Member Info for Professor1

Hi Star / MEM

Thanks - feeling much better now, I had one thing after another happening.

MB, I believe, has made a very good move. So watch this space.

Hi John and all
Many thanks. The p/ship would work very well. They have the capability to carry out JORC standard work. I think it will be a win win for both parties and the Govt of India. No lengthy legal process, no loss of reputation and adverse impact on foreign investment, lessons learnt from Cairn etc.

My money is firmly on the tie up with the wholly owned subsidiary of the Rajasthan State Govt. It just makes sense.

GLA

Hi ST

Great to hear from you too.

You are right, MB has a good track record of solving delicate issues, particularly in India and I believe he will make this work too. The case under the Australia - India Bilateral Treaty is possible but I don't think it will ever come to that. The chances are that we will soon hear about the progress being made with the Rajasthan State Govt who own RSMML - the latter carried out further drills to define the 6m oz resource. I would not be surprised that we do indeed form a JV with RSMML and the recent RNS on the restructuring of the existing JV was the first step towards that goal. It just does not make sense that we would form a JV with another mining company in India who would suddenly help us resolve this long running issue with the state.- The state of Rajasthan always wanted a JV share, a fact which I had managed to obtain from one of the legal sites in India (my earlier re-post), in the project and it appears that that is the best way forward for all the parties. As MB mentioned in his interview, common sense will prevail.

Things looking good to me. GLA

"From the evidence I found from one of the Indian legal sites, we know that the govt of Rajasthan want to be an equity partner in this project (see para below) and that their desire was to have a 51% interest. Legally though, they are not entitled to any BUT our management want to have an "amicable agreement" to this.

" 15. Respondent no. 2, followed the order dated ...........The said order went on to state that, RSMML (i.e. Rajasthan State Mines and Minerals Limited) could, however, enter into a joint venture with a private investor, subject to RSMML having a minimum of 51% share in such a joint venture ".

So its anybody's guess the type of structure this will take but my own view is that we will retain control. One thing we know that our CEO want to build a long term relationship with the state govt."

Hi Mickey

Good morning.

Got my 94,185 @ 11.35 this morning. This is looking very good. Remember, the Govt of Rajasthan always desired to have a JV interest in the project and I firmly believe that the recent restructuring was to pave way for this "amicable solution" to happen by means of a JV with the Govt of Rajasthan.

Busy right now but will catch up later.

GLA

This is all looking very promising indeed. Surprised by how little the share price has moved but it suits me fine to collect more of the chips here.

GLA

Sorry I can't attach the link but please check out on KITCO.com "Pierre Lassonde is betting on these metals: A renaissance is coming"

PLEASE LISTEN VERY VERY CAREFULLY FROM ABOUT 2.10 MINS. BEN WAS ABOUT TO SLIP UP AND VERY QUICKLY CHANGES HIS WORDS.
I THINK HE WAS JUST ABOUT TO SAY " what we are LOOKING AT is a HUGE NICKEL....." THEN QUICKLY CHANGES TO SAY

"what we are looking at is a " HUGE MELTING POT....."

Hi Fukurokuju

Thanks for posting the link - just watched it and my word we are seeing serious developments at KAV in all fronts. Can't stop thinking that Ben might be lining up some serious institutional investors too behind the scenes.

GLA

Hi British

I have to completely disagree with you there.

KAV need to only prove up each target at a time. And, if they do, big majors will line up with a bidding war and we can just sit back and watch. Big finds are rare these days and any major will fight over a large proved up resource. KAV can sell each proved up area on a piecemeal basis and derive the value which can be used for proving up the next target. Ben is a smart cookie and he is not going to sell the whole thing for peanuts.

Legalwolf

I know references have been made about the majors like Anglo American, Rio Tinto etc. However, I would add that it has been mentioned that even the biggest gold miners are also looking to diversify. So I would not be surprised if we hear Newmont or Barrick show some interest.

GLA

Thanks Keith and everyone for great posts.

Pegmatitic: Pegmatites are very coarse grained igneous rocks having grain sizes in excess of 3cm, Pegmatites are thought to form as a result of very slow crystallisation and may contain exotic minerals from a volatile-rich melt.

Hi DogstarTrader

I see that the volume bought is some 20m and that sold is much lower at 17m. How does this explain the SP fall?

By the way, all credit to DogstarTrader who has been warning investors from long time and in fact he did mention, if I am not mistaken, to take profits when you can.

Lochranzalad

I agree with your comment about ramping done by the CEO himself. A lot of investors here probably relied on what was being said on the proactive interviews and got carried away, myself included. My trust in the management here had disappeared when the IMG fiasco / delay happened and I felt that the management knew about it but did not come out clean. That was ONE BIG WARNING SIGN FOR ME AT LEAST.

However, I have diversified and it is not something I need to see now and again. My paper loss here is more than offset by paper gains elsewhere so I am net in blue. It will have to be a wait and see game on this one.

Please can someone post that tweet. Many thanks

Ella10, thanks

"TWO MAJOR EXPLORATION HORIZON"
Wow, that would be insane.

Does anyone see here an early FARM -IN agreement with a major, just like the one with Newmont / OMI BUT on Terms that are reasonable for KAV?

The major these days are used to 1000 m to 2500m. I think they will drill each hole much much deeper from now on and re-drill the missed Canadian one too.

Sit tight for an amazing story to unfold here for many years to come.

GLA investors.