Member Info for JP2000

KCBRD006 is unfortunately following the same modus operandi as KCBRD005 & KSZDD002, drilling conditions quite difficult & technical in brecciated zones and this is evident from the core tray samples. KAV comms seem to completely close down when they encounter issues, they sit on information for far too long and then go to defensive when progress has been very slow. I can understand the drill teams & geologists don’t want a running commentary and BT gets a bit precious about criticism but part of the job is stakeholder management.

30-33 days to drill 428m, unless they got the Mindea D team then yes it will have finished probably a week ago.

Dead cat bounce today but profit warnings go in threes

Friendly advice: unless you're a very experienced investor then sell on the next uptick. If you want mining exposure go for companies that have found economic grades but still have exploration upside eg FCM, companies with or very close to creating resources , near term production or more mature miners about to start paying dividends. Avoid at all costs the pure speculation plays like PALM or KAV, in terms of risk they're 9.5 on the Richter scale (analogy)

Unfookingbelievable. But this presents opportunities....

Reverse the London listing into Panther Ltd. Return the equity stakes to Panther PLC shareholders, give/sell Obonga back to Lianne, swap the remaining licences for FCM etc equity and return to shareholders.

Do you not mean the invisible COO?

Directional drilling is a really good point. Oil drills seem to routinely do this but mineral drills always seem to be linear?

What are the "curve balls", the alternatives to massive sulphides?

I'm hoping JB either conducted a new EM or reinterpreted the existing raw data on 082, he's had 2-3 months to work on this.

I suspect the appointment was political. We don't know who was responsible for geophysics and the anticline/syncline issues on 082, my guess is KAV founder Hillary Gumbo. That said KAV missed several targets in the KSZ where JB was responsible as a consultant. BT did say the B1 was a completely different issue due to two conductors.

Agreed but Darren needs to pull his finger out and find some commercial Ni, Cu, Au, PGM

https://twitter.com/KavangoRes/status/1623829323760250882

Rehashed distracting BS or KSZ jungle drum beat?

(the content was actually interesting)

Look at the body language in the last interview, it said depressed & defeated.

I wonder if 082/06 was a duster?

Transactions tend to have a prospectus with a longer period. I'm more inclined to think this is a vote of no confidence.

Any ideas what's going on? high volumes today then a general meeting is called with 13-14 days notice. Note this is not the AGM and BT is in Sweden at the moment.

PJ does them as well

What planet does Turney think he's on? Its completely irrelevant & surprising he's got the time to write this rubbish.

Dotted looks like an extension project to FCM's West Pickle and there's potentially a second mineralisation overlap in the south. The only thing with these explorers is nobody has cash for acquisitions so its all paper deals. I'm beginning to wonder if we wouldn't be better off reversing the whole of Panther into FCM if they could get to c10p paper deal, could be a win win all round.

Is it critical? it depends what deals are on the table at the moment, if its PJ or a mining nobody with $10m in the bank then we ignore and take the risk because for $150,000 if they find nickel massive sulphides it becomes extremely valuable to KAV >$100m and the media will talk about the new Voisey Bay or Norilsk.

I am slightly sceptical KAV have serious offers on the table from Vale/Glencore/BHP etc because the project is early stage and the Tier 1's will happily pay top dollar for a 4% Ni core.

If BT can get $20m upfront sign on fee, free carry on drilling and retain a percentage with an exit clause then perhaps its worth considering?

I asked about the allocations last year because the prospectus seemed a bit light. The licences have a spend obligation but KAV is free to spend more so this isn't necessarily the budget for the year ahead.

Do we think there's much in Obonga? not seen much evidence so far.

The area around Awkward & the lake has been explored for the last 50 years. Lianne thought there might be a Ni/PGM conduit but it turned out to be nothing. Would you rather have a ton of graphite or a ton Ni?

Wishbone exploration has been hit & miss, mostly miss. There's zinc but nobody's getting excited, can't see BHP knocking on the door.

Survey no information from recent drill apart from its a VMS.

That leaves Ottertooth to be drilled amongst the priority targets.

PALM have an obligation to drill another c5500-6000m in the next 18 months which is fine if they find a high grade/valuable target. PALM has limited funding and I'm wondering if Obonga is the right horse to back?