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Tray556 is your bank balance in profit and if so, does that excite you ......are you spending it on a monthly basis and are your daily costs too high or are you banking healthy gains every month?. Do you give your partner RNS on the revenue you bring in ....have you got a good venture and profit in the work you do?
We are talking about mining and first gold production and you Tray556 you want profit and costings ....wow......Rome wasn't built in a day pal.....but everyone to there own and i guess you are not invested in here neither. Only saying.
I've got to agree with Tray556, the RNS only states revenue.......... What about the costs or running the machinery? Hopefully there will be further disclosures fairly soon. Anybody that watches these mining shows on discovery will tell you the costs in fuel and machinery are very high.
I never said "there's no profit" and I never said "30% profit is irrelevant".
I simply said its all about the profit margins and this has not been outlined in the RNS in the slightest. I would suspect the business have a good idea on the profit margin too for this venture (I would hope so if they wish to scale up!) so why hasn't that been discussed in the RNS?
The revenue stream could be £10mil a day. If its costing the business £11mil a day to get that revenue in, then its a waste of time. Hopefully that's not the case, but without the necessary info, the RNS tells us nothing.
Until I see profit margins, I cannot get excited, that is my point.
Today by First equity anyone seen it this morning?
Unsubstantiated tripe from Tray, first saying there's no profit, then a 30% profit is irrelevant etc etc. WTF post that rubbish.
Also to add - if you are invested why talk Down your investment.
There have been x2 excellent rns this week !
And the revenue coming from The Nara project 0.63g p/t … that alone is the mcap of the company.
Nobody is claiming that the revenue they've just announced from Hillside will cover all of Kavango's corporate costs - that's a ridiculous strawman to shoot down and claim the RNS is a dud.
What we have here is the beginnings of the Zimbabwean projects producing some revenue. Sure, not all the $60k per month revenue will be profit - I'd guess half maybe? But the point is that they now have a project that is contributing towards the balance sheet, for the first time ever. This is just the first revenue stream at Hillside, with more to come there, the other projects (Nara in particular) also looking promising, and we're told they have a list of other possible projects they could add too. Kavango is changing their model so that they can keep exploring the licences in Botswana without needing to keep tapping the market for discounted placings with warrants. What they've announced today is that they've managed to get some revenue coming in, faster than anyone foresaw.
As I say: Don't shoot this down as completely dud because one announcement doesn't cover all of their corporate costs. That's not what this is about.
Tray556 do you buy gold yourself?.....cause gold prices are on the increase and KAV just starting at hillside .....just the beginning of great things to come pal
$30,000 per month / £23,000 per month which is just the revenue element.
The profit figure hasn't been mentioned which I would suspect after costs is very little at the moment if it isn't worth talking about in the RNS. Yes KAV looking to scale this up, however, its the profit margin here that matters. We can all bake a cake and sell them for £20 but if its costing us £19.99 to make the cake, then its a total waste of time.
Even £10,000 profit a month from the venture isn't going to cover Ben Turney's ridiculous bonuses I'm afraid. The RNS doesn't excite me in the slightest.
Have you not seen SNT ? 😎
Https://www.bullionbypost.co.uk/gold-price/1-year-gold-price-chart-ounce-gbp/
On the leaderboard this morning. KAV is moving up swiftly and mms ready to lift higher ......Fabulous RNS ......Exciting times ahead and gold prices seem they are also going to new heights too this year.....which is great for KAV
Https://www.share-talk.com/rns-hotlist-with-zak-mir-coin-maru-kino-kash-tgr-kav/
media coverage JUST STARTED now KAV on Daily RNS HOTLIST
Volumes 5 times daily average buys outstripping sells and MMS ready to lift we should motor up fast past 1......fantastic start and opening 1hr 30 mins of trading this morning
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.