Member Info for Fukurokuju79

Read the POW RNS too.

Different words and nothing extra really but they worded as...

The core from DITDD004 contains visible siliceous and haematitic zones, with local pervasive pyrite manifested both as disseminations and in veins. Extensive fracturing (brecciation) is observed throughout the Zone of Interest and elsewhere in the hole.

Just thought was worth sharing albeit we just have to wait to hear back from testing etc to find out more.

Lol Keith. Made me chuckle. I was hoping they would find something pukka ;)

I'm all tied up otherwise I would too for sure

Thanks Keith as usual always interesting!

As for 'KAV need to stick in a few deep boreholes!' defo agree.
I think they intend to go back and drill at the GRS and hopefully this year but clearly BT being a little cagey not to confirm before definitive.
If they find a spot that can test the 16k siemens and the deeper potential IOCG then it sounds like they could but I believe they'll try re test the 16k and other potential orebody again first as primary objective then go deeper if they can.

Anyway it'll be interesting to see.

Atb

Well no one can tell for sure but we'll have a very very healthy cash / stock holding balance after the casa deal and AA deals fully complete.
With further cash coming in for a number of years.
The growth killer known as dilution is no longer a worry. That's a very important point to me with this deal plus the free carry.

Clearly the major value will be unlocked by the Zambian assets at the moment, but we also have Botswana to go at while AA sink the best part of $75 million dollars into the ground.
Plus it sounds like we may acquire a further modest bit of land in Zambia.

This should be trading higher no doubt. If I had loose cash I'd add to my position here for sure even though it's already large enough to be fair.
Forget the humble pies that some have had to eat, I'll eat the kitchen table if we aren't much higher over the next 0-6-12-18-24 months.

AA don't throw money like this around, with a junior at this stage of exploration, unless they have some significant confidence. They certainly don't offer deals like the one ARCM managed to get at their stage of exploration.

As for when and how much this rises will depend on when and how much they find. Stating the obviously but point being you just can't guess the share price ATM and also you can't account for the markets we operate in. Let's face it this price is crazy after that deal. Markets are not rational.

Whatever the future price, be it 30, 40, 50p or more I'm confident of one thing today, the direction will be up.

I'm expecting a similar share growth journey to that of ggp post deal in q1 2019 personally. I think this deal is actually better tbh. Weve also much less shares in issue.
While clearly its not a like for like situation, with drills turning and a stream of decent results it'll certainly be a fun ride.

I'll let the markets do what they like. Value will be shown in the end.

AIMO
Atb all

Yep I was the same fulmar. Expected about that uplift and we got it early then it was sold into fruit reasons discussed previously here.
I had anticipated a rise today also bit not yet. I/we can't control the markets but all I/we can do is put our money where we see opportunity.
I wasn't selling before the deal Im damned if I selling after the deal and before they get many drills turning. I generally base my targets on market cap as shares in issue increase and price is a derivative of those.
We are well off any sort of value I'm looking for. Well off.

Atb all

Yep I was the same fulmar. Expected about that uplift and we got it early then it was sold into fruit reasons discussed previously here.
I had anticipated a rise today also bit not yet. I/we can't control the markets but all I/we can do is put our money where we see opportunity.
I wasn't selling before the deal Im damned if I selling after the deal and before they get many drills turning. I generally base my targets on market cap as shares in issue increase and price is a derivative of those.
We are well off any sort of value I'm looking for. Well off.

Atb all

Fair play.
Atb

Worzel, What did he say about ditau and what did you believe his expressions related to?
I will try catch later

They wouldn't have to wait for due diligence IMO no. If they (AA) are happy to proceed at cost with a risk the deal won't go through but then I'm not sure anyone thinks this deal will fail now after so long in the works. I'm told a few weeks and they want to get started.
Plus as per the discussion yesterday due diligence isn't new here. AA completed DD previously at company and asset level. Sure there is some paperwork shuffling and logistics and final minutiae clauses to document but all parties are drill motivated for this season.

As for share price reaction. Agree with what's been said. Bad market ATM. That said when the deal settles in, market improves and drill is turning that'll see us gaining. Plus potentially warrants and traders in for the new probably exiting

Yeah I'm with you there Metal BT seems good egg to me too, has my support.
Don't see any value in progressing any short theories though.
Back to business as usual IMO.
Laters all.
Ngt

Hi troajan

Yeah I'm aware of stagflation.. But hey if / when they look to increase interest rates you never know we could just stick our cash in a high interest account and make 3p on the thousand. ;)

Ngt all, Atb

Well at least we now know his thinking. Bottom line imo is best to let it be and move in and focus on the year of discovery. Shareprice will then sort itself out.
Atb ngt all

Following the interest, uncertainty and theories flinging around I've been engaging with Ben on the situation to understand it better. I've been advised it's okay to share this on here. So below is a copy of the position from my conversation with Ben, word for word....

'Shorts tend to take a portfolio approach, so it’s nothing personal towards Kavango

Private shorts must disclose positions >0.5% of the issued share cap. Market makers have other exemptions but have to apply for these in advance

A week last Friday I got an unsolicited approach from a broker who I believed is connected to parties that short, offering to put money directly into Kavango

I’d already noticed suspicious trades

Over the Bank Holiday weekend the telegram group lit up with intense personal attacks on the company and me

On Tuesday and Wednesday the “selling” accelerated and looked like it was being deliberately done to pull the price back

I acted on Friday to do the raise

The raise was then leaked on Saturday night

On the Monday morning the same broker who had approached me directly sent me an angry message demanding to know why I hadn’t taken his offer

There is more evidence I’m working on gathering. If that plays out I’m going to report this privately to the FCA

These are my private views and Kavango will not issue an announcement about it. I am acting on my own initiative

Worst case scenario I’ve got this wrong but we’ve brought extra money into the company to help see us into next year. The dilution was minimal which is why we didn’t take the full amount offered to us

If I’m right I’ve saved the company suffering severe damage

On this basis I had to act'

Hope this helps all
Atb

On the basis of my previous post for a short to be deemed an attack their has to be something other than just a short or even an undisclosed short. So I decided to do some digging and I did come across an article by share prophets / Tom Winnifrith and I wonder if perhaps Ben may be suspecting Tom Winnifrith or share prophets of a short attack.
Anyone seen any other kind of articles?

https://www. share prophets .com/views/62134/kavango-resources-would-ben-turney-of-old-slate-this-slick-promoter-for-sophistry-or-worse

You'll have to take out the added spaces

Bear markets are a bugga but commodity prices normally do well with higher inflation so as an unhedged producer there are worse stocks to be in than RMM.

I don't think the current drop is related to RMM specifically, it's broader.
That said, bear runs are never fun and you either decide to sell out of almost all stocks and hold elsewhere or hold through them and even potentially add where you can. Just look at almost any stock from around march 2020 when they bottomed. Your stock picking method could have been to throw a dart at the financial times around then when prices were low and made a decent size return since (until of late).

Personally I don't think anyone can tell you where the bottom is but if you/I and others saw the value here at higher prices then a lower price isn't a concern as much as an opportunity IMO.
Can it go lower of course, is it a bargain yes, should you sell, add, hold only you can determine that tbh.

Personally I've added as it's great value but whose to say it won't get even cheaper. No one can really tell. It also depends on when you may need access to the money etc

Atb

MH perhaps it's not inside info related but at the time BT made his tweet I was writing my message to ask if he had actually said it was shorting! So that was a weird overlap with his tweet.
The reason I'm not sure I'm following the issue and why I'm puzzled about is why he considers a short of KAV as a dark force.

As you'll know a short is basically a borrowing of a share on margin that's sold and then bought back at a lower price when it's closed. In the anticipation the price to cover the short is less than what you borrowed/sold it for. You'll only ever make a 100% profit on a short (unleveraged) but can lose more if it goes long.

So the only dark things I can think of around shorting as an attack is..
a) if it was a typical short attack e.g. Shorting a stock prior to a coordinated slur of the company in the public for example what muddy waters did to Burford Capital a couple years back.
However I've not seen any public slur of the company of any magnitude....unless it's somewhere on twitter I haven't seen?

b) The second short scenario I see as corrupt is of someone shorting a stock knowing something others don't e.g. inside info. So examples being negative news, or a placing and someone shorting (borrows/sells) pre placing / news and then buys back after placing /news or even takes part in placing and also gets the warrants. I'm not suggesting it's these as I think BT is happy with the First Equity as he offered to introduce me to them.

Other than the above I fail to see how a short (undisclosed or not) is an attack on a company that needs the CEO to get into it.

Anyway my point is a short itself isn't an attack, so their must be something more to it.

Atb

Has e actually said shorting, I can't recall his specific words.
It could be a number of things. Sellers in a tie in period, large holder selling after a quarrel or not liking something that's being worked on etc
Just have to wait and see.
Either way the sp will have been impacted by the broader market tbh and Ben seems to think he identified whatever it was early..
I personally believe it's somehow linked to content in a yet to be released RNS as otherwise he would have said whats happening already IMO.
Find out soon enough.
Where's columbo when you need him

gbav - fair enough. However on that basis as you've read all the info, been in the calls and know the history I'm baffled as to what DD you actually think needs to happen after the last 1-2 years between AA and ARCM.

Besides as said they are all very keen to turn the drill and they aim to be 'getting going in a few weeks'.
I'm not saying the legal i's and t's won't take a little while but they'll be cracking on to exploration.
Obviously the drilling will unlock the returns but hopefully we'll get a world class major with experience to commit to spend 75 million USD on it.....oh hang on.. :)

Im not sure anyone is 'spinning' anything on here. tbh. Fairly balanced given the news today I thought.

A short attack (of that's what BT believes he has identified) would be a targeted one on this case Legal. If it was a short on an index, commodity etc BT wouldn't be making the noise / statements he has.
It could be a load of different things so we'll find out more soon. Maybe tomorrow he mentioned later this week so perhaps an RNS tomorrow (or Monday) and an interview where he will confirm what he believes has happened. Perhaps he won't say as it's linked to a pending announcement that's disgruntled someone etc.
He has indicated / said he has nipped it in the bud though. I think today was likely generally market sentiment, the type of stock this is and a wide spread.
As you know less traded / liquidity shares are more volatile so that works both for an against us shareholders. MMs encourage and discourage trading by widening and shortening the spread between the bid/offer etc.

Is what it is today. Generally bad day all around.

Atb