Kavango Resources Share Discussion Threads

[skiboy10] 15/3/2019 12:51

https://www.youtube.com/watch?v=nvJcUcHN5FU&feature=youtu.be KAV @ 9min 21secs "It's not beyond the realms of possibility that Kavango could strike very quickly and if they do then people need to have a look at what happened with the Sirius Nova nickel discovery in Australia. I think it was up around a hundred times that stock in the space of 6 or 8 months on the discovery. Absolutely incredible movement and that's what we're playing for."

[skiboy10] 14/3/2019 13:45

Yes

Results at Ditau by month end

Surveys ongoing and maybe another project to be added to the portfolio.

[skiboy10] 08/3/2019 17:03

First results due from Ditau with three weeks. This is what they have been drilling.

[skiboy10] 05/3/2019 17:02

From lse

okenia
Posts: 9,502
Opinion: No Opinion
Price: 3.25
RE: RNS out
Today 15:13
I'm no TPI fan. However, on the flip side, KAV have now used up their 20% share issuance authority for the current year (remember, they're on the Standard List not AIM so it's different rules) - which means no more placings this year unless they issue a prospectus (updated CPR, financials, regulator approval etc etc - no small task). So there's a clear runway now, and with those warrants being at 12p they're not going to cause any issues until we're getting towards the 20p mark.

KAV were always going to raise more money for the next stage in the exploration ... what I really didn't want was them placing into share price strength caused by some good drilling results, and thus nerfing any momentum just as it gets going. That can't happen now (see comments above), which is good from a trading perspective.

I like KAV because of the scale of their land package ... they're going for a big win, not piddling about at the edges of something sub-scale. Their licence package for the KSW is about the size of Wales (albeit the strip of interest is a line that runs down the middle).

There's no proof until the drill bit hits, but if they are successful then the upside is massive. [And of course like any junior, they could just hit barren sand - although all the VTEM with Budgie the Chopper is designed to minimise that risk].

[skiboy10] 05/3/2019 16:58

Results at Ditau by month end

Surveys ongoing and maybe another project to be added to the portfolio.

[skiboy10] 05/3/2019 16:57

So £750K to accelerate drilling the KSZ.

Sounds like the extra raise will mean they can sign bigger drilling contracts and get better rates. Makes sense to me. Fully funded and some exciting times ahead.

[skiboy10] 05/3/2019 16:50

Kavango boosts coffers once again, with new £250,000 raise

07:56 05 Mar 2019

The money raised will go towards exploration on the Kalahari Suture Zone

Kavango Resources PLC (LON:KAV) has raised £250,000 through a placing of just under 9mln shares at a price of 2.8p each.

The fundraiser comes immediately after a 25 February 2019 placing, which raised £500,000.

The most recent placing came following an approach from broker Turner Pope.

Each placing share has a warrant exercisable at 12p.

The funds will be used to accelerate exploration at the Kalahari Suture Zone project in southwest Botswana.

"We are extremely pleased to welcome our new investors introduced by Turner Pope, who have successfully assisted the company in raising an additional £250,000,” said chief executive Michael Foster.

“The proceeds will allow Kavango to accelerate further its exploration program at the KSZ project area. The KSZ project covers over 9,000 square kilometres of prospecting licences prospective for base metals in southwest Botswana. The funds will also assist us to review other highly selective but potentially very interesting natural resource opportunities in Botswana.”




Kavango Resources raises additional £250k to advance Botswana exploration

[skiboy10] 05/3/2019 16:50

Kavango Resources raises additional £250k to advance Botswana exploration - Michael Foster Interview