Kavango Resources Share Discussion Threads

[fillipe] 26/10/2023 16:07

KAV + 19.23% today. as I type.
Lowest ask on show, now 0.80p
Looking good!

f.

[texaschaser] 18/10/2023 08:49

Mirror mirror on the wall, it's the same old board, it's the same old fall.

[jp2011] 18/10/2023 08:14

General meeting 25th Oct but still waiting for prospectus.Drilling was meant to start 10 days ago but rig in SA.Cash rapidly running down.Option period 3 months left to drill and get assay results.KAV 2.0 looking very much like KAV 1.0

[texaschaser] 17/10/2023 13:03

Increase security.

[gasmanmick] 14/10/2023 16:25

What KAV won’t want to talk about is the crime gangs wielding machetes raiding mines making operating a mine very dangerous if not impossible.

[texaschaser] 09/10/2023 18:38

Still chasing still dropping

[paulhopeful] 04/10/2023 09:11

When is the prospectus due ? Thanks in advance.

[mrmark1] 27/9/2023 21:06

Have a big order in for 0.65-0.7 level. Wonder if I will get some fill once the circular is announced this week and subsequent vote for £4.6m cash at 1p. I can see a potential squeeze to 1-1.5p very quickly as a few months ago. What small cap has £6m+ cash in todays market to drill and make discoveries.

[kdickson] 25/9/2023 13:20

SP Angel. Morning View.
Kavango Resources (KAV LN) 0.65p, Mkt cap £5.1m – Expansion of exploration area in the KCB

Kavango Resources reports that it is to acquire additional Prospecting Licences in the Kalahari Copper Belt (KCB) of Botswana consolidating its land position around its existing licences in the South Ghanzi Block.

The company will acquire a 90% interest in licences between its existing Karakubis Block and the South Ghanzi licences for a total of A$2.5m, to be paid in stages “giving Kavango a single, contiguous project area to explore”.

Under the agreement with two subsidiaries of Global Exploration Technologies (Icon Trading and Ashmead Holdings) Kavango will pay an initial A$1.5m in cash upon completion of the acquisition followed by two further cash payments, each of A$500,000, after 90 days and 180 days.

The Ashmead licences are due for renewal in June 2024 and those currently held by Icon are renewable in September 2025.

The additional licences are believed to host the contact zone between the D’Kar and Ngwako Pan Formations which hosts economic mineralisation elsewhere within the Kalahari Copper Belt, including at the T3 deposit of Sandfire Resources and at Khoemacau Mining’s Zone 5 deposit where, in February, mining reached the targeted 300,000tpm rate.

The new licences also give Kavango Resources coverage of “a single regional system that incorporates notable domal structures, which are key exploration targets in the search for large-scale copper/silver mineralisation”;.

Chief Executive, Ben Turney, expressed confidence that “uninterrupted control of the single system in this portion of the Kalahari Copper Belt … significantly increases our chances of making a discovery here”.

He said that the company will
now review “exploration data for the new licence areas and the results of our recently completed IP surveys at the Karakubis project area. Our goal is to identify high-confidence drill targets to pursue in Q1 next year”.

Conclusion: The additional licences consolidate Kavango Resources’ position over a stratigraphically and structurally promising part of the Kalahari Copper Belt in Botswana. We await news from the continuing exploration with interest.

[apotheki] 25/9/2023 09:05

Kavango continues to finalise the circular and prospectus for the forthcoming Stage 2 financing with Purebond (announced >>> 09 May 2023 for £4.6million at 1p per share). The Company expects to publish the Circular in the coming days and call the general meeting to seek approval from independent shareholders of a waiver in accordance with Rule 9 of the Takeover Code (Whitewash) in relation to this transaction.

In the event there is a delay in completing the Stage 2 financing, Purebond has indicated to Kavango's board its readiness to lend the Company sufficient funds to complete the Acquisition.

[apotheki] 25/9/2023 09:00

To complete the Acquisition, Kavango will pay GET a total of AUD$2.5 million in cash in the three following instalments:

- AUD$1.5 million on the completion of the Acquisition

- AUD$500,000 90 days after the completion of the Acquisition

- AUD$500,000 180 days after the completion of the Acquisition

[texaschaser] 23/9/2023 14:32

What is the new latest thing being chase?

[texaschaser] 20/9/2023 13:23

was it? lol

[dead duck resources] 19/9/2023 18:54

The CEO's planned move to Zimbabwe funded by the company, screams 'lifestyle company'.

[apotheki] 19/9/2023 17:10

Excellent to note that the LSE, FCA and the financial authorities in general have made various changes over recent months that will especially assist the smaller shareholders community.

Cutting the requirement in half to 5% for calling an EGM is an excellent start.

Based on the above there could now potentially be a large increase in Shareholder Action Groups calling EGM's and removing directors who shareholders quite bluntly deem not to be fit for purpose.

[mrmark1] 19/9/2023 12:02

Ben Turney:Hi allThe Purebond deal is still going ahead on the same terms and the prospectus is currently being reviewed by the FCAI can't give any guidance on timing. This regulatory process is out of our hands

[apotheki] 14/9/2023 08:45

Never liked after hours RNSs - the interim results should have been issued at 7.00 a.m. either yesterday or today

[apotheki] 14/9/2023 08:35

From 17.21 yesterday RNS from KAVANGO RESOURCES PLC - Interim Results

[sharestar5] 06/9/2023 11:11

No idea.
In the last accounts Kanye Resources PLC seemed to be designated a funding company. It appears that there is now a voluntary strike off action on Kanye Resources PLC. Kanye Resources (PTY) holds/held the Kanye licences. The actions at Companies House for Kanye Resources PLC may have no significant impact for KAV, although the allocation of shares seems odd.

[bradshaw980] 06/9/2023 09:54

What significance is this ? Don't Follow Kavango at all LoL after all the words said about drilling then dusting ROFLMFAO

[sharestar5] 30/8/2023 19:30

Shares allotted in Kanye Resources - JV or IPO?

[tomboyb] 01/8/2023 10:41

Gone blue -

[tomboyb] 31/7/2023 13:07

Buys trickling in -

smashed from 1.5p -

[danmart2] 27/7/2023 12:39

We have our first KAV ramper in a while, welcome