Member Info for slowlyslowly

Today is Day 10 in a row with a bid close at or above $1. So, yes. When Nasdaq writes to the company to confirm, I'm sure they'll issue a press release to say we're compliant again.

This company had an RNS on Monday morning and another today. Other websites show these (ADV, Pro Active, the Stock Exchange itself), but this website isn't showing any of them. ... ??

I think just nursing a headache after losing 3:0 to Ipswich Town yesterday

DC, it's quite simple.

The money they'll receive for selling Kun Manie exceeds 1.8p - they're not paying all of that consideration out as a dividend. That's one chunk of the extra.

Then, their cash balance is non zero even before they sold their asset. So there's cash they already held. That's the other chunk.

Once they've received the money that we heard today has been sent from the buyer's bank to ours, the cash they hold will be about 2.5p per share. Of which 1.8p will be paid as a special dividend.

After they've done so, they'll have cash about 0.7p per share. That's either funding to use as a shell to help complete a reverse takeover, or cash they could return to shareholders if they dissolve the company.

A year or so back, the company published a diagram produced by Jeremy Brett. It had a horizontal scale showing different Siemens readings. Underneath are coloured bars, each indicating a different type of resource. The bars are positioned so they stretch across the range of readings you'd get if you have that underground.

On the left are the lowest conductors. Granite. Sand. Permafrost. Typically at 0.00001 to 0.001 Siemens.

On the right are the highest conductors. Super conductive sulphides. Typically 50,000 to 100,000 Siemens.

Salt water is in the 10s range.
Graphite is in the 1s-10s range.
The 100s is semi massive sulphides, magnetite and serpentised ultramafics.
1000-10,000 is massive sulphides.
So at 28k we are above that, but not into the super conducting sulphide range.

https://twitter.com/KavangoRes/status/1546806667932844038?t=YrYD6RQyVTNGUo_bUo23DA&s=19

Unless you include the B1 conductor reading which is now 28.7k not 16k, and the fact that they plan to drill B3 and B4 at the same time as B1, and the fact that amongst their various projects this is now the priority one.

Sure, but the effects of the dilution are very different. Raise £1m cash at these share prices, everyone's proportional holding of everything in Kavango is diluted, and you create added overhang as some of those placees look to churn out quickly and the warrants have to go through. If, instead, another party earns 40% of the KSZ by paying £3m at the rate of £1m a year over 3 years to get their full 40%, we then end up with only 60% of the KSZ. Our share of the other assets is untouched, as is our working capital, and that overhang never gets created. An earn-in is a good way to spread the risks

sorry, that should read "neither you (or anyone else)"

Coxo, you (or anyone else) answered the question I asked yesterday about noon, picking up on the claims you were making about funding. By all means decide that things have changed since you invested and so you should therefore sell up - we all have to keep our investments on review and ask if the original case still holds. But not on the basis that the company is not fully funded.

My question was very precise: "Where exactly does it say that they'll be looking to raise? Yesterday's says that they are looking for project-level finance, but that is very different from an equity raise. What am I missing?"

Thanks, but that wasn't my question.

Where exactly does it say that they'll be looking to raise? Yesterday's says that they are looking for project-level finance, but that is very different from an equity raise. What am I missing?

Just to make sure we're all clear: "Southern Africa", not specifically South Africa

t . me / +Uh8Wio-hy3w2MjU0

I wasn't looking to correct you No Shorts, but old moot who declared it a delayed sell. Whether you look at the range on the chart or the book at the time, it's a buy

At the time it went through, the bid was 1.60 and the ask was 1.70. The trade was 1.70. .... A buy

Good man - hopefully you get somewhere. Look forward to hearing

@roger65 - You couldn't find a phone number. Look at the most recent RNS (AGM Results), scroll down to the bottom, to the section headed "Enquiries".

The market cap is small. But the team chose which claims to license with great care. More crucially, the excellent comms we get from the top team here show a respect for shareholders that is unrivalled at this cap level. They've also structured fund-raising in a way that gives the new investors an excellent entry but without diluting out the existing holders. This is early days, but has the potential to be quite a unique company.

I'm sometimes a bit late reading my RNS when they pop into my inbox. Especially with one like FCM, where I'm in no hurry to sell, and am not worried by what they're about to announce. I know can read and file away the latest reports at my leisure.

I've just read yesterday's reports on the sample results from Enable. 7ppm - that's a decent grade for a grab sample. I love the fact that they're working on lake sediment sampling now too - this could have been a closed season for field work in northern Canada, but it shows proactive focus to keep working where they can.

What I'm not sure many have realised is that they have these 6 different licence area (7 if you include Sunbeam), all with slightly different history and different metals being sought. FCM is far from being a one-trick pony. Reading an update from one of their smaller licence areas is a reminder that good news could come from any quarter. Yesterday's RNS makes clear that this is the first of several updates we will get as samples return from the labs from those different projects.

I'm waiting happily for the next update.

Given the open offer was not fully subscribed, they should meet everyone's excess applications in full. We'll find out when the new shares appear in brokers: accounts. I put in for one-for-one in the end, and I'm expecting to get that.