The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Https://www.miningweekly.com/article/china-tightens-grip-on-copper-key-to-worlds-energy-transition-2023-11-13
Copper boom ahead then.
Has LSE grown a backbone? have noticed they deleted a number of posts which were blatant de-ramping
What on earth are you talking about ! You clearly are not aligned. Pls move on
I see my tiny trade shows as a sell. Actually a buy but still deep in the hole. Hoping for good news.
And you don't let boy wonder dilute your stake to oblivion in 12 months time so a very positive day.
Yes you don't bet £500k on a whim. Clearly PWB thinks he/Kav can extract some serious value from their assets.
For those who haven't done their research on Peter Wynter Bee, I suggest you do so. He is very experienced and already has a successful copper mining operation. This is a massive vote of confidence in Kavango.
Wow that is conviction and confidence for you. Things are looking good here for sure.
That’s a great sign ! Move it up !
He bought Power Metals holding.
Have I got that right?
That's a signal worth taking note of.
Well trade was executed on the "open market". If you had wanted to buy 9.5m shares you could have instructed your broker to bid all the holders for that amount.
If you want a share price reaction then you need to wait to see who them and who bought them. Just maybe there is more to come.
Someone forgot about their pending order!
..result was share price was unchanged from that transaction
Well, if those shares were bought on the open market in a single or series of trades it would have pushed the share price up 10-20%. Somebody has got mates rates & the result was no
So why do you think it outrageous?. If 65% is in tight hands it cant be too difficult to work out where the stock has come from.
Be interesting if news lands next week.
GLA
Yes, I was thinking that myself. Made me wonder whether it is an open market transaction or how delayed it has been? Ridiculous given that the at market quote is 0.84 for £1k!
Its outrageous, one city rule for the rich another for the plebs, how is it possible to amass that size trade when we're told 65% of shares are tightly held, without SP rising?
9.5 million buy gone through at 0.8p. That's some fill!
I wonder if they have hit something already?
Just been quoted 0.84p for £1k now. This is about to pop/breakout to the next level.
At this rate, there's every chance we might get to 1p just as things are. Price is ticking along nicely, and just been quoted 0.85p for £5k, suggesting it won't be much longer before the stock in the 0.7s is soaked up. If we get to 1p without news, then that's an even better launchpad for any positive RNS to land into from this Zim drilling.
Karakubis is an interesting one, originally third on KAV's KCB target list but KAV's new KCB guru prioritised over the others which were significantly more advanced. Then KAV adds neighbouring licences & drill results from ENRG which I've said was a great strategic move but its eaten in the second tranche of Purebond cash. KAV have committed to 4 holes for a proof of concept and if successful then KAV really ought to prioritise because its probably the most attractive to large corporates like Rio and Sandfire (or even the Chinese). A $30-50m payday is probably 18 months away but it would be transformative and fund the Zim projects.
I agree with the general timeframe. To be honest, I'm as excited by Karakubis, as I am with this Zim drilling. The latter shades it only because of the expected rise in the POG over the next quarter, which makes a project like Zim all the more timely and exciting, and any early gold strikes will be much better received than say if it was this time last year, for example. All imo and dyor
KAV are keeping the campaign low key at the moment, give it 4-6 weeks to see what the mood music/body language is. Drilling will continue to mid Dec, break for Christmas and resume mid Jan. I see Jan/Feb as key months with news on Hillside & Karakubis to move the share price. Can see the share price in range 0.8-1.1p over next month.