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With most European countries now committed to spending 2% and more of GDP on defence. Following this current madness. There will be an even bigger demand for steel to make those tanks/armored troop carrier's etc. Sad but true.
Ditau here we come.
A number of times it's been discussed about having a second drilling rig. Ben and Paul from pow have mentioned this possibility themselves in the past. Yesterday it mentioned a drilling rig that is ready to mobilise. Some have assumed that DITAU will be put back until molopo is drilled first. Quite possible reading the RNS. But it's also possible that they have acquired a second rig but not disclosed it yet. Both Ben and Paul have said in the past that they are eager to drill Ditau.
Just thinking out loud guys.
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So a potential offer for offer molopo
This is one good reason i think that Paul made the right decision to add uranium in the portfolio.
https://www.energy.gov/ne/articles/3-reasons-why-nuclear-clean-and-sustainable.
Many more countries are thinking about Nuclear as a reliable source of energy.
https://world-nuclear.org/information-library/country-profiles/others/emerging-nuclear-energy-countries.aspx#:~:text=Though%20mostly%20used%20for%20countries,the%20United%20Kingdom%20in%202019.
CEREUS Tell them to f off. Tell them you're paying the same monthly payment and will pay extra what the difference is.
Copper 1. If you click on RNS icon and go back to page 11 you will see a RNS 16TH Jan 2018 change of name. From sula iron and gold company to African battery minerals. Then changed to what it is now in 2019 to POW when Paul took over
P J not PG oops
Totally agree with you there Aqua. This conflict proves the point that you can't rely on one source of energy. By going nuclear you secure your own energy along with renewable sources. Even Boris mentioned looking more into this form. Germany went against nuclear, but I can see a change coming. Its clear that renewable energy is not up to the task yet, and won't be for some time imo. I think this conflict will make many others rethink about their own energy security. Smaller nuclear models are far safer now than they have ever been. So yes I fully agree that PG has made a very sensible approach in this commodity. I bought into Yellow cake in Dec 2019 for this exact reason
Seller that is
Noticed that he mentions the sell is almost done. As Tiggrrr said, thanks for posting Sunningdale
LW. Yes you are correct, was just using that as an example. On a different note. I know some are invested in pow as well as KAV. New podcast on there now and what they both talk about is very much the same all over the junior sector.
Most of Botswana is virgin ground and very much under explored due to the deep sand cover. Its extremely rare that a explorer like KAV, goes onto this type of entity and finds a huge discovery on first drill. Yet some expect this to happen. Collecting ALL the data from all the different methods and trying to understand what COULD be down there is very important. Today's technology helps in a massive way. The times I have seen gold/oil explorers find nothing or very little on first drill. Only to see posters criticism the CEO for not delivering. Yet the can only go on the data that's in front of them. That data gives them a better understanding as to where the next drill should be. I know many of you have seen this happen that the next drill results showed high grades/ volumes. Boom. Not saying this is going to happen with KAV but the chances are worth the risk with my money. After all, nobody tells me or anyone else to buy a given share. You and you alone makes that decision.
Part 2.
From this it has been possible to build a prospective – note the prospective there – map of the geology down there. The next stage is to test this more thoroughly. Are those measurable differences what we think they are, in detail? If so we might well have what we think we have, a large metal sulphide deposit right where we think it is.
Assuming that turns out to be true then more research – drilling, sampling – will take place and so the process continues.
This specific announcement from Kavango Resources isn’t, if we’re honest about it, much of a price mover. But the results of this next stage of work could be. For this junior mining process is the continual build-up of evidence to show that there is a mineable, profitable, deposit down there. So, each new piece of evidence that adds to that probability adds to the valuation. Adding new TDEM loop designs isn’t the news – the results of having added new TDEM loop designs might well be.
Part 1.
Kavango Resources (LON: KAV) shares are pretty much unchanged after the company announced “new TDEM loop designs” in the KSZ. Of course, it would be nice to know what this means but more important to us as traders the question is will this move the Kavango share price? In this very short term, we already have our answer – the share price hasn’t moved much, a percentage point or two, on the back of the announcement.
The point though is to work through what this might mean in the medium to longer term. What is really being said here is that some interesting things have been found, it has been possible to sort through to the things which need to be investigated more thoroughly and that’s what is going to be done.
This is just how it works for junior miners like Kavango Resources. In order to build a mine and create revenue and profits it is necessary, obviously, to find a mineral deposit that is worth mining – that is defined as one that will produce a profit if you do mine it. The work of a junior mining company is that process of finding and proving a mineral deposit that is worth mining.
Which is exactly what Kavango is attempting to do in the Kalahari Suture Zone (KSZ). The basic problem is that there’s an awful lot of geology out there. So, it’s necessary to be selective, which can be started by aerial surveys, a bit of Mark I Eyeballing and checking old artisanal workings. That gives an idea of where there might be something.
Further investigation then happens, which is what Kavango is doing right now. For example, there are a couple of areas (“conductor targets” in the jargon here) which are definitely something different. They show different magnetic and conduction properties than the surrounding areas. Those differences are also those associated with nickel and copper occurrences – both are electrical conductors of course and one is highly magnetic.