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KSZ B1 & if successful another 3 x B1, B3 & B4, re-drill TA2DD002.
Ignore GRS until a JV signed
Limited (contingent) campaign looking for shallow targets in KSZ south, that's where Hornsey said to look.
KCB Namibian border in the summer.
Ignore Ditau unless compelling evidence.
Re acquisitions: I don't agree, KAV have 14,000km2. CEO's get a taste for corporate deals when most deliver diddly squat and doubtless PJ's egging BT on and it makes a mockery of the corporate strategy. If BT can pull off something with the existing portfolio & £3.5m and get the share price to 10p then I don't mind the odd deal but for the next 12 months BT needs to forget all deal making & concentrate on KAV's best opportunities.
Rubbish drilling performance and yes "shambles" was the correct adjective.
Positives:
Dave Catterall on the case
PL082 was one of KAV's smaller licences
CSAMT not quite the magic bullet but narrows the odds
Assay testing slightly positive
Share price hasn't collapsed sub 1p
Drill announcement on KSZ next week?
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.
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.
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.