Kavango Resources Share Discussion Threads

[skiboy10] 22/11/2019 07:43

MF sounds confident

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"Our multi hole drill program on the KSZ progresses well, with the hunt being on for massive sulphides. The intersection of a gabbroic sill at exactly the depth and location predicted by Kavango's geophysical surveys demonstrates the effectiveness of the Company's exploration methodology. We look forward to identifying sulphide mineralization in at least some of the proposed drill holes. This would be consistent with Kavango's prediction that the KSZ has the potential to host world class magmatic sulphide deposits similar to those found at the giant Cu-Ni-PGE deposits at Norilsk in Siberia. We will provide the market with further updates as this drill campaign proceeds."

[riley9] 22/11/2019 07:33

Am I right as interpreting that as they've found the type of rock they were expecting, now they need to analyse it to see what's in it ?

[catsick] 22/11/2019 07:22

So they have at least hit Gabbro so potentially could have a kitchen countertop mine

[thelung] 22/11/2019 07:15

RIT38 was the first hole and RIT8 was second so they were both duds, hence the selling. Fingers crossed for RIT50 as the final roll of the dice and it's looking promising

[fqr714bhp] 21/11/2019 20:38

The interview as he explained it, the rig was on site at the time of the interview and drilling would take 3-4 weeks from that YouTube interview.

I make that @ 24th November 2019.

If it is not going well, then it is about time he tells us it is not going well.

IMHO.

[riley9] 21/11/2019 20:12

They also said there were delays getting on site due to sand.

[fqr714bhp] 21/11/2019 20:08

See the link on post 996

[fqr714bhp] 21/11/2019 20:05

The Youtube interview was on the 28th October?

He said the 1st drill would take 3 to 4 weeks.

He also said if it was massive deposits he would release news early.

I make that the 24th November?

I guess things are not going well?

LOL.

[d220] 21/11/2019 16:47

fqr - I dont where you are getting this "deadline!" from? Th company has set no such deadline. MM said that the drill should take 3-4 weeks if all goes well. You are setting yourself up for disappointment if you think news is guaranteed by Monday.

[fqr714bhp] 21/11/2019 09:16

3 trading days to go before the 4 week 1st drill result deadline

[edjge2] 20/11/2019 19:42

appreciate list small tick up today

[skiboy10] 20/11/2019 12:45

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

[book5] 20/11/2019 12:22

Who is Peter Anderton? is it a cover name registered in Cyprus? Just asking, I am new here

[skiboy10] 20/11/2019 12:20

The list of major shareholders has also been updated on the website. Peter Anderton now holding 9% as per recent RNS of 1M buy

[fqr714bhp] 20/11/2019 12:03

What is it with the spread here?

4 days to go before deadline of 1st drill result.

I guess news next Monday or Tuesday?

[edjge2] 20/11/2019 10:39

PDF link above now readable by me anycase

[skiboy10] 20/11/2019 04:32

As the share price moves quickly on any decent buying or selling it’ll be very interesting to see what happens if they do find what they are looking for. KAV still seems to be very much under the radar. Imagine what would happen if there were 500 trades in a day rather than the 5 or so we saw today. What would a world class deposit do to a sub 4M market cap? Fingers crossed.

From the recent RNS

Michael Foster, Chief Executive Officer of Kavango Resources, commented:

"We are delighted that the drilling on the first hole of this 3 hole programme is now underway. If the current drilling is able to verify Kavango's geological model by intersecting metal sulphide mineralization in association with gabbroic intrusives on the KSZ, this will represent a major step forward towards the discovery of a world class, Norilsk type, magmatic sulphide deposit in Botswana. We look forward to providing the market with further updates as this drill campaign proceeds."

[palace pete] 19/11/2019 20:37

Can't open it.

[skiboy10] 19/11/2019 19:35

This presentation was uploaded to the website yesterday.

At first glance I cannot see anything new.

[palace pete] 19/11/2019 16:23

Steady as we go

[d220] 19/11/2019 15:09

Just an observation that may mean nothing: looking at company tweets since the drilling started, they have generally been every 3 days or so. The biggest "gap" has been 6 days from Nov 4th to Nov 10th. Until now. We last had one on Nov 13th so now 6 days and counting. Hopefully they are just too busy with drill result interpretation to be tweeting!

[bungeetrader] 19/11/2019 11:27

They have also said there was a delay in getting to site. Relax, it will come when it comes.