Member Info for Swakopmunder

Hi JP2000

My view is that like all KAV's / POWs (I tend to still link them as they share similar MOs and likelyhoods of success) it's another pie in the sky conceptual thing that will be an exploration money pit. Having spent a lot of hard-earned drilling belting CSAMT etc. anomalies in the past to find the quare route of SFA, my personal view remains that this is all a stretch, like the graphite in the KSZ we postulated and some sneered at...

So there's always the chance it COULD come up with a belter, but the likelyhood is it will be another shareholder loss whilst funding the Zims lifestyles and tax free wedges.

Would love to be wrong, but don't think so: will pop by and admit it if proven to be, but all in all another bunch of money pits.

All IMHO, DYOR and most importantly given the last few years when it's never come about - GLTAH.

Sorry, should have read "lead turkey"

"So they will have plenty in the tank for 2024 and there is also the possibility of revenue from Nara."

KMRIA!

Knowing how southern African artisanal plays go, this must be a contender for "Quote of the Year" ....

Seems to be going down like a Pb-turnip

All IMHO, could be wrong and DYOR.

Good point Bots_Projects.

The technical folk involved in this venture appear to have no experience of actually finding 1 Moz Au, unless you count greenstone outcrops grading 0.01ppm! Remember how much gold there is in the sea!

Being involved in old Anglo Au, or Cu for that matter, projects post-discovery is not the same as actually finding anything. Finding 1Moz is hard.

The median deposit size for Zim greenstone belts is a lot lower, and that's before the artisinals (historically local, but oftentimes now supported by mechanised kit courtey of Sino-African friendship arrangements ( :rolleyes: ), have had their fill...

It's a bit like POW supporters still needlessly pumping Tati, when they had been offered the prize they took the dregs, and dregs it shall remain. Seem like attempts to suck in the unknowing.

Still not seeing much to tempt my investment, but will keep looking in to see how the rampers are faring.

All IMHO, DYOR and obviously hope I'm wrong and GLTAH for their sake...

Of course BT is not purely responsible for the fact that all the projects he's drilled to date have been total and utter duds.

His advisors and confidantes should take some of the blame too. He presents these folk as "god like" when in reality they are about as sucessful as most exploration geos (i.e. not very, but coat-tailed on other inventive folks discoveries).

Like the other serial blagger (and BT's pal) who ran POW you can only fool some of the folk some of the time, eventually if you've not been successful enough you end up "mining up your own backside" as anyone who knows high-grade Au-shoot mining will understand. Is the same fate in sight for KAV now the massive Zim opportunity beckons?

Whatever happened to the old DeBeers core from the Dittau project? Also pants.

Actually maybe it should be renamed "Ditto" as all these guys seem to have the same MO - find naff all, rinse and repeat and destroy shareholder value, again and again.

Surely a Board is meant to exercise independent judgement on the suitability of CEOs and calling out BS as well?

If he really is "due some luck", I hope for the sake of those seemingly still being sucked in on hype that it comes very quickly...

All IMHO, DYOR and GLTAH (never again me though!)

Perhaps 0.5 would have been better, selling out at the recent peak before the inevitable decline... If that's the pumpers bag.

Still, there's one born every minute apparently...

IMHO, DYOR and GLTAH, but these guys really do have a great track record of throwing good money after bad and there seems to be no change in course on the horizon.

[quote] "Back in 2021 the market valued POW at £39mil at one point with a handful of projects and £500k in the bank. Certainly not the case now and POW are x10 the company they were back then. Fully expect to see this positive price action continuing in 2024 assuming the markets give POW a fair wind (which hasn't really been the case for the last 24 months)." [/quote]

One way of looking at it. The other way is that it didn't have a fair valuation then, and it doesn't now. It's market cap is out of total proportion to its assets. You could make the argument they should have a SP 1/10 of what it is.

The assets are reworked tired exploration plays with very little upside. JV model works for some, but not for your average punter.

Suspect they will just keep blowing good money on pants projects, same as before. For that reason I'll personally stay out and wait for the discovery of graphite at Molopo like KAV did at KSZ...

All IMHO, DYOR and of course GLTAH

Had a look. 3m of pegmatite, rest barren. Xll orientation in the pegmatite suggests the hole's drilling down it...

Probably as exciting as FCM's hyping of the excellent Ni play (that they'd JV'd the upside out of).

As mikee_p observes, the market does care not. ;) Seen it before probably.

Not seeing much to tempt me to climb in with my hard-earned so far, but that's just IMHO. DYOR and GLTAH etc.

Aye, let's hope it's not yet another duster, or couple of % graphite...

IMHO, DYOR and of course GLTAH,

Too true.

Molopo donkey was killed in an RTA by a wayward drill rig (defo not by a lion) of KAVs (en-route to the other white elephant project over at KSZ before they packed up for the "Great Zimbo adventure) and the vultures pecking over it's corpse are fully content to feed on cr*p.

DYOR, but IMHO avoid. GLTAH mind.

QUOTE: "what we have learned today is that they want to sell them. More specifically they want to sell them for cash, with no retained interest. I would have thought the obvious reaction to that, based on the “watch what ENRG do” principle, would have been to take a somewhat dimmer view of Karakubis. "

100% spot on.

Wow. I love popping in here to get the optimistic vibe so early in the morning. Cue Robert Duval, stuck in the kgalaghadi: "I love the smell of HYPE in the morning"

"spoils closer to the surface" at the Namibian border. Really? That's why so many shallow deposits have been found there lately, right? Not quite. Dave C will be enjoying getting someone to fund his BA returns to his old haunts in the country he used to live in, no doubt.

WTF would anyone pay so much, through the nose for a bunch of moose, sorry oryx, pasture? Who pays the piper plays the tune, the elusive Prof who reckoned De Beers had missed the obvious Au; that came to naught? The expert geofizz guys who found graphite in the EM conductor; naught? Others; same impact.

Now the massive overpayments in very short order for nothing of real merit?

"Confident of making a discovery?"

Surely anyone can see these guys have been ramping the same for years and all they've discovered is dusters and how to burn through funds, and take home fat paychecks, with no sharehlder return whatsoever.

Ah, but there's always another one around the corner, right?

Still seeing absolutely nothing to entice me back in, quite the opposite in fact? Glad I've stayed out so far.

All IMHO, DYOR and GLTAH

Back on 27th April, promised to come back as a follow up, figured we'd give it more time:

"""I posted above saying:

"Sol001 said: "As soon as the assay results come out and further projects unfold, they will be all scuttering back; like rats to the cheese"

Their view could be right. Such is science and exploration.

However, my view (I'm just some fellah who knows MFC and Tati etc. well and can spot a wrong 'un at 100 metres) could also be right. It is this:

"As soon as the assay results come out and further projects unfold, the rats will be looking for the lifeboats to jump off the sinking ship".

Let's come back in a month or more and check who was correct, I'll bookmark it...

Each to their own, IMHO, DYOR and GLTAH"

So, I did bookmark it. And absolutely nothing in the last RNS makes me change my mind that I would not invest in POW even at a tenth of the price...

GLTAH, it's needed."""

So then POW was worth more than now, as it was worth much more before.

Did the ship really turn?

Coming back they may have had a mutiny or a change in command, but they appear to be playing the same game - big staff payments, burn cash on pants projects, hype some new project/method/related (intertwined pants) company and bring in the gullible.

Rinse and repeat, by the look of it.

All IMHO, DYOR and GLTAH of course, no interest personally, I've a bigger He anomaly in my basement (granite eh...)

Hindsight a wonderful thing, eh?

To be fair JP2000, this poster is just counteracting your untrue assertion earlier that:

"Nobody, not even BT has mentioned drilling for world class resources."

They've done that by just using cold, hard facts, quotes from the horses mouth.

Over the years there have been supporters /rampers and detractors/downies posting here. Normal.

However, with that why not just admit you were wrong and let's move on watching KAV slide down even further.

IMHO, DYOR, GLTAH (but still not good enough for me to climb in again)

"They couldda been a contender"

You said :

"I appreciate we've also had the MFC project, but from the way this is discussed, even keeping 20% of a world class.nickel asset could be incredible."

Alternatively it's a "Pants" project, that noone in their right mind will buy 80% of. So what is the value of 100% of SFA.

Most likely they will never, ever see a return on the monies they put into this.

Loving the ramps, mind.

All IMHO, DYOR, GLTAH

good to hear.

personally, fwiw i'm not too convinced. eveyone and his dog is trying to jump on the lithium -graphite bandwagon at the moment and there's certainly a lot of dross about.. and lots of folk taken along by the hype without the nouse to counter ramping.

the 99th %ile values quoted for all three of l c and t are all very low and within normal range of a bog standard granite.

again, it will take a lot more for me to be dipping into my hard-earned to invest in this lot on the basis of their overheads and project portfolio, plus the historical ****-ups which sadly will never disappear. noone in their right mind will buy molopo off them.

yes, valid point re new management (but is it a ?new broom,)and rr's participation being potentially positive. but statistically?

all imho, hope i'm wrong, dyor, gltah.

PS - personally still seeing nothing inviting me to re-invest in them, but will keep an eye out and admit if I was wrong ;)

To be fair, one man's "usual mischieviousness" is another man's "100% accurate".

Mind who called the KSZ graphite fiasco correcly? And who was hyping it unnecessarily as the best sulphide response ever?

We must never lose sight of the fact that both rampers and downies may also be blind to actual facts and evidence.

All IMHO, DYOR (essential) and GLTAH.

Jings and crivens... OK, I'm game. Let's try and whip up some interest in a, ahem, turkey.

Almost as much interest in talking to oneself (or anyone talking things up) as FCM trying to hype a project they don't have any real interest in...

To buy or not to buy, that is the question?

Why bother if it's going to be even cheaper to get in on down the line?

When it becomes even clearer that KSZ ("best er PGE, er sulphide Ni, never before seen geofizz readings, drilling looks grear" turns to "damn, they were right, it was actually graphite". Dusters.)

KCB ("Dave C's sure to find it", errr, unless he's not. Drilling dusters),

Ditto for Dittau (where did the elusive Prof "Best prospect ever"" and the old "DeBeers are so thick they never checked up on any anomalies, we're going to make a killing here!" go) . Dusters and or crickets.

And the next move on the never ending "Magic" roundabout is Zimbabwe, where no man and his dog have never, ever looked before using our amazing tech and brains. It's a cynch.

Lucky they got something selling the pup that was Molopo to the equally clueless POW...

Not sure. Is it worth a punt? Anyone?