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Ben would placate a lot of disgruntled shareholders currently focussed on negatives if he announced a couple of B drills which could physically commence in 3 weeks. KAV have had a year to refine their analysis and its important to drill pre-JV announcement.
What an idiot , more money than sense.
There's an obvious strategy and way forward, and then the Paul Johnson strategy which is scattergun, flipping and leveraging anything that moves in the hope that every 10-15 years mining booms and the company rides that wave.
KAV has 14,000km2 and the licences naturally divide into 4 main projects (2 KCB & 2 KSZ) with another 4 smaller standalone areas in KCB. I discount Ditau where KAV have found 0.17g/t Au and dared called it an IOCG, its mediocrity.
KAV just needs to focus on those 4 main projects to make initial discoveries, share price improves and co raises money on an upward trajectory. Projects are taken to an investment sweet spot, which might take 3-5 years and are then divested £50-100m pay days. If KAV stops the pretence of being a going concern, IPOs and loading up more projects, and the pyramid scheme funding, then investors might have confidence KAV is being by adults. Clearly not the case at the moment.
Monday 7 am but notoriously difficult to predict so anytime in the next week. You have to ask why the share options RNS was released 17.24 Friday……because they want to clear the decks for next week and they wouldn’t want material news followed by director share options. My gut feel is they know the drill results, if they’re bad then the options were Bens golden handshake.
Fuji: raising cash on an upward trajectory on the basis of success is relatively straightforward. KAV is currently on a downward spiral and those strategic investors are down 30% in a matter of weeks. By next week SP could be sub 1p or +2p depending on latest drill results, if the worst happens I can't see the strategic investors coming to the rescue. Ok, there's 6 months of drilling ahead before they start thinking about more cash and it will depend on what they discover.
BCB: Panther Ltd has a nickel resource, in a completely league to PALM. First Class Metals has nickel, again in a different league.
DYOR but the risk profile of either company is superior to PALM.
Scattergun approach
Opaque geology and drilling campaigns
Limited accountability
Backed the wrong horses
Looks like a lifestyle company for those wishing to smoke the First Nation's dope pipes and frolic around the woods with lady geologists.
Those that can do, those that can't JV
I'm really annoyed about Awkward & the graphite deflection when targeting Ni PGM and the audacity to post mineralised core photo's on Twitter turned out to be a C o S.
There's a rapidly approaching problem on Obonga which is they have 18 months to complete 8,000m of drilling and frankly you'd have to be pretty dumb to fund it.
Can't disagree with anything said.
Next week they should be reporting on the current drill, 3 general scenarios:
1) It finds high grade mineralisation, happy days!
2) It finds the NP/DK mineralisation layer which is good for future exploration but is non-commercial
3) It again fails to find the NP/DK, in which case they continue drilling or just sit on the info for another week figuring out where to go next.
BT will limp on with scenario 2 but scenario 3 will be fatal for BT and the share price.
I will take you up on the offer, thanks.
Are there any plans for an interview with Ben Turney @ Kavango Resources, its the junior explorer that's not very good at exploration?
Mindea have been drilling now for 18-20 days and baring any down time should be either approaching, at or even past the D'Kar/Ngwako Pan contact. If a good result then should hear in the next 2 working days although I suspect there will be a non-descript core photo, commentary and cores being sent for assay. KAV will have a good idea of grades so perhaps watch the follow up interview and look for body language. Another key finding will be if the D'Kar/Ngwako Pan contact matches the CSAMT and in some respects this is more important than finding commercial mineralisation.
Not immediately
I thought that from the start but Darren was convinced.
I think a strategic review is required on the Obonga green belt.
Is graphite the end result of the Awkward drills which were targeting Ni PGM remember the Lac Des Iles analogy or are there assays to come?
One drill out of 5 found good grades, is this interesting or approaching commercial?
Fund raising was pre PL082 campaign, holes 1-5 did not find mineralisation so the SP reflects that progress. If they find commercial mineralisation then yes shares a steal.
Hole 6 c200m pre Christmas, been drilling for the last 2 weeks, *** packet calculation says they're at c550m so they're expected to reach the mineralisation zone either now or in the next few days, it could be anywhere in 550-650m zone. Predicting drill schedules is just a finger in the air.