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I think in and amongst all the rampy stuff which you get from ALL junior explorers, KAV/BT did often say that the KSZ was higher risk exploration for them. But they were also consistent that the KCB represented their highest probability project in terms of a discovery. Obviously this has now changed with Zim being lower hanging fruit, but the KCB still represents the most likely project to yield a discovery in Botswana, and the chances of making one have likely increased with DC leading the exploration.
Clearly this is shaping up to be a key 3 - 6 months coming up here for KAV. Let's hope their confidence in both gold and copper is vindicated by some early exceptional results.
The KCB licenses have always been our most promising assets to my mind so any positive developments there is always encouraging.
Junior explorers are the biggest money pit in the stock market bar none.
The KAV story was good in 2020. KSZ, Ditau and KCB, but sometimes things don't come off. That was the case with KAV.
It just so happens that the investment case is stronger now that it has been for some time. There is some lower risk exploration going on and there is a small production profile that can hopefully be expanded upon quite quickly and easily.
I wish it was as easy as sticking a few drills in and finding another Norilsk but instead we have to start from scratch slower base. That can hopefully happen over the next 12 months.
In your opinion, is there a case for investing in KAV?
I am getting tired of hearing about all these big ‘ifs’ and all these district sized potentials. I am also bored about hearing of these amazing experts who have decades of experience. I thought 2020 would be the big year of discovery and 4 years later I am still waiting for success.
Bens enthusiastic all the time even when they have exaggerated and made made big mistakes and discovered nothing that they could make economically viable.
I hope this time is different.
I hope they c
I don’t mind the timescale slipping especially if the reason for that is they are doing this prep work which increases the chances and confidence of a successful campaign. They are being led by DC who is the regional expert.
What’s more is that it makes for a rich period of newsflow as we should be hearing about Zim as well.
The drill date has clearly slipped to Q2, they have preliminary targets but want more ground based IP on those targets. BT’s “cautious optimism” but recognising KCB geology is complex seems the right tone. If this comes off it has the potential to be district size.
Last chance to get in sub 1p for gold and copper discoveries to be made this year - hopefully. GLA
He did say on Telegram KAV is “light years ahead” in its geophysics/exploration under Dave Catteral.
Well, its not bad news. Personally, awaiting definitive news. Ben is always "confident" and this, as we have seen several times in the past, is no indication of a successful outcome :-)
KAV are confident the upcoming drilling is going to deliver. Fantastic news.
Yes a very strong looking bottom formed in the chart. A poke above 1p will attract traders.
Gold breaking out to new ATH. What a time for KAV to be releasing golden news to the market. 1p finally on the Ask.
SO much to look forward to here in Q2. I think they will get very good results from the initial drilling at Zim, because they have been hinting at this. If they also then hit copper at Karakubis, then it's off to the moon!
Positioning at sub 1p is the smart play.
Yes, word is getting out that news is due both in the KCB and in Zimbabwe, and that they have no funding shortage to execute those plans. I'd guess it's people taking positions to make sure they're positioned before those news items land.
Firming up nicely now. Should get above 1p soon enough.
Hoping for news on KCB drill targets although RNS wasn't suggesting imminent news. There's also Hillside Zim assays in 4 weeks. The underlying reason for the rise is one buyer building a position & an absence of selling.
Must be some news brewing. Some large buys an 0.89 paid as well.
Should be a really good Q2 for KAV, with drilling results from Hillside and Nara, and commencement of drilling at Karakubis during the quarter as well.
Coming this is great progress !
Everyone wanted regular updates ! This is what we are getting now !
Sorry, JP 2000 not PJ
PJ 2000,
you clearly stated "KSZ targeted nickel" before. And you are still sticking to that line. But KAV's own RNS said the following:
"PRESS RELEASE
28 October 2019
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
the Company's geological model, aimed at discovering a Cu-Co-PGE Norilsk-style magmatic sulphide ore body."
Once you acknowledge that, we can progress. The hype around that pic of core at the time was the shape of things to come. 4 more years of the same!
I am quoting directly from the company documents at the time. I am not the one spinning things.
Petroinvestor - Yes I hear you. Serial professional pumpers you mentioned
Swakopmunder - fair and objective post.
The primary target was Nickel, & to a lesser extend copper & PGMs.
Botswana has multiple exploration licences so if a licence is for diamonds, it doesn't count for metals. We don't know who (if anyone) held the metal exploration licences. De Beers wouldn't get out of bed for trace gold.
I'm not seeing much evidence of ramping on the boards or twitter because as you point out KAV is 3:0 down. KAV is vastly different from 2018 to early 2023. Mike Foster (geologist) put the portfolio & hypotheses together grossly underestimating the geological risks. Yes Turney was the wrong person, too inexperienced to realise he held a poor set of cards.
In 2023/24, KAV has parked the entire Foster portfolio.
In the KCB Dave Catteral, the leading geological expert has focussed attention on two potential mineral systems in between ground held by Rio & Sandfire (operating mine).
In Zimbabwe KAV swapped a chunk of geological risk for country risk with a portfolio largely put together by Steve Smith, another regional expert. The strategy is;
Identifying gold resources > 500koz, Nara estimates are 500-2,600koz
Small scale production which has already begun, positive cashflow to fund exploration.
Large scale bulk mining, probably 3-4 years time.
CEO has moved to Zimbabwe which is really important.
I don't understand how a prospective (ex) investor like Swako can accentuate the negative for several years and then claim he might invest depending on upcoming drill results. Sure a lot of investors would like to hear his buy side case (without ramping of course).