Member Info for JP2000

I agree about the PNT/FMET. Simply saying PI's need to see tangible progress, value creation and a coherent strategy. Believe me I am looking for positives from our part time CEO. The strategy can be as fluffy as hell but it needs to be communicated, Darren's stance is basically trust me which doesn't wash.

Credit to Darren for turning up, but he had advanced notice of 90% of the questions and I left the meeting deeply frustrated. The underlying strategy is blunderbuss & corporate deals, don't think he has a concept of capital ranking/rationing. I averaged down on the basis of the Awkward core photos, apparently its still prospective for Ni/PGM but they're no longer working on the target so the graphite RNS was BS.

I have a decent sized holding. Panther is uninvestable until they start delivering substance.

My guess is Mindea, their fiat drill shares @4p for 50% of drill fees from last year.

JC!

You find a large lump of Ni/PGM

Did he say anything else?

" ...esult of old Directors being able to sell now off the board" unsubstantiated rubbish

Hail Dave

An announcement next week and its game on, investors have something to buy into.

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.

Many of the issues are down to the geophysics and a mediocre drill partner

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.

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?