Member Info for Swakopmunder

On this very thread

JP2000 said: “Great opportunity for Wako to short”; and

Legalwolf said: “Yes, it's really Wako to moan about a share and in that time watch it go up 200%”

Nice chaps. Aside from insulting slurs, do you have anything to say of import? Or is it just playing the man you like? I don't hold, have no intention of buying in again. Shorting? leave it out. Also, is it a crime that I'm not hyping or ramping like the pocket p*ssers here?

Legalwolf, my post said “OK, they're up double in the last while”.

That is me admitting they’ve done alright in the short term, if you were bold and brave and disregarded the history of KAV you'd indeed be happy. Like I said, I do accept that I missed out on that.

However, for all the ramping and hype that these 2 regular posters put up about KAV, I still can’t see that there’s a cat in hells chance of these folk getting 0.5 Moz mineable gold. It’s hard to do that. There is no intercept of note in anything they’ve published to date, and I suspect there’s lots more of the same coming down the line.

All I said was there is “no tangible proof that things will work, and a Control Person who may prefer to do artisanal mining in Zims, without the need for…”

Need for what indeed? That’d be honourable regulatory compliance or circulation of any profits or dividends to the Mom & Pop investors who’ve fallen for it.

Feel free to carry on with the childish insults and name calling, but remember BALANCE is a virtue…

All IMHO, and GLTAH, but please, please DYOR and be cautious of falling for the hype again...

"10Moz Au"

Crikey, please send me a kg of whatever he's smoking...

So far, all they've announced are very, very marginal intercepts of no significant value, and which would prove very difficult to mine., dilutive. IP, maps, arm waving. No drill intercepts of real value.

Please try and temper the hype folks, OK, they're up double in the last while, but given history will be back in the doldrums like KAV 1.0 before them, no tangiable proof that things will work, and a Control Person who may prefer to do artisanal mining in Zims, without the need for ... well you know.

All IMHO, and GLTAH, but please DYOR and be cautious of falling for the hype again...

Legalwolf said: "Another good RNS from KAV 2.0."

I am not sure I'm reading the same material then? KAV 2.0 has just spent lots of money drilling a 300m deep hole, and found nothing of especial note, certainly not mineable, in other words just like KAV 1.0. and how 2020/2021/2022/2023 was billed as the "Year of Discovery"

Surprised they released this and didn't wait in case other holes have better results. Can't wait for the next thrilling update.

DYOR!

Quote = Fairview:

"Mentioned in the Sunday Roast. Opinion there is Demir too slow and Conroy Gold not happy at rate of progress... Conroy need a major gold miner to develop the assets as Demir not a big player in gold. Someone big will be coming in."

Crikey. "Demir too slow" is surely a bit ironic. CGNR have been on this project ages and have only proved excellent at making shareholders poorer and finding zip... Still, as you said, that was "opinion" and we all know about that.

Why would "anyone big" come in to this project, which has consistently proven to underperform despite the hype? A major? Pull the other one.

Mind you, check out the performance of all the "Sunday Roast" top picks for 2024 and you'd be forgiven that the actual picks were for stocks that were due to get roasted... every Sunday

"This is far from over!!"

Indeed it will run and run. But they will still find the squre route of SFA! Not a compelling purchase to my mind, there's much better stocks out there.

IMHO, GLTAH; but very importantly with this coy, DYOR.

Bookmarked, will reply in 6 months time...

JP 2000 said: "KAV is a main market listed PLC, suggest if Ben wants to continue these shenanigans he takes the company private."

Good points. Shenanigans appear inbuilt. Now that Purebond have such a big wedge of the coy, they presumably feel they can take a (large) punt on KCB, if they find something fine, can flog it, more likely they find nada but the million £ into it pales into insignificance...

Zims is a treasure trove for private companies with money backing them, especially without the pesky corporate oversight required by a public listing. so maybe that was the game all along.?

Remaining shareholders will then perhaps be offered a pitance, but the writing appeared to be on the wall once they chose that route...

Could be wrong of course, all IMHO, DYOR and GLTAH

You make a good point Legalwolf, well done on your success.

I freely admit I did miss out on the rise from 0.65 to since Ferbruary, with the flatlining over the year before it was a surprise to see that coming. But my initital interest in KAV was never to double what I started with (and it ended up being ground down a third before realising the game had burnt me).

So as ever with this crowd, what comes next is more important. Can it be a ten-bagger from here? IMHO no, but I recongnise some will hype it.

History is important, but yes, taking a risk and punting against all the odds can occasionally pay off.

Well done on your success so far, here's hoping for your sake I'm wrong if you are indeed still accumulating. I'll wait this out happy to note there are other better opportunities.

All IMHO and GLTAH but DYOR

Surprised no one has commented on the last annual report released just now;

$5 million spaffed against the wall in the last 2 years, management bonuses included, and for what?

"But it will all be different this time around" surely.

All IMHO, and GLTAH but personally not seeing anything to get excited about given the burn so, really;, DYOR

EDIT - sorry. slip of the pen: 4th para starts "They would've known", obviously!!! didn't let me correct edit it... apologies

Applying a paltry 1.1g/t Au cut-off grade, all you get is 30cm at 200g/t at U/G mining depth. No evidence of any bulk mineable grade thickness in that hole at all.

OK that grade is truly impressive. But what does the repeat assaying or, given nugget effect, the screen fire assays show? The CP/QP does not say...

Allowing for mining diultion and the fact it appears 30 degrees oblique to the structure, is it really worth getting out of bed for? High grade gold in a skinny vein below old open workings? Roll out the barrel.

They've known about the VG since it was drilled (didn't mention it then in the RNS of 25 Jan), had pXRF available etc., so the in crowd would have been in the know.

Let's hope they find something noteworthy in the rest...

IMHO, DYOR, GLTAH

Sorry, JP 2000 not PJ

PJ 2000,

you clearly stated "KSZ targeted nickel" before. And you are still sticking to that line. But KAV's own RNS said the following:

"PRESS RELEASE

28 October 2019

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

the Company's geological model, aimed at discovering a Cu-Co-PGE Norilsk-style magmatic sulphide ore body."

Once you acknowledge that, we can progress. The hype around that pic of core at the time was the shape of things to come. 4 more years of the same!

I am quoting directly from the company documents at the time. I am not the one spinning things.

Quote=JP2000

"Facts:

1. KSZ targeted nickel

2. De Beers had a diamond prospecting licence so weren’t interested in gold.

KAV have effectively shelved Ditau.

3. Tight focus on KCB Karakubis, Zim exploration and minor Au production.

52 % shareholder so BT will be held to account.

4. It is malicious when you don’t have a holding and simply trash." /quote

Hello again JP2000 :)

I am unsure why you constantly seek to play men and not balls, but let's revisit those "facts" shall we?

1. "PRESS RELEASE

28 October 2019

KAVANGO RESOURCES PLC

("Kavango" or "the Company")

the Company's geological model, aimed at discovering a Cu-Co-PGE Norilsk-style magmatic sulphide ore body."

So, here you are misleading. KSZ did not target just Ni. The horses mouth added PGEs. The company may have removed the original picture of the pegamatoidal gabbro they were touting as a MR lookalike from the website, but the problem with the internet is it remembers. That pic and the hype around it still exists... 4 years later, none the wiser ;)

2. Maybe you have no direct experience of southern African MinEx. DeBeers did indeed have a diamond licence when it explored Dittau. Why would you say they weren't interested in Au, it doesn't follow? They are linked at the hip (and were then) with Anglo. They employed sensible geologists. Any core they drilled that looked like it could be auriferous would have been referred internally, and AAC or AGA would have been privvy to that. Regardless of whether AAC/AGA had a gold licence or not. I and many others who worked with them or their subs know this all too well. Sorry you do not agree.

3. Here I can agree this may be a good thing. The past can be swept under the carpet and forgotten (shareholders from then, like me, can perhaps excuse their losses. I really do expect better things in Zims and sincerely hope KAV can turn things around. You recently posted sensibly about how much Au they needed to discover to turn things round and I agreee. I am not convinced they will as there's years of profligate spending, wasted opportunities etc.

Perhaps the new majority shareholder will hold to account if this turns into another dud for the minority holders? Fingers crossed!

4. Come now. Not malicious to state facts and question the inordinate amount of ramping, especially when the rampers are down 4-0 project wise... Non-holders like me are non-holders because we sold our holdings at a major loss because we believed the original hype then wised up. I am still around because I see potential, and could climb in, but want to see tangiable results rather than more pump...

Personally, I think we're spending a bit too much time hashing over water under the bridge/exploration dollars down the drain. Hopefully the new project will work out and won't be another waste of funds.

All IMHO, anyway, GLTAH, but really: DYOR

PS - that last post of mine was in reply to Overtraders 18 Mar post... rather than Ria's spam...

how do you get that?

he's basically saying the guys at kav/pow/etc. have the appearance of serial pumpers of fairly pants projects and chancers. to all who make some money off that, fine, good luck to you. ethics however...

for all that hype, others suspect it's overpromoted (recall kav and their "pge" in the ksz, or the au in core that debeers (always close to anglogold) "missed!". massive wastes of valuable cash. a decent geo could have found a resource with what they spent!

but of course "next time will be different". at times some of their promoters turned into detractors, then hey presto they are back promoting it and ****ging anyone sensible enough to say "wait a minute, we've been here before (and some have been had)"

it's not malicious to state facts and keep folk on a path with a sense of proportion. there's always lots of the opposite about.

looking forward to seeing what their results from this au drilling in zims are, perhaps it will be worth a punt after all? it's certainly not now, but that's just imho.

dyor and gltah, as ever.

QUOTE Andii "Did the interview mention the rhodium intersect of 5m at 2100g/t? As rhodium is valued north of $3000/oz, isn't that quite spectacular?"UNQUOTE

Spectacular?

Or spectacularly wrong?

Rhodium (Rh) has a value over 10x that of Rubidium (Rb). Rh is about 4,5000 an ounce according to Wikipedia (hence likely wrong!)

Rb is what FCM are talking about having discovered.

Rb is a constant in lots of pegmatites (e.g. Pollucite in Bikita, Zims) and valued at $480 an ounce. But that's for the pure metal and refining it costs a lot... recoveries are low.

Alternatively, could again just be "pants hype" ;)

IMHO, GLTAH but more importantly DYOR

Good point Alavib

Quite how a company with loads of moose pasture, historically only drilling dusters, and a concomitant lack of focus, has an MC North of £20MM is lost on me.

IMHO, DYOR, GLTAH

LOL.

It's a platform with a history of bots, insider trading, use by terrs and nefarious regimes.

Valid criticism out in the open is hardly "grinding axes" - any geo worth their salt should know that...

But sure, go ahead and carry on with the Confirmation Bias at the expense of valid questions by cynics who've already been relieved of the hard-earned by over-promising and under-delivering...

Out of the frying pan

Into the fire...

IMHO, DYOR, LGTAH

When the drill has turned, you'll wish you'd have learned (from all the previous dusters)

LOL.

IMHO, GLTAH and most of all DYOR