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KZG Kazera Global Plc

0.55
0.025 (4.76%)
Last Updated: 08:09:04
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kazera Global Plc LSE:KZG London Ordinary Share GB00B830HW33 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.025 4.76% 0.55 521,698 08:09:04
Bid Price Offer Price High Price Low Price Open Price
0.50 0.60 0.55 0.525 0.525
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 55k 6.71M 0.0072 0.72 4.87M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:09:04 O 250 0.60 GBX

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Date Time Title Posts
10/4/202409:50Kazera Global1,739
20/7/202208:57JUST PILED IN BIG INTO KEZARA GLOBAL..WHAT A TURNAROUND STORY!112

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Kazera Global (KZG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:09:040.602501.50O
07:09:040.509,39346.97O
07:09:040.509,75648.78O
07:09:040.603332.00O
07:09:040.601,66610.00O

Kazera Global (KZG) Top Chat Posts

Top Posts
Posted at 16/4/2024 09:20 by Kazera Global Daily Update
Kazera Global Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker KZG. The last closing price for Kazera Global was 0.53p.
Kazera Global currently has 936,599,523 shares in issue. The market capitalisation of Kazera Global is £4,870,318.
Kazera Global has a price to earnings ratio (PE ratio) of 0.72.
This morning KZG shares opened at 0.53p
Posted at 10/4/2024 09:50 by penrith
Share price is completely meaningless untill we get some information. A £1000 buy/sell can move the share price 10%. Current mrkt Cap of £5mill allows the company itself to manipulate the price in whatever direction it wishes.
The MM are not interested with this minimal volume, just look at the spread of
37%.
We are being played with. No news on payments, licence or HM and we are nearly a third through the tranformational year.
The main concern is that I think they would eagerly share any good news so it leaves only the other option. Personally I would prefer an honest update that we can make a decision on.
Posted at 04/4/2024 10:23 by harvd
Hi Penrith, there does seem to have been a consistent seller for weeks. I can only hope that it is the previous stewards of this company unwinding their position as their money is needed elsewhere. They certainly aren't losing as they did very well from loans to this company along with shed loads of warrants issued at .3p, (Benefits not available to the common shareholder) and not forgetting renumeration for all their hard work enhancing shareholder value.(Tongue firmly in cheek) Maybe a coincidence of why share price decline stopped at that price? Who knows? But at some point the sellers shares will run out and that combined with events turning from anticipated to actually having occurred, should see this share re-rate considerably in my opinion.
Posted at 27/3/2024 15:34 by harvd
QS99 I like your optimism,it would be great for the share price to move upwards but unfortunately there is a reason it is likely to do the opposite. Delivery expectations have so frequently been missed that "Mr Market" will justifiably only move the share price north when the word delivered can be used. Looks like more waiting is required and let's hope the end of April guidance isn't missed.
Posted at 27/2/2024 09:52 by tigerbythetail
Not really, I'm still holding here.
Essentially:
1. KZG are still owned $8m by the Chinese for Aftan - a lot more than KZG's current market cap. This situation will resolve somehow - either the Chinese will pay all or most of the money, or KZG will factor the debt, or sell the mine to a third party. IMO, the most likely outcome is that the Chinese go through with the deal; they are still spending money on the neighbouring Arcadia tenements. But this will be in their own sweet time, so patience is needed.
2. Sooner or later KZG will obtain the licence required for handling radioactive materials and I'd expect HMS production to begin more or less the next day. Again patience may be required in the interim - South African elections are nearing and this may paralyse the bureaucracy for a while.
3. I still don't expect an equity raise. I'm sure DE is under intense pressure from AMS to avoid one.
As for smaller, less important matters:
1. Al101uk is jumping to conclusions. Yes, the majority of the diamonds have been mined from Alexkor's area, but around 20% remain. That is not the same as the diamond mining is "becoming non-commercial". I'm expecting news that diamond mining has restarted in the next few weeks; though this "good news" should be tempered by the recognition that the diamond mining is inherently small-scale in nature.
2. Just to make clear (again), Vast Mineral Sands has no connection with the notorious Vast Resources, bar the coincidence of the name. If anybody has information otherwise, please publish here!
The share price here was roughly double what it was two months ago, and nothing has really changed since then. The share price has dropped on low volume - it's just AIM doing its thing.
Best of luck to all who are trying to pick the exact bottom here. I'm one of you!
Posted at 26/2/2024 22:34 by al101uk
July 2017

Vast Mineral Sands applies for a Heavy Mineral Sands Concession

"Only the western coastal portion of the area, where diamond mining and prospecting has taken place over the last ~80 years, is to be prospected. The inland portion of the area, which is relatively undisturbed, has been excluded from the target area due to environmental concerns"

Prospecting was to take place over the next 5 years.

hxxps://sahris.sahra.org.za/sites/default/files/heritagereports/Alexkor%20HM%20Sand%20Prospecting%20VAST.pdf

It appears that VAST became both the HMS mining rights holder and the concession holder for the diamond mining operation for Alexkor. It was agreed that Alexkor would process the diamonds for sale.

June 2018

Align are brought in to initiate coverage of Tectonic Gold. Share price is 2p, target is 7.6p.

Tectonic describe themselves as "a specialist gold exploration company"

Late 2018

Tectonic Gold begins due diligence on VAST Mineral Sands in order to generate quick cashflow to fund their gold exploration projects. Primarily they look at taking a share in the diamond mining operation. This turns out to somewhat eerily echo what happens later with Kazera.

February 2019

Tectocic Gold buys a 50% Economic Interest in the Diamond Mining Concession from Vast Mineral Sands for $650K. It's unclear, but this appears to include both the diamond mining concession and the HMS rights.

hxxps://a44887a5-5755-4d77-98af-6d88a80ffcad.usrfiles.com/ugd/a44887_e4845a98ccd64f3c85d7d4288c7e7205.pdf

March 2019

Diamond mining commenced at the concession with 900+ carats per month forecast after second stage development.

May 2019

Tectonic Gold plans to take 100% control of the Diamond Mining Concession

hxxps://a44887a5-5755-4d77-98af-6d88a80ffcad.usrfiles.com/ugd/a44887_69106eb9fe474a4781759828a0b178e4.pdf

Sept 2019

Tectonic Gold are offered the direct minining contract for the diamond mining project and so does not follow through on the long term contract with VAST.

hxxps://a44887a5-5755-4d77-98af-6d88a80ffcad.usrfiles.com/ugd/a44887_f1c324f63fb047a8aa618f9499a68218.pdf

As of June 2019 Tectonic had a market capitalisation of £4 million and net assets of £2.5 million.

Dec 2019

Tectonic SA secures an interim contract to be the prime diamond mining contractor with final contract expected in March 2020.

Tectonic Gold then announce the sale of the diamond Mining concession to a "private investor" retaining a 10% econopmic interest.

"Tectonic will retain a non-diluting 10% interest in Tectonic SA alongside the 26% holding of Black Economic Empowerment (“BEE”) partner. The new investor will hold a 64% interest and fully fund all future project development."

"The terms of the acquisition include a £100,000 payment in cash to Tectonic Gold on completion."

At this stage Tectonic is suspended from the AQSE Growth Market as it delays it's full year results until after the completion of the sale. Align would later report:

"With market sentiment turning against junior exploration companies creating a difficulty environment to raise further exploration funds, the company looked to secure a production ready project to generate cash flows and avoid further diluting shareholders."

hxxps://a44887a5-5755-4d77-98af-6d88a80ffcad.usrfiles.com/ugd/a44887_114a7215462343deb8ae65f585d61a5c.pdf

June 2020

Tectonic South Africa is rebranded to Deep Blue Minerals and the diamond mining operation is sold to Kazera under the same terms as above (as reported by Tectonic Gold). Tectonic Gold incorporate a new company, Whale Head Minerals, and apply for HMS mining rights which Kazera commit to buying at a future date with Tectonic retaining a 10% interest. Taking over Whale Head Minerals involves also taking on $500k of liabilities.

The funds for this purchase are raised via a placing of shares with Richard Jennings of Align, he also recieves 1 for 2 options exercisable at 1p. For some reason the KZG RNS reports that the assets are being bought "from" Richard Jennings.

The corporate advisor for Tectonic resigns.

Tectonic publishes their results a day after the resignation and presumably relists soon after having recapitalised through the sale of it's assets to Kazera.

August 2020 - Align publish their first note on Kazera Global singing the praises of the new acquisition and setting a target price of 2.5p with a current price of 0.7p.

"Near term production and revenue generation has begun at a secured untouched mining block of beach and marine gravels at the well-known diamond operation at Alexkor in South Africa. This state-controlled mining area has produced 10 million carats of gem quality diamonds since 1928."

The price rockets over the coming months to 2p+, more than enough for Align to vest their options.

May 2021

Wale Head Minerals submit their application for HMS mining.

The Walviskop target fell within Alexkor’s diamond Mining Rights, it was proposed that Diamond Mining and HMS mining should take place at the same time with shared processing resources. An interesting comment from the mining application:

"Whale Head Minerals requires economic growth and job creation as a means for improved social wellbeing. The project will provide long-term employment opportunities at the Mine and the project could therefore benefit the local and regional communities and economy. The diamond deposits at Alexkor are a depleting resource spelling a bleak prospect for the Richtersveld community and Northern Cape at large as was demonstrated in large job losses during the last two decades at Alexkor and neighbouring mines."

hxxps://sahris.sahra.org.za/cases/proposed-mining-application-whale-head-minerals-portion-remainder-farm-1-port-nolloth

Sept 2021

Kazera buy controlling stake (60%) of Whale Head Minerals from Tectonic Hold for $250K. Tectonic retain 10%, BBE take the rest. It's reported that the two HMS opportunitites are Port Nolloth and Alexander Bay. Presumably $500K of liabilities were also inherited as previously published.

Seems to me Align rescued their stake in Tectonic gold while profiting from the "new opportunity" offered to Kazera. Richard Jennings got to play benifactor to the company while shareholders were fleeced without full information on what had just actually happened.

Is the Diamond and HMS opportunity actually worth what was paid? Or has it been an all but dead asset since 2017? I'll repeat the Whale Head Minerals mining applicaiton to give a possible answer:

"The diamond deposits at Alexkor are a depleting resource spelling a bleak prospect for the Richtersveld community."

Meanwhile Larry was saying:

"Cash flows from diamond production are expected within 12 months of completion of the Acquisition. The process will be simple on beach multi mesh separation before diamond gravels are directed to the Alexkor recovery plant."
Posted at 20/12/2023 12:56 by penrith
To repeat my previous post 'As I say the real question is how likely is the licence to be granted. Has one ever been granted before in a similar situation?'Presumably no one is aware of a licence being granted under similar circumstances which of course doesn't mean it won't happen but is of course the big worry.My view is simple:The licence is not approved then the company is in serious trouble and very much overvalued at today's share price We wouldn't be capable of taking the mine back because we couldn't afford to maintain it. The mine would become a liability and a fire sale would ensue.The mine sale has been handled badly. As soon as the buyer defaulted we should have repossessed and used the received money to re market the mine at a significantly lower price. Selling the mine at a discounted price of 8 mill would have meant we still ended up with 12 mill.Forget everything else, at the end of the day licence is critical to survival. Get the licence the money for the mine will be paid and the share price will fly.Pity we have no one on this board that knowledge of the radio active issue.
Posted at 13/7/2023 02:03 by outspan
"Will AMS make a bid to take the whole company private at 1.5p per share? It must look tempting!"

Tempting, perhaps, but my own fancy is that that's not their plan. I think they see KZG as a vehicle to further their growth ambitions via its London listing and its relatively near-term capacity to deliver serious free cashflow in order to bolt on or take stakes in new, probably deeply undervalued projects and opportunities at this time, similar to KZG.

They sure ain't parting with £4.2m for a stake that AIM currently values at around £2.2m without good reason or a plan. I suspect that plan to have a medium to long-term vision and, now that they have the voting rights, I expect to see first signs of their influence on KZG before very long, I would not be surprised if it's well before this year is out or why the earlier arrangement to acquire full voting rights?

As Dennis says of AMS,"...one of their principals is involved in a number of big infrastructure projects, both in Africa and in America. They see, I believe, Kazera as a strategic investment and they see a number of opportunities that can be created by introducing deals to Kazera and allowing Kazera to be built up. So they see Kazera as being a much, much bigger company, in a fairly short period of time.

Certainly, some of the things we have looked at and are currently looking at with them, are very exciting and will make a very, very big difference to the scale of Kazera....

[Re AMS holding]....it does mean they have a substantial influence in what happens in the future, going forward.....[Should shareholders be concerned]....Oh no, their interests are very much in seeing Kazera grow and in seeing additional value. They have paid a premium, a substantial premium to the current share price which makes no sense at all unless they can increase the current share price and see a return on their investment so that's very good news for everybody...."

I say, in the land of smoke and mirrors, follow the money!
Posted at 19/4/2023 11:51 by tigerbythetail
Presentation good as far as it goes, but I don't think it will move the share price today.
The bad news:
1. from one slide it seems our "junk" shareholders (i.e. Spreadex and Giles Clarke allies) still hold about 10% of the company. Those shares will need to be chewed through before the share price can move up. (This I think is the real reason for the share price being so low, despite AMS buying 29.9% of the company for 1.5p per share from Align.)
2. No income from diamonds yet - delays with Alexcor in processing and selling the diamonds. Did promise news of sales (!) in a few weeks.
The better news:
1. Trial mining of HMS to begin end of May with first revenues shortly thereafter
2. Full scale mining of HMS to begin end of September when new plant is installed.
3. Chinese have paid $3.5m to date for Aftan and are up to date with payments at the moment. They've also ordered equipment and are exploring the purchase of other concessions nearby (as well already knew). So the chances of them backing out are pretty limited at this late stage. $9m still to come by end of year.
4. AMS should pay Align the second tranche of the money due for their shares in a week or two, at which point the voting rights of all those shares (29.9%) will become theirs. That may be an interesting moment(!).
5. Over and over, DE emphasised that HMS is the company maker here.
I'd certainly expect the share price to be over 2p by winter. When it will move, I don't know. But - unless there is a nasty surprise hidden somewhere - move it must, sooner for later.
Posted at 30/3/2023 10:16 by tigerbythetail
Many thanks for all the detail, Outspan - it's very helpful.
1. It seems to me that Tracarta (aka Giles Clarke & Friends) and Spreadex are both committed and current sellers. That's a lot of shares (hard to know for sure, but very roughly c. 7% of company still to be sold through the open market). That would explain the strong selling into the rise on suspension being lifted.
2. FWIW, I don't understand why Spreadex had built up such a large position in the company. I can't believe they were trading on their own book; they must have been hedging something. Any ideas, anybody? Had Align taken out a big spreadbet long position with them on KZG; is that it?
3. Align (& related parties) declared 20.5% direct shareholding, plus a few percent in financial instruments. I'm not sure what they mean by that - was that a long bet with Spreadex??? Certainly, I take your point about the warrants - they'll have lots of them, and it's easy money to cash them in at 1p and flip them straight out to AMS for 1.5p. I wish I could make money that easily!
4. I think, if you add up the Align shares + financial instruments + warrants (assuming they are exercised) it comes to a potential interest in KZG of over 29.9%. So the question then becomes will Align hold on to those extra shares, or will they join the list of sellers.
5. There are also a fair number of PIs who invested in a tantalum mine on the basis of the former Chairman's statements. Judging by the LSE board, most of those investors are disillusioned, poorly researched, and want out as soon as they get back to break even.
6. All in all, that adds up to a lot of selling pressure, and the lack of "action" in the share price means that few PIs are looking at the company. Volumes are low.
7. Kazera is pretty much a new (and much better) company now - new CEO, new cash-heavy balance sheet, new business, new major shareholder, new website, new everything. The current share price is absurd. But, IMHO, it will take time (some months) for the share price to come "right". But the potential gain is big, and the risk is relatively controlled, so "give me the patience I need"...
"Buy" triggers are basically holdings RNS indicating Spreadex/Tracarta/Align reducing and AMS increasing. An AMS takeover offer must be a possibility here; if you put yourself in their shoes it makes a lot of sense (if they've got the money to do it).
Posted at 29/3/2023 10:00 by tigerbythetail
Hi Farrugia!
Thanks for calling them up and getting the answer to that question.
KZG's share price is a complete mystery to me as well - should be way higher. Heck, African Mineral Sands are buying 29.9% of the company at 1.5p - presumably because they think that's a good price. What does that say?
My only explanation for the share price is that tired old cliche - share overhang. We have large sellers (Spreadex? Associates of Giles Clarke?) who have simply placed huge sell orders with the market-makers, and we need to chew through them before the share price can move up.
In answer to landersd, I'm assuming that the heavy mineral sands (aka "the company maker" here) is currently being stockpiled ready for the new plant to arrive and be commissioned (another 4-5 months for that). So no income from that for a while yet.
I'm also assuming from the company's silence that they are not receiving any income from the diamonds yet - diamonds are clearly being mined, but then they have to go through a slow sales process and KZG have to get the money. That could be quite a lag.
But if you combine the cash on hand, the cash due from the Chinese for Aftan, and the forward prospects of the HMS business (even without allowing for new licenses), then the "buy" case here looks very solid to me.
Things that could go wrong? 1. The Chinese decide that they can't make TVM / Aftan pay and walk away after blowing a few million dollars. Unlikely now, I think, but not impossible. 2. Usual Armageddon scenarios - world economic collapse, price collapse in basic commodities like ilmenite, South Africa meltdown etc.
FWIW, I'm putting my money where my mouth is at these levels.
Kazera Global share price data is direct from the London Stock Exchange

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