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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kavango Resources Plc | KAV | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.05 | -4.55% | 1.05 | 12:16:14 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.10 | 1.05 | 1.10 | 1.05 | 1.10 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 15/4/2024 08:15 by jp2011 In terms of target area, it was the 4th ranked target at Hillside so think most investors will take it as a win. |
Posted at 05/4/2024 11:46 by kdickson SP Angel. Morning View.Zimbabwe – Government to launch new currency backed by gold - The government of Zimbabwe has said it will bring in a new gold-backed currency to help stabilise the economy. - President Mnangagwa, aka the Crocodile, says the nation has sufficient gold to support the new ‘structured currency’ (FT). - Investors are going to take a lot of convincing on any new currency following the collapse of the latest incarnation of the Zimbabwean dollar. - The Zim dollar continues to collapse in local and global markets due to the government’s ongoing printing of currency. - Many business continue to work with US dollar as a more reliable and functional currency within Zimbabwe - Investors may worry about where the government might acquire the gold for this latest currency ideas and could require more gold to be deposited into the central bank. - Caledonia Mining continues to mine gold and operate relatively unimpeded in Zimbabwe despite the past requests for funds to support ZanuPF campaigns. - We are not aware of miners having lost any assets to the government other than at the Marange diamond fields which were reported to be briefly annexed by a Chinese force some years ago. - From a mining perspective Zimbabwe continues to provide opportunity with an educated and skilled labour force and good access to expertise from South Africa. |
Posted at 08/3/2024 14:33 by paulhopeful First gold production from hillside starting immediately for Kavango sounds good to me, small start but progress. with the two billionaire investors, Kav is fully funded to implement production expansion already.. Interesting to me that one of the historic underground mines at hillside produced 18,000 ounces at 7.7 G/T. Over a modest 250-meters strike length, Hillside contains 40 gold claims, each one is about 10 hectares. Looking forward to the drilling results. |
Posted at 06/11/2023 14:16 by apotheki Power Metal still likes Kavango but sells all shares back to execs(Alliance News) - Power Metal Resources PLC on Monday said it sold its entire holding of 69.5 million shares in Kavango Resources PLC, but stressed that this "does not reflect any negative view" of the company. Kavango is a metals exploration company with assets in Botswana and Zimbabwe, while Power Metal is focused on North America, Africa and Australia. On Friday, Kavango's Chief Executive Officer Ben Turney purchased 6.3 million shares for 0.8 pence each for GBP50,000 in total. At the same time, Non-Executive Director Peter Bee acquired 63.3 million shares for the same price, totalling GBP506,000. On Monday afternoon in London, Kavango shares were up 6.3% at 0.85p each. Power Metal shares were down 2.4% at 0.61p. Power Metal raised GBP556,000 in cash for this disposal of its shares in Kavango to bolster its cash reserves and fund its "high impact exploration initiatives". Power Metal said it has retained 60.0 million warrants to subscribe for new shares in Kavango, which will expire on January 8, 2025. Of these, 30.0 million have an exercise price of 4.25p each while the other 30.0 million are priced at 5.5p each. It also holds a 1% net smelter return royalty respecting the project licence footprint in the Kalahari Copper Belt and the Ditau Camp projects it and Kavango previously held in joint venture. Chief Executive Officer Sean Wade reassured investors: "Whilst we would describe our holding in Kavango as non-core our disposal does not reflect any negative view of their business or their ambitions and we wish them well in their endeavours. "Our priority however is deploying financial resources into Power Metal core projects whilst also streamlining the diverse interests of the company and demonstrating our ability to raise cash for operations through means other than equity financings which dilute investor holdings." Wade continued: "The funds raised will add to our significant existing cash balances and will be utilised for accelerated exploration, including drilling of certain high impact retained exploration projects targeting large-scale metal discoveries." |
Posted at 01/11/2023 10:15 by apotheki FIRST EQUITYKavango Resources plc (KAV,L)* 1 Nov 2023 Price: 0.725p MCp: £9.5m Tck: KAV.L Sector: Resources Geo: Botswana & Zimbabwe Recommendation: Buy Completion of £6m Financing Kavango Resources (KAV.L) yesterday completed its £6m fund raising at 1.0p per share with the issue of second stage placing shares to investor Purebond Limited, which now holds an interest of 52.5%, although this is expected to be diluted to 49.3% when 84m consideration shares are issued to the vendors for two of the new Zimbabwe gold projects. This financing was completed after the publication of the Prospectus last week and passing of General Meeting resolutions required to issue the second stage placing shares (£4.6m worth) and investment of £1.4m secured at the first stage back in June 2023. These were both completed at a 1.0p placing price. FE Comment With net proceeds of £5.9m at its disposal, Kavango Resources is now probably one of the most well financed micro-cap exploration companies listed in London. Funds will principally be earmarked for exploration work programmes on the KCB copper project in Botswana (which the Company expects to drill in Q1 next year), along with the newer interests in Zimbabwe on the Nara, Hillside and Leopard gold projects. Drilling has commenced at Hillside in recent days and is expected to be complete before Christmas. Kavango has imported a multi-purpose rig into Zimbabwe to continue exploration drilling in the New Year. The proceeds will also be used at Ditau and KSZ, along with working capital and project acquisition payments. Since the middle of July this year, the shares have traded below the 1.0p placing price and continue this pattern today after the issue of second-tranche shares, with a discount of around 25%, at a bid-offer quote of 0.70p-0.75p. Pricing anomalies such as this do not last for long. We therefore recommend investors take advantage of this short-term buying opportunity to invest in a well-funded exploration company that now has the financial resources to advance its projects in both Botswana and Zimbabwe. Moreover, the prospect of near-term revenue generation from the gold tailings Nara interest provides an extra dimension to the situation. We therefore recommend the shares as a ‘Buy’. |
Posted at 26/10/2023 17:25 by apotheki Today paulhopeful [see copy of the RNS below]Publication of Prospectus Further to the announcement of 9 May 2023 in which Kavango announced it had conditionally raised GBP6,000,000 before expenses by the two stage issue of 600,000,000 new ordinary shares of GBP0.001 each in the capital of the Company (the "New Ordinary Shares") at a price per share of 1.0 pence, the Company is pleased to announce that the Financial Conduct Authority has approved its prospectus dated 26 October 2023 (the "Prospectus") issued in connection with the Stage 2 Subscription of 460,000,000 New Ordinary Shares (the "Stage 2 Subscription Shares"). The Prospectus has been published in electronic form and will shortly be available on the Company's website at: hxxps://www.kavangor A copy of the Prospectus has also been submitted to the National Storage Mechanism and will shortly be available for inspection at hxxps://data.fca.org Admission and Total Voting Rights Application will be made for the Stage 2 Subscription Shares to be admitted to the Standard List segment of the O cial List and to trading on the main market of the London Stock Exchange plc ("Admission"). It is expected that Admission will become e ective and that dealings in the Stage 2 Subscription Shares will commence at 8.00 am on 31 October 2023. Following Admission, the total issued share capital of the Company will consist of 1,305,569,314 ordinary shares. Therefore, the total number of voting rights in the Company is 1,305,569,314 and this gure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest, in the share capital of the Company. Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources |
Posted at 12/7/2023 09:01 by bungeetrader Plop!The 'new' investor must be well chuffed at putting in millions at 1p! (Won't be too surprised if that gets changed at some point) |
Posted at 07/5/2023 15:52 by cashandcard Palace Pete,This fundraiser effectively dilutes retail into minority positions, hands control to the cornerstone investor and saves Ben from any small investor pressure. He will be able to sleep easier at night if he dilutes them out of their current positions - why deal with those small pi's pressure when you can nullify their voting power? Also, given the projects they have - they need to achieve some kind of success, or do a deal with a real industry partner - farmdown etc. Another asset will be little more than a distraction.Cash |
Posted at 06/5/2023 07:46 by jp2011 Fund from success, discover something and the money flows in. This is funding at the very bottom of the market when KAV is meters away from success in the KSZ. Remember £3m raised late Oct 22 gives KAV 3 rolls of the dice this year but the turnip running KAV is playing games to keep the share price low. It's abusing private investors. |
Posted at 05/5/2023 09:32 by jp2011 The investor should buy the Zim gold asset direct but what they're attempting to do steal my assets on the cheap. |
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