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They were published last Friday. They're available for download on the Echo website
I'd expect a large drop on monday . That's a stinker of an auditor's report. Disclaimer of opinion is a massive red flag. They are really going to struggle to raise any investment with that black mark on their report card. Also the pre suspension Mcap was 1.5m. As we are now just a cash shell with no assets I'd expect a drop to closer to our cash position
I've never quite worked out the point of an after hours RNS when your share is suspended from trading
Companies House website. Next accounts made up to 31 December 2022 due by 31 December 2023. Due date was Sept 31st up until a few days ago
No is the short answer. They already had an agreed extension until the end of September but they've now requested and been granted a further extension to 31st December. Why the further extension if they were on course to meet the September deadline They have no intention of publishing in September
Forget it. According to companies house they now have until 31st Dec to publish their results so expect another Ctrl+c, Ctrl+v RNS at the end of the month
As a side note if you want to see what happens to a company's fortunes when they kick James Parsons into touch have a look at Corcel (#crcl)
No is the short answer. They've been granted an extension until 30th Sept so we wont see anything before then.
Tomorrows RNS
Ctrl+C, Ctrl+ V, find and replace date, submit
Not sure about lights out, but I would say virtually no chance of results being published by end of August. If you look at the Companies House website, the results are not showing as overdue any more and the due date is now Sept 30 2023 so they must have got an extension. If they've been granted until the end of September than that's how long they will take.
Same as last year they were about 3 months late. they just remembered to request the extension in advance last year
He's just bailed on Corcel today
I suspect the point of contention with the auditors is whether they are willing to say that they believe Echo is still a going concern in the auditors report. I doubt very much they delay is because they cant find an invoice
HL don't usually publish online voting forms for AGMs/GMs for AIM listed stocks, only main market. I've certainly never seen them do it for any of the AIM listed stocks I hold. If you want to vote you need to use the secure messaging facility in the HL portal. Just give the company and AGM details and list how you want to vote for each resolution
I suspect its more likely he said something during the interview which on reflection should have gone into an RNS rather than an effort to conceal something .
I would imagine their advisors would have reviewed the recording before publishing and it was a quite a wide ranging interview and he maybe strayed close to the RNS line a number of times. Possibly by announcing the drill start date for the KSZ (today I believe it was), that kind of thing would normally be in an RNS
I'd expect the recording to be published alongside the next RNS. If not and it disappears into the ether then I'm sure we can all start racking our brains to try and remember what he let slip
The AGM notice has been published to their website
https://www.kavangoresources.com/component/rsfiles/download?path=Notices%252FKAV%2BAGM%2BNotice%2B2023.pdf&Itemid=437
Res 1 - Accept Annual report (yes why not)
Res 2 - re-appoint auditors (fine by me)
Res 3 - Accept remuneration report (you must be joking)
Res 4 - reappoint Jeremy brett (aye ok)
Res 5 - Reappoint PWB (no problem)
Res 6-9 - Dilute existing shareholders to hell and back - (not a chance)
Slowly
Sorry , I should have tried to format it better. The post was on 27 Apr 2023 07:13 on the POW board and followed POWs RNS re their Malopo farms results. The bulk of the post was a direct quote from their RNS so yes it was Sean Wade being quoted. Only the first sentence and the ouch at the end was from Keith himself. He was clearly referring to KAV but TBH i think he was being slightly mischievous , as was pointed out in the subsequent discussion, POW never released their conductance readings for Malopo so there's no way of knowing if they were in the same ballpark as KAVs
full text of Keith's post below:
"Some shareholders of other companies looking for Ni-Cu-PGE orebodies may find this rather disturbing:
"TDEM surveys have sought to recognise conductors caused by massive sulphide bodies. To date, as no such bodies have been found, the usefulness of TDEM surveys in this environment remains limited.
All eight of the drillholes completed by KKME and Power Metal were sited to intersect electromagnetic ("EM") geophysical conductors. However, in no case was an obvious geological unit which was responsible for the EM signature identified (causative body). In the past, it has been noted that EM surveys will detect faults and areas of saline groundwater, and sheared serpentinite are also known to act as good conductors."
Ouch."
Keithoz hasn't been on this board for a few months now as per posts below. However he did make a pointed reference to kav on the POW board much more recently
"Some shareholders of other companies looking for Ni-Cu-PGE orebodies may find this rather disturbing:
"TDEM surveys have sought to recognise conductors caused by massive sulphide bodies. To date, as no such bodies have been found, the usefulness of TDEM surveys in this environment remains limited.
All eight of the drillholes completed by KKME and Power Metal were sited to intersect electromagnetic ("EM") geophysical conductors. However, in no case was an obvious geological unit which was responsible for the EM signature identified (causative body). In the past, it has been noted that EM surveys will detect faults and areas of saline groundwater, and sheared serpentinite are also known to act as good conductors."
Ouch."
Fully funded....Resourced to make a discovery...Investors showing confidence in KAV.. Sound familiar anyone. All the soundbites we were told last October when he carried out the "greatest fundraising ever seen on the LSE" (less of course the £0.5m that's still missing). And here we are 9 months later with nothing to show for that £3m. If he can fritter away £3m for nothing I'm really struggling to see how people can think he's going to work wonders with £6m
Excellent summary JP, agree with what you've said and that's why I'm still invested. Compelling assets and I also think there are enough adults in the room to keep BT's amateurism in check. Ideal scenario would be to get rid of him but I don't think hurried search for a new CEO would do us any favours right now and we would risk ending up with an Andrew Bell/James Parsons lifestyle company CEO. Unless of course Peter Wynter Bee is willing to step up to the plate in which case P45 ahoy