Member Info for Purdey

FK, Mike and the founders, were one of the reasons why I originally invested. I liked their philosophy and found their approach refreshing, and they didn't issue shares like confetti as it currently the case with the present board. I think you are right, they are probably as unhappy as we are. Wonder how Paul Johnson and Power Metal Resources feel. Are they related / associated parties / company?

Just wondering on a different note, why the 2022 Interim Results from 9 September 2022 aren't on the Kavango Resources website. In the official release rns's it states they are there but they certainly aren't presently in their investor relations financial reports... Curious...

This is all I can find there:

Accounts Year End 31 December 2022

28/04/2023 15:00:00

Accounts Year End 31 December 2021

13/06/2022 16:50:01

Interim Results for the 6 months to 30 June 2021

30/09/2021 13:29:49

Accounts Year End 31 Dec 2020

13/05/2021 07:00:00

Interim Results for the six month period ended 30 June 2020

01/10/2020 10:40:06

Accounts Year End 31 Dec 2019

17/06/2020 11:25:30

Interim Results for the 6 months to 30 June 2019

14/08/2019 19:50:55

Accounts Year End 31 Dec 2018

30/04/2019 15:38:29

Interim Results for the 6 months to 30 June 2018

27/09/2018 08:19:55

Accounts Year End 2017

04/07/2018 12:36:59

Hi FK Capital, just found an old shareholder doc with holdings on it and thought you may like to see it (if you don't already have it): Think it was around Sept 2021. I remember they originally used to promote the fact on the old website that the directors & founders held 27% but that's been removed now.

Shareholder Number of Ordinary Shares Percentage of issued Ordinary Share capital

JIM Nominees 153,596,000 38%

Other 68,714,000 17%

Directors/Management 64,672,000 16%

Other Founders 44,462,000 11%

Share Nominees 32,336,000 8%

Hargreaves Lansdown 24,252,000 6%

Interactive Investors 16,168,000 4%

Total number of shares in issue 404,200,000

I see Mike Moles holding was showing as Charles Michael Moles 22,092,768 3.13% in the 2022 accounts, not sure what he has now.

Slowlyslowly, it states in the Nov 2022 Prospectus -

6,025,095 of Mr Turney’s shares are held in his personal name. 2,445,456 shares are held by Dynamic Investor Relations Limited, acompany Mr Turney in aggregate directly and indirectly owns 70% of its entire issued share capital.

500,000 shares are held by EridgeCapital (UK) Limited, a company of which Mr Turney owns the entire issued share capital. All of Mr Turney’s shares are held by way ofnominee accounts.

As I said, not sure what happened to the NWOG/Eridge Capital Action Group or if Ben still represents their interests & voting or simply chooses himself how to vote, but I found this after a google search on the Kavango Resources website in the prospectus mentioned above.

You are entitled to your opinon, I personally have a diferent opinion and think small amounts of shares added together create larger amounts, particularly when not everyone votes, equally it should be the correctly entitled holders voting...

Eridge Capital (previously New World Oil & Gas) had 500,000 shares in Kavango Resources - if they still have them, who has the power to use the votes next week at the KAV AGM? BT I think somehow, but just wondering how it occurred and if its his choice or the action group's decision.

NWOG did have 4.2bn shares itself in 2016, and there was an Action Group, but there just appears to be 1 Eridge Capital UK and 1 Eridge Capital BVI now from what I can see.

Does this affect Eridge Capital UK? I'm seeing BVI as a subsidiary of Eridge Capital UK? Does UK still have the 500k Kavango shares? I see BT has the 1 share - his decision oon the vote or is he governed by the NEW/Eridge 4.2bn shareholders / action group?

--------------------------------------------------------------

Public Statement 17 of 2022 - ERIDGE CAPITAL LIMITED

Public Statements

ERIDGE CAPITAL LIMITED

Tortola, British Virgin Islands - 5th October 2022 - The British Virgin Islands Financial Services Commission ("the FSC”) considers it necessary to issue this Public Statement in order to protect the customers, creditors or persons who may have been solicited to conduct business by ERIDGE CAPITAL LIMITED and to make the general public aware that the entity has been struck off the BVI Register of Companies ("the Register”) and has never been licensed or regulated by the FSC to carry on any type of financial services business.

The details are:

On 14th March 2018, ERIDGE CAPITAL LIMITED was continued into the BVI as a business company, having previously been registered in Jersey as NEW WORLD OIL & GAS PLC. https://www.jerseyfsc.org/news-and-events/new-world-oil-gas-plc/. The entity has never been licensed or regulated by the FSC to conduct investment business or any financial services business in or from within the BVI.

The FSC is aware of complaints circulating on various internet sites from investors/shareholders of ERIDGE CAPITAL LIMITED and wishes to make the general public aware that on 2nd November 2021, the company was struck off the Register. Under BVI company laws, a struck-off company, and the directors, members and any liquidator or receiver thereof, are prohibited from dealing with the assets of the company and from acting in any way with respect to the affairs of the company.

Members of the public are therefore advised to exercise extreme caution if solicited at any time to conduct business with ERIDGE CAPITAL LIMITED. The public is invited to provide the FSC with any relevant information on any questionable entities which are purportedly operating in or from within the Territory and on any improper activities engaged in by such entities.

The FSC has issued this Public Statement pursuant to Section 37A of the Financial Services Commission Act, 2001.

https://www.bvifsc.vg/library/alerts/public-statement-17-2022-eridge-capital-limited

This share had TVR of 4,746,786,108 shares in issue in 2016. How come Eridge Capital UK now only has 1 with Ben Turney? What's happened to the Eridge Capital BVI struck off? Does Eridge Capital (UK) still have the 500,000 Kavango Resources shares, and if so who decides upon the voting for this company, BT? How come?

So does that make everyone on the Telegram group who heard it "inside" then?

If he has done this, announcing key information that not available to all shareholders is not on and against the rules, maybe he needs reporting and the FCA need a look at his antics too then.

He said he'd publish it. He needs to get on and and do it now, I'm waiting Ben.

This is wrong, I don't like such practices, it should be out and available for everyone to see.

Ben's message was extremely misleading to PIs who couldn't attend, really unfair.

Before the event on May 16 2023 on Twitter he stated

"If any #KAV shareholders can’t make this event and have questions you’d like to ask, please forward them to @StockBoxMedia or @KavangoRes

The event will be recorded and published on YouTube"

Anyone know what Q&A's were asked? Anything tricky for him? Seems like it to me, why be so cagey else?

I didn't expect his Twitter tweet to mean - at some date in the future between now and doomsday - but rather promptly to help people with their voting decision BEFORE the vote.

He seems to only care about a select few shareholders on Telegram and stuff the rest of us.

Cheers Ben, I've added you to my list of directors to avoid like the plague in future.

If only he was being voted on too....

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.

FK I had what you read, plus I had zim translated for Zmbabwe, Turnip (BT?), mate - MFoster (at Pan African in 2019). I Could be wrong tho..

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?

Any idea where you saw the rig info on Braha, Ella?

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.

I see the Mr Turney has changed the name of Telos Invest Limited into Rapid Exploration Limited earlier in the year & now owns 75% or more.

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.

I referenced a post 3 days ago on Twitter by Alby_Tross regarding Braha Investments pty limited, with a prospective licence PL2390/2023 commenced April 2023.