Member Info for fbrj

chennovitz - you asked:
"Clarification question, people are saying that share issue number for Molopo is fixed, but we have this:"

Yesterday I posted this which should clear things up for you! Basically, whatever the sp at the date of issue the number of shares issued to the vendor can only be between 21.3 and 23.4m

"My understanding of the option deal is:

10 days below 5p - 23.4m shares issued
5p - (10 days above) 8.8p - 21.3m shares issued
10 days above 8.8p - 21.3m shares issued

So, providing the sp is above the lower trigger level (below 5p for 10 days) - whatever the sp is at the time the option is exercised (5.0p - 50p say!)- the number of shares to be issued is 21.3m"

LegalW yes that is the risk the vendor took (shares at 3p at time of issue). However he could have insisted all/some was paid in cash, say 50/50, to protect his downside. Whether any cash was available (small placing to fund?) would have all been part of the negotiations - who blinked first in pulling out etc. The vendor must have taken the view that below 5p he was protected a little, but overall was keen to sell and participate in the upside.

Ella I agree with your 16.38 post!

My understanding of the option deal is:

10 days below 5p - 23.4m shares issued
5p - (10 days above) 8.8p - 21.3m shares issued
10 days above 8.8p - 21.3m shares issued

So, providing the sp is above the lower trigger level (below 5p for 10 days) - whatever the sp is at the time the option is exercised (5.0p - 50p say!)- the number of shares to be issued is 21.3m

Re Molopo - isn't it KAV's option to exercise? From the RNS "Kavango can exercise the option at its sole discretion."

So not sure the vendor is in a position to "finalise the deal" as you put it. KAV can proceed (or not) when it decides over the next couple of weeks or so.

Plenty of conjecture has provided some interesting musings. In terms of speculation - as time goes - by I am increasingly in the positive camp in that any really "bad" news should have been announced by now.

However, what really re-enforces and underlies my position is the timetable of recent events:

17 Dec - pre Xmas drilling update and break (DHEM survey, depth reached, casing, increased Siemens, B1 size etc etc)
10 Jan - NED Michael Moles - co founder of KAV - acquires 9.1m shares at 4.5p for £412,000. Not exactly pocket money and also well above my own average price.
10 Jan - more options dished out - or, more properly, "awarded" - to our Chairman and "senior consultants"
17 Jan - after a 4 1/2 week break (during which no new exploration news could have been announced), drilling recommences.

Also, as others have mentioned, KAV has attracted a new team of senior people and has apparently been able to lure them away from better remunerated actual/potential jobs with equity options to make up the shortfall (and potentially much more). If they have been persuaded by what they have seen/know - why shouldn't I trust their judgement too?

Layla - all I did was to download the app and the search for "Kavango Resources - #KAV".
I think recent joiners now have to then message the admin "Marlow" - (see pinned message No 9). The reason being an outbreak of bots!

Mhead - I agree, pleasant board to contribute to and BT has been doing a cracking job keeping us updated. One way or the other we are in for an interesting few months with "the" drill followed by KCB! I've been invested for quite a while here, probably chasing the SP like everybody else but at least I'm ahead by approx 40% on my 2.85m shares.

For those who don't know there is also a good thread on Telegram

5.7 v 5.9

2 v 1

only 1 MM on 5.9

5.7 v 5.8p
1 v 2

I was intrigued by the flurry of £100+ buys all within a few minutes. Anyone have any idea what all that was about?

Cox those two "large chunks" being sold were nothing of the sort!

I was transferring a part holding into an ISA. You can often tell if those type of trades go through within seconds of each other - as was the case here.

Read the RNS DD cannot buy at the moment without approval from ARS.

Throughout the exclusivity period and the execution of the Binding Agreement, both parties are restricted from acquiring shares in each other, unless otherwise approved by their respective Board of Directors.

Beetham - the info in your post is 6 months old and was announced in February. The SEC filing dated 7 July shows the issue was cut by 50%. I'm not sure it has actually closed.

Five - on the a d v f n thread I've posted my T e l e g r a m post....showing Manini Gupta connection going back to at least 2016 - they were on the board of an Indonesian gold miner together called Agincourt Resources.

Five - can you show Gupta's involvement with the Indonesian EV battery sector - or isn't that what you meant?

updo the reason Gupta is not showing up on the board of commissioners is because he is "nominated" ie yet to be approved shareholders .

How do they know that the Primary Conductor is at 370m? Seems very precise.

I don't understand why Spectral didn't appear to know that there might be an issue with the casing beforehand?

.....and indirectly all the other assets - which might then appear seriously undervalued!