Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Moneymaker- it will be double that when they get to 1kg. Plus they have about £6-12 million from the Nara dump, which they will likely process by year end.
On the leaderboard now and news filtering out....expect to see a lot more people coming on board today and next week, may even get press and buy rating this weekend
Moneymaker2015 that correct lovely to see it heading in the right direction for once and gold revenues has begun ...great things to come and now turning a corner .... i presume you bought around the 6p mark and are a disgruntled shareholder....well now this company is actually making money .....you may see 6p coming back very soon.....Fabulous positive news you should be happy pal
It’s 360k dollars / £280k.
As I said it’s nice to finally see the company heading in the right direction, but having watched the share price drop from over 6p, I’m just wary of BT and his over-excitement for new prospects. Especially as we’re still a long way away from just breaking even each year, even if it did buy Nara.
What a fabulous week for for KAV .....amazing RNS and now gold mining operations starting immediately ......wow ......this news should see a big rise in share price over the course of the year .....may see these 5 bag quite easily
BT has tweeted that there are more deals to come. He seemed to be very excited indeed right now.
Moneymaker, I think you mean 360k a year.
They announced over 5000 ounces of gold that can be processed from tailings just two days ago. Near term, low cost revenue projects. Two of them ! Plus everything else goin on
It’s about time KAV started generating some revenue. Unfortunately, having been here for far too long now I’m still very sceptical of BT.
Whilst $30k/month revenue sounds nice, it’s only £260k/yr, of which I’d be surprised if after taxes even £30k of it is profit. That’s not going to have much impact on the current £2m burn rate each year.
There’s still a lot of news due on other things , worth watching the recent stock box interview. I think this could be a heck of a story starting here over coming months.
6 million in the first 45 minutes of trading and buying pressure very strong in the opening 45 minutes ......wait till the news gets out.....could be in for a monster volume and rise day
On the leaderboard expect a major rise and rerate of share price may see this bag
Further, the Company is pleased to announce it has signed its first contract to commence immediate gold mining operations at the Hillside Project ("Hillside") (the "Mining Contract").
Highlights
- Kavango to take over existing mining operations at Hillside immediately.
- Kavango to fund capital investment and will receive 100% of revenue generated.
- Gold production at Hillside has been consistently profitable for three years.
- Kavango aims to double current production to 1 kilogram ("kg") of gold a month over the course of 2024.
Revenue Generation from this month......game changing
First Gold Production Commences ....amazing news
0.9p paid!
This is KAV 2.0, a different beast from the original founders.
I'm down a lot here, but who knows, I might get my money back and lot's more!
The folks over at GCAT, and KAT, will know that all that glitters isn't gold, but I think KAV as just been unlucky to date.
Hopefully, we are invested in a sleeping giant! Unfortunately, for me, I have no spare money to buy more shares here at the moment.
GLA
Fantastic news. Now a revenue generating gold mining company at the start of its revenue growth!
That’s a second project with near term revenue!
Kavango Resources plc (LSE:KAV), focused on metals exploration in Southern Africa, announces the formation of a new subsidiary, Kavango Mining (Pvt) Limited, in Zimbabwe, signaling its entry into revenue-generating gold mining operations at the Hillside Project. This initiative involves taking over existing profitable mining operations, aiming to double the current gold production to 1 kilogram per month by 2024. With initial revenue projected at approximately US$30,000 a month from March 2024, Kavango plans to upgrade the project's facilities and support local community-led gold extraction to boost near-term production. The company has also begun renegotiating terms for the option to acquire Hillside, exploring the potential for larger-scale gold deposits. CEO Ben Turney expressed enthusiasm for Kavango's first step towards becoming a significant gold producer in Zimbabwe, highlighting the potential for further production opportunities and the commitment to invest in the local community and modern mining practices.@KavangoRes
Karakubis; IP results, target ID, drilling 4-8 wks Hillside option decision, assays all to come
Ria20, How many stocks you P&D and the newbies left holding the baby?
Very nice indeed thanks legalwolf
In an amongst today's RNS news, there was also a tweet also re progress being made by Pambili, in whom KAV have a strategic position.
https://twitter.com/Ben_Turney/status/1765244948637470819