Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Opp, not sure what KAT's financial position is at the moment, they raised close to £1 million earlier this year. Check out their end of year report for 2020.
The following paragraph was contained in that same report....
"During the period the licence for the Haneti nickel deposit expired and the group submitted the application for the renewal of the licence and paid the relevant fee, all within the allowed timelines. Management considers that the issuance of the renewed license is an administrative delay."
What is this all about ? It may be nothing, I have tried to find out but I am still none the wiser.
It is well over 3 months since we got any substantial news about Molopo. let us know if you hear anything back. Thanks
Nate, I agree, the warrants are a two sided sword, at the moment they are hurting us.
If all warrants are exercised there would be 1.5 - 1.6 billion shares issued.....too many warrants were issued initially.
The lack of any substantial news is also dragging the sp down slowly.
In the near future, the only news that will kickstart the sp can come from Molopo Farms.
Still though, I am happy to hold and accumulate whenever possible.
Hi Legalwolf, you could be right about KAV drilling the three KSZ targets first. I was just thinking that IF KAV do conclude a deal and secure a second rig, there is a chance it could be deployed to the KCB.
Target B1 is obviously a mouth watering target for them, they would have drilled this first if the tdem survey results were available before the contract to drill A2 and C1 was finalised.
KAV may also decide to drill more than one hole at each target, in which case it would make sense for them to deploy both rigs to the KSZ. However, Ben Turney has stated that it could take up to 3 months to get full assay results back from the first drill hole, they will obviously have a good idea what, if anything, they have found well before those assay results.
My guess, and it's only a guess, is that if the second rig is secured it will be drilling in the KCB. As regards the ipo, I am also guessing that they will drill the KCB targets before listing as a positive drill result would greatly increase Kanye's valuation at ipo.
If both rigs are deployed to the KSZ then it will be a number of months before morula / acacia are drilled, hopefully not.
Apologies for going on about KAV, this is the POW board after all. The companies are closely linked and I am invested in both.
If KAV do secure a second drill, could it be deployed to the morula / acacia targets in the KCB jv sooner than we think ?
Both PJ and KAV see this as a company maker in its own right. PJ will be looking to drill this asap.
KAV are going to drill the A2 target first, the next target is C1 which is only 11km away so logistically the drill will stay in this area. The KCB is a long way from the targets in the KSZ.
So, will a second drill be deployed to target B1 or perhaps the KCB?
KAV have recently said that their LVR licence was the lowest risked of all their projects, but with the recent news from South Ghanzi, the morula target is now the lowest risk target in their portfolio,
Botswana will deliver company making discoveries for both companies.
KAV reported today that no targets were found in target areas A1 and D.
I think target area A1 was the area referred to by BT in his presentation, as the area where the Canadians drilled unsuccessfully back in the 80's. They had to investigate why this drillhole found nothing so I can understand why the TDEM survey was done on this area.
What I can't understand is why a TDEM was done over target area D ?
In the same presentation there is a slide showing the magnetic map of the licence with the 4 target areas marked, and target area D is directly over what I would say is an area of lower magnetic response.
Target area D is directly over blue / green which means less magnetic, while target areas A, B and C are over purple coded areas, more magnetic.
There are large areas of higher magnetic response all over this map and yet target area D is nestled in amongst all this purple?...why ?
Well done Paul and team and all at KAV, it's looking like Kanye Resources could have 2 very valuable projects in it's portfolio when it is listed.
My guess is that South Ghanzi will be drilled pre ipo, it's possible that Ditau could also be drilled pre ipo.
https://youtu.be/FiPJWqXJwcc
Good interview from Paul, the Patterson, Tati and Golconda projects are starting to show early signs of great potential.
Could anyone shed some light on the following, it is from Katoro Gold's final results released on 21'st May 2021, for the period ended 31'st December 2020......
"During the period the licence for the Haneti nickel deposit expired and the group submitted the application for the renewal of the licence and paid the relevant fee, all within the allowed timelines. Management considers that the issuance of the renewed license is an administrative delay."
Drilling commenced at Haneti on 30 December 2020.
I can not find any update regarding the renewal of Haneti licences, though I may have missed something.If it was renewed then surely it would be worthy of mention in an rns ?
Hi all, I have a quick query regarding the Haneti licences, if anyone here could give me an answer, then that would be greatly appreciated.
The following was contained in Katoro Gold's final results released on 21'st May 2021, for the period ended 31'st December 2020......
"During the period the licence for the Haneti nickel deposit expired and the group submitted the application for the renewal of the licence and paid the relevant fee, all within the allowed timelines. Management considers that the issuance of the renewed license is an administrative delay."
So, are KAT and POW now in posession of the Haneti licences ? or are they waiting on licence renewal ? If so, why did a drill campaign go ahead if the licences were up for renewal ? If the licences were renewed, when was this, was this in any rns ?
Apologies if I have missed anything obvious.
it will be 12 weeks next Wednesday since we got the last update on the Haneti project, and 12 weeks next Thursday since the assay results from Molopo were announced.
What is happening with these projects? Are there delays due to covid with the Molopo assays? If so, should we not get an update stating this ?
At Haneti, are we waiting on an environmental plan, drill contract, geologic modelling etc. ? Whatever it is, we should have got some sort of an update by now .
Both of these projects could be huge for POW, district scale potential, I just think 12 weeks is a bit too long to wait for an update for such important projects, especially as both have undergone drilling.
Perhaps there are third party negotiations?...whatever the reasons, it is not like POW to be silent on these projects for so long.
For me it's POW over KAV, though I really like both companies and am invested in both.
POW have plans to ipo 5 or 6 projects. All of these projects have low cost exploration currently ongoing and all utilising local experts. Once these ipo's happen, exploration costs for POW are finished and the projects become assets on the balance sheet. Plus, going forward there will be a continuous pipeline of new projects under scrutiny by POW's own project incubator entity to replace the ipo projects.
POW and KAV both have shares and warrants in each other, they have a 50% interest in the KCB and ditau projects, these companies are closely tied. Success for one will have some impact on the other's sp.
The KCB is now regarded by Ben Turney as being the lowest risk project in KAV's portfolio, then it's the LVR jv and the highest risk is the KSZ. IF the KSZ drills disappoint, eg. low grades, this will have a major impact on KAV, the reciprocal can not be said of POW for any of it's projects.
KAV are slightly more of a gamble than POW, the potential is huge for both.
I have a very good feeling about both companies, Botswana appears to be a great place to explore. Ben and Paul are, in my opinion, two of the best CEO's on AIM.
Good luck to all.
I'm not sure if this link has been posted on here already, Stockbox interview with PJ, dated 14 June. Apologies if it has....
https://youtu.be/Q12zMb_WMHg
If we do exercise this new option agreement in Nevada through Golden Metal, then this would be our second project in the state of Nevada....could this be the nucleus of another ipo ?
With regard to South Ghanzi, my opinion is that there will be a drill program on some of the 7 prospects identified from recent surveys, before Kanye Resources is publicly listed. The management are certainly excited with the identification of these targets and the fact that some of them coincide with zinc and copper in soils. The upside of a positive drill result could have a dramatic effect on the valuation of Kanye Resources at ipo.
In that stockbox interview, both the interviewer and Andrew say that there are 200 sq. km of licences granted, but according to rns 29'th April.... "The seven granted licences in Victoria now cover an exploration area of 848 sq km, including numerous old mines and workings and identified geological targets."
So is it 200 or 848 sq. km ?....apologies if I am missing something.