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Hello. I am interested in and researching investment projects in Botswana. Used to follow Kavango back when it moved from 3p to 6p (I didnt buy or sell then) and have just this week started looking at Kavango again. I have googled Purebond Ltd but dont see any informative info about them - is anyone here able to comment on who they are etc please ?
I assume the cash was received for the first 140m shares at 1p - yes ?
Is it correct the focus now moves to gold in Zimbabwe; if so, then i wont be so interested in their progress. Khoemacau and Sandfire copper projects are major projects for Botswana and I was hoping to read Kavango had finally made good progress on developing their Resource Statement on licences. I will do my research and read back to get a sense of why progress on copper has been apparently poor - but if anyone cares to comment or share an informative links, then I would be most grateful. Thank you.
Ok, so Purebond are 26.6% shareholders meaning they paid for their 140m shares. And have option for 400+m shares, so for them to exercise at 1p will mean a pile of good news ahead. And Purebond principals have India sounding names - no idea where they are based though.
Hopefully this one has a decent runaway ahead with lift off not too far along the way.
Jings and crivens... OK, I'm game. Let's try and whip up some interest in a, ahem, turkey.
Almost as much interest in talking to oneself (or anyone talking things up) as FCM trying to hype a project they don't have any real interest in...
To buy or not to buy, that is the question?
Why bother if it's going to be even cheaper to get in on down the line?
When it becomes even clearer that KSZ ("best er PGE, er sulphide Ni, never before seen geofizz readings, drilling looks grear" turns to "damn, they were right, it was actually graphite". Dusters.)
KCB ("Dave C's sure to find it", errr, unless he's not. Drilling dusters),
Ditto for Dittau (where did the elusive Prof "Best prospect ever"" and the old "DeBeers are so thick they never checked up on any anomalies, we're going to make a killing here!" go) . Dusters and or crickets.
And the next move on the never ending "Magic" roundabout is Zimbabwe, where no man and his dog have never, ever looked before using our amazing tech and brains. It's a cynch.
Lucky they got something selling the pup that was Molopo to the equally clueless POW...
Not sure. Is it worth a punt? Anyone?
Hmm not sure i follow all that Swakopmunder but you did prompt me to wonder/ ask - is Dave C still involved here? I didnt see his name in Directors or Management. C is for Cattrall - yes /no ?
Is it just Kavango that has not got going re the 'world class Kalahari Copper Belt' or have all the other aspirational (or perhaps lifestyle) players suffered the same slow death as Kavango.
I want to understand where Kavango is currently with the copper in Botswana projects before these are a bag of old bones, and then i can pass on Zimb BS.
Dave is a contractor/consultant not a director. Why did they focus on Karakubis? Dave had regional models suggesting Karakubis was more prospective plus the neighbouring licences have found mineralisation.
Swako is up to his usual mischievousness mud slinging, nothing constructive when you are clearly out of depth.
Where is he now then ? He was the guy talking this up a few years back, so if he has gone awol then that isn't a good look. I am not going after him; rather I am way more interested in whether or not the 'world class Kalahari Copper Belt' is really world class (ie has Khoemacau and Sandfire and lots lots lots more ore bodies that Kavango and other aspirants can and will explofr ofr and then develop. Folks like Dave C are important here - he has done some work. Where do we stand with those results and any more recent work? Thats what I am interested in......
To be fair, one man's "usual mischieviousness" is another man's "100% accurate".
Mind who called the KSZ graphite fiasco correcly? And who was hyping it unnecessarily as the best sulphide response ever?
We must never lose sight of the fact that both rampers and downies may also be blind to actual facts and evidence.
All IMHO, DYOR (essential) and GLTAH.
PS - personally still seeing nothing inviting me to re-invest in them, but will keep an eye out and admit if I was wrong ;)
If (or when?) the PB investment goes through at 1p, it is not a ramp or de-ramp to point out the mismatch between the current share price and the price paid by the investors. That's a statement of fact.
Whether the share price reacts to close any such gap is a matter of opinion. In my opinion, I don't see the share price remaining anywhere near 0.6p, if (or when?) KAV secure the remaining £4 million of this £6 million PB investment at 1p. Therefore, I have added here for this reason and in this expectation and will continue to do so at these low prices. That is neither a ramp or a de-ramp but simply a thesis and expectation shared by a number of us.
The mismatch was also highlighted by BT himself in his most recent webinar. All imo and dyor
I don't think anyone believes BT anymore. The problem is if Purebond don't invest at 1p due to the low value the SP could halve again. KAV is all about what they don't have a sucessful drill.
Very valid point Chrisp! Which is why I am concerned about the 'apparent disappearance' of the geologist who said there was a big bunch of stuff there just waiting to be confirmed.
So, is the Purebond deal happening or not? When's the vote? Anyone? Anyone?
During the last interview BT said there was quite a bit of work to do preparing the prospectus. BT cancelled another interview siting investor interest was better in Sept. BT is posting on his personal twitter account but not the company account, the KAV website has pulled all project information which I find a bit odd as you'd think Karakubis & Ditau would be listed as live projects.
So basically no-one has any idea what is happening and there is complete silence from the company? Sound familiar?
PB have already given KAV £1.4 million (Tranche 1) and informed KAV that they will be proceeding with the remaining £4.6 million (Tranche 2). Tranche 2 needs some work, including a Prospectus, before it can be finalised. This is what KAV are doing now, as I understand it. BT said something about August in a previous interview. They will need to update the website with the status of the projects and add in Zim - because that will take all of the focus for the rest of this year, with KCB early next year.
I'd expect news in the next 4-6 weeks. The fact that BT is still tweeting away is good isn't it? All imo and dyor
https://www.lse.co.uk/rns/KAV/completion-of-16314million-financing-axpust6fqd1x5vy.html
Kanye Resources accounts still overdue at Companies House:
From Companies House website:
Kanye Resources Plc
Accounts overdue
Next accounts made up to 31 December 2022
due by 30 June 2023
Last accounts made up to 31 December 2021
Are you a genuine investor in KAV, seems odd 3 posts & all negative.
JP, LSE is a discussion platform. That means positive and negative posts; not always exclusively positive posts. Otherwise there is never any balance in the Share Chat. If MeatLoafer has another agenda, I think we should all be capable enough to spot that.
For my part, the Kalahari Copper Belt has got a plethora of reviews about how prospective the area is and companies like Kavango were amongst the first movers to try prove resources/ reserves. Just because their licences are located close to Sandfire and Khoemacau doesn't guarantee similar results. But then, if they did, that would set KAV alight for sure.
But back to the geologist who was making all the claims a few years back - where is he? What is he saying now? I am a whole less excited to listen to new management try talking things up. Tie up the loose ends first please.
Bought 1m shares yesterday.
0.6/0.65 seems a good level to ave. down before the prospectus in a few weeks and the realisation that KAV will have £5.5-6m cash in the bank and at a serious premium to the price I can buy at today.
That much cash and with Peter on the board and funds available if required away from the capital markets all bodes well for a rise. Last capital raise was 2times higher than todays price.
Will continue to add over the coming weeks before the RNS news flow from Zim and PureBond.
Yes, provided the raise goes through - and there is no reason to think it won't - then these levels are a steal for a soon to be cashed up company, focussing on what they consider is almost guaranteed low hanging gold in Zim, and then their best prospect in the KCB. That simply HAS to be an upside scenario from here? All imo and dyor
1 billion shares in issue hurts the look for potential multi-bag opportunity. So many Botswana exploration projects sound outstandingly good on paper but then are unable to get into Development phase quickly, avoiding cash burn outflows for more years that anticipated.