Member Info for JP2000

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?

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.