Kavango Resources Share Discussion Threads

[catsick] 28/11/2019 08:29

They found coal anyway, but I guess they hope its high sulfur!

[skiboy10] 28/11/2019 07:58

Rolf Gerritsen (@RolfGerri)
2019-11-27, 23:21
⁦‪@KavangoRes‬⁩ This is fantastic news but you might want to explain what in means as not everyone is a geologist

St Piran (@StPiran1)
2019-11-27, 23:51
⁦‪@RolfGerri‬⁩ ⁦‪@KavangoRes‬⁩ It means the mafic intrusion has reached sulphid saturation, allowing for Cu-Ni and other associated elements to come out of solution as sulphudes. Hopefully this was an extensive enough event to form a economic deposit!

[riley9] 28/11/2019 07:33

Sulfides, but of which metals ? That's rather important to know.

[skiboy10] 28/11/2019 06:34

That's from RIT38 which was the first hole of the approx 1,000m campaign to test for metal sulphides.

[skiboy10] 27/11/2019 18:36

It is likely gasmanmick that we'll see further news releases in some shape or form as the festive season approaches. I reckon you are onto something re: combined JV for the KSZ and Ditau. Ditau is 70Km east of the main body of the KSZ but does form part of the KSZ even though the main backbone of the KSZ and Ditau are quite different geological structures. The company have also stated that a JV with a bigger industry partner is not only being sought but desirable and essential given the scale of the projects and the extensive drilling campaigns that would be required.
I suspect companies like Rio, Anglo, De Beers, First Quantum etc would be interested if we can prove our 'geological hypothesis'. As Mike said we only need a sniff and I think it's all very much to play for.

[gasmanmick] 27/11/2019 15:47

Note to say what hole been drilled would be nice but no more speculation wait for all results.
Could JV partners for Ditau be also waiting for KSZ results to come in on both or would this be separate anyone know how this normally works?

[bpw03] 27/11/2019 12:28

It’s all gone a bit quiet again. Little update wouldn't go a miss right now

[fqr714bhp] 26/11/2019 15:23

Great news over on RMM they hit " MASSIVE Sulphides "

Would be nice if the same thing happened here?

[book5] 25/11/2019 23:39

Small bet but still Painful to see in his way down
Gla

[edjge2] 25/11/2019 13:42

gassed yep I'm staying in. Painful but should get my adder out.

[gasmanmick] 23/11/2019 19:03

This is my interpretation of the facts based on information previously released by KAV.
Each hole we drill provides more and more geology and geophysics which brings us closer to a strike.
If KAV can go to a major with enough info which proves their model works and convince them KAV will find something then that major will provide the means to survey and drill this huge licence and i believe it will be found.
KAV do not need to strike it big with just three holes.
KAV have Ditau and copper play also.
I have a lot of money invested and I will be staying invested because the payoff could be huge and I don’t want to risk missing it.
If I win I win if I lose I lose.
Please see proactive investors for KAV news and videos.
I welcome informed and constructive feedback.
Good luck all invested

[thelung] 22/11/2019 20:06

Exactly mick. However, I think skiboy has a good relationship with foster and moles so it wouldn't surprise me if he’s right in that current hole isn’t the final one of the current campaign, but like you I’m sticking to the facts in the releases

[gasmanmick] 22/11/2019 18:25

Skiboy
The drill targets have not changed and no mention of more than 3 drill holes but this could change

[fqr714bhp] 22/11/2019 17:19

gasmanmick: read my post 1178

[gasmanmick] 22/11/2019 17:16

I have complained to company about the poor RNS which has confused not informed its investors.
I have requested that the company release a statement to clarify the current situation.
I fail to see what the point of releasing this RNS was I guess geology is the companies strong point not PR
Still all to play for just how and when.

[fqr714bhp] 22/11/2019 17:16

At least we can count ourselves lucky that the RNS of today does not say " After drilling the 1st hole we encountered no deposit. " that would have been a disaster for the share price

We would be at 1p now.

At least the CEO has worded this the correct way and we will see the results when all 3 holes have been drilled and completed.

But i deduce from this that the 1st hole was negative?

If one hole takes 4 weeks, then i guess we will not see any news until early New Year unless like he said if the strike a massive deposit, they will release this to the market ASAP.

AIMHO

[slong] 22/11/2019 15:43

Ski

They are drilling three holes, but the targets may have changed from the initial plan with what they have learnt so far.

[skiboy10] 22/11/2019 15:26

Suggested 3 hole minimum drill campaign of the KSZ with the much more important bit being the approximate 1,000m - so it could well be that there will end up being something like 4 to 6 holes drilled some of which will obviously be fairly shallow.

[thelung] 22/11/2019 15:11

Skiboy the current funds are being used for this 3 drill / 1000m campaign. They can obviously drill more holes in the future but there are no more than the current 3 planned as it stands. There may be some funds left over for percussion drilling at Ditau prior to progressing a potential JV. These are the cold hard facts and I'd love to be proven wrong but to date any counter argument isn't based on facts released by the company.

[edjge2] 22/11/2019 15:11

seems they are still drilling soft stuff as 53m too shallow for main hard rock and switch to diamond drilling so still hope. I'd buy more if had resource.