Kavango Resources Share Discussion Threads

[apotheki] 19/6/2023 15:05

Talking of the KSZ

[danmart2] 15/6/2023 09:25

There is no ‘we’ at KAV unless it relates to dillution.

The history of KAV demonstrates it exists for the benefit of the board.

[palace pete] 14/6/2023 11:49

We're currently drilling ksz.

[apotheki] 14/6/2023 10:40

SP Angel . Morning View .

Kavango Resources (KAV LN) 1.1p, Mkt cap £7.8m –£1.4m financing for working capital, exploration and acquisition opportunities

Kavango reports it has raised £1.4m through the issue of 140m new ordinary shares as first announced on May 9th.

The placing was issued at 1p/share to Purebond Limited.

The subscription marks the first tranche of a £6m equity investment by Purebond Limited.
In advance of the placing, Purebond Limited held 12.05% of the issued equity.

Following the second tranche of the raise, Purebond and Solai Pension Schemes will hold 52.5% of Kavango.

Kavango is currently focusing on the Kalahari Copper Belt and their Karakubis licence block.

The Company also notes it is in the final stages of at least one acquisition.

[danmart2] 05/6/2023 09:44

AGM this week, hopefully see some of you there.

[danmart2] 02/6/2023 03:20

They want to wrap KAV up by giving it away, why else would you arrange to give away the company before the results of a drilling campaign?

[dalem2uk] 01/6/2023 15:41

Can't we make a share offer for AMC (Amur) got to be better than our current dilution plans and a better offering than what AST have made....

[danmart2] 25/5/2023 07:30

I’m in the camp this company is a complete bust , anything any of the current management touch in the future is to be avoided

[palace pete] 24/5/2023 18:34

I've asked Ben

[algernon2] 24/5/2023 14:00

So where is the promised link to the previous Q and A held on the Telegram Group?
Ben promised to provide it and hasn't as "Purdey" has quite rightly pointed out over on the LSE Board.
Please post/make available as you promised Ben.
Thanks.

[jp2011] 23/5/2023 19:33

Assays normally take 3 months, KAV have 8 majors interested so if the XRF results are good they'll want to rush assays through.

[thelung] 23/5/2023 18:02

if he says 20m of core has been airlifted toJohannesburg for express assays then you know its good ?

[jp2011] 23/5/2023 16:53

Let's see what happens in next 5 weeks. Share price could end up 0.5p or 3p depending on KSZ drills. One of the problems is iron, copper, nickel sulphides look fairly similar and the core might contain 70-80% pyrrhotite so visually nobody will be able to tell what they have from core photos. KAV use pXRF but won't release results pre assay and it won't pick up PGMs so PIs will have to judge BTs body language, if he says 20m of core has been airlifted toJohannesburg for express assays then you know its good. I'm optimistic about the drill but pessimistic on share price given the intention to give away 45% of the company.

[danmart2] 23/5/2023 11:05

Is this company now a complete bust?

Anything found will end up in the hands of the majority owner, let’s not pretend it won’t.

[palace pete] 22/5/2023 19:34

Drilling Friday according to botg.

[jp2011] 22/5/2023 10:17

In a single word, a narcissist.

[oilbeback1] 19/5/2023 14:04

Like the way he left his mic on after the telegram chat, something about shareholders scared/used to getting ripped off - something along those lines. Left on on purpose or accidental? Total charlatan, look at his history, red flags since taking over and future red flags staring you in the face.

[jp2011] 15/5/2023 16:40

Drilling should start first week in June, just about possible they could hit the conductor by end of June if it goes to plan, they case most of the way and have plenty of water. The last B1 drill took 7-8 weeks, they almost lost the drill head but part of the problem was drilling into the unknown, no excuses this time round as they know the conditions and equipment needed.

[sharestar5] 15/5/2023 08:32

Agree JP but your end of June timeline seems optimistic. I realised the 2 Mikes had links to Reunion Mining but didn't realise Hillary also had.

[jp2011] 15/5/2023 07:31

I think they set out to genuinely make discoveries and we should know by the end of June. The finances & corporate governance are abysmal, no concept of shareholder value.

[sharestar5] 14/5/2023 07:06

Some background on the 2 Mikes, Hilary, Chuck and Dougie.

[danmart2] 13/5/2023 18:08

is this an honest company that has become a scam company?

Directors given a big share bonus in return for giving the company away on the cheap?

[palace pete] 12/5/2023 17:29

Pro active video out.