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every interview we hear "so much is going on" and KSZ report is "very close now"
started drilling in July 2021 but no assays
KCB .. nothing
share price ... down from 5.95 to 2p
Seriously in terms of credibility (whatever is left) these interviews do more harm than good
At 10:30 he says they have some ideas as to what partner they look for in the KSZ: "bring in some smaller companies who can then work together to make drilling KSZ viable"
Serious??????????????
Someone please tell me it is not Power metal
But knowing the history of BT with PJ tells you who he is loyal to
Cash probably below 1.5 million already
After Ditau drilling down to say 1 million
Will they start make or break drilling at B1 with less than 1 million in the bank? Not likely
So the question is, how will they avoid raising at these levels now that Ditau is more of a proof concept kind of drilling
How are we going to avoid having to raise money at these levels? Market lost all confidence in BT. The list of stuff we were promised but are still waiting for is endless. Dismal SP performance. Only thing I see that will get the SP back up is finish those TDEM and get a 2nd drill to go back at B1 ASAP before we run out of money
well they could have been drilling at Ditau by now if it weren't for this Molopo distraction. Molopo is a project that BT himself qualifies as 'technically complex'. Yet, for Molopo 'refining to minimise costs' apparently is not necessary and we are ready to pinch holes based on one tdem and a few samples
BCB all good we both want to see KAV prosper.
My point is I will not blindly trust Ben as he has done nothing yet to earn this trust. On the contrary. Year of discovery... right. Just as 2021 was year of proof of concept. How did that work out. Ben is good with the marketing and is a salesman but problem is that doesn't find mineral deposits. For that we have to drill and despite the "year of discovery" ramping the bare fact is we drilled less than 300m in the first 3 months of 22! Less than 300m! And by the looks Q2 will not be any better. You can't discover if you're not drilling and that requires focus.
"Have you not considered that’s there is another rig available ?"
In theory yes. But ben's tweet today clearly suggests it is the one drill that was supposed to go to ditau:
"We've got the drill rig ready to go, but if we can't reach agreement we will stick with our current operational plan"
https://mobile.twitter.com/KavangoRes/status/1505915124778995712
Still no drilling at ditau? At this pace it is doubtful we will be back at KSZ this year. And KCB, remember we were waiting for EMP to start drilling. We received that in October 21 and still nothing.
Regardsless of what bt says, tweets or blogs or whatever. Fact is kav suffers a total lack of focus