The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Seriously comparing BOIL and MKA ...
Even with a raise we only have 253,453,574 shares in circulation, whats BOILS currently at ?
MKA is not a 1 trick pony either. It also has allies in high places all with a keen interest in whats going on here, theres plenty of foundations been layed this past year or so, a MDA would be very much appreciated about now don't get me wrong but it's not like this is an inactive company waiting on JUST the MDA...
This stock is a no brainier at these levels. ITS LIKE A COILED SPRING! Any day now that RNS could drop and BOOOOOOOM goodbye 13p …. Hellooooooo £5 ……
DYOR
Cut and paste that every hours for me plz, maybe keep upping the £5 though so it sounds more rampy.
What’s the pay like for ramping anyway? lol
It also holds a 26% interest in the Maibwe kimberlites to the south of KX36.
On the company’s wholly-owned licences in Sunland Minerals, it identified 200 priority targets. It has narrowed this to eight targets that need to be further explored and drilled.
BOD increased its stake in the Maibwe joint venture (JV) to 50% by acquiring a stake from the liquidator of BCL in Botswana, and agreed a 2% royalty on any future production. There are four kimberlite pipes on the licence, and a drill programme is required.
ZIMBABWE
BOD highlights the potential of Zimbabwe to be significant diamond producer. BOD has maintained contacts in the country.
The company says there was a JV with Vast that did not bring about results. The company is now actively involved in discussions on a possible entry, and this coming to fruition is dependent on the ground offered and on the JV terms.
FINANCE & FUTURE
In recent years, BOD has been funded by a small group of private investors as little or no funding was available in London or Johannesburg, it outlines.
“Our strategy is clear. To have a pipeline project at every stage of development. Our first production will come on stream in the near future. We have a number of projects where diamond deposits already exist. We have drill ready exploration projects. Our task now is to get our message out to investors,” the company states.
Aim-listed Botswana Diamonds (BOD) believes there are big opportunities for diamond exploration and development in South Africa and the company is focusing on what it considers the best opportunities available to the company.
The company on December 8 reported its results for the financial year ended June 30, 2022, highlighting its increased stake in the Maibwe joint venture, in Botswana, and that it has taken its Thorny River project, in South Africa, to mining application stage.
The Thorny River venture, on which it has spent considerable time and money, is likely to begin production next year.
Thorny River is a kimberlite dyke system which BOD has demonstrated to be an extension of the Marsfontein and Klipspringer mines. Exploration has identified two deposits which between them contain up to two-million tonnes. The company expects the grade to be between 46 carats per hundred tonnes (chpt) and 74 cpht of good-quality diamonds.
It has applied for mining permits, which it expects will be issued by mid-2023.
BOD is working through development options on the discovery. It has a proposal from a contractor that would provide all mining and processing equipment in return for a percentage interest. This is being evaluated and considered as a potential viable option.
Mining is expected to begin in the first quarter of 2023 on the Marsfontein waste dumps. BOD mined here previously, but without success. The company says it has identified the causes and that a new plan should overcome the previous mining issues.
Thorny River or Marsfontein are expected to provide cash flow to make BOD a diamond producer.
In recent months, BOD has been awarded a licence on the Reivilo ground, which it highlights as a licence of great interest, containing kimberlite pipe.
The company has obtained a databank on Reivilo from London-listed Petra Diamonds in return for a small royalty. It is reviewing this data and plans on processing Petra’s drill core for microdiamonds in the near future.
BOTSWANA
BOD is focused on the Kaapvaal craton in Botswana, South Africa and Zimbabwe.
The principle focus during the period under review was the attempt to acquire the Ghaghoo mine, in Botswana. The company says the mine had a short, unsuccessful history and undertook a study to see if it could improve operational efficiencies, which it believes it can.
It is still seeking a partner on this.
What makes Ghaghoo attractive is a large deposit of good-quality diamonds and a fully built plant and infrastructure. The government has also been helpful from a regulatory perspective, BOD outlines.
BOD owns the KX36 discovery to the south of Ghaghoo, acquiring this diamond deposit as part of the acquisition of Sekaka Diamonds, a subsidiary of Petra Diamonds.
It is estimated the deposit holds up to 24-million tonnes containing up to 76 cpht.
BOD holds exploration licences surrounding KX36 where it expects there should be additional kimberlites as it is rare to find one isolated
You carry on MB, at least your honest on strategy. Everyone has one and will sell when it suits them, for what its worth I’m going long but anyone after short/mid gains is fine by my as long as they don’t try to manipulate a share eg its the best share ever then sell and now its the worst but I’m going to carry on posting here to tell you over and over = They join the green box brigade.
Stockopedia had it flagged as 4p after conversion from Zar but 5 cents as Sotolo is the last I heard in one of the RNS's
Over promised? BT has stated many times Explorations a gamble. All we can do is weigh up how much of one we want to make based on fundamentals (which here are plenty). Just because you didn’t get a massive sulphides RNS does not make this a failure and if you don’t want to wait that’s fine move on to the next company that’s close to results and jump in. You are acting as if this was last chance saloon when in reality Kav’s only just begun.
I’m not over invested here (don’t believe you ever should be with exploration), so I’m happy to wait until we’ve done a bit more drilling.
I'm looking more at the positives here than the panic (people not getting the result they wanted straight away and selling). Those people were going to sell on good news or bad news so not really concerned.
Big picture here is more that doors have opened within this patch and we still got plenty others to drill after that. Kavs still well funded and structured + share dilution at low levels.
In regards comms from Ben, I don't think he can win.... it wasnt long ago he got stick for giving out too much info and hurting the price.
Positive to see Tharisa exploring the opportunity at least whether it happens or not.
Very pleased to hear! Will be good to see what we can do with a reliable power source.
Keeps the Greens on side too!
I had the below sent to me on the 17th from IG:
=======================================
Dear client,
We wanted to let you know that we were still following up daily with our brokers regarding the Ricca Resources CA event.
We will let you know as soon as the situation evolves, and will update you regularly in the meantime.
We apologise for the inconvenience.
If you have any further queries, please do not hesitate to contact us.
Regards,
Evelyne L
Trading Services
Sounds about right, most the stuff they put out is rehashed.
This just seems to be pointing out the obvious about mining in general + a few company facts sprinkled in to relate it back to ALL. If it gets us a bit of attention from the general tip hunters out there looking for an EV play I don’t mind too much.