Member Info for slowlyslowly

Your Bushveld shares remain Bushveld shares. The Mustang deal doesn't involve them at all

Not the AGM - they'll call a special GM for these resolutions.

It's not impossible for this to get voted down. If every PI used their vote and voted against this, it could probably be defeated. Send them back to return with a proper offer.

Codswallop, Swakop. Ben recently shared an audio recording of an interview with Bhulo in which he said he has no interest in running the company or taking anything over. They were simply looking for opportunities for outsized returns in the African minerals exploration space. They'd said they would follow their money with further investment when needed, and they've just shown they meant that. But they also said they want private investors to continue to be able to do the same themselves, which again is what they did in underwriting the whole placing but only committing to their 52% to start with.

There are no shenanigans. JP2000 has miscalculated the Hillside deal and misrepresented a number of other things as well. A main London listing is exactly the right place for Kavango IMO. DYOR and GLTA

Also interesting to overlay the current chart with the one starting nearly exactly 4 years ago.

I first bought in here about 1.2p. I noticed the steady news flow and building excitement, and read everything the company had put out. By the time I was persuaded, it was at 1.2p, and I realised my chance to buy sub 1p had been missed. But the corner had been turned. Some fresh appointments and fresh focus made it a great time to get on board.

I wasn't disappointed. I ended up topping up at progressively higher levels.

What happened then was a crash for a few reasons, the biggest of which was the KSZ miss. The other was the need to place at a discount to people who would flip quickly.

As said earlier today, this is now Kavango 2.0. And funnily enough we're at 1.2p on the offer (or were yesterday). Someone looking at this now would see building news flow and excitement at what they might find. Like me 4 years ago, they'll realise they missed sub 1p, but the corner is turned so it's IMO a great entry. DYOR. Some excellent appointments and a fresh focus.

The question is what could go wrong this time. I think their ground work is much more focused and evidence led. The team is very qualified with past discoveries under the belts of Steve and Dave. No guarantees what they'll find, but the company is in better shape.

And no discounted placings to quick flippers, because there is a cornerstone investor.

So this time the chart could follow a similar path, only without the downturn where things went wrong last time.

That's what I'm hoping for.

Ben became CEO in June 2021.

Clarification: That would be 10p per share cash going into the business, but that wouldn't then value the company at 10p per share because there are the other assets (the ones that weren't sold) still there too.

Hm, actually, some of the most critical posts of KAV on here have come from JP2000. I've read very positive, and very negative, but always sharply argued and I come away feeling they're asking the right questions. Maybe some on here are always positive or always negative, and you could accuse them of posting the same thing and ignoring facts. I don't believe that's true of JP2000. He's very capable of holding the board account and asking sharp questions.

You're tired of Ben using the word "potential", Pauly80? Given they currently haven't got a defined resource in Botswana (they have, of course, in Zimbabwe), would you prefer he claimed that they did? Presumably not. That would be lying. So presumably you'd prefer it that he said they had a resource because they actually had one. Well, wouldn't we all. But I've watched the company make mistakes along the way, learn how complex the geology is in the KCB, and realise that an altogether more sophisticated kind of inversion modelling will be needed. I've then watched them see that a simple open pit, shove a spade in and start digging out copper, isn't the kind of resource they're going to find, get data from another provider at low cost, and now plan a much more targeted drilling campaign than they'd previously planned. I'm not sure what more one could ask.

Will they definitely find copper? No.

Could they find copper? Yes.

How would you rate their chances with their current data and field team? That's the question each person must decide. And you invest here, or not, depending on what you decide.

What you can't do is dismiss somebody else's conclusions. One person decides this is investable and worth a shot. Another decides they aren't likely enough to make commercial discovery. Neither person is wrong. They've just done their own assessment of what's going on and reached their own decision on how risk and reward balance out.

LND at a stage where it needs significant continued investment to achieve only modest increase in the value of the property. FCM has multiple assets, each at a stage where a carefully targeted spending programme can add significantly, leaving someone else to develop the next stage - picking it up off FCM at a value that reflects the work done.

The other contrast I didn't give is the communication. From Landore it's been pretty thin lately to say the least. For First Class Metals, it's clear they respect shareholders and use every means possible to communicate clearly and regularly. A refreshing change for this kind of market cap.

Don't get me wrong, I don't think it's a competition where I want Landore to fail so First Class succeeds. In fact, I hold both. But I see many more near-term opportunities for things to turn around really quite drastically with FCM. Landore is in the bottom drawer, and with gold soaring will one day come good. The assets are too good not to. But FCM is firmly in the top drawer. Certainly, to note a few casual similarities, and to conclude FCM will struggle in the same ways and because LND has struggled, is to miss what's been happening with the FCM projects.

Completely different company, with different number of projects, at different stage of the Lassonde Curve, etc., etc., etc.

"kind of implied it would be equity"

Nope.

They've said repeatedly that their preference would be for project-level investment, allowing the progress in a project to raise capital for the Plc to enable them to develop the next project.

Yes, word is getting out that news is due both in the KCB and in Zimbabwe, and that they have no funding shortage to execute those plans. I'd guess it's people taking positions to make sure they're positioned before those news items land.

For me, the bottom line is that Jim has twice exercised some of his 15p options.

If the company sells La India, he'd get to exercise those anyway and make a profit that is no bigger because he exercised them ahead of that point. So exercising his options now doesn't increase his best possible upside.

If they don't sell La India, then by exercising his options already he stands to lose more if the price crashes below 15p. He'd have been better off holding onto his options until he knows the deal is done and the exercise shares will definitely make him a profit. So his potential downside, worst possible losses if things go south, do increase when he exercises those options now.

So by exercising his options now, rather than after a deal is done, he increases his downside risk without increasing his upside potential. Normally someone assesses risk Vs reward. Put more money into a business knowing you make more profits if things work out but greater losses if they don't. For Jim, he puts more money in, increasing his losses if things don't work out, but makes the same profits if they do

So why would he do that. 1. Only because he's very confident that this will work out. But that alone doesn't explain it; he could still sit on his options until he knows for sure it'll work out. So it's also, 2. Because by doing so he ensures the company has the working capital it needs to keep operating while the deal is negotiated.

He must be convinced that it's worth the downside risk to literally buy the company time, because he must be convinced that the time he's bought will lead to a positive outcome. If he wasn't convinced of that he wouldn't put more capital at risk of loss, without standing to do any better as a result.

That tells me he's super confident. Whether we're very very soon, just soon, or some way off yet, I'm super confident too.

Although, woodyjohn40, I'm hoping for an RNS. Please, no RNA ;-)

I'm sure that catalyst will come. Today's news makes me more confident that they can see how to fund everything they need, which means things are developing nicely behind the scenes.

Petro, a quick look at your recent posting history shows that pretty much all you do here is find stocks that are going up, and post to say it will be a spike.

LOOP

CMRS

ICON

PYC

STG

KAV

ECR

CLON

That's just Friday (8 stocks).

It seems to me that the common thread here is you rather than the fundamentals of those shares. After all, how can you have time to do deep dive research into that many companies in a short time.

Given this is pretty much the only thing you say about any company, if you announce it's all a spike all anyone can conclude is that you chose to comment, and not that there's anything about the company concerned to prove it will be a spike.

Sure, it doesn't prove you wrong. Some of the companies may drop back. This one could. Stopped clocks and broken records.

But it would be a coincidence if you were right, and not because there were any fundamentals to indicate this is a spike.

Now let's get this board back to discussing Nara, Hillside, Leopard, Purebond, the Kalahari Copper Belt, Dave C's credentials, the stamp mills, the maiden resource from the tailings, and so on.

Yes, agree with Legalwolf, JP2000 and ria20 here. This is not about looking for a company that has a solid and growing revenue and is profitable. IMO, that day will come. This is about spotting a company that has turned the corner and begun its journey into a significant next chapter.

Nobody is claiming that the revenue they've just announced from Hillside will cover all of Kavango's corporate costs - that's a ridiculous strawman to shoot down and claim the RNS is a dud.

What we have here is the beginnings of the Zimbabwean projects producing some revenue. Sure, not all the $60k per month revenue will be profit - I'd guess half maybe? But the point is that they now have a project that is contributing towards the balance sheet, for the first time ever. This is just the first revenue stream at Hillside, with more to come there, the other projects (Nara in particular) also looking promising, and we're told they have a list of other possible projects they could add too. Kavango is changing their model so that they can keep exploring the licences in Botswana without needing to keep tapping the market for discounted placings with warrants. What they've announced today is that they've managed to get some revenue coming in, faster than anyone foresaw.

As I say: Don't shoot this down as completely dud because one announcement doesn't cover all of their corporate costs. That's not what this is about.

Agreed. If you look at his posting history, he has posted one or two posts on loads of stocks, and every single one of his posts are saying "it'll go down - don't get caught". You can't research that number of stocks in any detail, and there's never a detailed, constructive argument presented for any of them. Seems to just jump on the risers and post that mantra, then move on to find the next stock to say the same thing for.

The fact is: KAV has sight of near-term revenue from this, and this single tailings dump is just one of many easy-wins in Zimbabwe for them. Coupled with the Purebond investment of £6m, they have a plan to develop the KCB assets without needing to tap the market for discounted retail placings with warrants.

David, that's 3.75m shares. They sold the Kun Manie project and paid most of the proceeds back to shareholders in the form of a 1.8p dividend. If you had 3.75m shares that would have been £67.5k (so the discussions some on here were having on whether that's income or a return of capital, and so how it is taxed, becomes relevant to you). The company became a non-trading cash shell, which means they suspended from trading on 7th Sept 2023, having not completed a reverse takeover within 6 months of becoming a shell. They have until Thursday to do so, or the company delists from AIM, but remains a company, and they now hope to complete a reverse takeover and gain re-admission. However, provided you got (or can track down) that dividend, your 2p entry should mean you've got 90% of that back.