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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kazera Global Plc | KZG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.65 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.65 | 0.65 | 0.65 | 0.65 | 0.65 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 26/2/2024 22:34 by al101uk July 2017Vast 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 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://a44887a5-575 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://a44887a5-575 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://a44887a5-575 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://a44887a5-575 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 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 15/2/2024 23:07 by outspan Don't forget the Put Option was struck when the share price was nearer 1p, still a significant premium of course, but it was clearly struck for volume and, if upwards of 1.5p value was seen by AMS then, it can only be even greater now by buying in the market. Having taken the max 29.9% at 1.5p, AMS can't do that without triggering a bid. A singular opportunity for others though for all the reasons outlined above.Not sure if you were looking for an answer to your last question cyberbub but, no, they're not. Completely new investor and, to me, that adds substantially to that bit of this story. |
Posted at 14/2/2024 15:39 by red rook ... with their plant at their flagship HMS project planned to start operating immediately on receival of National Nuclear Regulator permit anticipated Q1 2024.... with their Deep Blue Minerals diamond project planned to start at end of this month or early march... with the completion of the sale of Company's interest in African Tantalum (Pty) Ltd in Namibia ("Aftan") either to Hebei, who has already stumped up $4.8m with $8m still remaining ... OR ... put for sale to a new buyer for a reduced $8m, which would still give Hebei a chance to hurry up and stump up the remainder owed !.... then I think kzg must be worth a punt at these levels, although nothing is certain on aim!.... progress in any one of the above and there should be sizable re-rate.... and for shareholders another important fact is kzg's strategic investor AMS, now holding 29.9%, happy to pay 1.5p/share only recently to increase their holding ... shows confidence in future progress |
Posted at 20/1/2024 12:35 by gbcol Interesting interview with Dennis Edmonds.Worth a listen IMO. General discussion but some specific comments that are quite interesting and relevant for investors here.A Dive in the South African Heavy Mineral Sands |
Posted at 16/1/2024 14:01 by al101uk DDR, I think we agree about 1% of the time, so it makes a refreshing change ;-)I have nothing to gain either way here, just interested by the discussion and Tigers refusal to discuss numbers that are readily available. I thought I'd lose interest here once GC was ousted, but it seems the drama has only multiplied. I'd be very interested in what constitutes those management fees but there are no notes to either the admin costs nor that line in the cashflow. If I held shares I'd at least ask the question of investor relations. |
Posted at 27/12/2023 15:10 by dead duck resources No problem, hopefully others will find some nuggets of info in DDRs worthless posts.I won't go as far as you did on Mirriad and say I'm convinced it's an outright scam but I do have doubts the company is being frank and honest about the 'new' investor. All we know is 'Prem' Premraj is CEO or represents them (i.e. gets a fee for acting on the owner's behalf) and Kazera neglected to mention AMS used to own Vast Mineral Sands Pty Ltd. Odd not to be upfront about that. Is there a clue in the name 'Vast'... Don't tell me we've gotten into bed with the folks behind -99.99%'er Vast Resources! |
Posted at 26/12/2023 14:12 by dead duck resources TigerByTheTail, I've not accused anyone of fraud, Align Research is just T1ps with a more entrepreneurial owner, Kazera Global and Tectonic Gold your typical penny stock promotes that vend in worthless mining ventures, often acquired from associates. The past management get the credit for the one being sold here, current management to be assessed on how they spend it. Looks like it's going on the beachcombing project and another venture the 'new' investor brings in. Let's see how that goes...As an example of posts making accusations of fraud, you may like to review your own on Hummingbird Resources 22 Dec 2023 - 10:55 - 12904 I have my doubts that the company is being fully frank and honest… I have a hunch there is a problem with the reported mineral reserve. on Horizonte Minerals 02 Oct 2023 - 14:19 - 13410 I do wonder whether actual fraud will be uncovered furth on Mirriad Avertising 28 Sep 2023 - 17:12 - 3383 More and more convinced this is an outright scam. |
Posted at 25/12/2023 00:16 by al101uk I know what a put option is. I was asking what purpose it could serve in deceiving investors as to the actual price paid? And how that could benefit both buyer and seller?There have been lots of posts here saying that something nefarious could be going on and pointing at the put options as a smoking gun, but I haven't seen an explanation as to what that smoking gun represents. If that's too complex a question to answer here, then I guess we're left with "this looks bad... trust me guv." I would assume that Align have/had a put option with AMS as the counterparty which forms a contractual requirement for the shares to be bought at the price agreed. Implied pricing is usually the result of a farm in to an asset where there is no market value for that asset. Company A with a market cap of £10 million, sells 10% of an asset it owns for £2 million giving the assset an implied valuation of £20 million. Company A still has it's market price and there could be any number of reasons for that. In the case of Stratmin that's exactly what happened and the call option was granted because the purchase of an additional share was at Stratmins discretion. I don't see anything wrong with the structure of the deal. Not sure there is any point in people crying foul and then claiming it's too complicated when someone asks them to explain why. |
Posted at 30/8/2023 22:29 by penrith Thou protest too much. Most on here bought into tantalum and probably did decent research with the information available at the time. Your starting to sound silly particularly with references to Buffet. Genuine investors on here just want answers to:Are payments being received from the Chinese. Is there any revenue from the diamonds.When will HM deliver revenue.What is the cash position. Now you might think that only a manic depressant asks those questions but most genuine investors want answers to those simple questions. Now I know you can not but you should try and portray a slightly critical view of the company when it comes to communications. |
Posted at 11/4/2023 07:09 by wrtmf get your q's ready...-- 11 April 2023 Kazera Global plc ('Kazera' or 'the Company') Investor Presentation Kazera Global plc, the AIM-quoted investment company, is pleased to announce that the Company's CEO, Dennis Edmonds, will provide a live investor presentation via Investor Meet Company on Wednesday 19 April 2023 at 11:00 am BST. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via the Investor Meet Company dashboard up until 9 am the day before the meeting, or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and select to attend the Kazera Global plc meeting via: Investors who already follow Kazera Global plc on the Investor Meet Company platform will automatically be invited. For further information on the Company, please visit: www.kazeraglobal.com |
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