Gunsynd Share Discussion Threads

[cpap man] 21/5/2019 14:45

KAV



Some nice words in the morning note from the highly respected mining analyst John Meyer at share price Angel ref: LSE:KAV / www.kavangoresources.com /Tw*tt*r = #KAV



Kavango Resources (KAV LN) 3.6p, Mkt Cap £5.7m – Laws of probability to be rewritten after Kavango strikes mineralisation in first and second drill holes under Karoo sand in Botswana

Kavango, which is exploring for a large-scale bushveld igneous-type mineralisation reports results from a second drill hole in Botswana.

The team which are highly experienced in the geology of the region have used geophysical data and remote sensing to establish drilling locations.

Remarkably, the first drill hole hit mineralisation under the sandy Karoo sediments
Even more remarkably the second drill hole is reported to have also hit mineralisation including copper in chalcopyrite with a 1.5% XRF gun reading. X-Ray Frequency gun readings are not considered to be reliable due to their potential for miss-reporting but we do place some value on the readings when in the honorable hands of Messrs. Foster and Moles.

The first drill hole hit a 200m zone of intensely altered rock with indicative cobalt values of up to 0.9%, averaging 0.2% cobalt and >70m of elevated copper, zinc, lead and nickel values.

Conclusion: Kavango is worth watching and we await results from drill core assays. While we never doubted the skill of the geological team we are surprised and impressed to see two sets of mineralised results in so short a time frame. Well done team!

[whattheduce] 21/5/2019 12:57

sammy, often the share price or published deals masks mm activity balancing the books issuing phantom shares or holding treasury shares. It is why I never put stops on shares having been burnt before when a stop was triggered during a low volume day and the settlement price was way below the trigger price.

[sammyshares] 21/5/2019 12:20

4 million sold.

[seagullsslimjim] 21/5/2019 12:11

if zero volume then the price would stay the same

But i doff my cap to your well researched, hard thought out and articulate post sambo. !

[sammyshares] 21/5/2019 11:13

Zero volume so could fall

[whattheduce] 21/5/2019 09:45

All comes down to what is factored into the valuation. On strict cash generation terms, for any company, the valuation can be very low. But on asset value it can be very high. At the moment, with the Weald oil producing region, the proof of the concept is patchy. So the value of the oil in the ground is not factored in. However, with HH demonstrating extraction the, my, gamble is that the potential volume for extraction is acknowledged by the market (due to major interest) and the share price then reflects asset value. It is a gamble, Weald oil may forever only be valued on actual tanker numbers. But the more holes they drill, the more tankers there are. Might be a year or two more before the full asset value is included in the market valuation of the company but I believe it will come about. Short term I am expecting some 2017 style spikes as genuine interest in fast tracking wells is revealed. I expect this share price to be a huge roller coaster up and down for some years as wells produce and others fail and majors get more involved expanding producing wells. Big spike when UKOG leaves AIM which I think will happen shortly after HH CPR.

[whattheduce] 21/5/2019 08:54

Sorry, wrong HH numbers, these from last RNS

Horse Hill 2018-19 EWT Oil Production Milestones:

-- Over 45,500 bbl aggregate Kimmeridge and Portland oil production to date.
-- Over 25,000 bbl total Kimmeridge oil production.
-- Over 20,500 bbl total Portland production to date, flow continues.

-- 213 tankers of crude exported primarily to BP's Hamble oil terminal. The Portland's 36deg API Brent quality crude, containing zero produced water, continues to be sold to Perenco at prevailing Brent crude oil prices, less a small deduction for handling and marketing.

GUN I think also needed cash for a project but I forget which one.

[whattheduce] 21/5/2019 08:43

They have months of sustainable oil flow now, they have sold over 200 tanker fulls and are about to hit their EWT permitted 25,000 barrels. New production wells will be underway very soon, delayed of course. so as a cash producer future projects become internally financing and hence no more dilution. The Broadford Bridge results impacted very hard so the final pay day will be half as much as I had anticipated, but that will still be 3 or 4 times my average stake. Anyway, if I talk too much about UKOG people will start shouting at me as this is the GUN board. I would like to put more in GUN as I do believe this will be a nice smash and grab over the next month or two but I can't hedge two ways at once. Either GUN or UKOG could ramp up without any warning at anytime. Indeed Angus too has a potential doubling in the very near future (or crashing to 10% of CV).

Pick a number, place your bet and throw!

[whattheduce] 20/5/2019 16:16

Wish the share price would jump now so I can take advantage switching all gains into UKOG. I think UKOG is being preped for another might multi bag for June CPR.

[scotty666] 20/5/2019 13:47

Nice one Seagull, hope it does well.

[seagullsslimjim] 20/5/2019 10:09

my 25m buy was marked down wrongly as a sell as mid price !!!

[seagullsslimjim] 20/5/2019 09:56

Fastbase aren't part of the equation anymore and as per GUNs announcement

On a lighter note just topped up 25m and 5m at 0.026p

No brainer from these levels re the market cap

[stavrosx] 20/5/2019 09:49

Hi
Have you any news from fastbase?
No newsletter from them ...
Thanks

[whattheduce] 20/5/2019 00:14

and on ukog

[carlsagan1] 19/5/2019 15:40

Does anybody have experience with brokers X-O(by jarvis) or iweb-sharedealing(by halifax).

As ii have increased theres fees again, from june 10th its £9.99 a month regadles if you trade or not, up from £22.50 a quarter.

Both x-o and iweb have a simple flat trade fee of £5.95 per trade and have no monthly/yearly admin fees or inactivity fees.

[seagullsslimjim] 18/5/2019 09:00

Well i have short term target of the mid 0.04s and that would still value the Company at only circa £2m, but with most AIM shares then you always get an overshoot depending on liquidity.

As well as the Oyster Oil turn of events which should be approved in barely 3 weeks then there is the Human Brands IPO too scheduled for hopefully the summer.

As i posted in an earlier post, some may see the percentage rise this week and think "thats it", but forget that its coming off recent historical oversold levels.

Its the market cap that people should look at and something that people who sold this week haven't done so and so are a bit short sighted.

I'll be buying en masse next week as a return to the probable 0.04s is still a tidy 50-60% rise short term from here and a possible new trading base due to asset valuations backing the rise to those levels.

Some people jump in and out of an AIM share when it doesn't multi bag in say a week or so and ultimately they follow like sheep and end up with loss after loss in trying to land the next multi bagger. Over time you realise that is the wrong outlook and little and often builds a bigger portfolio.

[barnetpeter] 17/5/2019 23:00

I seem to have bought millions of these at 0.025 and 0.03 having previously sold out at 0.06. Mind you my first buy was 0.21 in 2015....so I did well to get out with a small profit. Are we going back to the 0.06 levels do you think? Seems a fair possibility..big discount and lots of cash.

[seagullsslimjim] 17/5/2019 21:29

If thats the case, then i happily look forward to being mocked next week :-)