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Respectfully, Hardman research get it wrong more than they get it right.

Look at the hurdles, the costs, the challenges and we are in for a bumpy ride and despite all that there is no guarantee we will turn a profit or even get the machine into scaleable production.

There is still a long way to go until they turn a profit.

It’s the stuff of fantasy to expect customer deposits until the machine is fully approved l proven and available in sizeable quantities, we are a long way away and more shareholder pain is on the way.

I don’t expect 4p to hold out, there is still much more capital required along with significant hurdles to overcome.

Look at the facts

* a massive options package for all the board
* followed by a strategic review that could have been wrote on the back of a *** packet
* a strategy that involves buying more land and spending more time and money
* followed by todays pump RNS

They have sorted themselves out ahead of the next funding raise.
The options packages are a massive RED FLAG
They have sorted themselves out as they will need to raise again this year

‘Fully funded for 2023’ is as laughable as ‘the year of discovery’

Beware of lifestyle scams

Why todays share price drop?

Todays RNS

* old news
* no dates
* old info spun out again

Until the CEO goes, nothing changes at KAV

Genuinely amazed this recovered to back over 5p with all the risks

They raised funds to drill

The funds are now being used to buy more exploration sites and drag the lifestyle company out a bit longer

The kind of drilling campaign KAV are looking at requires expensive drilling campaigns , project finance is always dilution be it in a different form.

But the main reason KAV buying land and looking for finance should concern you is the past performance of the CEO.
He has done awful deals
Major dilution
Expensive financial deals

And yet despite all of his rotten performance he recently awarded himself improved options!!!

This has an increasing number of red flags this is a lifestyle company

Ask yourself 1 question, if the CEO wanted to create maximum shareholder value this calendar year what would be the strategy with KAVs portfolio?

I would suggest the majority of the items in the strategy document are not on your list.

Buyer beware, avoid KAV until the CEO is gone

The lack of comms from the board is concerning.
CEOs generally go silent when it’s bad news.

Tom Winnifrith Bearcast: surely this is straight to jail, do not pass Go, do not collect £400

By TOM WINNIFRITH
On the jail tack I refer to the clear market abuse scandal at Powerhouse Energy (PHE). I also discuss Ocado (OCDO), clearly a stonking short, Versarien (VRS) and the latest utter cobblers and tripe from Ben Turney's flip flop Kavango Resources (KAV). Ben, at least, provides a platform for some inappropriate Cheryl Cole analogies.

They intend to dilute further this year

They are seeking finance

They raised money last year which is now going to be spent on buying more exploration sites

KAV has awful leadership

Why would anyone invest here?

Todays strategy document shows they have no clue, no credible plans and worse of all want to drag out their wages and benefits for years to come by adding to the exploration.

Disaster

Other forum users,
Bitcoinbuyer is your classic child pumper who’s purchased in and needs the share price to move up for his 20%.
I don’t have a problem, but don’t be surprised or react to the pumping, it’s part of the psychology that if you defend and promote a company even a bad company like KAV it some how helps bring in new investors ; I now that sounds crazy but look at the behaviours of bitcoinbuyer and other pumpers on this forum; they are daft enough to invest here in the first place, they are daft enough to think a few PIs affect the share price more than something tangible like finding commercial minerals!

The RNS is diabolical.
It’s a copy and paste job that could be wrote in 30 mins.
Why it’s taken so long is pathetic and says more about the CEOs short comings.

KAV have failed over and over with the drill bit in their current large mining sites.
Why buying more prospects with funds dwindling each month is madness.

It’s further madness that you would then spend money on new prospects when you have clearly stated to the market you seek more funds!

But what is even worse is the lack of corporate governance. The RNS stinks of amateurs.

If they really think KZS has any potential they should go for broke drilling it and roll the dice
That is the only chance of bringing shareholder value.

That is my last point, there is nothing in this RNS that points towards shareholder value.

KAV has become a disaster in 18months.
The management from the CEO has been horrific.
Bad deals, excessive dilution, bad decisions, hiding from bad news, etc.

But the most concerning is the recent RNS about increased options.
They want to give themselves a nice package despite the complete failure.

Red flags point to this being a CEO lifestyle company.
Big option package
More land purchases meaning more exploration, meaning longer in the CEO seat on that nice pay package and options.

Buyer beware

Horrendous strategy

* Buying more land!
You couldn’t make it up
They have discovered nothing and yet are looking for more prospects !

* Direct financing
Aka more massive dilution
To do major drilling because they can’t locate anything themselves and are going for a scattergun approach

* Still exploring Ditau
There is nothing at Ditau, admit you got it wrong and move on but they can’t.

Summary
After an awful 18 months of bad deals, activity, wasteful drilling, dilution and spin,
this strategy demonstrated they have no clue ,

There is no ambition to focus on the repairing plots

They want to dilute further to keep the gravy train going with direct finance (see recent options RNS)

No governance changes proposed.

KAVANGO HAS AN INCREASING NUMBER OF RED FLAGS THIS IS A LIFESTYLE COMPANY

Buyer beware

Feb volume of sales - does someone know something?

Surely another placing isn’t due?

Have no doubt, KAV is a narrative company.
The only interest who benefits from a narrative company is the CEO who gets paid regardless.

When will credible action and success ever be achieved at KAV?
Will it ever be achieved?
Will they ever hit a target?

They have had enough chances, time for a major overhaul of the company.

No idea why LSE blocks share prophets website , childish

A good KAV summary

https://*************.com/views/67065/tom-winnifrith-bearcast-at-what-point-does-flip-flop-admit-he-has-failed-prepping-for-a-bluebird-meeting

The true value of AVO is difficult to evaluate.

Having a good idea, product or service but failing to commercialise the idea, product or service means it’s worthless from an investor point of view.

The company needs to provide a clear plan of how it will generate profit.
Until the plan is clear and there is evidence they are moving in the right direction, it’s going nowhere.

Ultimately Keith Oz, what the strategy and AGM will indicate is one of 2 out outcomes

is KAV a lifestyle company
Or
Is KAV serious about discovery

The past 12 months+ would suggest lifestyle

The Canadian winter should be over in the coming weeks

I can’t think of a good reason why we should not get a news update on what the next plans are to develop the asset and create some wealth

Surely the CEO Darren has learnt from his mistakes last year and won’t leave it so late for any drilling?

From my research I understand when he started the share price was 5.9

Under his leadership the bid price is now under 1p

This month an RNS was issued to give the directors a bigger options package

Only a clown CEO would act like this, would have such bad performance, would demonstrate having no clue.

KAVs only hope is to get a CEO in charge who knows how to explore, how to lead, how to create value, how to hold others to account, how business works.