with (KSZ/KCB).
I can understand the strategic intent by Ben though, in pursuing an asset with nearer term revenue potential. As KAV need a discovery and a more robust source of cash. On this basis I deferred my initial reservations until more information was available, as ultimately we had no context until today too base any criticism on.
Personally I was reassured by the option costs and exploration commitments announced today (at this stage). If it's worth it we will all have to wait and see while its economically assessed, specifically the tailings.
I'm under no illusion that whilst processing tailings will be lower cost it will still need capex but until we know more on the project I'm happy to see how it plays out. Too many variables to ponder the ifs and buts on the Zim assets as yet.
Clearly the priorities are KSZ and then subsequent drilling across the Bots assets, which I'm pleased with.
Good progress is being made to find out what the target is or isn't. Can't wait to find out.
Atb
you need to either say what you mean or pipe down. if you know something important, i’m sure all holders would like to hear it. i mean that. but if you’re not going to say out loud what you’re getting at, all we’ve got is a guy who always ****s off the company ****ging off the company again, but this time hiding behind innuendo and a notion that he knows something we don’t. hard to do anything other than discount that. but, if you have facts, please tell us. then everyone, me included, will have to listen
fbir, i am not.
people need to do their own research.
the further you look ,the worse it gets.
maybe one day i will write an article for *************, then again the kav ceo seems to be mates with the guy from ************* which is why kav doesn’t get the same scrutiny of other companies.
Because Ria said it was going to fly and was expecting good things.
Amazing how quiet the pumpers go on a bad day although we all know they dumped out well before today.
As public company shareholders I would have thought we have a right to know where our money is going. The name of the vendor seemed a bit conspicuous by its absence. C'mon Ben tell us who it is!
What StanAccy is hinting at - none too subtly - is that there is a link between BT, POW and/or PJ (the latter two being the vendor of the Nara Project.
I agree you MoneyMaker. It’s not just cost of option. It’s also cost of feeding and housing BT expat’s package of many years and minimum 2 years and all time spent on Zimbabwe mean less CEO time spent Botswana. And we pay in shares so more dilution and seller sell shares into market and share price drop even more. Just lifestyle choice not best business decision for KAV shareholders where focus need be on BOTSWANA projects. Maybe purebond can see this one day. I hope not too late.
Yeh he’s definitely gone down in my estimations. When he first arrived it sounded like he was going to ensure KAV’s focus was going to be on the KSZ and KCB. Although, all KAV seem to be doing is looking for other ‘opportunities’ that are going to take years to explore and cost millions until anything of note is found. All at the expense of shareholders. He’s been hanging around the BoD at POW for too long.
Me personally, I would much rather keep running costs to a minimum and focus on both the KSZ and KCB.
Do we know who the vendor is yet?
I’ve been trying to find some facts in Stan’s “story” and the closest thing I’ve found, hidden among the conspiracy theories and smears, is the assertion that Zimbabwe is a bad place for mining. A few thoughts on that:
1. Clearly some historical truth to the point.
2. Zimbabwe has made real efforts to improve as a mining jurisdiction, with considerable progress made.
3. Bozi recently pointed out that PREM have been doing well there. They’re currently having trouble with their Chinese partner, but that has nothing to do with the Zimbabwean location of their project.
4. Another company doing very well in Zimbabwe is gold miner CMCL, which has the operating blanket mine and three more projects, all in Zimbabwe. Very successful, trades on a relatively high market cap/production ratio. Of particular note, CMCL recently paid $65m for their Bilboes project in Zimbabwe.
5. Tharisa is spending a huge amount of money setting up the Karo project in Zimbabwe over the next couple of years.
So, I don’t think the picture in Zim is anything like as gloomy as Stan-the-shareholder suggests. The real question is whether Kav’s new project has the gold to support a modern mine. If so, this is a great deal. If not, we lose the option fee and the money spent on exploring it. Seems ok to me.
Hope purebond can see link between ben Turney and share price. When he keep quiet share price go up from 1p to 1.6p. When he speak share price go down from 1.6p back 1p. Maybe that’s why he never tell us anything before about Zimbabwe. Looks like could be disaster. Such a shame.
I must have missed the pump Ray...the shareprice will peak and trough until something happens. Its the assets I'm here for personally.
When the price was around a penny before the volume increase I wasn't selling. So being around a penny still means nothing has changed tbh. If people took this up from a penny with a short term view and sold today, with a very marginal gain (if any) given the spread and the offer/bid prices they'd have got then that's fine. Doesn't feel like a very successful P&D if it was what you think it was.
Nothing against other people's strategies. They're all needed to make a market. Still not convinced it was a pump and dump, wasn't the typical variety if it was and was very minor. If anything it allowed a few people who wanted out to get the liquidity to do so.
Today's move was also off the back of news.
Like I say even if it was it didn't do anything to most here. What will be meaningful is the current drill campaign. One way or another.
Atb
So who’s the man and his mates?
It’d be better if they just released one rns a year, after planning it carefully. It’s uncanny how every one crashes the sp even more. Not long really since this was 5p and now look at it ffs.
I heard a story
One man owns a piece of land in a bad place that many decades ago used to have ‘rough neck’ small scale mining in search of gold.
All the easy to reach, easy to find pieces of gold have gone.
He has a mate who runs a company where they can get plenty of money from mugs who don’t know any better.
They decide to work together to get the mugs from his company to pay to explore the land just in case there is any gold left over that wasn’t found decades ago.
His mate tells the mugs that not to worry, years ago there were some high grades of gold using very selective data when the reality is some what different, that here is other data about the bad place where the land is that he has chosen to ignore.
He tells the mugs not to worry as if it’s no good he won’t buy the land but we will hand over all the data he has accumulated at their cost to his mate and pay him a small sum every 6 months for doing it!.
And even if they find anything worthwhile, just try actually doing anything with it ( it’s in a bad place) you will need to pay just as much in bribes to set up a proper mine and operate it, before you even think about something as trivial as making a profit.
He tells the mugs they will spend a lot of money in the investigation , but it’s okay we have money to spend.
The mugs comfort themselves that it’s not all the money and there is still other projects that have been disasters so far, they just might turn a profit.
The mugs don’t allow themselves to get disheartened the company has failed for years to ever find anything meaningful let alone actually make any money all while the man’s mate gave himself a big pay rise.
But not to worry the mugs assure themselves it will be early stage cash generative when the reality is it will likely never be cash generative, it’s in a bad place after all, none of the major industry players bother with this bad place for good reason.
Then the mugs reassure themselves it’s the fellow investors fault for not being positive about losing money.
But those of a more critical mind have worked in and understand drilling and mining, they know you don’t pre agree to sell good gold plots for $4m.
But none of the mugs want to consider the pre arranged price, the reality of this ever becoming a mine, the obvious conclusion they are going to pay to explore and develop someone else’s plots, who owns the plots and what is the history of ownership, who has neighbouring plots and their links to the mates.
These questions are too difficult at this time.
The mugs instead keep up their belief if they speak positively of the company and defend the message board from more savvy investors they might save heir investment.
So the man and his mate pull it off again, they are successful, they rinse the mugs and keep feeding the mugs scraps who are excited about nothing.
The end and it really is the end.
I wonder how close it is to POW's Tati project. At one point I believe that it was suggested that the tailings from it might be processed in Zimbabwe.
https://twitter.com/Alby__Tross/status/1673358871320985603
It's an option to buy outright. So won't be a KAT mark 2.
If the grades were good, and the railings were from early 1900s to 1960s mining then they could economic as the older processes couldn't have been as efficient as those use today. However early days and Id imagine they collect samples from various piles and perform economic assessment fairly early on.
KSZ and KCB are the key assets though ATM so I'm glad this Zim option isn't too capital intensive.
Atb
Hopefully, BT will ensure we own the rights to any tailings stacks before spending millions proofing them up. Unlike, Louis Coetzee of Katoro Gold!
Definitely some large scale dumping going on. Perhaps this is just the unwinding of the investments of the group of pumpers somebody mentioned. Up… and back down. Hard to imagine they’ve made much money if so!
Still buys out do sells if recorded correctly.
Agreed, KSZ. Although KCB too! Zim is just now another avenue as an option to now be assessed. For now.
Atb
I think so too .. drilling atm ..