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I think we are all frustrated with the sp at the moment. Every time I look at how much its dropped, I don't know if we will see 1.00+ again. Here's hoping for a better 2024 for us all and hope pow future forecasts come true. Walletinvester's Crystal ball predictions
https://walletinvestor.com/lse-stock-forecast/pow-stock-prediction
I think personally the experts (let's call them that, because they work in the field and we don't) have a valid reason for still wanting to drill at molopo, rather than selling off. If the geologists advised there wasn't anything worth drilling for that would compensate for the loss of the drilling, then I'm sure the BOD's would be against it. Your not going to waste more money to come out a loss. If that's the case they need to get a job in a different field and stop wasting our money and time and stop searching for empty projects.
Yes we are all worried about drill costs, but if pow is a company searching for minerals, how else do they get them out of the ground without drilling?
There's all this talk about Uranium, but we still have to drill for it. Unless it grows on trees lol and that's more cost. Same with tati and future projects.
I think the RNS is a positive rather than a negative. The company must believe there is nickel there to bring in enough to cover costs and its showing that we are moving forward
If we have any expert geologists here that see anything different in the diagram and research, let us know your expert opinions :-)
I'm also curious where you found out the figures for the drilling and why c$? The local currency is Botswanan Pula if they are paying a local firm; unless they charge in USD which alot of these countries do
I think we are all speculating here at the moment and we're not going to know until further news releases
We will probably have a stockbox interview at some point. Hopefully Sean can reassure shareholders this time they won't spend money on mistakes. Looking back at previous drilling in botswana; it won't be for several months before we find out if they have hit nickel or missed it again
Looking at the diagram, 14b was very close. 14a was way off. How did they not see that big purple/blue bit before I'd like to know. It stands out a mile. I think they should drill 2 holes. 1 where they have marked and another slightly to the right to be sure.
Perhaps a few of us can start them off with some shovels and get digging lol
Just worked out for Rick and term oil. They purchased 319,388,235 shares at 0.85. Now at 0.53 they have lost so far £1,022,042. Imagine seeing that in the red. I'd be crying lol Sean you have alot of work to do
Would you work for free Roger? Even people who run charities get paid. Pow isn't a charity shop and Sean isn't a volunteer; he's employed by the company. we do need to get the drills in the ground though, but not any random area. They need to double, even triple check that the money for drilling will hit the spot we need.
I'm hoping Sean does know what he's doing. His job and reputation is on the line. If the sp doesn't go up, he and shareholders are losing alot of money and I'm sure RR won't be too happy and won't give good feedback about Sean or pow. So I think for someone who is getting paid to build up the company, he has to do a good job. Otherwise no-one else will want him in the future
Bonkers. Are you saying pow aren't going to drill ever again? If we do, then there is a possibility we could have a discovery
Botswana is in Africa and we have MFC and tati. Still awaiting more news there (no drilling news as yet) they aren't having winter months as in canada. So they can continue doing whatever they are doing on site. And before you ask what they are doing on site; you can look yourself from the previous RNS releases and interviews ;-)
We could do with a big find like with greatland gold. Similar sp to us back in 2018 and in 2 years they were over 20x the sp. Hopefully Sean is trying to seek something similar to them. They are also on the US market ;-)
It's just a matter of patience and hopefully we could be in a similar position if we have a big find.
Not sure however if converting the projects into ipos will raise the sp for pow if they on their own discover a commercial find. This is my only worry
Now it's the winter in canada, I don't expect to see much happening until next year with the Uranium and lithium projects. The projects in botswana however should be still continuing until the Christmas break and in the new year. What is the likely hood that the sp would move if they find more gold in tati? Do we think a gold find would put us back over 1p or are more people interested in the Uranium?
This chat site is similar to a review of the company and anybody who has been self employed, knows a negative review is a bad thing. Yes we can't all stay positive, especially if we are from the UK. But if anyone else who hasn't invested reads this chat and doesn't investigate the company (as they should be doing) then it's pretty off putting. I'm also a long-term investor and the sp does pee me off every time I look at it. But isn't it the investors that control by selling and buying. I know we need a big result to bring the smiles back, but hey, we have to look at the big picture and see Sean and the rest of them guys are putting in the work. At least he is trying to goto conferences and shout out the word on POW and bring in investors like RR and friends. He's trying to get the ipos out, to reduce the cash burn on pow. All we can do is try and be a little positive as well. We are investors after all and hoping the sp to go back up. If it was our own company, would we want bad reviews for the world to see. Perhaps if anyone has any suggestions or criticism; can pass them onto Sean. I'm sure he will respond.
Anyway! Just trying to bring a bit of positive to a bad sp ;-)
As part of the Placing, the Company is pleased to announce that it has entered into a Subscription Agreement with Term Oil Inc., a company controlled by Rick Rule ("Term Oil"), pursuant to which Term Oil will participate in the Placing up to an amount of £1 million and not less than £0.5 million ("Subscription Agreement").
The net proceeds of the Placing will be used to further the Company's exploration activities and for general working capital purposes.
69,500,000 shares of Kavango Resources plc ("Kavango") at a price of 0.8p per share raising cash of £556,000 for the Company
Happy Bonkers?
Correct me if I'm wrong, but we have cash flow, a profit that comes in. We have the ipos, more on the way and many projects that are important towards a cleaner energy. However we have so far 11 buys/sells compared to other companies that have very little news and probably no or very little cash flow until they discover anything, but still they see more action as in buys/sells. Its market conditions and we really could do with more than an average of 20 buys/sells a day. We are definitely under valued compared to where we were before
Lions, if they were there with their big paws waiting to bid would likely jump in early and the vultures would be pecking up after. Lions dont wait for an elephant, if they can grab a passing small zebra. We do have some rabbits nibbling on small buys, but not enough to make any movement. What a weird debate lol
I was replying to docs message regarding Petes message. Nobody of course knows or can predict when these things will happen. We didn't know the day before that the mfc rns would drop and would shoot the sp up. All we do here is give our own opinions and examples. We can leave at that if that's OK with you