Your all being played7 Mar 2023 07:18
They now want to buy more exploration sites
They claim these sites will be easier to turn a commercial find
And that should make you Al happy and buy more KAV shares
But when you approach the juvenile spin coming out of the CEOs lips and apply logic and reason, you soon run into problems
First of all, there’s no guarantee of an oven ready discovery - that’s the whole idea of discovery that you have to do the work and take the chance.
Second of all you have to pay a premium for an oven ready discovery and it’s not really an oven ready discovery is it; you pay a premium for someone else’s work.
Or even worse (see POW) you buy old junk plots that someone else has explored but is ultimately non commercial unless commodity values have a huge rise.
Or even worse you think you can interpret historic works better than the previous explorers, we all know that old trick to drag along mug punters.
So all that money raised at great pain to existing shareholders that we were told was for development of current plots will not be part spent on chasing ‘oven ready’ discoveries if that even a thing.
But they are not really interest in discovery, they are interested in dragging out the narrative and the story as long as possible.
That’s why the issue themselves a huge increase in options to ensure the gravy train can carry on for a few more years.
And that’s why they have responded to message boards after the pathetic strategy document and pushed the KSZ narrative of a huge find as this is what mug PI’s buy in to.
The lack of any dates and pre work to date since KSZ last drilling is a massive red flag that they are making this up as they go along.
New investors must tread with care .
KAV are useless at drilling
KAV are useless at strategy
KAV are useless as creating shareholder value
KAV are useless at deals
KAV are useless at fund raising
KAV are useless full stop
There are many red flags, do your research and consider the past performance, the current performance and more critically the recent RNS from this calendar year.