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Thanks Pauly80. I think Purebond are the biggest losers to date in this company? They put millions in at 1.80p and 1p and so must be sitting on big losses. They will make the hard nose decisions soon. Maybe they can just ring fences the joker in Zimbabwe and get a competent individual to run the Botswana. That’s the best chance for Purebond and us investors to get something back.
Devilbaby - agree completeley with you. I am in the same boat believed his BS and now know he is a blagger who is a well known hype master. Many genuine posters have left with big losses because of the joker. In any other company he would have been sacked a long time ago. Can’t believe he is still here
Yes, and the past is not always an indicator of future performance when it comes to these juniors. In fact, don't forget that KAV multibagged before it failed at the KSZ. Now it goes again, fully cashed up, with lots of drilling to come on lower hanging fruit in Zim and another go at the KCB later in the year, this time under the stewardship of DC. So it's a fresh scenario, and the past isn't going to dictate the future.
At 0.65p, it's got to be worth the throw of the dice for what's coming up. There aren't many shares at these levels either! It won't take much for this to make a quick move up. All imo and dyor
Geologists create a hypothesis based on gathered evidence and past experiences. Exploration is inherently risky so if the mineralisation isn't there you move on. I think its pretty clear BT has two throws of the dice left Karakubis and Hillside/Nara, its also clear the market isn't buying hype but it will respond to if KAV create genuine value. Pambili & Nara tailings lack scalability, but there are three significant value events in the next 6 months.
1) 4 targets drilled at Hillside , cores awaiting analysis.
2) Karakubis drills expected April(?), has the potential if they locate a mineralised system to be extremely large
3) Nara where the target size has been increased to 1moz Au
This is not ramping, there are real geological and country risks to consider. KAV have two regional experts who are in demand by other explorers, for example Dave Catterall reviewed KAV's KCB licences and decided to focus on Karakubis despite it being less developed than other licence areas, KAV then acquires ENRG's neighbouring licences with multiple dome structures.
Legalwolf & others have stated the share price is very cheap, lets just say nothing is really priced in at this point but there will be multiple rolls of the dice in the next 6 months.
I used to believe they have positives in portfolio that’s why I invest but now not know what believe and what not believe.? Norilisk was false hope. Ditau nothing happening? Maybe KCB is last hope? Zimbabwe is waste of time and money. I ask you: what good are positives in portfolio if management cannot produce results and cannot be trust by investors? That’s why best hope is for Purebond to take some strong measures. That’s my honest opinion.
In your opinion are there any positives within KAVs portfolio?
I been investor in this useless company long time and see my investment go to nearly zero believing all hype and BS from this company. What happened Norilisk? What happened Ditau? What happened all big promises and claims? You too lost all your money now desperate to ramp price up and get what you can back. At least I am honest. History of this company and history of this CEO there for everyone to research. Just have to use google. You are fooling no one Mr. JP2000
DevilBaby: of your last 10 posts 8 were negative on KAV & 2 negative on PREM. You're not a genuine KAV investor & fooling nobody.
Constant ramping can do no good for share price. No one can / should trust Ben Turney. He has history of making false promises. Best thing for KAV this year if Purebond can sack useless CEO and put in charge someone can be trust by investors.
"We will drill a lot this year"
https://twitter.com/Ben_Turney/status/1752562355827863896
With the markets showing some signs of life again, good time to get a cheap entry into KAV. Chart looks constructive as well. All imo and GLA
Some signs that the juniors are starting to pick up again. I think KAV just needs some patience. I'm hoping the initial assay results won't take as long as that, and we can be drilling in KCB for Q2 (the original timescale was Q1).
Personally I think it’s a distraction as KAV could have drilled 2-3 holes with the money at Hillside/Nara. Slightly frustrated KAV are 2-3 months away from Hillside assay results and probably 3 months away from Karakubis drilling so 6 months for those assays. Let’s assume Nara drilling commences in a month, there won’t be any meaningful news unfortunately for 5-6 months.
This re PambiliNRC in which KAV have taken a large stake.
https://twitter.com/Ben_Turney/status/1751189254145794058
Let's hope it's not too long before KAV also start producing.
IS there any way to find out if KAV is current on all its licence renewals ? This is a developing problem with Ministry of Mines and Minister Moagi - he has been served with contempt of Court application by Canadian listed entity with iron ore project in Botswana. No doubt there is more to the story - but what is the story ?
https://www.miningweekly.com/article/tsodilo-wants-botswana-minerals-and-energy-minister-to-be-held-in-contempt-of-court-2024-01-24
You'd hope so Legalwolf but I'm starting to think we've had to go to Zim to get off the perennial duster trail in Bots.
I'm not closely tracking the Hillside drilling but I'd guess 4-6 weeks at lab.
The actual positive points with this company right now at the PB and PWB support. Let's hope they, and we by default, are rewarded.
Bozi - they already are, in that DC is now overseeing the KCB for KAV. This should bode well for KAV's own KCB drilling later this year though?
Can't wait to see what these assay results from Hillside will reveal. What is the likely wait on them though?
So it transpires that ARCM have had some scout drilling success in the KCB and in the same contact/formation we were exploring with some drills 1km apart.
It's time for Ben and KAV to review all the experts and geophysics we've been using.
Deary me...
The bit that impressed me - Raised £6million at a 65% premium to the prevailing share price
The bit that didnt -C EO moved to Zimbabwe to lead the business from the front line
I hope we are spared this in future.
From the CEO himself:
https://twitter.com/Ben_Turney/status/1749846556126126309
If you can get hold of this paper from 1994 it is a very good explanation of gold in Zim. https://searchworks.stanford.edu/view/3755807
Good point Bots_Projects.
The technical folk involved in this venture appear to have no experience of actually finding 1 Moz Au, unless you count greenstone outcrops grading 0.01ppm! Remember how much gold there is in the sea!
Being involved in old Anglo Au, or Cu for that matter, projects post-discovery is not the same as actually finding anything. Finding 1Moz is hard.
The median deposit size for Zim greenstone belts is a lot lower, and that's before the artisinals (historically local, but oftentimes now supported by mechanised kit courtey of Sino-African friendship arrangements ( :rolleyes: ), have had their fill...
It's a bit like POW supporters still needlessly pumping Tati, when they had been offered the prize they took the dregs, and dregs it shall remain. Seem like attempts to suck in the unknowing.
Still not seeing much to tempt my investment, but will keep looking in to see how the rampers are faring.
All IMHO, DYOR and obviously hope I'm wrong and GLTAH for their sake...
Coxonopolos
Excellent post and. Rec
Sounds real easy when you say 1moz quickly. And ignore the work and capital necessary to deliver it.
Drilling at Hillside as we speak & then immediately onto Nara targeting 1moz
Back to your old deramping tricks hey Cox? That must mean you think there is some potential here.