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That's the initial soil sampling done on 2/4 licences that are being worked on.
More work to follow to refine the results, befote the drills start, but this is another signpost ??
oh, and re the field trip, do you not think the directors seeing the operation in Botswana is not a good idea?
They have employed Tipps to run the operation on the ground - the board has to review / see whats actually been done? I think their trip is essential.
Yes the share price is being hammered. However, have you seen other juniors / explorers on aim, or in canada..? Everything is being sold down.
Find those companies you like the prospects of, and then decide on when the great buying opportunity is. For me, and KAV, its waiting until just ahead of the KCB drill campaign being announced.
But we have some sign posts for when thats due....
According to the last RNS on the KCB, the plan is to complete soil sampling campaign on 4 of the licences, (they are massive), re-evaluate EM data, do additional surveys, id drill targets, then drill campaign.
Do you trust the Geo's that Kavango have employed? I think they look like they know their stuff, (but what do I really know). I trust them to do their job, and find the needle in haystack of a good drill result when they drill the KCB. It takes as long as it takes.
I spent this evening mapping out the KAV licences, (along with AFP that I also hold), in relation to the Cupric canyon, Sandfire, and now Cobre licences. I know proximity does not necessarily mean much, but holy moley!
oops - i can see it on LSE, just not on my main tracking software.
I cant see my 198k buy either
Despite the current dead cat bounce of the larger markets, this is generally a risk off environment.
I've sold down on most of my non energy stocks. I still believe massively on mining stocks, but I think I know what's coming, and everything will get hammered on the coming few months.
I'm still in xtr, and still in profit. I will buy more when we drop below my average, as we have a prospective open pit copper mine, oh and some very good gold results just down the road.
Oh, and footrot. Finally
Thank you for some sanity iceberg.
So what dice roll did ascot come up with, per your post back in December?
F79,
Your comments about 0.5% got me intrigued about the size of your investment in KAV, (I'm shallow). When I worked out what that actually meant, I was quite surprised at the % terms of my own holding. Not as high as yours, but getting on that way.
I'm very glad I held over the last 4-5 months :-)
Placing to support putting a second rig in the field for focused KSZ drilling following up "fu*ed up rocks" from protoezoic?
i know Colin was very enthusiastic to start the sale process. However, I cant see this being sold in a month. So much that will add value is still ongoing.
I think we will be lucky to be done by the end of the year......
It's also not too late to buy in.
We are in an energy crisis (before the war started tbh), there is a war on, sanctions against a major fossil fuel provider.
Poland stopping buying Russian coal
Things are really volatile here, with some really big swings within a day. Keep your eyes open and buy some on a dip, then average up if it keeps climbing.
I sold all my tesco last week.
Buy some oil and/or gas shares. We are in an energy crisis. It's going to $150+
Canadian energy have a way to go.....
Eventually it will go high enough to kick off a recession, then tesco will tank with everything else.
Buy it once the carnage is over.
Personally, I'm in mining, copper, oil, coal.
This was moving 2 hrs before the slightly less pessimistic news from Turkey
Snap!
I'm happily invested with 10% of my portfolio here, at an average of 4.8.
I'll only add more if the price dips below 5.
The dice is cast, now its just a waiting game as the crew continue their journey.
I agree
I think the macro will overtake jubilee.
I really like JLP, its plans for growth/diversification, and I like/trust Leon.
However, I think energy costs are going to continue to go ballistic, as the fallout of self sanctioning russian oil and gas dawns on the market. It will, at some point, drive the world into recession, and this will drive down demand for PGMs, (research pgm demand in recessions) - hence JLPs basket price falls. In my opinion it's a case of timing when this happens.
I've now sold up here and bought more fossil fuels.
I am sure JLP will now have a mini bounce as that always happens when I sell a stock.
I'll buy back in here in the future once the global carnage is over.
atb
does 265,000,000 shares at £147 each or 265,000,000,000 at £0.147 make any difference to the valuation of the company?
The number of shares is irrelevant.
Dilution is relevant.
I also found iceberg's blog very useful.
http://icebergshares.blogspot.com/
Have you looked at the interviews re the B1 drill, and what they no think it looks like - ie a flat thing @16000s, and a thicker vertical thing at 2500s....... The drill went between them. Maybe these are a dyke and sill? I came here for KCB, but the KSZ, and the theory of what the KSZ could be re the research papers, (that seem to have vanished from the new website) are what excited me.
The target is still there, but we wont drill there for 6 months..... in the mean time the share price will drift off as the realities of the energy crises comes back and bites the world in the arse. Prospectors become items of high risk in such an environment.
I've debated selling out, and now buying more. But I am doing nothing. I was happy with my exposure before the B1 result, and am happy to hold my number of shares as the company continues its journey.
I think its exciting times, the team is top notch, and if there is something to find, they will find it.
I thought they hit the middle of the target. So mindea did a cracking job.
The issue was that the target was actually 2 separate conductors on either side of where the drill hit.
Modelling showed a single conductor plane. It's actually 2 conductors, with a gap in the middle that the drill hit.
Ie the modelling was more the problem than the drilling, and that's probably due to resolution - hard to tell what's going on 900m below the sand cover / rock
Bought in yesterday - > -15%
Bought a lot more today and now +5% overall.
Blimey