Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I stupidly was giving BT / KAV a final chance to put forward their argument via the StockBox Interview for this hugely dilutive deal for the PI. But its now 5 days later and no StockBox Video Q./A has emerged (another false promise from BT it seems), so I shall get on with my votes against it without this further knowledge as I don't do Telegram. Missed Your Chance Ben, if you can't be bothered to keep your word, then I can't be bothered to listen.
1.80p for a company that has world class assets if you believe what we have previously been told.
Investors may not accept it at the current SP maybe but if it were to plummet to 0.10 or 0.05 they may well be tempted to take anything.
Wouldn't be the first time...
This placing needs to be paused and reconsidered once we have had a decent drilling programme & in the right place(!) and on the right asset - get the value added to the co and share price up where it should be. Then expand maybe once we've analysed what we already have / or are sat on in Botswana.
This share has had games played with the price for the past couple years imo and now we see why is what I see...
Even the 1st Tranche would take them to over 25%, if they then just get to over 30% I think they could put in an offer for the company at the highest price over the past 12 months, currently 2.80, but with Ben doing such a sterling job to date, could be down to 1.60 by September, less than they paid in Nov22 for the placing. if so this is Bad News in my opinion.
Calcs
85,000,000 Pure Bond shares Now + 140,000,000 Tranche 1 = 225,000,000 PureBond new holding
of
705,570,000 Kav issued shares + 140,000,000 Tranche 1 = 845,000,000 Kav New Total Shares
Purebond shareholding would = 26.62%
+ (2) 3 Named Directors of Solai Holdings Limited off which 2 are also Directors of Purebond Limited are also Trustees of Solai Pension Scheme which has 0.141730% (1,000,000 Shares) Voting Rights in Kavango Plc.
= 226,000,000 voting rights - 26.67%
+ their warrants
Wouldn't take much for them to get over 30%.
Also over 25% - Shareholders holding 25% or more of the shares in the company have the power to block some key decisions the company may wish to make, as these decisions require a 75%+ majority (passed by way of a 'special resolution').
There is a link they've put on Twitter to join the Telegram, it starts at 12pm, also BT tweeted
"The event will be recorded and published on YouTube"
- of course whether he does this or not given his record for promising the world & delivering nothing remains to be seen.
Excellent Question on Twitter from Fiaz Khan (repeated below), for Ben / KAv tonight Let's see if it gets answered and addressed honestly, sidestepped or ignored.
Can you please confirm that as #KAV and other insiders (MM #POW) are working with Purebond to affect transfer of control (takeover) that your advisors will notify
@TakeoverPanel
that you are a ‘concert party’ and will therefore be excluded from voting for the #Rule9 waiver?
Ella there is a Reunion Mining on UK's CH with PFWB who resigned 15/11/95, MJEF who resigned 5/5/99, DS who resigned 21/4/95 with Anglo American Corporate Secretary in 23/3/2016. The company dissolved 25/2/21.
Not sure if you saw this, looks like the visible month/year dobs match, or if it has any relation to your research or not. But thought I'd mention it.
For Clarify on what I saw, I have posted below. more has been added to the thread since I last looked on the 14th, - The tweet thread reads: AlbyTross @Alby__Tross
·May 14
#KAV
Who are Braha Investments?
They have a licence next to KAV which commenced in April 2023.
This gives some background on the 2 Mikes and Mr Wright.
https://t.co/KO0LbLWlro
May14
"App location and time interesting, came across something that suggested Braha had imported rig ( or rig parts) into Bots or SA.
KAV Snr management, apart from the public face, appear to have links to Reunion.
No idea about Braha, but the Reunion link is interesting."
May15
"I realise the above statement may be misleading. The Braha Investment licence and KAV /Reunion Mining links are two separate items. I have no evidence of any link between Braha Investment and the Reunion Mining guys. I am interested if there is any link between Braha and KAV."
So are is that stating that Braha Investments pty limited are not the 2 Mikes & they have not moved in next door? With the addition of the extra tweets it definitely needs confirming.
Why is Ben just doing the Q&A in a Telegram group? I don't do Telegram as FK79 doesn't so why choose just some people? That's biased, surely it makes sense to reach everyone? or don't the others opinions matter?
Also putting trust in them to make the right decision on our behalf is dangerous I think, BT is still sat on Eridge & Teathers from years ago which got took private.
I see it that now's your one chance if you want to try to change and the route of this as it doesn't seem the way, I don't think (unless you are PureBond, BT or the team who will probably do quite nicely thank you).
Especially as the Mikes appear to have moved in next door in Botswana...
Just my thoughts, I look at the facts, not the salesman flannel.
The first line "Some shareholders of other companies looking for Ni-Cu-PGE orebodies may find this rather disturbing:" & last line ("Ouch") - seem to be KeithOz's responses and the 2nd and 3rd paragraphs are from POW rns 27/4/23 looks like to me.
Barker if all small holders unite behind the Shareholder Action Group, it suddenly becomes a much larger number.
I agree with you I'd like to hear from KeithOz (subject to his disclosure of the conflict of interests) as there appears to be a current professional involvement of some description, judging by his phrasing regarding HE1 and PRD.
I'd also like to hear from the founders of KAV /former directors etc who are still invested from IPO & what they think.
FK - good point, thanks for the calculations. You are right, and the former directors may have differing views, they held a fair amount of the company initially from memory, although they have been heavily diluted since BT arrived. Seen some of the old warrants expiring recently too, I would not be best pleased. Has anyone checked the shares issued & headroom for shares to be issued since last AGM and if KAV is within its allowances?
Ah I may be wrong but on Twitter I thought Ben said Pure Bond wouldn't be able to vote on the Whitewash (2nd part) GM, no mention of the AGM 1st part... surely it should be both parts due to conflict of interests?...
Really?!!... on 2 trades?
Been following this discussion and my opinion is I agree with you, Shareholders need to call a General Meeting now, in order show their disapproval to the board and to also take control of the questions actually being voted on in the GM, before its too late.