Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So do I JP. Its a very good sign for a quality JV to come.
So many different heavyweights coming into kav, putting their name on this along with a lot of time and money. That is unusual for a little 10m cap company. It's a sign that we are going to have a very exciting few months ahead.
Mike Moles is not a trader, he is the founder of this company and a successful expert in the mining industry. Again, he did not invest £450k to make a quick 10%. He knows the company has asymmetric upside even at 4.5p once the assets are more developed. The background work KAV have done and the financing will accelerate this potential, which makes H1 next year a very exciting time to be invested. I'm sure if he gets 20-100 pence he is not going to cry about not picking the bottom or being diluted. He's grown up and experienced enough to know that's just the stock market for you.
Again, this is not a stock for hysterical pleb, short term gamblers. If you get that upset about a 10-15% move in an aim stock, trading is probably not for you either.
Many of the investors here were already multi millionaires many moons ago, and are highly experienced experts in the mining industry whom are investing in KAV because they know it genuinely has ginormous upside. It also has risk attached and requires a lot more patience if you want to make real money.
You seem to be upset with BT. He is not the main guy here so many of us couldn't care less what he says and watch him just to keep updated. He's likely been put there because he's younger and has a lot of energy and drive needed to help move the company along at a higher speed, plus help communicate the potential to investors.
Finally, if you think the company is that bad, yet keep buying more shares whilst complaining and ranting about the management immediately on an open forum, then perhaps you should stop buying more shares before you have a complete meltdown, which I'm sure none of us would care to see.
Cox.
You bought £5k last month hoping for a 10% return. Now you've likely bought £3k yesterday hoping to make £800-£1600 on your whole £8k 'trade'.
Meanwhile Mike moles bought £450k earlier in the year at 4.5p, the kansagra brothers invested £1.5m and a strategic African commodities fund invested £500k. Power metals have taken a 10% stake. 2 other strategic have bought £250k each.
This is an investors stock for people that are looking for 10-50x, not chavvy mugs whinging that their 10% beer money trades aren't going the right way after 2 weeks.
Nav at 10-20m is extremely unlikely and more often than not, shareholders end up with nothing after all costs/losses factored in.
If there is something left over, this can often take many years to ever get into your account, which by then will be a fraction of what you think it will be.
Read yuris posts on here and be careful throwing money at companies like this where you think youre going to get anything remotely close to 'NAV'
It is mistake that I have made many times.
Where the option money would be is if they sell the company but that also looks unlikely now.
I enjoy reading your posts bozi, along with Keith oz who would be good to get in on this thread. From memory he has suggested an easy 100m market cap within a year a few months back. That would line up roughly with your 10p.
I do agree that many things would have to go very well to get a 100 bagger.
I believe the new investors are not only bullish on Kavango's assets but also like the management and the potential for kav to grow into a bigger company than just the kcb.
Bozi
I agree with everything you have said there.
I've seen this touted as a 100 bagger in several places over the years and can see it getting there although perhaps over a few years.
I am guessing Cobre did not have a lot of cash before they made their discovery and KAV have £3.5m to have a crack at it plus warrant money that comes in on top. Add the fact they have been doing a lot of work on this in previous years, then they really do have a fair chance of making a discovery and dare I say potentially more than 1!
Ben has also suggested the Kansagra family have indicated further support if they need it which considerably derisks us.
With the extra 4 strategic investors now, all in the mining industry, it helps puts Kavango on the map of the more reputable exploration companies out there, so I agree that we could get a big lift up from here even without any news and we could see some interesting deals made in 2023.
The only problem I have is that I believe they did the financing too cheap but sometimes you have to give a little to get a little back, so it can work out really well for a decent bounce for the patient holders.
I think it would be good to suggest a list of questions for BT on here?
I'd be interested to know more of a timeline on when news will be released on each project and more on their timeliness for drilling in 2023.
Now they have some very serious backers, I'd like to expect less general fluff and more real communications of their plans.
Also how have they come across 2 institutional long term backers of the company at the same time? 1 especially is clearly a very big hitter. Why are they investing in KAV?
With respect damonhill, people of that calibre do not invest their money on a pitch from people like Ben Turney. They are here for the massive potential of the licenses at substantially undervalued levels imo.
Definitely worth keeping an eye on this for 2023....
Rare tweet from Gervaisse Heddle, ex ceo of Greetland gold, tipping ONDO.
https://twitter.com/gervaiseheddle/status/1589957500639776771?cxt=HHwWhsDQmYj71JAsAAAA
It Is concerning the money has not been received yet. Many companies will be going bust in this market and the shareholders who haven't received even their initial payment for shares could be at risk of never getting it if algorand goes bankrupt.
It's getting on for 4 months now with no honest explanation as to where the funds are.
Odey Asset Management have been building a 7.8% stake in AVO too, announced today.
Looks like they are shopping for oversold stocks with lots of upside. AVO make no money yet either but their tech could be worth 20x the share price.
There's generally bigger upside on stocks that are not necessarily making a profit yet but should do in years to come.
A mixture of worrying about an imminent raise but more importantly....
What has this company actually achieved to increase shareholder value recently?
I'm not surprised people are selling and cautious to buy here. This has been quite a disappointment since the heights of 4p!
Many people have received 6.06 dollars for their shares around 6 weeks ago. Some brokers seem to be holding onto the money though!
We should also get some crypto tokens soon. There has been news in the last 24 hours and nalster have released a 'litepaper' for the tokens.
If you Google 'napster tokens' there's many articles about it.
If you're talking about someone with the initials TW, then I can't honestly think of any decent call or article they've ever made. It's utter nonsense and throwing dirt at companies.
There's a difference between a full time troll like that and someone who's made over a billion out of the markets (crispin)
Serious investors couldn't care less what people like tw write hence why odey has invested around £10m in AVO in the past 3-4 months, topping up £4.5m this morning...
Not sure why the hostility.
Odey makes a lot of money.
He made a lot of money here and picked the bottom well.
I'd bet he makes a lot of money on AVO too.