Member Info for Legalwolf

Okay, thanks Kutzz.

I do feel that a lot of folk here have put their trust and money on what GCAT/RM has been saying. I think if you tried an experiment where investor A only had the RNS, and investor B only/also had the tweets, you might get two completely different reactions?

Share price currently as likely to hit its lows, than it is to bounce back. Only the financing is going to rescue this imo. In the meantime, there might be some flurries when positive tweets are issued, but there's only so long that game can be played as well. More a trading share than an investment until or unless they financing RNS lands imo?

They said they would close the financing by end of Q2. Have they given an update and revised timescale since then?

Agreed Dan, and it was the first test, on what was arguably not the most exciting newsflow we are expecting, which is Hurricane drilling confirmation. Last word from AJ on that was that they were sorting out access etc and that all was going well. Once we get the next update, whether RNS or interview, confirming they are on track for September drilling, I would expect a retest of 0.5p, this time from a higher level on the chart.

It's not about what happens to the share price on any particular day or week, but what will happen to it from this whole maiden drilling at Hurricane, which is to be measured in "months". No way it will be at these levels throughout that period imo. I'm here for those "months" and confident of seeing a return from these levels, but let's see what happens. All imo and GLA

FK79 - yes, and the financing will be key.

Sometimes - often? - the best time to catch these stocks is when they have just endured bad news and a sell off. The key things I look for in that scenario is their ability to bounce back, and the likelihood of that. This turns on things like whether they have the cash to bounce back, and other projects to move onto. In KAV's case, the answer here is YES re the projects and (almost) YES re the cash. You then have the added bonus of share price not only trading near ATL, but also trading at a significant discount to the 1p investment coming in.

The main thing that can go wrong here, risk if you like, is PB pulling the £4.6 million. But I can't see that happening given the reassurance they have given to BT that the deal will go ahead, AND the fact that they have already invested heavily into KAV, so they aren't going to harm their own investment. Furthermore, as BT confirmed yesterday, they are worth £300 million, so whilst this represents a significant investment for them, it's not taking up a lot of their resource.

Therefore, subject to the financing, i'd say this is a SCREAMING BUY opportunity and as I said, I have and will continue to accumulate at these bargain basement levels whilst the opportunity is there. I expect this opportunity to disappear once KAV start to issue the financing RNS, which BT has stated will be next month i.e. a matter of weeks now. All imo and dyor

Ah right, thought you might have some experience and therefore I might learn/borrow from that experience.

I would tend to agree with you that if its placing related, it's a positive whether its a buy or a sell. The only negative scenario would be if it's the Sheikh - of which there is no evidence. If it's anyone else, you would then expect a TR1?

Washers - if it is to do with the placing, are you thinking a 'forward sold' placing that has been closed out (which would make it a buy), or just a standard placing sell (sort of like placing overhang)?

I don't think we will have to wait for any drilling results. We've already tested 0.5p. I think the newsflow that we get in August, culminating in the confirmation of drilling in September, will see this break through that resistance. We need to remember that we are looking at a share price that has had a big sell off, not one that is already riding high and therefore represents higher risk for buyers (less upside), where only results will then result in the next wave of buying. We are right at the bottom in terms of the share price and are about to maiden drill the first of two potentially company making projects. ECR will be stepping up the comms immediately before and during the Hurricane drilling, and the market will hear a very excited AH and AJ. This very scenario represents clear upside from these levels. The results (if positive) will simply take it to the next level.

IMO, these next 6 weeks are simply to position yourself for Hurricane drilling. Getting in below the gap resistance represents the best opportunity to do that. Whilst the share price has pulled back from the gap, there have already been some big buys at these levels, hence why the gap was tested in the first place.

Simple question: do you expect more or less of these buys at these bargain basement levels in the run up to Hurricane drilling? All imo and dyor

£6 million and their own Rig. I think they will go 'hell for leather' as PB will want to see a return on their massive investment as well, and especially after paying what is now a premium at 1p.

JP200 - that's what the forthcoming exploration is there to determine. No junior gets it given to them on a plate (or rarely does that happen). We will start to find out in the coming months. Also, even taking Zim out the equation, 0.6p for KCB and £6 million financing is a pretty compelling enough proposition on its own, as far as I am concerned. I'll continue to accumulate at these levels.

If no TR1 is issued, then I would agree that the placing becomes the most likely explanation. Not sure why the Sheikh would offload at this very moment in time, when Naheed would have you believe that ORCP is looking to realise value. Has the Sheikh offloaded any in the past?

I don't have a problem with the change of strategy per se. A change of strategy IS needed, when you consider the various issues that have emerged in the last 2 years, which BT will have seen up front, and given 4 successive failures in the field, with millions spent in the process. I think any CEO would want to re-orientate towards more conventional and easier projects. Therefore, it makes perfect sense why KAV have decided to press pause on KSZ and Ditau for now, and focus on KCB and Zimbabwe, where they already know the copper and gold is there.

The reason the new gold projects are not screaming more loudly at us is simply because of the jurisdiction. If you actually analyse them more closely, you can see the clear potential in them. Arguably, or undoubtedly even, the gold in Zim is much lower hanging than the copper in the KCB. So the batting order makes sense as well.

Re the jurisdiction, I am somewhat reassured to hear that BT is relocating to the country (what stronger show of conviction in the projects can you possibly get than this?), that Hilary is from the country, and PWB has extensive experience of the country. This local knowledge and presence will, I am sure, enable KAV to operate effectively within the jurisdiction, where other companies might struggle. Caledonian Mining have already shown what can be achieved in Zim.

Furthermore, KAV have already acquired the Rig. They aren't messing about or hanging around.

As I said, 0.6p for Zim gold and KCB copper exploration in the next 12 months, and with circa £6 million financing to attack these projects with, definitely screams upside to me. But each to their own. All imo and dyor

Why is it taking so long to sort out a £1million in funding from an investment bank? It’s not a huge sum of money. Must be the legalities/paperwork involved?

Once that financing goes through at 1p, I expect the share price to rise towards that level. In fact, I would expect that to happen beforehand i.e on anticipation/expectation of it.

So that’s a rise from 0.6ish to 1pish. Whilst others might argue the %, I’ve already worked out that this represents a Big enough potential rise for me, and one that I’m happy to bet on.

And this is even before any success they might or might not have early on in Zimbabwe, which would result in further upside beyond 1p. All imo and dyor

Yes, a huge buy - it should trigger a notification?

Bottom line, as BT himself highlighted in his presentation just now, is that KAV is trading at a 65% discount to the price that the investors are paying. Also, he announced that KAV has purchased its own Rig. BT will be moving to the country, and Hilary is from Zimbabwe. Sounds to me that with the backing of PB, they are really going to go for it in Zimbabwe over the next year. There is also the potential for early revenue from significant tailing dumps And they will also remain focussed on KCB, with RC drilling in the next 3 months, and diamond drilling at Karakubis in Q1 of 2024.

Therefore, it looks to me that all of the newsflow here during this period is likely to be positive, because they are putting the higher risk KSZ and Ditau on hold.

I'd say 0.6p is a no brainer. No way this continues to trade at a 65% discount to £4.6 million going in at 1p from HNW investors. At some point, the market will see and close that gap. In fact, not only was I already thinking this myself, but BT himself has just highlighted the very same point.

Bounce back very much on here when the market wakes up to it. Which it will, because the next newsflow will be about the financing. But by then, the gap will likely have started to close. All imo and dyor

Had to be done someday folks... and here I finally am. Can't believe I got my fill as well.

Owooooooooooooooo!

I'm not sure about that. KAV have looked long, far and wide for new acquisitions and with the aim of lower hanging fruit. I don't think they would use newly acquired funds to go for Zimbabwe over KCB if they didn't feel like they are onto something. Also, BT's moving to Zimbabwe as well I believe, which again doesn't suggest that this is on a whim.

But let's see what he has to say. I think it is very attractive at these prices and I have helped myself to some. I noticed someone took £20k yesterday, and the bid is ticking up.

Therefore, I think a bounce back is very much on, particularly if the Tranche 2 financing is still on, which I believe it is, but BT can confirm. All imo and dyor.

Looks like KAV is refocussing its efforts around potentially lower hanging gold in Zimbabwe? Currently trading at a big discount to the financing price of 1p. With £4.6 million of financing to come at 1p, and after enduring a sell off and hitting an ATL, I think this will bounce back reasonably well.

Looking forward to hearing what BT has to say in a couple of hours about their plans. All imo and GLA

KAV bid moved up today to 0.6p. Ticking up on anticipation of the below I reckon. All imo and dyor