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Looks like a couple of sells on 18 July killed off the buying interest that was emerging. Nice RNS and Proactive video yesterday might help to bring the buyers back. A lower spread might help too. All in good time.... GLA

CORRECTION: Last sentence should read: That would be a good thing in my view.....a bit of short term pain for longer gains. GLA

Looks like several people have placed their orders, but I’m not one of them.

People may be right when they say that a farm-out is imminent, but perhaps due to its (small) size it will be to another quoted minnow who may want to put their own spin on the assay results. Maybe the farminee is writing a CPR. Kavango may end up with a few shares in another quoted minnow and a focus back onto exploration of the project they originally raised the money for.

That would be a good thing in my view.....short a bit of short term pain for longer gains. GLA

It’s a bit weird isn’t it? Was there nothing in the results worth highlighting? Would it not have been worth saying that results were “promising “ or “encouraging”? Why go on to talk about the main focus elsewhere? It could all be fine but is concerning. It looks half baked and written by committee. Let’s hope the positive view prevails. GLA

This company remains very much below the radar. Fundamentals look good. Just needs a few more announcements like today to build interest and action. GLA.

Normally, these kind of unedifying spats between competing Aussie teams are confined to the ASX. TBH, I figure they are almost as bad as each other. What I would say, is that people don’t fight to control a lousy business. I do think the victorious guys will be chastened and at least for a while we can expect some attempt at aligning interests with shareholders. It’s not without risk, but once the losing side have sold what they want to I think there will be money to be made as a recovery play. GLA.

The two statements are consistent; they have been meeting and kissing a lot of frogs but none has turned into a handsome prince yet. Whether one believes that that is a true characterisation of the situation is another matter. Misleading investors in an RNS is not a great place to be for the company, so I’d be inclined to believe them. GLA

I haven’t checked your maths but yes you get that right in terms of £300k. Feels like confident management selling off a distraction because they know something more worthy of their attention is coming. The sale price looks like buttons but maybe it helps them avoid a work commitment. They are not mugs; they will have done the economics. Patience is about to be rewarded I hope....GLA

Well it’s good news for holders that there is no 07.00hrs RNS to stop this in its tracks. Should get off to a good start. GLA

I get the point that there could be some short covering of some forward sold shares but at the end of the day, it doesn’t usually go well when shareholders vote down something that management has put forward..... they needed the money for something, and now it isn’t there. Best outcome might be for management to try to reconstitute it as a convertible loan or something that doesn’t require shareholders approval. That would avoid equity dilution until an RTO. GLA

They have mistakenly classified RBD as a PRIIP, a packaged retail investment product. RBD would need to provide a Key Information Document to untick their box. You can sell via Halifax but not buy! Sounds like April 1, but sadly true.

Fear not SL, I’m done now! I figure you are a holder so I hope it comes good for you. GLA

I’ll leave the downside elaboration to others if they wish..... I wish holders well

Truthfactory: I wish you well with this.... I know what the company said about costs to initial production but however we look at it, money is too tight for a project of the scale needed. The SNPC move announced today probably prevents any enforcement action from AAOG and chances are that further payments will only be made from production. It is effectively a carried interest. It could all come spectacularly right in the end which is the upside case, but there are several less favourable scenarios possible which give investors pause for thought. GLA

I have not been a holder here for more than a year but I keep an eye on things.... News today is of course positive in that the debt is recognised and a bit of cash has come in. I don’t think the company is “over the hump” yet though as it needs funding to production. Having a non-performing partner would be an obstacle to further debt or equity funding so today’s announcement is a step in the right direction. Does it decisively tip the risk/reward balance? We’ll see in the market today. GLA

A vast number of shares sold but less than £40k at the recent placing price. Looks like some bucket shop just wanted rid of some bin-ends. Hopefully, the new holders will get with the plan which is to give this some air, do a deal and make some money back for investors. GLA

This will move north IMO. Selling volumes are minuscule and serious people and serious money are committed at 1.45. GLA

Halifax have issues with cash shells which they have mistakenly categorised as PRIIPS - basically packaged investment products. They then require them to act like investment funds and when they do not they decline to let you buy them. We know that CHF has an asset now and is no longer a cash shell, but the bureaucratic world may not have kept up. If enough people have the same problem I guess CHF will try to do something about it. GLA

Not good news for those who cling to the idea that Halcyon has a future with PSL. Perfectly OK for those who are waiting for the Phoenix moment - no point in spending time and money having a nomad run the ruler over a director who will not play a future role. Nothing cut and dried here in my view, but all to play for.... GLA

My understanding is that they are tying up land deals around the areas of interest and that they decided to do this below the radar without publicly exposing their strategy to landowners. Hopefully, today’s announcement of the appointment of Mike Parker as COO signals that they are ready to start talking to shareholders and to the world. Hopefully too, patience will then be rewarded. A decent copper resource within the EU should be an excellent asset. GLA.