Member Info for Mambamentality

15K @ 21.95 which is a fantastic price looking at where the share price was a week ago ie. 40p before news and the progress since drilling commence last year.

I guess a lot of people are waiting to get in the 20-21p region but it is pretty difficult to get the bottom.

If we take a conservative view and say that 30p before news is a fair price the upside from here it is 36%. If we look at 40p that is an 82%.

The share is oversold in the 1 hour chart and has a strong resistance at 20.55p. The last January we had a retraced from 29p to 20.50. That was followed by a rally to 30.50p.

When you see the amount of drilling that has been completed and the number of good news we have received since January 2021, one can see that the share price at this levels is a complete bargain. 4 Rigs running at the time means plenty of results to follow.

The last results were good results. Holes 73 and 76 are pretty good with high grade gold and they are in line with previous drilling.
MAP-073 21.60m @ 6.02g/t Au, 6.02g/t Ag and 3.23 %Zn from 271.75m
MAp-076 12.25m @ 5.39g/t Au, 1.65 g/t Ag and 0.18 % Zn from 228.65m

The other two holes seems to have intersected a different mineralogical domain which supports the Epithermal-VMS story with high zinc grades.

Plenty of news to follow. Happy to Hold and Buy more if required. Appreciate the value of your shares and do not sell it for peanuts.

US bond yields are weighing on the precious metal.
Horizontal support is under pressure and looks increasingly fragile.

Gold printed a fresh eight-month low earlier in today’s session and the precious metal looks set to fall further if US Treasury yields resume their multi-month rally.

It is unfortunate that after two days of share price recovery the price of gold has been affected so badly today and put on hold any recovery. Wall Street Turn Choppy After Higher Opening; Nasdaq Flat, Dow Down 270 Pts. The sell off could get stronger.

Something strange is going on. The volume of all cryptos reduced by 60% and Thether had a trading volume of $220.29 B while bitcoin had only $104.45 B. To me this means that people are selling cryptos into stable coins in anticipation of a potential drop in price along most of the cryptos. That is why I find so dangerous owing ARB as if a crash in price, as the one experienced in the past, happens while the market is closed there would not be any way to sell before the market opens by which time it will be too late. We shall see tomorrow is something is actually up.

If the RNS was rubbish the opening price would have been 20-30% down. That was not the case. We actually opened up. Magictrades who undertands Geology confirmed that the RNS was positive: "Personally I was pretty happy with the RNS this morning. Nice intercepts and adding extra weight to the Epithermal-VMS story with those zinc grades. 4th rig being mobilised is also a positive. Nothing majorly new in terms of discovering new zones as the drilling appears to be mainly within the existing ore horizon".

The goods news is that we managed to hold the resistance at the 20 day moving average at 28.50p. From there it can move back to the 30's or continue down. In the downside the 50 day moving average at 25.32p and the 100 day moving average at 24.94p will act as strong support levels. Thus, if tomorrow we have a good day we could see some recovery in the following days.

The RSI is entering the oversold in the hour chart too. The gold price stands at $1809 which is positive.

No one knows what is going to happen tomorrow but to be speaking about the SP retracing to the teens is nothing but de-ramping at this point.

The project is not less attractive that it was before the RNS.

Top up at 28.50p.

I am done with HL. Finally managed to get 10K at 30.98p after more than 20 minutes. We have a pretty good support at this level. MM playing games. A proper reading of the RNs confirms that this is a good RNS. Surely it does not merit the 21% drop.

Again cannot buy but can sell. That tells you all you need to know.

Diamond drill holes MAP-073, 074, 075 and 076 were completed during December
2020 and January 2021, with the holes positioned largely to address geological
questions that were left unanswered from older drilling campaigns by previous
companies. Thus, were not looking at hitting the best spots. That would have been a bonus.

Nonetheless. holes 73 and 76 are pretty good with high grade gold. These holes are similar to the historical drilling ie. pretty good.
MAP-073 21.60m @ 6.02g/t Au, 6.02g/t Ag and 3.23 %Zn from 271.75m
MAp-076 12.25m @ 5.39g/t Au, 1.65 g/t Ag and 0.18 % Zn from 228.65m

Visually, the mineralisation within the breccia zone intersected in MAP-075 was similar to that intersected in MAP-072, however assay results would suggest MA intersected a different mineralogical domain, transitioning from a domain that was gold dominant with secondary zinc, to one that is zinc dominant with second gold. If we see the grades and intersections it does not look good. However, we know that hole 072 intersected the main breccia and this hole seems to have intersected a different mineralogical domain thus the discrepancy in results. Zinc mineralisation in hole MAP-075 is at times massive, with grades in excess of 30%
over small intervals. Both MAP-072 and MAP-075 also contain minor copper, roughly correlated with zinc, with grades at times as high as 0.8% Cu.
MAP-074 5.20m @ 1.17g/t Au 4.97g/t Ag and 3.02% Zn from 195.40m
MAP-075 19.85m @ 0.90g/t Au 2.17 g/t Ag and 6.46% Zn from 226.15m

Clearly there has been an overreaction. We should recover from this levels once people realise that the news are good news.

Some may have questioned why if we are such a good project we have not got much large institutional investment. The problem for asset managers is that the market cap of OMI is too small for them to take notice. Institutional investors tend to need a market cap of £100m,”. Brad George wants to attract large institutional shareholders and that was one of the reasons to bring Mr. Nicholas (Nick) von Schirnding to the Company's Board as an Independent Non-Executive Director. I guess it is fair to say that we could see a change in our shareholding register with more large institutional investors in the short to medium term, which should provides a boost to the share price.

Ben Turney "“…I’m hesitant to share numbers because they’ll just sound wild. I am the sort of person who will smash doors down…”

https://total-market-solutions.com/2021/02/kavango-resources-3/

That was my question. ANZA is like a candy shop it is difficult to choose what you want to get next (following APTA).

one of our chat members AGEOS wrote back in 2019.

"The eagerly awaited, Newmont directed drilling program at ANZA, inevitably invites speculation as to what the priority targets might be and what resource potential these could hold. Leaving aside the APTA discovery, for which infill and step-out drilling will be required at some stage, one of the most interesting prospects to emerge so far appears to be that which is centred on the Au-As anomaly identified last June (RNS 07.06.18) in the Guaimarala area c2km SW of APTA. There are positive gold and arsenic correlations elsewhere, at APTA and Charrascala but this occurrence is extensive and as is clear from figure 3 in the June RNS there are relatively high values for both elements in the soil geochemistry. If the forthcoming drilling programme prioritizes the Guaimarala-Charrascala area it will probably be in anticipation of a potentially very significant mesothermal to epithermal Miocene-age resource".

Brad George confirms during the Webinar, that the Charrascala and Guaimarala prospects are most likely to be drilled at the same time as APTA in the near future.

It is worth remembering that at Charrascala we already had good Positive drilling results back in 2018 and that Guaimarala has the best Geochemistry.

65P is starting to look like the target after conquering 45p.

https://media.moneyam.com/a/2021/02/3-Kavango-Resources-V2-Ben-Turnvey.pdf

How friendly they are that a 12-14 strong government delegation was down there in mid-February 2018, looking to encourage Orosur to keep up the good work.

More recently in January this year Caldas Gold received 30-year extension of its Marmato mining contract.

I am well informed about the Colombian Government affairs. The government of Ivan Duque is pro-mining. The president inaugurated Buritica in October 2020.

@KavangoRes
is pleased to share with investors field photographs of the ongoing airborne electromagnetic surveys in the Kalahari Copper Belt with JV partners
@PowerMetRes


https://twitter.com/KavangoRes/status/1362314675652878338

From the last RNS and the webinar we know that delays caused by COVID meant that instead of a couple of weeks it would take more than a month and up to 6 weeks to obtain the lab results.

Turner Pope wrote on 12 January 2021. "To date, three holes have been completed and the rigs are currently well advanced on the 4th and 5th holes". Thus, one would assume that if the samples for holes 2 and 3 had been submitted by 12 January 2021, we should receive those results maximum by 6 weeks ie. 23 February 2021.

We should receive at least holes 2 and 3 by 23 February. Unless, they intend to report holes 073 - 076 at the same time.

This has broken a strong resistance at 30.50 p and it is clearly in an uptrend. I never sell a share that it is in an uptrend,why would you? Specially when good news are expected soon. We know this could move to 45p as there is no resistance left.

Good presentation. Clearly knows and it is passionate about the project. Good to see that the results of the TDEM surveys should be released as they become available and once all of them are completed (6 to 8 weeks) should be interpreted as a whole. The first of the surveys has been completed.
Surveys to be followed by a 8000-10,000m drilling campaign.
Fully funded to complete TDEM surveys and initial test drilling.

Master investor's article.

https://masterinvestor.co.uk/commodities/johns-mining-journal-solgold-schadenfreude/

Greb. It is too early to say it is in an uptrend. If tomorrow it finishes up that would be a confirmation that a new trend could start. However, there are two strong resistance points at the 20 day moving average - 25.35p - (after GH bought it tried this resistance but could not break it) and 100 day moving average -26.84p-. Once it breaks the 50 day moving average at 30.51p it should gain strength and move to the previous 37p.

I believe what Zak Mir said back on 27 January is the most possible outcome now that resistance has been broken with next target at 45p.

Things to note for new investors:

APTA is currently being drilled and results for holes 2 and 3 should follow any day now with results for holes 4 and 5 shortly after that (although we may receive those 4 holes at the same time). Results are more likely to be similar to hole 0.72 ie. pretty good with intersections of 70.50m @ 3.53g/t Au. One of the holes just completed, MAP-075, has been drilled some 90m downdip of the announced MAP-072 and has visually intersected over 100m of the target breccia zone. Brad says that hole 075 has intersected breccia packages of similar thickness to hole 0.72. He also says that we see a reasonable good correlation and continuity from hole to hole; which seems to suggest that results for holes 073, 074 and 075 should be similar to hole 072 (this is what we want and ideally better results). The continuity and correlation are positive and provide the team sufficient confidence to ramp up our drilling efforts, from 2,400m to 8,000 - 10,000 metres and add a third rig, in order to move APTA forward as quickly as possible

As Brad George says in the webinar "clearly there is a poly-metallic nature to this ore body. We see in hole 0.72 intersections in excess of 80g per tonne of Silver and and in places Zinc in excess of 8%". It has been discussed in the past in this chat that this is one of the features which may have attracted Newmont and could be seen in other prospects which fall in the path of the Aragon Fault ie. Guaimarala and Jesuitas. La Cejita is probably the primary source. Thus, this may not just be about gold but Silver and other metals in some of the targets.

Financial and dilution risk reduced. Anza project is fully funded by Newmont/Agnico. Recent capital raising provides the company with a strong balance sheet.

Further steps
• Currently there are three rigs. This may change.
• Possibly move APTA to resource.
• Geophysics should have commenced by now.
• Convert applications to granted tenements
• Extensive regional and detailed geochemical surveys
• Agnico/Newmont may assume control of project at any time
• Keep drilling and adding ounces. At some point we should start drilling at Charrascala and Guaimaral. Best geochemistry at Guaimaral.
Positive drilling west at Charrascala back in 2018. Orosur successfully drilled 5 scout diamond drill holes totalling 3,045m at Charrascala, The presence of gold in the system has been confirmed within an attractive geological setting for the mineralization to occur. This may be the next target after APTA followed by Guaimaral.

Exiting times ahead. Do not sell too early. This is just the beginning.

HOLD

I guess the comparison with Sirius Minerals have been already discussed in the past. Could someone explain how can this company compete with Anglo American and the Woodsmith Project? I was an investor in Sirius Minerals and it seems to me that Anglo American could produce enough Poly4 to make things difficult for other producers . While there is scarcity of Lithium it seems there is not going to be the same for Potash which could cause too much offer without enough demand causing the prices of potash to decline . The adoption of Potash needs to change dramatically. Raising cash for gold, lithium or other minerals is very different that raising cash for potash as the Sirius minerals saga taught us.

We know that there are delays caused by the Lab in Peru. That was stated in the RNS of 21 January 2021 and during the Webinar.

Turner Pope's wrote on 12 January 2021. "To date, three holes have been completed and the rigs are currently well advanced on the 4th and 5th holes". Thus, one would assume that if the samples for holes 2 and 3 had been submitted by 12 January 2021, we should receive those results by 16 February (5 Weeks). If not received by 16 February maximum another week I think.

Thanks guys. vicjain, I also sold GGP too early. Then had to buy back at a substantial premium. I am Not making the same mistake here.

HOLD