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Just saying it how I see it - if that's a ramper then fine, I've no problem with that.
I'm just stating facts - the Director bought stock on market at 1.6p a few months ago - he didn't need too.
I'll say as a good ramper lol....I think it is a buy and I'm buying.
If you believe in conspiracies then why did the Director buy 2,000,000 shares in January of this year at 1.6p.
Why not wait until 1p and then buy on market?
It is a great opportunity for tight finance and to grow the business a lot bigger than it is right now.
18 January 2023
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
Director Dealings
Peter Wynter Bee and Ben Turney are both Persons Discharging Managerial Responsibilities ("PDMRs") for the purposes of the Market Abuse Regulation ("MAR").
Peter Wynter Bee bought 2m shares on market at a premium of today. If that is not a sign I don't know what is.
I think you need to stop assuming and call or message Ben directly.
Ultimately this is a good deal for everyone. You can see with the price action there isn't a lot of stock around 1p and squeezed to 1.6p a few weeks ago and now even less stock to be sold.
Any small cap with £6-8m cash in the bank is an incredible opportunity.
They could buy other small caps with great projects if they wanted too. Its a war chest of capital imo
BenT: 'We’ll publish the Ditau results as soon as we have them'.
In other words they don't have them back from the lab yet. How can they show them to anyone?
They have a regulatory requirement to release the results upon receipt.
Whilst some are worried and panicking I am averaging down and buying whilst we have stock at 0.95-1.2p level.
I think the £6m is a very positive outcome for the company and will only help us make discoveries in an area which has big major mining companies are making deals for discoveries.
Also Zimbabwe has changed and the government is now supportive.
Just look at the support and share price appreciation in Premier Africa this year and others.
We don't even know how good the project is yet and so it is best not to guess and worry but wait for the details and make decisions.
Either way I and others are buying.
I would say more likely as they will have been trying to play hard ball on terms. Now they know we are funded it maybe easier to agree a sensible deal.
I am in favor of this raise. Gives us £6-9m cash in the bank and 60% of the stock is lockedIn.
40% to play with when the price has already pulled back to low levels means a greater rise and squeeze on news.
Hopefully the Zim Gold project is a good one and on announcement you could see much higher levels.
As I read today Peter Wynter Bee bought 2m shares on market a few months ago at 1.6p.
If he bought 2m more on market now what would he pay and then what would the rest of us pay?
https://twitter.com/aimingtonchase/status/1654170864609263622?s=46&t=mQ4hcOzqn7djEsIh_6L7DQ
Other videos on Twitter this evening too
Chris Yates:
'At the 25p placing I put an additional £250,000 of my own money in...I'm not talking the talk I'm walking the walk in terms in putting my own money on the line and that's not an insignificant amount of cash for me....Ive got about 7.5m shares in the company so it really matters to me....also Chris Hand put a similar chunk of money in...and in addition we have bought some shares in the market....
As a company we are comfortable with our cash position...we are bringing revenue and cash into the business...and ultimately as a share holder we don't want to be diluted like all the other share holders on the register....I've never sold a share in Abingdon...'
The CEO put £250k in the 25p placing. Also bought more stock on market - review the RNS's
Research please.
There is a telegram group you can actually listen to the CEO directly.
one man dosent make a market Davey and ABDX is a real revenue generating business with cash in the bank and growing.
Not an exploration company needing more cash every few months to pay lifestyle Directors
You need all types of investors including traders to drive a market valuation. Its not a bad thing and the market looks primed to move in Abingdon. Some good research last night in the telegram group and the potential links with Steve Roest after the interview. The company is on sound footing now and just before a big market event.
https://twitter.com/SteveRoestCEO/status/1653747846938492929?s=20
Is the herd about to arrive?
No Gas Caverns and Friends of the Earth does not have senior counsel in attendance
'issues falling away'
https://twitter.com/that_stocks_guy/status/1649674132798296064?s=46&t=mQ4hcOzqn7djEsIh_6L7DQ
Very good thread and shows renewed and growing interest.
Bought more on Friday and think Monday and Tuesday maybe the last chance in the 15p range.
Anyone think the IM case maybe dropped before the hearing due to costs incurred from the last hearing?
100k buyer on the bell.
Someone soaking up nice chunks
Looks like the TR1 holder is still buying at the 0.6 level.
Cant be much stock remaining under 0.6 and then a squeeze higher.
Is he going for 7/8/9 or 10% of the company?
Any news on Lithium in Zimbabwe and Arkle could have a serious run up. GL.
Bought KAV today. Seems a very good level and market cap. Small spike a few weeks ago from 1 to 1.5p showing on news the price moves quickly.
Potential JV RNS and new project alluded too a month or two ago by Ben.
Assays due and other buyers around at this level.
market is definitely looking for stock.
Institutions sold as went under their market cap threshold. Simple as that and no drama as retail investors would suggest.
Kave had his own opinions and sold but that resistance is now gone and an opportunity to buy.
Company and nomad need to update the market on the production for the new Saliva pregnancy test and launch.
Think people realise this will be soon and there is limited stock available hence the squeeze.
Once the company RNS's they have started production for the new test a wider audience will learn about the product and its potential.