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For those who believe in the longer term prospects (as I do) be grateful to the traders providing the liquidity and opportunity to buy down here. It will be those same traders who will boost the sp when good news arrives.
It's the timing (and size) of the financing that will be my reasons for voting against (pending being convinced otherwise by Ben on Friday). He has already said the KSZ and Ditau campaigns will proceed irrespective and at this stage I'm willing to take the risk that we'll have something positive ahead of a subsequent fund raise.
Agree about a webinar from Ben, he needs to explain/justify all this. Otherwise I will certainly vote against and hope that enough of us will do the same.
Yes bringing the date forward is most unhelpful.
Market's aren't rational though (thankfully otherwise no one would ever make any money) and you can't quantify the value the market will attribute to results, particularly positive ones.. Greatland Gold went from a £20m market cap to £1b purely on the results of a few drills into virgin territory (not unlike what we're trying to achieve).
Ella my point was that he chose to tell us the funds have no bearing on the KSZ & Ditau drilling. This was unprompted and he could have just left it out of his thread and said nothing specifically on this if it wasn't the case.
I accept that they'll need financing/JV money at some point one way or another but instead of speculating I will believe him at his word that it's not needed until at least after the scheduled KSZ & Ditau campaigns.
Chris, Ben specifically said on Twitter yesterday that the KSZ & Ditau drilling would not be contingent on the Purebond deal.
Ben says it's all up to us Legalwolf so encouraging that they're not sitting on their hands.
Excellent news imo. Is there a chance we might have the results of some/all of this campaign before voting on the Purebond investment?
Thanks Ella. With Peter's experience that's quite encouraging then.
Thanks for your thoughts Metalhead. I agree the Kansagra's are only interested in further building their holding and control here. Has anyone been able to find out about their history/experience in this field?
I have approx 3.3m shares and would join.
Yes Greatland Gold got up to a £1B valuation from a very similar starting point as KAV. It is possible. If we can strike a decent gold resource at Ditau things will look very different. I believe conditions in the market will become very favourable over the coming years. Gold is already curently close to ATH's. And we all know the potential of the KSZ and KCB with a bit of luck.
Or quadrupled depending on when you entered. Share prices don't go up in a straight line...
Strong support on the chart here at this level too. I've added today, clearly I'm not the only one.
Is that despite the questions raised by the annual report and this mornings RNS the selling has completely dried up and 1p continues to hold. Really does feel like the bottom's in.
Not sure who specifically you're referring to Metalhead but personally I've only ever commented about drilling B1 before a raise, not any other prospects. Reason being is KAV have for a long time gone to great lengths to tell us B1 is the 'company making' target.
Why couldn't they drill the B1 and secure the investment at a far higher SP? Shows a real lack of confidence and BT showing more and more that he's out of step with his shareholders. Guess it doesn't matter as no doubt his bonus will be double next year.
I think concerned shareholders have seen enough to flee if they were inclined to do so..