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A LOT of selling cleared this morning, should now be primed for a move up and filling of this gap. That sets it up nicely for the rest of the week!

2.3 to 2.4 was the top of the previous gap, and is now the current floor for this one. Once this settles, it should make a push for 3p, and it it closes above 2.7ish, that would represent closure of this gap.

I would imagine we will be hearing from LB very shortly, which might help it along.

Wow great sounding RNS that. Looks very much like boom time here to continue. Suspect this will go crazy again. GLA

Hi Jaybike - I think you are on the right lines with your initial analysis on KAV. The cash position was £1.5 million as of June 2023 and by October 2023, a further £4.6 million was raised from Purebond. This leaves KAV fully funded for all of its currently planned activities in Zim and KCB. For a fuller breakdown of these activities and costs, see page 10 of the Prospectus.

In terms of current drilling at Zim, the most up to date information is contained in the recent RNS and Stockbox interview:

https://www.lse.co.uk/rns/KAV/drilling-extension-at-hillside-pbwummwrol8otvv.html

https://www.youtube.com/watch?v=6yiqyJrT3S4

As for KCB, we will have to wait until Q1/Q2 period to learn about the drilling programme at Karakubis.

In this most recent interview, BT has talked about "the imminent cash flow generation opportunity" coming up at Nara, from processing the dumps there, where KAV are excitedly awaiting the results. There's also the mine redevelopment being completed by Pambili, in which KAV have taken a strategic stake.

I think this is a great entry point for all the newsflow and opportunity coming up here. There's not much liquidity at these levels either - just try buying in large amounts and you will see. All imo and GLA

The news that I am waiting for is those Cottesloe assays, which the RNS on 13 December stated:

"To have more visually encouraging results from the new holes drilled at Cottesloe is a great sign. We look forward to having the assays completed and mapping the mineralisation for next year's drill campaign to get a clearer view of the asset."

They can't be too far away now?

If it was a gusher, they would surely have gushed it out (i.e. leaked it) and we would already be at 4p+. They could drop a Friday howler, but I suspect it will be a Noble style RNS early next week.

A lot is being made out of LB’s interview and her positivity in that interview. What I am wondering though is why she had only done a solitary interview if she is/was so genuinely excited. Maybe all that is to come post results? 🤔

Dai you have become even more cynical than me when it comes to He1 - I like it!

I think your cynicism will be next level with the next RNS. He1 can't really afford to drop a negative RNS, otherwise it will be game over. So I suspect it will have a lot of positive spin in it for sure, and likely create a big initial spike. Then when the dust settles, it will raise many unanswered questions. A bit like Noble's situation.

What are they going to do for cash though?

Some decent buys coming in. I think most can see that KAV have timed this move into gold really well, given the macros and POG. And the cheap entry point for the "lots of drilling" that KAV are doing at Zim and KCB in 2024.

Not many shares will be left at these levels soon. Get them whilst you can.

Chariot has a lot of baggage, mostly as a result of failing to progress the Anchois discovery. I think Energen is the game changer and once that deal is approved, it will take Chariot out of the "orphan period" so to speak in Lassonde Curve terms. Can't see any reason why the deal won't be approved - but anyone got any idea of how imminent the approval is likely to be?

Are RAB, Jaganda, etc all still significant shareholders in Bres? They are not listed in this Report for some reason.

I think the company has to take some responsibility as well for the comms it puts out. Sasha recognised that and it needed him to come out and clarify what were legitimate questions. I have read reports where the forward or post reporting position has been set out to mitigate the lack of cash at the end of the reporting period. It is also perfectly reasonable to question whether the DFC grant was ring fenced. This was a directly relevant question, and if the answer was yes, then obviously Bres would be in a pickle. Thankfully it has all been clarified by a combination of Sasha and posters on here.

It's like any toxic situation or relationship. Your situation can't improve whilst you're still in it, and you can only move on when you finally see sense yourselves, finally wake up and smell the coffee (or in this case the poo), take the damage, and do not give this any more of your time or money. That's the only way things get better for you here. Thinking it might still come good, or ORCP might step up and deliver, is like some weird form of battered investor syndrome. But if you are simply too weak or stubborn in your (false) beliefs that there is future upside here, then just keep on being battered. There comes a point where it's actually no longer her fault, but yours. All imo

Sub 10p on its way out. Hopefully, the start of the 2024 recovery in the share price for Chariot!

Ticking up nicely - is Chariot setting up for a FOMO Friday?

Yes, and the past is not always an indicator of future performance when it comes to these juniors. In fact, don't forget that KAV multibagged before it failed at the KSZ. Now it goes again, fully cashed up, with lots of drilling to come on lower hanging fruit in Zim and another go at the KCB later in the year, this time under the stewardship of DC. So it's a fresh scenario, and the past isn't going to dictate the future.

At 0.65p, it's got to be worth the throw of the dice for what's coming up. There aren't many shares at these levels either! It won't take much for this to make a quick move up. All imo and dyor

Does Sasha do the tweets? If so, he could issue a tweet confirming they are fully funded with the DFC money. It's a lot more public than individual emails to individual shareholders imho.

Can she confirm whether the DFC money can be spent on working capital and operating costs, or does it have to be spent on the DFS and its related costs i.e. is ring fenced.

THAT's the question that needs addressing/confirming imho.

I agree with the sentiment PFG, but the problem is that market conditions for equity placings have been woeful, meaning huge discounts have to be offered to raise any decent sum of cash. You also then need to ensure that the cash raised is enough to get you to fully funded, otherwise you then have the spectre of a further raise hanging over the company, which unless there is share price moving news in that period, risks a lower priced second placing - seen this all too often of late.

"To be fair though the wording perhaps strikes a tad too much of a negative slant in places."

Spot on, exactly what I thought reading it. The sections on stopping the project if no funding, CGT liability and environmental costs without insurance could all have been written as if they were inconsequential, but weren't for some reason. Maybe, as others have said, its just the way these reports are written.