Member Info for TheITCrowd

From the trades this morning there appears to be real fear out there. Someone has just sold 20K of shares for just over 25p, way below the bid. Yesterday they could have got 32p for them!
IMO this is crazy. Gold is holding up well and we know we will have news here in the next couple of weeks. The next couple of days look like they will be one big buying opportunity.

Someone really does want our stock. If it is the same buyer then they have picked up at least 250K.

Looks like I was right. Another 50K buy at 33.5p gone through from an hour ago. We had a 50K buy at 33.25 yesterday, could be the same buyer? If so then someone is accumulating some serious stock. Perhaps they will let it go now.

Strange behaviour this morning. Way more sells than buys and the price ticks up. Must be a background buyer and the MM's happy to take stock to sell on. In the last 10 minutes there have been sells totalling 52K and they are still bidding 33p.
Any buying volume will see this surge today.

The only way to buy these today seems to be a Fill or Kill. They are quoting prices way above the offer price to buy otherwise. Just got another 5k at 34p.

The bit I like from this mornings RNS is "Within the approximately 5,000 sq. km project area, the principle target zone is an 80 km long ultramafic belt with grades from surface sampling of up to 13.6% nickel and 2.33 g/t combined platinum and palladium"
80Km is huge and we have palladium!

There is going to be such a rush to get back into these ones news lands.
My guess - any day now. Could even land mid session.

There is a very clear three stage strategy to the growth of Pembridge and today sees the start of phase 2. Phase 1 was getting Minto back up and running and they have now achieved that. Stage 2 is growth through acquisition and it is this phase that excites me most.
From the deal that was done for Minto we know these guys can construct a good deal. We also know from their history that they are used to running business's valued at 100's of millions of pounds. At 16p we are valued at £10m and I am sure they want to ramp that valuation up as quickly as they can.
The next piece of news could very exciting indeed. Just my opinion guys.

Very quiet here over the last few days. Have people moved on or is this the calm before the storm. DFS only a few very short weeks away now, or even days. Fingers crossed.

So in yesterdays interview we were told we are producing 200oz. Lets be conservative and say it is only 100oz.
Now lets say we only produce for half the year as it is bloody cold there in the winter.
This would give us 183 days of 100oz production = 18,300 oz per year.
Lets say our all in cash costs are $600 and that the basket of production is worth only the Palladium price $1,800, nothing for the Rhodium credits. Gives net profit per oz of $1,200
18,300 * £1200= $21,960,000 net profit per year.
Assuming a valuation of 10x earnings gives a company production valuation of £219m or £170m or 7p a share.
This does not allow for any value in the resource only production.
I won't predict what the resource is worth as we really have no idea, it could be anything from $300m to $1,000m
Based on the above my view is that this is still very cheap.

Jez that would actually make it £10 a share not 10p.

10% up today and no comments, is everyone on holiday?

The 20 working days comment was made on the 20th of May, 2 weeks ago. 10 working days have passed since then, so by my reckoning we could get the assay results two weeks today.

Catsick, the silence is deafening! You maybe right that they have decided to release until they have to, however we were told that the latest SkyTEK results would be released last week. There can be many reasons for delays and I am not concerned by this, I am more curious than anything. We know the drills have been sent to the Aussie labs and we should have first results by the end of the month. Could get very exciting here in the next 2-3 weeks.

New Company presentation

https://www.kavangoresources.com/investor-relations/presentations/download?path=Corporate%2BPresentation%2B-%2BMay%2B2019.pdf

All looking good.

Value will out SharePicks, just have to give it time and pick them up while others have their heads turned.

The CEO said late last month to expect an exciting period over the next few months. Perhaps this is the start. News due anytime now.

I have been looking at CZN recently and what I noticed was how similar this is to where INFA was 12 months ago.
A year ago INFA was languishing at 0.25p. It is now 0.90p and has been as high as 1.8p in early January.The projects are both different, one stores gas below ground and one above ground, however if successfull will be worth many multiples of tadays prices.
INFA will probably tread water for now until more news is released however CZN is starting a very rich news period over the coming weeks.
CZN is currently valued at £2m, INFA at £11m, so CZN could have a long way to go yet. An £11m valuation for CZN would equate to a share price of £13p.

I guess that's why someone bought 5.7m yesterday at 0.79p!

prices continue to increase now at $3.26 lb. Looks like we could be in the right place, with the right project, at the right time. I thought NvS came across really well in the interview on Tuesday, thanks for posting the link. I don't think it will be long before other high net worth individuals take a slice of this pie.