Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I thought it was pretty poor especially the soil grades amounting to 0.5g/t. Evidently POW got lucky last year finding 1m of 47g/t, if that trend could be expanded and POW gets anywhere close to establishing a resource then happy days. POW have got no money for drilling and too many projects to fund.
"bods and new ceo can't do anything to get things going" imo its the strategy that pow spreads cash so thinly its taking forever to make a discovery & they're miles away from creating mineral resources. strip away ipos/m&a and are there any decent value inflection points in the next 12 months? certain gob****e individuals come across as grifters out to make a quick buck (because it worked previously!) so they're not attracting serious money. very easy to blame the markets but pow does need to deliver real results.
You seem to forget zone 5 has taken at least $500m to develop requiring a lot of debt and new equity so return on capital employed is significantly below the returns you state. The whitewash and £4.4m is massively dilutive and give Purebond free range to screw investors over in Q4 24 when the next raise at 0.2-0.5p is pushed through. Don’t say you weren’t warned.
In the last 12 months you've only posted about KAV & all negative and then surprise surprise the same characters also pop up to recommend your post.
Are you a genuine KAV holder or taking advantage of LSE's poor moderation to spread misinformation?
"has their expert knowledge yet translated into world class geology discoveries? "
Has there ever been a commercial discovery without drilling and assay results because as far as I'm aware KAV haven't drilled any of the current targets.
Nobody, not even BT has mentioned drilling for world class resources.
POW have diversified risk and issued many shares whereas for multi baggers you need to embrace risk and a share structure that's highly leveraged to success. Junior miners are not all the same, those with JORC resources have fared better in the downturn whereas those who failed to make discoveries (includes POW) have fallen heavily.
During the last interview BT said there was quite a bit of work to do preparing the prospectus. BT cancelled another interview siting investor interest was better in Sept. BT is posting on his personal twitter account but not the company account, the KAV website has pulled all project information which I find a bit odd as you'd think Karakubis & Ditau would be listed as live projects.
Dave is a contractor/consultant not a director. Why did they focus on Karakubis? Dave had regional models suggesting Karakubis was more prospective plus the neighbouring licences have found mineralisation.
Swako is up to his usual mischievousness mud slinging, nothing constructive when you are clearly out of depth.
"f you actually analyse them more closely," problem is there's only fragments to analyse because conveniently for Turney he can't (won't) be transparent...its a license for incompetency. Are these good commercial prospects because not immediately clear.
Cannot see the strategic logic of either option.
Area 1 is tiny. For sake of argument KAV firm up the unofficial resource c230,000 oz Au, what next & exit strategy? You're going to end up with a shoestring operator who'll want to pay a net smelter fee 10 years in the future so the NPV for KAV shareholders will be very low.
Area 2, the claims and overall area are not stated so difficult to assess scale and target resource oz. The biggest concern however are the depths, stated to 1000m. I thought KAV was moving from Botswana because the cover and depths made exploration difficult and rather expensive and Zim had low lying fruits. If KAV wants top dollar it needs to firm up a JORC resource/reserve but that's likely to be extremely expensive if drilling 1000m holes.
KAV need to be making their own claims targeting greenfield sites with potential to host +2m oz Au/Pt, creating JORC resources with further drills to delineate future upside. We have a CEO obsessed with poor corporate deal making rather than a geologist led exploration company.
Lets not forget in March/April Turney was prepared to rush into the Ditau drill which on the basis of the publicly published material looked highly speculative . The last RNS states "Meanwhile, we will preserve our working capital for redeployment to the Kalahari Copper Belt and our new Zimbabwe gold opportunity." suggesting Ditau is no longer a priority. Whether this statement is based on capital rationing or a re-evaluation of the geology is unclear, perhaps both. I agree with the statement but don't think this was due to Turney suddenly becoming wise.