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Anyone gloating they predicted this fall will have been wrong in their forecasts many many times before (as we all have) and doing so reveals something about their character. No one has a crystal ball.

It's definitely a closely watched share. RNS's are always on the first page of the stock exchange website (prioritising most popular first) whenever news lands.

Thanks Elric, touches on the Zim opportunity/progress at the end too.

Ben explains in Telegram that ENRG have been somewhat forced into the sale to raise funds to keep their primary Uranium asset running, so an opportunistic purchase. DC has already done work on the license area and sees its potentially linking a system with our existing licenses. As they're buying 90% of the two companies they will now have access to the data (just as they now have access to the license area) it just means the data and licenses remain in the existing companies.

Would wait for a bottom/basing formation first otherwise it's just good money after bad. Shorters firmly in control here. Clears 82p and it gets interesting again.

Share prices are not derived from rational, logical thinking but from sentiment.

Certianly a lot of focus on oil prices right now. If we start to get some positive news re the production test and new wells coinciding with the oil price at highs it may stir interest at just the right time.

He's been aggressively increasing his holding at every opportunity, including now sweeping up Indo-European's entire stake. Very much looks like a bid's coming

Yes, if he is going to make a bid he's playing a dangerous game, we know how quickly this stock can move with such a small free float.

Given how little information is in the public domain under the current leadership this is surely a takeover effort? Not far off 30% threshold for a mandatory offer..

More frequent updates and PR will be the catalyst. They need to get investors attention, company's been mostly invisible the past year.

Ben has messaged the Telegram group

"Kanye Resources Plc (registered in England) was a vehicle we set up for the joint venture with POW

We no longer need it, so we've struck it off

Kanye Resources Pty is registered in Botswana. This is the vehicle that owns the majority of the KCB licences and has been wholly owned by Kavango Resources Plc, since we completed the buyout of POW from the JV

This is all just corporate housekeeping to make things more efficient

The Purebond deal is still going ahead on the same terms and the prospectus is currently being reviewed by the FCA

I cabn't give any guidance on timing. This regulatory process is out of our hands"

Textbook flag building on the daily chart. Ready for breakout on news.

Just really hope someone knows something we don't on this one and there's more than meets the eye. The one thing this stock has going for it is how few shares are in circulation and most are tied up with strategic investors. Can move sharply on any news/progress.

You could say the same thing for KAV Cox! Not better to cut your losses and move on?

I know that antelope but ask yourself have this management shown even a shred of competence or progress since taking over? Coupled with the fact they do not communicate with the market. This is not going to be a success as things are.

Exactly as you say in your last sentence JP, it's the principle assets that keep us here. It is the hope of a discovery, if it happens it will give us direction and certainly make the corporate side of the business a lot easier.

I have absolutely zero confidence in the current management to deliver anything at all. Our best hope is for EVM or Jason Cropper to replace them. Also did we ever get that $500k from Bezant?

Sentiment is clearly changing and good to see a higher base forming ahead of the next news. Hopefully it will drive higher from here now.

Closing back above the key 4p level is also very positive. Buyers back in control, likely to kick on higher.