Kavango Resources Share Discussion Threads

[palace pete] 05/5/2020 19:32

True a lot of good news in that bulletin could be a very good year

[d220] 05/5/2020 17:51

Remember Pete, Directors and Managers were not bing remunerated prior to the fund raise so the 500k sale today might be someone needing funds to settle liabilities from when they were "unpaid"

[palace pete] 05/5/2020 16:39

Surprised on selling unless needed funds.

[palace pete] 04/5/2020 15:50

What a great listen and adds to the story.Exciting times.

[skiboy10] 04/5/2020 12:35

#KAV #Botswana #Ditau #KCP #KSZ
𝐈𝐍𝐕𝐄9826;𝐓Ү22;𝐑 𝐏𝐎𝐃𝐂9808;𝐒Ү27;
@KavangoRes were delighted to be on the @Share_Talk podcast talking about the Kalahari Suture Zone
The Company hopes to release the podcast today
#Copper #Nickel #PGM #REE
buff.ly/35kqJP6

[palace pete] 04/5/2020 12:10

Just paid well over share price for 20k.

[skiboy10] 02/5/2020 15:29

riley9 my point was from a 2Mish market cap you’d probably be looking at least a 100 bagger and probably quite a bit more in time IF they find they find anything remotely like a Norilsk or Voisey’s Bay.

[d220] 02/5/2020 13:55

Ok, I missed the second release about additional loan notes in settlement of wages. So this raised and additional cash amount of £18,132 plus payment of wages arrears of £91,855. Further warrants would, if exercised, raise another £137.5k ("A"s) and £343.7k ("B"s) thus giving nearly £500k, in addition to the £1.1m mentioned in my previous post.

[riley9] 02/5/2020 13:36

Instant retirement ? Depends how many shares you hold !

[d220] 02/5/2020 12:11

I have just been (belatedly) reading the detail of the April 15th Financing RNS.
Really quite interesting and fairly convoluted. It seems that the limit on the number of additional shares that the company can issue without getting permission from shareholders has required a fairly complex structure to the fund raise. Such permission is going to be sought at the AGM this year. As such, there has been a limit of 27,250m placement shares with further convertible loan notes and warrants dependant on the shareholder authorsation.

So, we have a placing of 27,250m shares at 0.8p/s raising £218,000
Loan notes of £140,500 (which may be converted to 17,562.5m shares by 31/3/21)
"A" warrants, which if exercised (at 1p/s within 3 yrs) would raise £175,625 for a further 17,562.5m shares
"B" warrants, which if exercised (at 2.5p/s within 3 yrs) would raise £439,062.5 for a further 17,562.5m shares
Plus £150,000 worth of Power Metal shares subject to DD on Ditau.

So, in effect, the fund raise gives a headline total £358,000 plus sale proceeds of £150,000 or £508,000. BUT if the warrents are all exercised (and the "A"s are already "in the money"), the total raise would be £1,122,687.5 for a "dilution" of 79.937m shares. This would be an aprox 50% increase in issued shares.
There is also the possiblity of Directors/Managers taking additional loan notes.
In conclusion, the financing is likely to be more significant than I had fisrt thought and shoud avoid the need for a futher fund raise until next year (IMO)when we will hopefully be at much higher levels of share price
Hope we continue to re-rate next week!

[skiboy10] 01/5/2020 16:53

Pretty much instant retirement if they find anything remotely comparable to what's on slide 9. Mind boggling upside from a 2M market cap.


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

“The Review of the Kalahari Suture Zone Project by Dr Holwell and the work carried out to date by the Company represents confirmation that Kavango is “on track” to make a mineral discovery in the near future. The huge value of deposits such as the Copper-Nickel-PGM rich ores in the Norilsk-Talnakh camp – of the order of hundreds of billions of dollars within a single ore shoot – provides a powerful incentive to develop an understanding of the geology of the KSZ and identify effective detection techniques.We look forward to working with Dr Holwell on this exciting exploration project.”

[skiboy10] 01/5/2020 14:24

PRESS RELEASE

1 May 2020

KAVANGO RESOURCES PLC
(“Kavango” or “the Company”)

New Corporate Presentation

Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce it has published a new corporate presentation on the Company’s website (the “Presentation”).
Kavango has updated the Presentation following the recent successful financing and subsequent release of Dr David Holwell’s independent review of the Company’s Kalahari Suture Zone Project.
The presentation can be viewed here –

Dr Holwell’s full report can be viewed here –


Further information in respect of the Company and its business interests is provided on the Company's website at www.kavangoresources.com and on Twitter at #KAV.

For further information please contact:

Kavango Resources plc
[phone]
Michael Foster
[e-mail]

SI Capital Limited (Broker)
[phone]
Nick Emerson

[d220] 30/4/2020 15:34

Not complainng about the move but why? A few small volume trades and up we go? Delayed reaction to yesterday's news or something else going on???

[philjeans] 30/4/2020 15:13

Amazing potential here for a world class mine for £2m !!

ADDED.

[skiboy10] 30/4/2020 15:11

Looks like a move back to 2p+

[skiboy10] 30/4/2020 14:33

Nice move today. Soooooo much potential!

[palace pete] 30/4/2020 14:21

Nice! Just the start if all the ducks line up.

[bungeetrader] 30/4/2020 13:22

Nice rise. Looks like investors are returning to the market.

[daniel levi bmd] 30/4/2020 08:33

Fyi

‪Arden Partners Coverage: Buy Union Jack Oil: Upside 450%.....

Dan
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