Member Info for Bozi

RedKnight1

I fail to see the relevance of your post at 15:47 to the point I am raising in response to Addicknt's train of thought.

If there's a hostile relationship with our suitors, as we've been led to believe in the recent past, then they should not be waiting for the PFS to come to the table. I find this a convenient excuse for those looking for angles to support their short term bid view.

These majors have internal resource, they have access to analysts and they have access to independent study service providers. They have everything they need and they make early investments in companies like SolGold and Filo Mining to get boots on the ground and eyes on the drilling and geological data.

I'm also slightly disturbed that SolGold are keen for you to carry on acting as a conduit for what should be confidential conversations with your key individual.

I know that policy has changed following last year's events surrounding the Tandy MRE and the reaction to some information you shared from your contact. A slippage of this stance right now given the phase many think we are in is concerning.

I also say this in the politeist way possible given current animosity with POLY investors and recent arguments between ourselves but you don't speak for me and you shouldn't be speaking for the company. The company has many channels and mediums through which to communicate and should not be passing their message out via a private investor who is being helpful in the quest for gravitas.

So let me get this right, BHP or anyone else waits for the PFS just so they can refer to the key economics of the project and claim a fair price is being offered?

How about flip that question and ask why BHP or anyone else hasn't lodged an early bid in order to force the company to release the PFS it has clearly been sitting on?

Surely an acquirer wants target shareholders to be in the dark on what is a fair value for their company? Then it becomes about perception, and the perception is that there's a lot of investor fatigue and therefore a low-ish offer is more likely than ever to sneak through.

I think we've all agreed in the past that BHP have enough access to SolGold data for technical purposes to form their own opinion based on their own assumptions. I'd be very surprised if they haven't created their own dummy PFS and I'd go as far as to say that they'd not need more than a 10% +/- tolerance on the key metrics.
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Understood Legalwolf, however I think you've approached this from a mutual POW/KAV point of view. I can see the benefit to POW of having KAV involved.

However, the question for KAV shareholders should simply be "is this worth KAV diversifying it's asset base further"?

Time will tell of course as we see how Molopo develops vs KCB and Ditau.

Best of luck to KKME.

Stan Accy - are you connected to KKME in any way?

A company can have all the roads, electricity, water and labour sources it wants but if it does not have the necessary concentrations of minerals then it is nigh on worthless.

Let KKME plot their own way forward from here. KAV made an offer and then an updated offer and one shareholder would not agree. That's life. It's not on KAV in any way, unless you expect them to massively overpay?

Legalwolf - re your 19:27 post last night.

What excites you about the results to date at Malopo? They look distinctly ordinary to me.

I also think you're over playing the fact KAV we're willing to push Ditau back for Malopo. It just means they like Malopo more than Ditau but it's hard to have a clear view on that without knowing how much they like Ditau.

We've got plenty in the KSZ, Ditau and KCB. Should we be reading into all three of those being naff given we were in the hunt for Malopo? I'd sincerely hope not.

The whole taking on a project and adding value line is fine when the company maintains focus and is sufficiently funded. I feel that acquiring Malopo would have put strain on both of those factors.

Hey Addicknt I never thought I'd read that closing gambit from you ;-).

Good post though.

Thanks R4J. Must admit to having not heard that Stockbox interview. Do you know which one it was?

I do SeanHunter, yes.

Whether it's BHP or another. Part cash part scrip are the standard structure.

Happy to be wrong though with cold hard moolah.

Not sure what you find so abrasive about my tone F79, but comments noted. I did ask you for a reason by the way - because I know you are also an investor from the early days of KAVs market listing and had therefore followed all the trevails to date.

I've just had a look at your posting history and there was one I'd missed from yesterday and in fact it would appear that we're quite closely aligned in our views.

Just to clarify, I'm not here to bash. I want KAV to be a success but I'm struggling to understand why the company is taking this course. Clearly I need to be a bit more patient and wait for either the KKME to be done and the rationale behind what is so exciting about MF to be released or alternatively for the deal to be shelved and the previous plan resorted to.

I'm also eager to KAV to get over to the KCB. They found some rip-roaring anomalies in some interesting geological settings and it's virtually our last priority. I see it as the company maker.

Not really Fukurokuju79.

I'm more than willing to have my mind changed. BCBs arguments aren't strong enough but I'm willing to listen to yours or anyone else's.

I'm not seeing them. Instead there's a patronising "no point explaining myself because hopefully you'll be able to sell out soon".

You might want to sell up at 59p then Sean because that is a nigh on certainty.

Keith, please can I ask for your geological view on how what was interpreted as a single 8200 Siemens conductor can be missed with a hole vectored to intercept the middle of the area, only to turn up what is now believed to be two separate conductors?

Or to simply put it, why was this not detected in the original models? Surely different areas of the target would have shown different conductance readings and KAV should have been aiming for the strongest section.

I've no issue with the way KAV does things. They're taking a scientific approach using technology that has advanced. Fantastic for them to utilise that edge, but they need to remember that they are a pre-revenue listed company and with the hypothetical concept based work they are also reportable to shareholders and the goal should be to grow the company and leave it less susceptible to new equity issues.

Metalhead25

Can you tell me why the company would deprioritise the projects deemed previously to carry the lowest technical risk over projects that Ben himself admits are much more technically challenging?

Lets not forget that it's Mindea who do the drilling and Spectral who do the surveying. KAV just control the cash, help to interpret the results and present them to the market in a suitable way.

I'm happy to be proved wrong but KAV for me have gone completely the wrong way about this to me and it's borne out of doing highly questionable deals.

That's all well and good Keith, but let's not paint Power Metal Resources as an entity that carries any respect in this space.

They're a tinpot outfit run by an investor in junior resource companies, and one with a chequered past at that.

KAV are only slightly more respected given the hires they've made over the last 3 months.

Your last point is quite right however. It's something I've been mulling over and as things stand, I think the next run up will be my opportunity to leave you to this one.

Cheers BCB, points taken fair enough.

Well, the lack of deal specifics was one of my reservations BCB. The fact the company has announced a proposed acquisition without talking about the consideration doesn't light my fire unfortunately...

Would you say the publicly available results to date are that compelling? I'm not sure I would. If they were then you could guarantee that a partner of medium to large size and much deeper pockets than KAVs would have muscled in ahead of us. That's a knocking bet.

It's not that I don't trust Ben. I find him more a salesman than a leader. That's his skill set from what I can see.

I'm not talking about hook a duck every time or anything like it, but what I don't want to see is lots of unnesessary dilution whilst they wash different projects through. You say yourself that we have the 16k and 2.5k targets at KSZ B1.

There's enough to go at just on the KSZ alone for a company of KAVs size.

Can I ask why you are 100% happy to run with whatever deal Ben and team decide? That's a lot of faith given the SP has halved from it's 2021 high. You have clearly done well trading the edges but might I suggest that is good decision making on your part rather than on KAVs.

As things stand we have drilled holes in the KSZ and Ditau and whilst they have been successful in terms of collecting cores and taking surveys, they do nothing for making a commercial discovery.

Do we really need to add a project at a similar sort of stage in Molopo Farms?

BCB - people generally aren't positive because today's news adds further uncertainty and it's an unneccessary development.

Who are KAV to be trying to strike a deal to acquire KKME at this stage in our development and more worryingly, why are there no details of the proposed terms in the RNS? We're hardly a shark in the market, we're a sardine ourselves and there's a lack of detail because I'm fairly sure it's going to contain quite an unwelcome sting.

Turney has been shopping despite doing showing nothing to suggest that we're in a place where we can afford to go shopping even. The writing was really on the wall when Michael Foster stepped aside.

This is rapidly losing the identity of the company I invested in. We've got those licences next door to mining royalty (royalty) yet instead we're looking at another dilutionary event to get KKME on board. That's before the next dilutionary event to pay for the next exploration campaigns.

What do you expect is going to get the market excited again? A drill hole at Ditau or a couple on the KCB? Unlikely.

ColonelDrake - I'm making the assumption that CGP would tender their SOLG shares in any offer scenario. It curries favour with the offeror and the cash element bolsters their own balance sheet, which, for a non-operating junior, strengthens their hand where their 15% of ENSA is concerned.

I must be honest. I haven't shared the enthusiasm for a competitor in some time. I'm also (pleasantly) surprised at the Mining Journal article last week, despite it meaning SOLG will change hands for a relative snip.

A fantastic opportunity that won't fulfil it's early potential for a number of reasons, of which having a PI base that is keen to sell before the teeth of the impending copper supply deficit, is one.

0003apc

One is a typically board position, one is not. In many organisations the CFO reports into the FD.

Indeed Colonel. Rio trying to buy the remaining 49% of Turquise Hill, which gives them 66% of Oyu Tolgoi.

The rest is owned by Ulan Bator (source: FT).

So $2.7bn for half a company owning 2/3 of a project with less than half the reserves at Alpala.

And yet nobody other than 1 or two on this board seem to be asking what the blue hell BHP think they're playing at.

We're talking about Mongolia as well. Not to mention all the construction issues, environmental foul ups etc.

Yet people on this board will happily tell you that 50p is a fair value for SolGold...