Kavango Resources Share Discussion Threads

[janhar] 18/5/2022 13:34

I've just tried a dummy sale and purchase - can sell my holding but can't buy a single share. MMs are looking for stock

[shearluc] 18/5/2022 13:18

Yep, the MMs are trading on our fear and uncertainty! Not sold a single share, and have topped up on EST on todays news

[jp2011] 18/5/2022 11:40

You can't even buy stock at these levels

[bungeetrader] 18/5/2022 11:34

Not for share price though?!?
Down 20%? That's a bit much I think. Someone getting a bit fed up waiting......

[soulsauce] 18/5/2022 07:37

Sounds quite promising 🤞🤞

[soulsauce] 12/5/2022 18:04

Blood on the streets again today 😖.
Still a trial holding junior miners. Not sure when the turn will come.

[the count of monte_cristo] 10/5/2022 11:31

Did he blink in that one?

[soulsauce] 10/5/2022 11:28

That is the shortened version. There is the same interview with the gorgeous Katie that is over 4min long.

[the count of monte_cristo] 10/5/2022 11:23

Who isn't:)

He looks in a zombie trance to remember all of the things he has memorized.

[spangle93] 10/5/2022 11:12

Mesmerised by Katie, tCoMC

[the count of monte_cristo] 10/5/2022 10:54

Someone must have told him not to blink.

[jp2011] 09/5/2022 17:49

Shorting is possible but could also be a seller subject to conditions eg no sales within a set period.

[rankor] 09/5/2022 17:46

"He said in the interview something had been going on behind the scenes with the share price which he will address but not at this stage"

Ben, it's called a market. Shorting is legal. If investors sell more than they buy due to a lack of confidence or poor results, the share price drops. Seems like obfuscation from the real issue which is that Ben twittered up Kavango's progress to the point of hysteria and then missed the KSZ drill target - simples.

[soulsauce] 09/5/2022 17:18

Lol TheLung 😄

[thelung] 09/5/2022 16:59

He hasn't rolled that line out for a while :-)

(Sorry Pete I couldn't resist)

[palace pete] 09/5/2022 16:45

He said in the interview something had been going on behind the scenes with the share price which he will address but not at this stage

[skiboy10] 09/5/2022 16:15

hxxps://youtu.be/Rdf5hoJhlFE

Stockbox link

Kavango Resources - Mineralisation Target at the GRS Consistent with IOCG Deposits

5 viewsStreamed live 39 minutes ago

[soulsauce] 09/5/2022 16:08

Stockbox out on YouTube now.

So something strange had been happening with the share price which they wanted to nip in the bud, more on that when he can say more - hmmmm!!

[skiboy10] 09/5/2022 14:15

Copied from lse


KeithOz
Posts: 756
Price: 2.90
No Opinion

GRS - What happens next?Today 07:11
We have a geophysical model, but not yet any assays, that strongly suggests IOCG. Where do we go from here?

Let's get one thing straight – the GRS is a big project, quite possibly the largest for a decade. There is the potential here to be worth a lot more than Greatland/Newcrest's Havieron or Chalice's Julimar, both multi-billion $ before production. Neither of these company's shares went from zero to hero overnight, but increased steadily in line with the expansion of resources, a process that has already taken 3-4 years, and is continuing.

Many institutions have internal rules preventing them from investing in mining projects unless a JORC or NI 43-101 compliant resource has been declared. Such a resource will also be necessary for a BFS, which is a normal requirement for raising external funding. For a project the area and depth of the GRS, this will require a lot of drilling to enable resource definition – does the mineralisation occur throughout the apparent orebody, and is it of consistent grade, are there high-grade areas, etc?

The AMT apparently shows zones that could host more intensive mineralisation. I would guess that a developer would start there, with drill holes 1500-2000m deep, then follow up over the whole target on a 500m grid pattern, which for an orebody this size is maybe 30 or 40 km², so perhaps 100 such holes would be necessary. That will give a pretty good initial idea of the potential. Depending upon consistency of mineralisation, infill drilling on 100m or even 50m grid would follow - that's a lot of holes. I'm not sure how much each hole is likely to cost, but $50 – 100k each is not unlikely in this terrain.

Clearly a lot of funding is needed to move this from discovery to BFS stage. KAV have made it very clear that it is the intention to JV or sell projects as they mature. The big question is at what stage is the best time to sell in order to maximise returns? That will depend on how much KAV can afford to spend to move the project a bit further along from the theoretical to the practical, and of course what sort of offers are on the table.

As well as getting an idea of how much of what is contained in the GRS, a potential partner or buyer will want to do a comprehensive appraisal as to how much it will cost to set up what will be a huge mine, process (what is the metallurgy?) and transport the output, so don't expect an immediate contract signature.

Expect to hear lots of rumours and false claims, both to the upside & downside! Long term holders are likely to gain a lot more than impatient ones. Just my opinion of course.

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[rankor] 09/5/2022 11:59

I stated that Kav would need to raise (see my posts on 3rd and 4th May). No insider info, I just read the last Annual Report and Financial statements and extrapolated the cash burn compared to what they had in the bank from Feb 2022.

It seems that the cash burn is higher than I forecast because to raise £750k at such a low share price seems a little desperate to me. It tells me that are not confident in lifting the share price north of 3p by having any results for the next 6 months due to the time it takes to drill off Ditau, get assay results from last year and this year, acquire a 2nd drill rig, start drilling the KCB, drill KSZ 16,000 Siemens target. All that takes time and money, hence the raise.

Hopefully, I am wrong and they can get some positive results by Q4, raise the share price and do another raise at a higher price with less dilution because £750k won't take Kav much into 2023 given the amount of projects that they have on the go.