Kavango Resources Share Discussion Threads

[thelung] 14/11/2019 16:04

Fingers crossed.

[skiboy10] 14/11/2019 15:30

TheLung - I don’t know which hole they are on presumably still the first? It is all a bit confusing I know but due to the delays at the start with the drillers getting equipment to the drill site plus the very hot weather progress has been slower than originally anticipated. Anyway at least they are now drilling away on the KSZ and will hopefully find those massive sulphides!

[fqr714bhp] 14/11/2019 15:18

He said 3-4 weeks for the results from the 1st drill to be made public.

That is 3-4 weeks from the 28th October 2019

That makes it between 18th-24th November 2019

[thelung] 14/11/2019 15:03

My sale at 3.09 didn’t cause the price drop. Still got a chunk left and won’t be buying more for the time being. Do you know which hole they're on?

[skiboy10] 14/11/2019 14:50

So you sold a bunch over the last week which helped the price drop now you blame that on insiders and presumably you’re hoping to get a bunch more at 1.8p now?

[skiboy10] 14/11/2019 13:04

Peter Anderton is one of the Riversdale Mining guys that were listed on the ASX and taken over by Rio for $4 billion in 2011

[skiboy10] 14/11/2019 12:56

Thelung - I think that’s over the top. For a start volumes are low. More likely T20 selling IMO and even then the fall is overdone for the volume. Also how do you know what hole the company are on? All we know is that the drilling is going well as per CEO Michael Foster's tweet but due to the delays at the start PLUS THE VERY HOT WEATHER - it’s PRETTY EARLY days with the drilling.

[thelung] 14/11/2019 06:32

So one hole down and they're still hunting, hence the share price fall over the past few days. Insider selling just like Ditau assays.

[edjge2] 13/11/2019 18:42

opp at 20 even better

[palace pete] 13/11/2019 16:19

Cheers S10

[gasmanmick] 13/11/2019 15:54

I wonder that if the other two holes drill cheaply to 100 meters would KAV do a fourth hole because every hole drilled provides the info which could help us locate a decent strike.

[edjge2] 13/11/2019 14:51

gasman another good opportunity at 21 good luck. they'll get there imo.

[gasmanmick] 13/11/2019 14:25

This is my largest holding after HZMI watched people sell up early there and was happy to buy the cheap shares I will do same here and will be here for long gain

[skiboy10] 13/11/2019 14:11

From what I can gather everything seems on track despite the initial delays due to the sand and getting equipment to site and also some extremely ongoing hot weather.

[skiboy10] 13/11/2019 14:09

Palace Pete I think you have misunderstood what Michael Foster is saying I would re-read the tweet. He is just stating the fact that at least the first 100m or so are RC drillable so therefore much cheaper to drill allowing KAV to remain well within budget on the project.

[fqr714bhp] 13/11/2019 13:45

You can sell 300000+ at 2.2p at the moment.

You can only buy 10000 at 2.27p at the moment.

Very odd.

[edjge2] 13/11/2019 08:45

phurley agree with that but will be getting a hoc holding in the next few days instead.

[phurley] 13/11/2019 07:30

This is looking rather good at 2.5p

[palace pete] 13/11/2019 07:17

Sorry have I missed something where were the core samples from if we have only reached 100mtrs depth on first drill hole?Are they former core samples?

[edjge2] 12/11/2019 20:06

cheapos for someone else. At least updates coming thick and fast from the boss.

[d220] 12/11/2019 17:21

"Drilling going very well after slow start due to vehicle access in thick sand. Geology in drill core matching up with, and aiding interpretation of, geophysics.This will greatly assist location of future drill holes. R/C rig getting down over 100m keeping costs well within budget"
Agreed, does sound positive but if this is still the first hole, progress has been slow. Whatever, I am happy to wait!