Member Info for Swakopmunder

Crumbs.

Happy to see you finally appear to have come round to seeing sense...

If only that "gut feel had come a year or more earlier, perhaps some mom and pops would have been spared loosing some cash...

Because. Really? In January of this year you actually said:

“Bozi, completely agree, assuming the production goes to plan the PLC will make a small overall profit but it will take >10 years for Purebond/PWB to break even. “

To which I replied:

“Seriously.

[KAV] Goes private as artisanal miner in Zim without pesky regs, win-win, except for the gullible mom and pops...

IMHO and DYOR and GLTAH (now diluted further...)”

This added to my earlier reply, about what Purebond’s plans were likely to be, from October 2024, viz:

“QUOTE "It’s worth 0.2p/share so unless they can increase prod to 50kg/mth there is a big gap to the current share price. Karakubis is looking distinctly dodgy & Nara had just one slide on the latest presentation after some mediocre results. If nothing else Purebond will hold Ben Turney accountable if they fail to create shareholder value." /QUOTE

To be fair, there is another alternative now they've proven that the "10 Million Ounces" story was likely hype and just confirmed their exploration stuff was a good earner for a couple of folk.

Perhaps since they control KAV, Purebond may end up happy as they will probably be able to walk away with the spoils of artisanal and small scale Au production KAV's been working on in Zim, to the detriment of normal mom & pop investors?

Perhaps the biggest disappointment from a shareholder perspective is that they didn't get hold of a decent Zim Au project, like Ariana did with the Dokwe project!!!! Why?

They couldda been a contender...

IMHO, GLTAH but remember with this lot to DYOR”

But Lo, who was the “expert” reckoning they were onto 10 million ounces of gold (count ‘em) ????

Hindsight is such a wonderful thing, folk should remember.

IMHO, DYOR and GLTAH (needed, essential)

@Pauly80

Thanks. I apologise for its negativity. Likewise I invested on the basis of the KSZ/BRS and all that hype. But divested as soon as it became clear to me that they had no real idea of what they were really doing (at a net loss).

Posted on here with that sell advice at the time and have been consistent since Was criticised by a few of the BT cheerleaders on here over the years for commenting. Now KAV really looks like a fiefdom, and I hope folk locked in do eventually get something out.

Honestly cannot believe anyone is still talking about this "company" anymore...

Seems one shareholder owns >70% of it, another one ~8%.

Does it act as a public company, or a private feifdom?

Will minority shareholders ever see anything or the loan repayments just go one way? Mininig and transhipment of artisanal Au in Zims anyone? Taxes paid??

Why bother investing? Or commenting...

Seriously.

Goes private as artisanal miner in Zim without pesky regs, win-win, except for the gullible mom and pops...

IMHO and DYOR and GLTAH (now diluted further...)

Unbelievably since 2019 KAV have drilled at least 10,200m in at least 7 phases. Dusters all!

Then there's at least 1,300m drilled in Zims with pants results on top...

Not one of these campaigns has hit anything remotely interesting, even to a junior.

It beggars belief really.

IMHO, DYOR but GLTAH

Saying it twice doesn't mean anything.

Many a cr@p project has been re-logged numerous times - after all what's the point of paying a VPE otherwise...

As a disclaimer: Never have any intention of buying.

IMHO, DYOR, GLTAH

"RE: Option RNS 4 May 2024 09:28

Bookmarked, will reply in 6 months time..."

Well I did promise, and here we are 6 months later and the only thing that's changed is KAV have spent loads more spondoolies, drilled even more dusters and found SFA. Will come back in another 6 months then, surely there would be even more progress by then, yes?

QUOTE "It’s worth 0.2p/share so unless they can increase prod to 50kg/mth there is a big gap to the current share price. Karakubis is looking distinctly dodgy & Nara had just one slide on the latest presentation after some mediocre results. If nothing else Purebond will hold Ben Turney accountable if they fail to create shareholder value." /QUOTE

To be fair, there is another alternative now they've proven that the "10 Million Ounces" story was likely hype and just confirmed their exploration stuff was a good earner for a couple of folk.

Perhaps since they control KAV, Purebond may end up happy as they will probably be able to walk away with the spoils of artisanal and small scale Au production KAV's been working on in Zim, to the detriment of normal mom & pop investors?

Perhaps the biggest disappointment from a shareholder perspective is that they didn't get hold of a decent Zim Au project, like Ariana did with the Dokwe project!!!! Why?

They couldda been a contender...

IMHO, GLTAH but remember with this lot to DYOR

Surely it would be a major in for POW to realise a massive profit by selling out of GMET?

There's always a chance GMET may founder in due course, but the profit POW would take would be of great help to POW...

IMHO, DYOR and GLTAH

"Swakopmunder on 29/07/24 you posted on POW:

“There's always the chance that GMET turns out to be just as successful as the others in the same stable, namely KAV, FCM, POW...

Hidden away in all the "modellining", "Plumbing" "we thought", there is the biggest fact:

"COULD".

DYOR, none of this for me ever again, IMHO, but GLTAH..”

What happened to ‘none of this for me ever again’?"

Are the two mutually exclusive? "None of this for me ever again... but GLTAH"; meant what it said - I'm not buying into any of this stable of companies again. No intention to. I still truly believe POW should sell as it will turn them a very tidy profit, well done them in that regard! That COULD be a first!

But are you seriously suggesting as an interested observer, worried about the one-sideness of the promoters on here (e.g. KAV onto "10 Million Ounces of Au" and now of course, no news from the BS-detecting drill machine), and the exploitation of the gullible, that I should not comment at all, despite disclosing all my interests (i.e. none whatsoever)?

Interesting. ;) I'll carry on commenting as I see fit, thank you, and will continue not buying any of this stable...

All IMHO as ever, DYOR and GLTAH

"breaks down the Pilot Mountain 3D magnetic inversion results released earlier this week. Main points covered include:

1) Size/scale of Porphyry West

2) North Target - what is it and why was it missed previously?

Watch the 14 minute video below...

https://x.com/GuardianMetRes/status/1833841893383262513"

Really? When any company runs a mag survey, they know immediately if there are remanent anomalies present. So, if this is "new news" then someone isn't doing their job at all well. Inversions is part of the first pass interpretations.

Secondly, when you run IP lines and process data, there is often an "edge effect" visible in the data that means it looks like there's an anomaly present when in fact there isn't. Again, simple to test the reality; just run longer lines to check wherther it's real or an artifact..

Either way, geofizz is geofizz. Red and Blue may mean nothing, or reflect the scale used.

Need to get the BS detector out (drill rig) on this to test the reality. Doubtless more delays to follow. Or when they drill dusters it will be "needs more research"...

Perhaps POW should sell while they can still get a very good price.

All IMHO but DYOR when making investment decisions based on fluff...

Legalwolf:

I bother because I was once suckered into investing into this pup and want to make sure the rampers don't sucker too many in with wild claims (see the "10 million ounces" thread).

I do indeed know better. Purebond will do very well out of this I suspect. Ordinary moms and pops will be left holding the bag.

I notice you didn't adress the question I posed, which is perhaps unsurprising.

Anyhow, all IMHO and GLTAH, but any potential investor looking in please DYOR and check the historical ramping sources and the just as common drilling of dusters by KAV.

Not excellent at all.

#1 was already known from its previous release. The new results are pants. No way will this turn into significance. However, if you're geared up for artinsanal mining (once the play runs it's course) then some will benefit.

The "hypers" claims of "10 Milion Ounces" just looks even more like blind ramping.

No comment on the Control Person appearing to get another sweetheart deal whilst normal shareholders suck hind teat?

And then there's Mr Catterall's KCB dusters...

All IMHO, but DYOR and GLTAH but not keen on subsidising someone elses party personally...

(not so) fairview

sorry, you are off target. the company and it's results are "pants". fess up, there's no need to **** off detractors, especially when they tend to be correct.

gltah but dyor

There is no doubt that these are very disappointing results. Hardly viable underground mining grades, deep, and too narrow to be mined without significant dilution.

Hardly worth getting out of bed for, 2m @ 8g/t would make it more interesting but there is none///

Gents, I am afraid it does look like your promotional assertions of "10 Million Ounces" of gold in Zimbabwe is looking even less and less likely to happen!

IMHO, and GLTAH, but really, D-Y-O-R!

There's always the chance that GMET turns out to be just as successful as the others in the same stable, namely KAV, FCM, POW...

Hidden away in all the "modellining", "Plumbing" "we thought", there is the biggest fact:

"COULD".

DYOR, none of this for me ever again, IMHO, but GLTAH...

Maybe I'm reading the wrong RNS and somewhere KAV has put out actual assays?

Pants result.

So an XRF machine confirmed the presence of Ag/Cu/Pb/Zn in a micro vein in some siltstones? So what. Million miles from a significant discovery that will turn into anything economically viable... Any aussie will tell you that.

Shallow depth of target on the section. So why drill 500m holes. Does this also mean the hole "abandoned before targer depth" didn't hit anything significant in the prospective formation either?

Either way, what's the rush? Wjy not wait for the actual proper CP validated results before commenting.

But then remember the folk apparently promoting this also have form, appearing to hype a deposit of "10 Milllion Ounces of Au" in Zim (where after 100 years plus nocone has ever found a single deposit anywhere near this size.)

All IMHO and could be wrong, but DYOR, there will definitely be some sellers looking for an exit on the back of this low-level result.

PaulFG : "How many times does OF say 'largest undeveloped Tungsten deposit in the US'?"

Good point. Almost as many times as a pal of mine says there's more gold in the N Sea than the Carlin trend...

Interestingly, I'd thought with his diamond experience that he may have dated back to Conroy Gold and Diamonds (remember that success???) but transpires Mr Bird was appointed way back in the mists of 2020, just after the potential JV with Anglo Asian was announced...

What scintillating success CGNR has had since that date...

DYOR

TBF there's much more gold in the Irish sea, and it's probably more economic to extract.

IMHO. DYOR