The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Ben Turney, CEO, Kavango Resources will be presenting and taking live Q&A at focusIR Investor Webinar on 14th May. Please register here.
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The closest comparison is Sandfire's T4 Motheo which lies on the same regional fault, TBH it means diddly squat because the mineralised zones are more nuanced.
Interestingly ARC Minerals are also about to recommence drilling at the KCB. They hit copper during their maiden drilling campaign there last year. Has anyone here been following ARC and are there any useful comparisons to be made from the work/geology they have been doing vis a vis KAV 2.0?
Quite difficult not to make discoveries on Zim greenbelt but the real question will be scale & commercial attractiveness, tbc.
Botswana & KCB would be the real deal and hopefully they'll start in the next month.
BT took a lot of stick when he asserted this before and KAV didn't deliver a discovery. For him to repeat it again shows his confidence and obviously he is putting his reputation on the line here. I think KAV know they already have the discoveries in Zim and it's a case of proving them up with drilling etc. Three drills soon to be turning in Zim and KCB. Should make for another news filled and share price rising period here. GLA
https://twitter.com/Ben_Turney/status/1788479546028658826
Dave also works with Cobre. Next 3-4 months important for KAV.
Https://www.crown.co.za/latest-news/modern-mining-latest-news/28302-altona-rare-earths-appoints-copper-exploration-consultant
Looks like Dave Catterall is much in demand. Just in case anyone thought he was exclusive to Kavango.
An amusing story from the BBC for a Bank Holiday read: https://www.bbc.co.uk/news/articles/clm3108jxxno
More coverage today
https://audioboom.com/posts/8500425-sunday-roast-featuring-jason-starr-chief-executive-of-dillistone-group-dsg-atn-cgnr-kav
That’s a cracking interview. Summarises brilliantly the opportunity coming up here. BT all but confirming they have already made a commercial discovery in Zim (it just needs proving up) which will be a company maker in itself and multi bag this. But it will go mental if they also hit copper during this 5000m drill campaign.
Locked in the gains at 1.2p. I’m sure we will be multi bag from these levels during these next 6 months. Time to load up and enjoy the news filled ride here. GLA
Bookmarked, will reply in 6 months time...
Codswallop, Swakop. Ben recently shared an audio recording of an interview with Bhulo in which he said he has no interest in running the company or taking anything over. They were simply looking for opportunities for outsized returns in the African minerals exploration space. They'd said they would follow their money with further investment when needed, and they've just shown they meant that. But they also said they want private investors to continue to be able to do the same themselves, which again is what they did in underwriting the whole placing but only committing to their 52% to start with.
There are no shenanigans. JP2000 has miscalculated the Hillside deal and misrepresented a number of other things as well. A main London listing is exactly the right place for Kavango IMO. DYOR and GLTA
Yes with our two main targets copper and gold both at highs, tangible progress being made here and interest just starting to return to the sector it could be the start of a nice wave up.
@Ben_Turney Chief Executive Officer of @KavangoRes talking to @ZaksTradersCafe With an extra £3.08million via an underwritten accelerated bookbuild #KAV ZIM - Hillside gold production on the properties, capped at a value of $1,500,000 https://twitter.com/Share_Talk/status/1786345534954852849
Share Talk took the opportunity to catch up with CEO Ben Turney to hear his thoughts and what the future holds for investors. https://www.share-talk.com/ben-turney-chief-executive-officer-of-kavango-resources-lonkav-talking-to-zaks-traders-cafe-2/
JP 2000 said: "KAV is a main market listed PLC, suggest if Ben wants to continue these shenanigans he takes the company private."
Good points. Shenanigans appear inbuilt. Now that Purebond have such a big wedge of the coy, they presumably feel they can take a (large) punt on KCB, if they find something fine, can flog it, more likely they find nada but the million £ into it pales into insignificance...
Zims is a treasure trove for private companies with money backing them, especially without the pesky corporate oversight required by a public listing. so maybe that was the game all along.?
Remaining shareholders will then perhaps be offered a pitance, but the writing appeared to be on the wall once they chose that route...
Could be wrong of course, all IMHO, DYOR and GLTAH
Https://www.telegraph.co.uk/business/2024/05/02/world-poised-on-edge-new-copper-supercycle/
Right place, right time?
It could be argued from your recent half a dozen negative posts, that the shenanigans are coming from you JP, and not BT! He has just secured another £3 million from PB without any discount or warrants. The funds will allow the KCB to be drilled in 3 months and not 8 months, as well as continuing the fine work so far in Zim. If you have a target of 1.5 million ounces, you are going to have to pay for the project/licence. None of it is going to come cheap unless it's moose pasture land being paraded as golden! If KAV get to even a quarter of that target and mine it, it will represent a bargain!
What is there to moan about right now? Would you have preferred the traditional discounted placing with warrants, which also would have involved dilution? This work isn't going to pay for itself, and we are very fortunate to have PB doing the heavy financial lifting. Retail also had the opportunity to partake.
I'm delighted with the way things are going at KAV 2.0 right now, and looking forward to what I think will be an even better second half of the year. But all imo and GLA.
https://twitter.com/pauljohnson9691/status/1785681780080509301
Trust in Ben Turney was at rock bottom 12 months ago given multiple failures, operationally the situation improved, but then he gifts himself 3% of the company, withholds information from the market, suppresses the share price & raises , then renegotiates an atrocious deal, also says they're not going to bother with JORC, FFS. KAV is a main market listed PLC, suggest if Ben wants to continue these shenanigans he takes the company private.
You can't buy at the financing price now. Bring on the 5000m at the KCB. I think it will be a massive game changer for KAV 2.0. GLA
Stick it on the Telegram group and I'm sure Ben will reply.
This deal is between $1.6m and up to $3-5m depending on the share price worse for KAV shareholders who incidentally were diluted yesterday by issue of 19% more shares.
What on earth is the 5% royalty for??????
Leopard North resource is 200,000oz non compliant & we know nothing about grades, cut offs, depths, or upside potential. Total option cost $1.6m-2m so c$10/oz on the stated resource. Realistically KAV would have to find 1m-1.5m oz to justify that price
JP - this drilling campaign has been a few years in the making already. They have done LOADS of prep work, including before DC came on board more recently. So it's about time they drilled the KCB. PB have now put £9 million into KAV, and I am sure they will want to see a return on their investment soon. So KAV have to get moving now and deliver for PB.
It's so much better to have a 3 month campaign with two Rigs on the ground, than have to wait 8 months. The latter also actually costs more, as there is more cash burn along the way, as BT explained. This also allows them to decide where future resources are best deployed - gold or copper or both.
The amount of skin in the game the CEO and FD have they'll be keener than anyone to maximise the value for shareholders. Ben said himself he wants to get this to 10p and then he can retire.
There is something about the Karakubis drill/results which KAV is not disclosing, why they are rushing the drill? I don't buy KAV saying "it saves overheads", its either got something to do with warrants expiring or a major fund raise or a deal they're working on. Normally they'd do a quick proof of concept campaign, mull over the results and then decide next drilling taking 6-12 months. I just hope KAV management extract maximum value for shareholders.
Yes, BT said they were looking to have assay results in Q3. And seeing as most of the funding is now coming from Purebond, I don't think there will be any such tactical considerations going forwards.