Member Info for Haffyplan

Spot on ATD, despite months of me moaning at him one of my son's finally moved them into an ISA.

I missed the webinar with BT last week and I have just found it. The link is below if anyone else would like to view it.

https://www.sharesmagazine.co.uk/video/kavango-resources-kav-ben-turney-executive-director-2022

Pumpky, yes that is correct.

The original block listing only had the 2.2p and 3p warrants listed on it which was reviewed every 6 months. The 3.25p and 7p warrants were added to the block listing on 28th June 2021.
This is the first 6 monthly block listing review since those warrants were added. They are not new warrants.

Oooops Kevin

Great posts ATD and Bwana and I 100% agree with them.
With regards to the selling I believe that it is extremely near or possibly even ended. I base this on the fact that for weeks the seller wouldn't take lower than 4.8p. This week however they started to take 4.7p and Friday they took anything they could get! Now assuming it's Kabunga (in the main) we know he needed further cash for Volt, was Friday the last day he could raise funds in time? Hence the sudden change of selling or possibly early next week? Or am I just hoping?

ST, all companies use language like "near term" to describe timescales for certain events that they do not have total control over themselves. I appreciate that it has varying interpretations, mine for example is up to 6 months but as ATD stated those are our personal expectations. The other important part of the language used was "hoping" which also potentially lengthened "near term" for me.
Despite only needing $39m Capex these deals are never easy to put together and I'm certain that the increasing graphite basket prices are strengthening our hand in Offtake discussions.
Without doubt MB is trying to get the best deal possible for shareholders with regards to Offtakes and finance etc (particularly as it is in his own interest) and if that takes a bit longer than I "expected" then so be it.

Hopefully the latter. However there has not been much buying today for them to sell into and they don't seem to want to take lower than 4.8p.

About 20 million. If I remember correctly about 15m have to be exercised by March 22 and the remaining 5m by September 22.

I have to disagree, as it looks like it has bottomed out to me. Kabunga/warrant sellers have either sold through for now or will not sell lower than 4.8p.
The spread doesn't really matter when you can actually buy now at 4.96....
News definitely imminent on a number of fronts;
FEED phase 2, Offtakes, a reoptimised DFS (obviously expect NPV to be positively affected), CISRO further testing update, finance details with debt maximised and minimal dilution.
I'm excited......

SPrinter, I'm only right if ACP have published their figures correctly (which I'm certain they have). After that it was just some very simple maths, now who could get that wrong!
Around 10m of the warrants are MB's too.

Just for clarity this is the outstanding warrants position after today's RNS.

32,201,707 @ 2.2p
25,055,557@3p
23,444,444@3.25p
18,888,889@7p
Grand total of warrants outstanding 99,590,597

O&A,
Here is my post from last week concerning finance , if it's further dilution you are concerned about. Also Bwana pointed out last week my figures don't include around $2m of liquid assets sitting on the balance sheet.
The CAPEX required is a mere $39.7m (including a $4m contingency)
If you assume the normal 70/30 debt/equity split then $28m raised via debt (short pay back period too)
Prepaid Offtakes should raise a minimum of $5m based on just 30,000tpa (this is what BlackRock have achieved).
Outstanding warrants should raise $2.6m (not including the warrants exercisable at 7p)
This leaves just $4.1m to find.....
Easy when you consider the following;
MB stated in the June 21 spongecast that he would be looking to maximise debt/equity so could easily be 80/20 split which raises an extra $4m
If the share price is over 7p (and I expect it to be) then the remaining warrants could convert raising $1.2m
Prepaid Offtakes could potentially bring in a further $5m for the remaining 30,000tpa from phase 1 production.
All of this without further dilution to existing share holders. What's not to like!

O&W, ACPs block listing review is 6 monthly not quarterly. Outstanding warrants as per the last review, 17th June 2021, were;
34,101,707 @ 2.2p
26,277,779 @3p
On 28th June the remaining warrants were block listed too with a total of 43,333,333 these breakdown as;
18,888,889 @7p
24,444,444@2.25p
Grand total of warrants outstanding 103,712,819
I 100% agree with Bwana that the majority of these (if not all if the share price is high enough) will form part of the equity in the finance raise. Personally I believe that there will be very little further dilution and the distinct possibility of none.

I struggle to understand how investors cannot see how this company is not outstanding value currently, particularly when you consider how easy finance will be.
The CAPEX required is a mere $39.7m
If you assume the normal 70/30 debt/equity split then $28m raised via debt (short pay back period too)
Prepaid Offtakes should raise a minimum of $5m based on just 30,000tpa (this is what BlackRock have achieved).
Outstanding warrants should raise $2.6m (not including the warrants exercisable at 7p)
This leaves just $4.1m to find.....
Easy when you consider the following;
MB stated in the June 21 spongecast that he would be looking to maximise debt/equity so could easily be 80/20 split which raises an extra $4m
If the share price is over 7p (and I expect it to be) then the remaining warrants could convert raising $1.2m
Prepaid Offtakes could potentially bring in a further $5m for the remaining 30,000tpa from phase 1 production.
All of this without further dilution to existing share holders. What's not to like!

I would be surprised.... I hold both and certainly won't be selling any ACP until at least production. News flow will swift now.

https://youtu.be/Ty0jB3RGy9A

Yes Wasa, you are correct a total of 103m outstanding warrants. So potentially 604m shares in issue in the future. Fingers crossed that they maximise debt versus equity in the finance raise, as alluded to by MB in the money sponge investor call the other week.

This is a new block listing for the remaining warrants that had not previously been included. They consist of the warrants granted in the following subscriptions.
30th April 2020 24,444,444 exercisable at 3.25p
28th May 2021. 18,888,889 exercisable at 7p

Mr.Flibbles, yes it is. This is referred to in the DFS RNS dated 13th March 2020.