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Started: Legalwolf, 16 Jun 2024 20:55
Last post: Legalwolf, 16 Jun 2024 20:55
Bring it on KAV!
https://x.com/Ben_Turney/status/1802307508628844936
Started: JP2000, 15 Jun 2024 16:45
Last post: Legalwolf, 16 Jun 2024 10:01
It is certainly a big area and KAV have a lot of ground, but I understand that AIM listed ARC have drilled in the KCB and hit copper mineralisation, using some of same geological modelling as KAV are now using. We have the added plus of having DC leading the exploration. So I remain very hopeful that KAV will hit some copper in the dozen or so holes they are drilling as part of this campaign. I'll be adding on this pullback, because I do really believe we have a company defining second half of the year coming up, on both the gold and the copper projects. With the amount of work that is planned, I am confident that there will be some share price boosting results delivered during this period. But let's see and GLA
KAV will operate one rig initially probably for next 6 weeks. The first drill will likely be ‘geological’ meaning calibration with the geophysics and finding the mineralisation zone. Its shallow & should be straight forwards but PL082 campaign was anything but simple, so interesting to hear why/how Karakubis will be different. A single drill should take 10-14 days providing ground conditions are ok. Costs are c$300/m.
Its unclear at this point if/how Turney will report results, KAV use p-XRF & pretty much know in real time what they’ve found. I’m sceptical of companies showing odd core photos on twitter unless they show several boxes worth of obvious mineralisation. Typically, cores are not sent for assay until after the campaign & lead time is 2-3 months.
Pure guesswork, I think KAV will drill a few targets, evaluate & then decide on second drill rig. If drilling appears very slow or they stick with a single rig it potentially indicates issues. The second rig is probably the best indicator.
In terms of shareholder value, Karakubis is a factor 5 times more important than all the Zim stuff in the short term. KAV is looking for a mineralised regional sized system which would be incredibly valuable with at least 3 majors interested, it would require extensive drilling but could be worth 6-10p/share as an early stage project.
I read somewhere they've found 8Mt of copper reserves across a 1000km of the KCB, its a big place & nothing is guaranteed.
With the Rig arrival, it means we will likely get a KCB drilling RNS next week. Therefore, good time to add, because drilling for gold and copper will likely mean that a positive drill results RNS could land any time in the coming months. GLA
Started: Legalwolf, 6 Jun 2024 12:55
Last post: Pauly80, 14 Jun 2024 13:15
JP2000 - well written and very valid points made in your post.
Legalwolf - JVs with the likes of Sandfire have been mooted off an on since day 1 but nothing has come to pass.
I just can't see the Kansagras giving away equity in a major discovery when they can go the other way given their liquidity.
I've also noted a recent thread has been pulled in its entirety. Very poor form. Time for me to let these go into the next rise and bid you all good tidings.
What would be wrong with a JV with Sandfire? KAV have huge ground at the KCB with a number of prospects, and so bringing in Sandfire, with their local expertise and money would be a great move. It also frees KAV up to focus on Zim. Share price would rocket on such news imo.
Re KCB drilling: I'm slightly perplexed what is actually going on. ENRG discovered 3 domes but when translated onto KAV's latest data, its now 2 or 3 priority targets on just one of their domes(Karakubis) within that licence area. There seems to be additional priority targets identified by KAV. My reading of KAV's RNS is they're going for the shallow domes c200m for the first phase, five priority targets in total. Initially KAV will use one drill rig in the first 6 weeks which is very much proof of concept. RNS talks about looking for pathfinder elements but pretty much every drill finds pathfinders including old ENRG drills. I hope the language toughens up to say they're really targeting commercial mineralisation in those shallow washout traps. The WIP geophysics looking at resistivity & chargeability are very similar to that used at Hillside (Zim), remember KAV drilled first and did the IP afterwards. BT hasn't explained why they're doing this now and not six months ago, in theory it should allow KAV to pinpoint mineralisation in high resolution so it clearly needs running before the drill turns. On timings, ENRG have run similar IP and it took 2.5 months from start to final RNS so is even 30th June drill date realistic? Happy to be wrong but I think drilling is going to slip into July. PWB's buy was a great signal but it wouldn't be allowed if KAV was sitting on actual or near term price sensitive data. KAV has said the last RNS was aimed at a technical audience in large companies, its just nonsense to "lay a breadcrumb trail" when those companies are well aware of events, they'll want to see actual core & how that aligns to the geophysics. It was odd that BT didn't give presentations after the last RNS & not getting any sense he wants to talk about drilling. Its been this way since Jan/Feb with the start dates getting pushed out each time. I really hope KAV is not waiting on Sandfire to agree a JV prior to drilling.
I've joined him and have been adding into this pullback. Wanted to get in before KCB drilling starts later this month. We will then have 3 Rigs on the ground, 2 at the KCB and one in Zim. Could be the best 3-6 months that KAV have ever had in terms of newsflow and results on the ground. I certainly hope so. GLA
Started: JP2000, 31 May 2024 07:57
Last post: JP2000, 5 Jun 2024 13:20
Have you hear anything about Hillside prospect 1, two drills were completed & you'd think being called Prospect 1 they'd have drilled first but not heard a thing?
Https://x.com/andrew_neal7/status/1797920987134193935
A 5x return from these levels would be most welcome. I've added on this consolidation. The newsflow coming up here over the next few months is likely to be transformational. GLA
Pretty much every PI scratching head trying to interpret this RNS & not surprised.
Targets are in range 200-300m suggesting they will drill 15 holes, relatively shallow is good news because impacts commerciality.
Not sure about preparedness to start drilling if they still have data to interpret? We saw similar at Hillside & I commented with hindsight should they have waited for data before drilling.
Very surprised to hear still conducting IP which has been on-going for 18 months. BT needs to explain what & why?
The presentation is massively dumbed down to the point of unhelpful, very little about the priority targets and 3d visualisation, yes lots of targets but nothing about scale. Most of the targets are ENRG licences, expected a bit more from KAV licences. KAV introduces a new term "washout" which needs explanation.
You wouldn't know from the RNS Karakubis represents a major value inflection point for shareholders.
Started: justlookatthat, 30 May 2024 07:53
Last post: JP2000, 30 May 2024 12:54
Hillside production should be 3kg, $180k/m by Q3 24, these are quick wins, with new stamp mills. I think they need a certain volume to cover fixed costs but then it should generate free cashflow. Prospect 4 if drilling confirms looks like 12 months away as would need to sink shafts.
Nara tailings is $2-3m CAPEX & then $3-4m revenue/yr. Work done on plant design, likely take 6 months for delivery & 6 months build/operation so lets say Q3 25
KAV would have gone from nothing to $5m revenue in less than 18 months.
Yes, KAV getting ready for some serious revenue generation. I think this is a good time to add, before the news starts to flow in as it will be a very busy and exciting Q3 coming up. Probably the best so far, as we will be drilling with three Rigs across two projects, with results coming in from Nara as well. All imho and GLA
This is great news ! What a superb board for expansion and growth !
Started: JP2000, 30 May 2024 07:12
Last post: JP2000, 30 May 2024 07:35
Finances have been Turney's worse area, the deal struck with POW was atrocious & some of the others weren't much better. If Karakubis (starts in 2? weeks) comes off then they'll need to figure out the optimum sell/JV point, hint the answer is not immediately. In Zim, KAV needs scale & should be targeting >1m oz sites but they've got to be careful how much they pay otherwise shareholders are holding all the risks, Alex should provide perspective if not the actual analysis.
KAV is gearing up for what will hopefully be the year of discovery by strengthening its team.
Good additions brings in much needed finance experience.
Started: justlookatthat, 29 May 2024 07:51
Last post: justlookatthat, 29 May 2024 07:51
Dig Deep mining podcast.
https://x.com/kavangores/status/1795707398994157736?s=46&t=JspIXR8e-xqmKOo8mQXtrA
Started: JP2000, 28 May 2024 20:30
Last post: JP2000, 28 May 2024 20:30
Worth a read as Caledonia operate in Zim and are about 10 years ahead of KAV in terms of development.
https://www.thearmchairtrader.com/uk-shares/caledonia-mining-zimbabwe-minerals/
Started: Legalwolf, 21 May 2024 17:21
Last post: JP2000, 28 May 2024 14:58
there was a suggestion from bt it could start beginning of june, felt a bit optimistic & i reckon mid june more likely.
i'd expect bt to ramp up publicity a few weeks beforehand, a detailed presentation look at the geophysics and more detail about targets. so far its 5000m, 10-15 drills, which means 300-500m drills. assuming they'll drill shallow targets first so 300m drills, implies a target depth around 200-250m, the implication is commercial at 1% cu 12g/tag & a drill time 10-14 days so early july. to avoid accusations of ramping, kcb does contain large copper deposits but its localised not ****genous, & a bit of a needle in a haystack to find so this campaign is not without geological and drill risks.
We can't be too far away from the Karakubis drilling RNS, as well as updates from Zim. The buys are still going through.
Its been very quiet the last few weeks, tweet last week didn't add anything new.
Progress Update. All looking good and much more to come.
https://x.com/KavangoRes/status/1793893055755379075
A company and CEO that I wouldn't touch!
Started: Legalwolf, 15 May 2024 14:40
Last post: JP2000, 16 May 2024 14:03
Your response on drill results was lazy & misleading....of course you were just saying... I at least gave a considered response on drill results and even agreed there was a gap to 10m oz.
I try not to ramp but will say there's a massive list of news flow items in next 6 months and these drive the share price both up & down.
Now you're sounding rather bitter. We know how the psychology and ego works. Why not focus on a share that you do believe in rather than trying some kind of weird 'Robin Hood protector of the gullible investor' sketch on here?
On this very thread
JP2000 said: “Great opportunity for Wako to short”; and
Legalwolf said: “Yes, it's really Wako to moan about a share and in that time watch it go up 200%”
Nice chaps. Aside from insulting slurs, do you have anything to say of import? Or is it just playing the man you like? I don't hold, have no intention of buying in again. Shorting? leave it out. Also, is it a crime that I'm not hyping or ramping like the pocket p*ssers here?
Legalwolf, my post said “OK, they're up double in the last while”.
That is me admitting they’ve done alright in the short term, if you were bold and brave and disregarded the history of KAV you'd indeed be happy. Like I said, I do accept that I missed out on that.
However, for all the ramping and hype that these 2 regular posters put up about KAV, I still can’t see that there’s a cat in hells chance of these folk getting 0.5 Moz mineable gold. It’s hard to do that. There is no intercept of note in anything they’ve published to date, and I suspect there’s lots more of the same coming down the line.
All I said was there is “no tangible proof that things will work, and a Control Person who may prefer to do artisanal mining in Zims, without the need for…”
Need for what indeed? That’d be honourable regulatory compliance or circulation of any profits or dividends to the Mom & Pop investors who’ve fallen for it.
Feel free to carry on with the childish insults and name calling, but remember BALANCE is a virtue…
All IMHO, and GLTAH, but please, please DYOR and be cautious of falling for the hype again...
Yes, it's really Wako to moan about a share and in that time watch it go up 200%.
Just buy some Swako, making money's a lot more fun than moaning all the time... you know you want to!
Started: Legalwolf, 16 May 2024 12:13
Last post: JP2000, 16 May 2024 13:20
The placing @1.2 was probably the best bet, sorry..... there's too much news flow to come:
Hillside Prospect 1 anytime
Hillside multi element results "a month"
Hillside gold production inc 3kg/mth by "end of summer"
Hillside drilling early June
Hillside high res IP
Hillside claims ownership, RNS any day now
Hillside geological model would be good.
Nara final drill, perhaps some visuals & feedback next few weeks
Nara core export permits (please let this go smoothly FFS)
Nara assays Aug assuming permits
Nara tailings news & plan
KAV mining updates inc intro to new CEO, expecting KAV mining to list on Vic Falls SE within 12 months
Two new mining options seem imminent
KCB mobilisation probably in next few weeks
KCB target presentation
KCB presentation with Dave C
KCB drilling 1st or 2nd week June
KCB drilling 1 hole every 7-14 days
KCB prelim results, if good then probably get an announcement late June/July but don't expect rolling commentary.
c200m 3p warrants expire Nov.
KCB assays late Nov.
No guarantees on any of this, timings usually slip, idiot beaurocrats get in the way & weather happens so DYOR.
Looks very much like KAV 2.0 is re-rating. It hasn't even started drilling at Karakubis and has barely got going in Zim. This is shaping up to be one of the star performers on the LSE. Still cheap as chips for all the newsflow to come.
I keep waiting for the pullback to add more, and frustratingly, so far it's eluding me. Very strong stock performance. GLA
Started: justlookatthat, 16 May 2024 12:59
Last post: justlookatthat, 16 May 2024 12:59
It just keeps coming , it’s excellent the way things are being presented now
Started: Gingertom1, 15 May 2024 13:58
Last post: Gingertom1, 15 May 2024 13:58
Looking good despite low volume. Everything looking forward looks exciting. Onwards and upwards gently news due on all fronts in short order
GLA GT1
Started: ForrestGump, 14 May 2024 07:12
Last post: PortfolioPower, 15 May 2024 12:36
Tiny free float here.
Shares outstanding....... 1.562bn
Free float ....................... 326.39m
Free float here is just........ 20.87%
-
Very tightly held stock.
Sure they will all be in profit soon enough.
Going to enter break even territory for many LTHs fairly soon know a few people in the 1.8-2.5p range
Giant Cup and Handle forming as well. If we hit some copper, all bets are off as to how high this will go!
On the up again folks. KAV is really starting to look like a strong stock again. Most of the free float is tightly held. No pump and dump and just steady incremental rises with HUGELY significant drilling programmes and results to land here.
Are contracts due to be exchanged today?
Last post: Legalwolf, 14 May 2024 18:56
Fantastic pitch from BT. 10 million ounces of gold being targeted in Zim. That is outstanding and beyond expectations. So even without the copper, KAV looks like a fantastic proposition with multibag potential just on the gold. Wouldn't be surprised to see a lot more strong buying coming into the stock now. Well done BT. GLA
FocusIR presentation just finished:
Targeting 10m oz Au in Zim and 1m tons Cu in Bots. BT looking at a market cap multiples of Caledonia (c£160m)
Will give presentation on KCB targets shortly & will arrange an investor meeting with DaveC
May potentially drill more in KCB if they hit Cu.
Talked about T5 $1.8bn and getting 10% of that valuation i.e. $180m
Some new Zim projects to be announced.
3kg Au production per month by end of summer.
BT is aware of shares in issue, talked about share buy back
I know BT is the king of self promotion but I have never seen him this bullish.
Started: SuePud1, 14 May 2024 16:09
Last post: SuePud1, 14 May 2024 16:09
We hit our second target 1.37p on Friday @ZaksTradersCafe's third target is now within touching distances at 1.65p https://twitter.com/Share_Talk/status/1790397963824451790
Started: bitcoinbuyer, 14 May 2024 07:20
Last post: bitcoinbuyer, 14 May 2024 07:20
Now this is the best news , this is where the upside is...
A copper discovery... Really looking forward to the coming months here...
surely the SP will increase with anticipation when the drill starts to spin
ATB
Started: justlookatthat, 13 May 2024 13:29
Last post: JP2000, 13 May 2024 16:45
The Hillside option transfer is any day at which point KAV will be in better position to share information
Now targeting 3kg/mth production, c$200k/mth, think the original target was 1kg/mth
A more detailed video presentation next week, ...."great visuals"
Returning to drill at Hillside ASAP, beginning June.
Overall: very upbeat
The Stockbox is out. Things are getting very exciting here.
https://www.youtube.com/watch?v=uO0stKxu3XU
BT says KCB campaign about to get started in a "couple of weeks"...which from experience means 2 weeks + 1 week to set up camp & clear drill sites + 1 week for drill team to arrive set up so broadly second week in June for actual drilling
Uptick in publicity; Mining Podcast today, Investor Webinar on Tuesday, another Stockbox due very shortly. I generally find 1 or 2 bits of new information but would like to see some new material such as drill targets.
Started: Legalwolf, 12 May 2024 09:31
Last post: Legalwolf, 12 May 2024 09:31
According to good old Zak Mir! Retweeted by BT - does he have some more newsflow incoming for us?
https://twitter.com/Share_Talk/status/1783034741240758636
Started: Legalwolf, 9 May 2024 09:19
Last post: JP2000, 10 May 2024 15:55
On reflection the observations about grades at depths is missing some important points. The drill was designed to intersect 7 or 8 shear zones, going right to left so some of the intersects were always going to be deep. Because its only a single drill the results don't tell what the grades are above the intersection point to the surface, therefore there's a lot more gold than indicated. eg 1m @3.1g/t from 156m, is that part of a shear zone & what are the grades vertically above to surface? In hindsight KAV might have drilled a second hole left to right & I think Lobo Tiggre picked up on this 3 weeks ago...from KAV's point of view it was a limited scoping drill campaign but Lobo raised a good point. Note drills rarely go vertically because it gives less information.
The artisans are targeting much shallower free gold & as BT said historic grades c12g/t .A lot of that material will have been mined but KAV clearly thinks there's potential & want a follow up bulk sample.
Its quite difficult to come to any firm conclusions from this drill other than gold mineralisation has occurred within the shear zones, grades were reasonable but a lot more drilling (June) is required. KAV have 3d IP resistivity & chargeability models & aligning these with the drill results will give a good indication where to drill next.
The drill campaign was proof of concept prior to option exercise so there’s a lot more drilling to come before anyone knows the scale of the deposit. One snippet from the previous result was the alignment of IP to gold deposits.
😴
Legalwolf said: "Another good RNS from KAV 2.0."
I am not sure I'm reading the same material then? KAV 2.0 has just spent lots of money drilling a 300m deep hole, and found nothing of especial note, certainly not mineable, in other words just like KAV 1.0. and how 2020/2021/2022/2023 was billed as the "Year of Discovery"
Surprised they released this and didn't wait in case other holes have better results. Can't wait for the next thrilling update.
DYOR!
KAV didn’t quantify copper, it merely said 2-10% sulphides &vast majority will be iron based. The multi element analysis is done in JHB and likely available June.
Two observations, the better grades are quite deep & secondly KAV thinks the grades should be better based on artisan findings. KAV will need this for bulk mining.
Started: Mav1967, 10 May 2024 13:04
Last post: Mav1967, 10 May 2024 13:04
The unknown £10k trades? BUYs as one was me.
Started: justlookatthat, 26 Apr 2024 17:46
Last post: JP2000, 8 May 2024 20:29
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.
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.
Started: justlookatthat, 8 May 2024 07:39
Last post: justlookatthat, 8 May 2024 07:39
An amusing story from the BBC for a Bank Holiday read: https://www.bbc.co.uk/news/articles/clm3108jxxno