Kavango Resources Share Discussion Threads

[skiboy10] 26/5/2020 20:00

COVID-19 Pandemic
Botswana Ends 7-Week Lockdown
By VOA News
May 21, 2020
Botswana’s 48-day lockdown ended at midnight Wednesday after gradually relaxing restrictions aimed at slowing the spread of the coronavirus in the diamond rich southern African country.

All businesses and schools are now cleared to reopen under government guidelines, including individual temperature checks, use of face masks and regular sanitizing.

COVID-19 Task Force Coordinator Dr. Kereng Masupu said in a news briefing that depending on the coronavirus disease pattern, a return to lockdown will remain an option.

Meantime, people returning home to Botswana will undergo mandatory quarantine and the ban of foreign visitors remains in place.

Botswana confirmed 29 COVID-19 infections and one death.

Reuter’s news agency said the Botswana's government set aside more than $400 million to help absorb the economic impact of businesses suspending operations, including the prized diamond industry, which had no buyers coming into the country because of travel restrictions.

[thelung] 26/5/2020 18:24

Yes, but again we already know it's close from MM comments in same interview. No point cheer leading as there aren't any spectators cause we're on a season break.

[skiboy10] 26/5/2020 17:02

Maybe something is now close to be finalised?

[thelung] 26/5/2020 16:42

We already know it's more than Ditau as per MM recent interviews

[skiboy10] 26/5/2020 16:26

"This will ensure that current funds last longer and will give the Company more time to conclude various ongoing commercial negotiations, which include potential JV agreements"

Sounds like more than just Ditau.

[skiboy10] 26/5/2020 16:25

Kavango says poring over data to identify drilling targets as coronavirus (COVID-19) pandemic affects fieldwork

The company, which is targeting the discovery of mineral deposits in Botswana, noted the country had “dealt admirably” with COVID-19 and is already easing travel restrictions

Kavango Resources PLC (LON:KAV) is putting the emphasis on desktop research while travel restrictions apply in Botswana during the coronavirus (COVID-19) outbreak.

The company, which is targeting the discovery of mineral deposits in Botswana, said the country had “dealt admirably” with COVID-19 and is already easing travel restrictions.

Even so, the company’s plans to conduct exploration work in the field have been affected but its geologists will be poring over the data gathered during 2019 from drilling and surveying as well as data from third parties to identify future drilling targets at the Kalahari Suture Zone (KSZ) project.

The exploration effort is currently directed towards confirming the existence of the conditions necessary for the formation of metal sulphide orebodies during the emplacement of gabbroic intrusives associated with a major volcanic episode during the late Karoo geological era (180 million years ago), Kavango said.

The drilling programme confirmed the gabbro sills contain "primary" sulphides, which suggests that the molten magma was in a condition of "sulphur saturation" at the time of magma crystallisation, it added.

The pre-revenue company released results for 2019 that showed it made a loss before tax of US$1.47mln, compared to a loss of US$534,242 in 2018, after the group took a US$1mln non-cash impairment charge relating to the valuation of exploration, evaluation and development expenditure.

"Our mineral exploration activities on the Kalahari Suture Zone in the southwest of Botswana, where we have an area of 5,573km2 under licence, continue to show considerable potential for the discovery of world-class base metals deposits with the completion during the year of our initial drill campaign.

"In addition, we are nearing completion of our first farm-out by selling a 51% interest in the Ditau Project. We have added to our mineral portfolio with our involvement on the exciting Kalahari Copper Belt where two new copper mines are now being developed," Michael Foster, the chief executive officer of Kavango said in a statement.

[skiboy10] 26/5/2020 07:11

"Although it is of course hard to predict just how long the current difficult conditions will last, we are still able to move the Company forward meaningfully. We have always managed Kavango prudently and will continue to significantly reduce costs wherever possible. This will ensure that current funds last longer and will give the Company more time to conclude various ongoing commercial negotiations, which include potential JV agreements."

[d220] 22/5/2020 07:56

lol gasman! Diamonds would fit the bill - but no coal thank you!

[gasmanmick] 21/5/2020 18:37

D220 I’m dreaming of diamonds but probably going to end up with coal.

[gasmanmick] 21/5/2020 17:58

D220 Bit “left field” !?
Lot of diamonds in that part of the world.

[d220] 19/5/2020 15:44

Interesting to hear MM say this: when asked about forthcoming newsflow:-
" We are always looking for opportunities....in this business you need to keep flexible.... if new opportunities come up you need to be in a position to take advantage of them. Sometimes people may be a bit surprised if we come up with something new and exciting...."
Sounds to me as if they are working on something a bit "left field"....

[gasmanmick] 19/5/2020 15:22

Brilliant that management not taking a salary instead putting all funds back into company which they own 27% of.
But need to get surveying sooner than later this year,need surveying done and drilling started ASAP.

[d220] 19/5/2020 08:39

Couldn't resist having another £2kish at 1.05p just now. This is the only one of my holdings that hasn't materially bounced back from the March/April lows, so I reckon it is due an upward correction. Signing of new licences due any day and ongoing desktop studies to prep for site work.
Build your position now whilst this is unloved and unknown....

[skiboy10] 13/5/2020 13:04

SP Angel . Morning View . Gold prices rise over potential COVID-19 second wave


Kavango (KAV LN) 0.9p, Mkt cap £1.7m – Ongoing data analysis and collection to complete 3D underground geological model

Kavango continue to work on the completion of their geological modelling of the Kalahari Suture Zone in Botswana.

Botswana is in lockdown at present but sample collection will restart as soon as restrictions are sufficiently eased.

[d220] 13/5/2020 07:11

Still plenty going on. No drilling timetable yet or news of KCB licences so expect more news over the next few weeks. Accumulate now or regret it. IMO etc

[skiboy10] 11/5/2020 15:38

D220 - As per the IPO prospectus all insiders are still locked in. I do agree that there's potential for great returns from here. Cheers.

[d220] 08/5/2020 09:45

Hi skiboy - yes, they won't be able to exchange any loan notes yet but maybe employess are cashing in other shares they already hold in lieu of wages, given we have had a little lift in the last couple of weeks. Cant blame them, but holding will give great returns from here IMO.
Thought we might have news of signing the new PL's last week, but guess things take forever and a day!

[skiboy10] 07/5/2020 14:50

SP Angel . Morning View . New Commodity Supercycle


New Supercycle possible as nations prepare to kick-start growth through stimulus and construction programs....etc....